Metal_Mind's Blog

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First trade in a long time !

Hello fellow traders.
Its been a while since i have not participated in trader contest ,and actually it passed some months since i have not participated in any contests including my favourite one tehnical analysis.I finished collage and was a little busy with all the exams but now i am back.
From what it seem i didn t missed much . Only August become a very interesting month in terms of volatility and this Scotland independence situation has helped spice the volatility a little bit in what was a…
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Polinka avatar
Polinka 16 Sep.

Good luck!

JuliaBF avatar
JuliaBF 16 Sep.

good luck to u!

Daytrader21 avatar

Nice one!!

Metal_Mind avatar
Metal_Mind 16 Sep.

thanks guys

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EUR/AUR-Trade & Long Term Wiew

  • In this blog i would like to explain my EUR/AUD trade idea ,how i got it and what is my wiew on long term for this pair.The trade idea come to me as i was conducting my daily analysis . O spotted an great opportunity in what looks like an inverted head & shoulder pattern.It is quite far from the regular look of the pattern but still in my eyes is very viable.

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EUR/GBP-Bullish trend supported by falling wedge!

  • Charts: 4Hours, 1 Day.
  • Indicators: Fibonacci Retracements,CCI.
  • Prepared with :JForex 4.
  • Current Level :0.8265.
  1. EUR/GBP is in a channel down formation from 2009 followed by regular retracements.Last month the so called channel down has narrowed itself and now tend to look more and more like a falling wedge than a channel down.
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Alexana5 avatar
Alexana5 30 Mar.

Oh my,  Thank you for your analysis.

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Metal_Mind 21 Apr.

UPDATE 1: THe prediction looks good but there is a problem with the time scale. The price movement is a bit behind. By now i was expecting the bearish trend to reverse into a bullish sharp trend. Nevertheless the prediction  is in the books.

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Metal_Mind 30 Apr.

UPDATE 2: The deviation is 115 pips and could  be counted as wide counting that the target  settelemt is tomorow.

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Metal_Mind 30 Apr.

UPDATE 3 : Current price level  is 0.8218 which represents an 150 pips and over deviation. It looks like the deviation increased and with only one day to go this prediction could be busted.

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FINAL UPDATE Ș Deviation at settlement was over 175 pips from target,that beeing to far for a win.

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BULLISH START OF GBP/CAD FROM A 3 YEAR CONSOLIDATION

GBP/CAD started a bearish trend since mid 2005 and continue this bearish trend untill it reached its low on May 2010 as it can be seen in the image bellow.After that the trend started a consolidation period since May 2010 and is still in consolidation as we speak between the 1.52 level and the 1.64 level ,with 2 more strong attemptives to breach the 1.64 level,( in 2010 between July till November ,2011 August till October) ; and 2 attemptives to breach the 1.52 level ( in July 2011 & March 2013)…
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Ahmed4x avatar
Ahmed4x 10 July

well done +1

Atashi_Tada avatar

nice!

eliver avatar
eliver 31 July

i do not trade this pair,but on charts its looks nice.

Spyros avatar
Spyros 2 Aug.

Good long term analysis - short term bit inconclusive

NerinaMimica avatar

It is very accurate and a great analysis.

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