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
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:
NZD Unemployment report
GBP Interest rate
EUR Interest rate
CAD Ivey PMI
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
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…
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
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.
AUDCAD, CHFJPY, EURUSD, forex