One Good Trade At a Time

Hi FF members,

I'm not sure if this is the appropriate section of the forum to post this, but I just want to create a thread where I can be able to post and discuss some of my trading ideas.

As the name of the thread suggest my trading philosophy is "One Good Trade at a time" followed by another one good trade.

I'll try to be active as much as possible so you're free to share your trade ideas as well.

You can see some of my work on my twitter feed as well, here: https://twitter.com/Daytrader213

Regards,
1GoodTrade

Here are some of my calls from last week. I usually only make forecasts for the week ahead on this 3 particular currency pairs: Cable, Aussie and last but not least Lonnie, but I cover all the other major currency pairs as well.

The first chart was my view on GBP/USD at the beginning of last week and the second one is showing how it unfolded and how it looked at the end of the week:


The first chart was my view on AUD/USD at the beginning of last week and the second one is showing how it unfolded and how it looked at the end of the week:


The first chart was my view on USD/CAD at the beginning of last week and the second one is showing how it unfolded and how it looked at the end of the week:


All my analysis where posted in advance on my twitter feed: https://twitter.com/Daytrader213

Regards,
1GoodTrade

This was my forecast on EUR/USD made on Friday before the French election: https://twitter.com/Daytrader213/sta...58212987596802

I was anticipating the EUR/USD rally based on the Gold fractal map and it proved me to be right again:

The first chart was my view on EUR/USD at the end of last week and the second chart is showing how it unfolded and how it looked on Monday:


Regards,
1GoodTrade

Hi,

These are my forecast for the week ahead. I've made them over the weekend and posted them on my twitter feed before the FX market to open on Sunday: https://twitter.com/Daytrader213

First chart is gbpusd, where I see further range developing but with the possibility of getting closer to the big figure 1.3000


Second chart is aussie, which as long as it stay above big psychological number 0.7500 should continue up, but a break and a close below it will open up the door for a retest of 0.7400 and even 0.7300.


Third chart is usdcad, which already deviated from my forecast making a new intraday high but it should get back in range before the upside to resume.

Well done m8! Very good calls. If you believe in top-down technical analysis and want to share your analysis ahead of each week you may also share it on my thread, weekly technical outlook.

Trade safe and prosper.

KP

Thanks for sharing i'll keep an eye on it!

It's good to see traders focusing on long TFs as well

Regards,
1GoodTrade

USDCAD next level of interest is 1.3665 the 61.8 Fib extension.

My above forecast on USDCAD was made based on the gbpusd fractal map but it seems usdcad is going ahead of it. I was expecting more consolidation before the final blow out.

Posted this map, last week on my twitter feed: https://twitter.com/Daytrader213/sta...32400500322304


Short-term looking for lonnie to get back in the range. This is how it looks now:

I'm updating my gold forecast from the end of March, posted on my twitter account here: https://twitter.com/Daytrader213/sta...39247145730048

This is the chart from last month:



the commercials have been selling this rally over the last weeks but there is still no major extreme in their positioning. I guess we'll get a lot of range activity over the next couple of months. This is how gold looks like right now:

I just want to share my view on SPX from beginning of the month. I was expecting 2307 to be the bottom and reverse from there but we only got as low as 2325. Posted this analysis on my twitter feed here: https://twitter.com/Daytrader213/sta...95904705769472




My short-term, forecast has changed and now it seems we're doing a flat EW pattern. We can clearly count an impulsive wave from the lows which is a sequence incompleted. We need leg 4 and 5 before the cycle from the low to be completed and before the next cycle to start. We can still see 2307 after this cycle is completed but need more data to figure out the next path.
So, this is my current short-term view:

I had a quick workout. The app stopped at 4.69 km but I've been running 6 km which is a track that I run on a weekly basis.

My mantra and philosophy in live is: "Mens sana in corpore sano"



regards,
1GoodTrade

Please allow me to share with everyone what I believe to be the best Fx trade opportunity right now. I've posted this view, few moments ago on my twitter feed here: https://twitter.com/Daytrader213/sta...07868579340289

As long as EUR/JPY stays below 121.96 the view remains intact. Let's wait and see how it will go from here on


Regards,
1GoodTrade

Tonight, during the Asia session hopefully we can see some volatility in the JPY crosses.

But the BOJ conference is only half an hour before the London open so will most likely I'll try to trade it in the morning and possibly add more to my current positions.

Regards,
1GoodTrade

Boom, there you have it GBPUSD as predicted.

I've warned in the beginning of the week that gbpusd is prone to do more range. Posted my initial forecast here: https://twitter.com/Daytrader213/sta...76269762990080



Here is how it looks now. It made a new intraday high as per my forecast:

Here is another one. My initial AUD/USD weekly forecast for the week ahead was posted here: https://twitter.com/Daytrader213/sta...76836879036418



We gapped higher and tested 0.7587 resistance level as pointed in my initial forecast but we couldn't break above it and sellers where too strong. The reason why I had two scenarios was because I saw the danger of breaking below the big psychological number 0.7500 which is did. Here is how AUD/USD looks as of now:



Regards,
1GoodTrade

If you really want to make some money, forget about FX trading. This can easily turn into a vvery profitable business for some. Just invest into 3 tickets/month of flying with United Airlines and BOOOM $30k income/month )))

"United will now offer up to $10k for passengers who give up seat on overbooked flight"
http://www.cnbc.com/2017/04/27/unite...ed-flight.html

ECB in less than 2 minutes on the wires. Expecting a whipsaw at best for the euro crosses. let's see

BOOOM $EURJPY

Anyone else took this trade?

Thank you Mario

Here is how I traded EUR/JPY short trade, a call that I've made yesterday.

First short EUR/JPY was taken yesterday and while it went in my favor almost +70 pips I ended up closing that trade at BE because I've decided to move my SL from yesterday high to BE point due to concerns over ECB monetary policy decisions. As soon as I got stopped out I've decided to re-enter again because my price reading skills confirmed me that this rally can be faded so I've re-entered another short.

Right now I've already moved my SL at BE and I'm also +70 pips in profit bt looking to take profit somewhere around 120.50.


regards,
1GoodTrade

EURJPY should retest the big psychological number 120.00 before to make another high

I took some profits of around +100 pips on EURJPY shorts

This is my initial forecast:


And this is how it's looking now. I'm mot expecting the gap to be filled anytime soon, we'll need more time for that to happen