Forex : suggestions for main currencies

May 02, 2017 at 12:41
Vistas 708
15 Replies
Miembro desde Mar 29, 2013   posts 12
May 02, 2017 at 12:41
Forex, 1st may 2017 : suggestions for main currencies

Dear readers,
every financial market sessions of Sidney, Tokyo, London and New York, I watch volatility and direction parameters analyzed on the forex pairs taking advantage of correlations between the majors world's currencies :

AUD , CAD, EUR , GBP , JPY , USD .
 
For the next hours, I prefer long setups on Great Britain Pound and Euro versus short on Canadian Dollar and Japanese Yen

I recommend to those who want to follow my indications, to operate by their own strategy and be careful, considering the erratic price movements due to economic calendar news, and plan every trade with suitable risk/reward ratio as allowed by the available capital balance and working time.

Thanks and good job.
Miembro desde Apr 11, 2017   posts 6
May 04, 2017 at 14:41
very good point - always beware the economic news. Especially NFP on Friday
Miembro desde Dec 22, 2016   posts 18
May 05, 2017 at 06:41
Yeah that's a good pair dear, I hope this news will help you: https://www.funds-money.com/sterling-remains-steady/ as I have read that the pound has held below seven-month highs versus the dollar.
Miembro desde Feb 22, 2011   posts 4862
May 05, 2017 at 11:01
Suggestion:
stay away as todays and sundays news could market a lot
Miembro desde Dec 11, 2015   posts 1487
May 06, 2017 at 12:24
I hope you've taken into account the elections in France tomorrow. There will probably another big gap on most currency pairs when the market opens on Monday.
Miembro desde Apr 18, 2017   posts 45
May 18, 2017 at 07:13
Hello Andrea, I am interested to know more about your trading strategy! By the way, right now I am working with only EUR/USD, USD/JPY and EUR/JPY! Because, my personal trading strategy provides only good accuracy on these 3 trading pairs! Besides, now I am testing GBP/JPY and USD/CAD in demo with another trading strategy!
yumpikho
forex_trader_377400
Miembro desde Nov 18, 2016   posts 6
May 24, 2017 at 06:58
MeuLugar posted:
Hello Andrea, I am interested to know more about your trading strategy! By the way, right now I am working with only EUR/USD, USD/JPY and EUR/JPY! Because, my personal trading strategy provides only good accuracy on these 3 trading pairs! Besides, now I am testing GBP/JPY and USD/CAD in demo with another trading strategy!
Why do not you write a private message? It looks like planned advertising.
Miembro desde Feb 22, 2011   posts 4862
May 24, 2017 at 13:45
MeuLugar posted:
Hello Andrea, I am interested to know more about your trading strategy! By the way, right now I am working with only EUR/USD, USD/JPY and EUR/JPY! Because, my personal trading strategy provides only good accuracy on these 3 trading pairs! Besides, now I am testing GBP/JPY and USD/CAD in demo with another trading strategy!

Why are you interested in following him? He has already lost half of his account.
Miembro desde Mar 29, 2013   posts 12
Jul 26, 2017 at 06:38
Dear readers,
at the end of New York market session, I analyze volatility (ATR) and trend (SMA) indicators on the majors forex pairs,
searching for the most profitable conditions to place a trade.
 
Yesterday GBPJPY price has closed at 145,75 with 0,68% of positive variation, so for today
I prefer long setups with stop loss over 144,30 area and take profit around 149,00.

I recommend to those who want to follow my indications, to operate by their own strategy and be careful, considering the erratic price movements due to economic calendar news, and plan every trade with suitable risk/reward ratio as allowed by the available capital balance and working time.

Thanks and good job.
Miembro desde Jul 27, 2017   posts 1
Jul 27, 2017 at 10:03
There is no single strategy that guarantees perfect entry and exit levels, but there are strategies that work better in different markets. If you can devise a series of strategies for different market types, and then recognize the type of market you are dealing in, you will be a long way towards becoming a good trader.
Miembro desde Jun 01, 2017   posts 13
Jul 27, 2017 at 11:44
How can you identify the type of market you are in? A trending market can become a ranging market quite quickly and then big losses could be made
Miembro desde Mar 29, 2013   posts 12
Jul 27, 2017 at 12:52
ForexTrader90 posted:
There is no single strategy that guarantees perfect entry and exit levels, but there are strategies that work better in different markets. If you can devise a series of strategies for different market types, and then recognize the type of market you are dealing in, you will be a long way towards becoming a good trader.

I agree with you and I am never sure whenever I place a trade if it will be a winner or a looser one.

By the way, after a bad period at the beginning of 2017, in the last june I have backtested several times my strategy for a 10 years period and the results of the amendments are satisfactory, so I have no more fear to run it.
Miembro desde Mar 29, 2013   posts 12
Jul 27, 2017 at 12:52
BrownTie posted:
How can you identify the type of market you are in? A trending market can become a ranging market quite quickly and then big losses could be made

I cannot be sure of the type of market, as you correctly say, but I trust my strategy and rules, and try to share my opinion with other traders, accepting their point of view and learning with them, on my mistakes.
Miembro desde Mar 29, 2013   posts 12
Aug 02, 2017 at 07:47
Forex , 2nd august 2017 : suggestions for main currencies

Dear readers,
at the end of New York market session, I analyze volatility (ATR) and trend (SMA) indicators on the majors forex pairs,
searching for the most profitable conditions to place a trade.
 
Yesterday GBPJPY price has closed at 145,76 with 0,04% of positive variation, so for today
I prefer long setups with stop loss over 144,30 area and take profit around 149,00.


Thanks and good job.

Archivos adjuntos:

Miembro desde Mar 29, 2013   posts 12
Aug 03, 2017 at 06:49
Forex , 3rd august 2017 : suggestions for main currencies

Dear readers,
at the end of New York market session, I analyze volatility (ATR) and trend (SMA) indicators on the majors forex pairs,
searching for the most profitable conditions to place a trade.
 
Yesterday GBPJPY price has closed at 146,40 with 0,47% of positive variation, so for today
I prefer long setups with stop loss over 145,00 area and take profit around 149,70.

I recommend to those who want to follow my indications, to operate by their own strategy and be careful, considering the erratic price movements due to economic calendar news, and plan every trade with suitable risk/reward ratio as allowed by the available capital balance and working time.

Thanks and good job.

Archivos adjuntos:

Miembro desde Mar 29, 2013   posts 12
Aug 04, 2017 at 11:33
Forex , 4th august 2017 : suggestions for main currencies

Dear readers,
at the end of New York market session, I analyze volatility (ATR) and trend (SMA) indicators on the majors forex pairs,
searching for the most profitable conditions to place a trade.
 
Yesterday GBPJPY price has closed at 144,45 with 1,35% of negative variation, so for today
I prefer short setups with stop loss over 146,00 area and take profit around 141,25.

I recommend to those who want to follow my indications, to operate by their own strategy and be careful, considering the erratic price movements due to economic calendar news, and plan every trade with suitable risk/reward ratio as allowed by the available capital balance and working time.

Thanks and good job.

Archivos adjuntos:

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