About profitability here

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Old Jan 4, 2018, 12:54pm   #1
Joined Dec 2017
About profitability here

Greetings
This year started with good trade for me and I hope that yours too.
I had an idea to share with readers my concepts about trading and the results of these concepts. I know how hard it is to find the right approach to trading to find your style. Let my blog lead you to new useful thoughts.
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Old Jan 4, 2018, 1:01pm   #2
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Flash8 started this thread I hope for a stronger dollar this year. This idea is supported by the fact that thanks to the policy of raising the interest rate (Fed), the dollar can be supported by increasing investor interest in the USD. In addition, tax reform will affect the position of the dollar. I think that there will be a temporary strengthening of the dollar under its influence.
EUR/USD may also be influenced by the fact that the ECB will curtail the purchase of assets. That will probably strengthen the euro.

The situation on the EUR/USD market is quite evident. I have identified several levels that will probably be achieved if the dollar strengthens.
Level 1.20785 will be tested and this is the only barrier

If the dollar continues to fall and the Euro continues to strengthen, we will observe a minimum of 1.30 at EUR/USD, and this will be a significant signal to reach the level of 1.3870
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Old Jan 4, 2018, 2:35pm   #3
FXX
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watch out for wage numbers tomorrow - its all about wage growth and not about rate hikes or job numbers. The tax effect has an element of uncertainty around adding strength to the $ as firms will likely spend it on things that don't have an impact on the economy in the short term.
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Old Jan 4, 2018, 3:29pm   #4
Joined Dec 2017
Flash8 started this thread
Quote:
Originally Posted by FXX View Post
watch out for wage numbers tomorrow - its all about wage growth and not about rate hikes or job numbers. The tax effect has an element of uncertainty around adding strength to the $ as firms will likely spend it on things that don't have an impact on the economy in the short term.
Yes, of course this is true. I agree that the tax effect may be uncertain.
Tomorrow will be news (NFP, Unemployment Rate, Average Hourly Earnings, ect), and possibly the situation will be predefined.
Nevertheless, I'm trading E/U sell (from 1.20606 with 1.2004 t/p) now
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Old Jan 6, 2018, 11:39am   #5
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Flash8 started this thread screenshot-myfxbook.png
I traded EUR/USD this week and got the result (above). I had one stop loss, but I managed to finish the week with a profit.
Let's move on and see what will be next week.
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Old Jan 8, 2018, 10:01am   #6
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Flash8 started this thread To sum up, the news on Friday did not justify forecasts for the number of people employed, but there was a rise in wages and this is a positive aspect of Friday's news. After the release of employment news, EUR/USD returned to its initial position, thus closing the session on Friday was at 1.2041.

I would like to draw attention to EUR and GBP next week:


- January 10 Manufacturing Production in UK. Prognosis on the increase of this indicator suggests a forecast for GBP growth. GBP growth compared to USD will be a good continuation of the uptrend, possibly with testing level 1.3611. In support of the decline, we can assume that the price will decrease as part of the correction of the main uptrend to 1.33.
- January 11 ECB Publishes Account of Monetary Policy Meeting.


Undoubtedly, the market this week will also depend on indicators for USD, such as the Producer Price Index and data on retail trade in the US.
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Old Jan 8, 2018, 10:07am   #7
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Flash8 started this thread (EUR/USD) I still see the opportunity to fall. Now, there is a bearish movement within the main bullish trend. My forecast is reaching the level of 1.1906 and after that, the growth to the maximum of 1.2088. Probably breaking through the level of support for the bullish trend. In this case, there will be a rapid growth of the USD rate and support for EUR/USD will be the level 1.1548.

eu08.jpg
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Old Jan 9, 2018, 1:24pm   #8
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Flash8 started this thread I expect a breakdown at the level of 1.1906 and continuing to move down to positions 1.1715 and possibly 1.1552. I believe that the level of resistance at 1.2088 is putting too much pressure and will not give an opportunity for growth for EurUsd. If this price threshold is broken, then the growth may continue up to 1.28.

eu09.jpg

Today my position of GbpUsd:
long. open: 1.35312; close: 1.35363; stop loss at: 1.35317(profit zone)
5100.jpg
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