Tag: CHFJPY

Look at this currency pair, it’s the clearest of them all

Hey trader, how is your trading so far this week?

As you already know I make a list of the clearest currency pairs to trade each day…

I try to focus on those pairs that have clear S&R levels + clear swings…

I see it this way… Trading is a probabilities game right? Ok, So I try to put the probabilities on my favor on each aspect of trading:

  • Long term charts
  • Short term charts
  • How I manage my SL
  • Keep adding to my trade
  • Etc

So what I’m doing here is putting the probabilities on my favor, and I know the market might go against me once or twice, but at the end, the probabilities will do its job, and I’ll come ahead.

What do you think?

Anyway… Here is one of the clearest pairs to trade today!

CHFJPY, forex, signal

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2 possible entry signals

Bull bear market

This one would be my 3rd delivery… What do you think so far about my analyses and its format? I’ll appreciate your feedback!

If there is one thing that I’d lie you to learn from my analyses is that there is nothing better than adapting to the market condition.

Sometimes it might seem easier to try to guess what the market is likely to do, but its far better to wait for the market to make its first move, only then you make your move.

And if there was a second thing that I’d like you to get is that sometimes the market (a currency pair) is not tradable.

Forget about choosing to trade a currency pairs because of its spread, or because you feel more comfortable taking longs (or shorts), or because you have an hunch about that currency pair.

AUDCAD, CHFJPY, EURNZD, forex

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Here is what I’m going to trade today

forex analysis

This is my second delivery, please let me know what you think.

Disclaimer: There are just the pairs I’m going to trade (or looking for trades), this should not be taken as trade recommendations. If you doth agree with this, please stop reading and close this window.

Important fundamental announcements

First of all, I’d like to remind you that we’ve got plenty of important fundamental announcements later this week:

Tuesday:

NZD Unemployment report

Thursday:

GBP Interest rate
EUR Interest rate
CAD Ivey PMI

Friday:

USD Non-farm payrolls report
CAD Unemployment report

Of course there are more than these, but these are the ones I consider have the potential to move the market.

Ok, now lets get to some charts

CHFJPY, EURUSD, forex, USDCAD

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I’m currently looking for signals in these currency pairs

Hey traders, hope everything is great with your trading, life, etc…

Yesterday was a very complicated day for me, and this time not because of the market, but because I was very very very tired…

I ran a marathon (42 kms or 26.2 miles) on sunday. And oh boy, what an experience.

When I was at the 35th km, I was thinking to myself, why am I doing this? At this point in the race, every step is painful, its cold outside, etc.

But when I crossed the line, everything made sense, the satisfaction you feel at that moment is like nothing else, it would be like winning the most difficult trade ever…

I’ll show you a picture of me crossing the line on my next article…

Anyway, lets get to the market…

Forex Analysis

As you already know, every good trade starts with good analysis. It doesn’t matter what system you use, what timeframes you trade, the tools you use, etc.

CADCHF, CHFJPY, forex, GBPJPY

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Trading the EURUSD right now is a mistake, and here is why

euro

If you have been following me for a while you know that the first thing I do in the morning, before I place any trade is to look at the long term charts.

Not because I like to trade off the daily or the weekly charts, but because when the market swings on the long term charts make sense, you are most likely to see a move in the same direction on the short term charts.

So it’s not because I don’t like the EURUSD, but because right now, I dont see a clear condition.

That simple!

AUDCAD, CHFJPY, EURUSD, forex

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