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EURUSD on a downtrend? 5th March 2018

Hi Traders,
Let's check out EURUSD where the are major election news from Italy.
I do see some hidden divergence where a down move is possible and extended.
Attached is the chart of EURUSD on the 1 hour chart.
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Are you bearish or bullish on the USD?

Hi traders,
I am back for now for this month of September. It is my birthday month too.
Okay NFP is going to happen in less than 50mins.
So far I believe USD is still in a major downtrend. NFP will confirm it.
So I am currently long GBPUSD and short USDJPY.
So let's see what happens later.
All the best to all traders for this month's contest and have a good weekend.
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verindur avatar
verindur 1 Сент.

Same as you. Long EURUSD but it came back where it started. But I am Closed on the Trade.

verindur avatar
verindur 1 Сент.

see928 avatar
see928 1 Сент.

Is okay...I'm bearish on USD for the medium term.

Thanks for the wish.

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Trading Psychology

Hi Traders,
Today is Saturday and there is no trading, but that won't stop me from sharing some pointers about trading.
First tip is your feelings have an immediate impact on your account equity.
What is that so? If you are sad, angry or even tired, it does affect your thinking skils and even make you take the opposite direction of what your system says. My tip is get some sleep, eat well and maybe have a walk. After a few hours only take a look at your chart and if there are any good setups, ta…
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GBPJPY bearish?

Hi Traders,
I been covering a few other JPY pairs in my previous blog posts.
Now I will blog about GBPJPY as it is 1 of the popular currency pairs.
My reluctance to short GBPJPY before this was I believe GBPUSD will go up to around 1.32 or 1.33.
So I was waiting for a better higher price before shorting GBPJPY.
Now at 145.76 ish I think it is a good price to go short for 100 to 150pips.
Stop loss will be mid 146.
Good luck to all traders!
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USD moved as expected!

Hi traders,
Great FOMC news yesterday!
EURUSD, GBPUSD, USDJPY, USDCAD moved as expected.
USD is having a massive sell off, not sure it will continue next month or a rebound is coming.
I'm expecting further movement today and please remember it is now near the end of the month.
Have a good trading day.
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