Dear All, If you followed the trade recommendation for the USDSGD trade on the daily chart that I would like to recommend to also put your stop at break even on this pair to take away the risk on this trade. Note also that you should always know if you are trading in direction of…

Dear All, Today I thought to make a follow up of some trade recommendations that were mentioned yesterday and some days before. Please keep in mind that most traders asked me to use the daily charts for explanations so that they can follow the markets more at ease. Remember also that if you manage to…

Dear all, Price has been moving below the cloud therefore any bullish trades / biases have been invalidated. Now we should only be thinking to short from below the cloud. The indicators seen on the chart Macd´s and a slow stochastic are also pointing down. I am a trader that tries to take losses as…

Dear all, This gbpaud dollar chart shows a live trade. It has the purpose to show where a trader might put his stop loss and why the trade was taken. We would be always better of to trade in direction of the trend and a trend may be trending for quite some time. Please consider…

Dear Traders, I chose this chart today to ilustrade how it can be useful to follow price with some simple lines. This has to do with the fact that I believe that trading should be as simple as possible to avoid analysis paralysis. Sometimes we might complicate things and would be better of to let…

This usdtry daily chart has the purpose to show you that price is at daily resistance. It is already moving sideways for six days now. The stochs seems to be wanting to come down. If price moves below the cloud or prints a double top or a bearish 123 pattern then I might be inclined…

Dear all, Hoping that everyone is alright let me give you the following feedback. Most traders concentrate on the entries the most when trying to understand the market. It is nevertheless proven that traders have when being trend followers the problem of  letting profits run. Therefore I thought I show a live trade on this…

Price is moving inside a symmetrical triangle. The upper and lower boundaries have been tested twice now and price needs still to break out for a clear direction. If you have not initiated a short position at the upper boundary then I recommend to wait for an outbreak for confirmation of direction. If price breaks…

Price is at the 1.57500 resistance level. The close of this candle will be very important to see if price closes over or below the area. If the stochastik stays over the 80% level then that is an indication that price is in a trending mode possibly heading higher. If it turns after the candle…

Price printed a 123 price pattern on this eurusd daily chart. Note the last candle that was provided on Fridays  NFP with the lower wick and closing at the top. Then we should also note a W pattern on the stochastic indicator which tends to be a bullish pattern. In this scenario I would only…

In my opinion price is at an interesting level. The stochastik suggest a bullish move where it will be intersting to see if it is just a retracement into the cloud or if the move has more strength for the bullish trend to resume. Fundamentally I prefer to be a bull on the pound due…

The eurusd currency pair has been moving sideways for a few days now. Price broke or is trying to break out of the ascending triangle. If it continues to print red candles then I expect it to go to the previous low marked by the two yellow lines. We would be trading in direction of…

The level that comes to my mind is the 9.2400. It proved to be a support level that could prove to turn out to be a higher low reversing the trend. This chart is quite similar to the eurusd daily chart providing us confluence of information making it therefore more likely to happen. If the…

On this chart for your analysis I posted the most important support and resistance zones on the usdjpy daily chart. You may see that price held at the previous resistance zone of 124.000 printed a nice upper wick and price came back down. If you would like to trade during this christmas week the I…

On this chart a long trade is suggested. We will take advantage of trading in direction of the 200 ma that acted as support on this pair and place a bullish trade to take the opportunity of the increase of todays interest rate. Like this we allign the technicals with the fundamentals. The stop loss…

Price has just touched the lower boundary of the lower range. A trade recommendation might to buy a lot in direction of the upper border. The range has been respected for so many days that we may take advantage of the taget of the upper range. The stop loss might be placed below yesterdays candle.

The first target at the 200 ma was already hit and price respected that level. MACD is rounding out and stochastic is at the 80 % level. The GBP is generally gaining strength against other pairs therefore I expect euro weakness against the pound. If the stochstik moves below the 80 % and breaches the…