About Usd/Jpy pair, God forgive you for entering a buy at 77.85.
Brilliant!
Just touching base as I haven’t been posting recently. I continue to trade these brilliant signals and nice to see some other traders posting here too.
I would like to wish all traders (and especially FMM) a very happy, peaceful and prosperous New Year. God bless you all.
Dave
[B]Results 30.12.[/B]
[B]Usd/Chf [/B]= Short trade with breaking of retracement line @ 0.9390/00, good exit was at support 3 @ 0.9346 for a profit of [B]+40 pips[/B].
[B]Usd/Jpy[/B] = Early in the Asian session this pair would spike up to slightly cross the retracement line and the go down, so a valid short trade @ 77.70, TP @ 77.50 reached for [B]+20 pips[/B], but if held longer a good possibility to exit this trade was around 77.00, so overall a profit of +70 pips could have been cashed in.
[B]EUR/USD[/B] = Short with breaking of the retracement line @ 1.2975/85. TP not reached, so traders had to find their own exit. I think a possible exit was between 1.2940 -1.2960, so a profit of 20-40 pips could have been achieved.
[B]GBP/USD[/B] = Long with breaking of the retracement line @1.5475 as there was a clear upward breakout. Possible exit at support 3 @ 1.5530 for a profit of [B]+50 pips[/B] or slightly better.
[B]USD/CAD [/B]= Short @ 1.0210, exit at TP1 @ 1.0160/65 for a profit of [B]+50 pips[/B].
[B]NZD/USD[/B] = no trade
[B]EUR/CHF[/B] = no trade
[B]GBP/CHF[/B] = Long @ 1.4540/50, TP1 @ 1.4595 reached, so a profit of [B]+40/50 pips[/B].
[B]EUR/GBP[/B] = Short @ 0.8380/85, TP1 @ 0.8360/65 and TP2 @ 0.8345/50 reached, so a profit of +20/25 or +30/35 was possible.
[B]AUD/USD[/B] = no trade
[B]EUR/JPY[/B] = no trade
[B]GBP/JPY[/B] = no trade
Hello Traders,
Forex Signals & Analysis for 2nd January 2012:
Short Term Signals:
Usd/Chf Buy at 0.9320/25 then 0.9295/00 then 0.9250/55, sell at 0.9440/45 then 0.9470/75 then 0.9510/15
Usd/Jpy Buy at 76.45/50 then 76.25/30, sell at 77.65/70 then 78.00/05
Euro/Usd Buy at 1.2890/95 then 1.2855/60 then 1.2810/15, sell at 1.3020/25 then 1.3045/50 then 1.3995/00
Gbp/Usd Buy at 1.5400/05 then 1.5335/40, sell at 1.5635/40 then 1.5675/80
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.9390/95, break is to 0.9360/70, below here is needed to change trend direction toward our short term buy signals, while on the upside toward our short term sell signals and high is at 0.9495/00
Usd/Jpy This pair is still on downtrend, low resistance at 77.10/20, break is to retracement at 77.35/40, above is to our short term sell signals while on the downside kept below low resistance is powering the trend toward our shot term buy signals
Euro/Usd This pair is still on downtrend, retracement is at 1.2955/60, break is to our short term sell signals with 1.3000 barrier on the way, while on the downside toward our short term buy signals
Gbp/Usd This pair is still on downtrend, retracement at 1.5510/20, break is to our short term sell signals and Good Resistance at 1.5580/90, while on the downside toward low at 1.5400/05, below is to extend trend power to the other short term buy signals
Usd/Cad This pair is still on downtrend, retracement at 1.0200/05, break is to 1.0220, above is toward 1.0240/45 then 1.0255/60 then possibly 1.0295/00, while on the downside toward 1.0155/60 then 1.0130/35 Good Support, below is to 1.0105/10
Nzd/Usd This pair is still on uptrend basis, retracement at 0.7745/50, break is to 0.7725/30, below would target 0.7690/95 then 0.7655/60, while on the upside toward 0.7835/40 then High at 0.7860/70
Euro/Chf This pair is still on downtrend, retracement at 1.2175/80, break is to 1.2195/00, above here would target 1.2210/15 then 1.2240/45, while on the downside toward 1.2125/30 Good Support, below would target 1.2105/10 then possibly toward Crucial Barrier at 1.2085/90
Gbp/Chf This pair is neutral, moving in tight range bt. Good support at 1.4570/80, break is to 1.4485/90 then 1.4440/45, and Resistance at 1.4600, break is to 1.4640/45 then 1.4665/70
Euro/Gbp This pair is on downtrend basis, retracement at 0.8350/60, break is to 0.8405/10 then 0.8435/40, while on the downside toward 0.8290/95 then 0.8270/75
Aud/Usd This pair is still on uptrend basis, retracement at 1.0170/80, break is to 1.0140/45, below is to 1.0100/05 then 1.0055/60, while on the upside toward 1.0295/00 then high at 1.0325/35
Euro/Jpy This pair is still on downtrend, retracement at 100.15/20, break is to 100.65/70 then 101.15/20, while on the downside below low at 99.30/35 is to power the trend toward 98.95/00 then 98.65/70
Gbp/Jpy This pair is still on downtrend, low resistance is at 119.40/50, break is to retracement at 119.95/00, break is to 120.10/15 then 120.35/40, while kept below low resistance is powering the trend toward 119.00/05 then 118.80/85
Have A Great Trading Day
I would like to quickly share an Important Trading Tip with you that was found in the Euro/Gbp Pair at the 30th December 2011 Day.
Perfect Short as breakout of retracement 0.8380/85 then TP at 0.8360/65. As you had realize that I mentioned “below here 0.8360/65” which mean that this is a Good Support level and that is what happened by market price bouncing at first hit of this level back to retracement at 0.8380/85 before continuing again the collapse at more test of the said support.
Meaning, Traders must always Take Profit( or exit according to the situation of the pair) at price levels I mention “above here” or “below here”, then wait for another opportunity to execute a new order if you saw that market price have good flow to test and break the level.
In the above case, you could had sold at retracemet 0.8380/85 TP at 0.8360/65, then sold again at retracement and left TP running toward the later targets, so you put 20/25 pips in your pocket and even if market price didn’t break 0.8360/65 at following attempt or test, you can at worst close at breakeven and you’ll be in a Win Win Situation.
This is the Tip I liked to share with you, hopefully it would help you in daily trading further on and better understanding my analysis…
Best Luck
hello im really trying to understand the signals but i dont get it please help me i read your first post… btw
" Usd/Chf This pair is still on uptrend, retracement at 0.9390/95, break is to 0.9360/70, below here is needed to change trend direction toward our short term buy signals, while on the upside toward our short term sell signals and high is at 0.9495/00"
can you please tell me when should i buy or sell ? where to set SL and TP? thanks… sorry im just month old trader
Hello,
ok, let me explain on how I understand these signals to be traded. MM hopefully will comment on my explanation.
This is what you need to do:
Check your chart to see in which direction a pair is heading. As you wrote, USD/CHF was on uptrend; so you prepare for a potential long trade.
If USD/CHF touches the retracement line and then follows the direction of the main trend, you would place a buy order. If USD/CHF clearly breaks the retracement line and goes into the opposite direction of the main trend, you would place a sell order.
As you can see from the image, USD/CHF broke the retracement line, so you would place a sell order. I personally use MACD and RSI as indicators to confirm my trading decision. RSI was <50 and MACD was in negative territory.
thank you for your reply… I really appreciate how you help people understand this… may i know where is the retracement line on that image?
and how do i use RSI and MACD? i kinda knew how to use it before but i would just like to confirm.
Hello Traders,
Forex Signals & Analysis for 3rd January 2012:
Short Term Signals:
Usd/Chf Buy at 0.9325/30 then 0.9295/00 then 0.9265/70, sell at 0.9440/45 then 0.9460/65 then 0.9510/15
Usd/Jpy Buy at 76.80 then 76.75 then 76.65/70, sell at 77.00 then 77.05/10 then 77.15
Euro/Usd Buy at 1.2900/05 then 1.2885/90 then 1.2855/60, sell at 1.2970/75 then 1.2990/95 then 1.3015/20
Gbp/Usd Buy at 1.5455/60 then 1.5430/35 then 1.5395/00, sell at 1.5560/65 then 1.5580/85 then 1.5625/30
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.9385/90, break is to 0.9365/70, below is to our short term buy signals while on the upside toward our short term sell signals and high is at 0.9495/00
Usd/Jpy This pair is still on downtrend, low resistance at 76.95/00, break is to retracement at 77.10/20, above would target 77.50/60 then possibly 77.70/75, while kept below low resistance is toward our short term buy signals
Euro/Usd This pair is still on downtrend, retracement at 1.2950, break is to our short term sell signals while on the downside toward our short term buy signals
Gbp/Usd This pair is still on downtrend, retracement at 1.5510/20, break is to our short term sell signals with Good Resistance at 1.5570/80, while on the downside toward our short term buy signals and low is at 1.5395/00
Usd/Cad This pair is still on downtrend, retracemnt at 1.0195/05, break is to 1.0215/20 then 1.0225/30, while on the downside toward 1.0170/75 then 1.0160/65 then 1.0145/50
Nzd/Usd This pair is still on uptrend, retracement at 0.7760/65, break is to 0.7735/45, below here would target 0.7725/30 then 0.7700/05, while on the upside toward 0.7810/15 then 0.7825/30 then toward high at 0.7855/65
Euro/Chf This pair is still on downtrend, retracement at 1.2165, break is to 1.2180/85 then 1.2190/00, above here would target 1.2215/20 and possibly 1.2240/50, while on the downside toward 1.2125/30, below here would target 1.2110/15 then to Crucial Support at 1.2085/95
Gbp/Chf This pair is still neutral, below 1.4560/65 is toward 1.4505/10 then 1.4475/80 and possibly 1.4440/45, while above 1.4595/00 is toward 1.4620/25 then 1.4640/45 then possibly to 1.4690/95
Euro/Gbp This pair is still on downtrend, retracement at 0.8350/60, break is to 0.8370/75 then 0.8880/85 then 0.8890/95, while on the downside toward 0.8320/25 then 0.8310/15 then 0.8295/00
Aud/Usd This pair is still on uptrend, retracement at 1.0195/05, break is to 1.0175/80 then 1.0160/65, while on the upside toward 1.0250/55 then 1.0260/65 then 1.0285/95
Euro/Jpy This pair is still on downtrend, retracement at 99.85/95, break is to 100.05/10 then possibly all the way to target 100.90/95, while on the downside toward 99.20/25 then low at 99.10/15, below would power the trend toward 98.85/90
Gbp/Jpy This pair is still on downtrend, retracement at 119.60/65, break is to 119.80/85 then 120.10/15 then possibly all the way to target 120.80/90, while on the downside toward low at 119.00/10, below would power the trend toward 118.85/90 then 118.65/70 then possibly 118.40/50
Oil is on uptrend, retracement at 99.55/65, break is to 99.20/25 then 98.80/85, whiel on the upside toward 100.55/60 then 100.85/90 then 101.25/30
Gold is on downtrend, retracement at 1569/70, break is to 1586/87, while on the downside toward 1560 then 1549/50 then 1545, below is toward 1522/23
We have Important News Releases today for the Sterling & Dollar Currencies:
UK Manufacturing PMI: Buy Gbp/Usd if 49 or above while sell if 45 or below
US ISM Manufacturing PMI: Buy Usd/Chf & Usd/Jpy if 55 or above while Buy Euro/Usd & Gbp/Usd if 51 or below
US FOMC Meeting Minutes: Well, Here would look at the language used by FED in its statement if Hawish that would power the dollar while if dovish then the dollar would weaken.
Also, other news but not tradable are Euro German Unemployment Change, a postive % would power the Euro currency while a negative one must extend this currency weakness, and Chf SVME PMI which would effect Chf pairs as mainly Euro/Chf. Gbp/Chf & Usd/Chf, but in general as I had said in past Chf news, nobody would weaken this currency but some SNB member or Chairman Hildebrand coming out from time to time with some powerful verbal warning against the kept powering of this currency, because we had been getting all kinds of bad data and still Chf keep the power…
Have A Great Trading Day
Good Explanation. Would like to add that indicators like RSI & MACD are simple and Good with no headache learning how they work by a forex newbie, also the CCI & Stochastic are Good Indicators but as an always principle I created “the less noise on your chart the better”. Meaning, no need to design your chart with all mt4 possible indicators but with useful and ones you well know how they work.
Besides, for breakout & retracement strategies that are related, this or that would occur or be used by a Trader according to the situation for Medium Term Strategy, other than also highs & lows that are traded from time to time when the opportunity appear. Ofcourse, Price Acton have Big Role in the overall equation so better well learn it.
I prefer the use of 5 minute chart to define if the pair/s would be best traded as retracement or breakout strategy at time of market price nearing it, despite that 15 minute chart is also Good as showing the coming overall trend movement.
As you see the chart above, how the market price tested retracement at 0.9390/95 before the breakout had occur, this ewould always be the case, market price would not easily break retracement if a breakout is possible at first. Retracement is not a thin paper that fly by small wind flow…lol
It would always try with some Good candles, so even if you had entered a buy at retracement(in this case) if you don’t know how to trade a breakout & prefer trading the retracement, you’'ll have much time to exit at breakeven, as the pic chart clearly show above. Market price broke the retracement and tested it again before continuing the breakout successfully by widening the lower band toward next support levels. This would mainly be an always process, "test test test then break then bounce back and test retracement then continue the breakout or back to retracement if false breakout. This is where the said above indicators are useful to give you the clear view to enter or not a trade by seeing it valid or it.
Certainly, by time you’ll more understand this especially after seeing & trading many many many such situations.
Regarding TP & SL, it’s mainly 50 and above pips for the first while 50 pips for the second. But for SL you can quit much earlier if you well understand price action and also breakout strategy well as I explained in the above chart example.
While TP can easily be reached at 50 pips especially when market price is moving normally & smoothly for any pair and mentioned 3 targets for each pair are also Good Exits for TP and can also be useful for SL.
A Trader must only focus on perfecting the breakout & false breakout strategy besides the easy retracement or swing strategy and all the rest would be simple since I provide you with clear very accurate targets for exit other than the also very accurate entry targets…
Best Luck
The retracement line is the purple horizontal line.
I use the MACD indicator to confirm the forming of a new trend. You can see from the image (red cirle) when USD/CHF first broke the retracement line, the histogram of the MACD would turn negative and remain so, thus confirming a short trend.
The RSI in general indicates overbought (70) and oversold (30) situations and also indicates the current price movement, that is to say if the RSI crosses the 50 line from above downwards, you have a downward movement and vice versa.
[B]Results 02.01.[/B]
[B]USD/CHF[/B] = Long with the breaking of the retracement line. We saw a little upward movement, then this pair would spike down close to our SL and then go up again. Not sure what result to post, but I think this was rather a break even trade or a little profit for +10 pips.
[B]USD/JPY[/B] = Short early in the Asian session. As no TP level was indicated, traders had to find their own exit. Probably good for + 20 pips when closed at support 2 @ 0.7686, but one still could have held this position open.
[B]EUR/USD[/B] = Short with touching the retracement line. Good exit was at support 1 @ 1.2920 or a little bit higher for a profit of [B]+20/30 pips[/B].
[B]GBP/USD[/B] = Short with touching the retracement line. Possible exit at support 1 @ 1.5480 for [B]+30 pips[/B] or break even when held longer.
[B]USD/CAD[/B] = Short with touching the retracement line. None of the TP targets hit, so rather a break even trade if not kept open. Later early in the Asian session there was a beautiful break down to TP1 and (right now as I write this) even close to TP2 @ 1.0130/35. So if kept open we would be at +60-70 pips.
[B]NZD/USD[/B] = no trade
[B]EUR/CHF[/B] = Short with touching the retracement line. No TP level hit, so rather a break even trade or good for a small win of +10-20 pips.
[B]GBP/CHF[/B] = Pretty much the same price movement as for USD/CHF, so probably a break even trade or small win of +10-20 pips.
[B]EUR/GBP[/B] = Short with touching the retracement line. No tp level reached, so rather a break even trade or a small profit of +10-20 pips.
[B]AUD/USD[/B] = no trade
[B]EUR/JPY[/B] = no trade
[B]GBP/JPY[/B] = Short a retracement line, TP1 @ 119.00/05 reached, so a profit of [B]+30 pips[/B].
Overall, a very difficult trading day, probably due to the lack of liquidity as Japan, USD, Hongkong, CHF and GBP had closed due to a public holiday. So the only pair that was really tradeable according to the strategy and hit a tp level was GBP/JPY.
So I will post this as our first valid result for the day.
Result 02.01.: [B]+ 30 pips[/B]
Euro/Usd Buy at 1.2900/05 then 1.2885/90 then 1.2855/60, sell at 1.2970/75 then 1.2990/95 then 1.3015/20
thangs for the suggestion - you have also some ideas for the short side, mean go short by 1.2850 ???
best regards
Hello Traders,
Forex Signals & Analysis for 4th January 2012:
Short Term Signals:
Usd/Chf Buy at 0.9265/70 then 0.9240/45, sell at 0.9395/00 then 0.9435/40 then 0.9475/80
Usd/Jpy Buy at 76.50/55 then 76.40/45 then 76.20/25, sell at 76.95/00 then 77.10/15 then 77.25/30
Euro/Usd Buy at 1.2925/30 then 1.2870/75, sell at 1.3125/30 then 1.3160/65 then 1.3250/55
Gbp/Usd Buy at 1.5500/05 then 1.5435/40, sell at 1.5730/35 then 1.5770/75
Medium Term Daily Analysis:
Usd/Chf This pair reversed to downtrend today, retracement at 0.9345/50, break is to 0.9365/70, above here is toward our short term sell signals, again reviving uptrend while on the downsidetoward our short term buy signals
Usd/Jpy This pair is still on downtrend, low resistance at 76.75/80, break is to retracement at 76.95/00, above would target the other short term sell signals and possibly toward 77.45/50, while on the downside kept below low resistance is powering the trend toward our short term buy signals
Euro/Usd This pair is on uptrend basis today, above retracement at 1.3010/20 but would face resistance at 1.3060/65, a base above here is needed to confirm uptrend targetting our short term sell signals, while on the downside below retracement is toward our short term buy signals
Gbp/Usd This pair is on uptrend basis today, retracement at 1.5575/85, break is to our short term buy signals, whie on the upside toward our short term sell signals and Good Resistance at High 1.5735/45
Usd/Cad This pair is still on downtrend but might had marked a reversal price level yesterday at 1.0075 and going up from there on…(days coming would more prove this analysis conclusion), retracement at 1.0140/50, break is to 1.0200/05 then 1.0245/50 and possibly 1.0295/00, while on the downside toward low at 1.0075/80, below is powering the trend to target 1.0035/40 then 1.0000/05
Nzd/Usd This pair is still on uptrend, retracement at 0.7830/40, break is to 0.7785/90 then 0.7730/35, while on the upside would face double tough resistance at High 0.7805/10, break if possible would extend trend power to target 0.7955/60 then 0.7985/90
Euro/Chf This pair is still on downtrend, retracement at 1.2170, break is to 1.2190/00, above would target 1.2210/15 then 1.2230/35 Good Resistance and possibly toward 1.2260/70, while on the downside toward Good Support at 1.2145/50, break is to target 1.2135/40 then 1.2125/30 and possibly toward low and crucial support at 1.2090/00
Gbp/Chf This pair is still neutral moving sideways, above 1.4600 is toward 1.4645/50 then 1.4680/85 and possibly 1.4735/40, while below 1.4570/75 is toward 1.4505/10 then 1.4465/70 and possibly 1.4420/25
Euro/Gbp This pair is still on downtrend after many tests to base on uptrend but always failing and ending day kept at home on downtrend…lol, retracement at 0.8345/55, break is to 0.8370/75 then 0.8385/90 and possibly 0.8405/10, while on the downside toward0.8310/15 then 0.8300/05 and possibly 0.8275/80
Aud/Usd This pair is still on uptrend, retracement at 1.0290/00, break is to 1.0235/40 then 1.0175/00, while on the upside would face resistance at High 1.0375/80, break is powering the trend toward 1.0450/55 then 1.0485/90
Euro/Jpy This pair is still on downtrend, retracement at 100.20/30, break is to 100.60/65 then 100.80/85 then 101.35/40, while on the downside toward 99.35/40 then 99.00/05 then possibly 98.65/70(Buy)
Gbp/Jpy This pair is still on downtrnd, retracement at 120.15/20, break is to 120.55/60 then 120.75/80 and possibly 121.40/45, while below 119.90 is toward 119.20/25 then 118.75/80 and possibly 118.40/45
Oil is still on uptrend, retracement at 101.45/50, break is to 100.35/40, below would target 99.85/90 then 98.35/40, while on the upsdie toward High at 104.05/10, above is powering the trend toward 104.65/70 then 105.45/50
Gold reversed to uptrend, retracement at 1590/91, break is to 1568/69 then 1552/53, while on the upside would face resistance at 1622/23, above would target 1632/33 then possibly 1658/59
We have an Important News Release for the Sterling Currency today:
Have A Great Trading Day
[B]Results: 03.01.[/B]
[B]Usd/Chf[/B] = Short @ 0.9385/90, TP1 @ 0.9365 reached for a profit of [B]+20 pips[/B]. If held longer good exits were in the range of 0.9310-0.9320 for a higher profit of +60 pips.
[B]Usd/Jpy[/B] = Short @ 76.95/00. Since no tp target was indicated, I think a good exit was at support 1 @76.63 for a profit of +30 pips.
[B]EUR/USD[/B] = Long @ 1.2950 trading the breakout. Good exit at resistance 1 @ 1.3074 or a little bit lower @ 1.3050 for a profit of [B]+100[/B]/120 pips.
[B]GBP/USD[/B] = Long @ 1.5510/20 trading the breakout. TP1 @ 1.5570/80 reached for a profit of [B]+50 pips[/B], but if held longer one could have found a good exitat resistance 1 @ 1.5667 or a little bit lower for an overall profit of +100/150 pips.
[B]USD/CAD[/B] = Short @ 1.0195/05 early in the Asian session. All three TP levels were reached (1.0170/75 then 1.0160/65 then 1.0145/50) for a sure profit of [B]+50 pips[/B], but if held longer a good exit was a support 1 @ 1.0082 for a profit of +80 pips.
[B]NZD/USD[/B] = no trade
[B]EUR/CHF[/B] = Long @ 1.2165 (breakout); tp 2 @ 1.2190/00 reached for a profit of [B]+20/25 pips[/B].
[B]GBP/CHF[/B] = Short @ 1.4560/65, no tp targets reached, so probably a break even trade.
[B]EUR/GBP[/B] = Not sure what to post here since this pair was bouncing up and down the retracement line the entire day. No matter which direction traded, I think this was a break even trade since no tp levels were reached.
[B]AUD/USD[/B] = no trade
[B]EUR/JPY[/B] = Long @ 99.85/95, TP1 @ 100.05/10 reached for a profit of [B]+15/20[/B] pips.
[B]GBP/JPY[/B] = Not sure what to post for this pair as it was bouncing up and down the retracement line for several hours. Haven taken a short trade, this would have ended up with a loss of -50 pips whereas a long trade would have been profitable with reaching TP2 @ 120.10/15 for a profit of +50 pips. Preferably a long trade since UK data came in a little bit better than expected.
So my results for this day are:
USD/CHF: +20 pips
EUR/USD: +100 pips
GBP/USD: +50 pips
USD/CAD: +50 pips
EUR/CHF: +20 pips
EUR/JPY: +10/20 pips
Day: +250 pips
January: +280 pips
Good Consistent Hard work Hubinator for posting daily results.
Would like to quickly have some remarks on your understanding about how you trade the Medium Term Strategy.
It is best to keep stick to my exit targets, there’s no “if held longer”, there’s traders exit at exact exit targets, from tiem to time especially in no volatile market targets might not be targeted but most of the time they’ll be.
Most Importantly is that there are always targets for the major 4 pairs, the exit targets are the short term buy or sell signals if you had not yet realized that, as I say in my analysis, on the down or upside is to our short term buy or sell signals…
those are the exits or TP, so take note about this…
For example Usd/Jpy last target was the last short term buy signal 76.65/70, while Gbp/chf surely had good entry at breakout of 1.4560/65, market price had hit 1.4518, around 8 pips shy of our first target, ofcourse you’ll not wait till it come to breakeven to close instead of at around 35/40 pips profit. There are surely some few tricky situations sometimes that need some quick action by the trader.
Besides, Euro/Usd & Gbp/Usd- had all targets hit, so you exit for the latter at 1.5625/30, no need for greedy or predicting more spike, stick to your strategy rule is best not for 1 extraordinary market movements day but for all year trading days…
Also, would like you to post the daily results but with quote of my original signals & analysis post of day you’re talking about so traders would clearly see what’s being talk about…
Best Luck Hubinator
Hello Traders,
Forex Signals & Analysis for 5th January 2012:
Short Term Signals:
Usd/Chf Buy at 0.9305/10 then 0.9255/60 then 0.9200/05, sell at 0.9490/95 then 0.9525/30 then 0.9605/10
Usd/Jpy Buy at 76.55/60 then 76.45/50 then 76.35/40, sell at 76.85 then 76.90/95 then 77.05
Euro/Usd Buy at 1.2840/45 then 1.2795/00, sell at 1.3080/85 then 1.3145/50
Gbp/Usd Buy at 1.5555/60 then 1.5530/35 then 1.5485/00, sell at 1.5680/85 then 1.5710/15 then 1.5755/60
Medium Term Daily Analysis:
Usd/Chf This pair is again on uptrend, retracement at 0.9380/90, break is to our short term buy signals while on the upside toward high at 0.9490/00, above would power the trend toward the other 2 short term sell signals
Usd/Jpy This pair is still on downtrend, retracement at 76.85, break is to the other short term sell signals while on the downside looking to had form a base at low 76.60, below would power the trend toward the other 2 short term buy signals
Euro/Usd This pair reversed again to downtrend after failing to base above 1.3060/65 as said yesterday, retracement at 1.2965, break is to 1.2990, above would mix the picture again to target our short term sell signals while on the downside toward our short term buy signals with low at 1.2835/45
Gbp/Usd This pair is still on uptrend after well holding above yesterday retracement(1.5575/85), today retracement is at 1.5590/95, break is to 1.5565/70, below here would target our short term buy signals while on the upsdie toward our short term sell signals
Usd/Cad This pair is still on downtrend, retracement at 1.0140/50, break is to 1.0165/70 then 1.0185/90 then 1.0215/20, while on the downside toward 1.0085/90 then low at 1.0065/75, below would power the trend toward 1.0035/40. This pair had been trading for many many days the retracement level Very Good but today is an important news for the Canadian dollar currency, so we’ll see if finally breakout would appear after I had analyzed yesterday that possible reversal at 1.0075 might had been formed. Lets wait and see, ofcourse ready for all possible scenarios…
Nzd/Usd This pair is still on uptrend, retracement at 0.7840/50, break is to 0.7820/25 then 0.7795/00, while on the upside facing resistance at 0.7910/20, above is to target 0.7930/35 then 0.7955/60
Euro/Chf This pair turned neutral today ahead of tomorrow crucial news release for the Chf currency, above 1.2190 is toward 1.2205/10 then 1.2220/25 then 1.2240/45, while below 1.2175/80 is toward 1.2155/60 then 1.2140/45 and possibly 1.2125/30
Gbp/Chf This pair is on uptrend today after many past neutral sideways days but perfect breakout yesterday above 1.4600 to all our said upside targets(read previous post), retracement at 1.4640/50, break is to 1.4565/70 then 1.4500/05, while on the upsdie toward High at 1.4740/50, above is powering the trend toward 1.4800/05 then 1.4840/45 and possibly 1.4945/50
Euro/Gbp This pair is still on downtrend, retracement at 0.8310/20, break is to 0.8350/55 then 0.8380/85 and possibly 0.8415/20, while on the downside toward low at 0.8250/55, below would power the trend toward 0.8235/40 then 0.8215/20 and possibly 0.8165/70
Aud/Usd This pair is still on uptrend, would be effected by the Trading of the Aud Trade Balance News Release after around 1 & a half hour from now, retracement at 1.0305/15, break is to 1.0275/80 then 1.0245/50, while on the upsdie toward High at 1.0405/10, above would power the trend to target 1.0425/30 then possibly 1.0470/75
Euro/Jpy This pair is still on downtrend, retracement at 99.60/65, break is to 100.25/30 then 100.70/75 and possibly 101.20/25, while on the downside toward low at 98.85/90, below would power the trend toward 98.60/65 then 98.30/35
Gbp/Jpy This pair is still on downtrend, retracement at 119.85/90, break is to 120.20/25 then 120.45/50 then 120.70/75, while on the downside toward 119.40/45 then 119.25/30 then possibly to target low at 118.85/95
Oil is still on uptrend, retracement at 102.15, break is to 101.75/80 then 101.05/10 then possibly 100.25/30, while on the upside toward at 104.25/30 then 104.80/85 then possibly 105.85/90
Gold is still on uptrend, but would face resistacne at 1616/17, break is to 1626/27 then 1633/34 then possibly 1648/49, while retracement at 1600/01, break is to 1591/92, below here would target 1581/82 then 1570/71
We have Important news releases today for the Aussie, Sterling, Dollar & Canadian Dollar Currencies:
Aud Trade Balance: Buy Aud/Usd if 1.75B or above while sell if 1.60B or below
UK Services PMI: Buy Gbp/Usd if 53 or above while sell if 49 or below
US ADP: Buy Usd/Chf & Usd/Jpy if 190K or above while Buy Euro/Usd & Gbp/Usd if 155K or below
US Unemployment Claims & ISM Non-Manufacturing PMI(Both at same release time): Buy Usd/Chf & Usd/Jpy if 360K or below for the first and 55 or above for the second, while Buy Euro/Usd & Gbp/Usd if 390K or above for the first and 51 or below for the second
CAD Ivey PMI: Buy Usd/Cad if 55 or below while sell if 59 or above
Have A Great Trading Day
Well, I don’t mind posting the original quote. It sure will provide a better orientation for the readers here.
As far as the medium term signals are concerned, no I haven’t realized so far that the short term signals are potential exits. I thought these are two different systems and if no exit indicated, I would have to move the sl or tp level every 30-50 pips. Of course I can take those levels into account, but for the other pairs - if no exit is indicated - every trader has to make his/her own decision as when to exit a trade.
I don’t quite agree with you saying that there’s no “if held longer”. Of course, you don’t mention this in your signals, but if trading the medium term signals, sometimes there’s a good chance to stay in a trade longer than you indicate. This often happens with breakouts where a rate might move farther than the projected targets. Based on my personal experience, it would be stupid not to take advantage of such possibilities and not let a rate run for easy pips. I think, if possible, a trader should either exit at exactly the tp levels you indicate, or let it run as far as possible, moving the sl or tp every 50 pips achieved.
Ok, for the major currency pairs I will take into account the levels of the short term signals. But I still insist on informing traders what profit would have been possible it haven taken the whole ride. I will think about how best I can post the results.
[B]Results 04.01.[/B]
[B]USD/CHF[/B]
[B]Signal:[/B] This pair reversed to downtrend today, retracement at 0.9345/50, break is to 0.9365/70, above here is toward our short term sell signals, again reviving uptrend while on the downsidetoward our short term buy signals.
[B]Trade[/B]: Long with breaking of retracement line, trading the breakout. TP1 @ 0.9365/70 reached for +20 pips. This pair went further up reaching the first short term sell level @ 0.9395/00 for a profit of +50 pips and then the second short term sell level @ 0.9435/40 for an overall profit of [B]+ 90 pips[/B].
[B]USD/JPY[/B]
[B]Signal[/B]: This pair is still on downtrend, low resistance at 76.75/80, break is to retracement at 76.95/00, above would target the other short term sell signals and possibly toward 77.45/50, while on the downside kept below low resistance is powering the trend toward our short term buy signals.
[B]Trade[/B]: No trade as this pair didn’t touch or cross the retracement line.
[B]EUR/USD[/B]
[B]Signal[/B]: This pair is on uptrend basis today, above retracement at 1.3010/20 but would face resistance at 1.3060/65, a base above here is needed to confirm uptrend targetting our short term sell signals, while on the downside below retracement is toward our short term buy signals.
[B]Trade[/B]: Short with breaking of retracement line @ 1.3010, trading the downward breakout. Short term buy level @ 1.2925/30 reached for a profit of [B]+80 pips[/B].
[B]GBP/USD[/B]
[B]Signal[/B]: This pair is on uptrend basis today, retracement at 1.5575/85, break is to our short term buy signals, whie on the upside toward our short term sell signals and Good Resistance at High 1.5735/45.
[B]Trade[/B]: No trade as this pair didn’t touch or cross the retracement line.
[B]USD/CAD[/B]
[B]Signal[/B]: This pair is still on downtrend but might had marked a reversal price level yesterday at 1.0075 and going up from there on…(days coming would more prove this analysis conclusion), retracement at 1.0140/50, break is to 1.0200/05 then 1.0245/50 and possibly 1.0295/00, while on the downside toward low at 1.0075/80, below is powering the trend to target 1.0035/40 then 1.0000/05.
[B]Trade[/B]: No absolutely clear direction for this pair. Was in a short upward movement since 3rd, so one might have considered a long trade with the breaking of the retracement line. But soon this pair would break the retracement line in the opposite direction, so a short trade as well could have been triggered. Since none of the projected tp and sl levels were reached and this pair would cross the retracement line in both directions several times, I think there were plenty chances to close the trades at break even for no gain.
[B]NDZ/USD[/B]
[B]Signal[/B]: This pair is still on uptrend, retracement at 0.7830/40, break is to 0.7785/90 then 0.7730/35, while on the upside would face double tough resistance at High 0.7805/10, break if possible would extend trend power to target 0.7955/60 then 0.7985/90.
[B]Trade[/B]: No trade as this pair did not touch or cross the retracement line.
[B]EUR/CHF[/B]
[B]Signal[/B]: This pair is still on downtrend, retracement at 1.2170, break is to 1.2190/00, above would target 1.2210/15 then 1.2230/35 Good Resistance and possibly toward 1.2260/70, while on the downside toward Good Support at 1.2145/50, break is to target 1.2135/40 then 1.2125/30 and possibly toward low and crucial support at 1.2090/00.
[B]Trade[/B]: Long with breaking the retracement line, trading a long breakout. TP1 @ 1.2190/00 reached for a profit of [B]+20 pips.[/B]
[B]GBP/CHF[/B]
[B]Signal[/B]: This pair is still neutral moving sideways, above 1.4600 is toward 1.4645/50 then 1.4680/85 and possibly 1.4735/40, while below 1.4570/75 is toward 1.4505/10 then 1.4465/70 and possibly 1.4420/25.
[B]Trade[/B]: Long with the breaking of the retracement line, trading an upward breakout. All targeted tp levels reached, so we count a profit of [B]+130 pips[/B] (tp 3 @ 1.4735/40).
[B]EUR/GBP[/B]
[B]Signal[/B]: This pair is still on downtrend after many tests to base on uptrend but always failing and ending day kept at home on downtrend…lol, retracement at 0.8345/55, break is to 0.8370/75 then 0.8385/90 and possibly 0.8405/10, while on the downside toward0.8310/15 then 0.8300/05 and possibly 0.8275/80.
[B]Trade[/B]: Short with touching the retracement level, trading the downward breakout. TP3 @ 0.8275/80 reached for a profit of [B]+70 pips[/B].
[B]AUD/USD[/B]
[B]Signal[/B]: This pair is still on uptrend, retracement at 1.0290/00, break is to 1.0235/40 then 1.0175/00, while on the upside would face resistance at High 1.0375/80, break is powering the trend toward 1.0450/55 then 1.0485/90.
[B]Trade[/B]: No trade
[B]EUR/JPY[/B]
[B]Signal[/B]: This pair is still on downtrend, retracement at 100.20/30, break is to 100.60/65 then 100.80/85 then 101.35/40, while on the downside toward 99.35/40 then 99.00/05 then possibly 98.65/70(Buy).
[B]Trade[/B]: No trade
[B]GBP/JPY[/B]
[B]Signal[/B]: This pair is still on downtrnd, retracement at 120.15/20, break is to 120.55/60 then 120.75/80 and possibly 121.40/45, while below 119.90 is toward 119.20/25 then 118.75/80 and possibly 118.40/45.
[B]Trade[/B]: No trade
Valid trades for today:
USD/CHF = +90 pips
EUR/USD = +80 pips
EUR/CHF = +20 pips
GBP/CHF = +130 pips
EUR/GBP = +70 pips
Day: + 390 pips
January: +670 pips
Are these your actual trades or are they what could have happened if you entered at the possible entry points and possible exits? Some of the results posted look like they are hypothetical. Good posts either way.
Jerry
Hi jerrync,
take my results as pure hypothetical results as I don’t trade all the pairs. I’m sure I’d would mess up with keeping an eye on all 12 pairs. MM said there’s no need to trade [B]all[/B] pairs but rather pick those that offer good chances.
Also, I’m combining these signals with my own breakout signals. So sometimes I miss the exact entry or hold positions longer than indicated by the original signals.
However, I decided to post these results because only at the very beginning of this signal “service” there was a member who would send his daily results but suddenly stopped posting them. So when reading the signals I wanted to know if they are tradeable and profitable. Although my broker’s rates may slightly differ to other brokers, I think my results accurately reflect what would have been possible if entered the trades.
