Forex Buy & Sell Trading Signals

Commercial Content Trading Signals
249

Hello Traders,

Forex Signals & Analysis for 21st October 2011:

Short Term Signals:

Usd/Chf Buy at 0.8860/65 then 0.8825/30, sell at 0.9070/75 then 0.9135/40

Usd/Jpy Buy at 76.50/55 then 76.40/45 then 76.15/20, sell at 77.10/15 then 77.25/30 then 77.40/45

Euro/Usd Buy at 1.3635/40 then 1.3570/75, sell at 1.3890/95 then 1.3945/50

Gbp/Usd Buy at 1.5680/85 then 1.5630/35, sell at 1.5850/55 then 1.5880/85

Medium Term Daily Analysis:

Usd/Chf This pair is still kept on downtrend, retracement at 0.8980/85, break is to our short term sell signals, while on the downside to target our short term buy signals and low is at 0.8820/30

Usd/Jpy This pair is still moving sideways, below 76.75 is to target our short term buy signals while above 76.85/90 is to our short term sell signals with good resistance at 77.15/20

Euro/Usd This pair is still kept on uptrend, retracement at 1.3750/60, break is to our short term buy signals, while on the upside toward our short term sell signals and high is at 1.3970/80

Gbp/Usd This pair is still kept on uptrend, rertacement at 1.5760/70, break is to 1.5730/40, below is toward our short term buy signals and good support at 1.5630/40

Usd/Cad This pair is still kept on downtrend, retracement at 1.0170, break is to 1.0190/95, above would target 1.0245/50 then good resistance at 1.0290/95, while on the downside to target 1.0090/95 then 1.0060/65

Nzd/Usd This pair is kept on uptrend, retracement at 0.7920/25, break is to 0.7845/50 then 0.7810/15, while on the upside is to target 0.8010/15 then 0.8045/50

Euro/Chf This pair is still moving sideways, support is at 1.2290/00, break is to 1.2220/25 then 1.2180/85, while resistance is at 1.2355/60, break is to 1.2440/45 then 1.2505/10 and possibly 1.2570/75

Gbp/Chf This pair is still moving sideways, support at 1.4055/60, break is toward 1.3985/90, while on the upside to target 1.4140/50, above is toward 1.4275/80 then possibly 1.4360/65

Euro/Gbp This pair is moving sideways, support at 0.8685/90, break is to 0.8670/75 then 0.8645/50 then possibly 0.8605/10, while resistance at 0.8735/40, break is to 0.8775/80 then 0.8800/05 then possibly 0.8840/45

Aud/Usd This pair is still kept on uptrend, retracement at 1.0220/25, break is to 1.0170/75 then 1.0120/25 and possibly 1.0070/75, while on the upside toward 1.0330/35 then 1.0370/80

Euro/Jpy This pair is still kept on uptrend, retracement at 105.70/75, break is to 104.70/75 then 104.20/25, while on the upside is to target 106.65/70 then 107.05/10

Gbp/Jpy This pair is kept on uptrend, retracement at 121.10/15, break is to 120.95/00, below would target 120.30/35 then possibly 119.85/90, while on the upside toward 121.85/90 then 122.15/20 and possibly 122.85/90

Gold is still on downtrend, retracement at 1634/35, break is to 1645/46 then 1657 then 1663/64, above here would hold at 1689/90, while low is at 1600/01, break would extend weakness toward 1594 then 1581/82 then 1560

Oil made a big retrace movement, again squeezed bt. resistance at 86.50 break is to 88.00/05 then 88.80/85 and possibly 90.50/60, while support at 86.15/20 break is to 84.10/20 then 82.95/00 and possibly 81.75/80

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

  • CAD Core CPI: Buy Usd/Cad if -0.1% or below while sell if 0.3% or above

Have A Great Trading Day

250

Itā€™s been another choppy week for most pairs, and this has kept me out of the market most days. On the few intra-day trends that did develop, not many reached the retracement levels that I like to trade from. I also had a number of trades stopped out at break-even simply because they failed to really get going. Despite this, I am up over 200 pips for the week which is nice.
I am not generally able to trade the short term signals as I cannot watch the charts most days, and setting pending orders is risky (Fridayā€™s USD/JPY action is a good example why pending orders are risky). However, I did catch two great short term trades on USD/CHF. The first happened during the Asian session when I would normally be asleep, so was a bit lucky. Price dropped sharply in just 10 minutes or so. Later the same day, the second level was hit and I took that trade also.

906Ɨ616

Hopefully, the above chart will show how I personally trade these signals. Notice all the levels that I have placed on the chart, taken from the daily signals for that pair. I do this for all my charts. My preference is to trade off the retracement levels (nice and safe, as you are aligned with the main trend). As you can see, this day price did not reach the retracement level, but the short term buy trades worked out very nicely.

The chart below shows a retracement trade on GBP/USD Friday which really couldnā€™t have gone much better! I scaled out 1/3 of my position a few pips shy of the first short-term sell line (+87 pips), and closed the remainder at the second line for +120 pips. I let the market have the other 80 pipsā€¦ :wink:

768Ɨ617

I have now been trading these signals on my live account for just over one month, with a quite conservative (0.75%) risk level. I do aim to increase my risk to 1% or 1.5% just as soon as someone can bash Sarkozy and Merkelā€™s heads together so that the market can return to some normality. I live in hopeā€¦

Dave

251

Hi Dave & all Traders,

Would like to Thank you for posting charts for traders to more see the main idea & maybe help in more organization of tradeseven if the charts do not contain pure forex details.
As you know, for lack of time I canā€™t do the charts work but hopefully traders can organize themselves for that & as Dave shows it do not need too much complex but just simplicity would do the job, and traders adding to each pair chart their preferred indicators or even whole system with my signals & analysis prices set as lines (as seen in above charts) would make the final Good touch.
Honestly, I apologize for traders that sometimes I miss the full analysis of some pairs due to lack of time & being always in hurry as you understand, trying to cut myself into pieces bt. many responsibilities.
And from such mistakes due to quicknessā€¦ was the Gbp/Usd pair for both Short & Medium Term, for the latter forgot to mention the uptrend targets while for the first also missed adding the third and last target to sell that was at 1.5955/60, maybe that could had completed the great full gain of this pair for Dave & many swing traders who trade the retracement targeting all 3 TP targets I daily post & also for bounce or countertrend traders who trade the Short Term Signals.
Anyway, Iā€™ll try to take more dozens of pills to keep high focusā€¦lol
Other pairs that were Great to trade at retracement with High success as Gbp/Usd were Euro/Usd. Usd/Cad, Nzd/Usd & Aud/Usd, maybe Dave was somehow afraid of entering many orders as he had been doing before due to current mixed market but as I always advice traders to never think twice in such situation, if retracement is hit, you enter the order so yuo do not regret later, better enter an order ofcourse with little cautious at price action at that time then set your stop loss than missing the Great Opportunity then say ā€œifā€ or ā€œmust hadā€ executed the order.
In the Forex Market, thereā€™s no second thoughts, this bad habit would lead to losses even if you have the best system or signals & analysis. There would always be risk in the markets, nothing is 100% sure, so you canā€™t say this day is good and that is bad.
As you had been realizing that even in mixed market if you follow the signals & analysis youā€™ll get in great gains at end especially if you follow the main trend, as you realized all pairs with all crazy market had followed the trend I mentioned in friday analysis which led later to big gains, from Euro/Usd. Gbp/Usd, Aud/Usd, Nzd/Usd, all kept powerful successful uptrend even Euro/Jpy & Gbp/Jpy with some mixed movement due to usd/jpy quick fall but also kept uptrend, besides Usd/Chf & Usd/Cad keeping powerful downtrend movements while other pairs were already moving sideways and kept that status.

For the Short Term Signals, the above charts show clearly how much Nice Harmony market price instantly bounce after hitting my buy & sell signals for each of 4 major pairs(in this case was buy signals for Ush/Chf), ofcourse in sideways market it needs some cautious as you must had understood the main rule of this short term strategy I explained at past posts & first posts on this thread. But mainly this Short term strategy is Great for Quick Good pips for all 4 major pairs I post.

Best Luck Traders

252

Hello Traders,

Forex Signals & Analysis for 24th October 2011:

Short Term Signals:

Usd/Chf Buy at 0.8745/50 then 0.8710/15, sell at 0.8945/50 then 0.90005/10 then 0.9060/65

Usd/Jpy Buy at 75.45/50 then 75.10/15, sell at 77.05/10 then 77.45/50 then 78.00/05

Euro/Usd Buy at 1.3715/20 then 1.3635/40 then 1.3565/70, sell at 1.3985/90 then 1.4025/30 then 1.4155/60

Gbp/Usd Buy at 1.5760/65 then 1.5670/75 then 1.5590/95, sell at 1.6060/65 then 1.6110/15 then 1.6245/50

Medium Term Daily Analysis:

Usd/Chf This pair is still on downtrend, retracement at 0.8895/00, break is to 0.8950/60, above is to the other short term sell signals while low is at 0.8780/85, below would extend weakness toward our short term buy signals

Usd/Jpy This pair is on downtrend basis today but with overall sideways movement, rertacement at 76.45/50( with resistance at 76.25/30 on the way), break is to 76.75/80, above is to our short term sell signals, while on the downside extending weakness to our short term buy signals

Euro/Usd This pair is still on uptrend, retracement at 1.3810/20, break is to 1.3780/90, below is to our short term buy signals while on the upside toward our short term sell signals and high is at 1.4020/30

Gbp/Usd This pair is still on uptrend, retracement at 1.5860/65, break is to our short term buy signals, while high is at 1.5960/70, above would power the trend toward our short term sell signals

Usd/Cad This pair is still on downtrend, retracement at 1.0125/35, break is to 1.0165/75, above would target 1.0225/30, while on the downside to target low at 0.9995/05, then possibly 0.9975/80

Nzd/Usd This pair is still on uptrend, retracement at 0.7980/85, break is to 0.7950/55, below would target 0.7900/10 then possibly 0.7850/60, while on the upside to target 0.8090/95 then high at 0.8115/25, above is to power the trend toward 0.8200/10

Euro/Chf This pair is on downtrend basis today, retracement at 1.2290/00, break is to 1.2340/50, above is toward 1.2390/95 then possibly 1.2445/50 while on the downside toward 1.2175/80 then 1.2135/40 and low is at 1.2110/20

Gbp/Chf This pair is on downtrend basis today but with overall sideways movement, retracement at 1.4110/20, break is to 1.4145/50, above is toward 1.4205/10 then 1.4275/80 and possibly 1.4360/70, while on the downside toward low at 1.3945/55 and possibly 1.3890/95

Euro/Gbp This pair is on downtrend basis today with overall sideways movement, retracement at 0.8710, break is to 0.8735/45 then 0.8765/70 and possibly 0.8800/05, while on the downside toward 0.8660/65 then 0.8640/45 and possibly 0.8610/15

Aud/Usd This pair is still on uptrend, retracement at 1.0290/95, break is to 1.0215/25, below is to 1.0140/50, while on the upside toward 1.0450/60 then 1.0490/00

Euro/Jpy This pair is in mixed situation today, must base again above 105.80/85 to keep uptrend, targetting 106.50/55 then 106.75/80 and possibly 107.40/45, while on the downside toward 105.00/05 then good support at 104.50/60

Gbp/Jpy This pair is still on uptrend, retracement at 121.30/35, break is to 121.10/15, below would target 120.55/60 then 120.10/15 while on the upside toward high at 122.44/55, above would power the trend to target 122.80/90 then possibly 123.50/60

Oil is on uptrend today, retracement at 87.00/05, break is to 86.40/50, below would target 85.50/60 then 84.50/55 and possibly 83.10/20, while on the upside toward 89.50/55 then 90.40/45 and possibly 91.95/00

Gold is still on downtrend, retracement at 1647/48, break is to 1655/56 then 1664/65, above here would target 1670/71 then possibly 1693/94, whiel on the downside toward 1611/12 then low is at 1604/05, below would extend weakness toward 1596/97 and possibly 1582/83

Have A Great Trading Day

253

Hello Traders,

Forex Signals & Analysis for 25th October 2011:

Short Term Signals:

Usd/Chf Buy at 0.8755/60 then 0.8735/40 then 0.8680/85, sell at 0.8875/80 then 0.8910/15 then 0.8940/45

Usd/Jpy Buy at Buy at 75.80/85 then 75.65/70 then 75.35/40, sell at 76.45/50 then 76.65/70 then 76.85/90

Euro/Usd Buy at 1.3815/20 then 1.3765/70 then 1.3710/15, sell at 1.4000/05 then 1.4035/40 then 1.4115/20

Gbp/Usd Buy at 1.5900/05 then 1.5860/65 then 1.5820/25, sell at 1.6050/55 then 1.6075/80 then 1.6140/45

Medium Term Daily Analysis:

Usd/Chf This pair is still on downtrend, retracement at 0.8855/60, break is to 0.8920/25 then toward 0.8980/90, while low is at 0.8750/55, below would extend weakness toward the other short term buy signals

Usd/Jpy This pair is still on downtrend basis with overall sideways movement, rertacement at 76.30/35 with resistance at 76.15 on the way, above is toward our short term sell signals while on the downside toward our short term buy signals

Euro/Usd This pair is still on uptrend, retracement at 1.3870/75, break is to 1.3820/25, below is to our other short term buy signals, while on the upside to our short term sell signals and high is at 1.4070/80

Gbp/Usd This pair is still on uptrend, retracement at 1.5915/20, break is to our short term sell signals and good support at 1.5820/30, while on the upside toward our short term sell signals and high is at 1.6045/55

Usd/Cad This pair is still on downtrend, retracement at 1.0075/85, break is to 1.0130/40, above is toward 1.0160/65, while on the downside toward 0.9990/95 then 0.9970/75 then possibly 0.9925/30 and low is at 0.9950/55

Nzd/Usd This pair is still on uptrend, retracement at 0.8020/30, break is to 0.7980/85, below here would target 0.7955/60 and possibly 0.7905/10, while on the upside toward 0.8135/40 then high at 0.8165/70 and possibly 0.8220/30 to more power the trend

Euro/Chf This pair is still on downtrend basis qith overall sideways movement, retracement at 1.2290/00, break is to 1.2335/45 then 1.2380/90, while on the downside toward 1.2210/15 then 1.2185/90 and possibly 1.2150/55

Gbp/Chf This pair is still on downtrend basis with overall sideways movement, retracement at 1.4100/05, break is to 1.4120, above here would target 1.4145/55 then 1.4180/85 and possibly 1.4220/25, while on the downside toward 1.4035/40 then 1.4010/15 and low is at 1.3960/70

Euro/Gbp This pair is still on downtrend basis with overall sideways movement, retracement at 0.8710/15, break is to 0.8730/40, above here would target 0.8750/55 then Good Resistance 0.8780/90, while on the downside toward 0.8665/70 then 0.8645/50 and possibly 0.8620/25

Aud/Usd This pair is still on uptrend, retracement at 1.0380/85, break is to 1.0310/15 then 1.0280/85 then 1.0240/45, while on the upside toward 1.0570/75 then High at 1.0615/20

Euro/Jpy This pair is kept on uptrend, retracement at 105.85/90, break is to 105.00/05 then possibly 104.50/55, while on the upside toward 106.75/80 then 107.15/20 and High is at 107.85/90

Gbp/Jpy This pair is still on uptrend, retracement at 121.40/50, break is to 120.85/90 then 120.45/50 and possibly to Good Support at 119.95/05, while on the upside toward 122.35/40 then High at 122.70/80, above here would power the trend toward 123.30/40

Oil is still on powerful uptrend from yesterday, trend traders must have enjoyed Great Big Gains in just one day(yesterday start of trend), retracement at 89.50/60, break is to 87.40/50 then 85.30/40, while on the upside toward High at 92.55/65, above here would power the trend targetting 94.00/05 then 95.05/10

Gold is still moving sideways today, below support at 1647/48 is to 1633/34 then 1623/24 then possibly 1611/12, while above resistance at 1656/57 is to 1665/66, above would target 1669/70 then 1676/77 and possibly 1691/92

We have 2 Important News Releases Today for the Canadian Dollar Currency:

  • CAD Core Retail: Buy Usd/Cad if 0% or below while sell if 0.7% or above

  • CAD BOC Rate Decision: Buy Usd/Cad if 0.75% while sell if 1.25%

Have A Great Trading Day

254

Hello Traders,

Forex Signals & Analysis for 26th October 2011:

Short Term Signals:

Usd/Chf Buy at 0.8735/40 then 0.8720/25 then 0.8670/75, sell at 0.8840/45 then 0.8870/75 then 0.8895/00

Usd/Jpy Buy at 75.65/70 then 75.45/50 then 75.20/25, sell at 76.40/45 then 76.60/65 then 76.90/95

Euro/Usd Buy at 1.3825/30 then 1.3790/95 then 1.3735/40, sell at 1.3980/85 then 1.4015/20 then 1.4070/75

Gbp/Usd Buy at 1.5940/45 then 1.5915/20 then 1.5870/75, sell at 1.6050/55 then 1.6080/85 then 1.6120/25

Medium Term Daily Analysis:

Usd/Chf This pair is still on downtrend, retracement at 0.8820/30, break is to 0.8900/10, above here would target 0.9000/10, while low is at 0.8710/20, below would extend weakness toward 0.8670/80

Usd/Jpy This pair is still on downtrend basis with overall sideways movement, retracement at 76.20/25, break is toward 76.55/60, above would extend gains to 76.90/00, while on the downside to target our short term buy signals with support at 76.03 on the way downward

Euro/Usd This pair is still on uptrend, retracement at 1.3880, break is to 1.3820/30, below would taregt the other 2 short term buy signals, while on the upside toward our short term sell signals

Gbp/Usd This pair is still on uptrend, retracement at 1.5945/55, break is to our other 2 short term buy signals while on the upside toward our short term sell signals and High is at 1.6070/80

Usd/Cad This pair is on uptrend basis today afetr huge retracement movement afetr a dissapointing CAD News Release, retracement at 1.0130/40, break is toward 0.9985/95, while on the upside as trend start targetting 1.0285/90 then 1.0340/45

Nzd/Usd This pair is on downtrend basis today after big fall yesterday, retracement at 0.7975/85, break is to 0.8080/85 then possibly 0.8130/40, while on the downside as trend start targetting 0.7890/95 then 0.7855/60 and possibly 0.7775/80

Euro/Chf This pair is still on downtrend basis with overall sideways movement, retracement at 1.2245/55, break is to 1.2295/00 then 1.2310/20 and possibly 1.2340/45, while on the downside targetting 1.2165/70 then 1.2150/55 and possibly 1.2095/00

Gbp/Chf This pair is still on downtrend basis with overall sideways movement, retracement at 1.4075/80, break is to 1.4110/15 then 1.4145/50, then 1.4170 and possibly 1.4210/15 while on the downside to target 1.3980/85 then low at 1.3960/70

Euro/Gbp This pair is still on downtrend basis with overall sideways movement, retracement at 0.8700/05, break is to 0.8720/30 then 0.8745/50 and possibly 0.8770/75 while on the downside toward 0.8655/60 then 0.8640/45 then 0.8610/15

Aud/Usd This pair is still on uptrend, retracement at 1.0390/00, break is to 1.0365/70 then 1.0335/40 then 1.0310/15, while on the upside toward 1.0500/05 then 1.0540/45 and possibly 1.0580/85

Euro/Jpy This pair is squeezed today bt. resistance and support, must base again above 105.90/95 to keep uptrend targetting 106.50/55 then 106.85/90 and possibly 107.35/40 while a base below 105.70/75 is toward 105.05/10 then 104.70/75 and possibly 104.15/20

Gbp/Jpy This pair is still on uptrend, retracement at 121.40/50, break is toward 120.85/95 then 120.45/50 and possibly 120.00/05, while on the upside targetting 122.35/40 then 122.65/70 and possibly 123.25/30

Gold is on uptrend today, retracement at 1678/79, break is to 1664/65 then 1655/56, below here is to target 1647/48 then 1620/21, while on the upside would face resistance at 1705/06, above would power the trend toward 1736/37 then 1751/52 and possibly 1793/94

Oil is still on uptrend, retracement at 91.00/05, break is to 90.20/25 then 89.70/75 then 89.15/20 and possibly 87.30/40, while on the upside toward High at 93.90/00, above would target 95.00/05 then 96.20/25

We have 2 Important News Release today for the Aussie & the Dollar Currencies:

  • AUD CPI: Buy Aud/Usd if 0.9% or above while sell if 0.5% or below

  • US New Home Sales: Buy Usd/Chf & Usd/Jpy if 350K or above while Buy Euro/Usd & Gbp/Usd if 250K or below

*** Traders must well prepare for tomorrow early morning Japan BOJ Monetary Policy Statement and Rate Decision which might align with Intervention.
Whatever the hell Azumi & his Master Noda are doing, if printing money or collecting the Charity money or clearing some buy orders so maybe SLs are hit by letting such new historic lows occur before the intervention happen, ofcourse BOJ canā€™t fool bulls with such action because a stop loss below 100(little below 75.00 if not much below) would be nonsense for this pair. Besides, who told BOJ that Buying Usd/Jpy at current levels waiting for intervention is illegal?! Current Usd/Jpy at this price level is very dangerous and this is reflected by market playing the Rat & Cat with the BOJ, making new historic lows but then opening a new daily candle above 76.00.
Till when this case can be is not known but what I can make it clear is that I would support Bulls of this pair till tomorrow news release, after that bulls must be cautious to enter at specific price levels because if Usd/Jpy is kept at current price level till tomorrow and BOJ do not intervene by actions not just verbal warnings as Azumi had been doing but Actions as SNB had done who we can believe its Chairman Hildebrand when he says that SNB would defend Euro/Chf 1.20 with full determination but the same canā€™t be said for the BOJ and the latter is loosing their credibility fast until a quick action is seen and currently is the best move to doā€¦you guess whatā€¦press the trigger
This is why I would not stand with bulls after tomorrow unless clear new historic lows to buy at, thereā€™s no buy and wait for BOJ anymore after tomorrow early hours, but ofcourse I would also never stand with bears at current historic lows for this pair, since if bulls are maybe risking 100 pips possible more downward move toward 75 first, bears are clearly more risking around 400 pips with possible intervention at anytime, even a tight SL can be hit at anytime even without intervention.
On the other side, Chf pairs are currently good to buy at clear buy entries especially Euro/Chf that is only 200 pips far of SNB 1.20 peg level, meaning you only risk 200 pips if it ever hit 1.200 anytime soon or even later. So, any buy at any more downward movement would be more & more safe with more & more possible big gains later onā€¦

Have A Great Trading Day

255

Hello Forex Money Maker,

You are doing excellent job and I really thank you for your tiredless help for us.

Good to see your posting everyday,

God Bless You always,
JSM, Canada

256

Hello Traders,

Forex Signals & Analysis for 27th October 2011:

Short Term Signals:

Usd/Chf Buy at 0.8710/15 then 0.8665/70 then 0.8605/10, sell at 0.8890/95 then 0.8925/30 then 0.8995/00

Usd/Jpy Buy at 75.65/70 then 75.40/45 then 75.15/20, sell at 76.50/55 then 75.65/70 then 77.00/05

Euro/Usd Buy at 1.3775/80 then 1.3715/20 then 1.3630/35, sell at 1.4015/20 then 1.4070/75 then 1.4165/70

Gbp/Usd Buy at 1.5865/70 then 1.5815/20 then 1.5740/45, sell at 1.6070/75 then 1.6115/20 then 1.6195/00

Medium Term Daily Analysis:

Usd/Chf This pair is still on downtrend, retracement at 0.8820/30, break is to our short term sell signals with 0.8885/95 crucial resistance bt. continuing to try basing on uptrend or rejected, while on the downside to target our short term buy signals and low is at 0.8680/90

Usd/Jpy This pair is still on downtrend basis with overall sideways movement, retracement at 76.20/25, break is to our short term sell signals, while on the downside toward our short term buy signals and low is at 76.95/00

Euro/Usd This pair is still on uptrend, retracement at 1.3880/90, break is to 1.3840/50, below here is to our short term buy signals, while on the upside targetting our short term sell signals

Gbp/Usd This pair is still on uptrend, retracement at 1.5950/55, break is to Good support at 1.5865/75. below is to the other 2 short term buy signals, while on the upside toward our short term sell signals

Usd/Cad This pair is moving sideways, above 1.0075/85 is to target 1.0115/25, above here is toward 1.0165/70 then 1.0220/25 and possibly 1.0270/75, while on the downside toward 0.9970/75 then 0.9940/45

Nzd/Usd This pair is moving sideways, above 0.7985/95 is toward 0.8055/60 then 0.8075/80 and possibly 0.8140/45, while below is toward 0.7920/25 then 0.7880/85 and possibly 0.7845/50

Euro/Chf This pair is still on downtrend basis with overall sideways movement, retracement at 1.2250/60, break is to Good Resistance at 1.2300/10, above is toward 1.2334/40 then possibly 1.2405/10, while on the downside toward low at 1.2145/55, below here would extend weakness toward 1.2110/15 then possibly 1.2060/70

Gbp/Chf This pair is still on downtrend basis with overall sideways movement, retracement at 1.4085/95, break is towar 1.4140/45 then 1.4175/80 and possibly 1.4260/65, while on the downside toward low at 1.3975/80, below here would extend weakness toward 1.3955/60 then 1.3900/05 and possibly 1.3845/50

Euro/Gbp This pair is still on downtrend basis with overall sideways movement, below 0.8700 is to 0.8690, below here would target 0.8665/70 then 0.8650/55 then 0.8630/35, while on the upside above 0.8720/25 is toward 0.8735 then 0.8745/50 then 0.8775/80

Aud/Usd This pair is still on uptrend, retracement at 1.0380/85, break is to 1.0315/25, below here would target 1.0265/70 and possibly 1.0215/20, while on the upside toward 1.0465/70 with resistance on the way at 1.0435/40, then 1.0495/00 and possibly 1.0560/70

Euro/Jpy This pair is still moving sideways bt. resistance & support, above 105.90/00 is toward 1.06.65/70 then 107.00/05 and possibly 107.85/90, while below 105.70/75 is toward 104.70/75 then 104.15/20

Gbp/Jpy This pair is still on uptrend, retracement at 121.40/50, break is to 122.35/40 then 122.65/70 and possibly 123.40/45, while on the downside toward Good Support at 120.50/60, below is to extend weakness to 120.10/15

Oil is still on uptrend, retracement at 90.70/75, break is toward 88.70/75 then 87.65/70 and possibly 85.35/40, while on the upside toward 94.00/10 then 95.55/60 and possibly 97.15/20

Gold is still on uptrend, retracement at 1699/00, break is to 1676/77 then 1671/72 then 1661/62, while on the upside high support at 1720/21, kept basing above is to extend power toward 1741/41 then 1747/48 then 1767/68

*** As I adviced Traders yesterday for today few hours from now Japan BOJ Monetary Policy and Intervention that is prepared at High Levels as Japan Fin. Min. Jun Azumi is assuring if EU Leaders do not reach to a solution today, so traders would go to safe haven currencies as CHF & JPY which would oblige the BOJ to intervene today.
Stay tuned and wait for coming Important News.

Have A Great Trading Day

257

Thank you. Kind Comments as yours give me the extra motivation to keep posting here my Daily Signals & Analysis, despite the huge daily effort I spend to analyze many pairs, Gold & Oil in short time so I post after a new daily candle is open by few time.
I really feel happy that traders all around the world are finding my posts as helpful, Gaining Big Money from the markets on a daily basis.

Regards,

ForexMoneyMaker

258

this is good signal thread.:13:

259

It certainly is. Here is one of my trades today, which triggered around midnight (UK time). Entry was about as good as it gets (which is just as well because I had a very tight stop). I closed 50% at the first S/T sell level. I did think about closing the whole trade and taking the S/T sell, but I really wasnā€™t expecting the strong 50 pip bounce!. I stuck it out to the next S/T sell level then closed the remainder of the trade. Total net pips +137.5 pips.

I still have a buy trade open on USD/JPY (currently +28 pips and stalling) which was triggered on the 75.70 S/T buy signal. My SL now at break-even so I wonā€™t lose any sleep over it.

Thank you FMM !!!

Dave

986Ɨ619

260

Hello Traders,

Forex Signals & Analysis for 28th October 2011:

Short Term Signals:

Usd/Chf Buy at 0.8465/70 then 0.8405/10, sell at 0.8815/20 then 0.8915/20

Usd/Jpy Buy at 75.50/55 then 75.30/35 then 75.00/05, sell at 76.35/40 then 76.55/60 then 76.85/90

Euro/Usd Buy at 1.3865/70 then 1.3715/20, sell at 1.4390 then 1.4480/85

Gbp/Usd Buy at 1.5945/50 then 1.5875/80 then 1.5800/05, sell at 1.6200/05 then 1.6250/55 then 1.6360/65

Medium Term Daily Analysis:

Usd/Chf This pair is still on downtrend, retracement at 0.8695/00, break is to 0.8820/30, while on the downside low is at 0.8585/90, below would wtend weakness to our short term buy signals

Usd/Jpy This pair is still on downtrend basis with overall sideways movement, retracement at 76.05, break is to our short term sell signals, while low is at 75.80/85, below would extend weakness to our short term buy signals

Euro/Usd This pair is still on uptrend, retracement at 1.4050/55 with high support at 1.4070/75, break is to 1.3900/10 then to our short term buy signals, while on the upside toward High at 1.4250/60, above would extend trend power to our short term sell signals

Gbp/Usd This pair is still on uptrend, retracement at 1.6030/40, break is to our short term buy signals, while on the upside toward high at 1.6175/80, above would extend trend power toward our shrot term sell signals

Usd/Cad This pair is on downtrend basis, retracement at 0.9990/00, break is to 1.0040/45 then 1.0085/95 then 1.0105/10 and possibly 1.0165/70, while on the downside low is at 0.9860, below owuld extend weakness toward 0.9825/30 and possibly 0.9785/90

Nzd/Usd This pair is still on uptrend, retracement at 0.8120/25 with high support at 0.8200/10, break is toward 0.8000/05, while on the upside high is at 0.8270/75, above would extend trend power toward 0.8340/45 then 0.8390/95

Euro/Chf This pair is still on downtrend basis with overall sideways movement, retracement at 1.2220/30, break is to 1.2280/85, above would target 1.2320/25 then 1.2360/65, while on the downside toward low at 1.2145/50, below would extend weakness toward 1.2125/30 then possibly 1.2060/70

Gbp/Chf This pair is still on downtrend basis, retracement at 1.3940/50 with low resistance at 1.3875/85 on the way, break is toward 1.4075/80 then possibly 1.4190/00, while on the downside toward low at 1.3800/10, below would extend weakness towatd 1.3695/00 then 1.3630/40

Euro/Gbp This pair is on uptrend basis today, retracement at 0.8760/65 with high support at 0.8775/80, break is toward 0.8730/40 and possibly 0.8700/10, while on the upside toward high at 0.8840/50 above owuld extend trend power toward 0.8885/90 then 0.8915/20

Aud/Usd This pair is still on uptrend, retracement at 1.0570/75, break is toward 1.0400/10, while on the upside toward high at 1.0825/35, above would extend trend power toward 1.0910/15 then 1.0990/95

Euro/Jpy This pair is still on uptrend, retracement at 106.85/90, break is to 106.15/20 then possibly 105.65/70, while high is at 108.75/85, above would extend trend power to target 109.00/05 then 109.60/65

Gbp/Jpy This pair is still on uptrend, retracement at 121.85/90, break is to 121.50/55, below would target 121.05/10 and possibly 120.50/55, while on the upside toward 123.00 then high at 123.30/40 and possibly 124.15/20

Oil is still on uptrend, retracement at 92.40/50, break is to 90.85/90 then 89.35/40 and possibly 88.10/15, while on the upside toward high at 95.65/75, above to extend trend power to target 96.50/55

Gold is still on uptrend, 1719/20 with high support at 1738/39, break is to 1707/08 then 1689/90, while on the upside toward 1767/68 then 1777/78 and possibly 1804/05

***BOJ again dissapointed the market and added to the Euro Summit positive news to boost the Euro and power many pairs that usually move as correlation especially commodity pairs as Usd/Cad & Aud/Usd & Nzd/Usd, Azumi didnā€™t take the green light from his master Noda who in his turn didnā€™t take the green light for his maters in the USA and as usual he wouldnā€™t angry them, it seem BOJ forgot pearl harbor or the Japanese lost their surprise habitā€¦just a joke
Anyway, Azumi recent comment is that no need for intervention if yen pairs corrected their movement, besides Euro Summit had put away yesterday possible intervention as I mentioned in previous post since a strong Euro would not help yen power and this is what happened yen weakening against all currencies except the dollar, simply because the dollar was weak against all currencies even the yen. But Azumi forgot that even when the Dollar powers the yen instantly do the same, this is why Usd/Jpy had been stuck in tight daily movement while when dollar weaken the yen still keeps little power to keep this pair down, this is a risk aversion formula, while currently the market is demanding risk with a weak dollar & yen.
So, to have a powerful dollar and weak yen I canā€™t see it anytime real soon unless US news data are promising with also traders & investors stop having illussions & fantasies about possible QE3, besides currently BOJ intervention would be the only answer but as said this is yet not seen clearly in the picture
Today important News Release is for the CHf Currency ā€œKOF Economic Barometerā€ that might lead to high volatility in Chf pairs and might mark a possible reversal from yesterday huge collapse.

Have A Great Trading Day

261

We Thank ā€œDayanā€ for the Good Compliment.

And, ā€œagent007ā€ continuing the Good Work despite I see you trading on a safe mode, you were more aggressive previously that led you to Big Gains but maybe after facing few losses you preferred to trade with more cautious but you forgot that losses come from time to time but more important is the long run Winning & profit %.

This safe mode made you miss some Great opportunities & all were at retracement levels as you like to trade as for Euro/Usd, Aud/Usd, Nzd/Usd, Euro/Jpy, Gbp/Jpy, also Euro/Chf and Huge Gain for Gbp/Chf, & Usd/Chf.

Anyway, you came out with Good Gain for Gbp/Usd which was the less gainer bt. all major big boosting pairs yesterday due to weak sterling but still more power than the weak dollar yesterday.

About the Usd/Jpy order, I prefer you to TP near 76.00 bt. 75.95/00 because as you must remember that the buy order is a short term signal even if itā€™s at historic low but you can always buy this pair at such level or little higher as 75.80/90 at anytime if not this pair marking new historic lows as traders & investors not taking BOJ warnings of intervention anymore seroius and upmove is mainly limited to the period of time bt. daily open candle and tokyo end session due to still fear of intervention which quickly disappear after Tokyo session end and this pair marks new historic low, you can surely leave an order open at such historic low price level for intervention possibility but just if you have another order open to gain from scalping this pair.

Enjoy your day

262

you can surely leave an order open at such historic low price level for intervention possibility but just if you have another order open to gain from scalping this pair.

Hello FMM. Yes, my intention was exactly that reason; As I am now in a long trade, I thought I would leave this one open (as my ā€œbanker tradeā€) just in case the Gods look down on me and give me an early Christmas presentā€¦

I have been trading very conservatively this week because of all the EU mess. It was nice to see some good moves today, even though I missed the easy ones!

Thanks

Dave

263

Yes, You surely missed the easy moves for many pairs(as mentioned in previous post) at Thursday, despite ā€œEuro messā€ that mustnā€™t stop us from trading especially Clear Great Opportunities at perfect Entry prices(at retracement as had been the case).
I believe that my advice for you about Usd/Jpy trading gave quick answer by the markets retesting many times the 75.70 level but again not bad to keep an order open at that price level and keep buying for short term gains as this pair consolidating and moving sideways in tight daily rangeā€¦I canā€™t guess when the BOJ would free up this pair.
Anyway, Scalpers are Top Happy by current movement( hoping all pairs move the same wayā€¦lol), they had already gained lot of money from many orders and 10 pips gain per order from many months till now which exceeds what an Intervention by the BOJ would let them gain.
Do not expect anything from the BOJ but only talks till they prove the opposite by actionsā€¦they lost their credibility, despite I think this pair might have a Good Boost by end of year even without intervention for many reasons related to financial situations of Big Japanese & other Companies & Banks at each end of yearā€¦
Hopefully, it might turn out to be your Christmas Gift but surely Azumi & Noda are no Santa Claus, so be cautious not to mix things around in your mind & well remember me for a Christmas Giftā€¦LOL

Have A Good Night

264

Hello Traders,

Forex Signals & Analysis for 31st October 2011:

Short Term Signals:

Usd/Chf Buy 0.8585/90 then 0.8565/70 then 0.8535/40, sell at 0.8665/70 then 0.8680/85 then 0.8710/15

Usd/Jpy Buy at 75.55/60 then 75.45/50 then 75.30/35, sell at 76.00/05 then 76.15/20 then 76.30/35

Euro/Usd Buy at 1.4105/10 then 1.4090/95 then 1.4050/55, sell at 1.4200/05 then 1.4225/30 then 1.4250/55

Gbp/Usd Buy at 1.6080/85 then 1.6035/40 then 1.6000/05, sell at 1.6175/80 then 1.6195/00 then 1.6240/45

Medium Term Daily Analysis:

Usd/Chf This pair is still on downtrend, retracement at 0.8670/80, break is to the other short term sell signal and Good Resistance is at 0.8800, while low is at 0.8545/55

Usd/Jpy This pair is still on downtrend basis with overall sideways movement, retracement at 75.85/90, break is to our short term sell signals while on the downside toward our short term buy signals

Euro/Usd This pair is still on uptrend, retracement at 1.4070/80, break is to target 1.4050/55, below here would extend weakness toward 1.4000, while on the upside toward High at 1.4250/60

Gbp/Usd This pair is still on uptrend, retracement at 1.6070/75, break is to 1.6030/35, below is toward 1.6000, then possibly to extend weakness toward 1.5950/55, while High is at 1.6215/25

Usd/Cad This pair is still on downtrend, retracement at 0.9965/75, break is to 1.0000/05 then 1.0030/35, while on the downside low is at 0.9840/50 with support on the way at 0.9870/80

Nzd/Usd This pair is still on uptrend, retracement at 0.8145/55, break is to 0.8125/30 then 0.8090/95, while on the upside is to 0.8255/60 then High at 0.8280/85

Euro/Chf This pair is still on downtrend basis with overall sideways movement, retracement at 1.2215/20, break is toward 1.2250/55 then 1.2265/75 and possibly 1.2295/00 while on the downside toward 1.2170/75 then low at 1.2155/60, below would extend weakness toward 1.2125/30

Gbp/Chf This pair is still on downtrend basis with overall sideways movement, retracement at 1.3935/45, break is to 1.3965/70 then 1.3990/95 and possibly 1.4055/60, while on the downside low is at 1.3855/60, below would extend weakness toward 1.3830/35 then 1.3790/95 and possibly 1.3750/55

Euro/Gbp This pair is still on uptrend, retracement at 0.8760/65, break is to 0.8735/40, below is toward 0.8715/20 and possibly to 0.8700, while on the upside toward High at 0.8815/25, above would extend trend power toward 0.8835/40 then possibly 0.8850/55

Aud/Usd This pair is still on uptrend, retracement at 1.0610/20, break is to 1.0580/85 while on the upside High is at 1.0850/60 with resistance on the way at 1.0745/50 then 1.0770/75 and 1.0810/15

Euro/Jpy This pair is still on uptrend, retracement at 106.80/90, break is to 106.55/60 then Good Support at 106.10/15, while on the upside toward 107.85/90 then 108.20/25 then High at 108.50/55

Gbp/Jpy This pair is still on uptrend, retracement at 121.90/95, break is to 121.70, below would target 1.2155/60 then 121.35/40, while on the upside toward 122.50/55 then 122.65/70 and High at 123.30/40 if breaks above Resistance at 122.95/00

Oil is still on uptrend, retracement at 92.70/75, break is to 91.90/95 then 91.10/15 and possibly 90.30/35, while on the upside is toward 94.60/65 then 95.15/20 and High is at 95.90/00

Gold is still on uptrend, retracement at 1728/29, break is to 1722/23 then 1712/13, while on the upside toward High is at 1749/50, above would power the trend toward 1756/57 then 1762/63 then 1772/73

Have A Great Trading Day

265

Hello Traders,

Huge Congratulations for Traders who held Buy Orders for Usd/Jpy pair or any other yen pair with BOJ Intervened in the market and currently trying to set a low limit above 79.00 similar to what SNB had done with Euro/Chf but I doubt BOJ would confess that(maybe at least till G20 at end of this week) they had set low limit but looking to this pair holding above 79.00 then taking it up to above 80.00 to set a limit there.
All other pairs were also Big Effected because Dollar Currency is Very Very Powerful against all currencies with Extraordinary buying power by Bank Of Japan.
During & After Intervention no Resistances & Supports are respected so better stay tuned but at standby.
I advice traders to Stand Aside for today or at least for some hours coming till everything is more clear in the Big Picture.
Just Remember well that the Dollar would stay powerful for sometime so might be a Good Idea to trade according to this currency power if any retracement happen for any pair after some hoursā€¦
Trillions of Yens and Billions of Dollars had & still being spent by Bank Of Japan to defend current held price for Usd/Jpy.
Would be interesting to see till when, what would be the next move and further coming announcements by the BOJ Officials or by Japan Finance Minister Jun Azumi.

Best Luck & Enjoy Your Day

266

Well, unfortunately for me, I had placed my pending orders just before bedtime, and by the time I had woken up, I was looking at a bloodbath!
After I had attended to the sick and wounded (positions that is), I was nearly 250 pips down. I did manage to close one trade at break-even.

USD/CAD Sell @ 0.9965 retracement. SL hit -50 pips
EUR/USD Buy @ 1.4080 retracement. SL hit -50 pips
USD/CHF Sell @ 0.8665 retracement. SL hit -50 pips
AUD/USD Buy @ 1.0620 retracement. SL hit -50 pips
GBP/CHF Sell @ 1.3935 retracement. SL hit -50 pips
EUR/GBP Buy @ 0.8765 retracement. Closed @ B/E 0 pips
USD/JPY Buy @ 75.6 ST entry. Target hit for +15 pips.

To rub salt into the wound, I also opted to go with the EUR/JPY retracement trade instead of GBP/JPY and of course the EUR/JPY didnā€™t get filled (missed my entry by 10 pips) which would have given me 160 pips of profit, whereas GBP/JPY would have triggered and given a good profit.

I guess this is the disadvantage of placing pending orders overnight, although I didnā€™t expect the impact of the BOJ intervention to affect currencies across the board. I think all pairs blew right through their retracement levels. Very unlucky for me, because I only missed the intervention by about 10 minutes or so and if I was still awake I could have mangaged things so much better.

Hope other traders had a much better time!

Dave

267

Hello Traders,

Forex Signals & Analysis for 1st Novemebr 2011:

Short Term signals:

Usd/Chf Buy at 0.8610/15 then 0.8540/45, sell at 0.8855/60 then 0.8895/00

Usd/Jpy Buy at 75.55/60 then 75.15/20, sell at 80.60/65 then 81.70/75

Euro/Usd Buy at 1.3685/90 then 1.3610/15, sell at 1.4155/60 then 1.4295/00

Gbp/Usd Buy at 1.5930/35 then 1.5865/70, sell at 1.6210/15 then 1.6270/75 then 1.6375/80

Medium Term Daily Analysis:

Usd/Chf This pair is trying to base on uptrend but currently Neutral squeezed bt. support at 0.8730/35, break is keeping downtrend targetting our short term buy signals and low is at 0.8660/70, and resistance at 0.8790/00, above would target our short term sell signals and possibly to Good Resistacne at 0.8925/30 then 0.8970/80 but would well filter below 0.9000

Usd/Jpy This pair is on uptrend basis after yesterday Intervention, retracement at 77.20/30, break is to 76.60/70, below would target our short term buy signals while on the upside High Support at 77.80/90, kept basing above is to target our short term sell signals

Euro/Usd This pair is basing on downtrend today, belwo retracement at 1.3920/25, break is to 1.3945/50, above here would target 1.4065/70 then to our short term sell signals and High is at 1.4200/10, while on the downside targetting our short term buy signals

Gbp/Usd This pair is still on uptrend, retracement at 1.6055/65, break is to 1.6030/35 then 1.5980/90, below is toward our short term buy signals while on the upsdie to target the short term sell signals and High is at 1.6230/40

Usd/Cad This pair is still on downtrend, retracement at 0.9990/00, break is to 1.0060/70, above would target 1.0090/95 then possibly extending power toward 1.0155/60, while on the downside toward 0.9905/10 then low at 0.9860/70, below is extending weakness to 0.9815/20

Nzd/Usd This pair turned Neutral today, squeezed bt. support at 0.8045/50, break is toward 0.7990/95 then 0.7950/55 and possibly 0.7845/50, and resistance at 0.8095/00, break is toward 0.8210/20 then High at 0.8250/60

Euro/Chf This pair is still on downtrend, retracement at 1.2185/95, break is to 1.2220/25 then 1.2255/60 and possibly 1.2290/95, while low is at 1.2130/40, below would extend weakness toward 1.2100/05 then Good Support at 1.2080/85

Gbp/Chf This pair is basing on uptrend today, above retracement at 1.4050/55, break is to 1.4030/35, below would target Good Support at 1.3885/90, while on the upside targetting 1.4120/30, above is toward 1.4220/25 then 1.4280/85

Euro/Gbp This pair is on downtrend, below rertacement at 0.8675/80, break is to 0.8705/10, above is toward 0.8775/80, while low is at 0.8595/00, below would extend weakness toward 0.8520/25 then 0.8475/80

Aud/Usd This pair turned Neutral, squeezed bt. support at 1.0455/65, break is to 1.0430/35 then 1.0380/85, and resistance at 1.0555/65, above would keep uptrend targetting 1.0705/10 then 1.0785/90

Euro/Jpy This pair is still on uptrend, retracement at 107.90/95, break is to 106.95/00 then 105.60/65, while on the upside toward High at 109.00 then 109.45/50, above would extend trend power toward 111.85/90

Gbp/Jpy This pair is still on uptrend, retracement at 124.10/20, break is to 122.45/50, while High Support at 125.00/05, break is to 124.70/75, kept basing above would target 128.90/95

Gold turned Neutral bt. resistance at 1716/17, break is to 1731/32 then High at 1746/47, and support at 1689/90, break is to 1673/74 then 1669/70

Oil is still on uptrend, retracement at 92.40/50, break is to 90.90/95 then 90/05/10 and possibly 88.85/90, while on the upside toward 94.20/25 then 95.00/10 and High is at 95.70/80

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

  • UK GDP: Buy Gbp/Usd if 0.6% or above while sell if 0.2% or below

  • US ISM Manufacturing PMI: Buy Usd/Chf & Usd/Jpy if 54 or above while Buy Euro/Usd & Gbp/Usd if 50 or below

***After Yesterday Intervention by the BOJ which we were long waiting holding Long orders for Usd/Jpy pair, at last the Prize was Big Big Big. All Currencies weakened fast against the Dollar Currency during & also after the Intervention especially the Euro/Usd that kept falling downward.
I expect retracement movement for some pairs today especially those that had big Bullish or Bearish daily candle closes yesterday. So, it would not be a bad idea to trade at retracement today with being cautious as always for the possibility of a breakout especially for pairs that are currently holding around or near retracement price level
There have been talks about Round 2 of Intervention today but I ruled that out but not 100% despite that I cheer the idea of second & even third Intervention in consecutive days till Usd/Jpy pair bases above 80.00 if not 82 & 85, so sellers of this pair understand once and forever not to send it to new or past historic lows anymore.
Anyway, if they do that again, it would be a new opportunity for us to gain more Big Money again buy buying at dips.

Have A Great Trading Day

268

Yes, It is not always right to set pending orders especially for the Medium Term Daily Analysis because price action also have Big Impact in the equation. I thought you had an order open for Usd/Jpy at 75.70 and you were waiting for Intervention. What happened. Besides, Why set a TP for Usd/Jpy at small pips at time when itā€™s Highly possible that Intervention might occur, you could had set it for example at 80 and woke up to see market price still very High above 79.
When BOJ intervene they Buy Dollars, so this is why the Dollar Currency powers a lot at such situation as Traders, Hedge funds, Investorsā€¦ all enter the market by following the flow and also buying dollars as risk aversion turns on.
It is not a big problem to miss watching the intervention despite it is really exciting looking at the Big Spike and Big Money keep ringing in your account at every additional more spike but the problem is why not keep an order open for this pair and setting high pips gain not small. A single Usd/Jpy order could had covered all your other losses and more gain added
Anyway, not a disaster you can always cover some losses that occur time to time. Do not take it too serious, relax, keep focus and concentration at all times.

Enjoy your day