Monday, March 31, 2014

20140331 EURJPY H4


EURJPY on W1 chart still in early bullish trend, and next possible resistance is at 143.135 and another at 144.516. Looks like a long way to go for EURJPY this week.




On Weekly setup, EURJPY H4, a huge movement early TKO, and fade completed during LNO. All seems in good form.






20140331 EURUSD H4


I left one (1) trade running last Friday LONG @ 1.3714 and currently paid off the waiting game.

Here's the Weekly outlook for EURUSD

EURUSD W1, narrow range of Support and Resistance

Current Support and Resistance gone more narrow, next resistance is at 1.3821, and market previously bounced of 1.3746. Possible next move up is max in 37 pips.

On weekly trade (using H4 chart), early A-up bias materialized. Though I have a risky running trade I left last Friday at 1.3714, it paid off today.

EURUSD H4, weekly ACD shows A-up bias for this week.
Also EURUSD and GBPUSD still not correlated this week. GBPUSD might already done the move for NFP preparation, and EURUSD is now correcting the price range for NFP.




High-Speed Traders Rip Investors Off, Michael Lewis Says



The U.S. stock market is a rigged game where high-frequency traders with advanced computers make tens of billions of dollars by jumping in front of investors, according to author Michael Lewis, who spent the past year researching the topic for his new book “Flash Boys.”


more details here:

http://www.bloomberg.com/news/2014-03-30/high-frequency-traders-ripping-off-investors-michael-lewis-says.html

Friday, March 28, 2014

2014-03-24 GBPUSD Weekly Setup

The Bigger Picture


GBPUSD W1 candles analysis


Macro ACD Bias and Setup

Late Monday A-up appears and after a successful Gap&Fade movement made,  I position my entry (pending long on 1.6496).

GBPUSD H4. March 25, 2014, ACD Bias with Gap&Fade and pending long entry


Wrong Cover Setup

So far, last March 27, 2014, I made wrong decision keeping cover short at 1.6567, then setup other possible cover price areas.

GBPUSD H4. March 28, 2014, short cover setups

I just made this blog yesterday, March 27, 2014. So I post this GBPUSD late. Next week, I will post setup as it happens.


Thursday, March 27, 2014

Welcome to PinoyFX Traders


Welcome to PinoyFX Traders blog, we are here to help fellow traders to have better edge in trading for free. We also post setups and outlook (not signals) here per week or per month, because most of the traders here are either swing or position traders. We also do intraday setup.

PinoyFX Traders main objective, which few are stated above are to educated fellow traders and also gain knowledge from them. Feel free to share your knowledge or anything under the umbrella of trading.

Again welcome.