Oct 23, 2016 - (Video) Weekly Tech Overview - Update: AUDJPY

Hi and welcome to our Weekly Tech Overview.
This week I'm going to make an update to our view of AUDJPY .

Last week failure at the top of the channel may create nice selling opportunity, please check the video below for more details:

Original Weekly Tech Overview Week 29th: check here or below:

Hi all,
AUDJPY weekly - we have to take AUDUSD ( please check our previous Weekly Tech Overview here ) and USDJPY into consideration. In both cases bulls have got a chance and space for rally. If true, that could help to test top of the channel on weekly AUDJPY chart and that could be the first chance to go short ( failure to close above ). Any kind of action from BOJ may help for further rally twds 88 ( that would be +10% from current level ) and it could create another chance for sellers.

Weekly close above 88 will cancel bearish scenario and will open the door for a test of 95/96 levels and then 100/102/105 ( its not unlikely with strong Central Banks manipulation in place ).

Summary: patient is needed, short could be in play only with failure at the top of the channel ( break and close above could be short term buy signal ) or on a rally towards 88. Good Luck.

Mr Price Action

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice.

All rights reserved ©2016 www.landoftrading.com Contact: landoftradingATgmail.com

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Sep 2, 2016 - (Forex) Chart of the day: Pre - NFPs Tech: GBPUSD, EURUSD, USDJPY

First Friday of the month in financial world usually means it's a NFPs day or USD day :)

Is it really going to be the last piece of the puzzle ( are we going to get confirmation of September hike ? ) ?

What can we expect today ?

To better understand the market expectations/implications please check our Story of the Week here and Data Alert here

Are you ready ? If so, please check our trading plan below:

GBPUSD - medium and long term still bearish ( as long as there is a chance for two hikes this year ) but because market is extremely positioning to the downside it could easily change to neutral/bullish on any kind of disappointments /  Fed hesitations:

Monthly chart:

NFPs / Intraday Trading plan: we think, that from day-trading perspective would be great if specific things happen: the headline differ from details. What does it mean ? What we are looking for ?

1) If the headline will be better but for example avg hourly earnings weaker we are going to have a chance to fade initial reaction to the downside ( looking for longs on dip towards 1,3200/3170 or even 1,3145/25 ). 

2) The second scenario would be the weak headline but strong details - in that case we would like to see stop hunting to the upside first and then short ( 1,3355/75, 1,3420 or 1,3480/3530 ).

3) Otherwise, if we see * one way ticket * we will try to join the market by buying pullbacks/selling rallies.

1h chart:

EURUSD - similar situation here, still bearish but... ( please check the notes on the chart ), weekly close above 1,1450/1500 could change that.

Monthly chart:

NFPs / Intraday Trading plan: we are looking for the same pattern as above. And if that happens will look to fade rallies towards: 1,1245/55, 1,1270/90 or 1,1325/35 

and opposite, will try to fade stop hunting to the downside towards: 1,1120/10, 1,1075/45 and 1,10/0980.

1h chart:

USDJPY - a little bit different story here. What we are looking for is an agreement between headline and details. If that happens we will try to join the market and we do believe market will try to reach quickly one of the zone visible on the chart below.

Weekly chart:

As usual please trade safely, we are not going to risk more than 0,25% per position.

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmail.com.

Happy Trading

Mr Price Action

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmail.com

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Aug 29, 2016 - Weekly Tech Overview: NZDUSD

Hi All,

As you may already know, currently we are USD bulls but not blind ones. We do believe that patience will pay in a long run. Sometimes it's better to wait to get better chance to buy (USD in this case) or even to try to trade short term in opposite direction (only after finding a real opportunity).

So, we think that NZDUSD is this type of FX pair, where patience will pay off in the long run but still with some intraday possibilities to trade against greenback.

Looks like one more rally is possible here before a sell-off. 

As a bear (and only if you are not in the market yet) I would wait for a rally twds 0,74 (maybe higher) before joining the short side medium/long term.

If you are a bull or short term trader (looking to trade both directions), it could be a good idea to wait for the bottom of the channel on a weekly time-frame.

Chart below should explain my way of thinking:

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmail.com.

Happy Trading

Mr Price Action

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmail.com

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( Chart of the day ) Forex - EURUSD Intraday: higher level possible while above 1,1050

EURUSD Intraday: higher level possible while above 1,1050.
Breakout after FOMC, bulls need to hold 1,1050 for one more push twds 1,1150+ but be careful, end of the month and end of the week flow may dominate. Market is waiting for good opportunity to buy USD back. Could it be US GDP tomorrow ?

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading       teams view on past and current economic and capital market environment. It is not and shouldn´t been viewed   as an investment advice and the creator of this material shouldn´t been hold liable for any loss resulting from       action where despite this disclaimer someone would consider this  material  as an investment advice. 

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Weekly Tech Overview - GBPAUD - No man's land

GBPAUD weekly chart: No Man's Land:

Possible demand on weekly chart: twds 1,67/1,63 and then twds 2012 low around 1,47/4350

Possible supply on weekly chart: twds 2,05

GBPAUD:  Patience will pay out if you are long term chart trader

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice.

All rights reserved ©2016 www.landoftrading.com Contact: landoftradingATgmail.com

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Forex Trading - Live Market Coverage 19.07.2016

Hi all,


that's beta test of our Forex Live Market Coverage - Market Makers Method / Price Action / Supply & Demand. ( Page does not refresh automatically ! )

15:40 GMT - Ok, that's it today, without fireworks, watching market and will update. Watching current USDJPY PA, also AUDUSD, USDCAD, USDCHF and AUDUSD. Trade Idea will publish as separate post ( if any ). Have  a great rest of the day ! 

14:39 GMT - USDJPY looking to buy intraday dips ( but breakout point needs to hold )

13:17 GMT - USDCAD: looking to sell intraday, pls check chart below:

12:46 GMT - Action ! after US data, EURUSD looking to sell on rallies twds 1,1040/50 ( if seen ), will update

12:18 GMT - doing nothing... just watching

10:47 GMT - GBPUSD below ydy low, testing Fridays low...

10:27 GMT - EURGBP: pls check chart below:

09:04 GMT - Strategy: Stand aside for now

08:42 GMT - ZEW next... waiting for 1,11+ stop hunting before or right after the news....

08:30 GMT - UK CPI:  June mm +0.2% vs +0.2% exp

08:00 GMT - EURUSD looking for 1,09, intraday selling rallies could be the name of the game...

07:20 GMT - EURJPY possible scenarios:

06:50 GMT - EURUSD - looking for Friday pre-US data high as potential intraday supply zone

06:18 GMT - USDJPY is testing intraday supply ( within daily supply ), not big pullback suggest we may see stop loss hunting soon...

05:44 GMT - GBPUSD bulls need to close the day above 1,3342/3422 ( looking to sell while below that zone ), UK CPI next...

05:19 GMT - Good morning...

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading       teams view on past and current economic and capital market environment. It is not and shouldn´t been viewed   as an investment advice and the creator of this material shouldn´t been hold liable for any loss resulting from       action where despite this disclaimer someone would consider this  material  as an investment advice. 

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Weekly Tech Overview - AUDJPY - Week 29

Hi all,
AUDJPY weekly - we have to take AUDUSD ( please check our previous Weekly Tech Overview here ) and USDJPY into consideration. In both cases bulls have got a chance and space for rally. If true, that could help to test top of the channel on weekly AUDJPY chart and that could be the first chance to go short ( failure to close above ). Any kind of action from BOJ may help for further rally twds 88 ( that would be +10% from current level ) and it could create another chance for sellers.

Weekly close above 88 will cancel bearish scenario and will open the door for a test of 95/96 levels and then 100/102/105 ( its not unlikely with strong Central Banks manipulation in place ).

Summary: patient is needed, short could be in play only with failure at the top of the channel ( break and close above could be short term buy signal ) or on a rally towards 88. Good Luck.

Mr Price Action

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice.

All rights reserved ©2016 www.landoftrading.com Contact: landoftradingATgmail.com

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(Tutorial) Land of Trading - Risk - Introduction

Intro - How Big Should I trade ? Trade small to Win Big, start the adventure of the Price Action Trading / Market Makers Method here:

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(Tutorial) Land of Trading - My chart - Intro

Intro - check how my fx chart looks like, get first/basic explanation why I'm trading  * naked * charts, more to come, start the adventure of the Price Action Trading / Market Makers Method here:

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Forex Trading - Live Market Coverage 15.07.2016

Hi all,
Join Us again, we are back tomorrow 15th of July 2016

that's beta test of our Forex Live Market Coverage - Market Makers Method / Price Action / Supply & Demand. ( Page does not refresh automatically ! )

18:16 GMT - missed EURGBP buy opportunity, then after strong US data we have not seen any USD pullback, hence we were not able to go long. I'm sure a lot of opportunities again next week. Have a great weekend !

15:39 GMT - intraday SP 500 FUT trying to break to the downside

14:20 GMT - EURAUD waiting for daily and weekly close, could be very interesting early next week

13:55 GMT - slow Friday market... intraday loking to buy some USD on dip, will update

12:44 GMT - Real avg weekly earnings are better ( +1,2% y/y vs +1,1% prev ) and that could be the key for USD later today

12:00 GMT - Waiting for US data...

11:23 GMT - GBP strong bounce / rally this week ( thx to GBPJPY and BOE ? ). GBPUSD 1,35 as key today.

10:55 GMT - XAUUSD ( Gold ) please check comment on the chart

10:31 GMT - USDJPY waiting for US data, we are testing supply zone based on daily chart 

10:21 GMT - USDCAD waiting for US data, strong data + possible demand around 1,2825 equals long for me

10:09 GMT - ALERT: EURGBP limit to buy at 0,8295, stop offer 0,8258, risk 0,25%

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading       teams view on past and current economic and capital market environment. It is not and shouldn´t been viewed   as an investment advice and the creator of this material shouldn´t been hold liable for any loss resulting from       action where despite this disclaimer someone would consider this  material  as an investment advice. 

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Forex - Live European Session 12.07.2016

Hi all,
Join Us again, we are back tomorrow 12th of July 2016

that's beta test of our Forex Live Market Coverage - Market Makers Method / Price Action / Supply & Demand. ( Page does not refresh automatically ! )

10:47 GMT ( 13.07.2016 )  Summary of yesterday Live Market Coverage:
GBPUSD remaining 50% closed at entry level ( so +0,25% in total ) and EURUSD stopped out ( -0,25% ). Total for a day: -0,5%

02.08 GMT - EURUSD long, target 1,1109 / GBPUSD remaining short, target 1,3192 GL

01:52 GMT - GBPUSD closing 50% at 1,3272.... stop for remaining 50% at entry

01:35 GMT - AUDUSD 0,7597... pop from here possible / EURGBP still looking to buy

01:17 GMT - EURGBP stop hit -0,25% / GBPUSD selling some at market ( 1,3327 ) stop bid 1,3365

23:22 GMT - Early Tokio preview:
Long 0,5% EUR via EURUSD and EURGBP ( at some point may decide to change one of them to EURAUD, dont need bigger EUR exposure )
GBPUSD - as mentioned b4, looking to fade pop above 1,33
AUDUSD - softer here, been short ( with BE ) earlier and will look to sell rallies
USDCAD - staying out for now, BOC rate decision on Wednesday
XXXJPY - maybe Im wrong waiting for deeper intraday dips but not going to chase the price

Will update...

17:16 GMT - ALERT: EURUSD very risky Limit to buy at 1,1064, stop offer 1,1049, risk 0,25% GL

17:14 GMT - GBPUSD - looking to sell first pop above 1,33

16:43 GMT - UPDATE: EURGBP holding long position....

16:01 GMT - SP 500 FUT stop has been hit, -0,25%

14:58 GMT - USDCHF shame, as expected but without us. I was too afraid and to focused on the supply from previous hour...

14:28 GMT - ALERT: AUDUSD exited here at 0,0,7632, we did nothing for last 6 hrs or so...

14:27 GMT - ALERT: SP 500 FUT holding short, will close 50% at 2134 ( if seen ), will move stop to entry and 2120 as final target GL.

14:03 GMT - ALERT: USDCHF exited here at 0,9831/32 / SP500 FUT short at mkt ( around 2142 ) stop 2146, risk 0,25% GL

13:43 GMT - Short Summary:

EURGBP limit order to buy...
AUDUSD holding short, please check ROADMAP below
USDCHF holding long, WILL MOVE STOP TO ENTRY when price hit 0,9850
XXXJPY there was only shallow dip right after Europe open, still looking to buy but don't want to chase the price

As we already have 0,5% exposure in long USD, we are not looking to add for now. Will update.

13:08 GMT - ALERT: EURGBP limit to buy at 0,8355, stop offer 0,8309, target 0,8615, risk 0,25% GL

12:05 GMT - ALERT: USDCHF - gone long at 0,9830, stop offer at 0,9810 targeting 0,99 zone, risk 0,25%  GL

11:31 GMT - AUDUSD holding short... ROADMAP ( valid as long as below our stop lvl :) ):
at 0,7611 will move stop to entry level
at 0,7602 will close 50%
0,7587 as final target ( also will check PA and will look for longs )

10:38 GMT - EURGBP waiting for any kind of stop hunting twds 0,84 before long

10:05 GMT - USDJPY 104,00/05 next possible intraday supply... but market may want to punish shorts and try to rally till Friday US CPI and Retail Sales data. Don't want to trade against right now, looking to buy deeper dips ( if seen )

09:27 GMT - ALERT: AUDUSD limit to sell at 0.7632, stop bid 0,7652, risk 0,25% GL

09:06 GMT - XAUUSD ( Gold ) ydy close below 1358 is what I was waiting for ( please check Gold analysis here ), will try to short intraday rallies twds 1362/66 ( if seen ), will update

08:49 GMT - EURGBP: Carney next... are we going to get any hint related to Thursday's BOE rate decision ? Will look to buy on dips ( please check chart below ):

08:00 GMT - USDJPY quick and strong sudden sell-off, was not able to send trade idea on time... but if short then at least partial profit taking here

07:52 GMT - AUDUSD intraday within supply zone but be carefull with selling, bears could face more pain short term as I mentioned in our Weekly Tech Overview here

07:36 GMT - USDJPY intraday, will try to trade both sides...

07:27 GMT - EURUSD looking to sell intraday rallies...

07:22 GMT - GBPUSD approaching intraday supply...

07:01 GMT Good Morning, Europe is open....



 DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading       teams view on past and current economic and capital market environment. It is not and shouldn´t been viewed   as an investment advice and the creator of this material shouldn´t been hold liable for any loss resulting from       action where despite this disclaimer someone would consider this  material  as an investment advice. 

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Forex - XAUUSD ( Gold )

XAUUSD ( Gold ) - situation is not that clear, as bears gave up too much ground last Friday.
I'm still looking to sell intraday ( looking to sell again ) but need to see daily close below 1358. If done the next target ( visible demand ) should be around 1335/30 and then around 1300.

As you can see on the charts below ( two the same daily charts with different zoom ) there is also chance for patient bulls. Weekly close above 1375/80 will cancel my bearish scenario and rally towards 1400, then 1465/85 and finally towards top of the big m-phone formation will be possible.

Mr Price Action

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Weekly Tech Overview - AUDUSD - Week 28

Hi All,
previous week dollar index analysis has been published. As AUD is not included in USD basket please find AUDUSD weekly chart below.

AUDUSD weekly chart: short term bulls got the chance to push price higher, hence more pain for bears. Longer term we could see downside continuation. So selling rallies is preferred, please check details on the chart:

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NFP - Charts - Tech overview

Hi,

Non Farm Payrolls as a key point today. Be extremely careful as market can react differently than before. Dont forget we are in summer holiday mood :)

EURUSD 1h chart:

USDJPY 1h chart:

SP 500 FUTURES 1h chart:

XAUUSD ( Gold ) 1h chart:

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Forex - Live European Session 05.07.2016 ( UPDATE )

Hi,
that's short update to our Live Market Coverage:

13:09 GMT - XAUUSD ( Gold )  closing half short from 1371 here around 1359, for remaining 50% stop has been moved lower to entry level...

12:20 GMT - We are taking profit on SP500 Futures as per our plan from last meeting.

SP500 FUTURES we are taking profit here around 2090, +0,75%

13:46 GMT - Ok, let's try to summarize what we have:

1. USDJPY looking to buy dips around 101,50/40

2. XAUUSD ( GOLD ) looking to sell around 1371...

3. GBPUSD not for me for now

4. EURGBP missed buy, looking to buy dips to 0,8470 ... if seen

5. EURUSD will try to trade intraday extremes but be carefull as main focus is EURGBP ( at least for now )

6. USDCAD missed by few pips or so.... I know some of you took it on a break to the upside ( if you don't know what I mean check our USDCAD chart )

7. AUDUSD missed sell, they did not even try to look for stops above Tokio high

8. SP500 Futures as per chart below, looking to trade both sides

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