Блог Daytrader21
Cable Fractal Map. Trade Explanation
In today's blog post I want to take the time and talk about my recent trade which was long GBP/USD. This trade was based on a market model or you can call it a fractal pattern (see Figure 1) that cable has been following since the start of the sell off from 2014 highs. Now, even though I got out of this trade relative fast the upside momentum should prevail if we take in consideration the seasonality cycles of GBP/USD which has the tendencies to strengthen during the summer time period and post …
Cable Strong Seasonality Pattern
Cable is also showing a strong seasonal pattern to bottom during summer time(see Figure 1). We can see that this pattern is quite strong and the general strength caries on all the way through July until August comes in and where we have another strong seasonality pattern. Don't forget never use this information alone but instead use the technical tools to confirm this ideas or not, so we're going to look at technicals as well.
Figure 1. British Pound Seas
… Cable + 93 Pips Profit. Trade Explanation
In today's blog post I want to take the time and talk about my last trade which was long GBP/USD. Since beginning of this month you could have seen me talking in details about all my trades in my blog and I hope this will give you a perspective on the reason and why I've decided to take that particular trade.
This trade is a particular setup that I usually take during London open when the market starts moving strong in one direction and than it quickly reverse, so you have to fade that quick mov…
This trade is a particular setup that I usually take during London open when the market starts moving strong in one direction and than it quickly reverse, so you have to fade that quick mov…
Preparing The Week Ahead
The coming week is going to be more important than you may think, not only because there are many risk events on the doc that can spur volatility but also because it can mark the turn in the equity market. Don't call me wrong because I'm not calling a crash just a major correction. Since this can be a major topic on itself I'm not going to talk about it here as there are many details that need to be covered. However I'm just going to give you a major hint and I would recommend to watch ES react…
Quick Review GBP/JPY Trade
In today's blog post I would like to give a quick review of one of my latest trades which was short GBP/JPY(see Figure 1). The whole premise behind this trade was a broken support which was pointing to further downside movement. Not to mention that once cable has broke the key support level of 1.5000 which is a very big round number, would send a strong signal across the board that GBP is very weak. This was a very quick trade as weekend was approaching I was not having enough margin left to hol…
GBPUSD Fractal Map
Cable's price action looks quite familiar and it's a fractal of the 1992-2000 price action (see Figure 1). We can see that the massive sell off in the 90's resemble the sell off that we had in 2007-2008 and going forward both sell offs have seen a 66 months retracement. Not only that the price action looks similar but also time wise this fractal looks similar. This fractal will suggest that eventually we'll have to see another major swing low below 1.3490 before the market to enter in the next p…
GBP/USD Fractal Map
Cable's price action looks quite familiar and it's a fractal of the 1992-2000 price action (see Figure 1). We can see that the massive sell off in the 90's resemble the sell off that we had in 2007-2008 and going forward both sell offs have seen a 66 months retracement. Not only that the price action looks similar but also time wise this fractal looks similar. This fractal will suggest that eventually we'll have
to see another major swing low below 1.3490 before the market to enter in the next p…
to see another major swing low below 1.3490 before the market to enter in the next p…
Cable update
I've been bullish on cable since last year I haven't changed my opinion and will not change it for a while now, until the market will prove me wrong I'm going to stay on the long side. But that doesn't mean there will be no selling opportunities, quite the opposite you will see that as we're going to move upwards there will be plenty of pullbacks where you can make money.
If you have been trading for a while you will noticed that GBPUSD has a unique behaviour a…
- Figure 1. GBP/USD Forecast
If you have been trading for a while you will noticed that GBPUSD has a unique behaviour a…
BOE Inflation Report, Cable Analysis
Last time I've been spoken about Cable we where trading near 1.6260 support level and an important pivotal point and and that moment I was making the point that cable should rally from those levels back up, and it did, but you may be asking yourself what's next with cable? You can check out my blog post here: Clash of the Titans - BOE vs ECB
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2014 FX Market Outlook - AUD (part 3)
Although for the current contest month I'm out I'm still going to try to bring back my account at BE after suffering 80% loss in the first trading day, and this mean that I should make 400% to bring back my account to 100k, but I'm a fighter and never give up. So, I'm still going to make blogging as I really enjoy it so I'm going to continue with my 2014 FX Market Outlook blog series. This time we're going to look at Cable, you can see check my previous blog post here: …