Daytrader21's Blog

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First Trade

Hi,
I've finally got into a trade but since I wasn't really paying any attention to the market I have forced my entry and got into a short EUR/USD position. I'll have to admit but this trade is more of a gamble since I wasn't making any sort of real Forex analysis. So far I didn't saw any real opportunity so this is not a trade that I would have normally taken but since we're already in the middle of the month I just had to take a trade.
Right now I'm not able to watch the market as I'm travelin…
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Forex Week Ahead

For the week ahead there should be some interesting opportunities I think that EUR/USD can see further upside in the short-term so in this regard I'll be looking to get on board to the upside. I also think the upcoming rally will be a great sell along the way as the long-term bearish trend is still in place and my own expectation are that EUR/USD will hit parity by the end of the year.
I'm also looking at cable but this thing is the beast and I think it will be dangerous to find a bottom and tha…
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EUR/USD Towards Parity

Lets wait and see if we can get this thing move towards parity. I know it's a long way down the road but at least we should expect EUR/USD move back down and we have a basic framework from where to start. First level of support comes at 1.0800 where price may see a pause before continuing back down.
The ultimate target that EUR/USD can reach this month can be 1.0500 big psychological number we should wait and see first how the economic data is because the NFP figures can give us more clues into …
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ECB on the Spotlight

If Mario can't move the euro no one cans, so lets hope he will put a stop to the current never ending ranging EUR/USD market. Let's be honest here EUR/USD has been a pain over the last few months as it has been moving back and forth. We still have to answer one important question on how EUR/USD will move based on whatever the monetary policy may be.
One thing I'm sure of is that they aren't going to expand their easing program at least not before Fed does a move first, with normalizing interest …
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Bimlesh avatar
Bimlesh 22 Oct

excellent bro.. that's a giant move you took this month...!

Daytrader21 avatar

Bimlesh Unfortunately I left on the table more than 250 pips on this moves. But with this market you never know what you may get so I wanted to look in the profits

Bimlesh avatar
Bimlesh 22 Oct

that's wonderful... we never no.. me too shifted to the 1min time frame..:)

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Bad Trade Management

Well, on my last trade, long EUR/USD instead of taking 100 pips profit I ended up taking only a fraction of that possible profits. Just after the inflation figures coming out worse than expected EUR/USD reacted to the upside as expected but the momentum was strong enough and in the following hour it started dropping hard and I decided to move my SL up and sure enough the market moved close enough just to stop me out and than move again higher.
Since there are only 2 weeks more left until the en…
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miriam1313 avatar

I´m sure, we will finished TOP 30.
Good Luck gentleman!!!

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EUR/USD Trade in Progress

Finally there is one trade that it goes as planed and it doesn't give me a lot of headaches. Right now my EUR/USD long trade is going as planed and I'm only 25 pips away from reaching my target. I think that we're still in a range and the market can easily turn back after it reaches the big figure 1.1500 which is a big psychological number. My target is just around that area ta 1.1470.
Best Regards,
Daytrader21
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Cable Short Again

I'm still waiting for my JPY trade to come to my levels before putting in on a trade but until than Cable caught my eye and I think there is a possibility for it to put a swing high in place so I decided to go short again as well as on EUR/USD. Let's hope that this time around it will go in my direction as so far my account balance has been moving back and forth without being able to make any profits but at the same time not losing any money either.
Best Regards,
Daytrader21
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Back at around BE

The bad part is that again I've manage to lose all my previous gains but the good part is that I'm still overall net positive on the month. Last two trades that I've took in EUR/USD and GBP/USD in which I had dollar long exposure turned out to be bad trades as both of this pairs have continued to climb higher. I thought that the FOMC minutes will boost the dollar but I was wrong, however I'm not quite sure what was so dovish about the Fed statement that the dollar couldn't rally.
Right now i'm b…
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bodyart23 avatar

Il ne faut jamais trader  pendant les  News ( FOMC-NFP)  C'est la méthode typique pour griller un compte . Après  c'est beaucoup mieux

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EUR/USD Stopped out

My calls on the Euro to go down where clearly wrong. I had two trades going on in EUR/USD which ended up as a loss of -35 pips and the other trade was on EURJPY which i managed to close it at 10 pips profit. Both of this two trades have gone against me but I was smart enough to realize that I'm wrong on them and I bailout on the first opportunity I had.
Right now I have another trade on GBP/USD but I'm not quite happy with the way it behaved during the London Open and beside that we have in abou…
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October Fx Market Outlook

In this article we’re going to look at both the technical setup as well as the fundamental themes that have been dictating the movements in the FX Market for the month of September and what’s going to drive the market forward in the coming month. The fact that we haven’t been able to see a rally in the equity market and a continuous decline in the US Dollar it tells us that something significant is happening, and that is a shift in the belief of monetary policy and its influences over the marke…
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