2010 profit + 1179, 2011 + 971

2010 January +236, February +22, March +190, April +198, May +607, June +63, July 0, August -50, September +62, October -240, November +114, December 0,


2011 January +388, February - 80, March 0, April -114, May 0, June -15, July +433, August 0, September +260, October +253, December -154


2012 January +365, February 0, March +236, April +203, May 0, June 0, July





TRADING FOREX MARKET

The fact is that pattern exist is evidence of price manipulation, which in turn creates predictability that produces profitability for those who can see the patterns.

Greggory L. Morris

Tuesday, April 3, 2012

AUD/NZD +203

recent news did not go in favor of Aussie. Currency dropped on all fronts, and for a reason (building approvals, trade balance), but positive facts should not be forgotten. New Zeland trade was not great either :) This is the fifth week that this pair is taking a beating, and it might be some more to come, but by no means in such fashion as it was up to this point. If you look at thmonthly chart it is even more evident. Chart is telling us to buy at this level 1.2378 and put stops at 1.2375, with a target at 1.2780. We expect Slow Stochastic to cross, and support trend line to hold, in worst case scenario, but moving average should hold too (not to close below)

Thursday, February 2, 2012

AUD/USD +236

technical aspects of this trade are indicating toping out of this pair. Slow stochastic is showing diversion on daily chart, and weekly chart is about to cross, what are the indicators of change in direction. Pattern of the candles is also indicating exhaustion of the trend, daily & weekly.
US dollar index is showing signs of bottoming out on a daily chart (around 79).
This particular trade is based on technical position of the pair. Yes, we know that tomorrow we have employment data, non-farm, ISM and retail sales for AUD next week, but despite these unknowns, we are going in. Why would we do this. It is simple. We believe that we are going to make $$$. :-)

Friday, January 6, 2012

EUR/USD +365

reasons for this trade are the same like in the previous. Yes, we were proven wrong on timing of this trade (evidently), but we still believe that we have correnct prediction. We call for rebound, (rather than rise) of the Euro. During next week and maybe untill the end of the month, we should hit our targets. Yes, we looked at US employment data, and we don't believe that 200k on jobs report is a game changer.
On the technical side, just look at the Slow Stochastic.