Singapore forex trader blog

Forex Trading Blog of an Aspiring Trader. Charts and Technical Analysis from a Forex Trader in Singapore. Pages Home Risk Management. Sunday, 17 June How to trade the Greek Elections. Best advice I can give - Don't trade. In the past month, the market has been in what seems like a perpetual downtrend with almost singapore single technicals blog and oversold conditions seen in many time frames.

But with the start of June, the first 2 weeks have given blog relief rallies in hope of good results from the elections notably from major risk currencies like AUDUSD and NZDUSD. One key reason for the rally could be short covering due to poor NFP numbers at the start of the month as it can be seen that AUDUSD bottomed out following the release of non farm payrolls.

While the NFP had the effect of forming a double bottom in the NZDUSD H4 time frame. Based on my technical analysis, it is presumably safe to long AUDUSD and NZDUSD while EURUSD remains stucked in a range. However, based on fundamentals, the only currency I would long would be AUDUSD but only for the short term. First, let's look at the technical picture forex each currency pair. As it is evident from the daily chart, 1. In the past week, price action has sought to break this resistance but to no avail which essentially puts us in a range as shown below.

Looking at the chart above, EURUSD has broken out of the downtrend by taking out the latest trader high of 1. What remains now is to watch the Greek elections and play forex breakout and retest. For the record, 1. Above this number could bring 1.

As AUDUSD makes lower low and lower high in it's downtrend, we can see that 0. With the break of this 40 pip range, we can safely say that the pair has bottomed out again following the NFP release.

Looking at H4, we can see something of a inverted Head and Shoulders formed with 0. Posted by Jay at Share to Twitter Share to Facebook Share to Pinterest. Wednesday, 30 May Lack of Update. Been really busy recently mostly reading charts and trader PA for EURUSD plus Skyrim! I have been intraday trading for the past 3 weeks and results have been pretty good.

Will forex posting a quick idea of my strategy during the weekend! Watch out for it! Monday, 21 May Swing Trading EURUSD and AUDUSD.

Just entered shorts for EURUSD and AUDUSD at 1. Unable to post any screenshots because I changed my workstation and this trader doesn't have Windows 7 installed on it so no snipping tool for now. While AUDUSD was held by a H1 trend line as a M5 posted a major rejection candlestick. Saturday, 19 May Quick Update.

Still in the midst of upgrading my rig, having some difficulties transferring my Trader 7 over as I don't have a spare OS to install on my laptop. Hopefully I would be okay by tomorrow or something, trader then be doing analysis of AUDUSD and NZDUSD.

Saturday, 5 May Summary of Week - April 30th to May 4th. I can't forex what I was busy with forex whole week but I didn't have the time or energy to write a post.

But Blog can blog take a break now and thought I should wipe the dust off this blog and write something. Something worth celebrating is the number pips that I had banked, up more than pips from the previous week. Mostly thanks to day trading EURUSD. Apart from that, I spotted several trades based on technicals forex the AUD was due for a weakening but I was skeptical of it and eventually exited those trade at break even before the high risk RBA rate announcement.

Spotted a bullish divergence and wanted to entered based on trend line and fib But the pair quickly rose on Monday in anticipation of the rate cut, completely missing my entry, I cancelled the order just before the announcement. Same as above, I spotted this trade on Monday following a break out from the falling trend line. But the first trading day couldn't get me any where near but Blog did get in after waiting almost 20 hours.

Oh well, like someone from Forex Blog told me - It's better singapore be wishing trader were in a trade than wishing you weren't! Following that I had several trades with EURUSD which were profitable, this pair was the singapore source of my profit this entire blog.

I was able to capture 30pips, 40pips, 27pips and 85pips respectively. My biggest mistake singapore week was not to take profit when I had. I took a long with EURJPY at Thankfully I was able to sit it through blog exited without loss on Thursday or else Friday NFP would have knocked me out. Singapore, I'm still holding a losing pair in NZDCAD as I have a long from 0. I'm forex attempting to break even at 0. When I discovered that I entered the trade based on a analysis mistake, it was already too late singapore I decided to slowly scale out and average down my entry price.

I apologise for not updating this week and almost the quality of this post as I can't really think straight right now, still feeling restless because I missed my leg day at the singapore. I'll probably have a look at the charts again tomorrow and look at EURUSD. Til then, keep around and be sure to follow! Monday, 30 April First Intraday. I managed to catch EURUSD at the tip of the rally at 1. Closed out at 1. Lost another 15pips in a AUDUSD long. Saturday, 28 April Analysis of AUDUSD.

This coming week will see the RBA's rate decision for the Australian Dollar. There are whispers of a rate cut from blog. Many analysts are suggesting that a 0. However, I remain bullish on the pair due to it's carry interest being the most lucrative. Forex the past 2 weeks singapore have attempted to breach 1. I drew up this chart based on H4 support and resistance. The blue line of 1. Next resistance the green line at 1.

The next resistance of 1. Now, singapore there is no rate cut, I'm expecting price to rally to 1. Should there be a rate trader, a bigger than expected cut at 0. Just my 2 cents, I would hold and wait for the rate decision to decide on a long or short considering that the rally yesterday was not without volume, suggesting that it's not merely a short squeeze but could be a pump trader dump.

About Me Jay An aspiring Forex trader looking to trade with proper money management and mentality. Trade the forex, not your feelings View my complete trader. There was an error in this gadget.

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