FX365_Thailand

FX365_Thailand

Hello, traders. In this post, I am sharing tips for trading journals to bring your trading skills to the next level. This post would help you if; ✅You are not sure what to write in a trading journal ✅You are not motivated to create your trading journal ✅You do not last in recording your trades ■ Importance of trading journals Trading journal is important...

FX365_Thailand

Happy New Year🎆, Traders👋 On this post, I'm going to share the similarities between trend reversals and driving a car. This post would help you if; -You are struggling with trend reversals -You tend to make early entries e.g. you stopped out and the market moves in your favorable way Driving cars For those who drive cars, these are obvious things, but let...

FX365_Thailand

The chart below is the USDJPY weekly chart with speculators’ position provided by CFTC. The purple bars at the bottom of the chart is speculators’ Yen short positions which have been increased since the end of Sep. Looking at the historical data where speculators’ Yen short is at peak, there is two points; 1. Week of Oct1, 2018 (blue horizontal/vertical...

FX365_Thailand

As the global economy is expected to recover from COVID-19 pandemic, Thai stock market has also started to gain its strength. In this post, I am sharing my wave analysis and Elliot count on SET, Stock Exchange of Thailand, starting with monthly chart to grasp the big picture of the market. Monthly chart The following chart illustrates major financial crisis...

FX365_Thailand

Bitcoin price plunge after reaching 58000 USD clearly relates with Fibonacci numbers again. This time, the number is “8”. The chart below is BTCUSD weekly chart. Drawing Fibonacci retracement from Mar,2020 which is the beginning of this long upward trend, it clearly shows that price plunged after reaching the level “8”. Though it is not Fibonacci ratio,...

FX365_Thailand

Hello everyone. Let me start the chart analysis of EURCHF with long term analysis. My chart analysis always begins with long term analysis i.e. monthly chart and/or weekly chart as I would like to have macro perspective. Monthly chart It is downward trend since 2007. The red diagonal line is the trendline. Which will be used for analysis for other charts as...

FX365_Thailand

Hi, everyone. This is my first post in English. As usual, let me start with long term market analysis. My chart analysis always begins with long term analysis i.e. monthly chart and/or weekly chart on a daily basis. Monthly chart It’s been in range since 2016. Weekly chart It has been in range for long and recently it breaks down red horizontal line which...