Open trading account 
Since mid 2012 NZD/JPY has started to move in an healthy and sustained bullish trend(see Figure 1) which ultimately will have to retest the 2007 all time high. Usually this type of moves last anywhere between 3-5 years so that's the reason why we can expect current momentum and trend to continue as long as there is no major event to change the course of this trend. If we look on the weekly chart we can see that there is no resistance to stop the price from further advancing so it's wise to assum…
Daytrader21's Blog
Short EUR/AUD. Trade Explanation
Currency Pair: EUR/AUD
Side: Short
Amount: 5Mill
Time Frame: 1h
Open Price: 1.435257
Close Price: 1.43236
PnL: +29pips
Open date: 18.08.2014 16:32:20
Close Date: 18.08.2014 13:46:52
Reasons Behind the trade: This trade was based just on technicals alone and more precisely on the momentum pressure. After we established the 1.43420 and had a little bounce that fact that we didn't had any follow through made me consider taking this short. The main trend was also to the downside so in order to have …
Side: Short
Amount: 5Mill
Time Frame: 1h
Open Price: 1.435257
Close Price: 1.43236
PnL: +29pips
Open date: 18.08.2014 16:32:20
Close Date: 18.08.2014 13:46:52
Reasons Behind the trade: This trade was based just on technicals alone and more precisely on the momentum pressure. After we established the 1.43420 and had a little bounce that fact that we didn't had any follow through made me consider taking this short. The main trend was also to the downside so in order to have …
Join Today's Webinar with Daytrader21
Hi guys,
If you don't know how to trade ERU/USD in coming months and you're lost in current ongoing consolidation environment, and wanna hear my own view join me at 8:30 GMT time (9:30 London Time) at today's webinar. Main topic of today's webinar would be: EUR/USD Trend versus Consolidation.
In this webinar I'm going to outline how to trade safely EUR/USD in coming months. Main topics of this webinar would be as follow:
- EUR/USD Technical Analysis;
EUR/USD Bearish Trend Ready to Start
I've posted this EUR/USD analysis at beginning of the week in the Technical Analysis contest, you can find it here: EUR/USD Bearish Trend Ready to Start If you're following my blog post you should have know that I'm short this pair since beginning of the year and since I've posted this analysis the pair has already started moving to the downside. but right now we're at an important trend line which can temporary hold the fall in EUR/USD but in the end I see a breakout to the downside.
In the las…
In the las…
EUR/AUD - Trading With the Trend
Yesterday I've got in a long EUR/AUD position which I had to mange according to current market conditions. If you have been reading my blog you should know by now the importance of trading in the direction of the trend. I want to emphasize this: that no market is to high to be bought or to low to be sold. When trading with the trend you have the momentum going with you, and even though the market starts moving against you by having the momentum on your side you'll find that more often than not t…
Aussie - Why I was shorting AUD/USD
You may be asking yourself why I've been shorting AUD/USD near the low. Many people wrongly assume that if a market has gone done "to much" and for a long period of time, the market must reverse. Well that's not reason enough for you to assume the current down move is over, we have to look at facts rather than personal opinions. Trading in the direction of the trend is much more easier than fighting the trend. Although I already posted some fundamentals reasons behind the current aussi…