Top 2015 Forex Trades

This year will be a good year for the Forex Markets. With a slew of important economic news coming out of the European and Japanese regions. Recently published, our 2015 Forex Outlook details the technical and fundamental factors that are the foundation for the trades in this report. The 3 major currencies USD, EUR, and GBP offer some of the greatest opportunities for growth based on analysis of fundamental analysis of upcoming news events and technical analysis of specific pairs that are directly affected by the news.  

USDJPY:

The USD has experienced some serious growth through 2014 and it looks as if this trend will continue at least half way through 2015. The BOJ wants to ignite some inflationary pressure on its economy through some more huge stimulus plans and the US wants to raise its lending rates this year. That equals a buy for the dollar and a sell for the yen. 

On this monthly chart we can clearly see that the USDJPY has rebounded substantially and following the trend is the name of the game. A good buy entry would be at 115.000 and an initial profit target is set at 125.000. The next profit target is 135.000. The stop loss limit for this target is 110.000. That's a 500 pip risk for a 2000 pip gain; 1:4 risk/reward ratio.   

EURGBP:
The EUR has been the bottom of everyone's trade since 2014 and with Greece's General Election results it looks like the selling will continue. The EURGBP is a perfect pair to take advantage of this situation with the technicals of this instrument are telling us the pressure to the downside is real.

The best entry to exploit this trade is to find resistance around .7800 and sell into the next major support at .7000. The stop loss limit for this .8000. These levels leave us with a 200 pip risk and a 800 pip reward; 1:4 risk/reward ratio.

EURUSD:
Still the most traded currency pair in the Forex Markets. On a monthly chart we see that the technicals have truly slid into bears' territory. The pair has broken below the major 1.2000 support.

The volatility of this pair leaves us with no choice but to trade this pair using wide ranges for our orders. The best sell entry is actually a zone. Between 1.19000 and 1.2050 is the recent support zone broken and will turn to our new entry zone. 1.35000 is the stop loss limit price. The best scenario and most probable will be the price of this pair dropping to parity at 1.0000. The next profit target will be .90000; That's roughly a 1:2 risk/reward ratio.  

GBPCHF:
The Swiss bank finally removed its CHF ceiling and has cleared a path for CHF bulls. The techincal truth about this pair is that the selling trend has been in demand for nearly a decade and the pair's price has moved below a serious moving average line.

A great entry level would be a sell from 1.50000. A stop loss limit would be perfect just above the high of the recent leg lower which is 1.55400. The lowest low is the profit target to aim for at 1.15000. That's a risk of 540 pips and a potential reward of 3,500 pips; roughly 1:6.5 risk/reward ratio!

These trades offer exposure to some of the Forex Markets most plausible and profitable fluctuations. They also work in concert with each-other creating synergy through the hedging strategy. We are buying the dollar through our EURUSD sell and USDJPY buy. We are selling the EURO through our EURUSD and EURGBP sells. We are safe from a flat GBP with our EURGBP sell and GBPCHF sell which will give us insight to the strength and market sentiment which is hard to analyze in the GBP at this point.  

Hacked Market Trades Made Me Over $10k

This week has been a pretty lackluster one in my opinion. Not good for trend trading but an awesome week for some day trades. I made Over $10,000 in USDJPY by holding on to the rest of my long position from way back when I bought it at 105.00 and I intend to hold it even longer after seeing the markets Post-ECB emotions.

On a 240min chart we can see the uptrend begin to consolidate but still provide us with small momentum towards the upside. This may not be the best environment to try to buy and hold any trades more than a few hours to a day at most. 

For a view of something we could've actually traded we should move to down to a 60min chart. Below on the chart we can see highlighted in blue a 5 day view of this pairs movement; What we observe is that this pair provided at least 15 pips everyday that could have been sucked out of some day trades. Monday we rose during the London Session only reverse the entire move + some. Tuesday We see the pair rise 15+ pips during late London/Early New York Sessions and consolidate into the end of the day. Wednesday Was an awesome day because we got to see the pair test 110.00 for resistance twice only to fall 20+ pips. The Fall continued into Thursday and reached a floor towards the end of the New York Session. Once the floor was reached during the Asian Session the pair decided to march over 100 pips which lasted through Today's London Session and New York Session. 

If you were looking for some action this week USDJPY was just one pair that provided daily pips for the acute traders. 

Cheers to my Hooligans in London

Looks like my boys(and girls) out in London are done taking profits from this years buying frenzy. GBPUSD looks to be a little exhausted from all its recent selling. Yesterday the pair posted a measly doji candle  at what seems to be the bottom of a  2 month correction/ sell-off. Coincidentally this level is just above 1.600 OR the 50% retracement level of the initial move upward that started in 2013. As of now the price is at a yearly low of 1.62030 but looks to be setting a reversal in motion. After the doji posted yesterday September 9, GBPUSD closed at 1.61051; today the pair showed some strong support and took the price soaring to 1.62295, some 124.4pips!! In the figure below you can see the recent moves and important price levels to watch in the near future.

I'd be looking to build my buy around these low levels in anticipation of a reversal in the near future. My confirmation will be the 1.64 support on the way down turning into broken resistance on the way up. As for now we wait.  

GOING H.A.M.

So tonight I loaded up on orders because I've been on the sideline waiting for a few pairs to decide what they ultimately want and it seems as if they've made they're decisions. I'm not going to tell just what orders I've sent because I feel like we still have a lot to do to turn this EURUSD long trade into some profits. So far I've been shorting the pops in the pair but in between my large Lon position I've been building since price was around 1.33. As of tonight the price is around 1.313 just 20 pips away from our 1.315 support price and well into the support zone which bottoms out at 1.31. These levels represent a 61.8% retracement level from the 2014 highs. I'm bullish on this pair but it'll take some time before the price can support higher offers. The lower bids are drying up and daily candles are becoming doji designs for the retail traders to try and figure out.

For now I'm looking towards GBP, NZD, JPY and CAD for near term action with Canadian and Japanese monies capturing my preference for trading. Tomorrow iff one of my orders is taken, will I reveal all of the orders I placed today.