Bischop's Blog

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2017-05-01

Hello everyone in the next month of the tournament.
Last month was weak for me. Twice I had to pull out a big drowdown account. But it succeeded.I keep my strategy from last month.I recommend:- LONG for AUD / NZD and AUD / CAD- LONG on USD / CHF, USD / CAD, USD / ZAR, USD / USD, USD / NOKRegards,
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2017-04-17

Hello,
Today I had a bad day. Before the weekend I had open pending long orders on pairs associated with the AUD currency ie AUDNZD, AUDCHF, AUDJPY, AUDCAD and AUDSGD. The plan was based on my stock market forecast, which I described on the blog on April 2. I'm sure it's still valid. Unfortunately the big spreed at the end of Friday and the start of the trade on Sunday caused that these positions opened in the wrong place and closed on SL. So I gave quite a lot of the money earned. Currently, I …
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2017-04-14

Hello,
Yesterday, I had a good day. I opened Long positions on pairs associated with the AUD currency ie AUDNZD, AUDCHF, AUDJPY, AUDCAD and AUDSGD. I could not open more J. The plan was based on my stock market forecast, which I described on the blog on April 2. This forecast is delayed two weeks, but it is still valid. Thanks to this I doubled the value of the account. Today on Friday the market is in a consolidation, side trend. I suspect that today nothing special will happen and I will have …
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2017-04-12

Hello,I was waiting for a correction for USD very long time. Finally, it started tonight (GMT+1). Unfortunately I was away so only two small items were open (Short on USDNOK and short on USDZAR). Short on USDPLN was closed during my departure. Someone has to work. Fortunately the drowdown was deleted. I anticipate the correction of the rapid fall of the USD on the Asian session to the lower edge of the Ichimoku cloud and in the morning (GMT+1) I will re-set the short positions in pairs of USD.…
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Bischop has taken 30th place in Trader Contest Mar 2017

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AUDNZD to bigfish

Since the beginning of 2014 the currency pair AUDNZD takes a broad consolidation of 1.05 - 1.13. Consolidation was broken out once in the period January - April 2015 reached at least 1,002. Then the course returned to the primary consolidation. In this way, it formed a perfect formation RGR (shoulder - head - shoulders). In June 2016 when I wrote about this forecast the course returned to the lower restriction of consolidation (1.05) and then he pierced it. The course fought this level until Feb…
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2017-04-02

Hello,
Last month was good for me. I was late with the start of the competition and I scored a big drowdown on the start. But then I tripled my account. To the top of the competition I did not get there. This month will also be good for me. There's no other way.
For the next few days I assume a decline in USD and gains on AUD and CAD,
I'm betting:
- short na USDCHF
- short na USDZAR
- short na USDPLN
- long na AUDNZD
- long na AUDUSD
- long na AUDCHF
- long na CADCHF Tomorrow I will describe wh…
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2016-06-16

Hello,
Unfortunately, I am given the body. I'm sorry my subscribers. Do not doubt me. I straighten it. The last days of this week is to me a waste of the whole profit generated in the first week of June. So drawdown from 500k to 60k account balance. Why do I owe? Stubbornness and belief in the correctness of the analysis. Unfortunately, most of my transactions is based on the AUD, JPY, ZAR which are traded in the Asian part of the day. And then I sleep. Sorry but I feel so good on the currenci…
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2016-06-13

Hello,
According to my promise I hold short positions on USD or USDZAR, USDNOK and USDPLN. Sorry USD fighting on BigFish, so my account changes to the plus and minus. But, unfortunately, more on the downside. I hold a long position on the NZD which is also in correction. I have one pending order - long AUDNZD. A risky move.
Regards,
Peter
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2016-06-12

Hello,
Last week was for me very angry. I lost a large part of the profit earned earlier. Large losses brought me AUDNZD, AUDUSD. I gave it all I got to gain USDZAR. I lost also the first position in the ranking. But I'll keep fighting.
Assumptions for next week:
We are in a key position on the USDIndex because we are inside Bigfish (94,53-94,89). We also stayed on a consolidated EMA 14, 21 and 34 on the D1. If USDIndex strikes over 95.21 we will have to deal with and further increases in USD. …
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