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タグ・フィルター:  Market Trends
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NZDUSD FALLING!!

Trading concept:
Stochastic indicator and price action are the only indicators used.
When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.
When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also.
Same applies for when stochastic is below 20, the trend is bearish wit…
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Starting on a new week - adjusting my trading plan

My Trading plan for the coming week
  • There is little (important) data at the beginning of the week, then later on we get Gbp interest rate decision, but there is no change expected there. The lack of market moving data makes me think that the market will stay within a tight range the coming week, and probably follow the trend-in-place.
  • US data remains the strongest, and the shift in the forex market is now bullish Usd\
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