MegaTrade101 Journal: A Summary of 2016 Closing & Opening Market Insight for 2017

Review How Megatrade101 Managed to Out-Maneuver the Markets by Anticipating Both Sides of the Trade

Journal Logged Jan 02, 2017 A three (3) Part Series
What INVESTORS Think and How TRADERS Analyzes & Reacts that counts most.

Introduction

This journal today candidly and spontaneously written while still fresh in the mind can draw a lot of narrative string of market trades as we try to collectively correlate the turn of events with the market's price behavior as part and partial of our year end tradition of summarizing the most important highlight for the year.

We always remind ourselves that "Timing" a settlement or liquidation of a trade position, has the same equal importance of "Timing" any trade entry in the market. Developing the skill of "market timing" takes some serious due diligence and experience in trading the forex market.

It has indeed been a stellar year in trading the financial markets in 2016. A lot has transpired and a whole lot of reminiscing through our previous journals of trade was made not only to refresh and refine successful trades made from the past years but also be able to come up with similar and better trading solutions for this years market conditions. It had been tremendously exciting, a few nimble uncertain price behavior coming from a lot of fundamentally motivated market reports and data starting from the central banks monetary policies to withstanding the political market pressures of Scotland's interest of breaking away from the UK aside from the surprising turn of events in the UK Brexit up to the post US election last November 2016.

Not necessarily in chronological order, the highlights that we deemed necessary to logged into this journal are the most important components, factors, price levels and again turn of events that kept us on our toes monitoring the markets with due diligence while reacting to market conditions with caution. Market conditions this year alone have been more fundamentally motivated from various reports and 'Price Action' analysis have been much more than accommodating for our trade applications with limited support from other technical tools, but still helped shape our trades from
less volatile situations.

Part 1 - USD AS THE MAIN DRIVING FORCE

The USD - DXY has always been our lead indicator in everything correlated with the financial markets making a 14 year record high from its historical high @120.33 in 2001 with succeeding lows thereafter @70.70 in 2008, 72.70 in 2011, 78.70 in 2014, 91.00 in 2016 before its run this year at 103.55. Breaking the mid-average resistance on the way higher @95.05/50 range was a key factor that confirmed after breaking the all time psychological / equilibrium levels that saw a high probability trade that has materialize as of today. The positive tone has yet to be proven otherwise before any serious trend reversal can be claimed. Pls. register an email to continue.

Part 2 - THE STRATEGIES APPLIED BEHIND THE TRADES

Part 3 - SEQUENCE OF FX CORRELATION STRATEGY

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