USDSEK

Weekly Forex Outlook: October 21

👋 What’s up crew? We finished another week of trading. As always, I’m curious to know how your week went? I only took a few trades but unfortunately, none of them were listed in the weekly outlook. Many of the setups that looked interesting only developed after a few days or were part of my private watchlist.

 

We’ll have a look at one of the trades I took (a NZDUSD 1H short) in a moment. No trade review for this week since unfortunately, none of the setups of my outlook triggered! A few of them were based on the premise that the euro would go down and that didn’t happen. No trades triggered but also no losses were taken, so no worries!

 

 

 

Tokyo Forex Traders Meetup

 

Just a quick note: I’ve recently started the Tokyo Forex Traders Meetup. As some of you may know, I’ve been living in Tokyo for a while now. While I don’t intend to stop travelling, I like Tokyo so much that I have decided to make Tokyo my “home base”.

 

From that point of view and because I like to connect with traders, I have just started a meetup group for forex traders in Tokyo. The idea is to get together once a month, have a drink (or two) and just talk about trading. Very informal, just some traders connecting with each other and discussing what can otherwise be a pretty lonely profession 

 

We have our first meetup on November 7 (that’s a Tuesday evening) in a central Tokyo location (probably a spacious café or similar). If you’re living in Tokyo and would like to chat with other traders over a drink, have a look at the meetup page. If you know a trader living in Tokyo, don’t hesitate to forward the meetup page to them as well!
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EURCHF

Weekly Forex Outlook: October 16

Hi traders! 👊 Another week, another weekly outlook! How was the past trading week for everyone? This week, my outlook is published a bit later since I had a birthday weekend, which I spent relaxing in an onsen (a Japanese hot spring). But I’m back for the new week, so let’s get started!

 


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XAUUSD

Weekly Forex Outlook: October 8

Aaand we’re back again with the weekly outlook! How’s the trading week been for everyone? This was an interesting week with some good opportunities in the markets. Some pairs showed us really nice moves, while other pairs were mostly in waiting mode (or rather, NFP anticipation mode). Overall, there were some nice trades to be had and I have a feeling that for reversal traders, the past couple of weeks were pretty good!

 

I have a request to my regular readers: aside from the weekly outlooks, what are the things you’d want to know more about? Or in other words, what kind of topics do you want me to write about on this site? I’d love to know the things you are struggling with so if I can help you in any way, let me know!

 

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USDCAD

Weekly Forex Outlook: October 1

Good morning, traders! 👋 It’s the weekend again so after an interesting week, I’m back writing my weekly outlook! How was your trading week? Please let me know in the comments! Again, this was a good week for reversal traders and there were plenty of pips to be made by following my outlook.

 

We got some excellent market moves in the beginning of the week and a bit more mixed action in the second part of the week. As you’ll see, every 4 setups of last week’s outlook materialised in some way and I’d like to go over them right now.

 

Out for a walk in the afternoon, I ❤️ daily life in Tokyo! 🇯🇵 One of the benefits of being a trader is having the freedom to create the life you want. Not being stuck in that 9-5 routine. But the truth is that it takes hard work and yes, you won’t like to do some of that work! Initial motivation only gets you so far, you need grit and persistence to keep going. It will take time but eventually, it’ll pay off. Remember: Most people overestimate what they can do in one year and underestimate what they can do in ten years. ✌️🙏🇯🇵 . . . . . . . . . . #trading #forextrading #forex #forextrader #fxtrading #fxtrader #tradingforex #forexlifestyle #igdaily #lifestyle #currencytrading #forexsignals #smartforex #trader #tradinglife #dailymotivation #money #winning #success #hustle #finance #grind #instadaily #japan #tokyo #wanderlust #travel #globetrotter #stocks #digitalnomad

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AUDUSD forex setup

Weekly Forex Outlook: September 24

Yo, crew! ✌️ How has your trading week been? This week was again pretty good for reversal traders, with many setups going through! A few of the setups of my last week’s outlook did also materialise, so we’ll go over them in a few moments.

 

 

The first one was AUDNZD on the daily charts. I indicated last week that there was a double top, followed by a move down. As expected, the price kept on moving downwards and even though these are not the types of movements we saw two weeks ago, it’s still a very nice development.

 

The price is approaching a smaller intermediate support level, so while I think this setup still has room to move lower, conservative traders might want to take some profits off the table already. I’m still in this trade since, with daily setups, closing trades over the weekend is not that important.

 

AUDNZD review

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AUDNZD

Weekly Forex Outlook: September 16

Well, what a week this was for reversal traders! There were so many nice setups, plenty of sustained moves and much pips to be had in the past week. September is usually characterised by good trading action and this month is no different. We will go over some of the setups from the outlook of last week and see how they did.

 


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EURGBP forex outlook

Weekly Forex Outlook: September 9

Morning traders, how’s the weekend going? Last week, I was on a short break due to travel (back to Japan) but I did follow the market. It was a slightly challenging week for reversal traders so I apparently chose this travel week well! 🙂

 

But now that I’m back in Tokyo, I’m back on the charts and preparing my weekly watch lists in the weekend. We have some interesting potential setups for the upcoming week, keep on reading to know which ones!

 

 

However, you’ll notice that all of the setups for this week are daily setups. While I’m thinking there are some good opportunities in the market for next week, there still is a lot of ranging behaviour in many pairs due to things like the hurricanes and geopolitical uncertainty, which makes for less than optimal lower time frame reversal setups.

 

So instead of forcing setups, we just stay on the daily charts for this week.

 

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NZDUSD forex outlook

Weekly Forex Outlook: August 27

Hi traders! How’s your weekend going so far? Had any interesting trades on last week? I’ll tell you about my trades: there were none! It doesn’t happen a lot but the past week was incredibly boring. In the beginning of the week, nothing happened because all traders seemed to be in Jackson Hole anticipation mode.

 

Additionally, some of the reversal setups that showed promise kept on going in the direction of the trend and in fact, none of the setups worked out! This can absolutely happen but at the same time – because nothing was triggered – I didn’t lose any capital either. Capital preservation should be your number one priority.

 

Regardless, let’s hope that next week brings us more opportunities!
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XAUAUD

Weekly Forex Outlook: August 12

Bonjour, mes amis! 🇫🇷 I’m in Paris, France right now, as I had a spur of the moment idea to spend a week or so in the French capital. Had a good trading week? This was an absolutely epic week for trading, as we finally saw the VIX move back up and many setups worked out very nicely. Let’s go over them right now!

 

On the contrary to what I said last week, gold actually shot up. This is totally due to Trump’s comments about North Korea, which catapults the world’s financial markets into risk-off mode. This means gold and the yen shoot up, which is what happened. Oil, on the other hand, was ranging for the most part of the week but did eventually go down. It is currently retesting the support-turned-resistance zone it broke on Friday and I reckon it’s still an excellent setup to take next week if it goes down again.

 

USDWTI

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