Friday, 16 June 2017

Thor's hammer and Odin's spear

“The opportunity to defeat the enemy will be provided by the enemy himself.” – Sun Tzu

I’ve been trading Forex for the last seven years and I know a thing or two about how the market works. Unlike most professional Forex signals providers, I am an active trader with trading accounts with five Forex brokers. (Please see About This Blog.)

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Added at 13:00 UTC (London, Lisbon, Algiers, Rabat, Lagos), 00:00 (Auckland), 22:00 (Sydney), 21:00 (Tokyo, Seoul), 20:00 (Singapore, Kuala Lumpur, Hong Kong, Beijing, Manila, Perth), 19:00 (Bangkok, Jakarta), 17:30 (New Delhi), 17:00 (Islamabad), 16:00 (Dubai, Moscow), 15:00 (Athens, Bucharest, Helsinki, Tel Aviv, Ankara, Riyadh, Baghdad, Cairo, Kiev, Nairobi, Dar es Salaam), 14:00 (Frankfurt, Paris, Amsterdam, Zurich, Rome, Madrid, Stockholm, Tripoli, Cape Town), 09:00 (Buenos Aires, Rio de Janeiro), 08:00 (New York, Toronto), 07:00 (Dallas, Winnipeg, Mexico City, Lima), 05:00 (San Francisco, Vancouver), and 02:00 (Honolulu).

  • Opening price: Around 1.47700 (or anywhere below the stop loss.)
  • Stop loss (SL): Above 1.48160 (Move it to just below the opening price once there is a sufficient gap.)
  • Safe take profit limit (SPL):  1.47000 (for those who want to play safe.)
  • Medium take profit limit (MPL): 1.46500 (for those who want to take a little more risk)
  • Aggressive take profit limit (APL): 1.46000 (for those who are adventurous)
  • Based on time frame: H1 and H4 EURCAD technical analysis
  • Strategy: H1 and H4 Price action
  • Day’s trend: Downtrend
  • How long until profitA few hours hours to several 4-hour periods.
  • Last update: UNSUCCESSFUL. This one turned out to be a dud. The stop loss was set too low and it was hit. (16 June 2017)
  • Note: Please check this blog every 4 hours for accurate Forex signals and updates. (02:00, 06:00, 10:00, 14:00, 18:00 and 22:00 UTC)

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