Steven's Daily Trading

04/25/2024

Still on the same trend as yesterday.
EUR/USD counter trend, expect the price move up a little bit to 50% retracement level at 1.0744, supporting level at 1.06006
GBP/USD Same trend with EUR/USD, expect the price move up to 1.25131, support level at 1.23121
USD/CAD on a reverse down trend, expect the price fall until 1.36069, resistance level at 1.38270

Safe trade today!

04/25/2024

Take the profit and walk away for today.

EUR/USD Price hit 1.07260
GBP/USD Price hit target 1.25131.

04/26/2024

The price is at the resistance level today, and no clear direction for now. but yesterday opened short entry on the significant downtrend on M5, lesson learned from that is to take the profit after those significant changes.
EUR/USD at resistance level 1.0740, price expect to further down on this level
GBP/USD at resistance level 1.2500, price expect to down again to 1.2300
USD/CAD down to 1.3655 at 50% retracement. expect it go up again to 1.38454

Happy weekend!

04/29/2024

The last Friday price close a negative bar. and suppose to further down on this resistance level, trade idea is to sell when H1 or H4 confirmed the down trend.
EUR/USD at resistance level 1.0740, price expect to further down on this level
GBP/USD at resistance level 1.2500, price expect to down again to 1.2300
USD/CAD was down to 50% level, but the supporting area is weak as of now, so leave aside for USD/CAD

04/30/2024

For most of the time, just be patient and wait for the price movement on its own.
Nothing we can do but watch.

EUR/USD. Price close below 1.07 at 1.069, it shows a retrace from last Friday's downfall, the bulls still in place and try to boost it up higher than 1.07
GBP/USD. Price close above 1.25 resistance level. and on the H4 shows an strong up in London session. for today, waiting for the buy to sell at the same time zone. now still looking opportunity to short the pair.
USD/CAD. Price close a small up trend pin bar. the price retest supporting level at 1.36168. now the long target to hit 1.38454

Be patient with the market. and keep watching.

05/01/2024


EUR/USD: During the day, the price retest the resistance level 1.07374 serval times, and finally breakdown of the previous daily inside bars. as it was following the re recent downtrend, supposed to hit the previous low point of 1.06095 or even further down. now setting the TP at 1.06095
GBP/USD: Price fall down for the whole day, with Stoch (8,3,3) confirmed the sell trend. price suppose to fell down to the support level 1.23343 before the bounce again.
USD/CAD: Price touch the support level 1.36487 and form a small inside bars around the level, and continue the uptrend immediately breakout the inside bars. target to close the long trade at 1.38309
USD/AUD: Price fall down on the resistance level at 0.65875, with the Stoch (8,3,3) confirming the sell direction. target to close at 0.63856

05/02/2024

EUR/USD: Price surge up and retest 1.07347 again in NY trading time. the resistance hold for the day. so hold the short position as of now and still expecting it hit 1.06095 support level.
GBP/USD: Price did not breakdown the inside bars of previous two days. this inside bar form at down trend and at resistance level, if price breakdown the Mother bar low 1.24773, looking for opportunity to re-sell at that level.
USD/CAD: Price pull back 50% of prior day's high, and now around the 21 EMA support. expect to reach the high before next round pull back.
AUD/USD: Price pull back 50% of prior day's low, and now expecting it going down again to prior low of 0.63856

05/03/2024

EUR/USD: Price surges up after fell down and retest the weekly high again. even though on the daily time frame it was a downtrend, but it seems to be up a little bit before the bears comes up. now what I can do is wait for the pears to come in but nothing else.
GBPS/USD: Price surges up after fell down and retest the weekly high again. even though on the daily time frame it was a downtrend, but it seems to be up a little bit before the bears comes up. now what I can do is wait for the pears to come in but nothing else.
USD/CAD: Price pull back to the week low and it seems to further down today. wait for the bulls to come it today
AUD/USD: Price went up for today. but still in the weekly range. waiting for it down again

05/06/2024

EUR/USD: Price break the resistance level of 1.0744, and now it becomes as a support level. it's expect to close above this level until it's confirm to fall down.
GBP/USD: Price also break the resistance level of 1.25443. and form a large pin bar on Friday. now, expect it was to downtrend from this point. go with the short today.
USD/CAD: Price touched the supporting level of 1.36072 and rebound immediately and form a nice pin bar at this level. it should be a confirm to enter the long position.
AUD/USD: No trade idea for this pair as of now.

05/07/2024

Daily chart outlook
1. EUR/USD: Small inside bar for today. wait to see which way to breakout. currently still on the downtrend
2. GBP/USD: Nice negative pin bar + inside bar, expect price to fall down from this resistance level
3. USD/CAD: Nice upside pin bar + negative downtrend bar, still on the rising trend of today.

Now has to be very patient about the market.

05/08/2024

Daily chart outlook
1. EUR/USD: Inside bar works now for the small bar. now need to wait until it breaks out the mother bar for clear trend direction.
2. GBP/USD: Inside bar already break out the mother bar, now heading to the lower point, expect to hit 1.2290 in this round
3. USD/CAD: Price working for the pin bar at resistance level. now expecting the price to hit 1.37785 for another adjustment.

05/09/2024

Price action trading for today
1. EUR/USD: Price confirmed the breakout of the inside bars. but a little bit weak at this moment. still on the downtrend for the outlook. keep waiting.
2. GBP/USD: Same as EUR/USD
3. AUD/USD: Same as EUR/USD
4. USD/CAD: Price expect to go up, but the bulls get tired at this moment, need to wait another day for the direction.

Nothing can do but let the market works on its own way.
Happy for the day!

05/10/2024

Price action for today: Turning from Bearish to bullish today
1. EUR/USD, price touch 1.07272 and bounce quickly at NY session, and close a giant bullish candle, this is a new supporting level and create a higher low for the pass few weeks. thus the trend turn into bullish at this moment. action for today: Buy when it retrace to 50% of the candle today.
2. GBP/USD, 1.24388 became a new supporting level now, and also create a higher low for the pas few weeks, short term trend has turned to bullish. expect price to go up after the great pin bar. action for today: buy when it retrace to 50% of the candle today.
3. USD/CAD, The pin bar on Tue works, and now create a lower high, now turning into bearish for this pair. thus will sell short from this moment and expect it go down to 1.35111
4. AUD/USD, The price turn into bullish now, and expect it when up above 0.66670

Nice Friday
Be patient about trade. Cheers

05/13/2024

EUR/USD: Still on bullish trend, a little bit retrace for Thursday high. Expect it to further up this week
GBP/USD: Bullish trend this week, be patient and waiting it up
AUD/USD: Weak bullish trend
USD/CAD: Sideway this week.

05/14/2024

EUR/USD: Price keep the bullish trend for yesterday. and still waiting it breakout the resistance of 1.0810
GBP/USD: Price keep the bullish trend for yesterday, and expect it break through the resistance of 1.26289
AUD/USD: Price have been reject by the recent resistance level 0.66432, now generating the strength to break it to next level
USD/CAD: The weekly bars formed an inside bearish bars, with a small nice bearish pin bar of last week. now to trade on this bar will be sell for the week, but with wide range SL.

05/15/2024

EUR/USD still on the bullish trend, the price surge to recent high, and on weekly trend, the price just break out the inside bar pattern. waiting it to go higher 1.08816 before close out.
GBP/USD still on the bullish trend, next resistance level 1.26289 and 1.27043 waiting for the breakout
AUD/USD Price penetrate the recent high 0.66432, expect it to break thru this resistance and turn it into support.
USD/CAD wait for it breaking thru the 1.36072 support level and collapse to a lower support.

Do you have an overall update of your performance so far?

05/16/2024

EUR/USD: The price move out from the weekly inside bar and break the near resistance at 1.08103, 1.08816 in two days, now waiting it surge to next level 1.09276. But my trade has close with some profit at this moment. would like to re-enter before London session's pull back this after noon.
GBP/USD: The price break thru the resistance level of 1.26289, and now testing 1.27043, expect it go to next resistance level at 1.27720 and 1.28780
AUD/USD: The price finally break thru the several week's resistance at 0.66432, and the next resistance value is 0.68647, will re-enter in the pull back
CAD/USD: The support level 1.36072 did not hold and next level is at 1.34680, expect it to fall down in the coming days.

[quote=TranceGhost;14868688]Do you have an overall update of your performance so far? [/quote

Hi Trance

The overall performance not so good compare to forecast. trying to build up the equity this year.

Overall Account Summary:
Deposit to the platform history:
And ending balance as of today:

05/17/2024

EUR/USD, Price consolidate all day on this resistance level 1.08816, expecting it to pull back a little bit before push up again. now stay in a counter trend trade, will close it with small profit before NY session today.
GBP/USD, Also consolidate on level 1.26685, counter trend trade should be close in 2 or 3 days.
AUD/USD, Price retrace at the level of 0.66910, counter trend trade and will close on Monday next week
USD/CAD, Price move up from the support 1.36072, will short sell again when it reach to 1.36882


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