Forex Buy & Sell Trading Signals

Commercial Content Trading Signals
187

You are correct - trading the breakouts would help with current conditions, but I trade most of these retracement levels using limit orders with only minimum screen management, whereas (correct me if I’m wrong) to trade the breakout, one would have to observe price action at the breakout level. Maybe it would be safe to set limt orders, perhaps I’ve just suffered too many false breakouts in the past. What is your opinion?
Anyway, I have just a single trade to report today (which actually triggered yesterday late evening). And yes, it’s another with-the-trend retracement on my favourite pair.

BUY GBP/CHF @ 1.4004 (retracement level). TP @ 1.4070 (first target) for [B]+66 PIPS[/B]

As I have said before, it would be great to hear from other traders on their results. I have had great success so far, and I find these signals very accurate. On the GB/CHF trade above, both the entry and exit was pretty much pip-perfect, so thank you for all your time and effort posting these signals.

Dave

188

A very mixed day for me today. I placed quite a few pending orders at retracement levels, thinking that maybe a couple would trigger, but they all triggered, leaving me with too many trades to manage (I live and learn).

SELL EUR/USD @ 1.3555 Retracement. SL hit @ 1.3605 for -50 PIPS
SELL EUR/JPY @ 104.00 Retracement. SL hit @ 104.50 for -50 PIPS
SELL NZD/USD @ 0.7800 Retracement. TP hit @ 0.7700 for +100 PIPS
SELL EUR/GBP @ 0.8700 Retracement. Closed @ BE for 0 PIPS (I’m slowly going off this pair…)
BUY USD/CHF @ 0.8995 Retracement. SL hit @ 0.8945 for -40 PIPS
BUY USD/CHF @ 0.8934 (S/T buy signal). Closed @ 0.8958 for +24 PIPS
BUY USD/CAD @ 1.0280 Retracement. TP hit @ 1.0380 for +100 PIPS
SELL GBP/JPY @ 119.20 Retracement. SL hit @ 119.82 for -62 PIPS

Total [B]+22 PIPS[/B]
Hope other traders had a better day!

Dave

189

Hello Traders,

Forex Signals & Analysis for 30th September 2011:

Short Term Signals:

Usd/Chf Buy at 0.8895/00 then 0.8865/70 then 0.8810/15, sell at 0.9035/40 then 0.9070/75 then 0.9120/25

Usd/Jpy Buy at 76.30/35 then 76.10/15 then 75.80/85, sell at 77.15/20 then 77.35/40 then 77.70/75

Euro/Usd Buy at 1.3485/90 then 1.3435/40, sell at 1.3705/10 then 1.3755/60

Gbp/Usd Buy at 1.5505/10 then 1.5450/55, sell at 1.5740/45 then 1.5800/05

Medium Term Daily Analysis:

Usd/Chf This pair is still on uptrend, retracement at 0.8970, break is to our short term buy signals with good support at 0.8800/10, while on the upsdie is toward our short term sell signals

Usd/Jpy This pair is still moving sideways, above 76.70 toward 76.85, break is to target our short term sell signals while below 76.70 is to target 76.55/60, below would target our short term buy signals and low is at 76.00/10

Euro/Usd This pair is still on downtrend with an overall sideways movement, below 1.3570/75 is toward our short term buy signals while a base above is toward 1.3710/20, above here would base this pair on uptrend

Gbp/Usd This pair is moving sideways with an overall sideways movement, above 1.5600 toward 1.5730/40, above here would confirm uptrend toward 1.5800/10, while break of 1.5600 is to target 1.5570/75 then below is to our short term buy signals

Usd/Cad This pair is still on uptrend, retracement at 1.0310/15, break is to 10245/50 then 1.0190/00 must hold, while high is at 1.0435/40, above would more power the trend toward 1.0480/85

Nzd/Usd This pair is still on downtrend, retracement at 0.7755/60, break is to 0.7845/50 then 0.7890/00 must hold, while low is at 0.7600/10, below here is to extend weakness to toward 0.7545/50

Euro/Chf This pair is still on uptrend, retracement at 1.2180/85, break is to 1.2170/75 then 1.2160 then 1.2135/40, while on the upside to target 1.2230/35 then 1.2235/40 then 1.2250/55

Gbp/Chf This pair is still on uptrend, retracement at 1.3960/70, break is to 1.3935/40 then 1.3895/00, while on the upsdie above 1.4010 toward 1.4070/75 then 1.4095/00 then 1.4130/35

Euro/Gbp This pair is stil lon downtrend with an overall sideways movement, retracement at 0.8715/20, break is to 0.8745/50, above here would target 0.8775/80, while low is at 0.8610/20 with supports on the way at 0.8660/65 then 0.8645/50

Aud/Usd This pair is still on downtrend, retracement at 0.9805/10, break is to 0.9900/10 then 0.9960/65, while on the downside low at 0.9560/70 with supports on the way at 0.9660/65 then 0.9605/10

Euro/Jpy This pair is moving sideways, above 104.10/15 is toward 105.35/40, break would confirm uptrend toward 105.85/90, while below 104.10/15 is toward 103.90/95, break is to target 103.15/20 then 102.55/60

Gbp/Jpy This pair is moving sideways, above 119.60/65 is toward good resistance at 120.85/95, above here would confirm uptrend targetting 121.30/35 then 121.90/95, while below 119.60/65 is to target 11.50/55 then possibly 117.75/80

Oil is still on downtrend, retracement at 82.95/00, break is to 83.95 then 85.45/50 and possibly 86.55/60, while below retracement is to target 82.40/50, below here is to target 79.55/60 then low at 79.00

Gold is still on downtrend, retracement at 1627/28, break is to 1642/43, above here is toward 1647/48 then 1663/64 and possibly 1687/88 that must hold, while low is at 1572/73, break would extend weakness toward 1558/59 then 1534/35

We have an Important News release for the Canadian Dollar currency:

  • CAD GDP: Buy Usd/Cad if 0.1 or below while sell if 0.5 or above

***Other news release to keep close look at is for the Chf currency “KOF Economic Barometer”, a positive or negative number would accordingly move the market with some volatility from many days of tight range espoecially for Euro/Chf which is a Good pair to trade if you are a scalper for 10-20 pips, you’ll enjoy gaining every around 30 minutes buying below then selling above & vice versa or if you only like to buy this pair you can always buy below waiting for possible intervention by SNB as rumors had increased about possible peg above 1.2500 price level.

As you had realized traders, recent pairs movements(mostly sideways) had been best for breakout strategy, and buy lower sell higher usually at first short term sell & buy signals, market is not at best situation for trend strategy but you can still gaingood money by trading accurately this strategy with tight SL.
Being Adaptable to all market conditions by being a manipulator trading different strategies(exiting a failure strategy and joining the winning day strategy) according to those conditions would make you a Real Trader.

Have A Great Trading Day

190

Yes, breakout strategy, & buy lower, sell higher as mentioned in my today post are best for current market conditions(sideways).
I like to know what caused you to face many false breakouts at past, for me to be able to accurately help you trade this strategy well in the present & future.
Mainly, a false breakout strategy occur in the range of 10 pips from retracement, meaning for example if retracement for uptrend is at 0.7020/25, and market price broke this level to be a successful breakout it must break below 0.7010
Mostly, market price mustn’t directly break the retracement level at first hit or test but after many tests(at worst the second test). Surely, price action have a big impact in breakout strategy, you must learn to feel or see the flow or high volatility before breakout occur. Sometimes a breakout strategy can be performed easily even with set limit orders, especially in current such market conditions, but this is not an always market situation.
In my opinion, trading breakout strategy as set limit orders or directly entering at retracement(support or resistance) would lead in the long run at best case to a 50-50 win-loss situation, so best is to try perfecting this strategy and nothing is better than starting with testing your judgment of breakout entries on a demo account first before going live.
A tip for this strategy is to watch the trend retracement price level, if market price is going toward retracement from far way(many pips) then it would more favorable bounce after hitting it for many good number of pips.
Meaning if for example market price had been playing near retracement for days then there’s a more probability for a breakout strategy because the retracement level had been exhausted by many tests.
For example, if market price is at 0.7000 and retracement is at 0.7090 for downtrend, there’s a big % that market would retrace big number of pips after hitting this level while if it is at 0.7020, the probability of breaking is much more higher.
Also take in consideration psychological levels as 00, 50 while trading this or any other strategy when entering an order, since those levels mainly hold well before penetration.
Briefly, when there’s no real distance bt. retracement & market price then sideways movement would be the ruler, so trend strategy would not best apply.

Best Luck Dave

191

Yesterday orders you executed prove what I had said about buying lower, selling higher form most pairs, & your successful retracement trending trading came for pairs that are really trending as Kiwi & Canadian dollar vs the dollar currency
Choosing what pairs to trade have big influence on your results later on, because searching what pair had been moving smoothly as trend movement for many days would lead to best retracement trading results.
Euro/Usd, Euro/Jpy, Gbp/Jpy, Euro/Gbp, Usd/Chf which you had losses in trading them at retracement were all for past days playing the sideways game as you can check my past posts, all were changing trend direction within a single day then closing within the trend, this means sideways movement. While breakout strategy for same pairs had been very successful.
You well remember how many times yen pairs successfully broke to the upside in past few days so buying below or at breakout were best and still to trade with accuracy. Same can be said about Euro/Usd & Gbp/Usd.
But what is true for today can not be for tommorow since each day have its special condition, so a trader must be ready forall.

Trade Smart & Safe

192

Thank you for all your advice and feedback with respect to my trading of these signals. I very much appreciate it.

I only had a single trade today:
SELL AUD/USD @ 0.9805 Retracement. Closed 2/3 position @ 0.9727 (78 pips) and final 1/3 @ 0.9715 (90 pips)

Total net [B]+82 PIPS[/B]

That brings my total for this week’s trading to [B]+546 PIPS[/B] (or about +9.7% ROI). Fantastic.

My aim next week will be to introduce the ST signals into the mix. A quick glance at today’s charts shows there was a maximum of 50 pips to be had on the ST EUR/USD buy, 80 pips on the USD/JPY buy and 40 pips on the USD/CHF sell. So a lot of missed pips has caught my attention. I will also paper-trade some of the breakout levels if and when I am at my charts to catch them.

Thank you.

Dave

193

You are Welcome Dave. I try my best to daily(minus weekend, leave 2 days for me to rest) present to all traders around the world the best possible forex accurate signals & analysis to help all gain good daily money.
All with no ask for a thank word but if traders like to thank me time to time I’ll not say no,but appreciate that, maybe such thank word would make me feel some over excited as if I am a hero and decrease spending of excitement pills…lol

Back to Forex, Good choice to trade the Aud/Usd, could had let gains little more run but that’s okay no need to milk pips till end, sometimes this thinking helps.
There were many other pairs with great success and compatibility with my post but anyway you can’t always perfect trades for each day. Most important is being happy with gains without being greedy for more…
A trading hint: other than first, second, third targets or low & high to take profit at, remember that Medium Term strategy take profit starts at 50 pips then 100 then 150…with SL at 50 to 100 and SL for a gaining order is for example if you have 100 pips gain and market price didn’t continue to 150 pips you TP at 100, same if 50 pips and market price didn’t continue to 100 but reversed so you take at 50, while if market price didn’t reach 50 pips you can TP bt. 10-50, ofcourse you can also TP at 70-80 or 120-130 and so on… taking in consideration targets price levels besides your overall judgement as price action too
The Short Term Signals are very successful & I advice new traders to use them for trading because they are much easier to understand with a little focus at this strategy rule I explained about in yesterday post.
About today success, Euro/Usd had first signal around 55 pips gain, second signal around 20 pips, while Usd/Chf first signal around 50 pips while second with around 40 pips.
Take Note traders that for the long term profitability with low risk, this strategy TP is bt. 10-30 pips, SL with same 10 to maximum 30 pips, but surely traders can set any TP & SL as they want especially if they have some forex experience and know how to judge price action, besides if the signals are compatible with the Medium Term Daily Analysis as the ST signal targets equal to MT Strategy low or high, so that would be a clear signal to keep TP to 100 or more pips
Some traders do not trade fridays, but personally I like this day for trading because of high volatility despite said called risky day but if you trade accurately you’ll never go wrong.
Today was a Very % winning traders and big money gains for many pairs with different strategies used.

For you Dave, Good Accomplishment for weekly pips gain. Hopefully, many other traders are doing the same but maybe shy to post here, so I invite them to do the same as you for all traders to share their opinions, views and results whatever they are.
I advice you to not set a goal or aim for any week, trade each day with no previous perspective, so you decrease stress by not pressuring yourself to gain certain number of pips. Just trade according to what the market afford you from good entries compatible to my daily signals & analysis.

It’s time for big party after another very profitable week.

Have A Great Night Traders

194

Hello Traders,

Forex Signals & Analysis for 3rd October 2011:

Short Term Signals:

Usd/Chf Buy at 0.8970/75 then 0.8915/20, sell at 0.9135/40 then 0.9160/65 then 0.9240/45

Usd/Jpy Buy at 76.45/50 then 76.15/20 then 75.85/90, sell at 77.40/45 then 77.60/65 then 78.00/05

Euro/Usd Buy at 1.3280/85 then 1.3235/40, sell at 1.3580/85 then 1.3670/75

Gbp/Usd Buy at 1.5495/00 then 1.5455/60, sell at 1.5680/85 then 1.5725/30

Medium Term Daily Analysis:

Usd/Chf This pair is still on uptrend, retracement at 0.9040/45, break is to 0.9010/15, below would target our short term buy signals while above is toward our short term sell signals and high is at 0.9180/90

Usd/Jpy This pair is still basing on uptrend, retracement at 76.85/90, break is to 76.60/65, below here is toward our short term buy signals, while on the upside toward our short term sell signals and high at 76.65/70

Euro/Usd This pair is still on donwtrend, retracement at 1.3455/60, break is to 1.3520/30, above here to target our short term sell signals and 1.3665/75 must hold, while low is at 1.3280/90, below would extend weakness to 1.3230/40

Gbp/Usd This pair is still moving sideways, below 1.5550 is toward our short term buy signals, while above 1.5580/85 is toward our short term sell signals

Usd/Cad This pair is stil on uptrend, retracement at 1.0400/05, break is to 1.0360/65 then 1.0295/00, while high is at 1.0535/45, above here would more power the trend toward 1.0570/75 then 1.0600/05

Nzd/Usd This pair is still on downtrend, retracement at 0.7690/00, break is to 0.7745/50 then 0.7780/85 and 0.7820/30 must hold, while low is at 0.7530/40

Euro/Chf This pair is moving sideways, below support at 1.2130 is toward 1.2100/05 then 1.2080/85, while above resistance at 1.2165/70 is to 1.2185/90, above here would target 1.2205/10 then 1.2235/40 and possibly 1.2270/75

Gbp/Chf This pair is still on uptrend, retracement at 1.4090/95, break is to 1.4015/20, while above resistance at 1.4180/90 would more power the trend toward 1.4230/35 then 1.4270/75 and possibly 1.4380/85

Euro/Gbp This pair is still on downtrend, retracement at 0.8630/40, break is to 0.8685/95 that must hold, while a base below low at 0.8570 would extend weakness targetting 0.8520/25 then possibly 0.8490/95

Aud/Usd This pair is still on downtrend, retracement at 0.9735/45, break is 0.9795/00 then to 0.9845/55, while low is at 0.9480/90 with supports on the way as 0.9585/90 then 0.9555/60

Euro/Jpy This pair is back to downtrend with an overall sideways movement, retracement at 103.45/50 break is to 103.65/70, above here is toward 104.95/00 then 105.45/50 must hold, while on the downside to target 102.35/40 then 102.05/10

Gbp/Jpy This pair is still moving sideways with uptrend basis, retracement at 119.80/85, break is to 119.20/25, below here to target 118.80/85 then possibly 118.25/30, while on the upsdie toward 120.65/70, above here would power the trend to target 121.10/15 then 121.60/65 and possibly 122.50/55

Oil is still on downtrend, targetting low at 77.20/30, below here would extend weakness to 76.40/45 then 75.35/40, while retracement at 80.10/20, break is to 81.70/80

Gold is still on downtrend, retracement at 1628/29, break is to 1644/45, above here would target 1657/58 then 1673/74

We have 2 Important nNews Releases today for the Sterling & Dollar Currencies:

  • UK Manufacturing PMI: Buy Gbp/Usd if 51 or above while sell if 47 or below

  • US ISM Manufacturing PMI: Buy Usd/Chf & Usd/Jpy if 53 or above while Buy Euro/Usd & Gbp/Usd if 48 or below

  • I would also keep close look at Chf retail sales and SVME PMI numbers that must effect this currency.

**Traders, do not take the forex market too seriously, as if there’s something logic going there. Nothing is logical, just enjoy trading according what my daily analysis tell you and minimize risk in such mad market situations that even charts get crazy with such moves.
We currently have Euro/Usd at 1.33, despite all EuroZone problems but what about the US debt problem that is just postponed not solved.
If this pair is at this level with low rates till mid-2013 by Bernanke Fed then what would it be if bernanke decide to raise rates, we’ll get Euro/Usd at 1.000 or below. I am telling you, for each situation its time, now the momentum is downward for this pair, maybe today or tomorrow it would start upward for another nonsense reason like markets and all forex tv stations heading to talk & remind about the US debt problem or they’ll create any story to start a Euro upward movement.
Germany and its merkel who i do not know if she’s the real president…lol is the main problem of the Eurozone besides some countries as Greece which must be removed from this zone to a better Euro future and GDP would improve fast.
Hitler must be crazy in his grave seeing germany led by such lady(this word just for respect…lol).

Have A Great Trading Day

195

Hi I am new to fx and I have been watching and reading your thread I would just like to say thanks for all the info you provide. I am going to demo trade your signals and see how it goes. I was wondering can you point me in the right direction of a good mentor. Of course your signals are very good but I would like to learn how your doing this. Any pointers on where I should start my learning

Happy trading to all

Graham

196

Hi is there anyway to contact you so we can chat if you have time?

Hi dave I see you have been following these posts and trading with them is it possible we can chat also?

Thanks
Graham

197

Today, I had two trades that triggered on the retradement levels that I was watching. Unfortunately, I forgot about the GBP news that was mentioned, otherwise I would not have not have traded them. Therefore, following the news spike which triggered my trades, I placed a tight stop.

Sell EUR/GBP @ 0.8630 Retracement. Closed @ 0.8601 TS hit for +29 pips
Buy GBP/CHF @ 1.4095 Retracement. Closed @ 1.4134 TS hit for +39 pips

Total [B]+68 pips[/B]

Dave

198

Hello Traders,

Forex Signals & Analysis for 4th October 2011:

Short Term Signals:

Usd/Chf Buy at 0.9085/90 then 0.9030/35, sell at 0.9280/85 then 0.9305/10 then 0.9400/05

Usd/Jpy Buy at 76.20/25 then 76.00/05, sell at 77.20/25 then 77.50/55 then 77.80/85

Euro/Usd Buy at 1.3070/75 then 1.3020/25, sell at 1.3365/70 then 1.3455/60

Gbp/Usd Buy at 1.5350/55 then 1.5320/25, sell at 1.5570/75 then 1.5640/45

Medium Term Daily Analysis:

Usd/Chf This pair is still on uptrend, retracement at 0.9120/25, break is to 0.9050/60, while high is at 0.9245/50, break would more power the trend toward our short term sell signals

Usd/Jpy This pair is still moving sideways, below 76.55/60 is to target our short term buy signals and low is at 76.00/10, while above 76.70 is to 76.80, a base above is toward our short term sell signals

Euro/Usd This pair is still on downtrend, below 1.3160/70 is toward our short term buy signals, while retracement at 1.3320/30, break is to 1.3450/60

Gbp/Usd This pair reversed again to downtrend, affected by Euro weakness, retracement at 1.5510/20, break is to our short term sell signals, while on the downside to our short term buy signals and low price level is at 1.5300/10

Usd/Cad This pair is still on uptrend, retracement at 1.0460/65, break is to 1.0440/45 then 1.0390/95 then 1.0350/55, while high is at 1.0610/20 with also resistance at 1.0595/00

Nzd/Usd This pair is still on downtrend, retracement at 0.7600/10, break is to 0.7630/35 then 0.7680/85 and possibly 0.7720/25, while low is at 0.7435/40 with support at 0.7465/70 on the way, below would extend weakness toward 0.7365/70

Euro/Chf This pair is still moving sideways, below 1.2120/25 is to target 1.2105/10 then 1.2090/95 and possibly 1.2065/70, while above 1.2155 is to 1.2170/75 then 1.2185/90, break is to 1.2205/10

Gbp/Chf This pair is still on uptrend, retracement at 1.4140/45, break is to 1.4080/85 then 1.40445/50 and 1.4020/25 must hold, while high is at 1.4225/30, break would more power the trend toward 1.4290/95 then possibly 1.4320/25

Euro/Gbp This pair is still on downtrend, below 0.8530/35 would extend weakness toward 0.8485/90 then 0.8460/65, while retracement at 0.8595/00, break is to 0.8625/30 then 0.8670/75

Aud/Usd This pair is still on downtrend, low at 0.9380/85 with supports on the way at 0.9440/45 and 0.9405/10, while retracement at 0.9630/40, break is to 0.9680/85 then 0.9755/60

Euro/Jpy This pair is still on downtrend, low is at 100.70/75, below would extend weakness toward psycological level at 100 and increase possibility of intervention or a big spike, retracement at 102.15/20 break is to 103.00/10 then possibly 103.95/00

Gbp/Jpy This pair is back to downtrend, retracement at 118.85/95, break is to 120.15/25, while on the downside to target 117.15/20 then 116.70/75

Oil is still on downtrend, low at 75.50/60, below would extend weakness to 74.75 then 74.00, while retracement at 78.35/45, break is to 79.30/40 then 80.50/60

Gold is trying to break downtrend to uptrend, above 1670 is to 1681/82 then 1692/93 and possibly toward 1719/20, while below support at 1648/49 is keeping downtrend momentum toward 1620/21 then 1603

We have Very Important News Releases today:

  • UK Construction PMI: Buy Gbp/Usd if 53 or above while sell if 49 or below

  • AUD RBA Rate Statement: Buy Aud/Usd if rate is increased from current 4.75% while sell if decreased, expectation that current rate would be kept, so would focus on RBA statement if dovish or not

Also, ECB President Trichet would speak & Fed Chairman Bernanke would Testify, so traders must keep close look at what they would say because that must surely effect the markets.

I am seeing some kind of unusual market movement happening especially for yen pairs that might lead to intervention if market price for those pairs do not retrace to the upward fast but kept collapsing especially Euro/Jpy that is dragging the other yen pairs downward with it

Have A Great Trading Day

199

Thanks for the compliment. There’s no better place to start learning forex than here at babypips which contain many useful
forex info for beginners. Check the school tab, you’ll learn a lot.
Start using my posts info by trading on demo account till you well know how it works, by also reading both short & medium term strategies trading rules found at first posts of this thread and enlightened at in many posts within this thread.
I would like to mentor you but have no time for chatting, maybe other members as Dave might do that if they like.
I can just help you here when you have any question regarding my strategies or anything about forex.

Good Luck

200

You early took TP for both orders, must had kept gains running for much bigger pips(at least at first targets) especially that entry price was perfect.

The GBP News helped your orders to be triggered since market price couldn’t had reached retracement level that fast and then gains instantly started…

Ofcourse, many other entries for other pairs were very successful besides successful trades for the Short Term signals,
especially for Gbp/Usd & Euro/Usd both buy signals for each pair with above 50 pips each

Good Luck

202

I am new to babypips and would like to, first off, thank you for your daily analysis. I have been watching it closely. Could you please explain your comment above. Im not sure how yesterdays analysis you provided would have triggered any buy signals for profit on the EUR/USD pair. Your short term signals said to buy at 1.3280 and then 1.3235. Had I bought at any of these levels it would have been a losing trade to date. I appreciate your time and comments.

Justin

203

Hi, for your Medium Term Daily Analysis, what time frame are you on ? Thanks in advance.

204

Hello Justin,

Maybe you didn’t yet understand my short term signals trading that say TP is at 10-30pips(sometimes much more up to 100 if compatible with medium term low or high).
Yes, if you want to talk like this: looking today where price is, ofcourse it’s much down than those signals level but those signals do not work as buy or sell and leave, but according to specific TP, besides crucial rule that say you do not buy or sell if market price for any of the 4 major pairs I post comes near to my signal and didn’t directly hit it but retraced then exactly tested it, so you do not trade tests but only bounces.
About yesterday Gbp/Usd & Euro/Usd signals, if you go back to the 5 or 15 minute chart of each pair to more cleary see what happened in the market for both.
For the first, First buy signal was at 1.5495/00, market price had hit 1.5491 then kept going upward to as high as 1.5586
so that is much more than the TP 10-30 so you had much more freedom to close at any big pip gain you want.
Even after market price collapsed from that high during Sterling news release, it had hit 1.5483 then again went up to 1.5550.
I do not know what more time a trader must need more than that to close a 1.5495/00 Buy order at big gain.
Second buy was at 1.5455/60, market price had hit 1.5450 then kept going upward to 1.5482 before it collapsed to below price, so again this is a 10-30 pips gain.
For the latter, Market price had hit 1.3286(near signal buy at 1.3280/85, so you could have not executed an order) then went up to 1.3297, then went again to the buy order hitting 1.3283 and again retraced to 1.3297, third time hit 1.3280 then went up to 1.3292, so I believe that even if you had set a pending order, it was a above 10 pips gain in worst case.
While the Second signal Buy at 1.3235/40, I think all traders well remember that market price had hit 1.3237 then went up to as high as 1.3285, even if you kept the first signal order open and also bought again at the second signal, you could had closed both at 1.3285( in worst case if you like)
I think this explanation is enough to clearly show with proofs how high compatible the signals are with what daily happens in the markets & traders who use those signals well know that with their daily good gains.
So, I believe my previous post talk above 50 pips for each was really shy from my side since as I now showed how much more gains were in traders hands who use my signals.
You took my expensive time with long explanation, but anyway good question for all traders to understand how this strategy work, and you’re welcome on this thread with any further questions.

Have A Great Trading Day Justin

205

Hello Erham,

I believe this is a very easy question that you just have the answer within your question: "Medium Term “Daily” Analysis"
Meaning this is a Daily Time Frame Strategy.

Best Luck Erham

206

ForexMoneyMaker you are right - both these trades should have been held open for much larger gains, and it was only the fact that I had tightened my stops too much because of the news event that led to an early TP.

Justin, I suggest you paper-trade these signals for a while and see how they can help you. I did this for 3 weeks by placing all the buy/sell/break/high/low levels on my charts (all pairs) then I reviewed each chart at the end of that trading day. Many times, the ST signals, retracement levels and targets are pip-perfect.

I have been trading with real money now for about 3 weeks with much success but I am still learning. You need to understand the terminology (break above/below, basing above/below etc), and also realise that the ST signals that are [U]against[/U] the overall trend are just bounces so no need to be too greedy. The great thing with these signals is that they normally keep you on the right side of the market, so even if you make mistakes like me, you come out on top.

I use MT4 for my charts (but not for my trade orders) and I place every signal level on my charts before each start of day. I use an indicator that alerts me when price gets near (15-20 pips) to any of these lines. I also set pending orders at the retracement levels, as I am finding these can be traded almost set-and-forget. Breakouts and bounces can only be traded when you are watching price action. I have clean charts - no oscillators or anything, just the levels and I keep them all on the 1 hour timeframe so I can see the overall picture. For an ST buy/sell or breakout I would drop to a 5 min TF to get the entry.

Hope the above helps.

Dave

207

Fantastic posts here. Just a quick question really on the EUR/USD - Are you expecting a swift downtrend based on news with a positive retrace up to the 1.33/4 mark and what time frame are we talking within 24 hours or longer?

Sorry if I have missed the point - I’m still getting to grips with Forex.