Trader Girl Forex Trades

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amytrade

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I've been trading forex for close to 3 years and do nightly analysis to give myself an edge and to focus on which pairs I feel will go up and which down.

If I feel a currency will be strong I find close support and look to buy there IF in real time its not too statistically weak. Reverse for shorts.

That being said I anticipate EURGBP, AUDJPY, EURJPY, AUDUSD, CADJPY, EURUSD,USDJPY, NZDJPY, and NZDUSD to go up or find support on mild pullback. I mainly trade these IF they stay above hourly 20 period simple moving avg and have strength. Reverse for shorts. I feel USDCAD, GBPJPY, GBPUSD, USDCHF and GBPCAD will most likely go down with the latter ones the weakest.


EUR/GBP Buy 0.9214 to .9200
AUD/JPY Buy 65.60 to 64.41
EUR/JPY Buy 127.39 to 127.00
AUD/USD Buy .6550 to .6543
CAD/JPY Buy 77.06 to 77.00
EUR/USD Buy 1.2907 to 1.2879
USD/JPY Sell 99.34 to 99.57
NZD/JPY Buy 51.78 to 51.50
NZD/USD Buy breakout of today's high and .5259 to .5250
USD/CAD Sell 1.2795 to 1.2800
GBP/JPY Lightly buy breakout of today's high and heavily short 138.00 breakdown!
GBP/USD Sell 1.4100 and aggressively 1.4131 to 1.4150
USD/CHF Lightly sell 1.1900 to 1.1923 and sell breakdown of 1.1800
GBP/CAD Sell 1.7900 to 1.7923 and breakdown under 1.7775
 
amytrade said:
Hi happy to be here. Too many MORONS over at Elite Trader. Hopefully here there can be real and constructive dialogue and sharing of ideas.
Click to expand...

I trade fx mainly eur/usd and my best friend swissy - but I am MORON :LOL::LOL::LOL:
 
Currencies I expect to be strong and want to buy on pullbacks

EUR/USD Buy 1.3317 to 1.3300 and aggressively at 1.3255
NZD/USD Buy .5400 to .5392 and aggressively at .5367
AUD/USD Buy .6700 to .6688
EUR/GBP Buy .9368 to .9342
GBP/USD Buy .1.4150 to 1.4088
EUR/JPY Buy 128.83
NZD/JPY Buy 51.00
AUD/JPY Sell 65.85 to 66.00


Currencies I expect to be weak and want to sell on rallys
GBP/JPY Sell 138.52
CAD/JPY Sell 77.50
USD/CAD Sell 1.2587 to 1.2624
USD/JPY Sell 97.50 to 97.66
USD/CHF Sell 1.1550 to 1.1600

Due to HUGE moves in many of these which haven't yet finished my levels may be off. Normally markets dead when I do this analysis.
 
Nice Stuff

Selling EUR/JPY from 129.61
Selling GBP/JPY from 141

Overall I'm long on most non USD pairs but very careful as to WHEN
Long against JPY
Long Against CHF

I'm long GBP/CAD at or near 1.68-72

:)
 
Great day today, I was right about 80%+ of directions. I underestimated how strong the GBP would be but my real time tools showed me it was often the strongest and got into this nice pullback trade here for close to 200 pips.

I'm doing analysis each night to give myself an edge and have currencies I expect to go up or down. Then if in real time a strong expected currency shows SIGNS of its strength by being above hourly MA, not showing weakness or significantly lower lows and real time trend tools I use show 80%+ strength then I'll buy pullbacks as I did here.

I took a lot of trades last night as USD weakness as expected continued yesterday's big moves.

I'd be VERY careful about buying USD! USD's weak and you should short it until there's signs of exhaustion. We're NOT there yet!!
 

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amytrade said:
Great day today, I was right about 80%+ of directions. I underestimated how strong the GBP would be but my real time tools showed me it was often the strongest and got into this nice pullback trade here for close to 200 pips.

I'm doing analysis each night to give myself an edge and have currencies I expect to go up or down. Then if in real time a strong expected currency shows SIGNS of its strength by being above hourly MA, not showing weakness or significantly lower lows and real time trend tools I use show 80%+ strength then I'll buy pullbacks as I did here.

I took a lot of trades last night as USD weakness as expected continued yesterday's big moves.

I'd be VERY careful about buying USD! USD's weak and you should short it until there's signs of exhaustion. We're NOT there yet!!
Click to expand...
Amy, let me know, pls, when your analysis starts to suggest the spanking of USD is over. I am short USD for fundamental macro reasons, but would be interesting to see what your technicals suggest.

I am also intending to look at entering some sort of short on SEK (next to go into QE, in my view) and then EUR, since I believe they will be dragged into QE sooner or later. Timing, though, is uncertain, so I am holding off for the moment.
 
Martinghoul said:
Amy, let me know, pls, when your analysis starts to suggest the spanking of USD is over. I am short USD for fundamental macro reasons, but would be interesting to see what your technicals suggest.
Click to expand...

I agree the USD got spanked today but I'm probably not going to consider any USD buys for at least another day although tomorrow my entry levels for buying EUR/USD and GBP/USD will be farther down from current price action than today's were.

I do analysis each night around 4pm to 6pm so will post what I think tomorrow's currencies to watch are then.
 
amytrade said:
I agree the USD got spanked today but I'm probably not going to consider any USD buys for at least another day although tomorrow my entry levels for buying EUR/USD and GBP/USD will be farther down from current price action than today's were.

I do analysis each night around 4pm to 6pm so will post what I think tomorrow's currencies to watch are then.
Click to expand...
Cool, thx...
 
Amy,

Can you say more about the "Power Index" that is at the base of your charts ?


Paul
 
fibonelli said:
Amy,

I'm also curious about the "Power Index"!
Click to expand...

I am also very curious for the power index!

I see the USD getting stronger during Monday and will be signalling from then. Intersting on some of the pairs you follow.
 
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Trader333 said:
Amy,
Can you say more about the "Power Index" that is at the base of your charts ?
Paul
Click to expand...

I primarily use two platforms, TopGun software which has the power index and InvestorRT. Power Index is simply the % of currencies that support a trade. I've found levels over 70% to be pretty bullish and they have the line accross top at 80% which is what they teach their traders.

Basically if 80% of EUR pairs are trending up and/or 80% of USD pairs trending down then thats why it would show 80%. It's a breadth indicator and lets me know when to avoid taking trades at my levels, when to bet bigger by trading larger and when to be more careful and/or CUT my trading size. That's primarily how I use it.

In my end of day analysis I also use it to get a feel for how strong/weak each pair was and to get an idea of how strong/weak I anticipate them being the next day.

I trade a few systems and on this forum mainly discussing my overnight prediction and directional bias as well as levels derived from Daily/Weekly/Monthly Highs/Lows, Previous Swings, Trendlines, Fibonacci Retracements and Extensions, Trend Channels, and 20,50, 200 day moving averages on Daily chart.

I also trade actively and scalp a lot although what used to be 10 pip moves is often now 20 to 30 pip scalps which may mean I can't call it scalping as these are nice sized moves using real time quote sheet sorted to show me strongest/weakest pairs.

I snapped this at 5:05am today and the trends were fantastic and almost all went in direction I predicted the night before.
 

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Here's tomorrow's analysis.

I feel GBPCAD, NZDUSD, USDCAD, GBPUSD, EURCAD are most likely to go up. Buy on retracements and pullbacks if trend is up and stays above hourly 20 period simple MA.

Weakest pairs I feel will be EURJPY, EURGBP, AUDJPY and CADJPY weakest. USDCHF could be weakest but I'm not totally convinced but will be watching it in real time.

GBP/CAD Buy 1.7800 to 1.7750 and breakout of 1.8018
NZD/USD Buy .5450 to .5440 and .5400
USD/CAD Lightly buy 1.2330 and 1.2200 aggressively. Sell 1.2542-1.2550
GBP/USD Buy 1.4330 to 1.4300 and 1.4221 to 1.4200 aggressively!
EUR/CAD If CAD is weak and EUR/GBP going up buy this on dips.
GBP/JPY Lightly sell 138.23 and aggressively 139.00
EUR/USD Sell 1.3850 to 1.3863 and aggressively 1.3940-1.3950!!
NZD/JPY Possible buy at 51.50 but if broken buy 51.00
AUD/USD If double top at today's high consider shorting .6950 and sell .7028 as this is extended and likely to reverse
USD/CHF If it can't get over 1.1400 ie double top sell this area otherwise 1.1500 to 1.1568 should be high to sell
USD/JPY Lightly sell 95.50 to 95.67 and then sell 96.13, 96.50 and 96.77
EUR/JPY Should find resistance at 130.25 to 130.50 but if broken sell 131.00
EUR/GBP
AUD/JPY Sell 65.81 to 66.00
CAD/JPY Sell 77.89 to 78.00
 
Due to my analysis I expect the NZD to be the strongest followed by USD, GBP, CAD and CHF and weakest pairs are JPY then EUR then AUD.

In all the systems I trade one thing I focus on is buying strongest pairs vs weakest and shorting weakest pairs vs strongest.

Here are the levels I'll be looking at to buy/sell.


USD/JPY Lightly buy 95.23 and aggressively 94.90 to 94.50
NZD/JPY Buy 53.00 to 52.74 and aggressively 52.50
GBP/JPY Buy 137.12 to 137.00
CAD/JPY Buy 76.62 to 76.50
USD/CHF Buy 1.1200 to 1.1180
AUD/JPY Buy 65.00 and 64.50
USD/CAD Buy 1.2330 to 1.2300
EUR/JPY Buy 129.00
GBP/CAD
NZD/USD Buy breakout of .5625 or sell breakdown of .5550
GBP/USD Sell 1.4600 and breakdown of 1.4400
EUR/CAD
EUR/GBP Sell .9450 and breakdown of .9381
AUD/USD Aggressively sell breakdown of .6850 and sell .6950
EUR/USD Aggressively sell breakdown of 1.3550 and 1.3700
 
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