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  • #106 Collapse

    Hello everyone.

    Welcome to the trading journal update. I hope you are all fine and making a good profit from the high violation of the market. The new week is begun, and we are ready to execute our trading plan and try to grab the pips from the major currency pairs. As we can see, the dollars index strength will continue climbing, and fluctuation above the 100-day simple moving averages will resume the upside band around 103.80 when passing through the daily pivot point with crossing the bridge of 50% Fibonacci retracement level at 104.40, then follow through the long-term reversible correction at 105.90. On the other hand, if sellers' pressure and high impact news data will give a negative response and declining the price sharply below the 200-day simple moving average at 102.60, then bulls may no longer, and downside divergence may challenge the 38.3% Fibonacci retracement level with crossing Bollinger bands middle lines of the north zone at 100.45. Currently, traders need to get the confirmation level breakout and take additional trend direction risk on the USD-related pairs in a massive swing between 100.00-106.90.

    Closed trades:

    As you know, I had buy trades running on the NZDUSD pair and rebound expected to the upside correction indication around 0.6490. Still, the US index exchange rate will decline the price in the last couple of sessions and currently trades below the 200-day simple moving average at 0.6390 oversold region. In this scenario, I decided to close all positions with loss and decline the price further below 0.6300, then take upside risk and set the long-term reversible consolidation target above 25 and 50-day simple moving averages at 0.6560. In addition, if dominant buyers reject the downside base and sudden trend changes raise the price above the 50% Fibonacci retracement level at 0.6500, then keep holding the upside trades around 0.6690 at the end of the week.

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    Today News Events:

    Today, we can see the "MPC Member Saunders Speaks" medium-impact news schedule for the GBP currency. These major news events will give more fluctuation in the US index and related currency pairs.

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    ​​​​GOLD SELL TRADES:

    The price of gold hovering around the 1878 support zone and moving price action will already breakout the oversold downside channel by crossing 200-day simple moving averages at 1849. In this situation, the bearish trend resumed for this month, and the further correction was possible in the US session around 1830. I decided to open sell trades, follow the long-term reversible trend, and set the expected valid downside target by crossing the bridge of Bollinger bands and oscillators clouds middle lines of the north zone at 1835. If US index strength controls the bullish impulse, then a bearish scenario may directly challenge the immediate support hurdle at 1800. On the upside, the buyers are awaiting correction to breakout the 50-day simple moving averages at 1920, completely removing the bearish trend, and upside reversible consolidation may target 1945 and keep holding the bullish base throughout the week. The short-term investors need to wait for indicators signal confirmation and then continue holding the trades in massive swing over 1850-1930.

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    Running Trades:

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    • <a href="https://www.instaforex.org/ru/?x=ruforum">InstaForex</a>
    • #107 Collapse

      Hello everyone.

      Welcome to the trading journal update. I hope you are all fine and making a good profit from the high violation of the market. As we can see, the US index exchange rate will continue to have bullish strength and rises significantly throughout the last couple of weeks, which will be a strong revolution of buyers, and overboard conditioning may already breakout the upper descending channel at 104.16. This week's high impact news data will give Indication further growth. When passing the 100-day simple moving averages at the 104.77 resistance barrier, the upside rally may resume the bullish base with the crossover of 61.8% Fibonacci retracement level at 105.45. On the downside, the first support dives the price below 103.20. Additional losses may charge the 50-day simple moving averages crossing the Bollinger band middle lines in the north zone to handle the 102.50 support region. The short-term rebound will only target the 103.60 barriers, and then the upside trend may resume the rally around 105.00.

      Closed trades:

      As you know, I had sell trades running on the gold and major declining with the long-term trend direction will hit last support consolidation level at 1851, which will be a dominant revolution of sellers in the metal market to controlling the support breaking barrier around 1820. I decided to close all these positions with good profit, and when the moving price declined below 1800, then must break the 1776 middle base to give reversible correction confirmation at 1890. Currently, the bearish scenario gives Indication for 1845 when passing through this downslope; the next broken neckline may challenge the MACD and RSI middle line, which will strongly point towards the bearish base 1830-1815. The short-term investors need to wait for these obstacles' breakout and then take trend direction risk in the specific weekly and daily pivot point closing areas around 1820-1900.

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      Today News Events:

      Today, we can see the "FOMC Member Waller Speaks" medium-impact news schedule for the USD currency. These major news events will give more fluctuation in the US index and related currency pairs.

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      ​​​​EURUSD BUY TRADES:

      The price of EURUSD hovers around 1.0570, and we can see the massive swing over the downslope will reject the 1.0450 support channel, and upside divergence may give an Indication that buyers' pressure may be breaking the neckline of 50-day simple moving averages at 1.0640. I decided to open buy trades and wait for US session price movement; if the upside base hits 1.0590, then continue to rise above the 38.8% Fibonacci retracement level at 1.0670. Technically, the MACD is trading below the red trigger line and strongly pointed towards the north, while the Bollinger bands and oscillators' bearish strength may give upside correction consolidation around 1.0690. Moreover, suppose sellers' pressure may reject the upside base, and US index strength may decline the price below 1.0500. In that case, the major factor declines the price sharply below the 200-day simple moving average at 1.0460, and the additional losses may challenge the 23.3%. Fibonacci retracement level at 1.0390. The current optimistic scenario will give positive strength and conditioning may be printing the 1.0600 on the cards in the overnight session.

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      Running Trades:

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      • #108 Collapse

        Hello everyone.

        Welcome to the trading journal update. I hope you are all fine and making a good profit from the high violation of the market. This week US index strength will continue climbing and follow through the previous immediate resistance hurdle at 103.90, which will be a strong indication for buyers that additional growth may challenge the 100-day simple moving average at 104.44. Today high, impact news data for CPI will give further upside recovering indication. When they surpassed the 104.50 barriers, buyers then opened the door to testify the middle trendline of the neutral base at 104.90. On the other hand, if news data give a negative response and decline sharply below the 50% Fibonacci retracement level at 103.00, then wait for the following confirmation breakout obstacles around 102.50, then take the downside risk selected range will clear the signal for long-term reversible correction at 101.70.

        Closed trades:

        As you know, I had buy trades running on the EURUSD pair and expected that a massive swing over range would give reversible divergence above the correction level of 1.0600. But the higher strength in the US index will decline the price further and take out the 50-day simple moving average at 1.0530. In this scenario, I decided to close all positions with loss and, when surpassed the new support or resistance barrier, then execute trend direction trades and recover previous losses. Currently, the bearish breaking neckline will open the door for additional losses and, when passing through the weekly pivot point below 1.0480, then follow through the long-term bearish trend and Bollinger bands crossover of fanfiction level around 1.0430. The short-term oscillators negatively affect the moving averages, and further decline may give high violation fluctuation in the overnight session at 1.0360.

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        Today News Events:

        Today, we can see the "Core CPI m/m" high-impact news schedule for the USD currency. These major news events will give more fluctuation in the US index and related currency pairs.

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        ​​​​GOLD BUY TRADES:

        The price of gold declined sharply below the 200-day simple moving averages at 1831, and then rebound will give an upside correction above the 50% Fibonacci retracement level at 1845. In this case, I decided to open buy trades because the oversold conditioning region may already cover the new support and further growth expected above the Bollinger bands and oscillators clouds middle trendline of 1870. In the earlier session, if high-impact economic data will decline the price below the 20 and 40-day simple moving averages, then bulls may no longer, and subsequent possible support breakout will surpass the barrier of 1800. According to the daily chart analysis, the moving price gives upside correction, and the consolidation process may attract buyers to print the 1850 and then follow through the 38.8% Fibonacci retracement level at 1890. Technically, the Bollinger bands and RSI middle lines have stability in the neutral threshold, and further indication will reach the new support or resistance convergence zone around 1800-1870.

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        Running Trades:

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        • #109 Collapse

          Hello everyone.

          Welcome to the trading journal update. I hope you are all fine and making a good profit from the high violation of the market. As we can see, the moving market will give high offense, and the US index exchange rate will continue touching the new resistance descending barrier around 104.20, which will confirm the bullish band to breach the 100-day simple moving average of 104.60. In the overnight session, the short-term oscillators and Bollinger band middle lines wait for positive strength when passing through the 104.40 with crossing the 71.3% Fibonacci retracement level at 104.90. After that, the bullish trend resumes and opens the door for buyers to keep holding the base with the crossover of fanfiction level 105.33, then follow through the immediate resistance consolidation level at 105.50. On the downside, if high-impact news data declined the price and rejected the 104.40 resistance, then expected rally covering the 50-day simple moving average at 103.70, further drops may challenge the 50% Fibonacci retracement level at 102.99.

          Closed trades:

          As you know, I had buy trades running on the gold, and the moving price will reach the short-term bullish correction impulse at 1858, which will be the dominant range for sellers, and the next downside entry point clears the signal from 1870. I decided to close all these positions with some profit because the long-term reversible trend remains bearish, and further drops may directly decline the price below the 200-day simple moving average at 1820. In addition, if buyers' pressure keeps holding the bullish base and surpassing the upper band of 1890, then bears may no longer, and upside correction possibly reached the breaking neckline of 1930. The short-term investors need to do scalping and follow through with the weekly and daily pivot point, then execute additional trades to grab the pips from the metal market. The expected valid range for the current week is 1820-1920; when breaking these barriers, the trend will change and attract buyers or sellers to keep holding the base.

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          Today News Events:

          Today, we can see the "PPI m/m" high-impact news schedule for the USD currency. These major news events will give more US index and related currency pairs more fluctuation.

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          ​​​​USDJPY SELL TRADES:

          The price of USDJPY hovers around 129.50. The last support is broken below the 20 and 40-day simple moving averages at 129.20, indicating downside correction. The creation of an inverted head and shoulders bearish triangular pattern will reflect the revolution of sellers around 128.30. I decided to open sell trades with the new breakout neckline of 50% Fibonacci retracement level at 129.50; if the moving price breakout, the next support barrier below 50-day simple moving averages at 128.40, then additional losses may challenge the oscillators clouds and Bollinger bands neutral base at 126.90. On the other hand, if buyers' strength rejects the support and continues climbing the price above 130.40, bears are entirely removed, and the upside base keeps holding the 25 and 50-day simple moving averages at 131.90. Currently, the weekly and daily bearish candles respond to adverse situations and possibly decline with the US index strength around 128.00.

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          Running Trades:

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          • #110 Collapse

            Hello everyone.

            Welcome to the trading journal update. I hope you are all fine and making a good profit from the high violation of the market. This week US index exchange rate will testify to the historical swing high at the monthly double top hurdle around 104.90, which will be an overbought conditioning region and attract buyers to push the further price upside by crossing the 100-day simple moving averages at 105.50. In this first session, if major factors touch these resistance obstacles, then open the door for additional gains with a massive swing over a range of 106.90. On the downside, if sellers' pressure rejected the upper-middle band of 105.70 and declined the price below the 50% Fibonacci retracement level at 103.00, then bulls may no longer and bearish strength printing the 101.50 and then follow through the immediate support divergence level at 100.00. Currently, the main focus of the moving price will be 105.00 when it surpasses this resistance neckline, then continue holding the 25 and 50-day simple moving averages at 105.45.

            Bonus Update:

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            Closed trades:

            As you can see, I had sell trades running on the USDJPY pair, which will give a downside correction below 127.50; the rebound will try to break the previous resistance consolidation level at 128.90. In this scenario, I decided to close all these positions with good profit because additional rises may challenge the bulls again, and an upside correction may be expected in the near term, further around 130.50. At the movement, the buyers awaiting for next breakout above 129.50 when passing through the 100-day simple moving averages at 129.80 then open the door for buyers to keep holding the previous resistance base above the MACD middle trendline of the neutral base at 131.90. In addition, the major instruments are still recovering the bullish convergence zone, and further growth may give new resistance descending channel above 135.00.

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            Today News Events:

            Today, we can see the "Prelim UoM Consumer Sentiment" medium-impact news schedule for the USD currency. These major news events will give more fluctuation in the US index and related currency pairs.

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            ​​​​AUDUSD BUY TRADES:

            The price of AUDUSD hovers around 06880, and we can see the massive drop will cover the oversold barrier below the 200-day simple moving averages with the crossover of 23.3% Fibonacci retracement level at 0.6930. In the earlier session, the US index rebound and overboard breakout of 104.90 level will make some bearish correction, and downside pressure may push the price of AUDUSD above 0.6990. I decided to open buy trades and wait for the next Bollinger bands and oscillators clouds middle trendline confirmation, then holding these positions above the 0.7040. Technically, the MACD is trading below the red trigger trendline and showing an oversold negative direction, while the RSI indicator is recovering the 30; thus, the upside correction may first breach the 50-day simple moving averages neckline of 0.6930 and then follow through the weekly and daily pivot point hurdle around 0.6990-0.7140. The short-term investors need to focus on the US index and high-impact news data that will significantly affect the price and give more than 100 pips violation on the daily candle, and the expected specific range will clear the signal for next week trading around 0.6720-0.7200.

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            Running Trades:

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            • #111 Collapse

              Hello everyone.

              Welcome to the trading journal update. I hope you are all fine and making a good profit from the high violation of the market. The week is over, and a massive swing over a range of the US index will decline the price of major USD-based pairs to breach the new support divergence hurdle in the overnight session. The current stability scenario will give positive strength and conditioning may break out the 100-day simple moving averages at 104.98, and then reversible correction may decline the price and daily candle closing below 104.40. In this case, further downside consolidation is possible in the first session of the upcoming week, and if surpassing the barrier of 61.3% Fibonacci retracement level at 103.80, the further decline may challenge the immediate support hurdle at 103.00. On the other hand, if buyers convergence breakout the ascending channel of daily and weekly closing pivot point at 105.30, then open the door for additional growth with the crossover of fanfiction level at 106.00.

              Closed trades:

              As you know, I had buy trades running on the AUDUSD pair, and the expected range will cover the immediate resistance above the middle trendline of the neutral base at 0.6940, which will be a strong indication that the upside is reversible correction may again breach the high swing range of 0.7050. I decided to close all positions with good profit. If the moving price declines, the price is below 0.6800, then take additional upside risk with a solid entry point and set the existing target above 0.7000. Currently, the bullish base attracts buyers and overboard conditioning, confirming the bullish reversal triangular pattern is crossing the bridge of 50% Fibonacci retracement level at 0.7100, then opening the door for additional growth by passing through the Bollinger band middle trendline of 0.7270. The short-term investors need to get fundamentals confirmation and then take additional risk to grab the pips in massive swing over a range of 0.6740-0.7200.

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              ​​​​CRUDE OIL BUY TRADES:

              The price of crude oil is hovering around 110.20. We can see the last resistance broken above the descending trendline of 100-day simple moving averages at 100.60, which will be a strong revolution of buyers, and the next session gives an indication for crossing the 71.3% Fibonacci retracement level at 112.50. I decided to open buy trades from the lower channel of 109.70 and keep holding these trades at least the 111.00 resistance zone. If the buyer's strength breaks this level in the next session, wait for additional confirmation above the oscillator's cloud middle base of 115.00 to take upside risk for the previous immediate resistance consolidation level at 120.29. Technically, the Bollinger bands and RSI indicators will give bullish strength, and multiple times rejection of 95.00 support will show bullish trend resuming for a current month around 125.90. In addition, if sellers rebound the price below 105.00, then bulls may no longer, and additional losses may be recovering the 25 and 50-day simple moving averages at 101.70, then follow through the long-term reversible bearish divergence level in the specific monitoring range of 98.00.

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              Running Trades:

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              • #112 Collapse

                Hello everyone.

                Welcome to the trading journal update. I hope you are all fine and making a good profit from the high violation of the market. The new week is begun, and we are ready to execute our trading plan to get some pips profit from the major pairs and assets. As we can see, the US index exchange rate will continue to have the strength, and breaking the barrier of 100-day simple moving averages at 104.98 will open the door for buyers to keep holding the middle base of oscillators bullishness clouds around 105.50. Currently, the moving price fluctuating below the 104.50 and further decline below the 50% Fibonacci retracement level at 103.90 will attract sellers to cover the reversible correction level at 103.30. Moreover, the short-term investors need to wait for the US session breakout neutral base, and then additional risk will give a confirmation signal with the crossover of fanfiction level 102.59-105.00.

                Closed trades:

                As you know, I had buy trades running on the crude oil, and today's market will first touch the resistance barrier of 111.70 and then decline sharply below the 50-day simple moving average at 108.10. I decided to close all positions with loss at the current stability zone because further drop may challenge the lower descending appearance of 200-day simple moving averages with the crossover of 50% Fibonacci retracement level at 102.90. I expected the bullish trend to resume for the current week and have an existing target above 112.50 and the moving price rebound with sellers pressure to give downside trend confirmation around 105.00. If the moving price surpasses this barrier, then additional losses may decline the price sharply below the 20 and 40-day simple moving averages at 100.00.

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                Today News Events:

                Today, we can see the "Monetary Policy Report Hearings" high-impact news schedule for the GBP currency. These major news events will give more fluctuation in the US index and related currency pairs.

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                ​​​​GBPUSD BUY TRADES:

                The price of GBPUSD is hovering around 1.2250, and we can see the massive swing over range will raise the price above the 200-day simple moving average at 1.2296. I decided to open buy trades in this downside correction and selected the existing target above the 1.2300 resistance zone. In the earlier session, if US index strength rises, the price above 38.8% Fibonacci retracement level and crosses the bridge of Bollinger bands middle trendline then open the door for additional growth around 1.2440. On the other hand, if sellers' pressure and significant factor decline the price below the previous week's recorded lower zone of 1.2130, additional losses may be pointed towards the 1.2050 immediate support and then follow through the weekly and daily pivot point hurdle at 1.1970. Currency, the moving price, and daily chart analysis will give a bullish indication. Running trades will provide some pips with profit, wait for an overnight session, take additional risk and manage these positions with profit to recover previous losses.

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                Running Trades:

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                • #113 Collapse

                  Hello everyone.

                  Welcome to the trading journal update. I hope you are all fine and making a good profit from the high violation of the market. As we can see, the US index price dropped this week and breached the lower band by crossing the 100-day simple moving average at 104.20, which will be a short-term reversible indication for sellers to regain control of the 50% Fibonacci retracement level at 103.40. In the first opening session, the high-impact news data will drop the price, and also today's core retail data release will significantly change the price action of the moving market. If the price drops further, sellers' pressure may be valid for 102.70 and then follow through with the daily closing pivot point hurdle at 101.30. On the other hand, if buyers' pressure resumes and rejects the downside band, the expected resistance rally will touch the 61.3% Fibonacci retracement level at 105.80. The short-term investors need to focus on today's economic data and follow through with the long-term reversible trend direction of the moving market.
                  ​​​​​​
                  Closed trades:

                  As you know, I had buy trades running on the GBPUSD pair, and a massive swing high will raise the price above the 100-day simple moving average at 1.2330. In this case, I decided to close all positions with an enormous profit of $70. When surpassed the barrier of 1.2440, bears may no longer take additional upside risk with an expected existing consolidation range of 1.2660. In addition, if bearish divergence may continue to follow the previous trend, then wait for 1.2100 support to resume the Bollinger bands middle trendline base of 1.2040. Currently, the upside base with bearish correction of the US index will continue to 25, and 50-day simple moving averages at 1.2550 then open the door for additional gains to reach the upper band of 1.2890.

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                  Today News Events:

                  Today, we can see the "Fed Chair Powell Speaks" high-impact news schedule for the USD currency. These major news events will give more fluctuation in the US index and related currency pairs.

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                  ​​​​CRUDE OIL BUY TRADES:

                  The price of crude oil is hovering around 114.20, and we can see the massive swing over will break out the monthly peak divergence level of 112.90, which will confirm that the bullish trend resumes covering the overbought barrier of 100-day simple moving averages at 120.50. I decided to open buy trades with the current stability zone and wait for the next session breakout above the 71.3% Fibonacci retracement level at 116.40; I plan to keep holding the bullish base above the descending channel of 119.40. The MACD trades above the middle trendline and is firmly pointed towards the south zone. At the same time, the RSI and Bollinger band's overbought conditioning may challenge the bulls to make additional gains in a massive range of 50 and 100-day simple moving averages at 124.30. Moreover, the sellers are also awaiting downside correction. Creating an inverted head and shoulders pattern will decline the price sharply below the 103.70, and then bulls may no longer open the door for sellers around 95.99.

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                  Running Trades:

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                  • #114 Collapse

                    Hello everyone.

                    Welcome to the trading journal update. I hope you are all fine and making a good profit from the high violation of the market. This week's market will give high offense, and a massive drop in the US index will provide major changes in the overnight session, which will confirm that sellers' pressure resume the downside trend, and another crossover of 200-day simple moving averages at 102.70 will open the door for next descending channel of 102.00. In the first session, the high-impact news data for Core retail will decline the price, and today also important news release that will significantly reduce the cost below 102.50, then follow through the immediate support hurdle with diverticulitis of 50% Fibonacci retracement level at 101.45. In addition, if the upside band rejects that support and positive strength will directly challenge the bulls by crossing the bridge of 50 and 100-day simple moving averages at 104.50, then bears may no longer, and further growth may appear in the US session around 105.70.
                    ​​​​​​
                    Closed trades:

                    As you know, I had buy trades running on the crude oil, and the last closing candles will the first breakout the resistance divergence consolidation level at 115.50 and then drop the price sharply below the 50% Fibonacci retracement level at 113.30. I decided to close all positions with some pips profit because reversible moves again give a bullish correction above 114.50, which will be a strong revolution of buyers to keep holding long-term trades around 120.95. The short-term oscillator clouds will give scalping indication, and open small lot trades will provide good profit in massive swing over 112.50-116.70. The overlapping divergence of moving averages will directly be pointed towards the bullish base, and additional growth may testify to the previous month's peak level around 130.50.

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                    Today News Events:

                    Today, we can see the "CPI y/y" high-impact news schedule for the GBP currency. These major news events will give more fluctuation in the US index and related currency pairs.

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                    ​​​​GOLD BUY TRADES:

                    The price of gold hovering around 1816 supports the consolidation level, and we can see the upside band will breakout the 38.8% Fibonacci retracement level at 1835, which will be a strong revolution of buyers and give a reversible correction indication to reach out descending trendline at 1870. I decided to open buy trades with the current bullish trend and wait for the next session breakout above the 100-day simple moving averages at 1859; when passing through this barrier, then open the door for buyers to keep holding the upcoming middle neutral threshold around 1890. Moreover, if sellers' pressure rebounds, the price and weekly candle reversible correction may decline the price below 20 and 40-day simple moving averages, first crossing the Bollinger bands middle base at 1800 and then clearing the direction for the next immediate support divergence level at 1778. The moving price will fluctuate below the 1820 and another crossover of new support or resistance to give additional confirmation in massive swing over 1760-1890.

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                    Running Trades:

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                    Huggy Buggy Trading Journal

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                    • #115 Collapse

                      Hello everyone.

                      Welcome to the trading journal update. I hope you are all fine and making a good profit from the high violation of the market. As we can see, the US index exchange rate will first decline below the descending trendline of the neutral base at 103.20 and then rebound will continue to follow through the immediate resistance consolidation level at 103.90. In this scenario, the bullish pressure resumes the upside trend, and further growth may directly challenge the 100-day simple moving average at 104.55, opening the door for buyers to breach the previous week's top hurdle around 104.99. The short-term oscillator clouds provide bullishness in the price, and overnight sessions with high impact news data will give reversible correction in massive swing over a range of 104.20; when surpassing this barrier, additional factors may increase the internet rate around 104.67-105.50.

                      Closed trades:

                      As you know, I had buy trades running on the gold and last resistance rally broken the short-term reversible correction trendline at 1824, which will not give confirmation signal for upside and then rebound will attract sellers to decline the price below the 200-day simple moving averages at 1812. I managed these trades with some pips loss because the long-term trend remains bearish. Possible consolidation may challenge the 1800 support and decline sharply below the next 38.8% Fibonacci retracement level at 1782. On the upside, if the bullish trend resume and additional growth may appear above the 25 and 50-day simple moving averages at 1850, then bears may no longer, and downside divergence continue covering the overbought region at 1899.

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                      Today News Events:

                      Today, we can see the "Unemployment Claims" medium-impact news schedule for the US currency. These major news events will give more fluctuation in the US index and related currency pairs.

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                      ​​​​EURUSD SELL TRADES:

                      The price of EURUSD hovers around 1.0470, and we can see the massive swing first covering the resistance top above the 100-day simple moving averages at 1.0580, which will be the dominant range for buyers, and overboard conditioning may reject the 50% Fibonacci retracement level at 1.0640. In the current legislation scenario, I decided to open sell trades. The expected range for the US session will drop the price below 1.0420; when passing through this support barrier, then open the door for sellers to reach the lower base of 1.0370. Currently, the major instruments provide a negative situation, and further downside rally may attract sellers to recover the previous week's lower channel at 1.0320. On the other hand, if buyers' reversible convergence may challenge the 20 and 40-day simple moving averages, then Bollinger bands and oscillator clouds are also rebounding the price above 1.0740 at the end of next week.

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                      Running Trades:

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                      Huggy Buggy Trading Journal

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                      • <a href="https://www.instaforex.org/ru/?x=ruforum">InstaForex</a>
                      • #116 Collapse

                        Hello everyone.

                        Welcome to the trading journal update. I hope you are all fine and making a good profit from the high violation of the market. The US index exchange rate declined sharply from the monthly peak divergence level of 104.98, and we can see the massive drop covering the previous support convergence zone around 102.80. In this case, the dominant seller's pressure will resume the downside base, and additional confirmation with oscillator clouds middle breaking neckline of 102.30 will open the door for sellers to rebound further in the overnight session at 101.70. On the other hand, if buyers' strength rejects the downside base and upside reversible correction may target bulls above the 100-day simple moving averages at 104.40, additional growth may appear in a massive swing over a high of 105.90.


                        Closed trades:

                        As you can see, the massive changes in the US index strength will raise the price of the EURUSD pair again from the last support correction of 1.1470. After that, the strong reversible rebound will raise the price upside and touch the higher resistance divergence consolidation level at 1.0593. I closed all these positions with loss because the upside base continued for the next session and possibly reached the resistance top hurdle at 1.0680. In addition, the downside reversible correction may first change the scenario at 1.0440, and then the confirmation signal may print the bearish base in a massive swing over a range of 1.0390. The short-term investors need to focus on new support or resistance-breaking barrier and then execute additional trades to grab the pips from the market.

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                        Today News Events:

                        Today, we can see the "MPC Member Pill Speaks" medium-impact news schedule for the GBP currency. These major news events will give more fluctuation in the US index and related currency pairs.

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                        ​​​​USDJPY SELL TRADES:

                        The price of USDJPY is hovering around 128.00, and we can see the last support breaking the 200-day simple moving average at 127.07, which will be a strong indication for sellers. Then further declaration may directly challenge the immediate support with 20 and 40-day simple moving averages at 126.40. I decided to open sell trades at the current stage and wait for the next session breakout below 127.40; when this support barrier was surpassed, sellers opened the door to reach the 38.3% Fibonacci retracement level 126.90 and then kept holding the bearish base around 125.70. On the other hand, if buyers' pressure rejects the downside band and upside convergence may challenge the 100-day simple moving averages at 129.20, then bears may no longer, and additional growth may appear in next week at around 130.66.
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                        Running Trades:

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                        Huggy Buggy Trading Journal

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