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Primed Watchlist: expecting strong EUR & DAX and 4 other tradesHey good morning from Limassol! Gorgoeus day ahead of us and we wish you the same! So our watchlist consists of a few pairs, 4 to be exact but we do have 3 active trades... Below are are the necessary details WATCHLIST 23.1.2020 Big ECB day... big EUR moves?! EURCHF: At key support Price action slowly but surely heading down to a key trading level.... this is what we saw with XAGUSD and usually indicates weakness of the momentum holder, in this case the bears. What this shows is a chance of a really strong bull push! CADJPY: Possible bull contraction Im not too keen on taking this but its worth being in the watch list as thats what the watchlist is for... find POSSIBLE trades... watch them, prepare and if they are valid go! Here we have RSI very low... a possible bull contraction at a key support level. AUDJPY: Possible bullish continuation We have a breakout of a medium-term down trend trendline and a test of it happening now... and easy target would be the 120% as it lines up with a key resistance. Really nice day trade (24 hour life value) DAX30: Looking ready for the bulls! A contraction leading to a key level supported with a reversal candle and RSI pretty low
by PrimedGroup
Forex basket Trade the NEWS : 10:34 06-Sep-19.LOG Forex basket Trade the NEWS : 10:34 06-Sep-19 For most new traders, the biggest challenge is getting a profitable strategy that works for the long term. Usually, trend-following systems are favored because they tend to have a very good risk-to-reward ratio. Trading the currency market is essentially a numbers game, basically traders look for strategies or systems that have a positive overall yield. The profit factor of any strategy is also very essential, because a profitable strategy should make more money or pips, than it loses. After some extensive research, I have discovered one of such systems. This strategy is built on one of the oldest trading adages around; “cut your losses early and let your profits run” and “the trend is your friend”. Basket trading involves opening a series of correlated or uncorrelated trades, and after an adequate amount of time, closing the trades when the overall sum of the trades is positive i.e. when the net value of all open trades is positive or close to our targeted profit-value. It is not 100% guarantee. The Trading setup The truth behind the Forex market is that currencies trend. This means that currencies have a tendency to keep gaining or diminishing over a long period of time. There are a lot of concepts about trading cycles and swings, but in reality if we were to zoom out of our charts we would notice a very obvious and unmistakable trend direction. Basket trading involves gauging the potential strength or weakness of a pair, and placing several trades that align with that analysis. Key Reports/Factors that Move FX Markets Any world events /news Financial crises and elections create financial uncertainty and, in turn, impact value of a country’s currency Central Bank monetary policy announcements Will affect size/growth rate of a nation’s money supply and, in turn, interest rates; can include key interest rate changes, buying/selling government bonds, reserve requirements changes FOMC (Federal Open Markets Committee) Meets 8 times a year to set U.S. monetary policy and key interest rate changes; impacts value of U.S. dollar, world’s reserve currency U.S. Dollar Index Measures the value of U.S. dollar relative to a basket of currencies for the U.S.’s most significant trading partners
by DORMAN5
1
Forex basket Trade the NEWS : 10:21 06-Sep-19 CAD closing.LOG For most new traders, the biggest challenge is getting a profitable strategy that works for the long term. Usually, trend-following systems are favored because they tend to have a very good risk-to-reward ratio. Trading the currency market is essentially a numbers game, basically traders look for strategies or systems that have a positive overall yield. The profit factor of any strategy is also very essential, because a profitable strategy should make more money or pips, than it loses. After some extensive research, I have discovered one of such systems. This strategy is built on one of the oldest trading adages around; “cut your losses early and let your profits run” and “the trend is your friend”. Basket trading involves opening a series of correlated or uncorrelated trades, and after an adequate amount of time, closing the trades when the overall sum of the trades is positive i.e. when the net value of all open trades is positive or close to our targeted profit-value. It is not 100% guarantee. The Trading setup The truth behind the Forex market is that currencies trend. This means that currencies have a tendency to keep gaining or diminishing over a long period of time. There are a lot of concepts about trading cycles and swings, but in reality if we were to zoom out of our charts we would notice a very obvious and unmistakable trend direction. Basket trading involves gauging the potential strength or weakness of a pair, and placing several trades that align with that analysis. Key Reports/Factors that Move FX Markets Any world events /news Financial crises and elections create financial uncertainty and, in turn, impact value of a country’s currency Central Bank monetary policy announcements Will affect size/growth rate of a nation’s money supply and, in turn, interest rates; can include key interest rate changes, buying/selling government bonds, reserve requirements changes FOMC (Federal Open Markets Committee) Meets 8 times a year to set U.S. monetary policy and key interest rate changes; impacts value of U.S. dollar, world’s reserve currency U.S. Dollar Index Measures the value of U.S. dollar relative to a basket of currencies for the U.S.’s most significant trading partners 09:57 04-Sep-19
by DORMAN5