USDMXN trade ideas
USDMXNHello traders
these analyze based on Fibonacci moving averages and pivot points
Good luck .....
USDMXN A Little Bit MoreHello Traders
Here is Quick Analysis on USDMXN
Base on the counting, the price is still downtrend to complete wave 5
USD/MXN Bulls: Tracking the Big Players. What is Next?This pair is now in a Downtrend Market. We are seeing two possible zones where Bulls may enter the market.
If the Bulls fail to successfully defend the 20.20 Demand Area, then we expect the market to focus next on the 19.60 Demand Area. The 19.60 Demand Area is a fresh demand zone which has not been tested before.
The Buy Zone is the Green Circle. We can use the Fibonacci Levels on the Chart for our Profit Target Levels. First Target TP is 19.97, Second Target TP is the 20.33 Area, and the Final Target TP is 20.58 Area.
Supply and Demand all the Way!! Happy Easter, Traders!!
Cyclical activity: getting into the statsStatistics (all ranges in percentages)
EURUSD from Jan 2001 to Dec 2020
AUDJPY Apr 2003 to Mar 2021
USDCAD from Jan 2001 to Dec 2020
EURGBP from Jan 2001 to Dec 2020
Summary
January, May, September, October have the largest OC ranges;
February, June, July, August, have the smallest ones;
January, March, October, November have the largest HL-OC;
April, May, September, December have the smallest ones;
June has the worst OC/(HL-OC) of them all;
April, May, September have the best ratios;
March, June, August, November the worst ones.
What I might deduce is April typically has a small but solid trend that maintains its gains, May continues it (strongest of all months), then in June it ends and corrects.
February I can't draw any preliminary conclusions, March trends average but fails hard eventually, if Feb starts a trend March will end up, probably in gross sideways chopiness.
September starts a trend and goes from 0 to 100 the fastest, unsurprising.
October continues the september trend and also is a big trend ender.
The data I checked sort of confirms my bias.
I can predict a bit in February,
January, March, April are not very active
May-June are good, I've been predicting reversals
July-August it depends
September & October the best, september trend but even reversal and those go far
February reversals don't count on them to continue...
March is unpredictable afaic but catching a move can be a 10-bagger+
Starting from late Feb actually, to mid-late March I'd say, then exit
I expect nothing out of November & December
So....
Another one, summing up how I see when to follow, when not too, and when to hold a little a lot or not at all:
April going to be calm but not too calm hopefully. I wonder if it is the same with stocks? European ones? I wonder what I can do about it?
The year is mostly done in February (sometimes January too), May-June, September-October, and sometimes the summer is easy. 5-8 months / 12.
What to do the rest of the time? Sell strangles? It's not simply of lower volatility it is much more random with sometimes the same ATR.
Just backtesting and analysis and learning? What industry is active in March-April & November-December, vacations?
This has to be studied but perhaps I can buy in April a call or put with a June expiry in anticipation of a trend.
Weekly trend swing trading idea Usd/MxnHello Traders,
Here you can find my weekly trade ideas. They mainly serve to achieve a possible learning effect or to show other perspectives how other traders set their positions and act, should be very interesting. The focus is on the "point of view" (learning through seeing).
All trades amount to Fundamental, Economical, Mathematical, - Technical information.
In the 4 years that I have been trading now, I have simply learned that the trades are only as good as the information that is based on them, the higher the density of information, the better and more likely that the trade will work.
Every week on Sunday there is an update, because new information is published over the period. Depending on how these end, the trade is either closed "early" or it continues on its way towards TP (Take Profit).
CRV (opportunity-risk ratio) is ALWAYS 1 to 3.
Trading style includes hedge and trend based swing trading and position trading approaches.
Please use your own criteria (entry, exit,etc.) and don't be a copy, otherwise it won't work, find out which style suits to you.
Enjoy and take what you need.
Haave a nice Week :)
USDMXN - potential move to the downside??-head and shoulders pattern
-break of short term up trend line
maybe, maybe not...
what do you think?
