One Good Trade At a Time

Here is my weekly forecast update on $gbpusd. First chart was my view at the beginning of the week and second chart how it looks right now.

The analysis where posted on my twitter feed as well: https://twitter.com/Daytrader213

I was expecting more range at the beginning but finally we broke above last week high and sooner or later will retest the big psychological number 1.3000.

First chart forecast from beginning of the week:



And here is how it looks now:

This is the update for the AUDUSD weekly forecast. Again I've posted this chart on by thread as well as on my twitter feed here: https://twitter.com/Daytrader213

I had given here two possible scenarios because I saw the danger of breaking below the big psychological number 0.7500 which it did. Also the upside was capped at 0.7587 my resistance level as it can be seen from my charts.

First chart my forecast at the beginning of the week:


And this is how it's looking now:


Regards,
1GoodTrade

This is my update for the $USDCAD weekly forecast chart. Posted this forecast on my thread as well as on my twitter feed here: https://twitter.com/Daytrader213

I was expecting more range on Lonnie but nevertheless I was bullish because of this chart, please have a look at it first before to see my actual forecast. Basically, I was looking at the GBPUSD fractal map that is gauging the USDCAD price action. Here is the chart I talk about: https://twitter.com/Daytrader213/sta...32400500322304

This is the initial USDCAD forecast for this week:


And this is how it went:


Regards,
1GoodTrade

I got stopped out at BE for my second half on $eurjpy

was still a good ride
+100pips.

Regards,
1GoodTrade

Hi,

During this NY session I'm going to focus on trading just $oil and $spx. If I see some trading opportunities I'll try to tweet them in advance. Follow me here oin my twitter feed: https://twitter.com/Daytrader213

Regards,
1GoodTrade

Wish everyone a great weekend.

Regards,
1GoodTrade

This is what I believe is the next good trade on the line.

I'm watching Oil price action and I've observed that current sell-off is quite similar with the last sell-off started from February high. Oil is following the same sell pattern but I see two possible scenarios with it:
-either new low before the bounce
- or the last week low should hold



Regards,
1GoodTrade
---------------------
Follow me on twitter: https://twitter.com/Daytrader213

As expected Oil made a new low and from here we should expect a strong rally. However we need to stay above yesterday low and more important above March low for this pattern to be valid.


Regards,
1GoodTrade
---------------------
Follow me on twitter: https://twitter.com/Daytrader213

Here are some of the forecast for the week ahead, probably it will take some time to materialize:






Regards,
1GoodTrade
---------------------
Follow me on twitter: https://twitter.com/Daytrader213

Hi,

Not much time left on my hands to update this thread but here is a little update:

I've resuscitated an old Oanda account and injected some funds. This is June for me so far:

I'm up 26.06%.




Please don't make the mistake to compare my retail ROI with the hedge fund single digit yearly ROI.


Regards,
1GoodTrade
---------------------
Follow me on twitter: https://twitter.com/Daytrader213