Oasis
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Oasis's Page

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

Considering a short on NZDJPY

Posted on May 23, 2015 at 9:34pm 0 Comments

As you can see from the daily chart below, price has been in a range (91.85 - 88.00) since mid Feb. Also note that the 200 SMA has done a pretty decent job of acting as a s/r level during the last few months. I am interpreting price action during the last 10 days as break below the SMA followed by a few retests, the last one being on Fri. My downside bias is further strengthened by the bearish pin bar formed on Friday.

To be fair, it is certainly possible for price to stay within the…

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Looking to short GBPCAD

Posted on May 17, 2015 at 12:44am 11 Comments

I have never had much luck with this pair but will give this another shot. Starting with the daily chart I see price almost made it to 1.9000 but was shot down. A pin bar formation at an important level is significant to me. The 1.8900 level was also a rejection level on 17 and 31 March and price has just moved below that level on Fri. Do we have sellers in that area? It does seem possible.…

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Thank you Forexstreet.net

Posted on May 15, 2015 at 11:18pm 11 Comments

It was a bit of a shock to read that our daily hangout will be closing down soon. Somehow I had taken it for granted that forexstreet would always be here for us.

From a personal perspective I can say that I have benefited a lot here. I came here quite raw, unsure and with no confidence as a trader. I have had quite a turn around in this regard. Just being here reading the blogs of other traders, asking questions, watching the webinars or going through some of the educational material…

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Waiting to short NZDUSD

Posted on May 2, 2015 at 10:00pm 3 Comments

This trade may require some patience and therefore the title. Starting with the weekly chart, the trend is seen as bearish. Price is well below the 200 SMA. Last week candle has formed a shooting star look alike, so further downside should be likely. Not to forget RBNZ saying last week that price was too high.…

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Comment Wall (4 comments)

At 4:41am on November 26, 2012, Md 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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