Since we last logged in to the order, EURUSD has not been performing to expectation.
Whatever the reason it's for the slow recovery of euro, we have to be prepared that in the event that the bad news have been taken care of, euro will shoot to the sky and many stop losses will be triggered.
GBPUSD made a strong move higher today after our entry yesterday at 1.55
The pair traded to a high of 1.57, moving up 200 pips, just shy of 100 pips from our target.
This week is a really boring week for me. Things are moving really slowly, not to my ideal expectation.
But stay cool. I always tell myself that whenever trades don't do as well as I wish.
Thursday, May 21, 2015
Tuesday, May 19, 2015
Euro got pounded ! Does it mean the Bears have won?
As a note of caution, do not be overly zealous when you see euro badly beaten up today.
Euro is not done with the upswing yet as far as i am concerned.
Last Friday, I advised against shorting the pair as I don't see a change in trend. Although I was out of the long trade for EURUSD, I did not short the pair as I wanted confirmation.
Nothing is lost if you didn't short it cos the market is always there for you.
In my opinion, hang on for a while more to have a clearer picture if we should go long or short.
I will review again and update you accordingly.
I am so happy to see usdcad rally today and yesterday cos I am about to short it in due time.
I have a ready trade as of yesterday for AUDUSD. As I told you to wait for confirmation, the time is about ripe. Let's hang on a little while before we hit the long button.
Cheers! We have no losing trade neither do we have any winning trade this week.
Let's be a little patient. Making money calls for the right moment. And not everyday is Xmas!
Euro is not done with the upswing yet as far as i am concerned.
Last Friday, I advised against shorting the pair as I don't see a change in trend. Although I was out of the long trade for EURUSD, I did not short the pair as I wanted confirmation.
Nothing is lost if you didn't short it cos the market is always there for you.
In my opinion, hang on for a while more to have a clearer picture if we should go long or short.
I will review again and update you accordingly.
I am so happy to see usdcad rally today and yesterday cos I am about to short it in due time.
I have a ready trade as of yesterday for AUDUSD. As I told you to wait for confirmation, the time is about ripe. Let's hang on a little while before we hit the long button.
Cheers! We have no losing trade neither do we have any winning trade this week.
Let's be a little patient. Making money calls for the right moment. And not everyday is Xmas!
Monday, May 18, 2015
SSE composite index update
SSE ended today at 4283.49, losing 0.58% following last week's correction.
As I have shared with you in my earlier blog, SSE index is unlikely to see a new high from here unless a healthy correction takes place.
I foresee the correction will take 3-5 months to play out, hitting a possible 3300-3600 region.
In the longer run, SSE is poised to go much higher.
This year will probably see more investors losing money than making positive gains.
Well, if your window of investment is in years, fret not.
As I have shared with you in my earlier blog, SSE index is unlikely to see a new high from here unless a healthy correction takes place.
I foresee the correction will take 3-5 months to play out, hitting a possible 3300-3600 region.
In the longer run, SSE is poised to go much higher.
This year will probably see more investors losing money than making positive gains.
Well, if your window of investment is in years, fret not.
New Trade coming real soon for AUDUSD
This pair has corrected over 3 days.
Currently, it's trading around 0.7990
This is a relatively ideal long call with a stop loss around 0.7885
Target for at least 0.8200
This is easily achievable in my opinion.
Wait for confirmation will be a better safeguard.
You may enter at a higher price but likewise, you will also place a stop loss at a higher level.
Good luck and make more money.
Currently, it's trading around 0.7990
This is a relatively ideal long call with a stop loss around 0.7885
Target for at least 0.8200
This is easily achievable in my opinion.
Wait for confirmation will be a better safeguard.
You may enter at a higher price but likewise, you will also place a stop loss at a higher level.
Good luck and make more money.
Saturday, May 16, 2015
Is USDJPY poised to move higher or is it preparing for a breakdown?
Current closing as of Friday is 119.327
Looking at the current price action, USDJPY is finding strong support around 119.00 region.
There is a high probability for the pair to move higher from this level come Monday opening trade.
Nevertheless, look out for a possible breakdown if the daily close is below 118.70.
Look out for signs of weakness in this pair and short it whenever it rallies to a strong resistance point.
Yen will strengthen in my opinion despite all the news about Japanese government's QEs.
The reality will set in soon and when the Bulls' party is over, the bears will start to lick their paws.
For the patient bears, the harvest is about time.
Cheers!
Looking at the current price action, USDJPY is finding strong support around 119.00 region.
There is a high probability for the pair to move higher from this level come Monday opening trade.
Nevertheless, look out for a possible breakdown if the daily close is below 118.70.
Look out for signs of weakness in this pair and short it whenever it rallies to a strong resistance point.
Yen will strengthen in my opinion despite all the news about Japanese government's QEs.
The reality will set in soon and when the Bulls' party is over, the bears will start to lick their paws.
For the patient bears, the harvest is about time.
Cheers!
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