I noticed that a few currency pairs look poised to form a bargain day for a trade the following evening. I’m concentrating on “end of day swing trading” on the FOREX market where the end of day is around 9:00 PM PST. If this deems successful, I will try and implement this system across the markets.
Potential bargain day pairs:
USDCAD
GBPUSD
USDJPY
Let’s keep an eye on these pairs to see what happens in the next few days
Hello again,
So I’ve been looking into the FOREX market and found that it is a bit different. Its traded 24 hours a day and it is strange to see price action when its usually end of day for equity markets. Due to a day job, I need to do end of day analysis and its strange to see ACTIVE price action happening when I look at the market. There are some things that got simple too. Instead of tons of stocks to evaluate, I look at 6 major currency pairs. Of course I focused on ETFs and index futures in the past (still do a lot of times), but I would also trade options on stocks which caused me to do longer fundamental analysis on companies that might be of interest to me.
I’m beginning to understand and learn the different currency pair characteristics and I believe that learning will always progress. I’m excited to see where this journey leads and I will try to chronicle it as much as I can. I’ve been trying to finalize things and will start posting more on my trades.