Open trading account 
Going long on Eurusd for a run into the 1.14 where i'll then look for setups to go short for a long term trade. Reason being weekly over bought but the daily ain't showing any sign of going down without a fight with the bulls. keep your risk minimal and your stop loss intact
jacoblnrgn's Blog
NZDUSD analysis
Last week i took a buy trade on the NZD after the initial retracement because i missed the first swing after the AB-CD retracement down. But i was able to get 160 pips out of it. THe currency still looks interesting so i'll be looking into it this week as well.
The current picture looks tricky because the monthly and weekly timeframe is still buying and market just bouced off the 38% retracement on monthly timeframe while the daily showing a change in trend to buy and 4hours still holding the bu…
The current picture looks tricky because the monthly and weekly timeframe is still buying and market just bouced off the 38% retracement on monthly timeframe while the daily showing a change in trend to buy and 4hours still holding the bu…
800 pips banked on GBPUSD
Closed my long term position on the GBPUSD yesterday with an 800 pips on my GBP analysis which i posted a month ago. I believe we might be getting a retracement from here on out. It's better to be on the same side. Keeping your profit by not trading is also a good strategy to success in forex. Congratulations to all my followers!!! Happy pip fishing!
Trade updates
Taking half my profit at 100 pips on the GBPUSD and moving my stop loss to break even... A new count of profit days!
but on Nzdusd, i'm still at break even. I could have been stopped out but my stop loss was 100 points away from my entry because of the NZD news that came out positive this morning! I hope to be in profit here too by tomorrow! happy pip fishing and Peace out!
but on Nzdusd, i'm still at break even. I could have been stopped out but my stop loss was 100 points away from my entry because of the NZD news that came out positive this morning! I hope to be in profit here too by tomorrow! happy pip fishing and Peace out!
The unbelievable about GBPUSD
Trend is bearish here, but GBP is not at oversold. Right now market has reached strong support area, Yearly Pivot support 1 and major monthly Fib level. Monthly chart give us just single AB-CD pattern with nearest target at 0.618 extension – 1.3088. Currently 1.30-1.31 area looks unbelievable, but if we would suggest parity on EUR/USD and starting rate hiking cycle in US – why not? Still, this is very long-term picture and right now we’re mostly interested in reaction of the market on current su…
NZDUSD Technicals
The bounce off lows around 0.7175 appears to be hitting the wall at the 38.2% retracement level. The NZD/USD broke above the resistance at 0.7445, only to fail back through.
More cautious traders may wait for any breach of the recent low at 0.7314 before selling. However, I’m happy to lean on the stop loss level afforded by yesterday’s high at 0.7485, selling at current market prices with half of my original lot size and second half at a break of 0.7410 which is an aggressive way of trading an i…
More cautious traders may wait for any breach of the recent low at 0.7314 before selling. However, I’m happy to lean on the stop loss level afforded by yesterday’s high at 0.7485, selling at current market prices with half of my original lot size and second half at a break of 0.7410 which is an aggressive way of trading an i…
Going long on USDJPY
I went long on USDJPY at 118.50 which was a previous support and 61% fib level with sl at 117.9 and tp at 121.50.
I have believe that there will be more strength coming into the greenback in the coming days and we can see a retest of the december high
I have believe that there will be more strength coming into the greenback in the coming days and we can see a retest of the december high
Loss! part of the game
I made my first loss today after 10 days of straight profit... I was depressed because i thought i could go a month without any loss but then i remember that losing is part of the game. what matters most is that your profit outweighs your loss
Anyway, a 132% increase in equity after 6 days is more than enough
Anyway, a 132% increase in equity after 6 days is more than enough
Selling The EURGBP
For the past three months the EURGBP has been confined to a trading range between roughly .78 on the bottom side and .80. Again the bearish economic and political situations in Europe weigh heavily on the euro. But the European continent is Britain's biggest trading partner. What is bad for the euro is certainly not good for the pound. Consequently the pair remains range bound.
The bear news in the euro took the pair to .7815, and has currently bounced back to around the .7840 area.
Early tomorr…
The bear news in the euro took the pair to .7815, and has currently bounced back to around the .7840 area.
Early tomorr…
EURusd analysis
the e\u rebounded after holding above level at 1.2425 (61.8% Fibonacci retracement of 1.2359-1.2532), retaining bullishness.
In view of this, i am holding on to my long position entered at 1.2440. Only below 1.2425 (61.8% Fibonacci retracement of 1.2359-1.2532) and 1.2415 ( Daily support 1) would signal the rebound has ended. which could then result to a severe break down to 1.22 even area. First target at 1.26 even and final target at 1.267.
In view of this, i am holding on to my long position entered at 1.2440. Only below 1.2425 (61.8% Fibonacci retracement of 1.2359-1.2532) and 1.2415 ( Daily support 1) would signal the rebound has ended. which could then result to a severe break down to 1.22 even area. First target at 1.26 even and final target at 1.267.