eirik.kaasa

PRO
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About me Discretionary trader - Ideas are for my journal purposes, but feel free to comment :-)
Joined Norway
Markets Allocation
91 % forex 9 % other
Top Mentioned Symbols
GBPUSD 36% | 4 UKOIL 9% | 1 AUDCHF 9% | 1 NZDCAD 9% | 1
eirik.kaasa eirik.kaasa PRO GBPUSD, D, Short
GBPUSD: Cable breakout to the downside
22 0 5
GBPUSD, D Short
Cable breakout to the downside

We are in a long term downtrend. The correction seen in recent months on the daily chart seems to be over due to lower highs and fresh supply being created. Price is also below 200 SMA, 50 SMA and seems unable to break above 20 EMA. The inside candle signals a possible bearish impulse, so I expect a breakout to the downside.

eirik.kaasa eirik.kaasa PRO CADCHF, M, Short
CADCHF: Buy-orders stacking up, expecting bigger pullback
38 4 6
CADCHF, M Short
Buy-orders stacking up, expecting bigger pullback

I'm trying out position-trading. I am used to SD-trading, so position-trading/trend-following is new to me. I use long term trend, last years high/low, and reading price action to analyse the market. Here, I see a well established downtrend with alternating profit-taking and buy-ups before new selling. Buy-orders are currently building up. Still short bias, but ...

eirik.kaasa eirik.kaasa PRO UKOIL, D, Long
UKOIL: Countertrend long after heavy selling
96 3 2
UKOIL, D Long
Countertrend long after heavy selling

We are still in downtrend, but still a lot of buy orders residing in the blue demand-area. Expect 50% FIB- rally from last high-low, followed by pullback to demand-area and then explosive upward move to upper supply.

eirik.kaasa eirik.kaasa PRO NZDCAD, D, Long
NZDCAD: Buy all valid demand-zones in this uptrend
24 0 3
NZDCAD, D Long
Buy all valid demand-zones in this uptrend

I have identified several valid demand-zones. These are areas where buy-orders reside and are waiting to get filled. The pair is in an uptrend, so my plan is to buy every valid demand-zone until I get a loss. Then I will stop :-)

eirik.kaasa eirik.kaasa PRO AUDCHF, D, Long
AUDCHF: Strong demand supports 1.23% move on AUDCHF
28 0 3
AUDCHF, D Long
Strong demand supports 1.23% move on AUDCHF

Price is expected to make new high. Monthly and weekly trend is up, strong demand and structure aligning with 61.8% FIB retracement. Possible impulse move up to 1.23% FIB. Target in the 0.77950-ish area.

eirik.kaasa eirik.kaasa PRO AUDJPY, M, Short
AUDJPY: Free fall potential in AUDJPY
56 0 5
AUDJPY, M Short
Free fall potential in AUDJPY

Hello traders, there is no good reason why the AUDJPY should not take a nosedive on the monthly. Trend is down, driven by heavy supply and no real demand to stop it. If no big change in the fundamentals, there are at least 800 pips here if we get past the 74.250-area.

eirik.kaasa eirik.kaasa PRO GBPUSD, D, Long
GBPUSD: GBPUSD up on base of strong demand
72 1 6
GBPUSD, D Long
GBPUSD up on base of strong demand

Weekly and daily trendlines are up, strong weekly and daily demand, 50% fib retracement tested twice at 1.44-level. Now, I am just a little nervous about US data coming out over the next hour...

eirik.kaasa eirik.kaasa PRO GBPUSD, D, Long
GBPUSD: Buying fresh demand - looking for 1,236 FIB extention
73 0 7
GBPUSD, D Long
Buying fresh demand - looking for 1,236 FIB extention

GBP is very interesting these days. There is a lot of uncertainty regarding possible Brexit. Some might position themselves for a big drop back to 2009-levels. So my general idea is to look for buy-opportunities on the way up to 1.52-levels and short from there - IF the Brexit happens. If NO brexit happens, I think the GBP will stabilize around 1.53-1.55 so in ...

eirik.kaasa eirik.kaasa PRO USDJPY, 60, Short
USDJPY: USDJPY short supply and demand trade
91 1 9
USDJPY, 60 Short
USDJPY short supply and demand trade

Trend is down on monthly, weekly and daily. Trend is not up on the H1 or H4. Considering the trend still down, I shorted at the supply zone at 114.500, expecting TP at nearest demand zone 112.500.

eirik.kaasa eirik.kaasa PRO GBPUSD, D, Long
GBPUSD: Crazy idea: Long GBPUSD when retest of support at 1.41250
134 0 5
GBPUSD, D Long
Crazy idea: Long GBPUSD when retest of support at 1.41250

FX:GBPUSD Looking at supply and demand from the weekly and daily charts to find many possible long and short opportunities from now until end of March.

eirik.kaasa eirik.kaasa PRO GBPUSD, 60,
GBPUSD: Will the 5th Elliott-Wave-leg materialise?
196 0 8
GBPUSD, 60
Will the 5th Elliott-Wave-leg materialise?

The 5th Elliott-Wave leg would be a great long trade, and the next short opportunity on (possibly) bearish UK-data would be even grater!

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