Aug 26

Chaos in Cairo – View from the office this week

IMG_3276It’s just gone 7.00 pm, Sunday 18th August.  Cairo streets have gone eerily quiet.  The military enforced curfew has just got underway for this city of 20+ million people and across many other cities in Egypt.  Numerous offices have remained closed today – many have been closed since last Wednesday.  On a positive note, the mall next door has finally opened it’s doors, after being closed for 4 days.  Hearing of this has been music to our ears, after being cooped up within the hotel grounds, where we live, for the past 4 days.

Sunday is a day when I generally reflect on the past week’s trading and plan ahead for the coming week.  This has certainly been a somber week of reflection and a week which I hope, for the sake of the Egyptian people, is not repeated.  Wednesday 14 August 2013 is a day which will play out in my mind for some time to come.  As a State of Emergency is declared across Egypt, I reflect on my day in the office that day and share with you my actual views from the office.  My office (aka home / hotel apartment) is located approximately 2 km from Rabba Al Adiwya Mosque in the Nasr City district of Cairo.  The same Rabaa Al Adiwya Mosque that has been the main location for the pro-Morsi supporters sit-in for the past 6 weeks.  The link from Google Maps below shows just how close our home is to the Rabaa Mosque:

Rabaa on Fire 2Scarily, my office view on 14 August consisted of thick black smoke billowing from the Rabaa Square area, cars in a nearby parking lot up in flames after being torched, and people running for their lives in the streets below as they tried to escape the ubiquitous bullets. The inundation of gunfire which was eventually to tragically end the lives of at least 700+ men, women and children in the neighbourhood IMG_3370that day.  This was the unfortunate scene for the entire day, since as I sat outside in the hotel courtyard for breakfast I was accompanied by the sounds of nearby gunfire even at that time of the morning. Retreating up to my office after breakfast, I was greeted with yet more gunfire echoing off the high-rise buildings surrounding the hotel.


The skype call from my mother and the rest of the Auckland South Breast Friends breast cancer support group was a welcome distraction.  When possible, the group will call me via skype during their monthly meetings so that I can still be a part of their evening of friendship, fun and support (when support is needed).  My beautiful mother, Annette, is one of the co-ordinators for the Auckland South group, having been a breast cancer survivor for almost 20 years. And although I had joined the group in support of my mum quite some years ago, I become a fully fledged and legitimate group member when I became a “bossom buddy” myself 4 years ago, upon being diagnosed with breast cancer also.

To be honest, I was unaware that the Breast Friends meeting was even on that night.  When I saw my mothers call come through, as it was earlier than our usual chat time,  I had assumed that she had just heard the news about the military “clear-out” of the protesters in Rabaa Square and the death and destruction that had resulted.  At the time when mum and the group called me, gunshots were going off thick and fast.  I, therefore, apologise ladies if I was a little distracted at that particular time!  Although I have heard gunfire in our area before, it has never been in the middle of the day, resounding through the streets with such constant and frequent abandon.  Ladies, I am sorry if this destructive background noise was a little overwhelming.  It certainly was for me too!

Below is actual video footage taken by yours truly, from our hotel, on that fateful day…

As we are reflecting on the week that has just passed, now is the time that I reflect on the trading week also.  A midst all this chaos, I managed to enter 2 of the trades that I had on my radar from last week…  AUDUSD & EURUSD.  Here’s how they played out…

audusd h4 13 aug 2013 - closed tradeI sold the AUDUSD at .9153.  My entry, being on the 4 Hour chart, after the close through and pullback to the 200 ema.  I took this trade as there were multiple reasons:  resistance above, 78.2% fib just above, whole number, and 200 ema above.  Half the trade I closed at 30 pips profit. The 2nd half closed upon hitting my target at .9080 – 73 pips profit in total.  You can see on the chart why I chose this target – it was 55 ema, 50% fib and had the bollinger band holding price up – with these road blocks in the way, I was expecting the price to falter here, so an ideal target area.

eurusd daily 14 aug 2013 - closeMy second trade was the EURUSD, in which I had set up an order to sell at 1.3277.  I set an order to sell this pair at this level because it was at the top edge of a weekly triangle, which was also the 200 ema on the weekly chart and 55 ema on monthly chart ie. plenty of reasons to “hold the price down”.  I set my order 13 August and it was triggered the next morning.  Trading in a conservative manner, I took half my profits at 34 pips, moved my stop to entry and left the remainder of the trade to run.  Although my target of 1.3179 wasn’t quite reached, this trade still had a total potential of 70+ pips profit before price retraced.

In summary of my abnormal and very chaotic trading week,  I still managed to take 2 of the trades which I had suggested you look out for in my previous post.  107 pips profit in total for the week.  I’m happy with that, since 100 pips is generally the weekly target for most traders.  Job done for the week, and in the space of 2 days :-)

Hoping that next week brings calmer days for Cairo without the death and destruction of this week.

Stay safe my fellow Cairo readers!

All the best



Posted in View from the Office (aka Travel) | Tagged , , , , , | Leave a comment
Aug 13

My Ubiquitous Office…. This Week – Cyprus!


Cypriot Church

I am extremely lucky in that my “office” is wherever in the world I happen to be.  For this past week, my office has been the rugged Mediterranean island of Cyprus.  So long as you have a laptop and internet connection, you too could have a ubiquitous office and be “working” (aka trading) from anywhere.
I am the first to admit that not a lot of work was done from my Cypriot office this week!  I was far too busy making the most of the warm Mediterranean Sea lapping at my heels during our unfortunately short 4 day Eid getaway.  Even though there wasn’t a lot of trading that went on while in Cyprus, (I was simply far too distracted by the azure waters which beckoned for that), there was time for some trade planning…
A few of the currency pairs that I have on my radar this week, and their entry points, are detailed below:
Chart:  Daily
Short @ .9200
Long @ .9040 & .9000
I plan to Short @ .9200, since there is previous resistance at this price and it is also at the 78.6% fib level.  I will enter short, after looking at lower time frames to 1. find the ideal entry point, and 2. find further confirmation of my reasons to go short.
If the price gets down to .9040, I will look for reasons to long here since this is a previous support area and is also 38.2% fib.  If price fails to hold at the .9040 level, I will definitely look for a bounce at .9000.
audusd daily 12 aug 2013
Chart:  Weekly
Short @ 1.3300
Chart:  Daily
Short @ 1.3280
Long @ 1.3100
Price is at the upper triangle edge.  It is also has the 200 ema on the daily and 55 ema on the weekly holding price down.
eurusd weekly 12 aug 2013
I will enter short on the 4H chart after there has been a close below and a pullback to 1.3280 – which is the weekly 200 ema.  This area is also a strong support and resistance level on the 4H chart.
I will definitely look for reasons to long when price gets to 1.3100, since this is a support area, whole number, 50% fib and 200 ema are just below, as well as there is a steep bollinger band to hold price up in this area.
eurusd daily 12 aug 2013
Chart:  Weekly
Short@ 1.5520
Chart:  Daily
Long @ 1.5330
I will look to short below 1.5520 since there is a weekly trendline which has been in place since the end of 2012.  There is also a 55 ema to hold price down.  I will look to take my profits at 1.5330, since this was a previous support area.
gbpusd weekly 12 aug 2013
I will definitely look to long if price gets to 1.5330, since there are multiple reasons to take this trade: trendline, support, 55 ema, 50% fib
gbpusd daily 12 aug 2013
Let’s see what the trading week brings.
Happy trading!
Posted in Trading Analysis, View from the Office (aka Travel) | Tagged , , , , , , | 2 Comments
Aug 11

Salam! Kia Ora! Hi! – Welcome to my blog!

As I write my first ever blog post, I am lucky enough to be living amidst the chaotic and beautifully historic city of Cairo, Egypt.  Based here during a time of political upheaval , where daily mass protests are the norm – sometimes peaceful, sometimes not – I am extremely grateful for how blessed I was to be born in the stability and safety of my  hometown of Auckland, New Zealand.

Salam!  Kia Ora!  Hi!  – Welcome to my blog!

Hi, my name is Jackie Coutts.  I am a born and bred New Zealander, and l like most Kiwi’s lucky enough to be living as an expat, I have been making the most of the opportunities presented.   I have travelled extensively, lived and worked in various countries, met some fabulous and colourful characters along the way, and most of all, I have always been prepared to try different things and follow opportunities as they arose.   The outcome may not have always been what I planned, however the journey was certainly eventful and I sure have learnt a lot from my numerous learning experiences and yes, mistakes, made along the way!

I hope you will bear with me as I embark on my foray into the blogging world and get to grips with this whole blogging lark.  Perhaps an ideal place to start is to tell you a bit about what I am hoping to share with you through this blog…

What I am aiming to share with you are a few lessons I have learnt, through embarking on some of these opportunities.  The majority of these will be the numerous lessons that I have learnt the hard way, from my experience as a Foreign Exchange (aka Forex) Trader.  I also hope you have some fun and a little laugh at some of the “OMG why did I do that” situations I have experienced, and I wonder if many of you will be quietly saying to yourself “I did that too!”

With my experience of more than 4 ½ years of Forex education, mentorship  and trading, there are certainly many lessons to share with you.  And after receiving many requests to pass on some of my trading knowledge, I will aim to share a few pointers with all of you beginner, learning and wannabe traders out there.  For those of you who are not new to trading, and are looking for an insight into a fellow trader’s strategies and trade plans, and perhaps moral support from someone who has no doubt experienced the same trading highs and lows as you, my blog is aimed at you too.  Above all, my vision is to provide trading mentorship and education, as well as an insight into my trading plan for the days, weeks and months ahead.

To give an eclectic feel to this blog, I may throw in some life lessons learnt along the way as well.  Whether they be financial, which will compliment your trading and wealth creation journey, or just general life lessons to aid in your personal development and empower you to be the best person you can be.

The colourful “life balance” aspect of this blog will come to you through my  sharing the odd travel highlight – any “not to be missed” wine bars, funky restaurants and cafes, or just general “gotta add to your Bucket List” places.   Travel, I would have to say, is one of my main passions and  I would love for you  to be able to share in that passion as well.

Why did I want to start this blog?  Well, honestly the  main reason for my blog is based on the wonderful philosophy of philanthropy and helping others in general.  I believe that life should always consist of win-win outcomes for all parties, not just when it suits, but consistently.  Everyone must benefit.

As a breast cancer survivor, I am thankful each and every day for just how lucky I am to still be here!  I am well aware that I could have been dealt with a much worse outcome when I was first diagnosed in August of 2009.   So, in an effort to show my gratitude for the blessing that was bestowed upon me, the most important objective I have for starting this blog is to be able to give back to cancer charities and especially to be able to provide financial assistance to the exceptional organisations undertaking the all-important Cancer Research.  If I can provide support in any way possible to cancer patients who are less fortunate than me, then it will be my privilege if I am able to make a difference.

I have been very lucky to have undertaken extensive trading education and mentorship from some of the best professional Traders in the industry.  Now,  I would like to give back to you, my readers, through passing on my knowledge to anyone who wishes to benefit.

The catch?  There is none.  I am hoping to bring to you my extensive Forex knowledge, free, through snippets in my blog.  I also have a vision for creating Forex Trading e-books and video training courses, which will be available at very affordable rates.  My aim is to ensure that my courses are accessible to everyone, with a percentage of the profits going to support cancer research.  The more affordable the training, the more people can take part and the more money will go to charity.  Everyone wins!

My philanthropy objectives are further realised through my role as an Introducing Broker (IB) for various trading brokerage companies.  My goal is to donate 50% of my IB profits to cancer research.  Exactly how this works, and how you can also become a part of this, will be detailed in further blogs.

Enough of me for now.   This is just a brief overview of me, your average Kiwi chick. An expat living abroad, with a passion for travel and trading, and a huge vision for philanthropy through Forex.

I look forward to welcoming you back to my blog in the weeks, months and years to come.  I would love to hear from you!  If you have any questions, suggestions or need any help then please feel free to contact me…

DSC09240 - Copy


See you again soon!



Posted in Uncategorized | Tagged , , , , , , , | 2 Comments