Source: mofutures.blogspot

Below are all items from mofutures.blogspot.

RecapWith such a volatile start of the year across FX space there seem to be new challenges facing traders at least for the short term future. After unprecented volatility seen around CHF, shorter term positions in this currency becom...

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RecapThe 2015 got kick-start last week in FX space when Swiss National Bank (SNB) decided to remove 1.2 cap on EUR/CHF triggering panic CHF buying across the board that resulted +15% gain on average against basket of majors. This fear...

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Recap This likely to be last week this year worth being involved in markets before the holidays period will kick in. Currency board below looks pretty much balanced with NZD still prevailing with bearish sentiment while EUR, CHF and C...

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RecapTweet above said it all about reaction to ECB announcement on Thursday, although QE seem to be inevitable at this point for Eurozone, some steps have to be taken prior to actually starting it. EUR/USD bounced towards 1.245 on tho...

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Recap Going into the week we are likely to see gaps on CHF pairs with Swiss referendum NO vote as a result. Fundamentally this is bullish CHF outcome, however will be watching closer the outcome at the open. This outcome is another na...

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Recap Going into last part of the year, coming week may be not the busiest one in terms of number of risk events on the horizon due to thanksgiving holidays in US. Despite that many pairs are firing signals particularly EUR shorts and...

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Recap Coming week looks much lighter on fundamental horizon, with more data coming in only on Wednesday. Last week JPY weakness carried it's momentum with the significant move on NZD/JPY. As it stands now JPY shorts are very much exte...

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After quite slow start last week volatility certainly picked up after FOMC meeting ending up with more USD strength across. What was more surprising the day after, when BOJ came up with intent to prolong their QE, that sent JPY to new...

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RecapAfter rather muted last week that proved to be very difficult to trade the coming one has much more clarity on the way. CAD and GBP turned the corner and are likely be major part of bullish rotation for the coming week, while EUR...

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RecapStrength of JPY anticipated last week played out nicely in the first part of the week, especially GBP/JPY shorts were hitting far targets on consistent basis. Coming week has lots of contradicting signals across the major currencies...

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Recap The magnitude of the moves last week was relatively muted in relation to previous couple of weeks. Traders backing NZD strength were able to bank some profit last week as well as JPY strength was reasonable play as well. Looking...

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RecapEUR/USD and USD/JPY disappointed last week for the traders who took contrarian side of the trade. It worked much better for EUR/NZD and EUR/GBP longs for the week. Coming week may be somehow muted in comparing to recent increase...

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Recap Last weeks anticipated strength of JPY converted into correctional move only in case of CAD/JPY pair. Whether other currencies will follow remains to be seen. The most likely to follow is AUD/JPY at the moment, while USD/JPY and...

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Recap Bullish pattern on EUR/USD posted last week got completed last week and gave a chance to capture about +80 pips from Maximum Favorable Excursion (MFE) perspective. The pair reversed from about 1.3's level after FED rates announceme...

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Recap Anticipated strength of JPY worked out only in cross with AUD, only due to the fact that AUD was the weakest of all major currencies last week. Crosses like EUR/JPY, CHF/JPY where bearish patterns were posted last week got blown...

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Recap Although EUR/CHF bearish cypher got completed last week @1.2080's this pair proves to be difficult to trade from risk/rewards standpoint. The whole move from C to D contained only about +25 pips of profit, which is far from idea...

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Recap In terms of last weeks setups only one of them on USD/JPY had stalled at 104's anticipated area, we have seen some selling pressure since, however it was not enough to take this pair much lower, as at stands at the moment we are...

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Recap Although long term patterns were not really hitting over the last couple of weeks i was busy day trading on the shorter time frames. Having said that EUR/USD pattern posted in? W32 stub just got completed at the FX open on Frida...

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Recap The relatively slow start to trading after summer holidays came across handy as i had a chance to include some additional filters to trading that hopefully will generate better quality of the signals. With two posted setups in t...

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Recap It has been no surprise based on previous experience that comebacks after the breaks serve very often as hangovers after nigh out. There was no difference this time, as two posted patterns on GBPUSD and AUDUSD were blown without...

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RecapIt has been couple of weeks since the last update on this blog. I was taking my time enjoying? World Cup finals, while markets were relatively flat in a meantime. EUR seem to be the weakest currency across the majors in the FX s...

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Recap AUD/USD setup posted last week got completed last week @0.9386 and stopped me out for about -35 pips net, having said that traders with wider stops may be still in position to take advantage from this setup, as the price action...

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Recap With blips of volatility last week, the markets seem to be more promising for coming weeks in terms of longer term moves. The fundamental decision by ECB to go negative with deposit interest rates is likely to send EUR much lowe...

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Recap After somewhat slow last trading week due to public holidays last Monday etc., this week shapes up to be opposite mainly due to likely binary event for EUR on Thursday. Same day Bank of England will announce their interest rates...

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Recap EUR/USD setup posted last week got completed and is still valid at the moment. Having said that, the traders with shorter stops may have been taken out at this point as selling continued last week before seeing signs of reversal...

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Recap AUD/USD long hit second target last week for about +140 pips on the balance, this trade gave good lesson on patience and discipline as described in previous post . The main headline last week was ECB rates decision and conferen...

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Recap AUD/USD BAT pattern long got filled in the middle of last week pretty much with textbook precision @0.9236's area. There has been many ups and downs since then, we came close to first target, before all the madness started with...

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Recap Last two weeks were clearly disappointing across major FX pairs, with volatility clearly below the average. The only opportunity was playing AUD weakness in relation to majors on a shorter time frames, however to be fair the one...

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Recap Some USD weakness by the end of last last week allowed EUR/USD short posted last week hit target 1 for about +90 pips today after Cypher pattern completion. Whether this move will be sustained remains to be seen, however the und...

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RecapHaving fair number of risk events last week there has been some volatility across the board last week, without good sense of direction though. I had my fill on CAC40 short posted last week @4420's level that proved to be good ent...

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Macro view With trading being relatively slow on advanced patterns side coming week seem to be shaping up with more action on-board. RBA interest rates announcement on Monday will likely to move AUD related pairs in FX space. Being lo...

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Recap The only anticipated setup from last week got busted out for -41 pips net on GBP/USD. As it very often happens later on, market went the "right" direction at least for some time hitting 0.382 fib retracement, that would likely t...

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Despite many events on the fundamental and especially geopolitical side there is not much to look at in terms of potential setups in my book. Looking at the week ahead FOMC meeting on Wednesday is very likely to create volatility acro...

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Recap EUR/USD long Cypher pattern posted last week did not come into play as the pair plummeted north much earlier than anticipated currently at 1.38 levels. The setup that came into play is bearish BAT pattern on Gold (XAUUSD) that w...

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Recap It has been mixed week trading on a swing side. Got caught out on bearish EURUSD BAT pattern for -45 pips. As far as other positions AUDUSD short is still in play seeing this market printing lower highs on 4 hour chart. One patt...

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Recap One of the signals posted last week got completed, namely bearish EUR/USD BAT pattern @1.3708 area. Despite all the fundamentals are being against short EUR positions at the moment this was pretty much textbook pattern completio...

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Recap The only signal posted last week on GOLD (XAU/USD) got filled with back and forth price action around interest rate announcements. It was a winner for the traders who took advantage, as the price hit at least 0.382 fib retraceme...

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Recap With many setups from the last week pretty rolling for the coming week, this will be rather short stub in terms of trading opportunities. Having all setups still valid one bullish pattern actually got completed just couple of ho...

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Recap It was rather flat last week in my trading portfolio in terms of trading as none of the setups posted last week came into play. There is lots of back and forth price action across major markets at the moment, that is likely to p...

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Recap Out of 5 setups posted last week 3 got invalidated. The only completion was short on GOLD(XAUUSD) from 1252 level. As the week progressed the market went the "right" direction initially, however never hit 1220's level where the...

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Going Forward Looking at the new years agenda for this blog, will be as usual adding more useful features and tools that could improve trading for the readers. First thing new posts will be released initially on Mondays rather than du...

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Enjoy the break traders, will get back next year will even more setups and trading features. Stay tuned!

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Recap 2 out of 3 setups from the last week got completed, both in FX space. BAT pattern on EUR/USD pair is currently slightly in the money with anticipation of more downside to come for this pair. As anticipated earlier it was not cle...

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Recap None of the setups posted last week did get completed, however both setups on China A50 index and GOLD (XAUUSD) are still valid. The markets came closer to completion of earlier mentioned setups last week and there is a good cha...

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Massive move up on GBP/USD pair got Shark pattern completed in the midweek. Despite initial move south prevailing strength of GBP across the board allowed to exit this position in an early manner cutting about 50% of originally anticipat...

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With only couple of weeks remaining of the current year it makes some sense to start planning wrapping up trading activities for this year and start preparing for the upcoming one. Out of the setups from the last week there was only o...

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After couple weeks of relatively vague trading setups it seems like we may be heading into something more significant next week. Both setups from last week on CAC40 and GBP/USD did not came into play, the last one becoming invalid whe...

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It has been clearly week dominated by fundamentals last week, especially ECB decision to cut rates that took many traders by surprise and NFP numbers. At the times like these there is no way to ignore fundamentals that are clearly dri...

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Last week proved to be full of events when volatility increased across major instruments in FX space. That was mainly to do with fundamental events coming from US, but perhaps technical traders were not really concerned with it, as pr...

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Recent fundamental events spiced up markets across the board, providing very good potential setups for the upcoming time before the end of the year. Briefly looking at the last week, EUR/USD setup did not came into play as it seemed t...

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Following last weeks fundamentals, majority of equity indices continued move to the upside from the current levels. That came in handy to the position currently held on CAC40, which as earlier anticipated broke recent resistance level...

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Relating to famous book by Mike Bellafiore last week proved to be good example on how much of a difference one good trade can make. It was first swing trade taken in the month of October and so far it netted about +118 pips of profit...

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Last week brought some positive numbers to the general performance of the recent weeks, namely CAC40 long trade paid off very well, hitting two targets with about +85 pips of profit. Other two setups on EURUSD and GBPUSD completed and...

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As it very often occurs coming back to trading after holidays is normally followed by the time of adjustment and resharpening. It is not different this time, since holidays comeback i had 4 losers in a row that kept me busy managing l...

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What signifies any break in trading based on experience so far is that very often it takes some time to regain sharpness while identifying the best setups. As of last week a had two losers at the end of the week with CAC40 setup netti...

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It is great to be back after the summer break in this blog-space with some new ideas that could lead on to make this blog more useful for readers. There will be gradual upgrades to this blog week over week as we move along, so please...

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The move that happened last week can potentially define traders year, not as much in monetary capital as in mental one. Particularly the move on EUR/USD, smart traders that had stops deep below 1.28 level, seen huge returns after what...

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At the times when there is chance not to be involved in the trade execution, more focus can be dedicated to analysis and improvement of current trading filters and system overall. In general this is cyclical process that separates goo...

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Lat week proved to be a bit of the cool down for the run of winners i had recently, got involved only in 1 trade out of 3 setups that i had prepared for that week. So far long from 1.3012 on EUR/USD? did not prove to be "right" or "w...

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Having a run of profitable trades may serve not in the best traders interest, as with every profitable trade usually traders confidence grows sky high, and it takes no time to fall into trap of complacency. The most appealing symptom...

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I had very good run on EUR/USD so far, the long breakout setup from 1.2960's is big time in the money, before the weekend close the total net balance of this move was about +430 pips. Without going much into details on pyramiding tech...

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As earlier anticipated we saw last week some profit taking going on on equities side as well as increased volatility. Whether it will lead to permanent shift to the downside or will become good buying opportunity yet remains to be see...

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At this time of the year it is difficult to ignore fundamental news that are affecting major markets with high liquidity. Much more transactions will likely to happen changing virtual hands over coming period. Well done to traders who...

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Having a surplus or break even on the balance despite having a loser trade is one the major abilities that successful trader must have in the long run. Surely there is huge difference between chasing the trade after the loser and plan...

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This stub will focus mostly on one market that is currently under the focus of many traders, namely EUR/USD pair that is presenting many setups as of the recent. Just to quickly recap last week thuogh short entry on CAC40 Shark got st...

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There is no week like the other, when looking at the price action behavior. Mine had two major setups completing at anticipated areas. Despite being "right" on overall direction of price movement, i got stopped out on both of them. Th...

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Out of many setups posted last week, 2 came into their completion. Well to be exact i got only one fill in my portfolio on CAC40 French index. Short entry was stopped out, before market plummeted north triggering hedge trade. Another...

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It is amazing how fast things are changing on the markets, even comparing to the last week when there were no real opportunities looking ahead, both early setups posted became invalid almost immediately. This weeks stub present opportuni...

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Given the current market conditions that can described as early formations to the setups that may unfold later on. I was not involved in any setups last week except long awaited formation on GOLD (XAUUSD), when the lows of last 2 year...

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Week 15 market preview

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Week 15 market preview

Market volatility is something that scares most of buy and hold type of traders/investors, however is very welcomed by short to midterm type of traders. Normally it is triggered by some sort combination of news events. Particularly la...

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Due to the recent sideways action across many markets lots of traders prefer to stay away till the dominant prevailing direction will kick-in. However for pattern traders this is ideal situation to take advantage of the setups that be...

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Now and again some weeks are bringing sense of lethargy, the last one was like it in my portfolio watchlist. Despite some good moves that happened on some markets the setups were not in my trading plan, therefore i had to watch those...

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I came across trading analogy to crossing pedestrian zebra? some time ago and last week had a chance to connect the dots and draw the relationships having the raw live trading situation. I believe i had two calls last week that i got...

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Well done to traders who took advantage of Cypher pattern posted last week for CAC40 index. As anticipated 3620's area served as pivot support and market shoot up north hitting at least 3 targets netting about +100 pips of net profit...

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Being predominantly pattern trader current market conditions are keeping me busy in multiple markets from watch list. To recap the last week setups i had immediate loser on ALSI40 trend continuation setup as well as two fills on advanced...

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Last week had a sense of cold shower after a great run on EUR/USD the market took a breath stopping me out on my long for about +300 pips of net profit. Also took a loser on another long setup where CAC40 index completed Cypher patter...

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Having multiple winners in a row may be something as overwhelming as having losing streak. The aspect of taking profits far too early is one of the main struggles for less experienced traders as missing out on the big chunk of the mov...

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One of the faulty perceptions about the brokers within the traders discussion groups online is that they are after the traders with stop hunting practices etc. The fact that some of them do some activities that are not so transparent...

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What proves to be very important at the stage while market is consolidating is to have sound positions that reflect the view on the market. Regardless whether the outcome is "right" or "wrong" in terms of the trade, more important is...

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