Hello every one
Guess weekend is good.
A very quick look at the few trades with most obvious direction
1. i believe bitcoin had reached it's peak and ready for a downward movement(chart 1)
2. CHFJPY is a very good buy@current price and stop loss at 116.290(chart 2)
3.EUR/USD is ripe for sell off on a weekly chart but due diligence,pateince is surely needed here.(chart3)
4. USD/CAD is still in a downward drive is should treated as such,it just broke a very strong support downward.(chart4)


NB
This are just my personal thoughts on the above listed currency pairs,anything can happen so please use a stop loss that is appropriate for your account. Have a profitable week!

Some quotes from a master trader:ED SEKYOTA
1.“In order of importance to me are: 1) the long term trend, 2) the current chart pattern, and 3) picking a good spot to buy or sell.”
2.“If you can’t take a small loss, sooner or later you will take the mother of all losses.”
3.Markets are fundamentally volatile. No way around it. Your problem is not in the math. There is no math to get you out of having to experience uncertainty.”

Quote of the week


"Asking for someone’s trading system is like asking for someone’s wife.

Hey, I don’t really want to date and do the work in a relationship, can I just have your wife?"

harizonal123:
Quote of the week


"Asking for someone’s trading system is like asking for someone’s wife.

Hey, I don’t really want to date and do the work in a relationship, can I just have your wife?"

this one weak meoo

harizonal123:
Quote of the week


"Asking for someone’s trading system is like asking for someone’s wife.

Hey, I don’t really want to date and do the work in a relationship, can I just have your wife?"

very true as all of us have different traits and characteristics

harizonal123:
Quote of the week


"Asking for someone’s trading system is like asking for someone’s wife.

Hey, I don’t really want to date and do the work in a relationship, can I just have your wife?"

This cracked me up

KingPipmarshall:
EurJpy 4hr

EPISODE 11 of Premium Mark Ups Tonight.

We will be looking at last weeks set ups on how we caught the USD/JPY moves and GOLD.

We’ll also be looking at potential opportunities on EURJPY this upcoming week.

Premium Bells is inviting you to a scheduled Zoom meeting.

Topic: Premium Mark Ups

Join Zoom Meeting
https://us02web.zoom.us/j/3732207015?pwd=Uy83YXdFaGpLOVF3TVp2NXlwRXgyZz09

Meeting ID: 373 220 7015
Password: premium

I was thinking of adding one or two more but these are what I could come up with. I believe it addresses most concerns.

teemy:

In line with tradition, this is the 2020 thread for forex topics.

To a greater new year.

**********************************************************************************************************************

Thread Guidelines

1. These are not rules but merely recommendations which will do you and fellow thread members good to abide by.

2. There is a lot of money in the over 5 trillion dollars daily transactions forex market to be MADE and LOST. Study well before delving in.

3. Where there is money, there are scammers. Big money, big scammers. Take your time to watch what goes on before meeting someone by-the-side.

4. There are lots of experienced folks in here that are ever willing to answer your questions. Ask courteously and you will get the help you need.

5. It is not a race or about claiming to be better than others, there is always something you can gain from forumites as well as share with them.

6. Netiquette requires you show your worth before slamming the entire pages with adverts about your products. Your signature is good enough for this. If however you need to speak about your works, do so with verifiable proof. You need to be above board to show you are authentic.

7. Enjoy!

My trades for this week would depend on how EURUSD reacts around 1910/30. And also what Gold does around 1945/55 area.
Have a great week good people.

Seliing Gold 1972 SL 1979 tp open move to BE after 50pips could take profits around 1952 may go lower.
Would look to buy around 1945.

Gold Trade

Gold buystop @ 1975
Stoploss @ 1965

Target 1995

170pips up on Gold.

Selling EURUSD 1900 SL 1912 TP OPEN

saxy4c:
Seliing Gold 1972 SL 1979 tp open move to BE after 50pips could take profits around 1952 may go lower.
Would look to buy around 1945.

Adding a Gold sell 1959 SL 1964 tp for all 1940

saxy4c:
170pips up on Gold.

Selling EURUSD 1900 SL 1912 TP OPEN

Buying EurUsd.

Target 1.2 zone.

Buying EURAUD 6200 SL 6150 Tp open

Hmm

Thanks @saxy4c. The pips are coming through

saxy4c:
Adding a Gold sell 1959 SL 1964 tp for all 1940

if you can, Sell GbpUsd now 1.33370, SL @ 1.33785

CadJpy pending limit order. Sell @ 81.680. SL to be communicated when due.

waiting for todays close to buy USDRUB, too much of confluence is killing this pair for buy , but I pray she dosent rob me.

EURJPY hit 120pips Tp. Waiting for the right time and opportunity to sell.

saxy4c:
Buying CHFJPY 116.72 SL 20pips Tp 50pips.
EURJPY BUY

saxy4c:
EURJPY hit 120pips Tp. Waiting for the right time and opportunity to sell.

Was double bottom your entry on EURJPy? because I saw it yesterday, but I couldn't take it.

EURUSD

OneMillionBTC:
JUST BOUGHT GBPJPY

Doing well.

EURUSD, EURAUD
Looks like my experience in crypto trading can be translated to forex to an extent.

KingPipmarshall:
Buying EurUsd.

Target 1.2 zone.

Out

Benqozenero:
CadJpy pending limit order. Sell @ 81.680. SL to be communicated when due.

cancel this pending order.

Benqozenero:
if you can, Sell GbpUsd now 1.33370, SL @ 1.33785

out. sorry.

AK284:
Hello every one
Guess weekend is good.
A very quick look at the few trades with most obvious direction
1. i believe bitcoin had reached it's peak and ready for a downward movement(chart 1)
2. CHFJPY is a very good buy@current price and stop loss at 116.290(chart 2)
3.EUR/USD is ripe for sell off on a weekly chart but due diligence,pateince is surely needed here.(chart3)
4. USD/CAD is still in a downward drive is should treated as such,it just broke a very strong support downward.(chart4)


NB
This are just my personal thoughts on the above listed currency pairs,anything can happen so please use a stop loss that is appropriate for your account. Have a profitable week!

Some quotes from a master trader:ED SEKYOTA
1.“In order of importance to me are: 1) the long term trend, 2) the current chart pattern, and 3) picking a good spot to buy or sell.”
2.“If you can’t take a small loss, sooner or later you will take the mother of all losses.”
3.Markets are fundamentally volatile. No way around it. Your problem is not in the math. There is no math to get you out of having to experience uncertainty.”

chart1;Bitcoin trade still running right now at a loss.
chart2;CHFJPY closed with fat profit.
chart3;EURUSD stopped out.
chart4;USDCAD closed with fat profit.

No bro, it's the rejection of the channel bottom trendline.

Not a great trading day today, but we would recover InshaAllah.

Selling Gold 1972 SL 1977 TP 1952

Bornfool:


Was double bottom your entry on EURJPy? because I saw it yesterday, but I couldn't take it.

UsdJpy looks intresting.

saxy4c:
No bro, it's the rejection of the channel bottom trendline.

Not a great trading day today, but we would recover InshaAllah.

Selling Gold 1972 SL 1977 TP 1952

Thank bro