Forex Buy & Sell Trading Signals

Commercial Content Trading Signals
1628

My broker screwed me over on 3 jpy pairs today which I had to manually close… Strategy was ofcourse short term and it would have worked if they didn’t declare “slippage” on all 3…I guess the jpy shot up across the board 30 pips and more in just 2 minutes time… Here are 2 of the the pending orders i had to manually close because my broker FAILED to fill them in…Line is where I bought them via pending order…

Slippage chfjpy.jpg700×261 24.6 KB

eurjpy slippage.jpg700×302 23.9 KB

My question would be…Did my broker, Russian Exness, screw me over, or does this sort of thing happen with all brokers…It’s 30 pips in 2 to 4 minutes - situation?
Thanks so much in advance to everyone that answers me :frowning:

1629

I think that’s your broker. I can’t speak for others…I use tradestation and they have very very little slippage. Very great broker. I highly recommend them. Very low pip spreads as well. Gotta be the lowest I’ve seen.

Very sorry to hear this happened to you. Very unfortunate.

1630

Thanks m8, I will check them out to transfer.

1631

Not tragic tho…I still risk very small ammounts of money,lol, 2 months since I started reading about Forex, cant expect to make serious money yet for sure :slight_smile:

1632

so is this a good setup for a sell?

uy 5-2-12.jpg700×525 64.4 KB

1633

I wouldn’t take it. For two reasons. First, and most important - I don’t believe this is mentioned in FMM’s rules as I got this rule from another system. You should probably trade these mid-term strategies only during the most active hours, which are when the Asian-London session areboth open (2am-5am Eastern) and when the New York-London session overlaps (8am-11am Eastern). 2pm-4pm Eastern works too, but has less trading activity than the overlap sessions.

Second, the price had already gone down and come back up. Sure its bouncing off the resistance, but its non-peak hours and you have a high probability of losing. Yes you might collcet pips, but put the probability in yourfavor and wait til tonight to trade. Wait and see.

This is all to be ignored if you simply mean the Blue area. Yes, that blue area is a perfect setup. Bounces directly off the top resistance and looks like Peak hours, but I can’t tell wat time zone you’re in.

1634

Yeah, slow and steady, mate. Money management is the most important concept (risk a few % of your account everyday and no more), and execution is second. You have to practice both. Execution involves understanding FMM’s strategy and then trading it consistently and perfectly to the rules. Never deviate from the rules - hence, don’t make up rules as you go along.

Also, Don’t be greedy. If you lose a trade, you get stopped out. No big deal. If you made 20 pips today, don’t get greedy and enter the market just to make more when there are no setups. You WILL lose.

Perfect practice makes perfect. Good luck.

1635

I’ll take it goodpunk if I were you, with very tight SL (5-10 pips) above upper zone.
but i’m out from market today (need to learn MM disciplines even with very small amount :slight_smile:
seems very slow movement right now. will it effect by nzd news very soon, but surely it will on mine (Asian session lol)
did you take it?

1636

i did. But for now its sideways. ill give it a few more candles

1637

the worst you could do is take it on a simulated account and see what happens. or trade with real money, too, but I seriously don’t recommend trading that USDJPY medium term until later tonight.

1638

I trade on a demo but I treat it like its my own money

1641

Hi everybody,

Today was a pretty rough day, with a couple of loses.
Here is what I traded today:

Usd/Chf Sell at 0.9110/15 -30
Usd/Jpy Sell at 80.45/50 +30
Euro/Usd Buy at 1.3185/90 and 1.3160/65 both -30
Gbp/usd Buy at 1.6175/80 +30
I still have 2 positions open:

  1. Gbp/Usd + 22
  2. Usd/Jpy + 28

I’m still in doubt if I should close both open orders.

Kind regards,

1642

Wish I could help you m8, but I only know howto for short term analysis by FMM… It’s pretty late tho, so close it if you are in the profit!

1643

Hello Traders,

Forex Signals & Analysis for 3rd May 2012:

Short Term Signals:

Usd/Chf Buy at 0.9065/70 then 0.9035/40 then 0.9000/05, sell at 0.9175/80 then 0.9200/05 then 0.9245/50

Usd/Jpy Buy at 79.80/85 then 79.65/70 then 79.30/35, sell at 80.60/65 then 80.80/85 then 81.00/05

Euro/Usd Buy at 1.3085/90 then 1.3050/55 then 1.2985/90, sell at 1.3245/50 then 1.3290/95 then 1.3340/45

Gbp/usd Buy at 1.6145/50 then 1.6120/25 then 1.6080/85, sell at 1.6250/55 then 1.6275/80 then 1.6315/20

Medium Term Daily Analysis:

Usd/Chf This pair is on uptrend, retracement at 0.9100/10, as swing buy with Tp1 0.9175/80 Tp2 High at 0.9200/05 Tp3 0.9245/50 while as breakout sell with Tp1 0.9065/70 Tp2 0.9035/40 Tp3 0.9000/05

Usd/Jpy This pair is on downtrend, retracement at 80.20/25, as swing sell with Tp1 low at 79.75/80 Tp2 79.65/70 Tp3 79.30/35 while as breakout buy with Tp1 80.60/65 Tp2 80.80/85 Tp3 81.00/05

Euro/Usd This pair is on downtrend, retracement at 1.3180/90, as swing sell with Tp1 1.3085/90 Tp2 low at 1.3050/55 Tp3 1.2985/90 while as breakout buy with Tp1 1.3245/50 Tp2 1.3290/95 Tp3 1.3340/45

Gbp/Usd This pair is trying to base on downtrend if bases below 1.6200/05 at first then confirm it with a base below 1.6185/90, sell at 1.6185/90 with Tp1 1.6145/50 Tp2 1.6120/25 Tp3 1.6080/85 while buy at 1.6200/05 with Tp1 1.6250/55 Tp2 1.6275/80 Tp3 1.6315/20

Usd/Cad this pair is mixed, buy at 0.9860/65 with Tp1 0.9905/10 Tp2 0.9925/30 Tp3 0.9945/50 while sell at 0.9860/65 with Tp1 0.9830/35 Tp2 0.9815/20 then TP3 0.9780/85

Euro/Cad This pair is on downtrend, retracement at 1.3000/05, as swing sell with Tp1 low at 1.2045/55 Tp2 1.2890/95 Tp3 1.2835/40 while as breakout buy with Tp1 1.3050/55 Tp2 1.3090/95 Tp3 1.3130/35

Gbp/Cad This pair is on uptrend, retracement at 1.5960/65, as swing buy with Tp1 1.5945/50 Tp2 1.5910/15 Tp3 1.5875/80 while as breakout buy with Tp1 1.6030/35 Tp2 1.6055/60 Tp3 1.6085/90

Aud/Usd This pair is on downtrend, retracement at 1.0345/55, as swing sell with Tp1 1.0275/80 Tp2 low at 1.0245/55 Tp3 1.0220/25 while as breakout buy with Tp1 1.0370/75 Tp2 1.0390/95 Tp3 1.0430/35

Aud/Jpy This pair is on downtrend, retracement at 82.95/00, as swing sell with Tp1 low at 82.50 Tp2 82.15/20 Tp3 81.80/85 Tp4 81.35/40 while as breakout buy with Tp1 83.40/45 Tp2 83.75/80 Tp3 84.15/20

Nzd/Usd This pair is on downtrend, retracement at 0.8120/30, as swing sell with Tp1 low at low at 0.8080/85 Tp2 0.8045/50 Tp3 0.8005/10 while as breakout buy with Tp1 0.8155/60 Tp2 0.8180/85 Tp3 0.8210/15

Euro/Jpy This pair is on downtrend, retracement at 105.75/85, as swing sell with Tp1 low at 105.00/05 Tp2 104.60/65 Tp3 104.25/30 Tp4 103.40/50 while as breakout buy with Tp1 106.55/60 Tp2 107.10/15 Tp3 107.70/75

Gbp/Jpy This pair is on downtrend, retracement at 129.95/05, as swing sell with Tp1 129.05/10 Tp2 128.70/75 Tp3 127.95/00 while as breakout buy with Tp1 130.80/85 Tp2 131.25/30 Tp3 131.80/85

Chf/Jpy This pair is on downtrend, retracement at 88.00/05, as swing sell with Tp1 low at 87.35/40 Tp2 87.05/10 Tp3 86.70/75 Tp3 86.00/05 while as breakout buy with Tp1 88.70/75 Tp2 89.15/20 Tp3 89.65/70

Gold is tring to base on downtrend if bases below 1655/56 then confirm as it bases below 1651/52, as swing sell with TP1 1641/42 TP2 1636/37 then TP3 low at 1627/28 while as breakout buy with TP1 1665/66 TP2 High at 1671/72 Tp3 1679/80

Oil is on uptrend basis, retracement at 105.25/30, as swing buy with TP1 High at 106.10/15 Tp2 106.55/60 Tp3 107.10/15 while as breakout sell with TP1 104.60/65 Tp2 104.25/30 Tp3 103.65/70

We have Crucial News Releases today for the Kiwi, Sterling, Euro, & Dollar Currencies:

  • NZD Employment Change & Unemployment Rate(Pardon me for the mistake for this news time of release yesterday, it’s for today set to be announced at around 30 minutes from now): Buy Nzd/Usd if 0.5% or better for the first or/& 6.3% or better(like 6.2%) for the second while sell if 0.3% or worse for the first or/& 6.4% or worse(like 6.5%) for the second

  • UK Services PMI: Buy if 56 or better while sell if 52 or lower

  • Euro ECB Rate Decision & President Mario Draghi talks: Buy Euro if rate increased to 1.25% or/& Draghi talks are hawkish while sell if cut to 0.75% or/& Draghi talks are Dovish

  • US Unemployment Claims: Buy Usd/Chf & Usd/Jpy if 365K or better while Buy Euro/Usd & Gbp/Usd if 400K or worse

  • US ISM PMI: Buy Usd/Chf & Usd/Jpy if 57 or better while Buy Euro/Usd & Gbp/Usd if 53 or worse

Have A Great Trading Day

1644

Utah, confirmation is definitely more important. So far all my trades have been a few pips above (long)/below (short) FMM’s entry price.

1645

Hello, i still have a entry on Eur-Usd opened 1.3150 on this morning but right now i got only +2pip.Im thinkin its better close him.What u guy think about this.Thanks.

1646

I’d close, and prepare for tomorrow/tonight’s trading. Just my thoughts. SPend less emotion/energy on that trade and prepare your charts and your emotions for tomorrow/tonight.

1647

thanks for the reply deadalus, i was closed too.

1648

Tomorow we got 6 impact news, im new with this strategy, any tip how avoid loss w those news?

1649

Don’t close. TP 1.3170 is my predict.