image

USD/JPY Discussion

Trading idea: Short EURNOK from current level. Stop loss around a couple of houndred pips above current high. This is an early entry as entry signal is not given yet. Fundamentals: Norway released poor fundamentals today. Weak oil price. Still room ...

Kroner Update (SEK, DKK, NOK)

As a point of reference, I post two other charts involving the JPY. The first is of CHFJPY. During two weeks, we se alot of arrows indicating bullish divergence. It takes a little time before the big move occurs. These arrows are not entry signals, ...

USD/JPY Discussion

USDJPY i believe will go up. JPY has lost a lot of ground to most currencies. Still showing weakness in my opinion. We might venture into price levels not seen for a long time. Who knows how the market will react if that happens... image

USD/JPY Discussion

Oouucch

AUD/JPY

Just checking the charts. Spotted this one. Went long. I have a feeling that the JPY is falling apart right now. image

AUD/JPY

Thanks for the advice. It is a way to do it as well. You spread the eggs. Also increasing the odds for picking the biggest mover as well. Still, I try to pick the 1-2 weakest counterpart currencies for the trade. As well as having a look at the ...

EUR/JPY

Need to back up the talk with action, that is placing money on the table . Still, I had a good feeling about the trade. All charts with pairs involving EUR, showed bullish signs for the EUR for me. I was considering opening long EUR position ...

EUR/JPY

The pair is currently testing the highs from January. Secured a little over 100 pips on the trade. Might be too tight with the stop... With a bigger account and bigger trades, this is the point where I would cash in part of the position. Setting the ...

EUR/JPY

Thanks. In this case it is understandable and probably a wise decision. I think most traders would be reluctant to buy at this level. A new higher high would be neccessary to make it worthwhile.

EUR/JPY

Thanks, the same to you

EUR/JPY

Entered a long position almost at the top. This is not something I normally would do. Still, I have good bullish signals for all EUR pairs. Also JPY is probably the weakest opponent for the EUR pairs I trade. Based on this I am betting on new highs ...

EUR/JPY

Secured 1600 pips on the EURNOK trade. It has moved 1931 pips at the most from the open of this week. image I didn`t take the USDNOK trade. It has moved 2077 pips at the most since open of this week. image

Kroner Update (SEK, DKK, NOK)

Trading ideas for the coming week: Long EURNOK and long USDNOK The oil price affects the Norwegian economy and the NOK. Below is a chart of Brent Crude. The price of this has weakened since the beginning of May. This week it also broke the 64 level ...

Kroner Update (SEK, DKK, NOK)

Trading idea for the coming week: short CADJPY. Possible entry area: 99.70-100.10. I will look for entry around the 100 level. Possible target area:98.40-98.30 Stop loss: Around the 100.30-100.50 area, dependant of the entry level. Chart below shows ...

CAD/JPY

Hi I would say a sensible SL is where you don`t risk no more than around 1 percent of your account. Also it is set at a price level/point where the direction of the market shows that you were wrong. Here it is okay to be stopped out. Still, don`t go ...

AUD/CHF

Below are the Aussie fundamentals for the coming week, information gathered from two different sources. image image This is the movers of the next week. The AUD weakened alot against the EUR and the CHF last week. The market might be expecting ...

My methods for trying to succeed in trading forex

My guess is that the current downtrend will continue atleast untill 0.7250 level. Here I have marked down support. This support level is not definite. I wouldn`t place buy limit orders at it. It could go as far down as 0.7175. My signals and logic ...

AUD/CHF

Well, the bears gave the bulls a real beating. I was accompanying the bear pack for part of the descending move. Left them way to early. image

AUD/CHF