Q1 Forex Trading Statement

this year has started off with a bang. I released my 2015 Forex Analysis which should answer lots of questions about my sentiment on the market and the trades I make. i finished the first quarter of this year with over 49% in profits and that's only for my Forex trading portfolio. Below are all my results and some charts from the positions I held. If you would like to invest in the fund or join me as an associate trader please feel free to reach out. The lord is happy to hear from you.

Here is my initial account information from the beginning of the quarter.

Annual Return

Monthly Return

Monthly Net Profit 

Monthly Accumulative Net Profit

Equity Curve 

Here are charts from some of the best trades from this quarter.

Awesome InfoGraphic on Wealth in the US

 This was an awesome contribution from our friends over at  www.infographicworld.com and the link for this is: http://infographicworld.com/wealth-in-the-united-states/

Crossing Moving Averages

I want to go over moving averages and what it means when they cross each-other's paths...I won't explain moving averages because the word is linked to an attachment that will give you a very good explanation on what they are. I want to focus on the phenom of crossing moving averages or MA and what that means for traders and how you should approach your entries or exits based on them.

I will use the NZDJPY on a 60min time frame as my example:
On the chart we can observe the Slow MA crossing under the Fast MA which is circled in white and labeled 1. This is a signal that the price of the instrument is ready to make a move higher and/or the trend is ready to change; but because all indicators are lagging we also see that the jump happened some hours before the indicator could show it. Normally a trader might consider this the signal for he or she to jump in the trade long but if we are patient we see that this is a 52-fake-out. For this to be a true trend change we would need to see candles come back down into the Fast MA for a test; after the test the price should close above the MA and move on to continue higher with both Moving Averages under the candles and the Slow Moving Average should remain underneath the Fast Moving Average until another crossover...

 Which leads me to the second half of this lesson.

The second crossing of the Moving Averages on the chart above circled in white and labeled 2 is the reverse of what I explained in the first paragraph. When the Slow Moving Average crosses over the Fast Moving Average we want to see candles comeback up to test the Slow Moving Average but close below it and continue lower; as we observe in the first blue highlighted box (10/14) where a beautiful Doji Candle was posted right at the Slow MA and then a gorgeous tumble down came next. A sell at this point is the proper way to trade a Moving Average Crossover.

Though they are easy to spot, it is very easy to be fooled and trapped into a position which can presenting false signals which is what we observed in the first demonstration of an MA crossover. Be patient and let the trades come to you; more so, know and accept when you're wrong. Don't let a lagging indicator be the reason why your account balance suffers. 

What's In Your Wallet?

The past few weeks have been great in the Forex Markets... If you're a good trader (lol). So recently We've seen movement across all regions especially the European markets and US. I want to take some time to look over a few pairs from a range of regions around the world to give my Forex Traders a birds eye view of where the money is and how to get to it.

USDJPY:
After weeks of beautiful buying right to our target of 110.000 this pair has now backed off in the most interesting way. No heavy selling but a steady grind lower; My idea is that this pair is falling to support at 107.000 before it takes off towards 115.000. Indicators are telling us that the price wants to take a turn for the worst but we must be patient and hold on to our long from 105.000 until we see that the bears truly want to destroy everything we've built.

 From this 240min chart above we can see that the pair has consolidated quite a bit but has moments of serious volatility which we can benefit from but must ultimately be cautious of. Buy more at 107.000 if it holds but be ready to close early if it doesn't. Try again at 105.000.

GBPUSD:

Has been a retail market murderer. The banks did a classic dramatic sell off and now all the small (dumb) money traders think its in a down trend...check your monthly charts. With that being said I'm heavily bullish. This pair has created a nice uptrend that started at the beginning of this month. it has made higher highs and higher lows. It reached a high of 1.62250 which alerted me to start paying attention. Fortunately there's been a pullback to its support at around 1.60400 which has held 3X's so far. On 10/11 the pair reached a low touching the weekly chart's 50% fib level and then turned around for a beautiful march into Sunday (10/12) Asian Session trading. Today it respected a bit of resistance at 1.61200 and also intra-day support at 1.60500 LMAO. See what I mean. Up and down, up and down is the story this pair is telling.

 We need to see 1.61500 taken so we can see 1.62000 taken so we can officially say this downtrend leg is over and we can continue with our monthly uptrend. Start looking to build your long positions. 

EURUSD:

This pair looks like it's finally coming out of its downtrend and ready to move on to bigger and better prices. From a daily chart perspective we can see that the pressure to the downside is still very relevant but I'm not fooled by the NY and European Traders' antics. They've reached their price target (Profit taking Fibonacci Level) and today the traders overtook 1.26650 resistance so I'm looking to build early long positions here. From 1.26650 with some caution for the downside play. 

EURGBP: 

This pair is looking similar to EURUSD. With a long standing downtrend in its way a lot of traders don't see any upswing in this pairs future. From my daily chart below I see something different; this pair is crossing over its into buy territory on the RSI indicator...and this indicator is lagging.

 Today the pair broke its resistance with a strong bullish candle. I see this pair moving higher shortly. My idea here is to buy from the resistance in hopes of it acting as support now for a stronger and bigger move higher. 

Last but not least,

GBPJPY:

Having a nice selling period as traders take profits and look for better prices to buy from. On a 240min chart we can see that this pair is ready for a stronger move lower which is where the GBP bears will get their chance to sell but they better do it quickly. This pair is approaching an important support line at 171.644 which is just above the gap-up from September. If this isn't held sellers have a second target at just below 171.000. All These prices are good places for buyers to consider their orders. I know these are contrary ideas but the markets are giving us signs of multiple opportunities and only 1 will be immediately correct... 

Pick-A-Side. 

The Fate Of The USD

So as we all know the FOMC will be meeting again to announce their almighty important notes and we traders need to be on out toes. I want to take the time to go over some of the most important currency pairs during these hours of waiting. In This report we'll cover the most traded USD pairs available, EURUSD GBPUSD, USDCAD, USDJPY, and AUDUSD.
GBPUSD: This pair has taken a turn towards the stars and looks like it could be reversing its current downtrend. Since July this pair has been steadily drifting lower and lower and reached a yearly low of 1.60000 which acted as support for some congested trading going back to...get this...October of last year...and also the 50% Fibonacci retracement price. On the daily chart below we can see the confluence in color.

After the first test of the low the pair sprang back up to 1.64000 where it was rejected and once again fell to and then below 1.60000 before is was pressed back up to 1.61585. On the hourly chart below we can get a closer look at how this pair has been performing with this weeks movements highlighted in blue. From 1.60000 the pair took a steady path up and actually rose above its resistance before it was pressed back below it. This tells me that the traders want prices above this and their only preparing the situation strategically; so should you. 

I would be looking to sell this pair from 1.61585 and buy it at 1.60000 keeping a close eye on it just in case the banks want to take the price a step lower to the 61.8% Fibonacci at 1.57000, another great place to buy. 

EURUSD: This Pair looks like a little more fun. It has taken its drop step by step, almost in perfect lock step formation as far as the 240min chart shows. We can see from the chart below that this pair has found some good support around 1.25500. From There it has been on a consistent march back up towards the 61.8% Fibonacci level it broke about a week and a half ago. It was rejected back down from there and ended up being supported just at 1.26650 which also acted as resistance on the way down. It's good to see the bank traders are respecting technical levels. 

I'd be looking to buy this pair from or near 1.26650 with some bias to the downside so watch your position with caution as this pair has been known to be hella volatile. 

USDCAD: Is a completely different beast. This pair has seen some serious congestion where traders are sending the price flying and falling all within 1 or 2 sessions. On a 60min chart we can observe that this pair is still being supported by its original up trend support line but it does look to be losing some steam as far as the bulls are concerned. Around 1.11600 would be the level I'd sell from IF I was going to make any trade. I don't see much more upside potential in this pair and I don't think the banks are ready to lower it out of its uptrend just yet (think manipulation) 

AUDUSD: Is another pair which looks to be turning its tides from being a seller to being a buyer. Over the past week we've seen the price hit its most recent lows only to pick up Monday with nothing but buyer behind it. Though this pair has been seriously volatile we can clearly see its upswing and potential for more bullish moves. Price us testing near term support around .87500 where we could see the price bounce and continue its uptrend. I want to see .88800 cleared before I step in for a buy only because of this pair history of volatility especially during odd hours. 

 And last but not least,

USDJPY: This pair reached awesome new highs and then....nothing. It's been so lackluster I wouldn't even suggest a trade if you're not already in a successful position already. If you are in a position I hope it's a long position and I would only suggest buying more while you have a chance before the hike towards 115.000 which probably won't take long considering all the stalling that's going on in the pair now. Below on a 60min chart we can see the consolidated trading of this pair. 

After The ECB

Last week we had one of those important ECB announcements. Let's go over what happened to all the relevant instruments this week. The market has been very interesting. [EURUSD, EURJPY, EURGBP, EURAUD, EURCAD]
EURUSD: Highlighted in blue we can see the movement of this pair throughout this entire week (Beginning 10/5) Its clear that this pair has bounced off the weekly 76.4% Fibonacci Retracement level and got back up to its 61.8% where it was rejected...so far. On the 240min chart we can see that the price has back to its most immediate support level at 1.26650. I see this pair moving higher prior to the FOMC announcements.

EURCAD: Has taken a similar route. On the 60min chart below we can see that this pair has journeyed above 1.41245 which actually has been great support for yesterday's trading and today's as well. I would treat this pair just as I would its big cousin EURUSD. Buy at support levels until FOMC announcement get nearer. 

EURGBP: Has elevated itself from its lows and is now above the pivotal .78277 level where it found support. Monday the price bounced off this price and found its way up to make new 2 weeks high around .79000. I would consider this a cautious buy because generally speaking this pair is a seller. but for now look for bouncing opportunities. On the 60min chart below highlighted in blue we can see this uptrend and the dynamics of how .78277 has been traded around, below and over. 

EURAUD: There was no point in highlighting this pair's weekly route because its in an obvious range. Yesterday gave us some hope of a breakout but it was rejected so harshly that I could hear the retail traders cries from New York to Australia. From a range low of 1.43440 to the range's high of 1.44500 there has been quite a bit on congestion. In my opinion I don't think this pair is worth trying to trade at this point. I would wait for the pair to clear 1.44500 before I reach in for a buy. 

Last but not least...

EURJPY: Also in a range but Japanese Traders are known to be a bit more methodical with they way they go about achieving prices. On Tuesday (10/6) we saw this pair reach its lowest of lows and the very next day (10/7) it reached a weekly high at 137.938. Today we saw the price collapse back down to the lows around the 136.500 level. From here I see more congestion but not before we get a chance to buy. I would be looking to buy this pair at 136.000 because Japanese Traders love their price targets and they don't like to waste time getting there. If this pair isn't reaching for new heights it's most likely looking for a particular low. Save yourself 50pips and a day of stress and wait for them to send the price to 136.000 tonight. 

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. 

The ECB Effect

So the ECB posted its rate announcement today and it was...to say the least; BORING. They didn't change anything actually but there was a reaction. Lets go over how the most relevant currency pairs reacted. Highlighted in blue is a two-day view of the pairs price along with its High and Low between the two days.

EURUSD

Has been falling steadily for over 30 days straight pretty much but yesterday it was pretty much congested and stuck in a range just before the end of the day when it consolidated; which is expected before news. What Most people didn't expect and what I predicted was the bounce in this pair. Contrary to the downtrend the market turned to the upside today. I know that banks and institutions use news for reasons to instigate sentiment and direction. This is what they did today. They sent the price all the way up to 1.26908 approx. 108 pips from yesterday's low of 1.25828. If we get a close above today's high/resistance(1.26650); we should see this pair turn to the upside for an extended period. The 60min chart below shows us what I'm talking about. Observe the RSI above 50 today... 

EURJPY

This pair has been on a downtrend as well but there is no rest for the weary when it comes to the Yen. Traders have been relentless in their pursuit to acquire yen for exchange for European Currencies. Monetary policies have created this atmosphere. Yesterdays high was met by a shooting start at 138.799. Towards the end of the day yesterday we saw our support of 138.00 broken, the pair slid into the London Session saw a new low of 136.947 and the price became congested around the time of the ECB Rate News; Leading me to believe the bank traders were simply trying to confuse the retail markets as well as get customer orders in before the price got away from them. Below on a 60min chart we can observe this behavior. 

EURGBP

So yesterday this pair fell but managed to pick itself up during the Asian Session and end the day just barely higher than it opened. Today was a completely different story. I wasn't sure when but I know there would be a bounce in this pair and boy oh boy did it bounce today. I knew this because of the consolidation without range I noticed on the 60min chart. Below on that same chart we can see the pair test a low of .77660 yesterday AND the day before that without breaking down. From there the pair used the new to bolster itself up to a high of .78497; passed the .78277 intra-week resistance. I see the tide turning for this pair and more positive days in its future. Below we can observe the RSI moving from below 50 to overbought in just 48 hours. Interesting. 

EURAUD

The Australian traders are giving the markets hell right now (lol). If you don't know anything about the Aussie traders and pairs I'll give you a bit of advice: Be early, because they move fast and often. This pair took a nice ladder up over the past few weeks and ended up going haywire in a realm of congestion just as it met new highs. Yesterday the pair failed to make a higher high (1.45609) and ended up falling dramatically. It ended the yesterday near its opening price and  roamed into today falling below its medium term support (1.44500) which looks like it could now serve a resistance. Today it has successfully made a lower low at 1.43447 and has began to retrace towards the aforementioned resistance test. Below we can observe the pair's RSI just above 50 but that seems to be the signal for the bears to come in and take control. 

Trades Worth $1 Million

Not only have I identified some awesome opportunities in the US Equity Markets, but I have also identified some great opportunities for profits in the FOREX Market as well. So I usually stick to the "majors" just to keep things simple but today I'm reaching into the "minors", no "exotics" though.

EURCAD is an interesting pair to consider at this point with all of the EURO weakness in the markets. Traders have been selling the pair heavily since the ECB rate announcement over a month ago. On daily chart below we can clearly see some support around 1.41245 which was resistance back in October of last year...Like I said, interesting. We know markets trade in mirror form basically reflecting whatever was before into the future and either repeating it or doing the complete opposite and doing so in the same fashion as the prior market moves.

Upon closer examination we see that this pair has been doing a bit of testing of traders and prices. The RSI has been slowly rising while price has been congested in a wide range. Below on the 240min chart we can see that this pair has tested the traders by breaking 1.41245 on an intra-day level, probably shaking out weak players, but ultimately respecting 1.40500.

 I see a buying opportunity from 1.40500 for the serious traders but for the newbies and skilled traders I would suggest waiting until the pair has taken over 1.44000 to ensure your mental state is not corrupted by evil bank traders with more money than you and less worries than you (lol). 

GBPJPY has been consolidating in a shitty range for a couple of days at this point giving traders very few options with ways to trade this pair. On the daily chart below we see the pair stuck under 178.737 but above 177.097 

On the 60min chart below we see the pair in such a slow moving tight range that it's hard to even get an entry on either side of the extremes. That leads me to believe that a drop lower towards 175.270 could be coming to take the price down to recent resistance that was broken to test it for a new support level.

If not the pair will rise through 178.737 from  the range low at 177.097

EURGBP is looking pretty shady. I have no entry yet but I do have some signals that tell me something serious is coming for this pair. Not only has its decline been sharp and swift but it has come with some divergence from the RSI, where we see a slight rise. This tells me there's extreme manipulation going on and the big traders have been suppressing the price (probably because its the easiest EURO pair to sink lower by force.). Below on the daily chart we can see the clear mis-communication between the price and its price's strength.

Wait for a floor and then buy.

EURJPY is showing us some signs of a reversal. Recently the pair has seen some heavy buying going on and is now above an important resistance line that is now acting as support 138.373. Not only has the price been elevated recently but it has broken above its downtrend resistance trendline. The daily chart below spells out the story for us.

Along with a snap of the trendline we see the RSI above 50 but below 70. This is an awesome time to buy this pair! I say buy at/around 138.373 for an initial profit target of 141.215 (recent high). 

GBPUSD is a prime candidate to start building long positions in. On a 240min chart we can clearly see the pair respecting 1.61585 and our RSI is moving our of oversold territory to give traders a chance to join the big boys for the long ride home back to the highs we associate with this pair. 

From an entry at or around 1.61585 I set my profit target my profit target at 1.64000 and after that, the sky is the limit. 

 As for USDJPY I say...Stop being so afraid of 110.00, we all know the banks are going to take this pair to 115.00. I have a video posted (right side of page) that even tells us the likelihood and story of the trip. Below on a 60min chart we can see timid traders waiting for the banks to come back to this pair (and out of EURGBP) to send the price higher for us.

 If you're like me and got in around 105.00 be strong and confident, wait, you'll be happy you did.

High-Pay Stocks For Busy People

Last week was a great week in the FOREX market, but I like to reach across all markets so this week I'm looking at a few stocks that show some good potential to move. To be honest I'm not really into day trading stocks because for some reason the stock market actually believes in fundamental analysis. Don't get me wrong, I'm not saying the analysis of opinions and events isn't worth a damn, I'm just saying I prefer to trade markets where their effects aren't so dramatic.
To start this thing off I want to bring attention to a previous employer of mine which took a 26 year vacation from the public trading floors only to return with a vengeance, Citizens Financial Group (CFG) went public last week and they did so in style!! Although there isn't much technical analysis to do on this instrument its charts still tell a good story and show signs of healthy growth in its future. Below is a 5min chart which shows us the Royal Bank Of Scotland (RBS) owned Retail bank took off from its Initial Public Offering (IPO) price ($21.50) and has't turned back since. I'm looking to get into this value priced stock before the price becomes too pricey!

Next up we have Alibaba (BABA) which has surprised US investors by taking a turn to the downside after a decent IPO. The Price has been suppressed and congested since its heavy decline the day after its IPO. But to be fair the stock is showing some interesting behavior on its 15min chart which has just now become useful because of the instruments infancy. From the chart we can see an obvious wedge which favors the upside, only because the recent lows have been getting higher and highs are testing intra-day resistance levels. A break above the upper boundaries sends us to test its opening price and in case of a break below lower boundaries we will see a test of the all-time low at $86.62.

Now I've talked about MCIG before when I wrote about which Weed Stocks were worth looking into. We see from the daily chart of this company's stock that it has suffered from some serious distribution which has taken its price below its long standing support of .2604. We now see the stock attempting to rebound but it looks like this is only a play towards the old support which will most likely be turned to resistance. I would buy this pair until a true floor has been designed on a daily chart. For now a sell from the aforementioned resistance will do.

Now not too long ago someone on StockTwits (@joekidd) called me out on my Citigroup (C) prediction. I saw a short opportunity and this guy didn't think it could be true but today I want everyone to observe a false breakout which is one of my favorite events to take place because I usually walk away with such easy money. This stock has done a typical run up out of its range only to collapse back down into it and then move towards its bottom end nearly touching my profit target at $51.10. If you want to play the game the right way, buy at the bottom of this range...trust the lord of trading. Don't be like the kid joe.

AMAG has completely disrespected my initial set-up so now I say, buy it. The 60min chart shows us that this stock clearly has some supporters and they wanted the price completely out of its range and today it gaped up over $3 higher than its close on Friday $23.08. Jump in at the previous high $24.87 which should turn to support.

So if you're looking for some stock you can earn from without having to babysit your account all day than I would consider all of these stocks. They aren't too expensive and the offer enough volatility to make money quickly but not too much volatility that its impossible to set and forget which is always the goal. 

Chic Shoes That Won't Hurt

So This week I clocked some dollars and manage to pull profits out of my NZDUSD trade and now I want to go shopping. But here's the problem. I can't decide on what I want to buy but the good news is that I've kind of narrowed it down. So I know I want sneakers and some polo shirts. Now I only wear Hugo Boss and Ralph Lauren shirts but my shoes can generally come from anywhere. SO I've piecked out a few different pairs of shoes and shirts and I want you all to tell which you like best of the options. Be sure to leave a comment on what you think and suggest!!
First up are shirts:
Hugo Boss Long Sleeved

Ralph Lauren Long Sleeved 

I personally like color in the colder months but the chicness of neutral colors sings to me in the most beautiful depressing voice. 

Ralph Lauren  Short Sleeved                                          

Hugo Boss Short Sleeved 

Again, I can't decide from the sleek neutral European look or the colorful American Style. Well next up we have sneakers. This should be Fun!! 

Buscemi  

Bottega Veneta

Bally

I can't even start to choose between these sneakers as they are all my favorite. Please help =( lol.