Melo's journal

It was a tough decision. I hasited first, but I decided to open my own journal on this forum. I will attach 1 or 2 trading account.

The small live account will be only for fundamental trade while the larger demo account will be for practice purpose.

On the small live account, I will try to do as much as I can by trading News like NFP and GDP figure release.

Everyone is welcome to post in this thread as long you are not insulting anyone. You Can speak in English or in French.


Wish me good luck

good luck and I am subscribed in

Thank you mate

let me know when u plan to trade high impact news

I was inactive for the past few day because I was trying to figure out the price action. I lost around 150 pips on the EurUsd recently. I thought that the Spanish bailout would be enough but I was wrong. For now, I have 2 long position on the EURUSD.

we are going to have a lot of interesting trade after the Greek election. If every thing goes right, I will buy some crude oil. If the crude oil price goes up, the value of the canadian Dollar will also go up, so I will go short on USDCAD until it reaches 0.98. I will stay long on the EURUSD until 1.282. After that point, I will watch the market reaction to see if we can go further up. Dont forget that Italy might have economic turmoil.

If the Greece election go wrong, I will simply short EURUSD for a short period of time only.

Anyway, I was quite inactive for the past days. Ive been waiting for these election for a WHILE. Now its time for action.

Good luck everyone and I hope we all make profits

there was no point to keep position on week end, but any ways good luck.

I knew that 80% of the greek wanted to stay in the EUroZone, Thats why I went long. Now that Tsipras wouldnt win so I went long.

Now, we have to wait for the coalition then Im good for my oil position

oil chart

USDCAD. My target for USDCAD would be 0.98, but Im going to wait a little bit for it

Still no confirmation of a coalition being made in Greece. before we see more up, we will need that coalition. If we break fib 50 after this, We should have a bullish candle in the monthly chart for Jun and July

This morning, I closed both of my long on Eur/Usd, but Im looking forward to reopen another small long. I bought the Low on USD/JPY, Im still looking forward for some action from BoJ.

My position on oil are going down, but If Greece succeed by creating a coalition, we are going to see some up on crude. I will also have to wait before openning a position on USD/CAD


Good luck everyone and I hope you make green pips

hold on oil hold on

It seems like no one is truly bullish about EURO. If at the end of this week we dont see more upside, i wont long the euro anymore. Still 1.2750 is still a resistance level we need to break if we are going to see more upside for the EURO for the coming weeks

My position on euro may be loosers, but still Im winning big time on the USD/JPY

what a week we had . Now I understand more how Markel release good news. She start by saying the opposite of what she mean, then she wait till 5 am to announce the good news

Euro is good for a long ride up.... if the Italian and Spanish bond react well. My oil position are now doing fine. The Canadian dollar has strengthening and is likely to stay strong if the oil keeps on moving upward.

Seeing that we had difficulties to move downward on gold, I bought it at around 1550. I lost on the first position I opened, but later on, I opened another position, which was the low of the week.

For now, i will close my gold position and leave my oil long open. This week will be important cause at the end of the week, we will have the NFP. I will leave my position on EURUSD open and I might also open another long on it. I will wait a little bit before i open a short on USDCAD

Good trading week everyone and have good profits

Euro, Fib 32 was a support for EurUsd, but for how long

We bounce off fibonacci 61 last week on USDJPY. This pair always help me to recover from my losses on the EURUSD. People dont want to see the Yen to weak. If it happen, we all know that the BoJ will intervene.

The red line on the chart is the point where I would long the USDJPY cause it will be in a danger zone ( a zone where the Yen will be too strong for the BoJ to accept the price and thus will be forced to intervene). the Blue line is the point where I would also long. If we reach this point, it simply mean that fib 61 was the Low and that we are likely to pursue our way upward.

Off course, these two position would be longterm trade position and would need a stop loss of 200 pip or more. I still have time to judge the how I will trade the Yen, but If I have to trade the Yen, Im likely to follow this plan

Too bad i didnt trade that call