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04-11-2012, 04:46 PM
Simply as when retracement level is hit for any pair, Gold or Oil, you start using your Forex Skills regarding swing, breakout and price action strategies(I provided you with useful tips in past post showing charts..), then you decide if it's showing a swing or breakout trading opportunity to enter the market for the certain pair/s.
Originally Posted by Oskar07
An example of breakout strategy and small Stop Loss if entered as swing trading is Gbp/Usd movement for today.
For lack of time I'll not be able to post a chart but if traders just review 5 min. chart for this pair today they can easily see an example of my past posts charts showing how you take small SL if you had enter a swing trading and enter as breakout trading if you was still deciding what to do.
After ranging movement for this pair at retracement level at tokyo session, before end of session and open of london session this pair had broke this tight movment at retracement with around 8 pips spike candle(5 min. chart) to target 1.5885 price.
So at that level or worst above 1.5880 that turned to support you must had exit a short swing trade(not more than around 10pips SL) or entered a long trade if still no orders opened for this pair.
If you just had reviewd my past posts charts, you(Traders) would have said YES, this is same repeated scenario ForexMoney Maker showed us about a breakout trading strategy tip...
Last edited by ForexMoneyMaker; 04-11-2012 at 04:49 PM.
04-11-2012, 04:52 PM
It seem you had already decided your steps without waiting for approval!!!
Originally Posted by lontongcorp
Anyway, No problem for the start, there's no reason not to make the Medium Term Analysis also available for all traders just as the Short Term Signals but you must also introduce both strategies rules of trading so traders understand and know how to apply both with their trading..
04-11-2012, 04:57 PM
Originally Posted by metin
Metin, Post your entry and exit prices for all pairs you traded today so Traders understand and learn where you went wrong or right and for me to be able to help you to prevent such mistakes.
Well, just prepared you yesterday for such possibility by telling you "if you had entered at retracement..." but it seem you made some error at this part..
Anyway, ask whatever questions you would like to have better idea and clarification of my both strategies..
04-11-2012, 05:11 PM
Well, I thought you mean "OK" with "if you can do the work successfully"
Originally Posted by ForexMoneyMaker
As a webdev, didn't took too much time to build it tho. So, I built it after your words above.
Added the link j.mp/ForexMoneyMaker to this thread for the strategies.
Not a perfect translations from text to database, so some parts of data may missing in medium term signals.
There's an admin interface for input, so sometimes maybe I can't update it regularly when get busy with works.
04-11-2012, 05:14 PM
If we're ever going to make a list of favorite pairs here, mine are EURJPY, GBPJPY, EURUSD, GBPUSD, AUDJPY, CHFJPY, CADJPY, NZDJPY, USDCHF, AUDUSD, USDCAD, NZDUSD. If we aren't, it's cool anyway
Originally Posted by ForexMoneyMaker
04-11-2012, 05:45 PM
Thank you very much, FMM. Actually I was feeling sort of reluctant to post every detail of my trades fearing to cause an unnecessary flooding in this thread, but thanks for encouraging.
Originally Posted by ForexMoneyMaker
Yesterday, right after you posted your signals, I entered trades "around" rtc levels. My thinking was the rtc levels dont have to be exact numbers and if I am a bit late like 15 pips to catch the move, it doesn't hurt. Let me cut it short and give only your rtc levels and my entry levels:
USDCHF rtc 0.9170/75 entry at 0.9187
EURUSD rtc 1.3095/05 entry at 1.3080
GBPUSD rtc 1.5865/75 entry at 1.5864
NZDUSD rtc 0.8165/75 entry at 0.8154
SL levels were all 50 pips and I always choose the first TP in your analysis, since I don't have the time to modify later or keep watching the charts at the office.
After I opened these ones, I also wanted to go with JPY pairs and I noticed a possible bullish pullback on a downtrend (which mean I went against the trend) but the rtc level in your analysis was close to what I expected from the ichimoku pullback, so there was about 80 pips lying there. I did the same for EURJPY and CHFJPY. I closed them very early again taking about 100 pips profit in total. If I hadn't done this, my daily loss would be 200 pips.
Here's what I am talking about. The pic looks too small. The pink line shows the entry time. The upper horizontal blue line is your rtc and the lower one is my entry. See, the thick flat blue line is Tenkan which was the level I thought the price would get near and it did, hitting both your rtc and Tenkan.
Last edited by metin; 04-11-2012 at 05:51 PM.
04-11-2012, 06:14 PM
Forex Signals & Analysis for 12th April 2012:
Short Term Signals:
Usd/Chf Buy at 0.9120/25 then 0.9100/05 then 0.9070/75, sell at 0.9210/15 then 0.9225/30 then 0.9365/70
Usd/Jpy Buy at 80.45/50 then 80.25/30 then 80.00/05, sell at 81.20/25 then 81.40.45 then 81.65/70
Euro/Usd Buy at 1.3045/50 then 1.3015/20 then 1.2970/75, sell at 1.3170/75 then 1.3200/05 then 1.3240/45
Gbp/Usd Buy at 1.5840/45 then 1.5810/15 then 1.5770/75, sell at 1.5955/60 then 1.5980/85 then 1.6030/35
Medium Term Daily Analysis:
Usd/Chf This pair is on uptrend, retracement at 0.9165/75, as swing buy with Tp1 0.9210/15 Tp2 0.9225/30 Tp3 0.9365/70 while as breakout sell at 0.9165/75 with Tp1 0.9120/25 Tp2 0.9100/05 Tp3 0.9070/75
Usd/Jpy This pair is on downtrend, retracement at 81.10/15, as swing sell with Tp1 low at 80.65/70 Tp2 80.45/50 Tp3 80.25/30 Tp4 80.00/05 while as breakout buy at 81.10/15 with Tp1 81.25 Tp2 81.40/45 Tp3 81.65/70
Euro/Usd This pair is on downtrend, retracement at 1.3105/15, as swing sell with Tp1 1.3045/50 Tp2 low at 1.3015/20 Tp3 1.2970/75 while as breakout buy at 1.3105/15 with Tp1 1.3170/75 Tp2 1.3200/05 Tp3 1.3240/45
Gbp/Usd This pair is on downtrend, retracement at 1.5905/15, as swing sell with Tp1 1.5840/45 Tp2 1.5810/15 Tp3 1.5770/75 while as breakout buy at 1.5905/15 with Tp1 1.5955/60 Tp2 1.5980/85 Tp3 1.6030/35
Euro/Gbp This pair is on downtrend, retracement at 0.8245/50, as swing sell with Tp1 0.8220/25 Tp2 low at 0.8215 Tp3 0.8195/00 while as breakout buy at 0.8245/50 with Tp1 0.8265/70 Tp2 0.8275/80 Tp3 0.8285/90
Usd/Cad This pair is on uptrend, retracement at 1.0010/20, as swing buy with Tp1 High at 1.0050/55 Tp2 1.0060/65 Tp3 1.0075/80 Tp4 1.0095/00 while as breakout sell at 1.0010/20 with Tp1 1.0000 Tp2 0.9985/90 Tp3 0.9965/70
Aud/Usd This pair is on downtrend, retracement at 1.0310/20, as swing sell with Tp1 1.0215/20 Tp2 low at 1.0175/80 Tp3 1.0130/35 while as breakout buy at 1.0310/20 with Tp1 1.0360/65 Tp2 1.0390/95 Tp3 1.0450/55
Nzd/Usd This pair is on downtrend, retracement at 0.8185/90, as swing sell with Tp1 0.8120/25 Tp2 low at 0.8095/00 Tp3 0.8055/60 while as breakout buy at 0.8185/90 with Tp1 0.8230/35 Tp2 0.8260/65 Tp3 0.8300/05
Euro/Chf This pair is moving sideways, buy at 1.2020/25 with Tp1 1.2040/45 Tp2 1.2045/50 Tp3 1.2060/65 while sell at 1.2020/25 with Tp1 1.2005/10 Tp2 1.1995/00 Tp3 1.1985/90
Gbp/Chf This pair is on uptrend, retracement at 1.4570/80, as swing buy with Tp1 High at High at 1.4615/25 Tp2 1.4645/50 Tp3 1.4685/90 while as breakout sell at 1.4570/80 with Tp1 1.4530/35 Tp2 1.4505/10 Tp3 1.4475/80
Euro/Jpy This pair is on downtrend, retracement at 106.30/40, as swing sell with Tp1 low at 105.40/50 Tp2 105.15/20 Tp3 104.75/80 Tp4 104.10/15 while as breakkout buy at 106.30/40 with Tp1 106.85/90 Tp2 107.25/30 Tp3 107.85/90
Gbp/Jpy This pair is on downtrend, retracement at 128.90/00, as swing sell with Tp1 low at 128.00/10 Tp2 127.65/70 Tp3 127.20/25 Tp4 126.55/60, while as breakout buy at 128.90/00 with Tp1 129.45/50 Tp2 129.85/90 Tp3 130.50/55
Gold is on uptrend, retracement at 1654/55, as swing buy with Tp1 1664/65 Tp2 1667/68 Tp3 1672/73 while as breakout sell at 1654/55 with Tp1 1651/52 Tp2 1648/49 Tp3 1643/44
Oil is on downtrend, retracement at 102.85/90, as swing sell with Tp1 100.70.75 Tp2 low at 100.40/50 Tp3 99.80/85 Tp4 98.85/90 while as breakout buy at 102.85/90 with Tp1 103.85/90 Tp2 104.45/50 Tp3 105.75/80
We have Important News Releases today for the Aussie, Loonie, & Dollar Currency:
- Aud Employment Change & Unemployment Rate: Buy Aud/Usd if 10K or better or/& 5.2% or better(as 5.1%) while sell if 2K or worse or/& 5.3% or worse(as 5.4%)
- CAD Trade Balance: Buy Usd/Cad if 1.9B or less while sell if 2.4B or more
- US Trade Balance, PPI, & Unemployment Claims: Buy Usd/Chf & Usd/Jpy if -50B or better, 0.5% or more, or/& 345K or better(the 3 news in arranged order respectively), while Buy Euro/Usd & Gbp/Usd if -52B or worse, 0.1% or less, or/& 365K or worse(more)
Have A Great Trading Day
Last edited by ForexMoneyMaker; 04-11-2012 at 06:36 PM.
04-12-2012, 06:09 PM
Forex Signals & Analysis for 13th April 2012:
Short Term Signals:
Usd/Chf Buy at 0.9060/65 then 0.9035/40 then 0.8985/90, sell at 0.9180/85 then 0.9210/15 then 0.9245/50
Usd/Jpy Buy at 80.60/65 then 80.50/55 then 80.25/30, sell at 81.15/20 then 81.30/35 then 81.45/50
Euro/Usd Buy at 1.3095/00 then 1.3055/60 then 1.3010/15, sell at 1.3245/50 then 1.3275/80 then 1.3340/45
Gbp/Usd Buy at 1.5895/00 then 1.5865/70 then 1.5825/30, sell at 1.6005/10 then 1.6030/35 then 1.6075/80
Mdeium Term Daily Analysis:
Usd/Chf This pair trying to base on downtrend today below retracement at 0.9130/40, as swing sell with Tp1 0.9060/65 Tp2 0.9035/40 Tp3 low at 0.8985/90 while as breakout buy at 0.9130/40 with Tp1 0.9180/85 Tp2 High at 0.9210/15 Tp3 0.9245/50
Usd/Jpy This pair is on downtrend, retracement at 81.00/05, as swing sell with Tp1 80.60/65 Tp2 low at 80.50/55 Tp3 80.25/30 while as breakout buy at 81.00/05 with Tp1 81.15/20 Tp2 81.30/35 Tp3 81.45/50
Euro/Usd This pair is trying to base on uptrend today, above retracement at 1.3150/60, as swing buy with Tp1 1.3245/50 Tp2 1.3275/80 Tp3 1.3340/45 while as breakout sell at 1.3150/60 with Tp1 1.3095/00 Tp2 1.3055/60 Tp3 1.3010/15
Gbp/Usd This pair is trying to base on uptrend today, above retracement at 1.5925/35, as swing buy with Tp1 1.6005/10 Tp2 High at 1.6030/35 Tp3 1.6075/80 while as breakout sell at 1.5925/35 with Tp1 1.5895/00 Tp2 1.5865/70 Tp3 1.5825/30
Euro/Gbp This pair is on downtrend but might change this view is basing above retracement at 0.8265/70, as swing sell with Tp1 0.8225/30 Tp2 low at 0.8205/10 Tp3 0.8190/95 while as breakout buy at 0.8265/70 with Tp1 0.8280/85 Tp2 0.8295/00 Tp3 0.8320/25
Usd/Cad This pair trying to base on downtrend today as continuation of reversal movement of yesterday, below retracement at 0.9960/70 as swing sell with Tp1 0.9890/95 Tp2 low at 0.9865/75 Tp3 0.9805/10 while as breakout buy at 0.9960/70 with Tp1 1.0030/35 Tp2 1.0070/75 Tp3 1.0105/10
Aud/Usd This pair is on uptrend today effected by yesterday big upward movement resulted by Good Aussie news Release(talked about yesterday..), retracement at 1.0370/80, as swing buy with Tp1 1.0510/15 Tp2 1.0545/50 Tp3 1.0645/50 while as breakout sell at 1.0370/80 with Tp1 1.0305/10 Tp2 1.0240/45 Tp3 low at 1.0185/90
Nzd/Usd This pair is on uptrend today, retracement at 0.8230/40, as swing buy with Tp1 High at 0.8280/90 Tp2 0.8320/25 Tp3 0.8345/50 Tp4 0.8410/15 while as breakout sell at 0.8230/40 with Tp1 0.8180/85 Tp2 0.8135/40 Tp3 0.8100/05
Euro/Chf This pair is moving sideways, buy at 1.2020/25 with Tp1 1.2030/35 Tp2 1.2045/50 Tp3 1.2055/60 while sell at 1.2020/25 with Tp1 1.2000/05 Tp2 1.1995/00 Tp3 1.1985/90
Gbp/Chf This pair is trying to base on downtrend today, below retracement at 1.4545/55, as swing sell with Tp1 1.4490/95 Tp2 1.4470/75 Tp3 1.4420/25 while as breakout buy at 1.4545/55 with Tp1 1.4610/15 Tp2 1.4645/50 Tp3 1.4675/80
Euro/Jpy This pair is on downtrend, retraceemnt at 107.30/40, as swing sell with Tp1 105.90/95 Tp2 105.60/65 Tp3 low at 105.25/30 while as breakout buy at 107.30/40 with Tp1 107.85/90 Tp2 108.35/40 Tp3 108.70/80
Gbp/Jpy This pair is on downtrend, retracement at 129.75/85, as swing sell with Tp1 128.45/50 Tp2 128.15/20 Tp3 low at 127.80/90 while as breakout buy at 129.75/80 with Tp1 130.20/25 Tp2 130.85/90 Tp3 131.10/15
Gold is on uptrend, retracement at 1666/67, as swing buy with Tp1 High at 1691/92 Tp2 1698/99 Tp3 1716/17 while sell at 1666/67 with Tp1 1650/51 Tp2 1638/39 Tp3 1627/28
Oil is on uptrend, retracement at 103.05/10, as swing buy with Tp1 104.75/80 Tp2 105.30/35 Tp3 106.30/35 while as breakout sell at 103.05/10 with Tp1 102.20/25 Tp2 101.50/55 Tp3 100.70/75
We have Important news releases today for the Sterling & Dollar Currencies:
- UK PPI Input: Buy Gbp/Usd if 1.5% or more while sell if 0.9% or lower
- US Core CPI: Buy Usd/Chf & Usd/Jpy if 0.4% or more while Buy Euro/Usd & Gbp/Usd if -0.1% or worse
- US Preliminary Consumer Sentiment: Buy Usd/Chf & Usd/Jpy if 78 or better while Buy Euro/Usd & Gbp/Usd if 74 or worse
***I will also keep close focus and attention at China GDP Numbers(Buy Majors against Dollar if 8.5% or better while Buy Dollar if 8.3% or weaker) coming out few hours from now, besides Fed Chairman Ben Bernanke talks at late hours today(NewYork Session) that will surely as usual effect the Dollar Currency specifically and the whole market movement in General.
Have A Great Trading Day & A Happy Weekend
04-12-2012, 06:19 PM
There's no discussion about the current 12 Forex Pairs, Gold & Oil I am providing my analysis for, the same will keep on happening but might introduce 3 more Forex Pairs according to Traders preferences with higher percentage of agreement among all.
Originally Posted by metin
Despite that I believe that with even less than the 12 pairs and even just with the majors you'll be able to Gain lot of money from the markets using my signals. Even many traders are just using the Short Term Signals and gaining lot of money daily with less effort and short time interval bt. open and close of the order/s for this strategy.
In all cases, no trader will be able to trade all pairs mentioned at once but selectivity(upon trading history of trader for the pair/s and its movement understanding..) is the answer.
04-12-2012, 06:27 PM
Well, I don't judge on other methods used with combination of my signals and analysis because this is not the way to best trade my both strategies that are very specific in entries and exits as simple as retracement levels are like turning points, if you enter right as swing or breakout then you have all the way of big profits starting from 50 pips and counting..
Originally Posted by metin
Yesterday example of pairs were many but best example can be the Aud/Usd that was effected by Good Aussie News Release and kept flying upward to all TPs targets, and in general yesterday was mostly a Good Day for breakouts like also for the Euro/Usd & Gbp/Usd which started the breakout from day starting hours and despite some retrace back in mid-day to breakout starting point(Retracement level) but both kept the base above retracement to show traders once again how much ForexMoneyMaker Retracement levels is well respected by and have influence on market price movement.
Last edited by ForexMoneyMaker; 04-12-2012 at 06:29 PM.
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