This week, there will be FOMC statement and funds rate decision on Wednesday (28-Jan).
Last week EUR had dropped to the low of 1.0970 and GBP to 1.4950 after the decision of ECB QE.
First, Swiss central bank decided to remove the EUR/CHF cap at 1.2000 and introduced negative interest rate of -0.75%. Now, the ECB introduced QE of 60billion euro per month till Sep 2016.
Missed out the chance to double/triple/quadruple the account after the QE decision. Will be waiting for next big central bank decision.
Tuesday, January 27, 2015
Monday, January 19, 2015
19 January 2015
This week, there will be GBP central bank rate decision on Wednesday (21-Jan) and EUR central bank rate decision on Thursday (22-Jan).
Last week EUR and GBP had continue to slide against USD, especially after Swiss central bank decided to remove the EUR/CHF cap at 1.2000. The wild swing didnt affect me, as I dont hold positions overnight :)
Last week EUR and GBP had continue to slide against USD, especially after Swiss central bank decided to remove the EUR/CHF cap at 1.2000. The wild swing didnt affect me, as I dont hold positions overnight :)
Monday, January 12, 2015
12 January 2015
After 2 weeks of break from Christmas to New Year holiday, I am back to trading again last week. Things nearly went horribly wrong after I broke the rule of no trading before London Open.
I have a target for 2015 and gotta hold on to the rules and work hard to achieve the target.
I will concentrate more on short-term trending pair to increase the chance of profitability.
This week, there will be no central bank rate decisions.
Last week EUR and GBP had continue to slide against USD.
I have a target for 2015 and gotta hold on to the rules and work hard to achieve the target.
I will concentrate more on short-term trending pair to increase the chance of profitability.
This week, there will be no central bank rate decisions.
Last week EUR and GBP had continue to slide against USD.
Tuesday, December 9, 2014
9 December 2014
This week, there will be no central bank rate decisions.
Yesterday was all about USD weakness. EU rebounded and closed near the high at 1.2310. Bias down. Sell on rallies. Follow flow.
Daily - Previous day candle formed a doji, below 8 lwma, RSI below 50.
H4 - Higher high, higher low, above 8 lwma, RSI above 50 (yesterday bullish divergence played out), above signal. W S1 1.2200, W P 1.2353, W R1 1.2436.
Yesterday GU rose and closed near the high at 1.5650. Bias down. A short trade was taken near W Pivot.
Daily - Previous day candle closed with a big white candle, below 8 lwma, RSI below 50.
H4 - Higher high, higher low, above 8 lwma, above signal, RSI above 50. W S1 1.5506, W P 1.5634, W S1 1.5700.
Yesterday was all about USD weakness. EU rebounded and closed near the high at 1.2310. Bias down. Sell on rallies. Follow flow.
Daily - Previous day candle formed a doji, below 8 lwma, RSI below 50.
H4 - Higher high, higher low, above 8 lwma, RSI above 50 (yesterday bullish divergence played out), above signal. W S1 1.2200, W P 1.2353, W R1 1.2436.
Yesterday GU rose and closed near the high at 1.5650. Bias down. A short trade was taken near W Pivot.
Daily - Previous day candle closed with a big white candle, below 8 lwma, RSI below 50.
H4 - Higher high, higher low, above 8 lwma, above signal, RSI above 50. W S1 1.5506, W P 1.5634, W S1 1.5700.
Monday, December 8, 2014
8 December 2014
This week, there will be no central bank rate decisions.
Last Friday EU closed the week at low near 1.2275 after strong NFP report. Bias down. Might bounce from support. Follow flow.
Daily - Previous day candle formed an engulfing bearish candle, below 8 lwma, RSI below 50.
H4 - Lower high, lower low, below 8 lwma, RSI below 50 (with bullish divergence), below signal. W S1 1.2200, W P 1.2353, W R1 1.2436.
Last Friday GU dropped to new low and closed near the low at 1.5565. Bias down.
Daily - Previous day candle closed with an engulfing bearish candle (3-bar reversal), below 8 lwma, RSI below 50.
H4 - Lower high, lower low, below 8 lwma, below signal, RSI below 30. W S1 1.5506, W P 1.5634, W S1 1.5700.
Last Friday EU closed the week at low near 1.2275 after strong NFP report. Bias down. Might bounce from support. Follow flow.
Daily - Previous day candle formed an engulfing bearish candle, below 8 lwma, RSI below 50.
H4 - Lower high, lower low, below 8 lwma, RSI below 50 (with bullish divergence), below signal. W S1 1.2200, W P 1.2353, W R1 1.2436.
Last Friday GU dropped to new low and closed near the low at 1.5565. Bias down.
Daily - Previous day candle closed with an engulfing bearish candle (3-bar reversal), below 8 lwma, RSI below 50.
H4 - Lower high, lower low, below 8 lwma, below signal, RSI below 30. W S1 1.5506, W P 1.5634, W S1 1.5700.
Thursday, November 27, 2014
27 November 2014
This week, there will be no central bank rate decisions, only US Prem GDP (25th Nov, Tuesday) and OPEC meeting (27th Nov, Thursday).
Yesterday EU rose from W Pivot 1.2454 to W R1 1.2533 and was rejected off W R1. Might fall from resistance played out. No bias. Might bounce from support.
Daily - Previous day candle formed a white candle, above 8 lwma, RSI above 50.
H4 - Higher high, higher low, above 8 lwma, RSI above 50, above signal. W S1 1.2308, W P 1.2454, W R1 1.2533.
Yesterday GU broke W R1 1.5729 and rose to the high of W R2 1.5806 before closing near the high. Bias up played out. Buy on dips.
Daily - Previous day candle closed with a big white candle, above 8 lwma, RSI above 50.
H4 - Higher high, Higher low, above 8 lwma, above signal, RSI above 70. W R1 1.5729, W R2 1.5806, W R3 1.5876.
Yesterday EU rose from W Pivot 1.2454 to W R1 1.2533 and was rejected off W R1. Might fall from resistance played out. No bias. Might bounce from support.
Daily - Previous day candle formed a white candle, above 8 lwma, RSI above 50.
H4 - Higher high, higher low, above 8 lwma, RSI above 50, above signal. W S1 1.2308, W P 1.2454, W R1 1.2533.
Yesterday GU broke W R1 1.5729 and rose to the high of W R2 1.5806 before closing near the high. Bias up played out. Buy on dips.
Daily - Previous day candle closed with a big white candle, above 8 lwma, RSI above 50.
H4 - Higher high, Higher low, above 8 lwma, above signal, RSI above 70. W R1 1.5729, W R2 1.5806, W R3 1.5876.
Wednesday, November 26, 2014
26 November 2014
This week, there will be no central bank rate decisions, only US Prem GDP (25th Nov, Tuesday) and OPEC meeting (27th Nov, Thursday).
Yesterday EU rose to close near the high of 1.2490. No bias. Might fall from resistance.
Daily - Previous day candle formed a hammer, below 8 lwma, RSI below 50.
H4 - Higher high, higher low, above 8 lwma, RSI above 50, above signal. W S1 1.2308, W P 1.2454, W R1 1.2533.
Yesterday GU rose to the high of W R1 1.5729 from W P 1.5659 before closing near the high. Bias up. Buy on dips.
Daily - Previous day candle closed with a doji with long lower wick, above 8 lwma, RSI below 50.
H4 - Higher high, Higher low, above 8 lwma, above signal, RSI above 50. W S1 1.5582, W P 1.5659, W R1 1.5729.
Yesterday EU rose to close near the high of 1.2490. No bias. Might fall from resistance.
Daily - Previous day candle formed a hammer, below 8 lwma, RSI below 50.
H4 - Higher high, higher low, above 8 lwma, RSI above 50, above signal. W S1 1.2308, W P 1.2454, W R1 1.2533.
Yesterday GU rose to the high of W R1 1.5729 from W P 1.5659 before closing near the high. Bias up. Buy on dips.
Daily - Previous day candle closed with a doji with long lower wick, above 8 lwma, RSI below 50.
H4 - Higher high, Higher low, above 8 lwma, above signal, RSI above 50. W S1 1.5582, W P 1.5659, W R1 1.5729.
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