Forex Trading

[marcus300]

And here we go. After the close weakness poored in. I'm getting close to closing half the trade but I'll watch closely for the next 3 hours

[marcus300]

50 pips. Took profit even through i do think there's more to come because some offers not been triggered but could get taken off.

I'm happy and 50 is a nice profit

Out

[marcus300]

And there it is - price came down to the heavy offers to fill them and now we are in the cluster of heavy offers what are fighting the big option. It was a huge move but I did have confidence if no news would of knocked my trade out. I came out to early -looking back I should of put a trailing stop on it but the profit was to much to not take and I was happy no matter where the price when. Remembers the layer of offers were around the 30 level all the way down to the round number.
We could see a drive through if the bids are strong enough and that would trigger the stops which is another new trade to take.





upload images free

[marcus300]

Just speaking to a pro trader friend of mine and looking at the charts and news flows, I am looking for USD/JPY weakness over the next 2 days. Not taken a trade yet but I could do in the near future just watching and waiting for certain things to happen but I am looking for a move down

[marcus300]

Does anybody read these posts?
anybody trades?
anybody interested?
anyone watches the financial markets?
anyone trades commodities?
Am I wasting my time posting?
I see a lot of readers but no one posts, why?

[almostgone]

hack attack on South Korean cryptocurrency sent sent bitcoin in a downward spiral.
Coin traders either see this as an advantage to buy more or a trigger to sell more.

That's still making some waves. Blows my mind how easily people are able to hijack virtual currency. Seems to have little to no effect on precious metals, which is foreign to me.

[almostgone]

Does anybody read these posts?
anybody trades?
anybody interested?
anyone watches the financial markets?
anyone trades commodities?
Am I wasting my time posting?
I see a lot of readers but no one posts, why?

I read but have been swamped. Have enjoyed starting to get familiar with the trading of foreign currency.

[marcus300]

That's still making some waves. Blows my mind how easily people are able to hijack virtual currency. Seems to have little to no effect on precious metals, which is foreign to me.

Its making waves all over the world mate and there's more to come but virtual currencies aren't my thing.

I read but have been swamped. Have enjoyed starting to get familiar with the trading of foreign currency.

I have to change the way I trade over the last year or so because of my work schedule, its hard because I like to be hands on infront of my screen but with work and other stuff going on I do find it hard to trade intra day

[marcus300]

I mentioned yesterday before I took my trade that I was told that there are some heavy offers being placed and they are mounting within a 30 pip range down to the round number, obviously some of these are protection of the big option whats rolling off today but they are also orders which look to be heavy, so I knew price drive close to these that's why I took the trade. I close out at 50 pip profit but ive posted a chart to show you the two lines where the offers will be - chart is down to a 15min chart so you can see closer what happens, with every heavy decent offer there is a reaction in price, you can make a trade plan out of these if you like but as you can see the first hit of the offers at 30 level were big enough to have a decent reaction, this was also helped by some news but its very interesting to see this because now those offers at the 30 level have gone, ive not been told of any new ones being places so this opens it up to the next layer of offers all the way down to the round number. News again can make this go out of the window and if we can get a rush at the offers we could see some decent stops hit which will have a huge impact on the price but only for a short period of time yet again another chance of a trade. Many ways to trade this...

[marcus300]

Here is my trading station, I do have a laptop which sit at the end to make another screen but in this picture I didn't have it set up

[marcus300]

can you see why there were offers being place yesterday and this morning in that 30 pip range ??? boooom

[marcus300]

FED raised rates by 0.25% and signals 2 more in 2018

[marcus300]

ECB up next is it the end of QE and we see the start of tapering today

[marcus300]

What a move forced by news.

[marcus300]

E/U & G/U are coming into my oversold territory
love these moves because its driving past all support, PA and patterns lol lol but it will bounce

[marcus300]

Been busy with FX but today looks like some of my levels are coming into line with my trading style. I need more weakness because long term I see strength erupting from some of my currencies but without doubt a lot of roller coasting inbetween time.

Ive been monitoring my screens for hours, waiting for new flow and also my friend to ring me to see if anything major is in the pip line today.

Have fun if anyone is trading

[marcus300]

Going to be doing some live trading on here very soon, not sure if anyone is interested but try it for a few weeks see if it creates any interest

[marcus300]

EUR/USD for June 21

1.1525 EUR 1.2bn1.1600 1.0bn1.1625 1.9bn

USD/JPY for June 21

110.75 USD 1.0bn

[marcus300]

Today

EUR/USD

1.1585 EUR511m

USD/JPY

109.50 USD 354mln110.50 480m110.80 605m111.00 491m

GBP/USD

1.3240 GBP340m

[marcus300]

There's some big moves today like I mentioned may come last week, well its arriving now and certain levels are showing up on two majors. We do have a lot of uncertainty in the markets due the UK and Brexit and also some inflation remarks from one of the CB's on the euro but this in my eyes is temporary.

I'm very close now just waiting for my friend to text me back or send me an email on some certain things but some big levels coming into play to give liquidity to the big players to make longer term moves. Big money to be made here very soon

[marcus300]

wanted you to see the daily chart today on the euro usd - can you see the long standing support and see how its coming into the over sold territory - nice chart especially on the daily time frame


windows print screen

the below chart is yet again the daily chart showing the gbp usd, can you see again testing support on the longer time frame and also pushing past for a stop run.



These charts are very interesting to the chartist and also the longer term trader coming into these levels, with the fundamentals pushing the price we could see further downside but also a slight bounce.

[marcus300]

Ahhh perfect option run this wk. Heavy decent options coupled with weaknesses equals more probability and worth heavy trades

[Mr.BB]

Getting ready to short the oil train!

[marcus300]

Getting ready to short the oil train!

Sounds like a plan

[Mr.BB]

Sounds like a plan

Waiting for the crude report this afternoon, it will probably still go higher till the report release time.

I might open a small short at that time, or before if see any movements, but it may very well still go above $73-74 till friday so be careful. Oil is a beast completely dominated by hedge funds.

[marcus300]

Waiting for the crude report this afternoon, it will probably still go higher till the report release time.

I might open a small short at that time, or before if see any movements, but it may very well still go above $73-74 till friday so be careful. Oil is a beast completely dominated by hedge funds.

I don't trade it often but will see if i can get any info from the city

[Mr.BB]

I don't trade it often but will see if i can get any info from the city

Look at gasoline vs crude graph

[Mr.BB]

First order triggered at $72.50

Have more small orders lined up.

[Mr.BB]

https://twitter.com/realDonaldTrump/...23608040513537

Appreciated Mr. President!

[Mr.BB]

Still here, with all my short oil positions in green now.

But still far from take profit objective ... oh well, I have time.

[Mr.BB]

All positions reached profit taking objective

[marcus300]

Options today for the New York cut
EUR/USD
•1.1750 EUR 743m

USD/JPY
•111.10 USD amount 440m


Options for Tuesday
EUR/USD
•1.7bn EUR amount
•1.1700 1.1bn

[marcus300]

Closed some long term short positions on a couple of currencies. Excellent return and feel it was the right time to sell them.

[MuscleScience]

I can barely understand all this. I’ve got so much to learn as it seems. I’ve been doing some paper trading to get my feet wet, but it’s going to take awhile to be proficient...lol

[marcus300]

I can barely understand all this. I’ve got so much to learn as it seems. I’ve been doing some paper trading to get my feet wet, but it’s going to take awhile to be proficient...lol

This is forex market so its a different market than what you will be looking at. I much prefer this FX but it is extremely volatile which can result in two scenario's but link this to a good solid risk management plan and understand why price moves then you will be in a good position. I try and only take higher probability trades which is seeing through the noise of the market and trying to follow the professional money, imho you have a higher success rate.

If there is anything you want me to explain regarding what I've written just ask MS. You got the right idea slowly slowly wins the game and educating yourself just don't fall for the education profiteers

[Bio-Active]

I can barely understand all this. I’ve got so much to learn as it seems. I’ve been doing some paper trading to get my feet wet, but it’s going to take awhile to be proficient...lol

I’m just jumping in as well. Lol I figure out altcoins and the. Something else pops up

[MuscleScience]

This is forex market so its a different market than what you will be looking at. I much prefer this FX but it is extremely volatile which can result in two scenario's but link this to a good solid risk management plan and understand why price moves then you will be in a good position. I try and only take higher probability trades which is seeing through the noise of the market and trying to follow the professional money, imho you have a higher success rate.

If there is anything you want me to explain regarding what I've written just ask MS. You got the right idea slowly slowly wins the game and educating yourself just don't fall for the education profiteers

ThAnks Marcus,

I went through the original post with a fine tooth comb and looked up all the terms you threw out there. I’ve got a paper trade account I’m playing with this morning to see how it all goes into live action. I love the idea that the money market is open all day. Makes it easy for me to do something when I can’t sleep at night...lol

[marcus300]

ThAnks Marcus,

I went through the original post with a fine tooth comb and looked up all the terms you threw out there. I’ve got a paper trade account I’m playing with this morning to see how it all goes into live action. I love the idea that the money market is open all day. Makes it easy for me to do something when I can’t sleep at night...lol

It's the biggest traded market with 5 trillion traded daily but like i say this creates volatility. I've stayed up all night trading the Asian desks when i have time

[SocioMachiavelli]

Really interested in this but

its like a foreign language to me and I have no fkin clue where to start. However I would like to say thanks for taking the time to share Marcus.

[marcus300]

Really interested in this but

its like a foreign language to me and I have no fkin clue where to start. However I would like to say thanks for taking the time to share Marcus.

I started posting some of my trades and why i took them in hopes it helps other traders. Keep reading them they will become more clear