Hi all,
that's beta test of our Forex Live Market Coverage - Market Makers Method / Price Action / Supply & Demand.
8:38 GMT ( 29.06.2016 ) - thank you in advance for any comments and feedbacks.
JOIN US TOMORROW AGAIN ( 30.06.2016 ) - NEXT LIVE TRADING COVERAGE STARTS BEFORE EUROPE OPEN
8:20 GMT ( 29.06.2016 ) - SUMMARY: Good start of our new idea - Live Market Coverage. The main purpose is education while monitoring FX market, to show how we read the mkt ( Market makers Manipulation, Price Action, Supply & Demand ).
0,5% daily profit, if we could do that everyday... :) and we missed few trades by few pips.
In addition, I'm going to record short video: how I manage intraday FX positions,
Im pretty sure it its going to be useful and will help you to understand how to manage the risk easy.
14:56 GMT - AUDUSD 0,7371 taking profit at the end of my day... so 30 pips booked ... 1 to 2 risk reward ratio. I've been risking 0,25% of my account value, so my profit is 0,5%. Goodies...
14:50 GMT - AUDUSD holding short, moved stop loss order to 0,7386 to ensure 15 pips or 1 to 1 risk / reward... will update
14:20 GMT - AUDUSD holding intraday short... as day is coming to the end for me, I moved my stop to entry level... will update
14:15 GMT - Market Flow: Stocks in a window dressing mood, USD demand visible...
13:34 GMT - AUDUSD intraday short explanation: I've been waiting for stop hunting earlier today ( check comments below ) and I missed good entry. Since then mkt made lower low on 10 min TF , channel has been created and I took the chance to go short on third test of the channel top, please check details on the chart below ( entry, stop and target are visible ), any hesitations let me know ( via Contact Form ):
13:20 GMT - EURUSD is testing intraday demand...
13:01 GMT - GBPUSD watching, would like to see how really strong bulls are above 1,3430+ , EURUSD missed morning entry ( no retest ) and do not want to chase the mkt...
12:55 GMT - USDCAD if bears fail here then 1,3160/80+ again on the radar...
12:36 GMT - AUDUSD selling some intraday at 0,7401, stop if bid 0,7416, risk: 0,25% GL
12:17 GMT - We are back... EURUSD found support around 1,1060 ( also mentioned b4 ), USDCAD intraday bulls took out 1,3030 and working with 1,3050 ( m-phone mid-line 1h chart ), watching price action here, EURGBP still looking to sell, awaiting confirmation, Gold ( XAUUSD ) is trying to hold earlier mentioned demand zone, AUDUSD - intraday weak, that's what we expected, did not hit stops yet
11:20 GMT - Short break here, waiting for US traders to join, will be back b4 US data
11:16 GMT - EURUSD UPDATE: CANCELLED, still looking to sell
10:43 GMT - USDCAD ... reversing, 1,3030 next ?
10:20 GMT - EURUSD I have limit to sell at 1,1109, stop bid 1,1136 ( again bit wider than under normal mkt condition ) and I'm targeting 1,1020/00 ( earlier will watch 1,1060 as well )
10:04 GMT - EURUSD looking for stops as expected... watching
10:02 GMT - USDCAD UPDATE 2: CANCELLED, missed entry by 5/6 pips and mkt is approaching our first target
9:41 GMT - USDCAD UPDATE: pls check the chart below for explanation. Under normal mkt condition our stop would be just above supply zone visible on the chart
9:24 GMT - USDCAD I do have limit to sell at 1,30, with 1,3023 stop bid, targeting 1,2960/40, risking 0,25% GL
9:19 GMT - USDCAD retesting 1.30 after breakdown... oil will be the key
8:44 GMT - AUDUSD let's see if we can get a bit higher prices, looking for intraday stops
8:34 GMT - EURUSD that is how I see the things ( for now only :) ):
8:23 GMT - Please bear in mind that end of the month and end of the quarter flow ( window dressing ) may dominate !
8:02 GMT - EURGBP testing supply zone on weekly chart, watching intraday price action b4 short
7:45 GMT - EURUSD looking for stop hunting rally 1,11+ b4 short ( for now )
7:35 GMT - USDCAD possible intraday demand 1,2945/25 ( watching oil as well )
7:26 GMT - Gold ( XAUUSD ) key intraday demand between 1307/1298 imho, EURUSD above ydy open but still opening gap is valid
7:15 GMT - AUDUSD watching possible intraday supply around 0,7408/16
7:06 GMT - Forex Live Coverage has educational purpose only ! Please check our disclaimer below.
7:00 GMT - Risk on at open. Watching FX majors, gold, oil and indices.
6:49 GMT - Good Morning.
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