Momentum Daily Trade Alert

Trading Systems
1

Trade Updated.

  1. Long Usd/Cad @ 1.0680
  2. Stop out for 20 Pips

Long @ Usd/Cad @ 1.0680
Stop @ 1.0660
Target1 @ 1.0790
Target2 @ 1.1100
Status: triggered @ 7:33 EDT 8-3-09

2

Trade Updated.

  1. Alert @ 9:55 EDT

Long @ Usd/Cad @ 1.0650
Stop @ 1.0625
Target1 @ 1.0690
Target2 @ 1.1100
Status: Open

3

Liquidity levels are below par on this unit today partly due to the Canadian Bank Holiday.
With recent downside momentum (bullish CAD) driving this pair, maybe the line of least resistance would be to �go with the dominant flow� at least until Canadian desks get back to normal again?

Positive S&P Futures & commodities weren�t helping your cause today either.

4

S&P and OIL are at overbought level, Usd/Cad has strong support level @1.0640. It should see some good reversal coming VERY SOON.

6

They sure as hell aint today!

I recall the talking heads spouting all that crap last Monday too.
Instead, we get Euro putting another 4 handles in the tank, Sterling 6 handles & CAD popping up through solid resistance barriers @ .084 & .079

7

Good to see you back, [B]Andre Mayer[/B]. :slight_smile: :slight_smile:

Sometimes I think you and Tess are gone for good!!
Tonymand disappears too!!

8

The girls (& Sean) went on summer vacation back in June Tymen. They�re back middle & back-end of this month.
The activity/visibility on the TT2 thread is very much time dependent.
Whoever is least busy at the time usually takes up the slack, which explains the occasional prolonged absences

9

Ah…I see.

I trust they have had a good holiday - summer finishes at about end August in the northern hemisphere if I have it correct.

Looking forward to their return!! :slight_smile: :slight_smile:

10

Below is new trade alert

Trade Updates:

  1. Alert @ 16:04 8-3-09

Long Usd/Chf @ 1.0565
Stop @ 1.0545
Target1 @ 1.0615
Target2 @ 1.0740
Status: Open

11

Trade Updated.

  1. Alert @ 9:55 EDT
  2. We entered this trade already.
  3. Move stop to to 1.0640 & out half position for 40 pips gain since Target1 is hit.
  4. Move Usd/Cad stop to 1.0690 to lock in the profits on target2.

Long @ Usd/Cad @ 1.0650
Stop @ 1.0625
Target1 @ 1.0690
Target2 @ 1.1100
Status: Triggered

12

Trade Updates:

  1. Alert @ 16:04 8-3-09
  2. Remove this trade. We didn’t get filled on this one. It is rally to our target1 already

Long Usd/Chf @ 1.0565
Stop @ 1.0545
Target1 @ 1.0615
Target2 @ 1.0740
Status: remove.

13

Trade Updates:

  1. Alert @ 19:24 8-5-09

Long Usd/Chf @ 1.0550
Stop @ 1.0525
Target1 @ 1.0610
Target2 @ 1.0740
Status: Open

14

[B]Stop out @ 1.0690, Gain 40 pips in this trade.[/B]

15

I assume the bold text highlighting the fact you eventually managed to limit your losses on this move was for my benefit? :slight_smile:

Congratulations!
But it doesn�t alter the fact you got your timing out of whack & were running the wrong way into the early week flows.
Instead of standing aside after your first crash & gauging the appetite of the price action, you attempted to step in front of the clear & obvious downside momentum & try pick another bottom!

You stated earlier in the week, after your initial losses, that .0640 was [I]“a strong support base”[/I] � so why didn�t you wait for signs of a slow down in the bearish momentum & some kind of (temp?) basing around that level before attempting to initiate longs?

After all, your bio suggests that [I]‘calm & patience are the key to the trading’[/I]
You might want to follow your own advice once in a while.

When you�re attempting to attract punters to your $200 per month signal service, it doesn�t look very professional when it appears you�re struggling to determine the difference between an upside & a downside momentum play.

Had you practiced what you preach, on this particular pair anyway, you wouldn�t have had to shell out unnecessary costs to prove that .0640 was indeed a robust fair value zone.

If you’re sniffing around for fresh custom why not contact Babypips management team & discuss paying an advertisement fee for your services like any other professional business? You wouldn�t have to adopt “back-door” practices then. :wink:

16

If you know what you doing, then it is good…In forex market, you have to lock the profits just in case it didn’t go to the direction that you want.

So we move our stop once target1 hits and able to manage with average gain on 40 pips…

17

Remove this trade since it didn’t fall back to our entry point before it rally up to target1.

18

It is real time quick trade.

Updates:

  1. Alert @ 11:30 8-5-09 EDT

Short Eur/Usd @ 1.4397
Stop @ 1.4417
Target1 @ 1.4357
Target2 @ 1.4270
Status: triggered.

19

[B]Stop out for 20 pips loss.[/B]

20

It is real time quick trade.

Short Gbp/Usd @ 1.7027
Stop @ 1.7047
Target1 @ 1.6975
Target2 @ 1.6780
Status: triggered.

21

Updates:

  1. Alert @ 14:16 8-5-09
  2. Take Gbp/Usd first target @ 1.6997 for 30 pips gain.
  3. Move Gbp/Usd stop @ 1.7017 for in case of reversal.

Short Gbp/Usd @ 1.7027
Stop @ 1.7047
Target1 @ 1.6975 ( out @ 1.6997 for 30 pips gain)
Target2 @ 1.6780
Status: triggered.