Some Basic Questions and Answers About Forex

1- What is forex trading?

Forex is the acronym of Foreign Exchange and forex trading include the currency exchange from different countries. Leverage is generaly provided by the intermediary firm.

2- What is the volume of the Forex Markets?

Forex is the most liquid market in the world with 5 trillion $ daily volume.

3- Is anybody can trade in Forex Markets? Who should trade in this market?

If there is not a legal issue and there is no jurisdiction, anyone can trade. However, by its own nature, forex market has high volatility, sensible the any economic event, trading in forex contain high risk. Any time, by any news, price can react very fast and wide range. The person who want to be in that business should be conscious about these risks.

4-  Is there a limit to open an account or trade?

There is no legal limit but the firms can apply some account openning and position openning limits.

5- How people prepare theirselves who want to trade in Forex Market?

Newbies must learn the basic theoritical informations about Forex. Margin requirements, relation between position-leverage-profit/loss and the effects of these conditions must be known by the trader.

6- Is Forex can be used for the aim of investing?

Yes, traders can invest and hedge their positions with forex marets.

7- What are the advantages of trading in the Forex markets?

• High liquidity: Due to 4-5 trillion dollar daily volume, forex is the most liquid market in the world. Therefore, the manipulation is almost impossible.
• Leverage: Thanks to leverage, investors are able to open position that bigger the amount of their initial margin.
• Order range: There are wide order diversities. Sell stop, buy stop, stop loss, take profit, sell limit, buy limit, trailing stop-loss are very usefull order types to limit your risks.
• Instruments variety: An investor can find lots of currency pairs, indices, commodities to trade and can select the instruments that fits his/her style most.
• Easy Access: Online platforms via internet can supply the investor an easy access any time.
• Opening position in two way: Investors can sell or buy the pair. 
• Low cost: As a result of high liquidty, the costs per action are very low.

8- What is the leverage?

With the leverage, investor can define how much more can he/she invest with the initial capital. For instance, if you have 100$ and 100:1 leverage, you can invest 100*100 dollar.

9- How many instruments there in Forex?

Theoritically, you can invest any currency pair that convertiable in finance markets. Also, you can find commodities(gold, silver, palladium, corn, coffee etc), indices(s&p500, Dow Jones, etc)

10- How can I reduce the risk?

Risk management is the key of trading in this market. You have to have a strong money management rules. For these kind of systems you can google it and find one that suitable for you.

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GBPCHF IS ON ITS LONG WAY

GBPCHF is on Its Long Way by MoneyTalks58 on TradingView.com

Hit the target. +120 Pips.

Price broke the wedge and a there is a good retracement sign on the important fibonacci level which is a good support level for the price.

Price is over the ichi cloud and all signs looks me bullish. Placing long position seems logical for me.

Stop Loss: 1,5250
Target: 1,5445

GOLD BROKE THE IMPORTANT LEVELS FOR BEARS

Gold Broke The Important Levels For Bears by MoneyTalks58 on TradingView.com

On daily chart, XAUUSD broke:

1- Bearish wedge form
2- Ichi Cloud
3- Important Fibonacci level

Therefore, with the fundemental realities, I expect bearish movement will continue.

Target: 1160
Stop Loss: 1216

GBPCAD REBOUND FROM THE 200 SMA

GBPCAD Rebound From the 200 SMA by MoneyTalks58 on TradingView.com

When we look at the GBCAD pair on daily basis, we can clearly see that 200 SMA is storng resistence and the last price action was the third rebound from this MA. There is a nice daily pin bar over the 200 SMA and an important fibonacci level. I expect a downward movement through the 1,7965.

Target: 1,7965
Stop Loss: 1,8255

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EURAUD POSSIBLE SHORT OPPORTUNUTY

Closed manually. +170 pips.

EURAUD Possible Short Opportunuty by MoneyTalks58 on TradingView.com


In EURAUD pair, there is long rally for bulls over many days. However, a few days ago the trend stopped with a strong sign. A daily pin bar occured around a fibonacci resistence level and bearish movement follow it than broke the support levels. This retracement can continue to lower level than now. There are two targets: 

Target 1 : 1,4915
Target 2: 1,4785
Stop Loss: 1,5140

NZDUSD Is On The Way Of Strong Down Trend

NZD is loosing strength over USD as the other currencies. There is a strong downtrend on 4H chart and now price is around near the important resistence.

Both 2 vertical line examples are overbough areas regarding to RSI and Stochastic. This strategy can mostly useful for this pair nowadays. Last red candle is confirmation for downside movement predictions.

Short Position

Stop Loss: 0,8490

Target: 0,84274

USD Continue To Gain Advantage Over EUR

Hit the target. Nice Pips!

After a long time, I started to write my opinions. Below picture explains the main idea about to short EURUSD pair. Although last NFP couldn't cover the expactations US Economy is much better than the most of the economies around the world.

I can see a Elliot waves and a 3 way correction. The correction is stopping near the pivot point which is a good resistence I guess. Both fundementally and technically I expect that the downtrend will continue. 

My main target is 1,3350

Stop Loss: 1.3445

NZDUSD Is Turning Its Direction To South

Monthly Chart:

In monthly chart, price is n slightly bearish trend with the near of strong resistence area.

Weekly Chart:

In weekly chart, we saw a good pin bar and then a two week bearish action. This week price push the higher levels however rejection was occured.

Daily Chart:

On daily chart we clearly see a strong reversal sign with the pin bar on the resistence levels. Bears didn't let the bulls to take control on friday. With these kind of signals taking short position is very logical.

Stop Loss: 0,8589

Target: 0,8413

USDCAD Weekly And Daily Overview - Bullish

On weekly chart we can see a pin bar and after that a rise occured. The bullish sentiment is continue over the mid bollinger band.

On daily chart the 50 Fib Line (1,1068) is take profit target and 1,0973 is stop loss level.

GOLD 1 HOUR CHART IMPLEMENTED A BEARISH FLAG PATTERN

In 1 Hour chart, Gold price provided a bearis flag pattern. Price is now on consolidation area below the Ichimoku cloud. The possible break of this zone can bring another 35$-38$ fall. It is nice to try position. I won't miss it.

Stop Loss: 1307
Take Profit Target: 1260-1255

Nice Pin Bar Has Formd On Daily EURNZD Chart

With a strong downtrend price has formd as a pin bar around a good resistence and a trend line. Also Bollinger Band's mid line hold the price. As previous Pin bar price action a couple of days ago, I expect another down movement. This is kind of a strong reversal sign.

Stop Loss: 1,6080

Take Profit Target: 1,5870

AUDUSD PRICE SEEMS TO MOVE SOUTH

Position was closed. Price can see a retracement. +50 pips.

Price is around a good resistance level with pin bar and a confirmation bearish bar. It can be between a wedge formation and next movement can be bearish. Stoch-Rsi was crossed on the up, CCI and RSI is on overbought area. Next target is previous resistence area.

Stop Loss: 0,9471
Take Profit Target: 09310

CAD Acts Like Bearish Beside USD - NZDCAD is On Long Side

Position was closed. +48 pips.

Stochastic and CCI support that the possible long positions. Price is on bullish move daily time frame and over the ichi cloud. Kijun sen and trend line hold the level. The long side looks logical.

Take profit target: 0,9590

Stop Loss: 0,9387

USDCAD PRICE BROKE THE IMPORTANT LEVELS

-70 pips.

Price broke the 100 SMA, Ichi cloud's lower boundary, daily S1 level. With the FOMC minutes USD is loosing value. Some FED members said " Don't overvalue interest rate decisions on short term". Bearish momentum can continue around 100 pips from now. 

Take profit target: 1,0773
Stop Loss: 1,095

GBPCHF 20 Pips Opportunity

-30 pips

Near the Bollinger Band there is a possible dark cloud cover which is a sign of reversal. 1,4715 is 38,2 fib level. Price is below the ichi cloud. Bearish movement can continue. If the price hit the take profit, we will be looking to keep short positions. Possible break can bring us around 30 pips more.

Possible Retracement on AUDCHF - Short Signal

+40 pips.

On AUDCHF 4H chart we can observe a divergence with CCI. RSI is on overbought area. Stochastic crossed as short signal. Also, previous bar is pin bar that is a reversal signal. Possible retracement can be occur. 40 pips gain is probable.

CADJPY Reversal Sign with Shooting Star - Short Position

+65 pips

The price formed in a shooting star which can be a good reversal sign. Of course a shooting star is not an only sign. It formed in an uptrend an it is aroundthe ichi cloud upper boundary, 0,5 Fib level, 100 sma and 200 sma. The bar closed below the moving averages. This signal is very powerful on daily chart. Therefore, entering a position is very logical.

EURUSD HOURLY MOVEMENT BEFORE FOMC MINUTES

A triangle has formed on hourly EURUSD chart. After FOMC minutes if price will break up or down, we can be on the that side. Maybe the 1,40 levels can be target for the upmovesand 1,3845 levels can be tought if price continue its way thorugh the south.

USDCHF SHORT TRADE OPPORTUNITY

With bearish ichimoku overlook and below the 20 SMA the price form of Evening Doji Star occured. The movement through the 0,87 is probable. Nice to try.

GBPJPY SHORT SIGNAL

Manually closed. +42 pips

In opposition of EURJPY I am with JPY over the GBP. GBP is also weak and some reversal signal around the 0,236 Fibo level. There is a Dark Cloud Cover and shooting star and 20 SMA hold this price action. Possible down movement is possible.

JPY IS WEAK AFTER CRIMEA - EURJPY LONG

JPY weaken after the latest Russia-Crimea-EU triangle today. Price broke the 100 day EMA and ichi cloud from the down. Upmove can continue.

AUDUSD IS IN A TRIANGLE WITH BEARISH MOMENTUM

-44 pips.

Around the 0.9070 levels hammer, doji and strong bearish candle that confirmed the reversal move occured. After that price entered the cloud. Bearish momentum is strong. Next target is 0,89677.

GBPCHF LOOKS BULLISH ON ONE HOUR CHART - BUY SIGNAL

-42 pips

Big bullish engulfing bar occured and price is above the tenkan-kijun cross. Next move can be possible to the 1,45815

STRONG BEARISH MOVEMENT CAN CONTINUE ON EURJPY - SHORT SIGNAL

-49 pips

Price break the Tenkan and Kijun line with strong momentum and now it is below the cloud. Next pivot level S1 is the target to take profit.

NZDJPY SEEMS STRONG ENOUGH TO GET 20 PIPS

+19 pips

NZD has strength and over JPY there are some signs to get 20 pips around. Morning star (Bullis Reversal) occured inside the cloud. And then price break the Tenkan, Kijun lines and cloud. Next support can give us profit.

REVERSAL CANDLESTICK SIGNS NEAR THE FIB SUPPORT GBPJPY

+48 pips

With the sign of hammer and doji near the ichi cloud boundary and also fib support 0,618, retracement to the 171.20 level can bring us 50 pips.

USDCAD Is Turning From Tenkan-Sen

-32 pips

A good pin bar setup occured on Tenkan-Sen over the ichi cloud. Tenkan-Kijun cross from ichimoku looks strong bullish on 4H chart. Next resistence is the target. If the price is break it, 1,119 levels are possible. SL: 1,10855 TP: 1,11445

GBPJPY 2H SETUP LOOKS BEARISH - SHORT

Hit the take profit. +55 pips.

Inside the ichi cloud there is a bearish engulfing bar and then bearish momentum is going on. Price also break the lower clound boundary below the tenkan-kijun bearish cross. 50-60 pips gain seems possible.

AUDUSD'S NEXT TARGET IS SUPPORT 1 - SHORT

Hit the take profit. +40 pips.

Price break the wedge formation on 4H chart. Tenkan - Kijun cross happend over the ichi cloud but bears are strong. Therefore the expectations of continuous bearish move is logical.

USDJPY CAN TEST PREVIOUS RESISTENCE AS SUPPORT - SHORT

Hit the take profit. +25 pips.

The downward movement after breaking the Tenkan Line thorugh the 102.639 area. After touching it we will looking forward a reversal sign or if it break price can continue to the cloud.

CAD Looks Strong For The Beginning Of Week Over GBP

Edit: Hit the take profit targets.

Like USDCAD pair GBPCAD has a similar formation. The hanging man with high volume appeared and it is on the upper ichi cloud boundary. Short term movement is bearis. Another downward move can be possible Resistence 2 and after that Pivot Level.

Stop Loss level is 1,86. First take profit target is Resistence 2 and second target is Pivot Level. When you click the screenshot you can see on wide screen.

1345-1350 Level Can Be Tested Again On Gold ( XAUUSD ) Prices // Buy Signal

Edit: Price has reached 1350 levels

The penultimate bar is a hammer on an uptrend during the retracement. Bears wanted to take the control but they failed. With relatively huge volume price closed higher then openning. There is a recent uptrend which Ichi cloud boundary support the price. Another test is possible.

Stop loss level is 1330$ and take profit target is 1345$.

Market can open with gap with higher levels. If so, pending the next price action will be logical.

USDCAD Can Start the Week with Bearish Movement // Short Signal

Edit: CAD didn't get the strength.

In 4 hour chart,

1. Price is on a downtrend in near term.
2. Hanging man ( On the chart mistakenly hammer was written by me ) occured near the upper line of Ichi Cloud with higher volume. Therefore it is a possible reversal signal.

1,1120 level can be stop loss point. There are 2 take profit targets: One of it is Resistence 2 and after that if price will break the first target, Pivot Level will be the next target which is around 1,099 can be possible.

Common Candlestick Patterns on Forex: Engulfing Bars

I will write about candlestick patterns and examples on this blog because these are very useful and effective concepts. The success rate is high because I and some other price action traders can tell that the price contains the enough information for trading decision. However, the tools should use with other indicators or support/resistence level or any other analysis tool to suppourt the decisions. Today I want to write most common and known candlestick pattern that called engulfing bars.

It is easy to determine that there are two engulfing pattern. These are bearish and bullish engulfing patterns. Below the pictures that define these bars. The easy definiton is the second bar completely engulf the previous bar, if the second bar bearish it is called bearish and vice versa. In the below picture, black bar is bullish bar and white bar is bearish bar.



To use this bars some key criterions should be observed if a strong signal is wanted. My personal look at these bars are like that:

1- In retracement levels with trend direction.

2- Key support and resistence levels for the reversal signals are very important. Bearish engulfing bars on resistence levels and bullish engulfing bars on support levels are stronger.

3- Volume indicators can give very good signals. If the engulfing bar occur with the higher volume, the reversal pattern can be seen more probably.

Here is an example that bearish engulfing bar:

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GBPCHF - 4H SETUP - 05.03.2014 - SHORT

GBPCHF - 4H Setup - 05.03.2014 by MoneyTalks58 on TradingView.com

Market was indecisive on previous bar with long legged doji. After that bears took the control around the upper ichi cloud boundary. Stoch is on overbought area and cross over the top. A retracemen is possible.

4 of a Kind: Russia - Ukraine - USA - EU

We all know the Ukranian-Russia crisis. Although today Putin declare told about optimistic things to decrease tension, the general opinions are on the tension won't be over in short term. Today first bullet sounds occured between the Russian and Ukranian army. The rumors about military interventions continue. Yesterday we observed high raises over commodity prices as Ukraine is a big corn and wheat. Also this is obviously seen that gold, gas, wti prices are increased. Today was optimistic and so we saw retracements on these prices and records on SP500.

As Ukraine and Crimea are very important for Russia that geographically strategical, Putin's words can't be understood very optimistic. Therefore tensions can make commodity prices higher and on medium term negative impacts can be expected unless there won't be peaceful days are coming.

Will there be any enforcement during the UN and NATO meetings? We are going to wait espacially NATO countries attidutes. Probably the more volatile days are waiting us. I hope democracy and peace will win.

GBPJPY - DAILY SETUP - 03.03.2014

GBPJPY - Daily Setup - 03.03.2014 by MoneyTalks58 on TradingView.com

There is a hangin man candlestick pattern on 27.02.2014. It is below the ichi cloud. After that price deeply enter the cloud. Short movement can be possible. Momentum is also below zero level. I will try it.

NZDUSD - DAILY SETUP - 03.03.2014 - Short Signal

NZDUSD - Daily Setup - 03.03.2014 by MoneyTalks58 on TradingView.com

NZDUSD is around the previous resistence levels. Prior 2 pinbar was the sign of bearish movement and now we again see a pin bar with RSI and Stochastic also support previous bearish price action again. USD can gain momentum against this commodity currency.

Top Websites List That I Look For Forex

I won't put the websites in an order. All of them are equal and worth to check them.

www.babypips.com

Official Explanation: We’re all about helping forex traders help themselves. We have the School of Pipsology, a global community of forex traders on our forums, handy forex tools like the Economic Calendar and our forexpedia, and finally, trading blogs that are constantly updated with market analysis!All that for free! Click For More

For me the forum has lots of useful informations and discussions. With trading systems, articles, questions they are a great source. They have a school and for the beginners it is a great place to learn ABC of forex and some more.

www.forexfactory.com

Official Explanation: Professional forex traders from around the world converge at Forex Factory. Launched in March 2004, the website is designed exclusively to provide high-quality information that traders can apply in their pursuit of profits. Forex Factory is currently the #1 most viewed forex-related website, and the #1,030 most viewed website in the world, according to Alexa.Click For More

Maybe the largest forex forum on the web. Lots of quality trader participate the discussions and share their ideas. There are trading strategies you can find that are strong proofs of how can you make money from the markets. Tons of information will wait you to improve yourself.

www.stockcharts.com

Official Explanation: Who thought making great looking financial charts could be so easy? We have the tools, educational information, expert opinions, and support you need to make more money in the market. Just remember that while anyone can use our free tools, only subscribers have access to our most powerful features. Why not sign up for a 10-day FREE trial to see for yourself? Click For More

www.fxstreet.com

One complete website for following who are in forex business. Educations, Analysises, Webinars, Tools, News and more useful parts are in FxStreet.Also worth to follow twitter accounts that belongs them. I highly recommend to follow Fxstreet.

www.informedtrades.com

One testimonial for this site: "I knew that I needed to get more information on what it is that I'm getting involved with, so I conducted a search and came across this site. I was blown away by the amount of information this site has, the vids, blogs, threads etc..etc.. my hands are tired because of how much note-taking I've been doing."

You can find lots of information, educations, reviews and customer centric site with entering informedtrades.

XAUUSD - 1H Setup - 02.04.2014 - Short

Edit: Cancelled. Market opened with huge gap.

Large pin bar with high volume. Bulls couldn't win the game near the prior weeks closing time.The down movement can continue to 1323 level.

USDCHF - DAILY SETUP - 01.03.2014

USDCHF - Daily Setup - 01.03.2014 by MoneyTalks58 on TradingView.com

Price broke the strong support and wedge formation. It is possible to see a movement thorugh the 0.86 level. MACD and CCI support. Nice to try.

EURUSD - Daily Setup - 01.03.2014

EURUSD - Daily Setup - 01.03.2014 by MoneyTalks58 on TradingView.com

Hit the take profit. +30 pips.

EURUSD showed a bullish momentum but now we can expect a retracement for short term and take some 40-50 pips. Worth to try.

EURJPY - 1H Setup - Short Order - 19.02.2014

- Volume is decreasing,

-MFI is decreasing.

-Stochastick has turned its direction.

-CCI is downtrend around the overbought area.

Short signal.

Lower red line is take profit, upper red line is stop loss.

GBPUSD - 1H Setup - 19.02.2014 - Short Order

Hit the take profit. +28 pips.

- Price is on the top of bollinger bands around the resistence.

-Volume is decreasing

-MFI is around the previous highs.

Short entry.

AUDUSD - 4H SETUP - 18.02.2014 - Long

AUDUSD - 4H Setup - 18.02.2014 by MoneyTalks58 on TradingView.com

I am pretty sure that and I will get the risk. At most price will touch the wedge limit again and possible break can be occure. If we see the break, I will put the long order again.

Keep it simple.

EURCHF - PENDING SHORT ORDER - 18.02.2014

EURCHF - Pending Short Order - 18.02.2014 by MoneyTalks58 on TradingView.com

Price is in a wedge and the overal look is bearish. If price break the level I follow, I will fire the sell order.

Keep it simple.

GBPCHF - 4H SETUP - 18.02.2014 - Short

GBPCHF - 4H Setup - 18.02.2014 by MoneyTalks58 on TradingView.com

Price can continue to finish the formation and if it will finsh it break the cloud and the downward movement can keep. Point d is logical target.

Keep it simple.

XAUUSD WEEKLY - POSSIBLE TO REACH 3RD CONSECUTIVE WEEKLY GAIN

XAUUSD Weekly - Possible to Reach 3rd Consecutive Weekly Gain by MoneyTalks58 on TradingView.com

Gold took the momentum. Long term predictions on short side but possible to reach critical 1350 - 1360 level. These area are very important to gold. If it breaks there, we can be on the long side again.

EURAUD - 2H SETUP - 17.02.2014 - LONG

EURAUD - 2H Setup - 17.02.2014 - Long by MoneyTalks58 on TradingView.com

Stop loss was too tight. It was a mistake and after hitting it than came back to take profit level.-33 pips.

Price is in a small wedge formation on 2H chart and above the ichi cloud. Continuation through the next resistence level with the last trend is possible.

Keep it simple.

AUDJPY - 3H SETUP - 17.02.2014 - SHORT

AUDJPY - 3H Setup - 17.02.2014 - Short by MoneyTalks58 on TradingView.com

-37 pips.

Price is around a strong resistence area and entered the ichi cloud. Stoch-RSI is on overbought area. Retracement to the take profit level is possible.

Keep it simple.

USDCAD - 4H SETUP - PENDING LONG ORDER - 16.02.2014

USDCAD - 4H Setup - Pending Long Order - 16.02.2014 by MoneyTalks58 on TradingView.com

Pending order was canceled. No loss or profit.

On daily basis, we can see the price is came back to support level on general bullis trend and we can see a wedge formation on 4H setup. If price break the wedge on upper side possible long entry will be occured. Therefore, I will put a pending long order. 

Keep it simple.

USDCHF - 2H SETUP - PENDING SHORT ORDER - 16.02.2014

USDCHF - 2H Setup - Pending Short Order - 16.02.2014 by MoneyTalks58 on TradingView.com

Manually closed. +28 pips.

Blue rectangle area is critical for the position. If price break this area, downward price action can keep through the take profit level. 0,89 is the point that I put pending short ortder.

Keep it simple.

AUDUSD - 1H SETUP - 16.02.2014 - LONG POSITION

AUDUSD - 1H Setup - 16.02.2014 - Long Position by MoneyTalks58 on TradingView.com

Market opened with a gap and position was cancelled. No loss or profit.

Price can go through the take profit area and there is opportunity to gain around 30 pips. MACD and ichi cloud support it.

Keep it simple.

USDJPY 4H SETUP - 16.02.2014 - SHORT POSITION

USDJPY 4H Setup - 16.02.2014 - Short Position by MoneyTalks58 on TradingView.com

Price break the ichi cloud in last 4 hour of the markets previous week. In daily chart it is inside the cloud and downward movement can keep the continous action through there. Last trend is bearis. If market won't react the opposite way with the power of volume, short positions can bring us the money.

Keep it simple.

XAUUSD - 1D AND 1W SETUP - LONG - 13.02.2014

Hit the take profit. +1557 pips.

XAUUSD - 1D and 1W Setup - Long by MoneyTalks58 on TradingView.com

Price broke the wedge formation in weekly chart and turn its direction to the north. Next Ichi Cloud boundary can be new target. Also we can see that on daily chart, price broke the Ichi cloud and crucial daily resistence. The movement can continue to its bullish run.

Blue line is stop loss and green line is take profit levels.

USDTRY - 3H SETUP - SHORT - 13.02.2014

Manually closed. +60 pips.

USDTRY - 3H Setup - Short by MoneyTalks58 on TradingView.com

After interest rate decision. USDTRY fall sharply and then rise again sharply again. Now, the effect of Central Bank of Turkey is continue. Price is on downtrend on short term. Possible downward can continue. Nice to try.

Keep it simple.

AUDCHF - 3H SETUP - LONG - 13.02.2014

Manually closed. +11 pips.

AUDCHF - 3H Setup - Long by MoneyTalks58 on TradingView.com

Price retraced from the down boundary of the ichi cloud. The probable W formation will be occured. Nice to try.

Keep it simple.

EURCAD - 1H SETUP - SHORT - 13.02.2014

Wrong analyis. There was a mismatch. Manually closed. -27 pips.

EURCAD - 1H Setup - Short by MoneyTalks58 on TradingView.com
Stoch-RSI Sell Signal In 3 hour setup we clearly see a pin bar that is retraced the 20 MA of Bollinger Band. Price can go deeper. Keep it simple.

EURJPY - 2H SETUP - LONG - 12.01.2014

Manually closed. +24 pips.

EURJPY - 2H Setup - Long by MoneyTalks58 on TradingView.com

Price will try to push upper boundary of the wedge I guess. It is over the ichi cloud, stoch-rsi is on bull side and trend line seems will hold the bullish movement.

Keep it simple.

NZDUSD - 1H SETUP - LONG - 12.02.2014

Hit the stop loss. -17 pips.

NZDUSD - 1H Setup - Long by MoneyTalks58 on TradingView.com

Price is on the uptrend above the ichimoku cloud and trend line hold the price now. Stoch-RSI is show oversold area and is starting to turn through the north. 

Keep it simple.

GBPJPY - 4H SETUP - LONG - 12.02.2014

Manually closed. +19 pips.

GBPJPY - 4H Setup - Long by MoneyTalks58 on TradingView.com

There is a W formation. Price broke it with Marubozu and Bullish side is powerfull now. I am on Long Side.

Keep it simple.

USDCHF - 2H SETUP - SHORT - 12.02.2014

Hit the take profit. +39 pips.

USDCHF - 2H Setup - Short by MoneyTalks58 on TradingView.com

Last trend is bearish. Try to break upper bound but trend line and Ichi cloud is stopping it. We can highly see a downward action through the take profit level.

Keep it simple.

EURGBP 4H SETUP - SHORT - 11,02.2014

Hit the take profit. +16 pips.

EURGBP 4H Setup - Short - 11,02.2014 by MoneyTalks58 on TradingView.com
Price break the wedge formation and the overall look is bearish. Movement can go through the Ichi Cloud. Stop Loss level is above the previous bar's high.

Keep it simple

EURCHF 4H SETUP 11.02.2014

Hit the stop loss. -25 pips.

EURCHF 4H Setup 11.02.2014 by MoneyTalks58 on TradingView.com
Price break the ichi cloud. Trend is now on the long side. Stoch-RSI support us.

Keep it simple.

USDJPY 2H CHART 11.02.2014

Hit the stop loss. -20 pips.

USDJPY 2H Chart 11.02.2014 by MoneyTalks58 on TradingView.com
Price break the wedge formation and seems to continue to take profit around 102.90 levels.

Keep it simple.

EURJPY SHORT THROUGH THE POSSIBLE RETRACEMENT AREA

Hit the take profit. +40 pips

EURJPY Short Through The Possible Retracement Area by MoneyTalks58 on TradingView.com
Stoch RSI and Trend Lines point a 40 pips profit. Keep it simple.

EURGBP 1H SETUP ON SHORT SIDE

EURGBP 1H Setup on Short Side by MoneyTalks58 on TradingView.com

Price broke the wedge formation and entered the Ichi Cloud. The moving can continue below the cloud. Nice one to try. EDIT: Hit the stop loss level however we saw a strong fall. I couldn't write the short position again.

GBPJPY LONG SCALPING ON 3H CHART

GBPJPY Long Scalping On 3H Chart by MoneyTalks58 on TradingView.com
Stoch-RSI is on the oversold area and MA cross is possible. Price retraced from the bolloinger mid line 20 MA. Nice 40 pips gain opportunity.

EDIT: Hit the profit. +40 pips.

LONG ON USDCAD 1 HOUR CHART

Long On USDCAD 1 Hour Chart by MoneyTalks58 on TradingView.com
USDCAD is moving the resistence level on 1 hour above the Ichimoku Cloud. I am on the long side.

EDIT: Hit the take profit level. Nice profit pips.

EURJPY Nice for Scalping

EURJPY by MoneyTalks58 on TradingView.com

I am on long side for the EURJPY also. First target is 4H resistence level. If it will break this level then higher targets will be the subject. Both daily and 4h look seems bullish for me. Nice for scalping.

USDJPY Daily Chart Preview

USDJPY Daily by MoneyTalks58 on TradingView.com

USDJPY pair break the weekly, daily and 4h trends through the upside. It seems a long entry. I will put SL level previous daily bars low and target is 103.00. If it reach the 103, I will keep my eyes on it to continue long position.

S&P 500 SEEMS WILL START THE WEEK WITH GAINS?

S&P 500 Seems will Start The Week with Gains by MoneyTalks58 on TradingView.com

S&P500 was increased with the datas last weeks last two days and break some daily resistences. Tomorrow there won't be so crucial news and I guess the upward momentum will continue to 1800 and above.

EUR/USD Pair for The Next Week

EURUSD by MoneyTalks58 on TradingView.com

The momentum is in the wedge for the EURUSD and if we look at this month activity for the daily chart, last trend is down and an upward retracement occured . Probable short position opportunity can be seen. It is worth to follow.

USDTRY Will Face with Tough Times Next Week Again

Turkish Central Bank will continue to interfere the currency but I still think that it won't help for the Turkish Liras. FED's tapering gossips will increase again. We can see short retracement and after that with the FED's meeting 2,40 levels for USDTRY parity is probable.

EURJPY Prediction 27.01.2014

As we know JPY rallied on friday, the price action breaks the resistence level 38.2 fibonacci, 20 and 50 EMA. Another bearish movement seems possible and after that we can observe an retracement from the 50.0 fib. level. We should follow if the price reach that level and market sentiment. Through that level I expect a decline. Also momentum looks bearish.

 

USDTRY Hit The 2.30

When the usdtry parity is around 2.25, I mentioned about it will raise to 2.30 and above. Central Bank made a mistake by not increase the interest rates. And now usdtry is around 2.30. Nice profit for traders who is on the long side.

CHFJPY Prediction 22.01.2014

With bond buying program and currency politics JPY's value will continue decreasing after last days retracements. Therefore,  on daily chard the price for CHFJPY is near 38,20 fibonacci support and oversold area. Long trade seems logical for me.

May the pips be with you.

EURUSD Prediction 22.01.2014

EURUSD is below 100 day simple moving average. USD seems strong for next days. Therefore if the price broke fibonacci support 1,3523 level I expect a downward movement to continue. Therefore, I put a selstop order for 1,35225 and takeprofit level is another fibonacci support 1,34370. Stop-loss is alittle bit above from 50.00 fibonacci resistance which is 1,35950

May the pips be with you.

USDCHF Prediction 21.01.2014

In USDCHF parity when I look at daily chart, I saw a pin bar on 76,40 fibonacci level. This can be a sign of bearish trend. Also, Bollinger and OSC show us some overbought area. However, maybe we can see som up move after review on 1 hour chart. Therefore, I put a sell limit on exact fibonacci resistance point which is 0,91423 and take profit level is 0,9100 stop loss is a little bit above from resistance that is 0,91615.

It looks nice to try.