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New Trades

Thealchemist Posted 19 Mar  in #Trader's blog
Hello Traders,
I hope you had a great weekend. The new trading week is almost starting. In less than 4 hours GMT time the Asian session is opening and new trades might present a chance for another bearish/bullish trends. I am still bullish on the EUR/USD and hence will open another buy position. Let me show you once more why. The momentum is rising again and the price broke the 10 and 50 day moving averages. As I mentioned earlier, I am aiming at the 200 day moving average which currently lies a…
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In the Money

Thealchemist Posted 15 Mar  in #Trader's blog
Hello Traders,
Finally, my EUR USD trade went into the money. Now the target is the 200 MA (1.09). I have also opened another position. It is the USD CAD. Let me show you the arguments. You can that today's drop is significant (driving the momentum down). I believe the current momentum will persists in the near future. Let's hope a price of 1.30 would meet the target. If this is the case, we just need to wait and see what is going to happen. I should probably also say that the Open Interest for …
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Waiting

Thealchemist Posted 13 Mar  in #Trader's blog
Hello Traders,
My Aud Usd trade was automatically closed down due to leverage. However, my EUR USD trade is still open and I have not changed my view for both of the pairs yet. Another interesting trade I am considering entering soon is the USD CAD. Let me show you my views. I am using the momentum here to indicate the losing of strength the bulls are currently exhibiting. Some of the traders might even recognize double or triple top but again I do not trade patterns. A break above the 1.36 is a…
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