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  1. Alexfx79

    Daily forecast for shorts and longs

    There is still uncertainty and high volatility on the markets due to Trump’s win. I’ll continue to trade intra-day with minimal risk from the key support and resistance levels by the end of this week . I plan to buy GBPUSD after break and retest of the 1.2450 level. Stop loss can be set...
  2. Alexfx79

    i'm new here...

    :) I see what you are talking about. I meant not the full situation control, but understanding whether the trade can be profitable or not, getting onto the market and seeing the price movement, controlling not the price itself, but opened orders. I know that overtrading and putting orders every...
  3. Alexfx79

    Daily forecast for shorts and longs

    I identified the following levels on USDJPY: Support - 102.00 Resistance - 103.35 I plan to sell in case of reaching the 103.35-103.70 zone. I’ll look for confirmations at the smaller timeframes. Potential movement - to 102.50.
  4. Alexfx79

    Daily forecast for shorts and longs

    So… We can see Trump’s victory. The representative of the Republican Party got 276 votes against 218 that Clinton got. We should expect increased volatility in financial markets in the nearest future. Most likely that US dollar continues to lose ground against a basket currency basis. I plan to...
  5. Alexfx79

    Daily forecast for shorts and longs

    Finally, presidential elections in the US will take place today! The attention of investors and financial market participants is drawn to the event. Current polls indicate the victory of Hillary Clinton. I don’t expect publication of critical statistical data and adhere to conservative trade...
  6. Alexfx79

    Daily forecast for shorts and longs

    USDJPY. Yen is trading at 104.40-104.55 offer zone at the moment. I plan to look for entry points at the exit and retest zone. If quotes will rise above 104.55, I plan to buy. Potential movement – to 104.90. If the price consolidates below 104.40, I’ll think of short to 104.05.
  7. Alexfx79

    Daily forecast for shorts and longs

    The presidential elections in the US will tale place tomorrow. The market should be highly volatile. There are quite sharp and impulsive movements. I recommend to reduce the risks. It’s not the right time to open medium-term positions. I plan to work within key levels intraday. If EURUSD...
  8. Alexfx79

    Daily forecast for shorts and longs

    The most important economic data on the US economy Non-farm payrolls will be released today. I won’t open transactions today. So, I’ll just watch the market, the key support/resistance levels and see how currency pairs react to them. I’ll continue trading on Monday. Wish you all high profits :)...
  9. Alexfx79

    Daily forecast for shorts and longs

    An interesting situation formed on AUDUSD. The currency is testing 0.7675-0.7680 demand zone at the moment. If it holds and additional evidence at the smaller timeframes will appear, I’ll sell. Profit-taking might be at 0.7650 level.
  10. Alexfx79

    Daily forecast for shorts and longs

    I look for long on GBPUSD. British currency has risen significantly against the US dollar over the past few trading sessions. The pair overcame and fixed above 1.2300 resistance level. It’s testing the 1.2350 resistance level at the moment. I’m going to buy after breakdown and retest of this...
  11. Alexfx79

    Best forex trading platform for a newbie?

    I can say that MT4 is good and stable software, and the main thing - it's secure! that's why practically all brokers offer this trading platform. There are lots of means for analysis and everything to trade with comfort. You can even write your personal strategy there (look at the programming...
  12. Alexfx79

    Top Advantages of Forex Trading

    Anyway, you won't be able to treat it like a hobby forever. I trade on forex for several years and it has become kinda routine... I see certain levels and price action patterns and I open orders. I see signals that I have to close them, I do. Analysis becomes more routine too. Still I can't say...
  13. Alexfx79

    Daily forecast for shorts and longs

    USDCAD. Technical picture on H1 timeframe indicates development of corrective movement in the nearest future. I highlighted 1.3360 support level. If there will be breakdown and retest of this level and additional confirmation signals appear on the lower timeframes, I’ll sell. Profit-taking will...
  14. Alexfx79

    Daily forecast for shorts and longs

    Yen has significantly adjusted over the past few trading sessions. I continue to watch USDJPY at short. At the moment, the currency broke 103,650 local support. In case of retention of this level and confirmation appearing at smaller timeframes (Price Action patterns on M15) I plan to sell...
  15. Alexfx79

    Daily forecast for shorts and longs

    Long trade is also an idea for Kiwi (NZDUSD) today. I consider buying after break and test of today's high (0.7173). Potential movement to the local resistance - 0.7200. The transaction will be short-term and speculative. Stop loss may be set slightly below the signal formation
  16. Alexfx79

    Daily forecast for shorts and longs

    I look for long on Pound today and hope there will be continuation of correction on GBPUSD In case of breakdown and retest of 1.2245 resistance level, we should buy. I’ll look for the confirmation and the entry point at smaller timeframes. Potential movement - to 1.2275-1.2300.
  17. Alexfx79

    Daily forecast for shorts and longs

    Sorry if you misunderstood me, I didn't meant to go long-term :) The last screenshot shows that the trend goes up, I added indicators to prove that I caught the trend in a right way. As for this thread, I just want to share my thoughts with others, discuss opinions, just like we do now. It's...
  18. Alexfx79

    Daily forecast for shorts and longs

    I don't have open mid-term positions currently as markets are very unpredictable (my personal opinion). Moreover, elections in the US increase the uncertainty. I try to trade intraday at the moment. I define key levels on the H1, H4, D1 timeframes. I look for the point of entry, validation and...
  19. Alexfx79

    Top Advantages of Forex Trading

    Those who got their money back is really lucky, cause there were some companies that dissapeared and no one got money. Sad story :( You are talking about obvious things, guys. :D
  20. Alexfx79

    Daily forecast for shorts and longs

    USDJPY. It’s time for short trades. I’m going to look for the point of entry after the prices will overcome and fix below the 104,850 support level. Potential movement - to 104.40-104.25. Stop can be located slightly above the signal formation. I consider to take profit with the use of trailing...
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