Wednesday, April 15, 2015

I trade the USD-SGD

I trade the USD-SGD as the dollar on the currency market. We observe a peak at 180 days after the beginning of the upward trend followed by a strong vibration. Meanwhile the US dollar gained 12.5% against the Singapore dollar. For cautious traders , parity has a low volatility and therefore risk can be better managed. Personally, I expect a correction from USDSGD and look the 2 levels of great importance, in my opinion (S2 and maybe S3). The best setup would be retesting R2 and further decline, which would allow the sale or entry level with sl presented in document mentioned or entering the day after the decline, if the decline continues. Sl remains the same, so we can initiate a lower position. In my opinion, on a $ 5,000 account, the maximum loss assumed to be 150 USD. According to this statement, which basically represents sl position, we can calculate the open position. Volume was increasing in recent decline, which could define a distribution pattern. If the 20 period moving average break down the moving average of 89 periods, we have a better confirmation of the beginning of a correction.

Monday, April 6, 2015

Ce parere aveti de EURO ?

    Mie imi indica o noua sansa de intrare in pozitie LONG, dupa o corectie minora. Rezistenta 1.10 nu este pregatita sa cedeze. Personal, ma astept ca decizia finala privind Grecia, din aceasta saptamana, sa permita trendului ascendent sa se dezvolte.