Oct - 31 Forex Analysis | Forex Forecast | Forex Commentary

EUR USD buy triggered

Oct - 30 Forex Analysis | Forex Forecast | Forex Commentary

GBPCAD - is going as per plan
AUDJPY - Sell Limit is yet to trigger

Oct - 30 Forex Analysis | Forex Forecast | Forex Commentary

EUR GBP - Bullish move , Three Rising Star, Head and Shoulder Pattern

EURAUD - Daily Doulble top , Can we call it & will it test to the downtrend trading line and reverse to go Bearish :)

Octomber 2012 Forex Analysis | Forex Forecast | Forex Commentary

Octomber 2012 Forex Analysis | Forex Forecast | Forex Commentary

1> EUR/USD
- Monthly : It is kind of Hammer, Spinning top, Still Bullish Trend, Monday's closer is Important
- Weekly : Going with the Range of previous Oct 1st week candle, Bullish Trend
- Daily : Terrific fight between Bulls and Bear in this week, Classical rejectoin at daily trading line.
*****  I am expecting bullish trend here onwards, If it crosses daily trading line successfully then we can think of Down trend.  Enter with small stop loss for Long position is a good deal & putting a reverse sell order with double lot position :)

2> USD/CHF *****
- Monthly : Monthly going bullish, rejection to go beyond the trading line, expected to go bullish here onwards
- Weekly : Going through the channel uptrend, touched the bottom line and now Bullish engulfing, now expected to go bullish here onwards. 
- Daily - Put a buy order above the friday's pin bar.

3> USD/CAD -
- Monthly : Bullish and expected to go bullish.
- Weekly : After bullish serge, it looks like consolidation here onwards.
- Daily :It is bullish and consolidation I am expecting some retrace move before enterning into the trend. or for bullish trend - Need to look for candle closer above 1.000 level

4> NZD/USD ***
- Monthly : Touched the previous down trend line and now it is going down, but still there is push from downward to enter into the Long trade.
- Weekly : Bullish engulfing and now expected to maintain bullish here onwards.
- Daily : Sell right here Keeping the reverse order just above it.

5> AUD/USD ***
- Monthly : now ping bar - Dragonfly DOJi. 
- Weekly : Bullish three white soilders
- Daily : Rejection to previous downword bar & now going ip
*** Wait for monday closer As I think it will be with the rang efor coming week, looking for some pattern/candlestick formation- confirmation to decide UP trend.

6> GBP/JPY ****
- Monthly : Going through the Triangle shape, touched the above trading line and now going downward. Bearish.
- Weekly : UP trend is rejected from the down trend line.
- Daily : It is bearish engulfing - expected to continue bearish here onward.

7> EUR/JPY *****
- Monthly : Downtrend - and expected to continue downtrend.
- Weekly : Classical pin bar. Downtrend is high probable.
- Daily : It is bearish engulfing - expected to continue bearish here onward.
-  H4 : Head and shoulder pattern. *****

8> AUD/JPY *****
- Monthly : Going Bullish, With in range just below the previous resistance level 83.22
- Weekly : Rectangle Shape, Going with range - couldn't break it last time. & now it is expected to touch the bottom line of reactange.
- Daily : Bearish Engulfing. A very Good Trading Setup to enter into *****

9> NZD/JPY *****
- Monthly : Going Bullish Ascending Triangle, expected to touch the upper line - 68.70
- Weekly : Bullish going up
- Daily : Buy and hold till 66.50

10> USD/JPY *****
- Monthly : Bullish trend.
- Weekly :Bullish trend & now rejection to go bullish.
- Daily : Bearish Engulfing & now expected to go bearish
***** Daily - Wait for retrace and GO - Boom Boom


11> EUR/NZD *****
- Monthly : Bullish, Touched the upper treadline of down trend now it is a question? Will it continue bearish or go bullish again.
- Weekly : Bearish Engulfing and now expected to go bearish here onwards.
- Daily *** : Wait for the bullish pattern, retrace move make a decision based on the daily trading line and go

12 > GBP/AUD *****
- Monthly : Doji, expecting Bearish
- Weekly : Bearish going with in the triange, bearish harami expected to go bearish here onwards. 
- Daily : expected to go bearish.

13> SILVER *****
- Monthly :  Looks Bearish Harami
- Weekly : Bearish Move.
- Daily : Downtrend, Now last two days bullish just touching to the down trend line.

14> NZD/CAD *****
- Monthly : Going with the triangle Bullish
- Weekly : Bullish achieved the target @ 0.8200  expected retrace.
- Daily : ***** Expected to consolidate here & then go Bullish

15> GBP/USD *****
- Monthly : Going with the triangle Bullish, expected to go bullish
- Weekly : tough fight may be a retrace move & here onwards Bullish
- Daily : ***** Going through the channel - Down trend, look for the bullish setup and enter

16> EUR/GBP *****
Daily : bullish pin bar
Weekly : Mostly looks bullish after bearish engulfing
Monthly : Going Down

17> EUR/AUD
Daily:  Doulbe top - wait for retest and enter for Short trend -- keep hold on sell signal
Weekly:  With in Bullish candle, now goign bearish and expected to continue bearish trend.
Monthly: Last month was Hammer, Shooting Start - expected bearish. This month is still bullish

Octomber 3rd week statement analysis

Any Improvement

- Yes, compare to last month trading .. now hastiness is reduced. 

- Started maintaining the Trading Journal 

- Every day Forex trading commentary is useful

- Will continue with it. 

- Time constrain, the beauty of international forex trading is u can multiply your time by using the concept of Post orders :)

- And secondly time constrain can be removed by knowing that only 2-3 trading setups are good enough to get weekly profit

 Learning

-  From the previous week working on and the book Pshyco-cebernetics helped to build Self Image. 

1. Need to change mind set - "Whenever trading with higher risk - I am always taking the losses" to

=>Always => Sometime => Seldom => No more

2. Need to change mind set - "I am not getting enough time for trading" to

=>I have sufficient time for Trading to get the Expected Result in Stipulated time

- Focus on 2-3 pairs is sufficient.. But Please make habit to check daily candle trading setup on every Forex Pair

Must Do 

- Inculcate habit of writing Trading Journal for every Trade - Must Do

- Inculcate habit of sharing the trading setup on daily basis :) Must do

- let the whole word knows what you think on it.

- Please make habit to check daily candle trading setup on every Forex Pair

Thanks - Lets Get tuned my self into the trading and keep moving Forward ... :) 

Last Week Account Statments -I 

Last Week Account Statments -II

Useful Tools Forex Trading Tools

1> Forex Economic news Calendar
     -- http://www.candleforex.com/ff/fxnewsalert.zip
    -- Download and install it

    -

2>  Forex Daily Commentry
      Price Action analysis
--- Looks very good
---  http://www.youtube.com/user/FXEmpirecom

---------

3> Nail Muller forex analyis
  http://www.learntotradethemarket.com/forex-trading-commentary

4> Margin Money Calculator 
http://www.instaforex.com/forex_calculator.php
The way it is calculated is described in above link

Trader Calculator:
On this page you can find formulae for calculating the value of one pip. The value of a pip is calculated on the basis of the current rate of a given currency pair.

Note that 1 InstaForex lot is 10000 USD.

Please find below a formula to calculate the value of one pip for currency pairs and CFDs :

Calculation of 1 pip value:

1. XXX/USD
p.v. =1 * (trade volume)
2. USD/XXX
     p.v. = 1/(USD/XXX) * (trade volume)
3. AAA/BBB
     p.v. =(AAA/USD)/ (AAA/BBB) * (trade volume)

5> Why traders loose money

I found following posts changing my life - So I have shared with you
http://www.learntotradethemarket.com/forex-articles/how-to-remove-your-fear-of-losing-money-forex-trading?awt_l=AH9VE&awt_m=JXIZM9jiaXwtMW

http://www.dailyfx.com/forex/fundamental/article/special_report/2013/01/03/forex_analysis_why_do_many_traders_lose_money.html

Thanking You !!

Avinash Sawant

Sep 3rd Week Forex Analysis | Forex Forecast | Forex Commentary

18-Oct-2012 => Forex Analysis | Forex Forecast | Forex Commentary

Yesterday - 

USDJPY - played a brilliant role just came near to my stop loss and then again took the up trend. Due to fear of losing money I kept  my target at the entry point & God survives me ---- It was major risk of 30$ i.e. 4%
GBPUSD - It was expected to go bullish - didn't happen - started down trend from the entry point and hit the stop loss 10$

Today 
NZDUSD - After so many pinbars in last few days  nice bullish engulfing pattern I m in for this

EURUSD - Bullish continuation - looks like now reverse/retrace move
USDCAD - Daily Berish Engulfing bar - covering previous 5 candles
AUDUSD - Super Duper  Bullish breakout from the previous level, Sorry I couldn't be part of it - Missed the rally, due to unexpected trade on USDJPY
GBPJPY - Classical - 5 days uptrend, after morning star signal :) Sorry I missed the rally
EURJPY - Classical Triangle Breakout 6 days continuous uptrend :) Sorry I missed the rally
AUDJPY - Classical UP trend of 5 days after pin bar setup last week :) sorry  I missed the rally



17-Oct-2012

Forex Analysis | Forex Forecast | Forex Commentary

Yesterday  
-  All the Pin Bars results in Bullish push EURUSD, USDCHF, USDCAD, AUDUSD,
-  EURJPY - classical triangle break out
-  EURNZD - Most awaited classical bullish break out
- NZDCAD - Triangle Breakout
- EURGBP - Classical Triangle Break out -(Cup and Handle Shape)
- EURAUD continuation of Bullish trend,
- Silver - is in retrace mode - No special movement 

Today
- Lot many pairs has bullish trend .. we can Buy limt @ 50% of bullish
-  Mistakenly buy on usdjpy
-  Expecting GBPUSD - Go bullish here onward
-
- 

16-Oct-2012

Yesterday -

Forex Analysis | Forex Forecast | Forex Commentary

AUDUSD & Silver --- Went as per expectations.

Today 

- Didn't find any good trading setup 

-  EURJPY - Daily Near to Triangle Breakout -- Will wait for 2nd swing take out and then put the buy limit

- Silver -  I m looking for downtrend continuation. Will it continue to  ~31.40 mark.. untested level??  - 

- lot many pairs has pin bars on daily chart (like as - EURUSD, USDCHF, NZDUSD,  AUDUSD), but these are with in range - Does it has any importance?

- Lets wait for evening :) or today to get some Good Trading Setups 

Useful Tools Forex Trading Tools

14-Oct-2012
Forex Analysis | Forex Forecast | Forex Commentary

AUDUSD
- after Monday to Thursday uptrend - Friday Bearish Engulfing
-  Now expected to toch the previous support level (1.0150)and then if it breaks there will a stong down fall

EURAUD
- Similar to Morning Star
- We can expect uptrend  till the previous high

AUDJPY
- Can be traded on H4 chart for Buy & putting a reverse order to sell?

EURNZD
- buy? - Need to wait for previous high level
- I m In for Buy - early  entry -

Silver
- Sell Opportunity
- Daily it looks Like Double Top

GBPUSD
- Buy - Wait for consolidation and trade of Long

GBPAUD
- Buy Signal
- Monrining Star

CADJPY
- Buy Signal

EUR AUR
- Morning Star

EUR/JPY
- Daily Triangle formation.
- Now Buy on H4 chart above the evening star kind of pattern
- And also Sell from this position to the lower end ends of triangle of the EUR/JPY
- Look for the selling opportunity

EURGBP
- Buy ?

GBPCAD ******
- Buy opportunity

NZDCAD
- sell opportunity
- consolidating daily market

Octomber 2nd week forex trading results

Nothing Great happened this week ... Whatever gain = Losses
Couldn't maintain the profit :(

 Learning
- Need to change mind set - "Whenever trading with higher risk - I am always taking the losses" to
=>Always => Sometime => Seldom => No more

- Need to change mind set - "I am not getting enough time for trading" to
=>I have sufficient time for Trading to get the Expected Result in Stipulated time

- Focus on 2-3 pairs is sufficient.. But Please make habit to check daily candle trading setup on every Forex Pair


Must Do 
- Inculcate habit of writing Trading Journal for every Trade - Must Do
- Inculcate habit of sharing the trading setup on daily basis :) Must do
- let the whole word knows what you think on it.
- Please make habit to check daily candle trading setup on every Forex Pair

Thanks - Lets Get tuned my self into the trading and keep moving.forward ... :) 

OCt 2nd Week Technical Analysis

GBPUSD
Monthly - Downtrend tread line break-out,expected to stay bullish till the above tradeline
Weekly - Rejection to go below we can put trade on both side - I am expecting Bullish Here onwards
Daily -
Wait for H4 candle close -

Buy at - 1.6130 Target-1 - 1.6300 Target-2 ~ 1.6414  SL 1.6060
we can put a reverse order at 1.6060 Sell at 1.6060 Target 1.5915 SL - 1.6143

AUDJPY -
Daily Ranging With the Rectangle
- I am expecting a bullish here onwards till the top of rectangle
- Buy @ 80.30 Target 83.00 SL 79.40

Monthly -  High wave candles in last 2-3 months- previous is bullish piercing pattern expected to continue bullish
Weekly - Rangning with in 80.00 -83.00

EURNZD
- Expected to Go Bullish
- As close is ab above round number 1.5900 & crossed the previous resistance successfully
- Buy @ 1.5900 target 1st 1.5600

OCt First Week Statment

Last month last week - I Was traded with high risk considering Best trading Setups .. but that did not result into good output .. as it just got reversed after 1st target hit .. while I was waiting for some predefined target in mind :) :)  and hit the stop losses

So learning was -
Best Trading Setup will not always convert into best trading results :) or predefined targets -- Need to move SL To break even point ASAP or take out profit at 1st target either partially or fully.

This Week
- Going Good  :)  Yet lot many things to implement !!

Attached file contains this week trading.