Top trades for 2017

Here is our view:

1. Long USDJPY - Global yields will rise and cause further outflows from Japan, higher inflation expectations and Trump will deliver fiscal stimulus


2. Short AUDUSD - AUD will be affected will slowdown in Chinese demand while we are bullish on USD


3. Short EURNOK - NOK will benefit versus Euro due to rising oil prices and local forward interest rate


4. Short EURGBP - Undervalued GBP will recover because we will not see more negative news from UK


5. Short EURUSD - The pair is heading to the parity - USD strength combined with European political uncertainty  

Forex Bank Prediction resources

Whether you are a long term trader or a scalper you will always be curious about and would like to know what are the big players in the Forex market doing. What are their positions? Fortunately, certain websites do provide that kind of information. To be more precise I am talking about the positions that are held by the big banks and big hedge funds. 

The best websites with bank positions, or in my opinion, the most useful ones are:

1. eFXnews - it is a Boston based financial media agency covering global FX markets. It provides the positions held by the biggest players in the market. Highly recommendable one.

2. PLTfx - it is FX trading advisory and Funds Management. Another great resource that provides bank Forex positions. It requires login.

3. Forex Quebec - it is a global Forex trading portal that provides bank positions under its bank forecasts section. It is a good resource though it is not providing the forecasts on a daily basis.

4. Dukascopy TV - a Forex broker that is providing the information in video format on a part-time basis.

5. Forex Street - another global Forex trading portal. It provides many positrons of slightly less relevant players in the market. 

In short, it is always useful to know what are the biggest players in the market predicting before you enter your position. 

Profitable trading using THV strategy

THV is a legendary free manual trading strategy that was developed by Cobraforex. The strategy is originally designed for scalping (trading on smaller time-frames), although some traders successfully use it on larger time-frames. It can be applied to any trading instrument, but since it is a scalping strategy the better results are carried out on currency pairs with smaller spreads.

THV manual and indicators can be downloaded from here. Well, my intention is not to explain to you the strategy, but to point out on few additional things that can improve your trading results. Since it is a scalping strategy, I have applied it to a 5-minute time-frame.

First, I advise you to take only those trades that are in accordance with bigger time-frames. If on 5-minute time-frame buy signal is met then check out if according to THV strategy the pair is in buy zone on 15 minute and 1 on hour time-frame. If it is not, do not enter the trade. Also, if a sell signal is met, check if the pair is in sell zone on 15 minute and 1-hour time-frame.

Second, take a look at Economic calendar. Do not enter the trades half an hour before highly and moderately volatile news release for one of the currencies in the pair.

Finally, check the volume. Do not enter the trade if the volume is low. It should not be the problem if you are trading on a business day during London or New York session.

Hopefully, these remarks will help you to improve your trading results. Good luck!     

Safe Scalping with EURCHF – A trading strategy

In September 2011 when SNB introduced 1.2 floor, the pair EURCHF has been trading in relatively tight range reaching the highest value at 1.264. Since September 2012, I have been using a simple scalping strategy for that pair and it helped me to earn 20% per month on average.

The strategy is based on the assumption that 1.2 floor will remain. Well, in the past year and a half SNB has been very successful in defending that floor and it states that will continue to defend it with utmost determination. It is realistic to believe that in the long term the pair will not only remain above the floor, but also will return to the values that are much higher than the current one, as Europe and USA are slowly coming out of the recession.

The prerequisite for the scalping strategy is that your broker has a small spread on EURCHF pair (not higher than 2.5 pips) and a positive swap on long entry. If your broker does not meet these demands, try the strategy with a different one. If you have a problem with finding such broker I warmly recommend Exness, I have been trading with them for the past six months and I am very satisfied. Another prerequisite is that the price of the pair is lower than 1.24.

The strategy itself is very simple, enter the long trade following the rules for any other scalping strategy. I was very successful using a 5min blue trend rider and THV3. Just in case, when I enter the trade, I always put stop loss at 1.1980 level. Next, wait till exit rule for your scalping strategy is met (by scalping strategy I meant here 5min blue trend rider or THV3), and if your trade is in gain exit the trade. If your trade is not in gain leave it and wait till it will become profitable. Swap is working in your way now! In the meantime, you can enter another trade on a new long entry signal. In a period while I was using the strategy I never had more than four trades opened.

Money management I was using is 0.1 lots for every $400 on my account balance and I am careful that I have enough money for 4 trades. So, if I have $1600 on my account, it will be enough for four 0.1 long trades.