Forex Buy & Sell Trading Signals

[pawancarrot]

The Euro rate dipped to the lowest rate in 11 months against the Yen as an increase in Spanish borrowing costs renewed concerns that the Euro-zone’s debt crisis is worsening.

[metin]

Here’s what I did with FMM’s signals on April 10th:

GBPJPY short at 129.83 closed at 128.86 (97 pips)
EURJPY short at 107.07 closed at 106.35 (72 pips)
GBPUSD short at 1.5896 closed at 1.5868 (28 pips)
EURUSD short at 1.3106 closed at 1.3092 (14 pips)
USDCAD long at 0.9975 closed at 0.9986 (11 pips)
USDCHF long at 0.9172 closed at 0.9181 (9 pips)

Today I didn’t have the chance to watch the charts at the office. When I had the time to log on to my account in the morning, I felt it was enough already and I didn’t wait for the TP levels to be hit. Result: 231 pips.

Thank you, FMM

[abdulmajeed]

Metin; i am also using ichi on FMM signals. are you using a 5min chart or a 15 min chart.

[ForexMoneyMaker]

@FMM
Hi,
First l, thank you for your Signals. I'm just only using the Short Term Signal for the moment , which generate enough pips daily .
I'm wondering if you extend theses signals for others pairs, is it possible for you to do so ?

PS : I wish to do it myself and post it but don't know the formula yet .

Thank you again for your Signals.
/Koul

Great that you established an understanding of my Short Term Signals.

Tell me what other pairs you're interested in trading and I may help you Koul.

[ForexMoneyMaker]

FMM, may I make your signals into RSS (and JSON) string?
I hope someone here can translate into MQL (wish I can make it by my own but what newbie can do

Well, must provide me with some examples to build on.. and if you can do the work successfully..
But at first most importantly that you and anyone do not turn it to earning money using my name..
It starts with let me use your signals & analysis for RSS.. to then find it used for Commercial use..lol

Take Care

[ForexMoneyMaker]

Hello Traders,


Forex Signals & Analysis for 11th April 2012:


Short Term Signals:

Usd/Chf Buy at 0.9135/40 then 0.9115/20 then 0.9085/90, sell at 0.9225/30 then 0.9240/45 then 0.9275/80

Usd/Jpy Buy at 80.05/10 then 79.80/85 then 79.00/05, sell at 81.75/80 then 82.25/30 then 82.65/70

Euro/Usd Buy at 1.3025/30 then 1.3000/05 then 1.2950/55, sell at 1.3145/50 then 1.3180/85 then 1.3220/25

Gbp/Usd Buy at 1.5780/85 then 1.5745/50 then 1.5680/85, sell at 1.5945/50 then 1.5985/90 then 1.6045/50



Medium Term Daily Analysis:

Usd/Chf This pair is on uptrend, retracement at 0.9170/75, as swing buy with Tp1 0.9225/30 Tp3 High at 0.9240/45 Tp3 0.9275/80 while as breakout sell at 0.9170/75 with Tp1 0.9135/40 Tp2 0.9115/20 Tp3 0.9085/90

Usd/Jpy This pair is on downtrend, low resistance at 80.80/85, break is to retracement at 81.15/20, as swing sell with Tp1 low at 80.80/85 Tp2 80.05/10 Tp3 79.80/85 Tp4 79.00/05 while as breakout buy at 81.15/20 with Tp1 81.75/80 Tp2 82.25/30 Tp3 82.65/70

Euro/Usd This pair is on downtrend, retracement at 1.3095/05, as swing sell with Tp1 1.3025/30 Tp2 low at 1.3000/05 Tp3 1.2950/55 while as breakout buy at 1.3095/05 with Tp1 1.3145/50 Tp2 1.3180/85 Tp3 1.3220/25

Gbp/Usd This pair is on downtrend, retracement at 1.5865/75, as swing sell with Tp1 1.5780/85 Tp2 1.5745/50 Tp3 1.5680/85 while as breakout buy at 1.5865/75 with Tp1 1.5945/50 Tp2 1.5985/90 Tp3 1.6045/50

Euro/Gbp This pair is on downtrend, retracement at 0.8250/55, as swing sell with Tp1 low at 0.8220/25 Tp2 0.8205/10 Tp3 0.8185/90 while as breakout buy at 0.8250/55 with Tp1 0.8275/80 Tp2 0.8290/95 Tp3 0.8310/15

Usd/Cad This pair is on uptrend, High support at 1.0040/45, break is to retracement at 1.0000/10, as swing buy with Tp1 High at 1.0040/45 Tp2 1.0085/90 Tp3 1.0105/10 Tp3 1.0165/70 while as breakout sell at 1.0000/10 with Tp1 0.9955/60 Tp2 0.9915/20 Tp3 0.9885/90

Aud/Usd This pair is on downtrend, retracement at 1.0280/90, as swing sell with Tp1 1.0195/00 Tp2 low at 1.0175/80 Tp3 1.0100/05, while as breakout buy at 1.0280/90 with Tp1 1.0345/50 Tp2 1.0390/95 Tp3 1.0425/30

Nzd/Usd This pair is on downtrend, retracement at 0.8165/75, as swing sell with Tp1 low at 0.8100/05 Tp2 0.8080/85 Tp3 0.8045/50 Tp4 0.7975/80, while as breakout buy at 0.8165/75 with Tp1 0.8240/45 Tp2 0.8285/90 Tp3 0.8335/40

Euro/Chf This pair is moving sideways, buy at 1.2025/30 with Tp1 1.2035/40 Tp2 1.2040/45 Tp3 1.2050/55 while sell at 1.2025/30 with Tp1 low at 1.2000/05 Tp2 1.1985/90

Gbp/Chf This pair is on uptrend, retracement at 1.4555/60, as swing buy with Tp1 High at 1.4595/00 Tp2 1.4635/40 Tp3 1.4675/80 while as breakout sell at 1.4555/60 with Tp1 1.4510/15 Tp2 1.4485/90 Tp3 1.4450/55

Euro/Jpy This pair is on downtrend, low resistance at 105.70/75, break is to retracement at 106.35/45, as swing sell with Tp1 low at 105.70/75 Tp2 104.55/60 Tp3 104.15/20 Tp4 102.80/85 while as breakout buy at 106.35/45 with Tp1 107.25/30 Tp2 108.10/15 Tp3 108.80/85

Gbp/Jpy This pair is on downtrend, low resistance at 128.25/30, break is to retracement at 128.85/95, as swing sell with Tp1 low at 128.25/30 Tp2 126.80/85 Tp3 126.30/35 Tp4 124.75/80 while as breakout buy at 128.85/95 with Tp1 130.00/05 Tp2 131.00/05 Tp3 131.80/85

Gold is trying to base on uptrend, above retracement at 1652/53, as swing buy with Tp1 1675/76 Tp2 1682/83 Tp3 1702/03 while as breakout sell at 1652/53 with Tp1 1632/33 Tp2 1620/21 Tp3 1608/09

Oil is on downtrend, retracement at 101.70/75, as swing sell with Tp1 low at 100.45/50 Tp2 99.70/75 Tp3 99.15/20 Tp4 97.70/75 while as breakout buy at 101.70/75 with Tp1102.80/85 Tp2 103.80/85 Tp3 104.60/65





Have A Great Trading Day

[metin]

Metin; i am also using ichi on FMM signals. are you using a 5min chart or a 15 min chart.

I don't use ichimoku for M5 or M15 solely. I have two different strategy with ichimoku.

The first one is:

I check four things:

1. Is the future Kumo is bullish?
2. Has the Tenkan-Kijun cross happened?
3. Has Chikou has closed above all other components?
4. Have the two higher timeframes display the same conditions? If all OK, then I wait for the close above Kumo for a long trade. H1 and H4 if I'm watching the Kumo breakout on M15. But if I'm waiting for the signal on H1, I check H4 and D1. And generally I don't trade this strategy with M30. Cause the MT4's timeframes somewhat fit on a "4 times greater" logic except M30, M5 and M1. As for D1, I feel comfortable considering that 24 hours are close to 4 times of H4. But this system works only for the strong trends. So what you catch as a signal is the pull back from support levels.



The second strategy is:

When a bullish trend is in sight on M15 I wait for it to break the Kumo. Then I watch it until it breaks the Kumo on M30. If the price and Chikou close above all others, I enter the trade (Kijun plus buffer is my SL). If it goes well, I wait for the same on H1 but if the trend isn't so powerful the price generally doesn't get out of the Kumo and bounces back from a strong resistance.


The latest trades I posted the results for were all based on FMM's retracement levels. I just looked at ichimoku for confirmation of the trend to avoid a reverse breakout on FMM's ichimoku levels. Also those levels coincide with ichimoku's flat Kijun lines which are strong S/Rs. So I didn't have to do a lot of thinking to enter on FMM's rtc levels. Trend was clear and I trust both ichi and FMM. Especially for the TP levels But today USD was going slow and I feared a possible bullish reversal so I closed them all with about 200 pips' gain in total which for me was a dream for daily profit one month ago.

[ForexMoneyMaker]

what do you think of all the positive numbers from the BOJ FMM?

also, at how many pips past a retracement level do you consider a "breakout" has happened? 30? 40? or once it hits your 50 pip sl?

BOJ had been applying tight Monetary policy with very low rates for long time. It will only be a shock for the market if it changes this policy.

Retracement level is considered broken(breakout trading) simply after the line or price level is broken by market price, but for it to be a successful breakout not false then you must know and apply breakout trading strategy(I gave many tips for that with price action reading too in past charts posts..).
In Fact or practically speaking, a successful breakout will be after Tp1(opposite side of current trend) is hit or 50 pips, but you would not have to wait that long(big SL) for you to exit a swing trade if you understand the strategies(swing, breakout, price action..)

[ForexMoneyMaker]

worst signal today... usd/cad going up.... at unbelievable price

Give me a break!! You ask me for new signal, I provide you with. You then trade against my analysis and signal then come out and say wrong signals.
Are you seriously using this thread post contents?!
Did not you read my analysis for Usd/Cad yesterday?! wasn't it uptrend with retracement level hit by market price then went to Tp2 which is a result of around 70 pips gain as successful swing trading?

So, you shouldn't be surprised("going up") if using my analysis for this pair..

[ForexMoneyMaker]

Here’s what I did with FMM’s signals on April 10th:

GBPJPY short at 129.83 closed at 128.86 (97 pips)
EURJPY short at 107.07 closed at 106.35 (72 pips)
GBPUSD short at 1.5896 closed at 1.5868 (28 pips)
EURUSD short at 1.3106 closed at 1.3092 (14 pips)
USDCAD long at 0.9975 closed at 0.9986 (11 pips)
USDCHF long at 0.9172 closed at 0.9181 (9 pips)

Today I didn’t have the chance to watch the charts at the office. When I had the time to log on to my account in the morning, I felt it was enough already and I didn’t wait for the TP levels to be hit. Result: 231 pips.

Thank you, FMM

Good Results Metin, despite not using my analysis accurately for your trading regarding both entries and exits.
If you had just entered at retracement levels you could had gained much more pips for all the pairs you mentioned even with your same exit price(too early).
But the Good point for you is that you had trade with the trend(Swing) and that was successful trading strategy for yesterday.