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FALLING WEDGE PATTERN MIGHT COME TO AN END SHORTLY.Bonjour, our member entered short @ 177.72 and are currently sitting in a great position. Our members entered a short position @ 177.72 and is now showing well over 400 pips in profit and well over 1200 pips on all open trades. Congrats! In this chart you can see that this wedge pattern will be coming to a close here shortly ... and possibly reverse. So, tighten your stops and enjoy the rest of the ride while it lasts. À bientôt, Maxmillian DuPont (www.myfxlifestyle.com)
Short
by Maxmillian
WTI Crude Continues Down, Therefore NOK Continues UP! Bonjour, Do you guys remember the trade in USD/NOK? If not, here is the link to remind you: We've since taken a similar trade ... mainly based on the fact that WTI Crude is seeing more downwards pressure after a small rally. Congrats to all of our members, and do you know if you should stay for profit target #2 or not? By joining our ever expanding trading family you'll know... À bientôt, Maxmillian DuPont (www.myfxlifestyle.com)
Long
by Maxmillian
1
Will EUR/USD go to 1-to-1 parity in 2016?Bonjour, My big call for 2015 was that the EUR/USD would continue to move down and reach (or close to) parity. Well, as we look at the chart today it seems my prediction wasn't quite spot on. It was a tall order to start with anyways, but if it wasn't for the extended bond buying decision from Mr. Draghi ... I think we might have gotten there this year. But, at this point that's nor here nor there. Let's see if this might happen at all? Looking at the charts, they're telling a clear story. We're obviously seeing a small consolidation period right now ... but don't forget that 90% of the "City" and "Wall Street" are still celebrating Christmas and New Year. So the lack of momentum isn;t at all surprising. My call for 2016 is still that we'll be moving closer to a 1-to-1 parity in the EUR/USD. There is a ton of buying pressure around the 1.0810 handle ... but once we break the latest low around the 1.05 handle (early December, 2015) you have your major technical indication that we're moving down and completing our price move at 1.0076 (D) and possibly lower. The FX can play games with you for a long time before you'll completely understand it. And I've been wrong before and I have no problem admitting when I'm wrong -- but this is my take and I'm confident this will happen. The only thing I cannot answer is: WHEN it will happen. Have the best 2016 ever and please join our ever expanding trading family. À bientôt, Maxmillian DuPont (www.myfxlifestyle.com)
by Maxmillian
Clear breakout in USD/NOKBonjour, today our "VIP" members took an aggressive trade in the USD/NOK pair. After noticing the downwards trend bottoming out, we opened two long positions on a breakout @ 8.7525. Scaled out of the first position at 8.7925 and closed out the second at 8.8270. Both positions were closed out early, it runs out. However, we stuck to your predetermined risk profile and rode this one out for a great trade that pocketed us 1145 pips in total. Congrats to all "VIP" members in the room today. À bientôt, Maxmillian DuPont (www.myfxlifestyle.com)
by Maxmillian
Move coming to an end in USD/CAD?Bonjour, looking at the monthly chart of USD/CAD , we can see that we've had a completed measure price move. In addition, price continued to head north and hit the 1.272 extension of the previous move which would corroborate the thesis that the CAD needs to take a breather here (from a long term perspective). Our members have enjoyed the great trend that has been pushed by great momentum all of 2015 ... will this pair be equally as good in 2016? What's your bias? À bientôt, Maxmillian DuPont (www.myfxlifestyle.com)
Short
by Maxmillian