Singapore Wyckoff & Volume Spread Analysis

Update: Tped Usdcad with 100 pips.. Scalped nzdusd befofe fomc..about 40pips from one of my average downs..still have a short put on that positions at strike 0.70. Back to the drawing board....

Very Quiet week as market awaits a slew of Central Banks meetings, BOJ/BOE/FOMC/G20 and not forgetting the Dutch election risk today. I am currently looking at just 2 charts which I thought they are at interesting levels. NZDUSD : No 3 red weekly closes since 2015 June. As seen on chart below, since June 15, each 2 consecutive of weekly losses in NZDUSD was met with a positive close on the following week. History to repeat? Risk : More hawkish FOMC meeting/dot-plot could see NZDUSD back below 0.69 and test its Dec low in 2015. Disappointment in NZD GDP q/q on Thursday will be key as well. USDCAD/Oil : WTI pieced through the important 200 days moving average after the break of a rising wedge. While the oil selling momentum is strong to the downside, USDCAD is currently close to the key psychological level of 1.35 with a possible triple top formation. Gut feel is that we will trade above 1.35 this week and could find a better short level then. From the option marke

Been a good month so far! Back from trading FX and net about 200 pips in first week through 2x Euraud long,Eurusd long. Currenrly holding onto a sell put Nzdusd @ 0.700 strike and a Kiwi long @ 0.690. Expect it to move towards 0.7050, at least... Eur strength was expected..stop calling the parity trade...your hurts at 1.05 while tryinf to play the break down is going to gurt you so bad! It is a long and long throughout. Good Eur Ez econ and good price action...Easy trade back towards 1.075...the very least. My psychology of trading has certainly improve. Unconscious competence! Just doing what you are good at with consistency and goos risk management! Trading is not as tough as it seems as 5 yeara ago... Shall update more when I manage to retrieve my gmail pw... hw