Posted by: joetradingplace | August 10, 2015

Possible Trades

These are some of the pairs I am looking at this week, might get some trades if price behaves as i expect it to.

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Posted by: joetradingplace | August 4, 2015

Open trades

Its been a very quite summer on my side, I just have a few trades open. Most pairs i trade are in a choppy range, so it is a game of waiting, hope markets will start to move after the summer.

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Posted by: joetradingplace | July 8, 2015

Cadjpy dropped as expected

check this post to learn how i read price action https://joetradingplace.wordpress.com/2015/06/03/cadjpy-ready-to-drop-2/

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Posted by: joetradingplace | June 3, 2015

Dow dropped as expected

https://joetradingplace.wordpress.com/2015/05/19/dow-ready-to-drop/

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Posted by: joetradingplace | June 3, 2015

Cadjpy ready to drop?????

Look at how many times buyers have been failing to push through the 100 zone..every time price reaches that level it drops, shows that there is more selling pressure waiting at that zone…now if sellers can manage to sustain price below the 99.80 zone, i will be favouring a drop and then a break of the trendline for more downward momentum. Now lets keep our eyes on this pair, could be a good trade….with the first target around the 98.50 zone.

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Posted by: joetradingplace | June 2, 2015

Eurjpy riding the trend

We have been long eurjpy from 128.60 next target approaching now at 139.10, we have just added 6 other positions from 136.00, three targets have been reached, it was a quick move, remaining positions at BE and some locking in 0.5%. When market is trending, take advantage of it, do not relinquish your positions, these big winning trades will easily pay for the small losses. The first rule of trend following is cutting your losses and letting your profits run.

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Posted by: joetradingplace | June 2, 2015

Significant levels before NFP

Check out some significant levels shown below, these are the levels that i am prepared to consider taking trades. So i will be looking to see if they hold or break, how price approaches these levels, momentum when price bounces or breaks.

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Posted by: joetradingplace | May 22, 2015

eurusd, eurjpy and usdcad significant zones

Lets review the zones we were looking at in the beginning of the week, did they play out the way we expected, how did we react when price reached the levels? All the three charts we looked at moves back to the level as we expected, but on eurusd and eurjpy i didn’t take the trades because i didn’t like the way price moved back to the level. The sideways momentum back to a level is a price action that don’t interest me in taking a breakout pullback trade. But as for the usdcad, she moved back to the level well and i took the long trade. Charts of before and after shown below.

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Posted by: joetradingplace | May 19, 2015

Eurjpr, Eurusd and usdcad significant zones

Charts below shows you some of the level i will be looking to trade tomorrow…if we get there.

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Posted by: joetradingplace | May 19, 2015

Dow ready to drop??????

I am not trading this market at the moment because price has been stuck in a tight range, it has been choppy and me as a trend trader its not a market that will make me money. If you look at the daily chart you can notice that price is moving higher, but seem to be struggling. The most significant zone now on this market is the one marked in red box, price might come back and bounce off. But i am favouring price going through the zone and retesting it from below, then tumbling down. Lets watch this market in the coming days/weeks/months to see what happens when price comes back to the zone.

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