Journal
[EURUSD] July 12, 2019 - ALuoTradingJournalHavent got a chance to write about what has happened with EURUSD that I have already done and with later on what I think about how the trend will go.
I have been trading EURUSD at the same time with all the others together.
For EURUSD, I was trading more towards the blue section I have highlighted before the USD index went crazy upwards with the FOMC.
I was none stopping trading long position over there during that time. Quite happy time :)
The recent one with EURUSD I have traded was at 1.12106 and 1.12233, two long positions and both closed trade at 1.2560, but my Take profit I have actually set was 1.13250. Stop loss for the short term one with this one was 1.1190.
Long term stop loss that I would use would be 1.10900, anything breaks that. I will not go for a long position. Otherwise, I just wait for my chance for EURUSD to come down and wait for the few support levels and to try it out. 1.1145 was one of the lowest I got back then. But as far from it seems like with the USD Index, 1.1160 support level is a higher chance for it to weaken there instead.
I am looking for it to go to 1.12100 roughly around there before ill consider a long position. If there is no strong signals weakens over there, then i will consider approx 1.1160 as the other support level I may consider to make a long position.
With my analyse comparing with the USD Index, as far I can see here that the USD Index has a strong weakening signal and may follow my yesterdays analyse with USD Index. ( I have linked it in my journal, feel free to have a look at that journal too.)
If anyone has any questions or thoughts, feel free to leave a comment. Its always good to have chat to different traders :)
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
[USD Index] June 11, 2019 - ALuoTradingJournalThis is the second post I have ever posted on TradingView.
I will make this shorter version of the second one and talk more of the future instead of what I have already analysed and happened in the past. I will use the features of TradingView to test out my accuracy.
For USD index, I usually use it for reference in knowing what I could do with trading major currency pairs.
As for many months, the price on TradingView may a bit different to the platform I am using, though, I have redrawn the resistance level as for shown on the current TradingView graph.
With the support of the signals given by the k line, I have found one of the resistance at 98.00 on the graph, this resistance level I have chosen, represents that if the trend goes to approx. 98.00 and can see of a weakening sign signal near there. I believe that the result will be the USD index will get weaken over there and go back down again to test the bottom.
Another line I have drawn on the graph 98.55, represents the resistance level, if the trend goes pass this spot. No matter if the direction goes in favour of me or not. I will not continue to trade in favour of the USD going weaker. Instead I will turn my mind, and double check on the major currency pairs with the K Line signals to see an opportunity of an entry position with a long position if it surpass 98.55. If not, then I will continuing analyse each short trades or long trades.
As a long trend, I believe that with the price on TradingView, if it does not break the resistance level at 98.55, a long term downward trend will occur in the year of 2020~2021
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
