Obsidian

it says number of trades=158. what is the starting date?

Unfortunately contests are so unrealistic. Just open a demo and practice looong time then you may try "your luck" in that type of competition.

Thanks CYP, 1.0609 is the low so far. 1.0680 is still the key level for the next move. If we slip before 1.0600 then I think 1.0490 will be the next stop

correction: If we fall below 1.5765 then we could see a test of the 23.6% zone of 1.5650 What is moving the market: Latest BOE Policy Vote Tighten = 0 Ease = 0 Unchanged = 9

check the beginners forum section and you will stay in the right direction

looks pretty bullish to me, as long as it stays above 1749

EUR/USD: Price has difficulty with the 1.3290-1.3300 level. If the pair can move above 1.3250 in the London session, we may see another attempt to test that level again. In case the bulls win the battle, the pair may climb to 1.3650 level. On the other hand, if the bears take over the control and push the pair below 1.3175, 1.3100 is not out of the question. GBP/USD: Yesterday’s candle and the nature of the move indicate a pullback towards 1.5660 is on the table. But the bears have to break 1.5765 support first. This level has been a strong resistance in the past and now this level has become support. As long as the cable stays above that level, we could possibly see the Bulls make a run for the 1.5875 and 1.5940 levels. If we fall below 1.5675 then we could see a test of the 23.6% zone of 1.5650 USD/CHF: Support at 0.9100 has been tested several times with price falling right back into its range day after day. it will need to close above its weekly resistance at 0.9235 before we can consider the market bullish, at which point we can look for the next zone at 0.9311. The next weekly resistance sits just above at 0.9335. The opposite holds true for a bearish sentiment, requiring a close below support at 0.9100, in order to shift things to the bears. USD/CAD: The pair has been moving in a tight range and the 1.0000 level is the level that the bulls must overtake in order to push the pair higher. If the pair can pass this barrier, it will revisit 1.0070 and maybe 1.0140. However, any break below 0.9905 will most likely be a running of the bears to the 0.9790 level.

haha zdo...I think one of the main problem is that EU is too slow. Somethings happen...They set up a meeting, for 1 month later...They meet, Merkel talks and decides what to do, Sarkozy nods...Parliaments spend time to make new laws and so on...Meanwhile problems get worse:doh:

almost there as aud/usd is losing its strength. if it can't stay above 1.0680 today selling pressure will increase

GBP/USD: 1.5790 seems to be the key level today. If can't move above 1.5840, I will be looking for a selling opportunity.

Good luck to you on your trading journey

I very rarely trade usd/jpy but I may consider going long if it can make a weekly close above 80. However it may take some time to break that level

I wonder how things will be at 2020...

What is moving the market: EU finance ministers reached deal for Greece with total financing of €130billion; debt to GDP target of 121% by 2020

If we close the day below 1.0750, we will revisit 1.0600 imvho

this will be an interesting week for usd/jpy...I think it may not be able to pass this pesky 80 level at first try. If that is the case, back to 78.50...

thanks for the warning.

from another thread--->Four Key Principles for Trading ... No Surprise -- when things don't happen as you thought No Hesitation -- when you are about cut your loss or take your profit ... What I do depends on the time frame I trade...but if I understand that I fell into a trap and I am in the wrong direction, I just stop and reverse...

if you have sufficient data and put it on excel, I think you can check those type of statistics

EUR/USD: EUR/USD continues to trade between 1.30 and 1.3250 range. Recently, the pair has formed a couple of supportive candles on the daily chart though. So it is possible that we can see a to the upside. The headlines from the eurozone will dominate the forex market today. Investors focus will be on EU meeting on Greek bailouts. According to charts, if EUR/USD can climb above 1.3150 then we will test 1.3200 and 1.3300. However, if the pair breaks 1.3130 then it will test 1.3060 and if it does not hold we will see 1.2980 which is also the monthly pivot. GBP/USD: Last week GBP/USD bounced from 38.2 fibonacci level, also note that this level was supportive ema(34). The cable has been very strong for a while and the price action will remain bullish as long as the pair is above 1.5770/1.5800 zone. Daily chart suggests that the pair will try to break 1.5928/41 resistance. If the pair can pass that barrier then buying pressure will increase and it will probably head to 1.6038 and 1.6129 next. However if GBP/USD falls below 1.5770, then I expect a movement towards 1.5660 support. In case the bears increase their strength, we may see 1.5580 level next. USD/CHF: Even though the Swissy climbed to 0.9298 last week, it had failed to close around that level. Therefore we are still stuck in 0.9250-0.9100 range for the 3rd week in a row. Resistance at 0.9250/90 zone has been tested several times with price falling right back into its range day after day. We also see that USD/CHF continues to bounce around near the 0.9100 level as Swiss National Bank keeps the value of the Swiss franc artificially low to defend EUR/CHF 1.20 level. I expect USD/CHF stay inside this range until we close above 0.9250 or below 0.9100.

Positioning data for the week ending Feb 14 indicated that there was some follow through with regard to shifts made last week. In aggregate, the market remains net long USD's which is not surprising given that risk sentiment remains volatile and shifts from day to day. There was an expansion to net long CAD positions, and a reduction in net long JPY positions, as well as net long AUD positions. After trimming its net short EUR positions for two weeks, the market reversed course and expanded its net shorts on EUR to 148.6K contracts (+8K). This build up reflects the shifting trends in risk sentiment regarding Greece and its ability to secure a second bailout package. Now that some net shorts have been cleared out, it is time to build them back up again. Thus, USD's remain in high demand. There was a further expansion in net short GBP positions of 7.4K contracts to 40.6K which builds on an expansion in the prior week. The GBP continues to move in generally the same direction as EUR and as risk appetite wanes so does appetite for GBP. It seems its luster as a safe haven has faded in recent weeks as the spec market continues to build up shorts. For the second consecutive week, JPY net longs were trimmed, this time by a significant amount as USD/JPY continues to trade higher. Net longs were reduced by 25.7K contracts to 25.5K contracts. It seems the market is starting to believe in the threats of intervention and jawboning has done the trick. There was an expansion of net short CHF positions by 6K to 15.8K as the market continues to increase its shorts reflecting the inability of CHF to move very much, though it is broadly lower against the USD. After the surprising moves in CAD and NZD last week, there was an addition to net long CAD positions of 7.3K to 9.5K positions. This is the highest level of net longs since August 2011. The fact that USD/CAD continues to orbit around parity and has not made a decisive move either way (above or below) has given the spec market opportunity to put their money where their mouth is and it is betting CAD will go higher. NZD long positions were added to but only marginally and there are now 23.8K contracts. Finally AUD positioning showed that net longs were trimmed by 1.3K contracts to 73.4K contracts, as the AUD's allure seems to have faded recently, though it still enjoys decent sized rallies on risk-on days.

NZD Chart (Weekly CFTC Commitments of Traders Report)

AUD Chart (Weekly CFTC Commitments of Traders Report)

Germany for the win...

warning: financial markets seriously damage health