12/21/2014 Weekly Outlook

For those of you that didn't already see my newest video on YouTube, you can check it out here --- this video is an overview of my early week orders and a little insight into this week's market.

I expect to see make some money in the EUR this week, especially in my EUR/GBP and EUR/USD this week. The EUR/USD has remained relatively flat the past 3 weeks serious downward pressure due to the European debt crisis. BUT what will become of the USD in 2015? With the Fed telling us that interest rates are going to go up next year, the USD can only expect to slow down and will begin to reverse direction on most major currencies once that rate does climb (most likely around the middle of the year).

So for the week of 12/21/2014, what orders did I place? I will talk about my trades in terms of which one is next to be executed. The AUD/USD is actually being traded this week. After staying out of the AUD last week due to my S1 and S2 being above my below Bollinger Band, I placed a limi buy order at .8106 (28 pips away). My S1 is finally within the bands and my S2 is aligned perfectly with the lower band. A 5,000 unit order moving merely 5 pips will give me a very decent ROI.

Next, the EUR/GBP, like I said, I am expecting some big stuff from the EUR this week. With a 3,000 unit order placed long on this pair at .77981 (29.9 pips away) a 5.8 pip bounce will leave me with a nearly 2.6% portfolio gain.

Below are the rest of my early week orders in order of closest to farthest away from being executed:

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I am going to be making my next video on Tuesday afternoon. Be sure to keep a look out. I will go over my intraweek orders. Also, I will be posting on the blog tomorrow about some micro-trading.

Happy trading. #YoungBuffett out.

Secondary Micro Strategy

Hello fellow traders. I created a new 7 minute video on a new micro strategy I am using. It is a secondary strategy that is in no way shape or form taking the place of my main, very successful, semi-automated strategy. Check out the video on YouTube. Or just watch it below.

Happy trading.

#YoungBuffett Out.

Micro/Side Strategy

So, while my main strategy is my money maker and is mostly automated... I just need to do a 15 minute analysis twice a week and place some 2 day orders... I have been working on a micro/side strategy. I think I worked out all of the kinks in a demo account and going to see how it does with micro lots (50-150 units at a time). I did it tonight with 11 trades... all of them were correct. Took me 1 hour. I was using such small units that my total profit was about 50 cents lol... but if I were to use larger trades like 1,000 or 5,000 units then we all know that good ole' Uncle Murphy would have come to visit haha.

Anywho, this little strategy is simple. I will be doing a 15 minute demo of it tomorrow on my Youtube channel. So be sure to check that out. I will post the video here tomorrow too.

For those who missed my quick forex overview today, check out the video on YouTube... or watch it below:

Happy trading. #YoungBuffett out.

Tuesday Review

So I am going to start reviewing the market again today and setting up some orders for potential trades. I am going to start with the AUD pairs: AUD/CAD, AUD/CAD, and AUD/USD. If you remember, on Sunday, I didn't place orders for any of these pairs because the technical indicators were just not lining up properly. For Tuesday, I set up a buy order for the AUD/USD at .81394, this is a split different between S2 and my lower Bollinger Band (see my post from Sunday about split differences). I also set up dream orders for the AUD/CAD and AUD/CAD. Dream orders are orders that would take a miracle to actual hit. I set a limit sell on the upper Bollinger Bands for these two and have a T/P of 3 pips. These are super small movements, but with a large unit order, it would be like gaining 15 pips on a regular trade. However, these orders will almost never go through, that would be a 431 and 700 pip movement respectively in order for those orders to translate to a trade.

CAD/CHF... I am staying out of this one. It is currently outside of it's Bollinger Bands, which is a signal to STAY AWAY.

The EUR/GBP has some strong technical indicator overlay. I set up a limit buy and sell order for this pair. My buy is at .78085 (142 pips away) and my sell is at .79899 (53 pips away). Both of these orders are placed because the S2 and R2 line up perfectly with he lower and upper Bollinger Bands respectively.

EUR/USD is one of the most popular pairs in the world. It has been pretty volatile as of late, but I am placing a limit buy order at 1/21983 (307 pips away), which is a split difference order between my lower Bollinger Band and S2.

EUR/CAD I will be staying away from. It is outside of it's Bollinger Bands at the moment, which again, is a STAY AWAY sign... RED FLAG!

GBP/AUD is at the top of it's upper Bollinger Band, but the pivot points are way outside of the bands, so I am staying out.

GBP/CHF is looking good. I set up a limit buy order with a split different of S2 and lower band at 1.49977 (129 pips away) and a limit sell at the split different of R2 and upper band at 1.54928 (392 pips), which is a slight dream order. However, the reason I am comfortable with this limit sell is because R2 is still within the Bollinger Bands and S2 is the slightest hair below the lower band. I think this pair could give me a nice profit if it picks up. Especially with the news out of England today.

So... GBP/USD... WOW! It seems to have finally stabilized after 3 weeks now of staying steady after a 6 month decline. My lower Bollinger Band lines up PERFECTLY with S2, so I set a limit buy at 1.54563 (270 pips away).

NZD/CAD and USD/CAD are out of their Bollinger Bands, so I am staying out.

NZD/USD is a weird one the past few weeks. The bands are finally narrowing out, but the pivot points are still so far apart due to extreme volatility. I am going to set a limit sell only where my R2 and upper band line up. The S2 mark is too far below the lower band... actually S1 lines up perfectly, but I trade the level 2 markers. Limit sell at .80135.

USD/CHF... I traded this earlier in the week and made a nice profit and it only took 2 hours for me to make that profit. The R2 is a decent amount above the upper band. R1 is closer to it (despite being below it) than R2 is, so I am going to stay out of the pair. Maybe next week.

Lastly, the USD/JPY, what a ride this pair has been. I used to love this pair for being relatively stable. But, ever since late July/early August, this pair has been on a wild run. The last two weeks it has been come down though. If I would have held a trade from 3 weeks ago instead of selling for my loss, I would had been profitable again... but hey, hindsight is 20/20. I am placing a limit sell at 121.840. This would mean the pair would have to go back to it's 2014 high for this to pick up... 477 pip movement... needless to say, that won't be happening... but maybe haha.

Don't forget to get your Young Buffett gear.

#YoungBuffett Out.

Join The Movement. Adopt The Mindset.

#YoungBuffett is simply a mindset of winning. I believe that I can achieve the greatness that I envision for myself. I posted a video from Rocky last week, but I will reiterate it...

"The world ain't all sunshine and rainbows. It's a very mean and nasty place and i don't care how tough you are, it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is going to hit as hard as life, but it ain't about how hard you can hit, it's about how hard you can get hit and keep moving forward... that's how winning is done. Now if you know what your worth, go out and get what you're worth, but you got to be willing to take the hits and not pointing fingers saying you're not where you want to be because of him or her. Cowards do that, and that ain't you."

Adopt the mindset and buy a t-shirt, sweatshirt, or long-sleeved shirt today. http://teespring.com/YoungBuffetWinning

New System In Full Swing

My new system is in full swing. Since my post the other day about how my new system is going to utilize large but more concise trades, I have made 6.05% on two trades. On Sunday, December 14, 2014, I traded the EUR/CAD (short) and made 10.8 pips triggering my T/P.  Then on Monday, December 15, 2014, I traded the USD/CAD (short) and made 8.7 pips, which triggered my 8.6 pips T/P.

So far my new system is working. I am placing larger unit orders, taking a smaller pip profit, and trading only when my indicators ALL line up, or at least are very close to lining up (see my last post).  I had no orders triggered today, and it doesn't look like any will trigger between now and the expiration of my orders tomorrow at 4:45PM PST. Tomorrow night I will review the market again and place my two day orders again that will expire on Thursday evening. I don't like to hold trades through the weekend, which is why my trades are expiring on Thursday night. If I do have an order triggered on Thursday and it holds through the weekend... so be it, but I am trying to minimize the risk of that.

On a closing note, please like my Facebook page and follow me on twitter! The links are to the right. Or can you just click here:

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Remember: Make money, don't lose money. Only trade with what you can afford to lose. Don't be greedy.

#YoungBuffett Out.

Week of December 14, 2014

It is 4:00 and I am sitting down to analyze the charts for the week. This week I will tell you which orders I placing and I may even place an image or two :) I will also tell you which pairs I am not going to place orders in. I analyze charts twice a week... Sunday and Wednesday. I set up my orders to expire after two days. 

This post may be more technical than my normal posts, but will also give you a little inside into how my mind works... so enjoy, this may be the only time I give you a snippet into my forex strategy. To start with, I trade using the 1 week charts, having my Bollinger Bands, SMA, EMA, and WMA on the chart and then I draw my pivot points over the weekly chart too. 

So let's start with the AUD/CAD, AUD/CHF, AUD/USD, GBP/AUD, and USD/CHF. I am not placing any orders in any of them today. The pivot points are way below the Bollinger Bands, which means that the technical indicators are not lining up. To explain what I mean, see the image below, which is a chart of the AUD/CAD and the same thing is happening with all of these pairs. 

Next is the CAD/CHF. I will be placing a limit sell order for this pair, but no limit buy. The reason is because my R2 and my upper Bollinger Band line up almost perfectly. This means to me that if the pair manages to jump that high, it will hit that ceiling and have to drop back down... at least a few pips, which is all I need in order to make a profit. For the USD/JPY, I placed a very similar order. However, R2 was slightly above my upper Bollinger Band, so I split the difference (see my last chart for what I mean on splitting the difference.) Here is the CAD/CHF chart:

Next we come to the EUR/GBP. This is one of the most stable pairs that I trade. Typically they are pretty similar in movement because their economies are so closely related and intertwined. This pair stays within their Bollinger Bands almost always and typically adhere to their pivot points. So I have placed  limit buy AND a limit sell with this pair. I also placed limit buy and limit sell orders for the NZD/USD due to the exact same technical indications. Here is the EUR/GBP chart:

The EUR/USD, EUR/CAD, GBP/CHF, GBP/USD, and NZD/CAD are all very similar in my CAD/CHF except I am placing a limit buy only, my S2 is a tad below the lower Bollinger Band, so I split the different and placed a limit buy order. The only difference is the GBP/USD (the lower band and the S2 are perfectly lined up.) Here is the EUR/USD chart:

So, that is my outlook for the week, or at least the first couple of days. If you are wondering about the USD/CAD, I am actually short in the pair currently and up a few pips, waiting for it to hit a 12 pip profit then my T/P will be engaged. I have also been asked about my use of the MACD... well I don't use it too often. Honestly, I use the MACD when I am already in a trade and my T/P or Stop Loss has not been engaged for a couple of days, so I look at the daily MACD to see if I should just get out or hold on.

Happy trading this week. 

#Young Buffett out.