Forex Buy & Sell Trading Signals

Commercial Content Trading Signals
228

Hello Traders,

Forex Signals & Analysis for 13th October 2011:

Short Term Signals:

Usd/Chf Buy at 0.8840/45 then 0.8995/00, sell at 0.9105/10 then 0.9180/85 then 0.9255/60

Usd/Jpy Buy at 76.25/30, sell at 77.85/90 then 78.15/20 then 78.85/90

Euro/Usd Buy at 1.3580/85 then 1.3480/85, sell at 1.3925/30 then 1.3985/90

Gbp/Usd Buy at 1.5535/40 then 1.5440/45, sell at 1.5885/90 then 1.5950/55

Medium Term Daily Analysis:

Usd/Chf This pair is still on downtrend, retracement at 0.9020/30, break is to 0.9110/20, above would target the other short term sell signals, while on the downside to target our short term buy signals

Usd/Jpy This pair is on uptrend today, above high support at 77.20 targetting our short term sell signals, while break is to retracement at 76.95/00, break is to 76.80/85, below here to target 76.65/70 then to our short term buy signals

Euro/Usd This pair is still on uptrend, retracement at 1.3680/85, break is to our short term buy signals with in between support at 1.3540/50, while high is found at 1.3870/80, above would extend power toward our short term sell signals

Gbp/Usd This pair is still on uptrend, retracement at 1.5665/75, break is to 1.5570/80 good support, below would target our short term buy signals, while high is at 1.5820/30, above would power the trend targetting our short term sell signals

Usd/Cad This pair is still on downtrend, retracement at 1.0240/50, break is to 1.0325/35, above would target Good Resistance at 1.0360/70, while on the downside to target 1.0060/70 then 1.0010/20

Nzd/Usd this pair is still on uptrend, retracement at 0.7860/70, break is to 0.7840/45, below would target 0.7740/45, while on the upsdie to target 0.7990/00, above would more power the trend toward 0.8085/90 and possibly 0.8150/55

Euro/Chf This pair is still on uptrend, but must keep base above retracement at 1.2350 to keep current trend movement targetting 1.2415/20 then 1.2455/60 and possibly 1.2490/00, while on the downside to target 1.2300/05, below is toward 1.2285/90 then 1.2260/70

Gbp/Chf This pair is still on downtrend, retracement at 1.4140/50, break is to 1.4190/00 Good Resistance, above here would target 1.4240/45 and possibly 1.4290/00, while support is at 1.4070/80, break is toward 1.4015/20 and possibly toward 1.3980/85

Euro/Gbp This pair is still on uptrend, retracement at 0.8730/35, break is to 0.8720 then 0.8700/05 nad possibly toward 0.8670/80, while on the upsdie toward 0.8785/95 then 0.8810/15 then 0.8830/40

Aud/Usd This pair is still on uptrend, retracement at 1.0020/30, break is possibly toward Good Support at 0.9860/70, while on the upside toward 1.0335/40 then high at 1.0355/60, above would power the trend toward 1.0415/20

Euro/Jpy This pair is still on uptrend, retracement at 105.35/40, break is to 104.15/20 Good Support, while on the upside would find resistance at 106.65/70, above would more power the trend toward 107.20/30, above here would extend gains to target 108.00/10 then 108.75/80

Gbp/Jpy This pair is still on uptrend, retracement at 120.60/70, break is to Good Support at 119.50/60, while on the upside would face resistance at 121.85/95, above would more power the trend to target 123.40/45 then 124.20/25

Oil is still on uptrend, retracemnt at 84.45/50, break is to 83.75/80 then 83.20/25 then 82.00/10, while on the upsdie toward 86.55/60 then

Gold is stil on uptrend, retracement at 1668, break is to 1655/56 then 1652/53, below would target 1644/45 and possibly 1628/29, while would face resistance at 1679/80, above would power the trend toward 1697/98 then 1707/08 and possibly 1723/24

*** Japan Finance Minister Jun Azumi previous 2 days talks about consulting the US to consider buying Euro zone Bonds, and looking at G20 Finance Leaders Meeting on friday to stabilize the market leading to weaken the yen which effects helping in the Japan Economy Growth, came to fast results yesterday because this idea of Euro Powering would always weaken the yen as I explained in past posts.
Some traders might see that this would prove that there’s no necessary for Intervention by BOJ at such fast weakening of the yen, but we can never say Intervetion have ended because currently might be a 2 sword weapon, since Intervention would have Great Benefit as giving the last hit or punch of death for the yen by setting it at high levels far of historic lows as above 112 for Euro/Jpy, above 125 for Gbp/Jpy and Above 80 for Usd/Jpy in no time and with market stability added to the equation by EuroZone Debt finalize solution such price levels would be defended for the future from any downward movement that had been occuring like after August Intervention market price for yen pairs collapsing again in few days…
Besides I would like to remind traders of my past tip on this thread about the magic new relation or if you can name it new correlation bt. the Swiss France & the Yen Currency.
As you had realized, as much as the yen weaken as much as the Chf powers(And vice versa) becasue the money removed from the yen is added or transfered to the Chf in the name of safe haven currency. Ofcourse, this is happening as the Rat and Cat game, since traders are still afraid of SNB more intervention especially that Euro/Chf is yet not that far of the 1.2000 peg level set my SNB with also talks about new peg at 1.25 or even 1.30
So, the time of both Chf & yen weakening together would be very important & a turning point for a new formula for this ridiculous named safe haven bt. Yen & Chf. This can be achieved only by traders renewing confidence in the Dollar & Euro Currencies, so money is back added there instead of safe haven currency,
Certainly, this is more complicated formula to be understood and become reality becasue as correlation also prove the life long(till now) formula of Euro/Usd up then Usd/Chf down & Vice Versa, but will see what the near future is hiding for us from new formula.
I know that traders might be saying: “Enough, you are making us too much headeche with your complicated forex philosohpy” So better keep your headeche for today trading and Good Luck.

Have A Great Trading Day

229

Some pairs do not always move smoothly, so it is best to smartly choose the best pairs to trade according to past price action. As you realized Gbp/Chf had started a downtrend movement and despite more than usual retracement with also breakout that didn’t continue because market price again respected the trend direction movement.
This happens sometimes and it is within the overall Forex Gameplay.
In between, at least 22 pips(bt. 1.4210/20 & your buy order 1.4242) to enter a breakout is too much, 10 pips is reasonable
Anyway, as I had advice you before to not trade the breakout strategy unless you near perfect it on a demo account.
You mainly do Good Job trading the retracement strategy so keep trading accordingly and keep tight SL when a breakout appear. As you realize that most pairs are easily moving according to the trend so retracement had mostly been perfect to trade.
Certainly, Exits are the most difficult part in forex trading and when you master it that would be a huge step to Big Success.
All this only come with many years of experience. So try to have patience and daily work with persistent and you’ll be rewarded in the long run.

I believe that I’m providing traders with full info for many targets(mainly 3) to best have clear exit idea at where to clsoe your order as much as simple entries for where to buy & sell…

230

Surely, Yesterday was A Great Day with Big Big Gains trading the trend for many pairs after hitting retracement and continuing in same trend direction.
As market price had shown much more gains could had been reached with outstanding huge movements but Great Job Dave that you worked according to the specific targets for each pair without being greedy.
This is how you’ll keep gaining on the long run by sticking to the Strategy TP & SL Rule.

I believe you meant the Euro/Chf pair bought at retracement 1.2365 but it seem that you had entered the trade after market price had hit 1.2368 in early hours then went to 50 pips gain before reversing and breaking at another test the retracement. Anyway, those things happen & I do not think that you must be that concern about this pair because of the SNB peg but not bad to tighten your loss if you see price action against you further on since you’ll always have new Good opportunities for this or many other pairs to trade.

Best Luck

231

Another good day, but not without some frustrations. My market orders for both GBP/USD and EUR/USD (at retracement levels) didn’t trigger - both missed being filled by just a single pip! So I missed out on two of the best moves today, each would have netted over 100 pips.
I do still have open trades on EUR/JPY, GBP/JPY, USD/CHF, EUR/GBP and USD/CAD (all retracement entries) and currently they add up to about 170 pips so not bad.
(Reminder to self: Add spread to buy signals…)

Dave

P.S. I am thinking of paper-trading the Gold and Oil signals for a month or so. Can you suggest realistic stop loss sizes for both these.

232

Hello Traders,

Forex Signals & Analysis for 14th October 2011:

Short Term Signals:

Usd/Chf Buy at 0.8900/05 then 0.8865/70 then 0.8810/15, sell at 0.9055/60 then 0.9090/95 then 0.9145/50

Usd/Jpy Buy at 76.50/55 then 76.30/35 then 75.95/00, sell at 77.30/35 then 77.55/60 then 77.80/85

Euro/Usd Buy at 1.3670/75 then 1.3620/25 then 1.3555/60, sell at 1.3860/65 then 1.3900/05 then 1.3980/85

Gbp/Usd Buy at 1.5665/70 then 1.5615/20 then 1.5570/75, sell at 1.5825/30 then 1.5855/60 then 1.5930/35

Medium Term Daily Analysis:

Usd/Chf This pair is still on downtrend, retracement at 0.9010/15, break is to 0.9045/50, above here would target 0.9110/15, break would change trend direction targetting 0.9140/50, whileon the downside to our short term buy signals and low is at 0.8810/20(Buy)

Usd/Jpy This pair is still on uptrend, retracement at 76.78/80, break is to 76.65/70, below is to our short term buy signals, while high is at 77.10/15, above would extend gains to target our short term sell signals

Euro/Usd This pair is still on uptrend, retracement at 1.3710/15, break is to to our short term buy signals and good support at 1.3540/50, while high is at 1.3860/70, above would extend gains amd trend power to our short term sell signals

Gbp/Usd This pair is still on uptrend, retracement at 1.5700/10, break is to our short term buy signals and good support at 1.5580/90, while high is at 1.5820/30, above would extend gains & trend power toward our short term sell signals

Usd/Cad This pair is still on downtrend, retracement at 1.0235/45, break is to 1.0270/80, above would target 1.0320/30 then possibly 1.0370/80, while on the downside to target 1.0135/40 then 1.0100/10 then possibly 1.0040/50

Nzd/Usd This pair is still on uptrend, retracement at 0.7885/95, break is to 0.7855/60 then 0.7820/30, below here would target 0.7760/70, while on the upside to target 0.7990/00 then 0.8010/15 then possibly 0.8055/60

Euro/Chf This pair is still on uptrend, retracement at 1.2350/60, break is to 1.2320/30, below here would target 1.2310 then 1.2290/95, I think a good buy would be at this latter prices because of increasing talks of 1.2300 level being defended, while on the upside to target 1.2395/00 then 1.2405/10 then high at 1.2435/45

Gbp/Chf This pair is still on downtrend, retracement at 1.4155/60, break is to 1.4200, above here would change trend direction toward 1.4235/40 then 1.4275/80 and possibly toward high at 1.4355/65, while on the downside support is at 1.4090/95, break is toward 1.4040/50 then 1.3990/00

Euro/Gbp This pair is still on uptrend, retracement at 0.8730/35, break is to 0.8685/95, then 0.8665/70 then possibly toward 0.8620/30(buy)

Aud/Usd This pair is still on uptrend, retracement at 1.0085.95, break is to 1.0040/50 then possibly 0.9985/95, while on the upside toward 1.0265/70 then 1.0300/05 then high at 1.0330/40, above would more power the trend toward 1.0375/80

Euro/Jpy This pair is still on uptrend, retracement at 105.40/45, break is toward 10485/90 then 104.40/45, while high is at 106.50/60, above here would more power the trend toward 106.85/90 then 107.30/35 and possibly 108.00/10

Gbp/Jpy This pair is still on uptrend, retracement at 120.70/75, break is to 120.10/20 then 119.65/75(Buy), while high is at 121.70/80, above here would power the trend toward 122.05/10 then 122.45/50 and possibly 123.20/30

Gold is still on uptrend, despite tight daily range that present today an opportunity for a boost upward or downward to break this tight range status, retracement at 1666/67, break is to 1656/57, below here would target 1646/47 then 1636/37 and possibly 1620/21, while would face resistance at 1672/73, above here would target 1689/90 then 1699/00 and possibly 1715/16

Oil is still on uptrend, retracement at 84.30/35, break is to 82.80/85 then good support at 82.40/50, below would target 82.001/0 then possibly 81.00/05, while on the upside toward 85.85/95 then 86.60/70 then 87.75/85

We have an Important News Release today for the Dollar Currency:

  • US Core Retail Sales: Buy Usd/Chf & Usd/Jpy if 0.4 or above while Buy Euro/Usd & Gbp/Usd if 0% or below

*** Besides, Traders must keep close look at the G20 Finance Leaders Meeting Today(First day, Tomorrow second day) for Crucial Coming News.

I would like to assure traders on the importance of not rushing and entering an order just to have a market order open or being afraid of missing an opportunity because market price for any pair would certainly reach the targets(retracement, low, high, specific price levels…) I mention in my daily post, so no need to enter for ecample at 65 or 70 if my target to enter is at 50/55, wait till target is hit by market price then enter a trade accordingly, in worst case if target isn’t hit then you do not enter, it is easy as this, you would always have many other opportunities, remember you have 12 pairs that you can trade.
Also, Do not be lazy but try to be ready to set your trading entry targets at soon as I post my daily signal & analysis post on this thread even if at that time it’s your sleep hour, you can wake up then have all hours or full day to sleep…lol

Personally, I do not sleep more than 5 hours per day at least for the 5 Forex Days per week, cutting myself into pieces…lol for many responsibilities bt. Personal business, Forex trading & Entertainment purposes…

Have A Great Trading Day

233

Yes, again perfect retracement entries despite some further weakness from this level for some pairs, but back again to base on trend direction.
There was no reason for you not to had taken the retracement buy order for Gbp/Usd at 1.5665/75, because market price went to 1.5664 after hitting 1.5673 at first then retesting but found again strong support at retracement price level then spiking around 100 pips upward. Same is said for Euro/Usd that market price had hit retracement at 1.3684( was 1.3680/85), in this situation it was maybe more difficult if you weren’t around but had a pending order because that was really a 1 pip difference.
In General, this is why I sometimes widen my price levels up to 10 pips while other times at normal 5 pips(80/85) for all pairs,because those 10 or 5 pips for price levels(retracement, low, high…) are also considering the broker spread(might sometimesmake all the difference since spreads might really differ with good pips among brokers) and possible more further oversold & overbought situations…

About Gold & Oil, stop loss is at specific prices I mention in my daily analysis for both, for example suppose retracement for Oil is at 85 in an uptrend, when I mention break is to 84 then this price level would be first target for Stop Loss and so on.
You can apply same stop loss as for Forex pairs because I mainly depend on price levels for SL not only number of pips that both can be combined to set the right SL but again mainly on price levels.

Test om a demo account for Gold & Oil before going live, 1 month testing would be reasonable to nearly perfect the strategy since you already know & understand the overall strategy as for Forex pairs.

Best Luck Dave

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Hi Forex Money Maker,

I am new to this thread and wanted to pick up on the latest signals to use as a tool to learn, so please excuse my slight ignorance as I havent had chance to read the whole thread. I like the look of your signals and hope to learn a great deal from you. Your recommendations for today are to buy at 3 levels for the currency pairs. Are you suggesting buy at the first level, then if this should fail buy at the next level down then ultimately the 3rd level?

Regards

Mark

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Another good day for me, with several good trades taken. In particular, today’s short trade on USD/CHF which goes to demonstrate just how accurate these signals can be. This one was good for +105 pips.

Have a good weekend

Dave

1012×618

236

Hello Mark,

Despite that you can be not lazy by simply going to the first post of this thread and reading both Short & Medium Term Strategy Rules for Entry, Exit, TP &SL. Anyway, I am here to help traders, but try not wasting my time on same repeated questions that answered can be easily found in this thread posts(mainly at the start for both strategies trading rules).

Buy & Sell orders at 3 levels are traded as the following:

After First signal is executed, you gain 10 to 30 pips(sometimes much more up to 100 or more pips if compatible with Medium Term Crucial Price levels as high & Low) with SL at 30 or little above according to price action but in a very high winning percentage you must gain at each signal at least 10 pips, then if the market price goes to the second signal you apply the same scenario then the same is applied for the third signal which mainly have Bigger percentage of higher pips gain.
Also, must take in consideration while trading those signals a very important rule that says: you do not enter an order if market price hit near the signal price went to the 10-30 TP margin then exactly retested the signal price, so not entrance at retests because this is a bounce trading strategy of gaining quick pips in few minutes)

One of yesterday perfect examples was the Usd/Chf first signal buy order that was at 0.8900/05, and as all traders know that 0.8902/03(depending on broker) was the low price for this pair yesterday, and there was an opportunity of up to 40 pips gain from this signal.

Again, Do not be lazy but Read the first posts and other posts on this thread I more full deeply explain both strategies.

Give me a break, I can not always answer repeated same questions.

You are welcome here Mark

Good Luck

237

Yes, Yesterday was another Great New Day for both strategies High success.

Usd/Chf is a perfect example of both strategies applied. First sell at retracement as downtrend for this pair Medium term Strategy then buy at first signal of short term strategy, both combined for around 150 pips gain.

There was also many other pairs Great Success as Euro/Chf(despite this pair moving in tight range), Gbp/Chf(it seem that you Dave had a past shock(might not ever trade this pair…lol) of this pair retracing more than expected but again back to its downtrend direction), Euro/Gbp, Usd/Cad, Euro/Usd & Gbp/Usd with few pips difference from retracement so traders who use exact retracement prcie levels could had missed both great moves while traders who are still riding the uptrend(from the start of trend I posted on this thread for past days) for both pairs as trend traders are still on big gain till a possible reversal appear or daily high and low are hit or tested with no success later on…
Also, successful continuation of trend movements for Aud/Usd, Nzd/Usd, Usd/Jpy, Euro/Jpy & Gbp/Jpy with also some pips difference from yesterday retracement for retracement strategy traders.

Dave, Good that you posted a chart for clear entries and exits so other traders have an idea how to trade the Medium Term trategy.

Enjoy your weekend Traders

238

Hi Dave,
Any news about why there is no signal today, I am expecting very badly those signals for Demo trading, Hope that
Forexmoneymaker will start posting for London & US sessions.

Regards,
Krishna

239

Hello Traders,

Forex Signals & Analysis for 17th October 2011:

Short Term Signals:

Usd/Chf Buy at 0.8855/60 then 0.8835/40, sell at 0.9000/05 then 0.9045/50 then 0.9085/90

Usd/Jpy Buy at 76.70/75 then 76.50/55 then 76.20/25, sell at 77.60/65 then 77.75/80 then 78.10/15

Euro/Usd Buy at 1.3730/35 then 1.3660/65, sell at 1.3960/65 then 1.4000/05 then 1.4110/15

Gbp/Usd Buy at 1.5710/15 then 1.5660/65 then 1.5605/10, sell at 1.5890/95 then 1.5925/30 then 1.6000/05

Medium Term Daily Analysis:

Usd/Chf This pair is still on downtrend, retracement at 0.8970/80, break is to 0.9045/50 then 0.9075/85 while on the downside support & low at 0.8825/35

Usd/Jpy This pair is still on uptrend, retracement at 77.00/05, break is to 76.85/90 then to our shrot term buy signals with good support first at 76.70/75, while high is at 77.25/30, above would power the trend toward our short term sell signals.

Euro/Usd This pair is still on uptrend, retracement at 1.3780/85, break is to our short term buy signals, while high is at 1.3920, above would power the trend toward our short term sell signals

Gbp/Usd This pair is still on uptrend, retracement at 1.5750/60, break is to our short term buy signals while high at 1.5850/60, above would power the trend toward our short term sell signals

Usd/Cad This pair is still on downtrend, retracement at 1.0160/70, break is to 1.0220/25 then good resistance at 1.0275/85, while on the downside toward 1.0030/35 then 1.000/05 and possibly toward low at 0.9960/70

Nzd/Usd This pair is still on uptrend, retracement at 0.7960/65, break is to 0.7915/20 then 0.7850/60, while on the upsdie toward 0.8120/25 then 0.8150/60

Euro/Chf This pair is still on uptrend, retracement at 1.2350/60, break is to 1.2335/40 then 1.2315/20, while on the upsdie toward 1.2415/20 then 1.2440/45 then 1.2465/70

Gbp/Chf This pair is still on downtrend, retracement at 1.4135/40, break is to 1.4185/95, above would target 1.4205/10 and possibly 1.4235/40, while on the downside good support at 1.4100/05, break is toward 1.4050/55 then 1.4035/40

Euro/Gbp This pair is still on uptrend, rertacement at 0.8750, break is to 0.8720/25 then 0.8695/00, while on the upside toward 0.8800/05 then 0.8815/20 and possibly 0.8850/55

Aud/Usd This pair is still on uptrend, retracement at 1.0200/10, break is to 1.0155/60 then 1.0070/5, while on the upside would face High resistance at 1.0385/95, above would power the trend toward 1.0430/35 then 1.0475/80

Euro/Jpy This pair is still on uptrend, retracement at 106.20/30, break is to 105.55/60, while on the upside high at 10720/25, above would power the trend toward 108.10/15 then 108.55/60

Gbp/Jpy This pair is still on uptrend, retracement at 121.40/45, break is to 120.80/85 then 120.20/25, while on the upside to target high at 122.30/40, above would power the trend toward 123.10/15 then 123.55/60

Oil is still on uptrend, rertacement at 86.00/10, high at 88.90/00

Gold is still on uptrend, retracement at 1675/76, break is to 1668 then good support at 1660/61, while high is at 1720/21

Have A Great Trading Day

240

Hello Traders,

Forex Signals & Analysis for 18th October 2011:

Short Term Signals:

Usd/Chf Buy at 0.8885/90 then 0.8840/45, sell at 0.9045/50 then 0.9070/75 then 0.9145/50

Usd/Jpy Buy at 76.30/35 then 76.05/10, sell at 77.45/50 then 77.80/85 then 78.15/20

Euro/Usd Buy at 1.3640/45 then 1.3600/05, sell at 1.3900/05 then 1.3980/85

Gbp/Usd Buy at 1.5680/85 then 1.5655/60, sell at 1.5840/45 then 1.5890/95

Medium Term Daily Analysis:

Usd/Chf This pair is still on downtrend, but trying to change this view today if bases above retracement at 0.8980/85 targetting good resistance at 0.9065/75, above here might extend gains toward 0.9140/50, while kept basing below retracment would target low and good support at 0.8850/60

Usd/Jpy This pair is again moving sideways, below 76.70/75 is to target our short term buy signals while above 76.85/90 is to target our short term sell signals

Euro/Usd This pair is still on uptrend, but might change this view today if keep the base below retracement at 1.3750/60 targetting our short term buy signals, while basing again above retracement is toward our short term sell signals and high is at 1.3900/10, above would power the trend

Gbp/Usd This pair is still on uptrend, but might change this view if bases below retracement at 1.5735/40 targetting our short term buy signals while above would target our short term sell signals and high is at 1.5840/50, above would power the trend

Usd/Cad This pair is squeezed bt. support at 1.0210/15 break is toward 1.0050/60, and resistance at 1.0265/70, break is to 1.0295/00, above would change trend direction toward1.0320/25 then 1.0360/70

Nzd/Usd This pair is squeezed bt. support at 0.7835/45, break is to 0.7790/00 and resistance(uptrend retracement) at 0.7930, a base above would keep the trend targetting 0.8055/65 then possibly 0.8120/25

Euro/Chf This pair is moving sideways, would face resistance at 1.2360/65, above would refresh the uptrend targetting 1.2390/00 then 1.2415/20 and possibly 1.2435/40, while on the downside toward 1.2320/25 then 1.2310/15 and possibly 1.2275/80

Gbp/Chf This pair is still on downtrend but might change this view if bases above retracement at 1.4140/45 targetting resistance at 1.4185/95, above would change trend direction toward 1.4220/25 then 1.4250/55 and possibly toward 1.4330/40, while basing below retracement is toward 1.4045/55 then possibly 1.3995/05

Euro/Gbp This pair is squeezed bt. resistance(uptrend retracement) at 0.8735/40, break is to 0.8790/00 then 0.8825/30 and possibly 0.8855/60, and support at 0.8705/10 break is to 0.8690/95, below would change tredn direction toward 0.8680/85 then 0.8660/65 and possibly 0.8610/20

Aud/Usd This pair is squeezed bt. resistance(uptrend retracement) at 1.165/70, break would keep trend direction toward 1.0350/60, and support at 1.0045/50, break must hold at 1.0000/10

Euro/Jpy This pair is squeezed bt, resistance(uptrend retracement) at 105.75/80, break would keep trend direction targetting 107/50/60, and support at 104.75/80, break is to 104.35/40 then 103.80/90

Gbp/Jpy This pair is squeezed bt, resistance(uptrend retracement) at 121.05/10, break is to 122.50/55 then 123.25/30 and support at 120.20/30, break is to 120.00/05 then 119.60/65

Oil is still on uptrend, retracement at 85.90/95, break is to 85.00/10 then 84.40/50 and possibly 83.00/10 while on the upside toward 88.15/25 then 89.10/20 and possibly 89.95/00, high is at 88.60

Gold is still on uptrend, kept above retracement at 1671 is toward 1694/95 then 1706/07 and possibly 1718/19, while support is at 1660/61, break is to 1653/54 then 1646/47 and possibly 1628/29

We have an Important News Release today for the Sterling Currency:

  • UK CPI: Buy Gbp/Usd if 5.1% or above while sell if 4.6% or below

***As you realized traders from my today analysis for the 12 forex pairs, would be a mixed situation today bt. rebasing on previous days trend or reversing to start new trend or moving sideways. So in such situation, I prefer traders who do not have an open order or prefer to trade daily( opening & closing their order/s during a single day, to try watching & focusing at resistance and support with some cautious of possible breakouts for all pairs, since I think some pairs might stay in the range bt. resistance and support I mentioned above for each pair analysis especially those squeezed bt. such crucial price levels.
Besides, Fed Chairman Ben Bernanke & BOE Gov. King would both speak in late hours today, so traders must take note about that for a very possible market volatility at that time.

Have A Great Trading Day

241

I didn’t place any trades today, as most of the retracement levels are not holding with the current market conditions. I almost took a short on USD/JPY on the break of support @ 76.70 but I’m glad I stayed out of the market, as it was a false breakout. Also, I missed a ST sell on USD/CHF.

I had 3 trades triggered yesterday (Monday 17th):
GBP/USD BUY @ 1.5772 Retracement. Close @ 1.5772 for Breakeven.
EUR/USD BUY @ 1.3785 Retracement. Close @ 1.3735 for -50 pip loss.
USD/CHF SELL @ 0.8970 Retracement. Close @ 0.8992 for -22 pip loss.

I am trading the gold signals on a demo account, and today had a nice break below support @ 1660 which was good for about +300 demo pips.

Dave

242

Hello Traders,

Forex Signals & Analysis for 19th October 2011:

Short Term Signals:

Usd/Chf Buy at 0.8915/20 then 0.8885/90 then 0.8830/35, sell at 0.9055/60 then 0.9095/00 then 0.9140/45

Usd/Jpy Buy at 76.55/60 then 76.45/50 then 76.35/40, sell at 76.95/00 then 77.05/10 then 77.20/25

Euro/Usd Buy at Buy at 1.3630/35 then 1.3575/80 then 1.3495/00, sell at 1.3855/60 then 1.3900/05 then 1.3990/95

Gbp/Usd Buy at 1.5585/90 then 1.5530/35 then 1.5430/35, sell at 1.5845/50 then 1.5910/15 then 1.6000/05

Medium Term Daily Analysis:

Usd/Chf This pair is stil on downtrend, again trying to change current trend view if bases above today retracement at 0.8980/85 targetting 0.9040 then 0.9055/60, above would change trend direction to the other short term sell signals, while on the downside toward our short term buy signals and low is at 0.8850/60

Usd/Jpy This pair is still moving sideways, below 76.75 is to our short term buy signals while above 76.85 is to our short term sell signals

Euro/Usd This pair is still on uptrend, but again in a squeezed situation bt. resistance at 1.3745/55, above is toward our short term sell signals and high is at 1.3920/25, while below support at 1.3670/80 is toward our short term buy signals

Gbp/Usd This pair is also in same scenario, above resistance at 1.5720/25 is toward our short term sell signals and high is at 1.5845/55, while below support at 1.5670/75 is toward 1.5580/90 first support break would extend weakness to the other 2 short term buy signals

Usd/Cad This pair is still on downtrend, retracement at 1.0170/80, break is to 1.0230/40 then 1.0265/70 then 1.0320/25, while on the downside toward low at 1.0045/55, below would extend weakness toward 1.0015/20

Nzd/Usd This pair is still on uptrend, retracement at 0.7945/50, break is to 0.7880/85 then 0.7840/50 then 0.7790/00 while on the upsdie toward 0.8045/50 then 0.8085/90 with high at 0.8070/75

Euro/Chf This pair is still moving sideways, above 1.2360/65 is toward 1.2390/95 then 1.2405/10 then 1.2430/35, while on the downside toward 1.2320/25 then 1.2305/10 then possibly 1.2280/85

Gbp/Chf This pair is still on downtrend, retracement at 1.4130/40, break is to 1.4165/75, above would target 1.4200/05 then 1.4245/50 then 1.4285/90, while on the downside toward 1.4060/65 then 1.4035/40 then possibly extending weakness toward 1.3965/70

Euro/Gbp This pair is still on uptrend, retracement at 0.8740, break is to 0.8720/25 then 0.8685/95, below here would target 0.8655/60 then possibly 0.8620/25, while on the upsdie to target 0.8790/95 then 0.8810/15 and possibly 0.8860/65 with high at 0.8825/30

Aud/Usd This pair is still on uptrend, retracement at 1.0210/20, break is toward 1.0100/10 then possibly 1.0025/30, while on the upsdie toward high at 1.0385/95, above would power the trend toward 1.0440/50

Euro/Jpy This pair is squeezed bt. resistance at 105.65/75, break is to target 106.20 then 106.50/55 then 106.95/00, while below support at 105.10/15 is to target 104.55/60 then 104.05/15 Good support

Gbp/Jpy This pair is in same scenario, above resistance at 120.85/95 is toward 121.55/60 then 121.80/85 then 122.30/35, while below support at 120.40/50 is to target 119.95/00 then 119.60/70 then 119.10/15

Gold is trying to base on downtrend today if keep the base below downtrend retracement at 1660/61 to target support at 1653, below here would target 1626/27 then 1620/21 then 1603/04 and possibly 1580/81, while a base above 1660/61 is toward 1688/89 then 1703/04 then 1730/31

Oil is stil on uptrend, retracement at 87.15/20, break is to 85.45/55 then 84.10/20, while high is at 89.60, a base above would power the trend toward 90.20/25 then 91.10/15 and possibly 93.20/25

*** We have an Important News Releases today for the Sterling & Dollar Currencies:

  • MPC Meeting Minutes: Buy Gbp/Usd if 2 Vote for Hike, while sell if 2 Vote for QE

  • US Core CPI: Buy Usd/Chf & Usd/Jpy if 0.4%, while Buy Euro/Usd & Gbp/Usd if 0% or below

Have A Great Trading Day

243

Yes, as said before some days a breakout strategy is the best, others retracement strategy as you Dave use as a Swing Trader, while others for counter trend or reversal strategy.
Besides, within a single day all those strategies can exist in the many pairs(12) I post here., and aslo one pair can perform 2 or even those 3 strategies at same day.
You missed great opportunities for Gbp/Usd both buy signals and also Usd/Chf first sell signal for around 100 pips each.
As I informed traders yesterday that it would be a day of movement bt. resistance & support for some pairs, meaning buy lower, sell higher.
Do not know if you realized that the Gold 300 pips gain on your demo account came from a breakout strategy, so maybe you’re starting to learn this strategy but doing it upside down…lol trying it in Gold then Forex pairs, if you perform it well for Gold then Great…
Anyway, breakout & other strategies can be performed for any pair, commodity…, you must just understand it’s basic principle, how & in what situation it best work.

**Do not understand why you went to try a breakout strategy for Usd/Jpy?!, Good that you must had been in 10 pips gain before price reversed, but why go to this pair for breakout?!!
Sometimes newbies or even real traders try the wrong pairs for certain strategy at certain time, at first it is wrong to try in a live account but always in demo accounts. Second, you want to try go to Euro/Jpy & Gbp/Jpy, both had very successful breakouts yesterday. Usd/Jpy daily range is mainly tight & much lower pips range than the other 2, and in current situation that had been for around 3 months now, this pair is more & more getting into more daily tight range(yesterday was only 25pips).
So how could you try a breakout for that small daily pips range. Not talking yet about a possible spike or intervention at anytime. Japanese Exporters are mostly the ones selling this pair because they gain big money for this current situation and when intervention occur they have SL set and would not really loose big money especially they had been & still gaining from this pair situation at current & many past months market price.
A brief advice: You & all traders who want to currently trade this pair, then trade as scalping strategy(few pips gain & many orders).
Hope you get the idea from this explanation.

Good Luck

244

Do not know if you realized that the Gold 300 pips gain on your demo account came from a breakout strategy, so maybe you’re starting to learn this strategy but doing it upside down…lol trying it in Gold then Forex pairs, if you perform it well for Gold then Great…

Yes, I am using my demo account to try out the other strategies. A nice start on the gold though…

Dave

246

Hi Forex Money Maker,
Can We expect signals now. I am the follower of this thread on a daily basis but this is the First instance that I have not seen your signals. PLZ post which shall 100% help some newbie traders like Me,

247

Hello Traders,

Forex Signals & Analysis for 20th October 2011:

Short Term Signals:

Usd/Chf Buy at 0.8950/55 then 0.8910/15, sell at 0.9090/95 then 0.9145/50

Usd/Jpy Buy at 76.60/65 then 76.55/60 then 76.45/50, sell at 76.90/95 then 76.95/00 then 77.05/10

Euro/Usd Buy at 1.3635/40 then 1.3555/60, sell at 1.3870/75 then 1.3925/30

Gbp/Usd Buy at 1.5665/70 then 1.5615/20, sell at 1.5875/80 then 1.5920/25

Medum Term Daily Analysis:

Usd/Chf This pair is trying to base on uptrend if bases above 0.9060 targetting our short term sell signals, while below 0.9010 would target our short term buy signals

Usd/Jpy This pair is still moving sideways, above 76.85 is to our short term sell signals while on the downside targetting our short term buy signals

Euro/Usd This pair is trying to base on downtrend if kept below 1.3705/10 targetting our short term buy signals while on the upside is toward our short term sell signals

Gbp/Usd This pair is in same scenario if bases below 1.5705/10 targetting our short term buy signals while on the upsdie targetting high at 1.5850/60, above is toward our short term sell signals

Usd/Cad This pair is trying ot base on uptrend if kept above 1.0220/25 targetting 1.0265/70 then 1.0295/00, above would clealry confirm uptrend to then target 1.0380/85, while on the downside toward 1.0090 then 1.0035/45

Nzd/Usd This pair is squeezed bt. resistance at 0.7930 break is to 0.8000/10 then 0.8050 and possibly 0.8090/95, while a base below 0.7900 is toward 0.7855/60 then 0.7830/35

Euro/Chf This pair still moving sideways with uptrend basis, above 1.2390 is toward 1.2500/05 then 1.2535/40, while below is to target 1.2370/75 then 1.2345/50 then 1.2330/35

Gbp/Chf This pair is moving sideways with uptrend basis, above 1.4180 is toward 1.4320/25 then 1.4360/65, while below is toward 1.4095/00 then 1.4035/40

Euro/Gbp This pair is tying to base on downtrend, if kept below 0.8730/35 targetting 0.8690 then below would clearly confirm the new trend targetting 0.8665/70 and possibly 0.8620/25, while on the upsise above 0.8730 is toward 0.8785/90 then 0.8810/15

Aud/Usd This pair is squeezed bt. support at 1.0110/20, break is to extend weakness to as low as 1.0010/20, while on the upsdie toward 1.0345/50 but must again base above 1.0230/25 first

Euro/Jpy This pair is trying to base on downtrend if kept below 105.10/20 targetting 104.90/95 then 104.60/65 then possibly 103.90/95, while on the upside above 105.30/40 is toward 106.50/60

Gbp/Jpy This pair is trying to base on downtrend if kept below 120.50 targetting 120.20/25 then 119.80/85 and possibly 119.20/25, while on the upside toward 121.60/70 then 121.95/00

Oil is trying ot base on downtrend, below 85.60/70 targetting 84.30 then 83.45/50 and possibly 81.10/20, while on the upside toward 89.25/35

Gold is on powerful downtrend today targetting 1602, below is a free fall, while retracement at 1646/47, might make a comeback through the day to retrace to 1622/23 then 1628/29 then 1639/40 before possible retracement target

Have A Great Trading Day

248

Hello “krishna”.

You do not have to urge me no please nothing, I am here to help all traders gain money from the markets.

I have been too busy with long travel hours, so not able to post my daily signals & analysis at the normal time I post.

But would always try my best to keep this thread with daily update.

Good Luck