SUNDAY 2019/07/70

TRADING IDEA: EURCAD MAJOR SWING TRADE OPPORTUNITY?

Trading idea: EURCAD has fullfilled a major decline recently but is about to retest an important ascending trendline. As you can see in the chart picture above the price is about to retest the major ascending trendline around the 1.4700 level. Yet, there's no valid confirmation for a long position as price just broke all local lows - a very bearish sign. For me the long idea is valid if a sustainable bullish reversal pattern has formed. If not, I'll neglect this trading idea.

 

EURCAD, timeframe W1.


SATURDAY 2019/07/06

QFX FOREX VIDEO COURSE: WHAT AWAITS ME?

The video above shows you the broad outlines of our forex video course which is based on an external e-learning platform (www.quality-fx-academy.com). Click on play and find out if it fits your expectations. If so, get your personal login & password today - the sign-up just takes a few minutes and is completely free of cost if you use our limited free membership offer. More info here: www.quality-fx.com/services/free-membership

 

In case of questions feel free to ask via Telegram or E-Mail.


THURSDAY 2019/06/20

TRADING IDEA: USDCAD FINALLY MOVING AS EXPECTED AFTER SNEAKY STOP HUNT

USDCAD price is finally moving into direction after a massive stop hunt. The price stitched above the 1.3400 level and even closed above it - indicating a false breakout - but after interest rate decision and recent tanker attacks / US drone shot the price continued it's way to the downside. Also recent crude oil inventories (-3.106M) are supporting the sell-off of USD against the Canadian Dollar.

USDCAD, timeframe D1.


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TUESDAY 2019/06/11

TRADING IDEA: EURCHF MAKING ITS WAY TO THE TOP

UPDATE: EURCHF long position has been opened last week as the price reversed on the hourly timeframe and got us a good entry price at 1.1170. Take profit 1 has already been hit successfully with a risk-reward-ratio of 1:1 and further profits are locked with stop loss at break even. The clear bullish pin bar on weekly timeframe makes me very optimistic about further bullish continuation this week.

An entry based on the bullish weekly pin bar is still possible for everyone who's thinking about going long but risk-reward-ratio is worse then. If you want to make sure to get my entry prices become a member of the private Telegram channel. It's completely free of cost (more info).

EURCHF, timeframe W1.


TUESDAY 2019/06/04

TRADING IDEA: USDCAD: H&S REVERSAL SPOTTED 

Trading idea: Potential H&S reversal has been spotted on USDCAD. On daily and/or weekly timeframe the price was not able to stay above the 1.3500 important S/R level and has broken it significantly now. On daily timeframe a deep red marubozu candle is visible. Personally, I expect a short retracement back into the region between 1.3500 and 1.3470 - in other words a retest of the potential neckline / flat resistance level.

 

USDCAD, timeframe D1 + H1.

 


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SUNDAY 2019/06/02

TRADING IDEA: EURCHF, BREAK OR BOUNCE?

Trading idea: EURCHF price is about to retest the important support level/area which I mentioned in previous posts. I'm monitoring the lower timeframes for potential reversal patterns. I'd like to see the price spiking into the demand area and forming a quick consolidation box whose breakout to the top can be traded.

 

UPDATE: EURCHF price is testing the 1.1180 weekly support area now but has not shown any signs of a reversal yet. The difficult market climate causes a strong demand in the swiss franc - in other words - causing the EURCHF price to fall. Currently, I will not take any actions until there's a clear rejection / or clear break of that level visible. A strong reversal or breakout candle will make the decision about further actions.

 

EURCHF, timeframe W1


TUESDAY 2019/05/28

TRADING IDEA: WHERE'S EURCAD HEADING NEXT?

Trading idea: A short update about the EURCAD trading idea and an addition to the major weekly chart. On daily timeframe the price is compressed between a slightly ascending and descending trendline. I hope to see a break of this consolidation pattern very soon. A break to the bottom opens more space for the bears - target is 1.4700. If the price breaks the consolidation to the top the long-term target is 1.5600 but I prefer the short scenario.


EURCAD, timeframe W1 + D1.

 


SUNDAY 2019/05/26

QFX FOREX VIDEO COURSE: WHAT AWAITS ME?

The video above shows you the broad outlines of our forex video course which is based on an external e-learning platform (www.quality-fx-academy.com). Click on play and find out if it fits your expectations. If so, get your personal login & password today - the sign-up just takes a few minutes and is completely free of cost if you use our limited free membership offer. More info here: www.quality-fx.com/services/free-membership

 

In case of questions feel free to ask via Telegram or E-Mail.


WEDNESDAY 2019/05/15

TRADING IDEA: CADJPY COMING CLOSER TO A STRONG SUPPORT LEVEL

Trading idea: Looking for a swing buy opportunity for CADJPY. Price is slowly coming closer to the important support level 80.70 which has played an important role as support in the past. The huge spike to the bottom at the beginning of this year shows many bulls have entered the market - vice versa many bears have been caught on the wrong foot possibly... That why I assume much demand can be expected when price is testing the support area again. As usual I'll wait for a reversal or consolidation pattern at the support level to avoid buying the still existing downtrend.


CADJPY, timeframe W1.

 


THURSDAY 2019/01/10

TRADING IDEA: WONDERFUL H&S REVERSAL PATTERN SPOTTED AT EURNZD

Trading idea: A wonderful minor H&S pattern has formed within the daily timeframe on EURNZD. The major movement is the retest of the 1.7120 important low but on the hourly timeframe an accurate H&S reversal pattern formed. Look for a breakout of the minor H&S reversal pattern on four-hourly timeframe and sell accordingly. Potential target is the weekly support level at 1.6575 / 1.6600.

EURNZD, timeframe D1.

 


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WEDNESDAY 2019/01/02

TRADING IDEA: WHAT'S NEXT FOR USDJPY (WEEKLY PERSPECTIVE)

Trading idea: New setup on our watchlist is this USDJPY weekly long setup. The price just retested a weekly descending trendline which already has 8 points of contact - in other words it has significant importance. The daily candle is about to close as a bullish hammer / dragonfly doji which is underlining the thesis of a reversing market. We'll keep the 108.25 in mind as a potential daily support level the price could retest before turning to the upside finally. As usual, we'll monitor the minor timeframes for potential reversal patterns and act accordingly.

 

USDJPY, timeframe W1.

 

SUNDAY 2018/12/09


TRADING IDEA: DARK CLOUD COVER INDICATING BEAR TREND ON AUDCHF?

Trading idea: The recent weekly close on AUDCHF shows an impressive dark cloud cover. The Dark Cloud Cover is a bearish reversal candlestick pattern where a bearish candlestick opens above the previous bullish candlestick's close and closes below its midpoint. In addition the dark cloud cover in this case could also be described as a bearish engulfing because it engulfes the four previous weekly candles after retesting the point of intersection of the major ascending and minor descending trendline. This indicates much bearish pressure and a further decline should be expected. Look for bearish continuation patterns on lower timeframes, e.g. bearish flag, and trade accordingly.

 

AUDCHF, timeframe W1.

 


SUNDAY 2018/12/02

TRADING IDEA: ANOTHER SHORT OPPORTUNITY FOR EURCAD?

Trading idea: After our previous EURCAD short trade two weeks ago we'll try to get into a short position again. The price retested the local resistance level 1.5130 again and has been rejected significantly. Monitor the lower timeframes (hourly - daily) for potential reversal patterns and sell their breakout accordingly.

 

EURCAD, timeframe W1.

 


SUNDAY 2018/11/25

TRADING IDEA: WELL-PROMISING LONG SETUP AUDNZD WEEKLY TIMEFRAME?

Trading idea: As we've mentioned it a few days ago this AUDNZD weekly long setup will be on our closer watchlist for the upcoming week. The price tested the 1.0600 local key level accurately and formed a kind of long-legged doji candle which indicates indecision: The local downtrend probably stopped. We are still flat but will consider a long position once a suitable bullish reversal pattern etc. has shown up and we can trade the breakout accordingly. Alternatively it's possible to wait for a clear bearish breakout of the weekly ascending trendline / 1.0600 local key support level and sell accordingly. 

AUDNZD, timeframe W1

 


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THURSDAY 2018/11/22

TRADING IDEA: LOCAL SHORT (H&S FORMATION) INSIDE A MAJOR DESCENDING WEDGE?

Trading idea: A quick reminder of this EURCAD weekly chart. We've posted it a few weeks ago telling you that we plan to go long around the weekly support 1.4500. Well, the price has not tested this level yet. On daily timeframe (not this chart) we can see the price is respecting a local triangle/wedge formation. We will try to anticipate in a bearish movement from 1.5130 - key level - to 1.4500. We'll monitor the lower timeframes for entry opportunities around 1.5130 daily resistance level.

 

Additional post regarding our EURCAD short idea: Above you can see the hourly timeframe. Already, the price has made a decent drop from the resistance zone around the 1.5130 level. We are speculating for a classic H&S reversal pattern and will sell once the potential neckline and the local key level 1.5050 is broken.

 

EURCAD, timeframe W1 & H1

 


SUNDAY 2018/11/18

TRADING IDEA: FINALLY GOING LONG ON CHFJPY?

Trading idea: The daily CHFJPY long setup we tried to take advantage of once became very interesting again recently. A bullish dragonfly doji on daily timeframe could mark the beginning of a new major uptrend. On H4 timeframe the price is still respecting a minor descending structure but we are speculating for a breakout of this structure very soon. If so, we'll but the retest and go long around the 113.00 level.

 

CHFJPY, timeframe D1 & H4

 


WEDNESDAY 2018/11/14

TRADING IDEA: FUTURE PLANS FOR AUDNZD

 

Trading idea: Price is about to reach a significant ascending trendline which already has five accurate points of contact. The local key level is 1.0600 which should be examined carefully. Entry criteria: Wait for a suitable reversal pattern on lower timeframes and trade its bullish breakout accordingly - longterm target is the weekly resistance 1.1300 (minor targets 1.0700/ 1.0850 / 1.1150). In case the price breaks the ascending trendline / 1.0600 level significantly a short should be considered.

 

AUDNZD, timeframe W1

 


THURSDAY 2018/10/04

TRADING IDEA: POTENTIAL SHORT FOR USDJPY, D1?

Trading idea: USDJPY price has reached an important weekly resistance area around the 114.50 level. Look for potential reversal structures / patterns / break of the local ascending trend on hourly timeframe to get into a short position. Potential technical targets 38.2 - 61.8% fibonacci retracement level.

 

USDJPY, timeframe D2

 


THURSDAY 2018/09/13

TRADING IDEA: GBPJPY LOCALLY BEARISH VERY SOON?

Trading idea: A new setup on our watchlist is this potential GBPJPY short setup. Price is about to retest a key area of multiple overlapping resistances. Our attention is focused on the daily resistance area 147.50 which already played an important role as support or resistance in the past. Also, the key area is characterized by the point of intersection of the above mentioned key level and an important descending trendchannel the price is moving within for weeks/months. We'll be monitoring the local key area for potential reversal patterns and aim to trade breakouts to the bottom of those reversal patterns.

 

GBPJPY, timeframe D1

 


SUNDAY 2018/08,/19

TRADING IDEA: FURTHER BEARISH CONTINUATION FOR NZDUSD EXPECTED

Trading idea: Price broke out of an important descending trendchannel on weekly timeframe and is about to retest the local breakout area. Look for shorts around the 0.6700.

 

NZDUSD, timeframe W1

 


WEDNESDAY 2018/05/02

WHY PORTFOLIO DIVERSIFICATION IS A MUST 

As we’ve already mentioned in one of our previous blog posts, this blog will not only cover the topic forex but also the topic classic investing. For us classic investing equals buying and holding stocks to make profits from long-term growth or dividend incomes.

 

In this short blogpost we want to underline the importance of diversification and make clear – once and for all - that investing in not that risky as most people think – especially when you start at a young age. Well, an example should be topic of discussion. Imagine the following scenario. You are 25 years old and you are investing 25,000 € in ten different stocks and keep holding them for 25 years. 


SCENARIO: Let’s say 4 out of 10 stocks turn out to be disaster, you nearly lose your whole investment. One stock does not gain a single percentage – in other words it is break even and the remaining stocks make some small or moderate gains of 1-5%. The last stock makes an annual return of 10% (quite realistic, e.g. Alphabet stock makes 33% p.a.).

So good so far – by reading this you might have thought “I don’t think I can make a significant profit if one half of my investments fail.” You’d be wrong – and here is why. Below you can see an Excel calculation which shows your profits and losses and the total returns.

 

 

IMAGE:  QUALITY FX

It’s true – by loosing one half of your investments and some small gains from the other half you would have gained more than 100% in 25 years. Thanks to the compound interest. To be honest this scenario is very conservative – which means the annual returns are quite pessimistic – so you can expect even more profits in the long-term. And this is the reason why you should start to invest, definitely – but don’t forget to diversify your stock portfolio.

Fun fact: If you compare the portfolio investment to a deposit account (actual interest rate in Germany), you would have gained about 1% in 25 years and the inflation is not even adjusted here. If you purchase a new car, it’s even worse and is nearly the same as burning money in the fireside (sarcasm alert)

 


SUNDAY 2018/04/22

RISK AND REWARD - TWO INDESPENSABLE COMPANIONS

In this short blogpost we want to underline the interdependency of RISK and REWARD. The most people - especially the ones who are new to the financial/business/trading/investment sector - keep searching for a system which provides maximum reward and minimum risk.

 

Unfortunately, a system like this does not exist. Risk and reward are closely linked and this interdependency can not be bypassed.

 

Imagine you...

... own a start-up which is creating all-new future-technologies,

... are a forex-trader trading with high lots

... you buy greek government bonds or

... you are an investor investing in penny stocks,

...your reward can be huge but also the risk is. Reward or interest is a financial offset for your investments whose amount depends on the risks you take.

 

EXCURSUS: Imagine you come across a forex trader which promises you 50% weekly return of your investment of $100. Let's make a short calculation to question this system:

 

In the first week you would have turned $100 into $150. After 10 weeks you got $5,766 and after 1 year and 16 weeks you would have turned your intial investment of $100 into $94,233,563,770,233. Sounds cool, doesn't it? Well, actually this is more money than actually exists on earth and this example clearly shows how unrealistic and absurd this system is.

 

So, what is the lesson we've learned today? Risk and reward are closely interlinked and there is no way around it. If you invest/speculate in an asset/stock/currency rate/business/etc. you should always be aware of the risk. It can be positive or negative as the animation below shows.

IMAGE:  QUALITY FX


FRIDAY 2018/04/13

THE RIGHT TIME TO START INVESTING?!

Hi dear blog-readers! As we've mentioned in our previous post this blog will not only contain info about trading forex but also about other topic regarding the overall-topic financial independence/freedom.

 

This article is about classic long-term investing and should answer the question "When is the right time to start investing?".

 

We came across multiple people who asked us this question. They are worried about an overpriced market and political tension and so on ... The only thing they can say with certainty is "I will do that later when the right time has come!" - a classic sign for procrastination.

 

Well, we (and other authors) can say only one thing with certainty and this is "The time which is just right will never come!".

 

Oh, well then? Back to topic, when is the right time to start investing? The answer is simple: The right time to invest is NOW! Yes, you've read it correctly!

 

It does NOT matter if you start investing in an overpriced or oversold market, a boom or crash - for a simple reason: You don't know if an overpriced market continues or stops to rise - or if a crash/boom is over or continues for the next 5 years. Someone once said: Afterwards one is always wiser.

 

So, what you should do is the following. As soon as you've asked yourself the question when is the right time to invest - it IS the right time! Just should start just now! The earlier the better, for example in your early 20s. But what you should not do is investing all your hard earned money at once. Start investing a small amount of money every week/month/quarter or year and keep doing this for the next decades. To good to be true? Here a short example:

 

EXAMPLE: Imagine you've got a regular job (average monthly salary USA is $4,800) and you start investing with only $150 every month. You carry on investing $150 every month for next 25 years. Let's say your annual return is 9% (by the way the minimum average return Dow Jones over the last 35 years is 9%). Can you imagine your account balance after 25 years? It is $159,894.00 - deposits of $45,000 and a net gain of $114,894.00.

 

Yup, that's it and can be achieved with a small deposit of only $150 monthly. And that's why you should start investing NOW...

IMAGE: comdirect.de | edited by QUALITY FX


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THURSDAY 2018/04/12

THE QUALITY FX BLOG IS HERE!

Hello dear reader, follower and/or member - and with this welcome to the QUALITY FX BLOG!

 

After a long time of consideration we decided to create blog like this because many of you asked for it.

 

 

In our first post - this post - we want to give you a short foreword, which contents you can expect to be published here. Against your expectations we don't want to focus on trading - especially trading forex - only. Quite the contrary: Focus will be placed on topics belonging to the keywords financial freedom/independence, e.g. you'll find topics like this:

  • The forex market/market info/forex trading/setups/analysis
  • Insights into our courses/free videos/scripts of our courses
  • Tips & tricks about trading/ investing/ life & motivation
  • The stock market/long-term buy and hold investing
  • Our stock-portofolio/interesting stocks/investing
  • Consumer behaviour/good & bad habits
  • Working life/career tips/behaviour tips
  • Recommendations of literature, etc.

...and much more. It's important to say we want to create...

 

SERIOUS ADDED VALUE

 

...which can only be achieved with your help. So, if you have and good ideas, suggestions for improvement or own good content worth to share - simply message us via Mail, Telegram, WhatsApp or Instagram

 

The first blog posts are already on their way! Stay tuned and thanks for reading!