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Trading Performance 2017-2018

EUR/USD

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EUR/USD News & Analysis

Forex signals

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Forex Trading Strategies News & Analysis
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GBP/USD

USD/JPY

AUD/USD

USD/CAD

Latest Articles

Australia's central bank is sounding upbeat about a sturdy labour market, a falling currency and resilient household consumption, but warned protectionist trade policies in the United States were a "material risk."

The EUR/USD continues to trade above 1.1600, but the full break through the 1.1700 handle has proved difficult so far, with U.S. data on Friday also offering investors the opportunity to take some profit after the post-ECB rally.

However, there is still considerable uncertainty in the current scenario with the U.S.-Chinese trade row about to escalate. Emerging markets jitters have not been solved by the rate hikes in Turkey and Russia last week. Admittedly, an overall risk picture of this type does not call for heavy directional trading right now, although it probably favors higher implied volatilities as we move towards the end of the year. The weekly agenda is also unlikely to alter the ongoing market mood. The most relevant data releases will not occur until Friday, with the Eurozone preliminary PMI surveys for September, which are expected to show another modest fall in both the manufacturing and the service components, although probably not enough to represent a significant drag for the EUR.                                                                             

This is how we trade now:

EUR/USD

Trading strategy: Long

Open: 1.1550

Target: 1.1750

Stop-loss: 1.1605 (raised from 1.1450)

Recommended size: 2.00 mini lots per $10,000 in your account

Short analysis: On Friday EUR/USD registered the biggest one-day fall of September so far, putting bulls under severe pressure. The 10-DMA, currently at 1.1616, has stemmed losses (just above our raised stop level) and we see a recovery today. We remain long.

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