Open trading account 
"The market can stay irrational longer than you can stay solvent" and this aphorism is more true than ever if you look at GBP/JPY. Since mid April this market has gone in straight line for 10 consecutive weeks posting the longest weekly green run since 1995. We didn't had 10 green weekly candle since 1995 when the yen hit a peak of under 80 yen per dollar. Taking in consideration this long stretch and the fact that this pair looked extreme overbought I was expecting to see some retracement a…
Daytrader21's Blog
Trades Recap
Since it's weekend I thought I have some more time to speak about the trades taken in the first week of the year. During this time period I have been focusing more my attention on the yen pairs as based on my analysis they should have entered in some type of correction mode, you can find more about my analysis on the YEN here: USD/JPY Elliott Wave Cycle Completed
Apart from that I took two small intraday position on USD/CAD and USD/SGD. The reason why this where not swing positions was because t…
Apart from that I took two small intraday position on USD/CAD and USD/SGD. The reason why this where not swing positions was because t…
Nikkei 225 Will Revive Yen Bearish Trend?
The Japanese stock market index Nikkei 225 is signaling that we may be on the verge of resuming current bullish trend (see Figure 1)and this may revive the Yen bearish trend.
If you're trading only the Forex Exchange market don't make the mistake of not watching others market for more clues, like the equity market or the Credit market which are having a big impact on forex exchange fluctuations. The world is much more complex and everything is interconnected so that's the reason why we'll have a…
If you're trading only the Forex Exchange market don't make the mistake of not watching others market for more clues, like the equity market or the Credit market which are having a big impact on forex exchange fluctuations. The world is much more complex and everything is interconnected so that's the reason why we'll have a…
Yen Pairs On The Move
The big risk event from recent session was BOJ rate decision, but it only was of big importance because market participants assumed that the BOJ would follow up with an upgrade of his stimulus program. The BOJ did nothing however the yen pairs were sold of in a strong fashion way but this only happened during the NY session.
What we saw with the yen movements was not a general risk aversion theme because the S&P500 and also the US dollar were not confirming this mo…
Figure 1. USD/JPY Daily Chart
What we saw with the yen movements was not a general risk aversion theme because the S&P500 and also the US dollar were not confirming this mo…