Hello Traders,
First of all, would like to Thank Hubinator by helping in posting my Medium Term Analysis Results despite that they are as he thinks was best to be traded, but in general good entries and exits. I’ll daily comment on them to fix some & assure the others so all traders better understand the main idea of this strategy & how it works best.
Most of times under normal market movement, of course not the case yesterday, entries and exits must be followed precisely as my Medium Term Daily Analysis contents.
Usd/Chf breakout strategy from retracement at 0.9350/60 to target last short term sell signal at 0.9425/30
Usd/Jpy trade the retracement as “above 77.90/95” which mean this is the resistance of the day, it went all the way down to last short term buy signal at 77.50/55 which is the exit then perfect buy here if you like
Euro/Usd was best traded as breakout strategy from 1.3040/50 to target 1.3000 which was last short term buy signal.
Take Note that Short Term Signals Entries were close to each other yesterday because of previous day short daily range, so TP from breakout was not big, this pair went to big fall and it’s always a bonus to join the ride.
Gbp/Usd Breakout from retracement 1.5645/50 to last short term buy signal 1.5500/05, as you see big pips gain than Euro/Usd because this pair had much better wide daily range in previous day than Euro/Usd
Usd/Cad trade the retracement at 1.0205 to last said target exactly at 1.0125/30 then there was the possibility to trade the breakout of retracement after the dollar currency powered at mid-end of day to target exactly last target 1.0245/50
Nzd/Usd trade the breakout of retracement from 0.7710/20 to second said target 0.7680/85, market price reached 0.7671 shy of few pips of last target at 0.7660/65
Euro/Chf trade the retracement 1.2215/20 to second exit target 1.2175/80
Gbp/Chf trade the breakout “below 1.4600” exit is at last said target exactly at 1.4540/45
Aud/Usd trade the breakout from retracement 1.0140/50 to last said exit target 1.0090/95
Euro/Jpy trade the breakout from "below 101.65/70 exit target at last target 101.35/40 despite that market went more downward to past historic low at 100.70, **before also breaking it today to 100.05(mentioned in today last target analysis for this pair)
Gbp/Jpy trading the breakout “below 121.65/70” exit target is last said price level at 120.95/00 despite market price went all the way down to 120.30 which is a bonus gain but not preferable as for long term since better adapting strictly to this strategy rule for exits, unless you are a Good Trader and well know that weakness would extend more as in this pair case yesterday.
Hopefully, I helped all traders better understand my Medium Term Daily Strategy as overall and for yesterday precisely.
Short Term Daily Signals in such crazy market as yesterday is not preferable because it’s best for normal market movement since it’s a counter trend or bounce trading strategy.
I would like to ask Hubinator to try using my entry and especially exit targets while using this strategy as I explained above
especially while appreciable posting daily results of previous day because most important in any strategy is that a Trader apply it accurately with no daily exception or change
Reminder, the targets I mention in my Medium Term Daily Analysis as for example Nzd/Usd “0.7695/00 then 0.7680/85 and 0.7660/65” are mainly Take Profit targets despite that they can also used as stop loss and sometimes entries if they appear to be the high or low of the day as I mention sometimes for a pair/s "high at, low at"
For example Usd/Cad last downside target at 1.0125/30 was exact exit TP for breakout strategy and Good entry buy order which resulted in this pair extraordinary going back to retracement 1.0205 and breaking it too to last upside target at 1.0245/50, so we had 2 scenarios and both very profitable for this pair.
Surely, No Trader must use all pairs for trading because it would complicate you, it needs much concentration to enter and exit especially that many pairs are correlated and market price mostly reach entry & exit for many pairs at same time respectively and also you’ll need a big account for that. Certainly, if you manage all that you’ll gain daily big money.
But in General, A Trader can trade his preferred pair/s, as you saw as with Usd/Cad example for yesterday that sometimes you can gain big money from just concentrating at one pair while other times you might better choose best pair/s to trade for the day where picking might make all the difference since some pairs might not target my said Daily Analysis.
Best Luck Traders
