My trading journey with FXOpen

[radex78]

A gap-up occurred in silver; I opened a long position here, assuming that the strengthening JPY continues to weaken the USD, thereby driving up the prices of other commodities.

 

[radex78]

USD/JPY is trading around the 157.378 level. The JPY has strengthened due to intervention by Japan. I am now taking a long position, anticipating a rebound following the sharp decline.

 

[radex78]

Today, I am looking at the AUD/USD currency pair; the pair showed a bullish tendency yesterday, so I am attempting a buy position on the FXOpen platform while setting a stop-loss.

 

[SeoExpert]

So, how's it going? Are you making any profit?

 

[radex78]

So, how's it going? Are you making any profit?

Thanks for your interest. Thankfully, I’ve managed to survive in the unpredictable world of forex trading. It comes down to strategy, patience, not chasing quick riches, and taking low risks. How about you?

 

[radex78]

Today, the market awaits the release of US NFP data, jobless claims, and average hourly earnings. I am currently placing a buy limit order on USD/JPY, assuming the JPY will weaken again following the intervention.

 

[radex78]

Last week's NFP data came in weaker, dampening expectations for a hawkish Fed policy. Today, I’ve placed a buy limit order on silver, anticipating a pullback.

 

[radex78]

The JPY remains vulnerable to depreciation amidst high oil prices. Barring further intervention, the EUR/JPY pair is expected to maintain a bullish sentiment.

 

[radex78]

Turning to USD/CHF today, the pair shows a bullish technical bias. I have placed a buy limit order near the nearest support zone, along with a stop-loss. The order will be cancelled if the price fails to drop today.

 

[radex78]

Silver pulled back yesterday after previously rising to the 66,550 range. Volatility is expected to remain high with a bullish bias; I am placing a pending order near the nearest low with a reasonable stop loss.