Short'n'longs by Alex

Discussion in 'Trading Journals' started by Alexfx79, Oct 13, 2016.

  1. Alexfx79

    Alexfx79 Active Trader

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    The US dollar weakened significantly against other major currencies during the Asian session. In my opinion, there is an interesting technical picture on AUD/USD. Currency overcame the local support level (0.7225). I’m going to sell AUD/USD after the retest of this level. Potential movement - to 0.7195.
    [​IMG]
     
  2. Alexfx79

    Alexfx79 Active Trader

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    The GBP/USD currency pair has reached the local support level (1.2270) at the moment. I’ll look for longs on the Pound today. I’ll buy after the breakout and retest of the 1.2290 mark. Potential movement - to 1.2325.
    [​IMG]
     
  3. Alexfx79

    Alexfx79 Active Trader

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    An interesting technical picture has formed on EUR/USD. The Euro held the local resistance level (1.0485). We can speak of the power sellers at the moment. I plan to sell EUR/USD after the breakout and retest of the 1.0450 mark. Potential movement - to 1.0390.
    [​IMG]
     
  4. Alexfx79

    Alexfx79 Active Trader

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    I can identify the key support level (1.3405) on USD/CAD. The Canadian dollar tested this level for several times. I expects the growth of USD/CAD quotes. I’d buy after the breakout and retest of the 1.3440 local resistance level. Potential movement - to 1.3475.
    [​IMG]
     
  5. Alexfx79

    Alexfx79 Active Trader

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    AUD/USD is currently trading near the 0.7245 resistance level. I expect the development of an upward trend. I would buy AUD/USD after the breakout and retest of the 0.7245 resistance level. Potential movement - to 0.7290.
    [​IMG]
     
  6. Alexfx79

    Alexfx79 Active Trader

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    An interesting technical picture appeared on USD/JPY. The yen kept the 118.15-118.30 local offer area. I believe that a downward trend may develop soon. I plan to sell it, if the price consolidates below 117.85. Potential movement - to 117.30
    [​IMG]
     
  7. Alexfx79

    Alexfx79 Active Trader

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    GBP/USD kept the 1.2350-1.2380 proposal zone. We can speak of the power of sellers at the moment. I expect the development of the downward trend today. Short positions can be opened after the breakout and retest of local the 1.2305 support level. Potential movement - to 1.2265.
    [​IMG]
     
  8. Alexfx79

    Alexfx79 Active Trader

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    The Canadian dollar strengthened significantly against the US dollar over the past week (more than by 300 pips). The pair reached the 1.3275 support level at the moment. I expect the correction on USD/CAD. The divergence of the price and MACD histogram will be the confirming signal. I’ll buy USD/CAD if the price consolidates above the 1.3300 level. Potential movement - to 1.3360.
    [​IMG]
     
  9. Winjak

    Winjak Trader

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    Hey!
    Strange that no one hasn't commented it yet. You've posted quite good materials.
    Well, I'd be first to say something to you. and I want to note that some of your trades are similar to mine. It seems to me that we use practically the same means of technical analysis. I prefer M15/H1/H4 charts too if talking about short-time positions.
    It 'd be interesting for me to follow this thread.
     
  10. Alexfx79

    Alexfx79 Active Trader

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    The report on the US labor market will be published at 15.30 (GMT + 2: 00) today. I usually don’t trade during such days, but simply watch the market. I identified the following key levels:

    EUR/USD
    support - 1.0540, 1.0490
    resistance - 1.0615

    USD/JPY
    support - 115.30
    resistance - 116.35, 117.30, 118.15
    [​IMG]
     
  11. Alexfx79

    Alexfx79 Active Trader

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    I’m going to look how the currency pairs react to these levels and will trade on Monday. Wish you all good deals and profits! :)

    P. s. Yesterday's report from ADP points to the weakness of the US labor market. That’s why I think that today's data will be negative.
     
  12. Alexfx79

    Alexfx79 Active Trader

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    Thank you, Winjak!
    Glad that you find my work useful, I appreciate it greatly
     
  13. Alexfx79

    Alexfx79 Active Trader

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    The technical picture on EUR/USD is mixed at the moment. The currency kept the 1.0620 local resistance level. I’ll open positions after the breakout and retest of the key levels.
    If the price consolidates above $ 1.0620, I’ll buy EUR/USD. Potential movement – to 1.0675.
    If the price consolidates below $1.0575, I’ll sell EUR/USD. Potential movement - to 1.0520.
    [​IMG]
     
  14. Alexfx79

    Alexfx79 Active Trader

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    There was a downward trend on USD/CAD last week. The Canadian dollar held the 1.3275 mirror resistance level. I plan to open orders towards the current trend. I’ll sell USD/CAD after the breakout of the 1.3195 support level. Potential movement - to 1.3115.
    [​IMG]
     
  15. Alexfx79

    Alexfx79 Active Trader

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    The press conference of the US president J. Trump will be held at 18:00 (GMT) today. He’s going to talk about plans on the economy. The attention of financial markets is drawn to this event. I think we shouldn’t expect strong movements before the Trump’s speech. The results of the press conference can cause trend movements in the major currency pairs in the next few days.

    I identified the following key levels:
    EUR/USD
    Support: 1.0515, 1.0450
    Resistance: 1.0575, 1.0615

    USD/JPY
    Support: 115.30
    Resistance: 116.35, 117.30, 118.15

    I won’t trade today.
    [​IMG]
     
  16. Alexfx79

    Alexfx79 Active Trader

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    The US dollar is under pressure after the Trump’s conference.
    I’ll look for an entry point for opening long positions on EUR/USD. I’d buy after the breakout and retest of the 1.0645 mark. Potential movement - to 1.0690.
    [​IMG]
     
  17. Alexfx79

    Alexfx79 Active Trader

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    The yen significantly added to its price over the past few trading sessions. I plan to open deals towards the current trend. I’ll sell USD/JPY if the price consolidates below the 114.00 support level. Potential movement - to 113.50-113.25.
    [​IMG]
     
  18. Alexfx79

    Alexfx79 Active Trader

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    A mixed technical picture formed on the AUD/USD currency pair . The price is above the 50 MA and 200 MA; MACD histogram started to decline and fixed below the signal line. I identified the following key levels:
    support-0.7475
    resistance-0.7515

    I’ll buy if the price consolidates above 0.7515. Potential movement - to 0.7550-0.7575.

    I’ll sell, if the price consolidates below 0.7475. Potential movement - to 0.7430-0.7400.
    [​IMG]
     
  19. Alexfx79

    Alexfx79 Active Trader

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    I’m waiting for the development of the downward trend on USD/JPY. I will sell after the breakout and retest the 114.15 local support level.
    Take profit level will be set at 113.85.
    [​IMG]
     
  20. Alexfx79

    Alexfx79 Active Trader

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    The GBP/USD pair opened in the gap down more than by 175 points today. This happened due to the “hard Brexit” pressure. I’ll open transactions according the “gap” trading rules. I plan to buy after the breakout and retest of the 1.2055 mark. Potential movement - to 1.2120. The risk on this trading instrument will be reduced.
    [​IMG]
     

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