Rana Haq

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  • Rana Haq posted an update 2 months, 1 week ago

    Trade Plan Thursday 12, USD/JPY Bias: Long Support 106, Other support level approaching before will also be watched. I have positive bias on CAD and AUD dollar, they seem to be at Resistance, therefore no short-term trade plan on them.

  • Rana Haq posted an update 5 months, 3 weeks ago

    There are many charecteristics of a good trader, one of the which I would identify is finding a good conditions in market matching with one’s trading style. For example, if there is fib retracement and volatility time and no scheduled high impact news, this can be good trade considering the type of trading. There are times when market is…[Read more]

  • Rana Haq posted an update 5 months, 3 weeks ago

    Strengths and Weakness of Forex trading: First, weakness. Anticipating breakout in thin market, not predicting profit targets in several trades, this can cause taking trade with very little profit potential or losing trade, it may be the whole business strategy than needs to be change, or modify parts of it. Workstation or office with…[Read more]

  • Rana Haq posted an update 7 months, 1 week ago

    Thank you for webinars here. Lately, I don’t see any recording.

  • Rana Haq posted an update 7 months, 2 weeks ago

    Confirmation on Bias: Before analyzing charts, I would confirm my bias. On GBP my bias is positive, and USD negative. As I read through news and updates. In charts, in time of this writing, GBPUSD is in resistance of 1.322 area. One Bias at a time. And, it needs to be confirmed both fundamentllay and technically. Thanks to all in FOREX.TODAY

  • Rana Haq posted an update 7 months, 3 weeks ago

    Trade Plan Nov 2, Thursday- On charts: noted important price levels such as daily, weekly and monthly pivots on GBPUSD and GBPJPY. There are several high impact news in economic calendar. I will not use immediate pullback strategy, I would wait for confirmation on support or resistance after news.

  • Rana Haq posted an update 8 months, 2 weeks ago

    Trade Plan: Oct. 12 Thursday As in this time of writing, EURUSD seems to be approaching resistance 1.1872. This trade plan is for NY session. At 10:30, ECB President Draghi has speech. I will trade after this on this pair, only if support or resistance can be identified.

  • Rana Haq posted an update 9 months ago

    In forex trading, we watch many economic reports and news. How can one say that say in linkedin profile. It is just that it is not very specific , for example when I was cahier at Toys R US I could put retailing.

  • Rana Haq posted an update 9 months, 1 week ago

    The platforms that display scheduled oncoming news are very helpful at least it enable one to close the trade and risk management. What is the point of if one earns few pips in hours and lost many in seconds. In last week , I saw news analysis as the came from TTN , very useful. On technical analysis Pivots.

  • Rana Haq posted an update 10 months, 3 weeks ago

    Observation/Trading: After years of trading in small accounts, I think that observation is not a bad thing even if there is a experience in watching markets. It is that we need to wait for good setup. Suppose It is loss of time and money, so It seems observing at time can save both or at least one.

  • Rana Haq posted an update 1 year ago

    Wednesday June 21, USDYEN… I can see several levels of resistance before 112.00. such as 111.50 , 111.62, 111.78 . at the time of writing. It seems hard to trade now in choppy market conditions. USDCAD…Close to resistance of 1.33500, GBPUSD… downside range limited, no lower low. 1.26 seems to be holding although price went few pips…[Read more]

  • Rana Haq posted an update 1 year ago

    Tuesday June 20, NY morning sesssion: GBPUSD …pair made lower low but 1.26 is not broken at the time of writing. I would sell on pullback or on downside range if possible during week. USDYEN… Some upside move, seems to be in resistance at time of writing of 111.50-62. Since I am positive on USD, further analysis will be needed to trade…[Read more]

  • Rana Haq posted an update 1 year ago

    Swing/Day trading…I have been a daytrader and thinking ways to improve it. Understanding swing setup may help with daytrading as line of reversal pivots are identified (even though levels can be broken or sustained).

  • Rana Haq posted an update 1 year ago

    Friday May 26, Trade Plan: I have neutral bias on both CAD and USD. Pairs CADYEN , EURUSD

    USDYEN and USDCAD. Economic Calendar: GDP at 8:30, Also Durable Goods Order.
    I dont expect large breakout due to seasonality, but there may a possible entry on pullback. or early hours of NY Session. IF market condition do not meet with my…[Read more]

  • Rana Haq posted an update 1 year, 1 month ago

    May 17, NY session morning observation CADYEN: Very bearish…I probably wont get buy entry later in the day either.

  • Rana Haq posted an update 1 year, 1 month ago

    Trade Plan Wednesday May 17, Pairs to watch CADYEN and USDCAD, EIA Crude Oil Stocks Exchange report due at 10:30 in NY session. My short term bias on CAD is upward. Short-term bias for USD is neutral to downward and for YEN neutral.

  • Rana Haq posted an update 1 year, 1 month ago

    Technical Analysis: 2 or 3 levels of support and resistance, identify daily, weekly and monthly pivots, pattern double bottom, higher high and higher low for buy entry. Whole
    numbers only as one part of analysis, Time frames 4hr , 1hr, !5min, and for entry 1min.

  • Rana Haq posted an update 1 year, 1 month ago

    Trade Plan May 8, Monday: Pairs to watch CADYEN, USDCAD, and USDYEN. There are medium impact news on Economic Calendar in NY morning session from US and CAD. I trade on Time of Day, when there is a expected volatility by watching pullbacks and support and resistance over price action. I would observe Euro and GBP only.

  • Rana Haq posted an update 1 year, 1 month ago

    Trade Plan May 5, Friday NFP due at 8:30, and Candian job reports. Pairs to watch USDCAD, USDYEN, and CADYEN. I would try enter after fib retracement if price moves back to the trend after job report with stoploss. This scalping entry may be a counter to long term trend.

  • Rana Haq posted an update 1 year, 1 month ago

    Trade Plan: Thursday May 4… Pairs watching USDCAD and USDJPY, I would try to enter after pullback to round or psychological level if they represent support, because I am bullish on those pair. Also, resistance are identified by drawing horizontal lines. There are several medium impact news in Economic Calendar In New York morning session.