Oasis
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Latest Activity

Oasis posted a status
"The Globe and Mail expectation of Canadian GDP http://goo.gl/ikrv5x"
yesterday
Oasis posted a status
"Brian, could you take a look at NZDCAD and GBPCAD over the weekend? Thanks."
Friday
Surjya commented on Oasis's photo
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GBPUSDH4

"Haven't traded GU today but made some small profits trading it in the last few days. Hope next week to get some good trades with it. Happy weekend."
Friday
Oasis commented on Oasis's photo
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GBPUSDH4

"Hi Surjya, nice observations, quite a confluence. I guess what I am saying is that there is a lot of talk about selling rallies on GU as well. However we are actually ranging and one could argue we are making higher lows too. So in my opinion,…"
Friday
Surjya commented on Oasis's photo
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GBPUSDH4

"Hi Oasis, the area from 1.4912 to 1.4927 seems to be an area of strong resistance. On my chart 1.4912 is a 127.2% fibonnaci extension, 1.4927 is a 50% fibonnaci retracement and at 1.4927, the 100 SMA in the 4 hour chart is coming down. The same SMA…"
Friday
Oasis posted a photo

GBPUSDH4

Caution advised - wait and watch may be the better choice !!
Friday
Oasis commented on Brian Twomey's blog post Inside the Currency Market: EUR/USD and all EUR Pairs
"Yes it would be nice if Jack1 was able to give us a few reasons why he expects 1.180 and then 1,265. "
Mar 22
Oasis commented on Oasis's blog post Short EURAUD
"Yes Dao, it would be nice to have the ability to move the stop to b/e and let a trade run. One must have the ability to accept a b/e trade if target is hundreds of pips."
Mar 22
Oasis posted a status
"Once again an awesome webinar by Joseph Trevisani -…"
Mar 22
Grigore Macovei commented on Oasis's blog post Short EURAUD
"EUR/AUD Ok, before anything else, take a look at the monetary policy of the two central banks: RBA-2.25% main interest rate, ECB-0.1% plus minus 0.20 on deposit facility plus QE of 60 bilion/month. Now, EURAUD was at a high of 2.1145 in 2008. See…"
Mar 22
Oasis's blog post was featured

Short EURAUD

Let us start with a monthly view. We see that the downtrend that started in Nov 2008 retraced to the 1.5500 level. It then tried another leg up but was held at the 38.20% level and the trend is down again for the last 3 months.Now let us take a look at the weekly. Price was being supported by the trend line (green) until 2…See More
Mar 22
Oasis commented on Oasis's blog post Short EURAUD
"Thanks Brian, I see similarity in what you are saying and the levels found at my trend line and supports below. This should be interesting. Regards"
Mar 21
Karnchana Franklyn commented on Oasis's blog post Short EURAUD
"Thanks and much appreciate Oasis."
Mar 21
Brian Twomey commented on Oasis's blog post Short EURAUD
"Hi Oasis, My moving line 1.4077, this will track down as days progress. To offer what it means, we hit extreme prices at 1.4064 but a ton of resistance points are found beginning at 1.4010, that;s the 20 day average. It just gets worse from here,…"
Mar 21
Oasis commented on Oasis's blog post Short EURAUD
"Hi Kamchana, AUDUSD concerns me a bit. Price spiked up at FOMC but gave it all back. I expected a continuation down out from the box but it has headed up instead. If it breaks above my blue trend line or even worse, outside the top of the box (above…"
Mar 21
Karnchana Franklyn commented on Oasis's blog post Short EURAUD
"Hi Oasis, what do you think of aud/usd? Thanks Oasis"
Mar 21

Profile Information

About Myself
5 years experience with moderate success.
Trading style
Price action
Current Broker
Vantage FX

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Oasis's Blog

Short EURAUD

Posted on March 21, 2015 at 6:27pm 7 Comments

Let us start with a monthly view. We see that the downtrend that started in Nov 2008 retraced to the 1.5500 level. It then tried another leg up but was held at the 38.20% level and the trend is down again for the last 3 months.

Now let us take a look at the weekly. Price was being supported by the…

Continue

Looking for high probability trades during week of 16 March

Posted on March 15, 2015 at 3:52am 5 Comments

It is my intention to avoid USD and most EUR trades this week - just not comfortable with the prolonged USD strength and EUR weakness. I am wary of pullbacks that may not be very shallow. After scanning a few pairs it is my opinion that we may be about to see some strength return to GBP and continued weakness in AUD. Here is a summary of the pairs that I am watching for opportunities.

Short AUDCAD.

Take a look at the weekly chart. Note that we are below the 200SMA (also…

Continue

Trading the weekly chart AUDJPY

Posted on March 11, 2015 at 2:13pm 1 Comment

I have never found it easy to trade the weekly chart. The biggest challenge for me is to have the patience to see the trade through to the end and often end up taking profit too early. This time I have demo traded a short on AUDJPY.

As you see in the chart below, we had almost 3 weeks of bullish action followed by 2 weeks where indecision was the main sentiment. I entered short this week, was late by a day but the trade is valid. For target there looks like a nice confluence at 90.00…

Continue

Looking for high probability trades during week of 09 March

Posted on March 7, 2015 at 4:51pm 29 Comments

It's always nice to trade with the trend. I find comfort in the fact that by using small trading positions I can compensate for early (bad) entry by having the ability to hold on for longer. Unless the trend reverses completely I can avoid a loss.

Friday's NFP numbers leave no doubt in my mind that the USD will continue to strengthen, so I am looking for options to benefit from that. When price reaches extreme levels not seen in years I find it difficult to trade, partly…

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Comment Wall (4 comments)

At 4:41am on November 26, 2012, Muhammod A K Azad said…

Hello I'm Md Abul Kalam Azad .  From Bangladesh. I'm a Online FOREX Trader . I hope from Allah I'm coming soon in Toronto, Canada. I want to help from you. When I will stay in Toronto. You can help me? This is my FB LINK http://www.facebook.com/Md.A.K.Azad57 . This is my mail address (md.a.k.azad57@gmail.com). Skype ID (md.a.k.azad57)

At 9:21pm on April 21, 2013, Romano said…

Hello Oasis, no it was LONG I was looking for after first small bullish candle - for at least 50 pips or more. But we got a gap to the upside and price basically reached recent top and my minimum expected target(now at 80 pips as I speak), so if I had opened position over weekend I would have closed now. I closed friday for only 21 pips instead and was hoping for little retrace where I would reopen LONG. But as it is with current gap I dont trust it enough anymore so I will leave this setup. 

How did I knew it would go up? Look at recent downmove angle vs upmove before it, also last bearish candle down-wick followed by small bull candle. Also liquidity area. Also trendline.

Best regards: Romano OOOUUUTTTT!!! ;)

At 6:42pm on May 27, 2013, Ali Karbalaee said…

Thanks Oasis for welcoming msg...wish u good luck and great success  

At 10:18pm on March 23, 2014, Joe Lanburner said…

Some solid analysis

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