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Quick Scalp on GBPUSD

Daytrader21 Posted 28 Oct.  in #Trader's blog #Gbpusd
So far this week I've only managed to take a quick scalp on GBP/USD which netted me around 30 pips in profit. The reason why I've took this short scalp was mainly based on the fact that market expectation was very pessimistic about the UK growth prospect and I was expecting weaker UK GDP as well.
Since I was trading around big volatility market event I wanted to play defensively and us such I tool the profits right away after the release of the UK GDP figure. We weren't able to break below previ…
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Joe_Vulcan 28 Oct.

Made around the same trade too.  Max in-time...5 minutes.

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Daytrader21 28 Oct.

Joe_Vulcan Too bad we didn't get to much follow thorough. Anyway cable is one of the hardest pair to trade out there.

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Joe_Vulcan 28 Oct.

Oh yea, I'm eyeing a quick one (long) over 1.53092. If it crosses the cntre pivot, then it's smooth sailing...

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Cable Short Again

Daytrader21 Posted 12 Oct.  in #Trader's blog #Eurusd #Gbpusd
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

Daytrader21 Posted 9 Oct.  in #Trader's blog #Eurusd #Gbpusd #Fomc
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 9 Oct.

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

Daytrader21 Posted 8 Oct.  in #Trader's blog #Eurusd #Gbpusd #Eurjpy
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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Taking Some Losses

Daytrader21 Posted 8 July  in #Trader's blog #Gbpusd #Nzdusd
Both of my trades long GBP/USD and NZD/USD have not worked out that well. If at one point my account balance was standing at 150k now it stands at around 85k. On cable I was at one point 70 pips in profits but I ended up losing around 15 pips on that trade as the market reversed with the broad based dollar strength across the board.
Right now I'll be waiting for another opportunity to make some of the losses back.
Best Regards,
Daytrader21
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Jun FX Seasonal Cycle

Daytrader21 Posted 1 June  in #Trader's blog #Eurusd #Patterns #Gbpusd #Dollar Index #Usdcad #Seasonality
Since a new month has started, the best way to asserts the probability of where the market is likely to be heading in this month is for us to look at the seasonality patterns. The seasonality cycles will bring in a new dimension in which you can analyse the market. Seasonality are a predictable change in price that repeats every day, week, month, year at the same period in time.
You can find more details how this seasonal patterns affect the exchange rate and more importantly how to correctly us…
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Trading The UK Elections

Daytrader21 Posted 8 May  in #Trader's blog #Gbpusd #UK Elections #Seassonality #Election Cycle #Price Structure
Usually since today is NFP report I would have write about that but I'm not in the right mood, so instead of doing that I'll take the time and talk about my last trade which it happens to be long GBP/USD. At this point you may think: what a lucky guy I'm since cable shoots +300 pips to the upside. Well if you haven't read my blogs from this month you probably have no idea that I have the innate ability to turn every great trading idea into something that is really frustrating.
My account balance…
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GBPUSD Fractal Map Part 2

Daytrader21 Posted 30 Apr. as Analysis on GBP/USD, Target: 1.5195, Date: 1st of June, 12:00 GMT  in #Technical analysis #GBP/USD #Gbpusd #Retracement #Fractal
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…
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Daytrader21 1 June

Update 6: The market has already broke down to new lows, breaking below last week low of 1.5235. And now we're only 9 pips away from my target to be reach. The 1.5200 is a round number and it's key to break below it. My forecast of 1.5195 is just 5 pips way from the round number and since there are left 2h more until the deadline with the momentum pressing down, there is a change we're going to get even closer to my target

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foreignexchange 1 June

Using that scale chart and have this accuracy ...... Great : )

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foreignexchange 1 June

Congratulation : )

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Daytrader21 1 June

Update 7: At the deadline I had approximately 23 pips deviation, and now 5 minutes after the deadline I'm only 7 pips deviation this is really crazy.

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Daytrader21 1 June

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