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EUR Trading from Alaska

Discussion in 'Market Predictions and Reports' started by FromAlaska, Sep 14, 2010.

  1. FromAlaska

    FromAlaska Recruit

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    Hi, I am a new trader on live account, but I was running demo account for some time now and had some luck with my predictions. I am not making my living from trading, I have full-time job and work around 12 hr days sometimes 6 days a week so Forex for me is just a hobby.
    Here I will post my latest expectations from market. I advise you not to trade real money based on my analysis rather take it as different perspective for your trading method.
    This project may end up as complete failure, I am just learning market as most of you and make a lots of mistakes.
    I want to thank Sive Morten for his works and time, you can watch his analysis on Forex Giants Section because he inspired me to push on my trading lately.

    I prefer Londons session so I will try to post my updates before London opens up. If there is nothing to trade for me I will wait until next day.
     
    #1 FromAlaska, Sep 14, 2010
    Last edited: Sep 15, 2010
  2. FromAlaska

    FromAlaska Recruit

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    9/13/10

    Chance to break through 1.29 level. Right now its going around 1.2893 and I would not sell right now unless I see really good resistance level.
    Bullish scenario: price will find support at around 1.2880 then will jump fast to
    1.2940 or 1.2975
    Long 1.2910 TP1 1.2940 TP2 1.2975 SL 1.2848
    Bearish scenario: I would sell after price moved below Daily Pivot 1.2824 with first target 1.2755 but need to see more price action for better goal.
    Thank you for your time
     
  3. FromAlaska

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    Now will wait for 1.2910 resistance break. As soon as its broken I would go long.
    My first prediction was sinking ship, at this point i will wait either break of 1.2910 and go long. Will wait for Core Retail Sales. Looks like direction is down but I cant see any target points for now.
     

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  4. FromAlaska

    FromAlaska Recruit

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    9/14

    Dont see any good trades, I think news will take over at this point. Will monitor until next US news in 4 hours.
    Thats just very rough guess but I think next strong support at 1.2940, though 1.2953 solid support for now cant sell above that. Below 2953 would scalp for ten pips at a time.
    Dont see any good trades for now.
     

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  5. FromAlaska

    FromAlaska Recruit

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    9/15/10

    We can have studded tires now in Alaska, winter is coming
    Quick update, still waiting for break out. Feels like calm before storm. I would buy above 1.3055 with first target 1.3078 otherwise next target 1.3104.
     

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  6. FromAlaska

    FromAlaska Recruit

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    Missed a good trade today, now may catch up, may not. Current high 1.3146, would enter @ 1.3155 with tp 1.3185. Its kinda risky, but its friday anyway. So ready for weekend. Fridays are risky , I saw 4 car accidents on the way home.
    PS Keep in mind that its fifth bullish day in a row with significant gains. It will run out of steam sooner or later with good retracement. It may be gap down on Monday opening.
     

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    #6 FromAlaska, Sep 17, 2010
    Last edited: Sep 17, 2010
  7. FromAlaska

    FromAlaska Recruit

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    Last week was not bad. Friday I lost 18 pips when was too optimistic and desired to finish trading day asap. It was good experience. I will post latest updates on Sunday. Thank you everyone who checked my analysis..
     
    #7 FromAlaska, Sep 18, 2010
    Last edited: Sep 18, 2010
  8. FromAlaska

    FromAlaska Recruit

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    Hi, sorry for long absence. Didnt trade for all that time.
    So, many people say dont buy, so I dont recommend you either.
    my numbers on the picture
    I am expecting retracement to the downside
     

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  9. FromAlaska

    FromAlaska Recruit

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    Hi, I been waiting for this yesterday. My goal is just above 50% retracement, see chart. Hope its good opportunity to make some pips.
     

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