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Daniel's FX Trading

There is probably an issue with photo posts as they do not display in activity feed, so I will use this blog for that purpose ;)

I entered two trades today on GBPCAD and AUDCAD. The plan was to cover some previous days loosing trades and so I cashed in too early.

GBPCAD - long

 

AUDCAD - long

If you want to know more about the strategy used, you have to sign in and talk to any forexmospherian =)

Regards,

Daniel

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Daniel Stasziek - trading since 2009. If you want to start trading, I suggest you follow the general advice: "run very quickly, the other way."

Comments

  • CHFJPY below 110.65 would be a signal to short, but I don't like trading the CHF at this time of day so still sitting on hands for 3 hours already.

  • So I am in this USDCAD since morning, mby bad pair to enter at this time of day, but seen a signal, so entered. Mby some H&S against me will get printed, if so I will be out like a rocket.

    ?profile=RESIZE_710x

    • We headed into R, London open just behind the corner and so being very careful =)

    • Hopefully it stays above the green trendline. Otherwise, I smell the SL on BE will be hit or ISSL.

      ?profile=RESIZE_710x

       

  • Entered AUDCHF long at the daily high, hold onto your hat getlemen.

    spoiler: it refused the high quickly, but let's wait and see =))

  • It is exactly what I am thinking. Can we talk more about it? This is my website (Spam removed by admin, sorry bud but you can talk here!)

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"I figured this was a legitimate break, so I went on the hunt for evidence, so here in succession is the list of clues I used to make my decision:

Rejection of market and weekly pivot at ema confluence.

Complete and broken head and shoulders on 1hr time frame.

Broadening formation on daily with test and rejection of 200 day ma

Bull hinge on daily and Renko stochastic.

Positive momentum on 5min, 1hr, 4hr and daily chart"

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"Forex Market analysis relies on two types of analysis much like Stock Markets:

Technical Forex Market Analysis views the data on a chart and considers that the News and Data is built into the Price already (economic, political, social, sentimental and psychological). Various tools and indicators will be used by technical traders, for instance MACD, Bollinger Bands, Moving Averages and more.

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"When we are talking about sentiment it is very hard to say that this sentiment will prevail another 6, 9, 13 hours. Sentiment is not a constant line. Main trend is bearish, tech picture on daily is bearish, even intraday neutral. Nobody restrict to play long eur short usd position with the target at 1.12 or even 1.1361, this is every traders individual choice as always"

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