What to look for next week? Gold, Euro, Bitcoin that's what.

4 авг. 2018 г.

This is what I will be keeping my eye on next week:
FX:EURUSD,FX:GBPUSD,FX:USDCNH,FX:USDMXN,FX:USDTRY,FX:EURJPY,FX:EURCHF,FX:EURCAD,FX:GBPJPY,FX:GBPCAD,TVC:GOLD,TVC:SILVER,COMEX:HG1!,BITFINEX:BTCUSD

There might be some opportunities, and I want to perfect my trading in FX, so I will ignore stocks unless I have time, my priority is really making my FX trading perfect the rest is secondary.
No rush to make profit, I just want to perfect my system at the moment.

EURUSD

It started going down with force, but I think I see divergence, and support is not that far, what is going to happen?
I will keep an eye on it, maybe open a small trade.



GBPUSD

All this RSI divergence... Yeah it is still pointing down, but the donwtrend slowed down big time , could get a reversal. I probably go long based on several factors. We will see when we get there.
Depends on idk news several indicators fibo etc.




USDCNH

Keeps getting divergence on the daily, what is it with all these divergences? Moves are weaker because big players are on vacation so there is divergence everywhere?
Well anyway, it is aiming for ath overbought on the weekly, if it keeps going up with more and more divergence I will bet on the Yuan, pretty good odds I believe.



My main favorite strategy is going with trends, really, but here we keep seing this stuff so I just have to go for the counter trend trades...


USDMXN

Just join the downtrend if possible. I have not seen a trend to join in such a long time, I do not even know how they look like, can't tell for sure if that one is good :o Seriously.



USDTRY

Well there is hope for the Lira bagholders. They were featured on bagholderquotes (twitter) a while ago, there are quite a few Lira bagholders :)
If pepperstone would just verify me after 2 weeks, I could trade it, otherwise spread is too high. Reversal candle on the daily at the top.
I could be wrong, but I have a gut feeling this could go very wrong either way...



EURJPY

Euro getting weaker as we saw at the start of this idea. Against the Yen it is even worse apparently.
Going to look to short it on a retrace, either a weak retrace if all my conditions are met, or can be a strong retrace (got to watch usdjpy too...)



EURCHF

Looks like it is going to bounce. 1.154 has to be a good place to short it I reckon.



EURCAD

Took a loss by shorting this one too soon last week.
Now I see %B divergence on the daily, I am better staying away from this one.



GBPJPY

Like GBPUSD but magnified.




GBPCAD

Is %B divergence and an RSI so low enough reasons to go long here? I seriously do not know. Must rememebr to keep an eye on this.



GOLD

Gold is SOOOO primed for reversal. I want to go long when it drops, but I don't even know if I get that opportunity.



Silver

I do not know. Waiting on the sidelines.



Copper

That bottoming thing I posted about 2 weeks ago, it might be over, and the downtrend could continue, but nothing is certain at the moment.



Bitcoin

Last but not least. I posted about this in my last BTC ideas.
It's just the same stuff that repeats itself every 2 weeks.
A drop with divergence (long or short it is the same just look at the chart upside down), followed by a second drop, the goes up.
Supports / resistances always hold. Rince and repeat. I would call going long here very high probability. Since you know, it just keeps doing the same stuff and this worked the last idk maybe 50 times? In a row.

6 авг. 2018 г.

Заметка

And here we have it. Week just opened and already moving as expected.
Gold pumping. Should have went long last week actually, missed it unlucky.



Bitcoin pumping. TP around 7500.

6 авг. 2018 г.

Заметка

Finally verified by Pepperstone. There is an issue with my first deposit thought...zzz

This is their first mail:

[FX Weekly] August Isn’t Always a Sleepy Month for FX

LOL.

Well, we will see. I hope I make SOME profit, does not have to be huge, but I want to at least make a little progress before I fall into complete desperation.