Hi there, my name is Ivan, FX trader. After studying varies sources of information for the past few years, my understanding of the FX market has improved dramatically, with this blog simply intending to share with you all a journey within my mind. When I make it to full-time trading, I know the first person I should be grateful to is an Aussie PA trader named Jonathon; He has been inspirational and an enormours influence to gauge where the money flows to. His trades can be followed at http://forexpriceactiontrader.blogspot.com/ . What price is telling you is key, as it always whispers in low or high intensity what market intentions are. I do not endorse the use of any indicators, as they are lagging in nature; analysis should be based on pure price action. Besides, other factors like sentiment, fundamentals, risk control, rock-solid discipline, thousands of hours readings charts, also make up the equation to succesfully ride the FX waves. When entry triggers are detected, I act without hesitation, letting the market do its thing. Please note, information and opinions contained in this blog are for educational purposes only and do not constitute trading recommendations, thus will not take responisbility for any losses viewers may have. Trading FX carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. You should not invest money that you cannot afford to lose.







Sunday, 23 January 2011

EUR/AUD LOOKING QUITE BULLISH m/t VIEW


Ok guys, this is one pair i am extremely eager to jump on board, riding what I expect will be quite a run to the upside.This pair is coming off record lows and with a double-bottom in place on the daily charts, all the signs are looking bullish. I have put this pair on my watch list, monitoring for PA very closely, wanna buy on big dips... around 1.3500 will be ideal... Another one I like is AUD/CAD... Please note I dont trade more than one currency basket at the same time, and since I still have 1 open position with NZD/USD, will try to look at the perfect timing to withdraw my position in this latter, and shifting my focus on any AUD shorts, against mentioned EUR or CAD I would like... reason is dont want to overcommit on shorts oceanic currencies.... Despite everything can happen, some gauge of how the mkt may behave in the future based on fundamental is always an important ingredient to take into consideration... at the moment, eventhough I feel so sorry for all aussies out there, economics wis Australia looks set to face a very steep climb to recover from the natural disaster...  
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  1. JVF4 February 2011 at 06:19

    Hey mate your blog is looking great. One word though. I think forming biases of fundamentals etc can be very very dangerous and in particular things such as floods etc.

    The reason we trade with the trend is this: The market trends are made by large news decisions. That trend will continue to go in thst drection untill big news turns it around. If we form biases of news events the market has a nasty habbit of doing the exact opposite of what it should and what would be expected.

    Besta luck,

    Johnathon

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