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USDHKD Could this be the next Swiss Franc?The Swiss Franc used to be pegged to the Euro until 2015. The ECB went on a money printing spree with its own QE and the SNB could not sustain maintaining the peg. So it decided to remove the peg and the Swiss Franc strengthened against the Euro more than 20%. This caught a bunch of traders by surprise (mainly because the SNB said it was committed to maintaining the peg) and even collapsed the FXCM branch in the US. Now, will this happen to the HKD peg? Maybe. But the difference here is going long this pair will have you gain positive rollover and if the peg is removed, then price will likely appreciate. If price ranges, then you will be gaining around 1.77% a day, which is pretty decent (especially if utilizing margin. Be careful with using a large amount of margin). As this pair ranges and the FED keeps rates where they are at, with a standard lot, you'll be seeing around $4.85 a day. That is HKEX:1 ,770.25 a year and since the margin requirement for the HKD is around HKEX:10 ,000 for a standard lot, that is over a 17% increase (a little less because you will need more to add some buffer room or you'll get hit with a margin call). But if built correctly, this could be a nice play. I have an entry at the bottom of the band in order to get price at a good lvl. From here I can just hold. Remember, these are just my thoughts and what I am doing. I could be wrong so conduct your own research and analysis. Have some good trading out there.
Long
by DollarSaenz
EUR/HUF Some Wild Swings. Not for the Faint of HeartDid y'all see that yesterday. The EUR/HUF has a massive move lower for over 570 pips and I was able to catch that. I exited out of my position because I have been in the pair for a while now and think it is going to push higher. It is pushing higher now, so for now I am correct. But I think there might be a larger push higher. If this pair can hit 380 or higher, I'll likely get back in and start building up to a standard lot. The reason, the Technicals (monthly head and shoulders with price almost completing the head), Fundamentals (over 25% inflation, 13% interest rates, Hawkish NBH and the possibility of increasing rates), and sentiment (news, articles, thoughts, analysts are pointing to a stronger HUF) are all inline and providing support for each other. This strengthens the probability for price to move lower. This heightens my conviction in building larger positions on this pair as this might be an opportunity that I don't want to miss. Of course I am going to build my position in blocks and not just place one max position. I am thinking though, that the price might push higher because of the coming up ECB Rate Hike. But I am also skeptical that price will hit 380 (so, I might place an entry at 380.50). What would be good is to build a position above the 380, build a max position to have my average position above the 380, see price push to around 375 and place a stop at 380 (one can only dream). So now it's the waiting to see what price wants to do.
Short
by DollarSaenz
SNIPER TRADING SYSTEM OVERVIEWThe Sniper Trading System is set up for the Sniper to make minimum 30pips Daily in Forex. The system is built on the algorithmic movements (aka TIMES of day) that the market has the highest probability to trend✅ The systems foundation is Market Structure that we frame with two formulas: Wick Formula that gives you the structure areas and 17:1 ADR Strategy which traps price vertically within a specific time period that the algorithm moves price. Today I will break down the system in a straight forward way. Box 5PM-1AM EST (From wick to wick) Measure how many pips this zone is. This is your MORNING ZONE. Your 12AM candle is the key to finding your set up. If the 12 AM 1 Hr is RED you are looking for BULLISH plays for the day. If your 12 AM Candle is Green you are looking for the BEARISH play. Once price breaks the high or low of your MORNING ZONE you look for the set ups in confluence with your 12 AM 1 Hr Candle. After we find our set up bias we drop down to the 15min to snipe the play. We have a very tight 5 pip Threshold aka Stop Loss on the trades so this allows you quickly to know when price isn’t going in your favor to pull the trade and wait for another entry. This system trades the Macro Pivot Points so we are always in the trade at the beginning vs waiting for a pullback which often times doesn’t happen cleanly. Take profits at Extremes of the ADR aka liquidity areas (top of the wicks to the body of the candles) This play happens every single day in the market like clockwork. News will set the moves back later so it’s best to trade AFTER news hits unless you are already deep in the trade. I still suggest pulling your profits before news. This system is consistent and will put your trading in AUTOMATIC. Check out today’s set up and how it followed the system perfectly. Never over leverage. Trust your set up. Have fun! Everybody eat$ I AM Master JEDI and Sensi of #SniperGang
by Master-Jedi-Trader
1
FOREX Analysis - USDJPY on the verge of BreakoutUSDJPY on a 1H timeframe has formed lower high and higher low. the recent candle has broken out of a triangle pattern. if we see a breakout above 139.613 we can initiate a long position with a risk reward ration of 1:1, post which we can trail the SL for targets upto 141.618 Disclaimer: This is our personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision #forex #forextrader #trading #forextrading #money #forexsignals #trader #forexlifestyle #forexmarket #forexlife #daytrader #fx #finance
Long
by TeddyBear8884
FOREX Analysis - GPBUSD in a tight rangeGBPUSD is in a tight range if we see a breakout above 1.20276 we can initiate a long position with a risk reward ration of 1:1. Similarly, if there is a breakdown of 1.19798 we can initiate a short position with a risk reward ration of 1:1. Disclaimer: This is our personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision #forex #forextrader #trading #forextrading #money #forexsignals #trader #forexlifestyle #forexmarket #forexlife #daytrader #fx #finance
by TeddyBear8884
1
Weekly Analysis of September 25-30, 2022The importance of annotating the previous week is immeasurable. This gives you the proper perspective of where price has been and will likely go the following week. As Snipers in the Markets we rely heavily on past price action because it is indicative of future price action. Often times equal lows will get swept, imbalances aka FVG will get filled and equal highs and lows will get smashed. These are all areas that the algorithm that delivers price to the market reaches for at specific times of the day; every day in this multi TRILLION dollar space we know as FOREX. By studying your weekly analysis you are studying YOUR map of Price action on the asset that you are trading. You then get in sync how it moves, when it moves, and what levels of liquidity it will reach for. This chart is an example of the POWER of annotating the asset you trade and identifying the different times it moves. When you capitalize on these movements you capitalize on the PIP$! Never over leverage. This keeps your head in the game and allows your perspective to stay objective when draw downs will inevitably happen. You won't pull the trade early, and you'll allow the trade to manifest. Trust your set up. You wrote the script. You took the time to study price and where it has a high probability chance of going. Give price time to get there. Often times it will. Have Fun! This is the only space where you can make as much money as you want every day of the week! I AM Pro Trading Made Simple. Master Jedi-Sensi of #SniperGang Everybody Eat$
by Master-Jedi-Trader
Clean Up on Isle EURUSD!As we enter the final stage of the MET (Mount Everest Trade) this is the final narrative: There are no coincidences in Forex. If it happened before it will happen again. TIME is the most valuable asset in life and trading. When you leverage this wisdom on top of the FACT an algorithm runs this show: if you pin point the exact times the software reaches for Liquidity & Imbalances you have found your Broken Slot Machine. This slot machine gives away $100 dollar bills all day every day. Call me the Robin Hood of Forex. WE ALL EAT!!!!!!!! Forex isn't hard and I've cracked the code. All you need is one Broken Slot Machine to become a MASTER in this space. Never over leverage. Trust the set up. Have FUN! I AM PRO TRADING MADE SIMPLE
Short
by Master-Jedi-Trader
1
The Daily Route UPDATED!Here's the set up I put together Friday Evening. Price did everything it was suppose to. This long will last until 2am. This is a fakeout. Thus the (Judas Swing) When you know the schedule you can fade the Fakeout. MET (Mount Everest Trade) Trade Entry right at the top of this move and watch price melt. 2am The algorithm will engage the MACRO program and begin to trend in the bias of the day. Never over leverage, Trust your trade set up. Have fun! I AM Pro Trading Made Simple. (I wrote this play up Friday night in front of my students:)
by Master-Jedi-Trader
1
GBPUSD SHORT SWING TRADE. Technical AnalysisOkay, Out DXY is at Weekly support, and Pound is at Weekly Resistance. This is our typical Textbook setup so I'll advise you to put your RISK OFF. And by that I mean we're putting our cash on the dollar. We're still risking one percent of our Account with a 25 or 30 pip stop. Entry at 1.36137. This setup has the possibility to be our weekly high, and if that's so, We'll be looking for ways to short this coming week, until we get to the monthly support at 1.34815. Trade smartly! Thank you for reading! If you have a remark, feel free to drop a comment! Follow our channel and Like this post, if you find this useful!
Short
by AffluentTraders
3