About profitability here

Dec 20, 2017
37
1
8
Toronto, Ontario
#1
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.
 
Dec 20, 2017
37
1
8
Toronto, Ontario
#2
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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FXX

Well-known member
Oct 12, 2017
1,107
177
73
#3
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.
 
Likes: swissy
Dec 20, 2017
37
1
8
Toronto, Ontario
#4
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:)
 
Dec 20, 2017
37
1
8
Toronto, Ontario
#5
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.
 
Dec 20, 2017
37
1
8
Toronto, Ontario
#6
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.
 
Dec 20, 2017
37
1
8
Toronto, Ontario
#7
(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
 
Dec 20, 2017
37
1
8
Toronto, Ontario
#8
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
 

FPin

New member
Jan 5, 2018
9
1
3
#9
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.

View attachment 249166

Today my position of GbpUsd:
long. open: 1.35312; close: 1.35363; stop loss at: 1.35317(profit zone)
View attachment 249168
Hey. I also followed E/U this week. It seems that today the level of 1.19 was not missed. Did you trade today?
By the way, you showed a good result on G/U.
Is it possible to learn something about your strategy?
 
Dec 20, 2017
37
1
8
Toronto, Ontario
#10
The position of eur/usd remains unchanged near the level of 1.1910, which was a strong support during the last few days.
Today's news on the ECB (ECB Publishes Account of the Monetary Policy Meeting) may move the market from a temporary pause of 1.1910. Also, a little later, U.S. Producer Price Index in 8:30, gmt+5.
I do not think that the general picture has changed since the beginning of the week. As before, the market keeps a high probability of breaking through the support level and striving for 1.1715, but do not rush into selling, because if the PPI is lower, the dollar will weaken again.
As before, I see the possibility of reaching the level of 1.2088 if bullish.
 
Dec 20, 2017
37
1
8
Toronto, Ontario
#11
Hey. I also followed E/U this week. It seems that today the level of 1.19 was not missed. Did you trade today?
By the way, you showed a good result on G/U.
Is it possible to learn something about your strategy?
No, I didn't trade eur/usd last days. But have another trade gbp/usd.
5100.jpg
I think, yes, I can tell you general information about my trading. You can write me the message or email me kev8mur@gmail.com
 
Dec 20, 2017
37
1
8
Toronto, Ontario
#12
I watch how the EUR/USD is reaching for new heights. According to the rising trend, the next point of contact may be level 1.2771, which means not the most optimistic expectations for the Dollar.
Growth may be temporarily suspended for the next 1-2 days due to the impact of resistance 1.2300. The decline can be quite deep, and reach 50% of the growth since Dec. 10. Also, this decrease will mark testing of the rising trend support.
 

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Dec 20, 2017
37
1
8
Toronto, Ontario
#14
Yesterday I was trading short on eur/usd. The first time I could not make a profit, but the second time the price managed to capture my take profit. But at the same time, it's necessary to state the fact that I earned in conditions when I was not completely right. My support level was at the level of 1.2162, but now we see that probably the resistance level of 1.2323 will be achieved. At the moment, an upward trend was formed.

eus.jpg
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Dec 20, 2017
37
1
8
Toronto, Ontario
#15
Today I managed to get profit from fluctuations in the GBP/USD market. Volatility was not very high, but I decided to trade on the corrective movement down.
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But now, I'd like to assume that 1.4338 can be reached after some pause, but I'm not sure about strong breakout of this resistance level. So, it can be decline to 1.36110 again and back to trend direction movement.

In addition, I made one of the best profitable months. My profitability has reached 25.9%

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