Forex Trading Result Until 18 December 2015: All last three signal was successful

In my last post, i mentioned 3 pairs to trade.
1. USDCAD
2. AUDUSD, and
3. USDCHF

All the signal was good, for now they give me a pips. Especially for USDCAD, this pairs will sky rockets. Here is my trading result until 18 December 2015

the last three row was the result. the first two row was the result from the previous signal.

For detail my signal, you can check link below
1. buy USDCAD
2. sell AUDUSD
3. buy USDCHF

Forex Signal Desember 2015: BUY USDCHF

First thing i want to show you that, last week USDCHF downward move was stoped at the support level (how to draw price level). Let's see USDCHF weekly movement:

Last week was a red candle, you can see it clearly at the picture above. This candle was close very very closed to the support level. I marked the support level with white doted line.

This week, USDCHF retest the support level (see the green candle right to the last week candle). It try to break the support, failed, then bounce.


Why you should trade this currency:

1. it's a good location to trade

The price is bounce exactly at the support level.
The upside movement is supported by the 20 Moving Average (moving average as price level)
So, the USDCHF upside movement supported by to kind of support level, horizontol support and MA support.

2. it was an upside movement

the price is above the 200 Moving Average
the moving average was in a right order, 20 MA, 50 MA, and 200 MA

Remember, MARS Trader only use price level and moving average to trade (don't forget to used weekly chart)

Enjoy your trade

Forex Signal Desember 2015: AUDUSD sell

One signal this week that the currency pair AUD USD
For four weeks earlier, AUDUSD moved up to the resistance level around 0.7334

How to read the chart
1. the chart presented the weekly chart
2. the red line is 200 moving average
3. the blue line is 50 moving average
4. the yellow line is the 20 moving average

Last week, AUDUSD fail to break the resistance, the market drag it lower and perform a very nice candle stick pattern. I don't know what is name. It's a 2 candle pattern, i called it reverse twin (inside the red circle).

MARS trader, focus on where the signal is. MARS trader execute a trade only if the signal was on the right place. The signal must appeared around the price level. It can be break out or pull back trading.

Let's go back to our pair, AUDUSD. If you see again the weekly chart above, the reverse twin pattern is a pullback around the resistance level. Because the signal was appeared  on a good location (pull back from the resistance), the sell signal is good.

In the opening market next Monday, MARS trader will open short position on AUDUSD. Because this is a tight trading, be sure to place your target wisely.

enjoy your trade.

Forex to watch: USDCAD ready to take of ?

For now i hold three pairs, USDCAD, USDJPY, and GBPUSD

Yesterday USDCAD move (as i expected) upward. Break the resistance, for now (when i write this) i got 360 pips.

Will this upward movement continue?
let's find the answer?

First we must look into USDCAD price movement. I give you weekly and and price movement
1. Weekly chart

The price is above 200 moving average. The moving average order is right. So, based on my MARS method, i conclude that USDCAD still in up trend.

Last Monday, USDCAD break the resistance (yellow dotted line), fundamentalist said it because a good report for US unemployment and bad report for CAD unemployment. For me, price is everything. Remember, my MARS method only use moving average and price level.

2. Daily chart

i show you daily chart just to give you another perspective of USDCAD price movement. The Monday candle is the largest candle for the last 20 days. Someone or something push it higher!

Conclusion:
So what to do?
if we talking about daily chart, daily signal, daily trading, the signal was there, open your platform and open long position.
But, because i use weekly chart in my MARS method (and if you use the same time frame), we have to wait till the week end to see if the break was true or fake.

MARS trader wait until next Friday or next Monday to trade or not.
i will wait to re entry, for second position.

Enjoy your trade!