Zaimi Yazid / Профиль

This week (WW25): 1153 pips, 35 trades, 32.9 pips/trades

This week (WW25): 1153 pips, 35 trades, 32.9 pips/trades

for some reason, I will start trading on a new account next week. still using the same broker Alpari Limited (alpari.com) and with usd350 amount of capital I will trade lot 0.02. assume my stop loss are ~70p, I will risk 3% per trade. if you wish to follow me from the beginning, you are most welcomed.

due to last night high impacted of usd news, one of my trade has been took out due to hit stop loss. both trades are using same risk, 55 pips stop loss. i sure many of you had this experienced, price took your stop loss, very frust if only one pip then move back to your favor direction.

usdcad: price came down, took my stop loss and move further 12 pips down before going up.

usdjpy: price came down and only 11 pips from my stop loss, before going up.

The following are latest short-term (mostly intraday) trading strategies for EURUSD, USDJPY, and GBPUSD.

EURUSD: Softness continues, and there's still no reason to fight the trend. Still like being short, adding on any recovery near the 1.1098 previous low, with a 1.1155 stop. Would expect to see some demand around 1.1000, but overall it looks like the first real support is the 1.0765 low from September 2003.

USDJPY: Buy USDJPY dips towards 119.50 with a stop below the week's low of 119.38. Resistance is 120.50 ahead of 121.80

GBPUSD: Would sell on rallies to 1.5270/80, targeting a test of 1.5200, with a stop above 1.5300.

Brent Crude: Double top? With the black gold rejected from the secondary (primary was the 55d ma band) correction target range (apex point of the triangle - top of the triangle) the question must be raised of whether we now have a double top in place or not? A move below 57.80 will confirm the double top and hence the resumption of the still underlying bear trend.

AUDUSD: Rechecking the downside break? Short covering after the RBA left rates on hold has pushed prices up in close proximity to the short term important 0.785 resistance. A break above this point will confirm that the past days selling (that didn't reach a new low) was merely a downside correction hence more upside potential should be penciled in near term. Potential targets for this correction are 0.7925 (an equality point) and 0.8040/66 (a Fibo projection point and the former key support that gave way early this year).

USDJPY: Sellers above 120. The bold move over a prior 119.84 high risks being negated today. So far the daily print looks bearish, but there is plenty of time for closing the bell to ring. But should local support at 119.54/50 not attract meaningful buying, the risk increases for a bearish print to be added toady and this would once more expose the key short-term 118.62/11 support zone. Key resistance above is located at 120.48/82 and the current intraday stretches are located at 119.3 & 120.5.

EURUSD: In range with downside bias. The 1.116-1.1246 box remains in place. Backdrop tools remain in keeps disfavoring the euro and thus a lower break is more likely once it happens than a move a back up through resistance (1.1246/1.1288). Current intraday stretches are located at 1.1135 & 1.125.

The following are latest short-term (mostly intraday) trading strategies for EURUSD, USDJPY, and AUDUSD.

EURUSD: The ECB decision on Thursday and US payrolls on Friday remain in focus. Still prefer to short but intraday, fade 50-60pip moves in either direction with a close stop at 1.1095 and 1.1275.

USDJPY: remains rangebound for now with higher highs and higher lows. USDJPY is probably a buy at yesterday's low, at least in the short term, with UST yields marching ahead. First support lies at 119.30 ahead of 118.60/70. Trim longs ahead of resistance at 120.50.

AUDUSD: was in focus in Asia with the RBA staying on hold against the market pricing in 60% chances of a cut. Still expect better levels to sell and AUDUSD to trade on bid now that RBA is out of the way. Start fading the rally around 0.8000. The first resistance is at 0.7910.

The following are short-term trading strategies for NZDUSD and USDCAD.

NZDUSD: prefer to remain short. The pair is right on top of a short-term support, at 0.7515. Add on rallies above 0.76 with stops above 0.7720. Key supports remain 0.7310 and 0.7175.

USDCAD: is right in the middle of the recent 1.2350-1.2600 range. The BoC meets on Wednesday and is widely expected to stay on hold after Governor Poloz's comments last week. Play the range - selling toward 1.2570 with stops above 1.2670 and buying on dips toward 1.24 with stops below 1.23.

Brent Crude: Headed into a 63.00/65.45 test. Trendline support seems to be respected still. Price action is mixed to bullish and a wider 63.00/65.45 zone of resistance seems to be in for a test. It is worth noting that the Feb monthly candle is potentially bullish and is posting a task for trend-following bears to neutralize. Current intraday stretches are located at 60.00 & 63.70.

Spot Gold: Looks set to test the $1,240s. From an Elliott wave perspective it's hard to make out what's currently unfolding, but for a near-term trader/bull a break over 1,223 should be encouraging for an attempt to also break resistance at 1,236/38. Those bulls would be less happy if local support at 1,204/01 is lost again. Current intraday stretches are located at 1,204 & 1,229.

USDCAD: Soon ready to burst higher. With the bullish key day reversal on Thursday the final subwave, e, within the triangle was put in place. The next step should accordingly be a break higher exiting the triangle and taking aim up into the 1.30's. Dips down to the 1.2450/60 area should be seen as buying opportunities.

EURUSD: Small pause before lower. Since the break of 1.1262 on Thursday the pair has continued lower albeit at a much slower pace. The slowing momentum, an hourly five wave pattern and a couple of 161.8% Fibo projection points all points to a possible minor upside reaction (1.1240?) before making a go at the 1.1098 low point.