About meSuccessful Trader - Trading Forex full time for well over 17 years, 2years of initial struggle and big losses - & years of remarkable passive cash flow - Planning to retire by 2025 and then focus on Real Estates :)
Bitcoin has gained around 35%, entering the year 2020 a significant progress of 25%.
Markets reached highs of $9K on Friday January the 17th 2020, before hitting resistance, which occurs simultaneously with the 200-day moving average price, something which has historically sweltering bullish progress.
But hey! watch for a correction: ( Possibly - 7k, 6k, ) and...
The US economy appears to be heading towards one of its worst quarters in recent memories, But amid signs that PMI readings are stabilizing in Europe and North America, relative to the backdrop of a hopeful resolution to Phase 1 of the US-China trade war deal, it seems that traders are otherwise treating disparaging economic data as red herrings. As traders...
EURUSD is 95% Bearish at this point and I'm hoping that the 1.12 zone holds - that way EU can continue south but if breaks up ----> 1.12 then this perhaps will change the entire bearish pattern and could take us North 1.14 or even beyond
Oh! Sterling, the General Election within six months or earlier only adds to hyper chronic political uncertainty in the United Kingdom: the GBP indicates it dislikes political uncertainty and tends to lose a significant value during election cycles.
The Pound has come under pressure these past weeks as uncertainty levels kicked-in in response to the failure of...
President Donald Trump called for the EU and China to eradicate or re-consider trade barriers and tariffs, or face the consequences. EU and china' response to ''POTUS'' will possibly determine the direction of US dollars
As many of you know.... I always trade my chart - and I am currently on the long side ( entry @ 109.900 and hoping to see 113) reason why?
Euro was inarguably one of the top performing major currencies last week, but this week EU might surprise us big time.
- ECB President Draghi promised to be “patient” on tightening the monetary policy, with that said- traders have began to weigh more intensely data that will by chance influence the timeline of rate hikes either pos or Neg.
We are looking at UJ drama but dont be fool by it , UJ MUSIC wont last .
It's about time to go long on UJ, we've decided to to long from 108.590 and tp@ 111.937 :) we just added a new SL @ 109.100 (Finger crossed)
I heard you clearing your throat :) stop mocking! join the boat instead - will you?
See you at the top
Incase you are wondering about...
It is so easy to come up with profligacy or a bogus theories of what triggers dollars up moves : Hurricane Harvey = equals compassion, N. Korea's missiles launching gimmicks = weakness... oil plants evacuations influence = equals oil down - dollar up, Arabs on Holiday = equals oil weakness etc BUT! I wont discuss any theory to back up my chart - my apologies! ...
After three consistent outstanding weeks of positive growth, gold was trading at $1256.56 per ounce, but now falling for the first time. Just last week, gold was trading at $1267.27 per ounce.
Last Friday US economic data was stronger than expected showing an addition of 209,000 new jobs in July alone - which surpasses the expectation
All to do with USDollars - lots going on and all pressure on Dollar looks positive as numerous news weighing in. We cash out on the south run as TP hit, and we re-instate long position with TP @ 114.931