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This is my trading result. in Pips.
NZDUSD and AUDUSD and GBPUSD more than 100 pips.
The TP is my final target, but I may close the profit trades to secure winning, even before TP reached.
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I am still agree with this EURUSD Sell, NZDUSD Sell and AUDUSD Sell and EURGBP Sell. I think this currency are still performing well for long term downtrend.
For GBPUSD now it is on double top. the last movement it might be a down movement, but still not confirmed yet. I may leave GBP a while
USDCAD was interrupted its bullishness after Bank Of Canada meeting. The strength of CAD has showed (Downtred of USDCAD), but still not confirm who will win if fought with USD. I will leave USDCAD aside at the moment.
I prefer to have currency with strong + weak combination, for the maximum outcome.
EURCAD might be one of the candidate. EUR Weak, and CAD Strong.
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GBPNZD Profit 267 pips in 13 hours
EURGBP profit 95 pips
EURUSD profit 54 pips
Forex Trading Strategies
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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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Reentry AUDUSD Sell at 0.7310
SL 0.7340
TP 0.6860
Continue enjoying USD Strength
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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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Today, before NFP (Non Farm Payroll), AUDUSD looks good.
Hopefully more pips a head.
I see some reversal possibility, so better I close all of my open trades, including CADJPY, AUDJPY, GBPNZD.I exit everything. Total it shows a good cash, so I just close them all. CADJPY has profit around 180 pips
And this is the last USDCHF, profit around 160 pips, and SL 30 pips. It is 160 / 30 = 5.33 R (Risk : Reward ratio). And it is 5.33 x 3% = 16%.
This will be one of my best trading.
USDCAD pending sell if the price can cross red trend line.
No trade yet, just waiting in H1 timeframe if it cross, then we will enter the trade.
USD Index in weekly charts are showing uptrend, and it breaks the “all time high”. Yesterday daily close is confirming that the up trend may continue in weeks. Forex Analysis.
The USD Index is related with USD currency. If it went up, the USD was getting stronger.
I do not trade USD Index.
So it means the strength may lead to EURUSD moving down, GBPUSD moving down, AUDUSD moving down NZDUSD moving down. And USDCAD will move up.
I do not see any trade signal yet in H4 within those currency. But there is signal in AUDUSD H1 and NZDUSD H1. You may look into it if you like to.
USDJPY is quite different because the JPY is stronger than USD. So the USDJPY is still moving down. The all time support will be 116. See if the price could break 116.
No trade yet according to trading system Fibonacci
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