Posts Tagged ‘forex’

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I have the GBPJPY on my watch list today

Monday, April 16th, 2012

Last week’s AUDUSD order update: it didn’t get triggered (luckily)
Hope you all had a great weekend!
What do you have on your watch list this week? What currency pairs you are going to be trading this week?

If you asked me, I’d say the GBPJPY is one of the clearest of them all… It’s clear that on the long term charts it is trading in a bearish condition.

Also, on the short term charts, it just broke through an important support level. This is what I’m talking about:

As long as the GBPJPY trades below 127.96 I’d be looking for short opportunities.

What do you think?

Trade Safe!

Raul Lopez
Forex Coaching

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Short signal on the AUDUSD

Wednesday, April 11th, 2012

Did you see my post yesterday? I was looking for a short opportunity and now the market has retraced back to its resistance level and formed downward pressure (my trigger signal).

This is how the chart looks like:

It is still a pending order and here are the details:

Entry stop order: 1.0284
SL: 1.0342
TP: Open target

What do you think of this trade?

Trade Safe!

Raul Lopez
Forex Training

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Still looking for short opportunities on the AUDUSD

Tuesday, April 10th, 2012

How did you do last week on the NFP report? I took a couple of days off, I don’t like the way the market behaves before the NFP…

Anyway, looks like the AUDUSD is still trading in a very clear bearish condition, it is probably the currency pair that is trading in the clearest market condition on both, the long and the short term charts.

There is the range on the short term charts:

I’ll be looking for short opportunities as long as it trading below 1.0332

Trade Safe!

Raul Lopez
Forex Training

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Have you seen the AUDNZD lately?

Tuesday, April 3rd, 2012

Every day I like to write about what I think are the best trading opportunities out there.

Sometimes the market moves in the intended direction, and sometimes it doesn’t. Let me tell you what really matters though: I have a trading plan for each currency pair/each day.

I know which currency pairs I’m going to be monitoring and trading, and which ones I will forget about (for the day at least).

And of course, I like to trade the ones that have the clearest market conditions. Today, the AUDNZD is one of those.

It is trading in a very clear bearish condition and I´ll be looking for short opportunities:

I’d like to see a small retracement and bearish pressure around the ST resistance level at 1.2619. We’ll see if we get it.

Do you trade the AUDNZD?

Trade safe!

Raul Lopez
Forex Coaching

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Like to trade ranges? See the NZDUSD

Thursday, March 29th, 2012

Traders say the market ranges from 70 to 80% of the time. You think that’s right?

Well I don’t know… what I do know is that we need to adapt to the market condition:

  • If the market is range, trade both extremes of the range
  • If it’s trending up, look for long opportunities
  • Trending down, look for short opportunities

That’s it! How difficult could it be?

Here is the NZDUSD, it is clearly trading in a short term range:

Are you trading this one? Let me know.

Raul Lopez
Forex Training

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AUDUSD, more than 500 pips to go

Wednesday, March 28th, 2012

What do you think about the AUDUSD? I’d say it is clearly bearish, without a doubt.

As soon as I get my signal I’m going to short it.

Here is the daily chart:

See where the next LT support level is at?

It is more than 500 pips away from where it is currently trading at.

This leads to the question: Where would you set your take profit order at?

Let me know what you think.

Cheers,

Raul Lopez
Forex Coaching

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Trading scenarios for the EURAUD

Tuesday, March 27th, 2012

Last week I wrote about the EURAUD and its bullish condition, and today, I still think it has plenty of upward potential, so I’m still looking for long opportunities.

Here are my trading scenarios for the EURAUD:

As long as the EURAUD trades above 1.2626 I’ll be looking for long opportunities.

What do you think?

Trade Safe!

Raul Lopez
Forex Coaching

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If you are looking for shorts on the AUDUSD I’m with you

Thursday, March 22nd, 2012

Yesterday I talked about the EUR crosses, most of them are still trading in a bullish condition. Did you trade any of them?

The AUDUSD is another one I feel comfortable trading it. Take a look at the long term charts, it is probable the pair that I like the most today:

See where it is currently trading at? It is a 1.0377, and the next LT support level is at 0.9706, do your math!

What do you think?

Good luck!

Raul Lopez
Forex Coaching

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Are you trading any of the EUR crosses?

Wednesday, March 21st, 2012

Did you notice most EUR crosses are trading in a bullish condition? I like the way most of them are trading, I even have an open trade on the EURJPY (long).

Take a look for instance at the EURAUD, it’s clear that it wants to go up:

I’m looking also for long opportunities here, I think it is extremely bullish. What do you think?

Its ironic though, while most EUR are in a clear market condition, I find the EURUSD in a very difficult market condition, I wouldn’t place a trade there. Would you?

Let me know.

Trade Safe!

Raul Lopez
Forex Coaching

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GBPJPY looks goof for longs

Tuesday, March 20th, 2012

Hope you all had a great weekend!

Here is my analysis, a little later than usual, but here at last!

I’d feel comfortable looking for long opportunities on the GBPJPY, both long term and short term charts have a clear bullish condition:

As long as it trades above 131.54 I’ll be looking for long opportunities on the GBPJPY.

Trade Safe!

Raul Lopez
Forex Coaching

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Have you seen the NZDUSD daily chart?

Wednesday, March 14th, 2012

Have you seen the potential of the NZDUSD daily chart? If you haven’t, here is the chart:

The NZDUSD is trading in a very clear bearish condition. I have a trade open since yesterday and my intention is to hold it until it reaches the next LT support level.

Know where it is at?

I have it at 0.7475, more than 600 pips from where it is currently trading.

Do you think I should hold it?

Let me know

Trade safe!

Raul Lopez
Forex Coaching

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Do you think it’s about time to trade the USDJPY?

Tuesday, March 13th, 2012

It’s been a while since the last time I traded the USDJPY, it was complicated because it was trading around “intervention” levels. But now, it’s way above those levels, and even if the BOJ intervenes, it’ll be in our direction.

So I’m definitely going to look for long opportunities. This is what I see on the short term charts:

Clear enough don’t you think?

Are you trading the USDJPY?

Good trading!

Raul Lopez
Forex Training

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I’ll look for short opportunities on the GBPUSD

Monday, March 12th, 2012

Hope you all had a great weekend.
What currency pairs will you be monitoring this week?

One of the currency pairs that I like this week is the GBPUSD, earlier today it broke through an important support level, triggering a bearish market condition:

See how it is trading below the support level? I’d definitely feel comfortable shorting the cable.

What do you think?

Good luck for the week ahead!

Raul Lopez
Forex Coaching

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Yes, the AUDUSD broke the bottom of the range

Tuesday, March 6th, 2012

Hey, how is your trading going so far this week?

Yesterday I talked about the AUDUSD, it was trading in a short term range. But guess what? Earlier this morning it broke through the bottom of the range:

What does this mean?

That the market is likely to continue its way down until it reaches its next LT support level.

So as long as it trades below green level at 1.0625 I’ll be looking for short opportunities.

What is interesting about the AUDUSD is that the next LT support level is at 0.9706. Enough pips don’t you think?

Trade safe!

Raul Lopez
Forex Coaching

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Are you trading the AUDUSD?

Monday, March 5th, 2012

If you are, I hope you are tasking in consideration the short term range it is currently trading in. It’s not a bad idea to look for trade opportunities on the extremes of the range.

Long opportunites around the bottom of the range and short opportunities around the top of the range:

And of course, be ready to trade if the market breaks either extreme of the range.

¿What do you think?

Trade Safe!

Raul Lopez
Forex Coaching

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