Somnath Das
Independent Analyst
Urgent Pair:
EUR/USD (Euro/Dollar) – "Euro"
Hourly Chart:
Ultra Specific Ceteris paribus strategy:
By Keeping in mind the target trade frequently 3- 4 times intraday with a free margin level approx 2900%. With this trader, investors can hold open positions up to 600 pips approx in case of opposite scenario happens. It is applied in a 1:500 leverage setting (Adjustable Dynamic Leverage). Sometimes keeping the positions overnight will give good profit if it’s in trend. Maintain a portfolio of 3 out of 4 pairs and distribute total trading volume amongst them.
Unique Trading Process:
Trading process is based on ZIGZAG Analysis and combining with ADX and Elliot wave oscillator. First, predicting buy/sell any type (limit/stop) intraday. Second, identifying any type of hourly candlestick pattern formation, it is suggested to enter 1st position (buy/sell) at any level between the average of daily entry and sl/tp price. Third, try to book initial quick profit to verify predictions validity. This process can be repeated twice or thrice in sidewise market. Also distribution of positions by averaging method will be helpful. This way we can maximize intraday profit, provided that the daily market direction is verified and holds true.
Fourth, on the fundamental side we will check the price action more during the news in economic calendar on CPI (Consumer Price Index) data of EUROPE, UK, USA, JAPAN, CANADA, SWEDEN, and SWITZERLAND.
On January 15, 2019, the United Kingdom Parliament is scheduled to vote on the Brexit agreement.
Useful Market Direction | Daily Trading Levels:
1. BUY EUR/USD
Weekly Trend- Up
Price- Entry- 1.1521, Take Profit- 1.1582, Stop loss- 1.1435
2. BUY GBP/USD
Weekly Trend- Up
Price- Entry- 1.2745, Take Profit- 1.2882, Stop loss- 1.2670
3. BUY GOLD/XAU/USD
Weekly Trend- Up
Price- Entry- 1291, Take Profit- 1305, Stop loss- 1258
4. SELL USD/JPY
Weekly Trend- Down
Price- Entry- 108.26, Take Profit- 107.15, Stop loss- 109.28
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