Trade_Journal

Trade_Journal

GBPAUD - I liked and still do feel GBPAUD has great trading opportunities, I've been swing/day trading GBPAUD. Hope you had or having a great weekend...so far! Let's dive into GBPAUD - Technical aspects: Pattern: Wedge Support: 1.77900, 1.77585, 1.76860, 1.76295 Resistance: 1.76295, 1.80200, 1.80450, 1.8100, 1.81580 How to play this trade idea? - Add...

Trade_Journal

WEDNESDAY - Half way through the week! GBPUSD - I like the long side for GBPUSD for months. It's a great trade that has had great momentum, I stuck to my trade plan, being disciplined is key and built long positions along the way - I am now scaling out of my positions! On my FX weekly I posted out to various groups I am part of - It's FREE to subscribe. It's...

Trade_Journal

Nasdaq NDX - What bearish moves we had on the indices yesterday! I will now explain why we had this move: 1) FOMC FED - Rates kept as same, nothing new in that aspect. During Questions - We had now the mention Taper tantrum was mention, that's a key word to keep in meaning they could decrease the amount of asset purchase that would increase yields further...

Trade_Journal

Technical view of AUDJPY: Quick Intraday trade idea! Pattern: Bearish Flag formation longer term, within intraday - Playing a H&S pattern - Confirmed once broken the trendline up - (Highlighted the key area in Blue) Support: 80.400*, 80.290, 80.170 Resistance: 80.600*, 80.700, 80.830 200 & 50 EMA - 80.400 is a key support area where it holds the trendline up as...

Trade_Journal

GBP - What a great currency - I say it's like marmite you either love trading this currency or hate it...It's been a tricky pair due to brexit drama. I remember trading on demo account when Brexit was announced shorting it with a good well established friend of mine in Africa...It was great fun even on a demo you do learn a lot as yrs go by . Now I do have a...

Trade_Journal

We approaching the end of the year - Seasonality - Maybe a Santa rally happening already we have had a very weak dollar this week already. There are questions I have for you: Do you think this is an appropriate area to be buying? What are the fundamental impacts that would decrease Nasdaq? Personally I wouldn't be entering any new positions - I feel from now...

Trade_Journal

Before you get excited - Do you think the risk/reward at this current moment of time is a good place to buy now? Wow last time I had analysed bitcoin we was going 10k - go and check my last post on that! Technically: Broken out of wedge reached my target area of 161.8 Fib retracement my next target areas: 25k-27k - They are beautiful Fib areas!! But I won't...

Trade_Journal

It's a pair I've trading within the indices that I have had great return this yr - great momentum trend towards it and with Brexit drama going on too, it has has great volatility. Fun fact: When the first lock down occurred earlier this year in UK...A family relative was intrigued about me being a young trader - I had advised a distant family member to watch out...

Trade_Journal

Due to Brexit drama, GBP has given us great technical and fundamental trade ideas. Fundamentally, EU & UK - As normal aren't agreeing on much and we are cutting it fine on timing as the date of 15th October approaches near... Boris had announced perhaps a no deal Brexit wouldn't be as bad...Questionable thought it is...! But they could do a deal last minute,...

Trade_Journal

FTSE100 Weighted by various components, as well as that there was news that few companies from FTSE100 index will be removed and replaced. However, let's focus on technical aspects: We are within a range bound area for a while! Could look at it like bullish flag or a wedge/Triangle pattern (Be careful of fake break out). Which ever way this index breaks - I...

Trade_Journal

Key word right now that I want you to keep in mind - Inflationary. Why? That's the period we are going through, when this occurs you can tell metals rise, check out copper, gold, platinum ...the list is endless...! I can go on about various other instruments too. We could even go back to 60/70's Want to know further in depth what happened then - message me...

Trade_Journal

BUND I like to compare the currency euro with its bond market the bund. Why? Simply looking at the macroeconomic front of countries as we had strong PMI's this friday come out from European countries, bunds is focused to Germany which you could of took scalp or swing trade towards the positive outcome. Whilst looking at the fundamental aspects i'd reflect...

Trade_Journal

XCU Copper Great bullish momentum for months. Key Question - Could we head higher or go lower? We have a pattern with trend-lines to add confluence. Taking whichever way it breaks - Could add alerts or orders to make it easier. Don't forget to keep in mind USD. On the DXY we are a key area. This is just trade idea, not a recommendation...

Trade_Journal

I took a short at the areas at the top, it was looking very over extended. The line I always use and think when I analyse and my life philosophy - What goes up must come down - and vice versa. But the key question is - if we go below further the trend line up, and we have clear further declined I would short the further decline. However, we are at a key area and...

Trade_Journal

Copper - where I check is there risk on or off sentiment. Now Copper is an interesting currency technical wise, Will we get pull back as we've reached 161.8 Area. Whilst checking Copper, waiting for pull back before run up - perhaps check other commodities as well such as silver and gold. Long term perspective copper price seems optimistic. Now remember: This is...

Trade_Journal

Here's a clue: ****Longer time frame indicates shorter time frame movement!!***** Which way will it go, keep an eye on the break of this range or trade within this trade before it breaks out. Enjoy!