May 2016 - Page 2 of 3 - Forex Trading Strategies

Published May 22, 2016

EURUSD Why it is downtrend

In Daily Chart EURUSD is showing a strong support at 1.1214. On last thursday it is a full below 1.1214 daily closed bar. Technically the strong support 1.1214 has broken. Price may go up a bit for correction.

No entry yet at the moment. The price may go up to 1.1250 / 1.1270.

However, the same movement like USDCAD (buy) and USDCHF (buy).

Other interesting currency is GBP, shows a very strange behavior even stronger than USD. GBPUSD will be a move up. I will not trade GBPUSD (buy) since I do not want to fight with USD. However the currency GBPNZD (buy), EURGBP (sell) might be a right candidate

Forex trading Strategies

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Published May 20, 2016

Exit all trades

It is better to close position. I have a couple of trades other than AUDUSD. It is USDCHF and USDCAD, both are making profit. The direction are still the same, but I am afraid correction may take place. So I exit all my trades.

This is how I exit a few trades

EURUSD direction is down. but the entry price might be at 1.11250 – 1.1270.

For me.. this week is profitable.. 🙂

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Published May 18, 2016

USDCHF Buy

Buy USDCHF at 9880
SL 9845
TP 1.0225 (Final)

See the progress…

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Published May 18, 2016

AUDUSD Movement

As I expect a broken of 7343, it is now.
So I take a SELL AUDUSD at 7237
SL 7267
TP 6860

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Published May 18, 2016

AUDUSD exit

I am expecting AUDUSD to break lower but after europe market near to close, it still can’t break 7724. I exit my position at the moment, exiting all of my open usd position.

Downward movement of AUDUSD is much slow. So better take profit.

IF tomorrow AUDUSD was continue moving down, then it’s OK. All decision must come with all consequences.

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Published May 18, 2016

AUDUSD re-entry opportunity

Reentry AUDUSD Sell at 0.7310
SL 0.7340
TP 0.6860

Continue enjoying USD Strength

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Published May 15, 2016

USD in strong trend

USD has shows its strength. This is my collection of USD currency.

AUDUSD I have take profit for more than 100 pips previously.

I re-enter AUDUSD at 7345 and hoping the TP will be 6859. Which is 400 pips away. Right now profit 74 pips. And it is risk free, means, if the price move up, the SL will protect it at break even. (Actually 3 pips profit rather than zero).

If you asked how much % is it, depends on my SL. my AUDUSD have only 30 pips SL. So 74 pips / 30 pips = 2.46
I am using risk 3% = so it is 2.46 x 3% = 7.4%.

The same my EURUSD profit 73 pips and my stop loss is the same 30 pips so it is around 7.4%

USDCAD 65 pips with my stop loss 40 pips = 4.87%

GBPUSD 31 pips with stop loss 40 pis = 2.3%

NZDUSD 15 pips with Stop loss 30 pips 1.5%

So total 23.4%

And I am still waiting for AUDUSD to be 400 pips winner ( I will review). I may change the target upon chart result in important support.

My Signal will not correct 100%. Just hope it can be as little as 50% win rate, and it is enough to conquer the forex market. As long as you take more pips when you win. This will make you profitable forex trader

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Published May 13, 2016