megajorko's Blog

Avatar

US dollar correction

Hello traders,
Today I was waiting for the big movements after the strong data in the morning.
We saw that USD depreciated a little bit but after the strong uptrend this probably is a small correction.
The big losers last week were the Turkish Lyra and the Canadian dollar.
Today they made significant correction so I am using this opportunity to return back to trend for GBP/CAD up and USD/TRY up
Let us hope this is not a downtrend starter which is possible but usually not in Mondays
Good luck to …
Read full story
Translate to Inglese Show original
oper inserire commenti
Avatar

Wednesday trading

Hello everybody,
Today I was not risking because I was prepared for some surprises.
I made 4 small bets on EURJPY long, GBPJPY long, USDCHF short and EURUSD long. I was sure that the dollar will show strength today, and had placed small profit target which was missed by only 1-2 pips. After all this was test with small margin, so I lost few hundreds on the contest. I was waiting the big move of CAD and missed it because had to go home and my tire was flat so I was fighting with it and missed m…
Read full story
Translate to Inglese Show original
ilonalt avatar
ilonalt 22 Ott

it was very smart decision :) not to take risk :)

oper inserire commenti
Avatar

Week start

Hello everybody,
The week starts as usual with up down movement setting the future trend direction. CAD and GBP show a strong appreciation opposite to dollar and yen. Euro is somewhere between. I am waiting to see first movements of USA opening session to place my orders, possibly on USDCAD (maybe long not sure yet). Also trying to research GBPUSD (direction is forming now so we must wait until 5-6 pm to see if it is south or north. I am very happy with the patterns dukascopy gives us it is so u…
Read full story
Translate to Inglese Show original
JuliaBF avatar
JuliaBF 20 Ott

thanks and good luck to you as well!

megajorko avatar

My latest analysis show that the JPY is depreciating, so I will be looking also for long on GBPJPY and EURJPY.
And just a small advice which I am giving to myself and also to novice traders: Don't hesitate to close on loss when you are sure you are wrong because the loss will only increase and you will catch yourself praying for miracle which more often don't come. The loss you can compensate later if it is smaller, also this loss is already not your money

oper inserire commenti
Avatar

Weekend thoughts

Hello traders and others
It is Saturday, the day you think what have you done this week and start thinking how to proceed next week. I have successfully guessed NOK, SEK and TRY with small result. Next week will start from Tuesday (because Monday as always is very tight range day if there are no surprises) when the china's GDP will have some (maybe small) impact. After this are Canada interest rate and then Norway's interest rate announcements on Wednesday and Thursday. I will try to bet on CAD …
Read full story
Translate to Inglese Show original
oper inserire commenti