Image from Quickmeme.com
I’ve recently attended a very lively webinar by Market Traders Institute about how they use the fibonacci retracement tool in determining where the price is headed in the monthly chart and was pretty amazed by it. I know that tool is pretty basic stuff, but I only use it as a guide where the next mini-support and resistance levels might go aside from the daily and hourly zones (for more info about the green lines in my charts, check this book out).
Continue reading Math Direction
This could have been posted already yesterday but my WiFi had been so crappy. Anyway, I’m looking closely at selling GBPUSD and AUDUSD, and buying EURGBP, NZDUSD, XAUUSD, XAGUSD. We’ll see how it goes this week, especially during the release of US Nonfarm Payroll Report this coming Friday which I expect to have some recovery. Whether it’s anywhere near the 180k consensus, who knows, I’ll just keep an eye on the news and Economic Calendar.
These are the zones I’m monitoring for the week:
Continue reading Setups for the Week (7/4-7/8)
Ok, so I admit this is totally not related to trading haha. But ever since I quit my last job and began trading full time, I’ve lost weight, like a LOT. I stopped stress eating but I still couldn’t believe that I went from around 112-115lbs down to 95 lbs. For someone with a
Continue reading Asian Food Cravings: Wild Ginger
Based on my setup for the week , only XAGUSD and USDTRY have promising moves, and the rest were basically flat and ranging. But since I don’t trade exotic currencies for now, I only traded XAGUSD earlier this morning during the Japanese session.
Continue reading Weekly Recap (6/27-7/1)
Also, contrary to my initial belief about George Soros betting against the pound once more, he’s actually one of the people supporting Bremain this time. It’s unclear whether he bet against Brexit, but his Soros Fund Management gained a lot after gold rose sharply last Friday. Other fund managers were also surprised about Brexit winning (sort of a consolation for me for also expecting that Bremain camp would win haha).
If anyone’s having a hard time getting an overall feel of the market regardless of strategy used, it’s recommended to take a break and perhaps even try out this fun mobile game by Asobimo.
Continue reading Market Sentiment 101
Taylor Swift image from vulture.com
I’m definitely learning from her when it comes to letting go of my artsy dreams to simply focus on trading (maybe I’ll do arts and fashion design stuff on my next life, but then I also wanted to be a CERN scientist especially once time travel is invented, but I digress). For the record, I’m not a fan of her as a singer and even hate her repetitive songs about exes, but I like her strength especially when she dusts herself off and tries again, instead of wallowing in self-pity.
Continue reading Taylor Swift, Patron Saint of Moving On, Pray for Us