Oh man, what a bull**** trading day. EUR/USD and USD/CAD were playing dirty tricks on me all day long.
Wonder what’s going to happen the next two days since no important economic data will be released. I feel like bein caught in a psychological warfare.
Was anybody able to successfully trade the signals?
I trade only GBP/USD at the moment… No trade 
I agree with you Hubinator
It was so tricky to trade EUR/USD yesterday.
Hello again hubinator,
I have jus been lookin at the chart of EUR/USD… Looks like the retracement level was tested early In the day (GMT time), and faked out, but there cud have Been a short trade to be had… Admittedly the profit targets weren’t met but unless am missin something here or lookin at this wrong there was potentially 80 pips or over to be made.
Can u elaborate on what happened for you with this pair?
Thanku
i think we are all getting caught in the corrective wave. i’m not gonna be trading eur/usd for the next 24h i think. want to see how it would play out…bear or getting close to reversal
Hello Traders,
Forex Signals & Analysis for 10th January 2012:
Short Term Signals:
Usd/Chf Buy at 0.9440/45 then 0.9420/25 then 0.9350/55, sell at 0.9585/90 then 0.9630/35 then 0.9665/70
Usd/Jpy Buy at 76.65/70 then 76.60/65 then 76.45/50, sell at 77.00/05 then 77.10/15 then 77.20
Euro/Usd Buy at 1.2665/70 then 1.2615/20 then 1.2570/75, sell at 1.2825/30 then 1.2855/60 then 1.2925/30
Gbp/Usd Buy at 1.5395/00 then 1.5365/70 then 1.5335/40, sell at 1.5495/00 then 1.5515/20 then 1.5560/65
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.9490/95, break is to our short term buy signals while on the upside toward our short term sell signals and high is at 0.9445/50
Usd/Jpy This pair is still on downtrend, retracement at 76.90/95, break is to our short term sell signals while on the downside toward our short term buy signals and low is at 76.40/45
Euro/Usd This pair is still on downtrend, retracement at 1.2785/95, break is to our short term sell signals while on the downside toward low at 1.2730/40, below would extend trend power toward our short term buy signals
Gbp/Usd This pair is still on downtrend, retracement at 1.5470/80, break is to our short term sll signals while on the downside toward our short term buy signals and low is at 1.5365/75
Usd/Cad This pair is still on uptrend, retracement at 1.0220/30, break is to 1.0185/90 then 1.0160/65 and possibly 1.0100/05 while on the upsdie toward 1.0310/15 then 1.0350/55 then possibly 1.0385/90
Nzd/Usd This pair is moving sideways with uptrend basis today, above 0.7840/45 to target resistance at 0.7885/90, break is toward 0.7925/30 then 0.7950/55, while on the downside toward 0.7775/80 then 0.7730/35 then possibly 0.7690/95
Euro/Chf This pair is still on downtrend, retracement at 1.2140/45, break is to 1.2160/65 then 1.2180/85 then 1.2205/10, while on the downside toward low at 1.2085/90(Buy), below would power the trend toward 1.2070/75 then possibly 1.2040/45
Gbp/Chf This pair still on uptrend basis but retreated somehow from many past days resistance at around same price level, might retreat to 1.4625/35 for a comeback upward later on, break is to 1.4590/95 then possibly 1.4520/25, while basing again above 1.4690 is toward 1.4775/80 then 1.4820/25 and possibly 1.4860/65
Euro/Gbp This pair is still on downtrend, retracement is at 0.8260/65, break is to 0.8290/95 then 0.8305/10 then 0.8335/40,while on the downside toward low at 0.8230/35, below would power the trend to target 0.8210/15 then 0.8195/00 and possibly 0.8165/70
Aud/Usd This pair is still trying to base on downtrend, below retracement at 1.0240/45, break is to 1.0295/00 then 1.0320/25 and possibly 1.0390/95, while on the downside toward 1.0145/50 then 1.0100/05 and possibly 1.0055/60
Euro/Jpy This pair is still on downtrend, retracement at 98.30/40, break is to 98.55/60 then 98.80/85 and possibly 99.40/45, while on the downside toward low at 97.60/65, below would power the trend toward 97.25/30 then 96.85/90 then 96.45/50
Gbp/Jpy This pair is still on downtrend, retracement at 118.95/00, break is to 119.05/10 then 119.20/25 then 119.60/65, while on the downside toward 118.20/25 then low at 117.95/05, below would power the trend to target 117.70/75
Oil still on uptrend but turned somehow neutral today, squeezed bt. resistance at 101.40/45, a base above is keeping uptrend to target 102.55/60 then 103.20/25 and possibly 104.30/35, while below 101.10/15 is to target 99.80/85 then 99.05/10 then possibly 98.10/15
Gold still on uptrend, retracement at 1610/11, break is to 1599/00 then 1594/95 then 1583/84, while on the upside toward 1624/25 then 1631/32 then 1640/41
***The Resign of SNB Chairman Philipp Hildebrand had a shock effect on the markets and especially for Chf pairs that did not really been effected but with around 20 pips dpwnside movement then spiked back up with mixed view for now.
I believe nothing would really change with this resign after the Chairman wife was offended by some leaks out of her bank account sata that she made trades before SNB past Intervention by somedays which was not a real big amount and at all cases I do not see it as illegal nor the Swiss law. But It’s really a Brave move by the SNB Chairman by quitting when his family life and profile is under threat and conflicts from his oppositions that were after him to resign.
But unfortunately for them, Next SNB Chairman might be no different view as Hildebrand who’s his Vice Chairman Thomas Jordan who was the basic of finding legal action behind the 1.20 Euro/Chf Peg and would certainly defend this level with Utmost Determination if he becomes the New SNB Chairman. In all cases, I see this level would be defended by any New Chairman because the Peg had been a decision by SNB(all members) not one single person or Chairman alone, besides the Swiss economy is still showing bad growth by bad news releases & the Swiss Franc is still too overvalued.
Bears might test SNB Utmost Determination in such situation of chariman resign but I doubt they have the courage to really head to near the 1.20 peg price level but maybe playing the cat & rat game far away of this level until SNB Intervention surprise them at a sudden moment(as past Intervention) and leave them asking how!! To find themselves again playing the scalping game above a new peg price level that might be 1.25 or 1.30 or maybe 1.40
Never Trade against the Central Banks especially when things are becoming more serious as currently. It’s never worth the try as past lessons for bears thought them that all weeks or months of gains by selling those pairs would disappear in few minutes if not blow their accounts despite there are still some Genius bears not yet understanding what’s the time to stop selling and turn the game to the opposite that might be the best option by Buying Chf Major pairs starting with Euro/Chf.
Have A Great Trading Day
Hi Jerry,
No Trader can know for sure what direction a pair is heading but there are surely many indicators that give some clear clues starting with Daily Main trend(I daily mention for each pair), past days reliable accurate swings, possible reversal or neutral movement appearing…
Sometimes it’s very easy to enter a buy or sell(according to trend direction) at retracement at touch of this level because mainly market price would retreat or bounce from this level at first touch for Good pips(above 20pips) before testing for a breakout if it does that later on. Sometimes it’s just one touch or swing movement then the main trend keep same direction which means powerful trend movement is kept active. There would not be a possibility for market price for any pair to crash the retracement line easily like that, it would test test test then break if possible, so you would not need to wait for -50 pips loss to appear so you close the retracement trading entry order, it would appear to you as price action(learn to read this strategy too) would show you clearly that it’s time for breakout.
Simply, When A Trader do his lesson well by learning the Swing & breakout strategy rules, you’ll never ask such question again and you’ll exit early taking small loss or breakeven and letting gain running when the strategy turns successful…
Good Luck
Hi Derek,
It’s the Daily Chart Time Frame as you must had understood from all previous posts.
For indicators, You do not have to complicate things, your mt4 simple few indicators as (CCI, RSI, MACD, Stoch…)can make the bonus job if you like with my Signals & Analysis accurate entries and exits.
Most Importantly is to try my Signals & analysis on demo aco**** before going live so you well understand them.
Good Luck
It was a tricky but valid entry for sure at exact retracement price level 1.2785/95(market price marked 1.2785.5), with tests of around 5 candles on 5 minute chart bt. 1.2780/85 then collapsed around 60 pips to 1.2720.
By the way, it was surely & clearly not going to break above 1.2800 so easy trade as psychological understand play the main role here, besides clear retracement price level for yesterday.
Also, Gbp/Usd came close to retracement price level that was 1.5475/85 but shyly market price had hit 1.5469 before directly collapsing downward toward 1.5420.
Enjoy your day
[B]Results 06.01.[/B]
[B]USD/CHF[/B]
[B]Signal:[/B] This pair is still on uptrend, High Support at 0.9560, break is to retracement at 0.9510/20, break would target our short term buy signals while on the upside to more powering the trend toward our short term sell signals.
[B]Trade:[/B] Long with hitting the lower retracement line. This pair would keep bouncing up and down these two lines without a clear direction. Better than expected CHF Retails data moved this pair down to cross the lower retracement line, but it would immediately go up again and keep bouncing up and down the upper retracement line. Later in the European session ( 8 pm CET) this pair broke the lower resistance line downwards but without hitting any TP level. I think there were enough chances to get out of this trade at no gain/loss, so I count this one as a break even trade.
[B]USD/JPY[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 76.95/00 break is to 77.15/20 then to our short term sell signals while on the downside toward our short term buy signals and low is at 76.45/55.
[B]Trade:[/B] Early in the Asian session this pair crossed the lower retracement line upwards, slightly touched the upper retracement line before crossing the lower retracement level for a valid short trade. 1st buy level of the short term signal reached @ 76.75/80 for a profit of [B]+20 pips[/B].
[B]EUR/USD[/B]
[B]Signal:[/B] This pair is still on downtrend, low resistance at 1.2750/60, break is to retracement at 1.2785/95, above is to our short term sell signals while on the downside more powering the trend toward our short term buy signals.
[B]Trade:[/B] This pair touched the lower retracement level and then went down. No TP level hit, but a good exit level was around 1.2725/35 for a profit of [B]+50 pips[/B].
[B]GBP/USD[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.5475/85, break is to our short term sell signals while on the downside toward low at 1.5460/70, below would power the trend to target our short term buy signals.
[B]Trade:[/B] No trade (just 10 pips shy of touching the lower retracement line).
[B]USD/CAD[/B]
[B]Signal:[/B] This pair reversed to uptrend, retracement at 1.0220/30, break is to 1.0175/80 then 1.0130/35, while on the upside toward 1.0335/40 then 1.0360/65 and possibly 1.0435/40.
[B]Trade:[/B] No trade
[B]NZD/USD[/B]
[B]Signal:[/B] This pair is still neutral, bt. resistance at 0.7810/15, break is to 0.7845/50 then 0.7865/70 and possibly 0.7895/00, and support at 0.7780/85, break is to 0.7760/65 then 0.7740/45 and possibly 0.7705/10.
[B]Trade:[/B] Long with breaking both resistance levels for a clear upward move. TP 2 level @ 0.7865/70 reached for a profit of [B]+60 pips[/B].
[B]EUR/CHF[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.2160/70, break is to 1.2190/95 then 1.2210/15 and possibly 1.2230/35, while on the downside toward 1.2120/25 then 1.2105/10 and possibly toward low at 1.2090/00.
[B]Trade:[/B] Almost touched the lower retracement line (just 2 pips shy) and then went down, so I count this as a valid short trade. TP1 level @ 1.2120/25 reached for a profit of [B]+40 pips[/B].
[B]GBP/CHF[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 1.4715/25, break is to 1.4680/85 then 1.4660/65 and possibly 1.4605/10, while on the upside would face resistance at 1.4775/80, above would power the trend to target 1.4795/00 then 1.4830/35 and possibly 1.4865/70.
[B]Trade:[/B] Short with breaking the retracement lines. TP1 @ 1.4680/85 hit for a profit of [B]+30 pips.[/B]
[B]EUR/GBP[/B]
[B]Signal: [/B]This pair is still on downtrend, low resistance is at 0.8235/40, break is to retracement at 0.8260/65, above would target 0.8275/80 then 0.8285/90, while on the downside toward 0.8225/30 then 0.8220/25 then 0.8205/10.
[B]Trade: [/B]There were two valid trades for this pair:
[B]AUD/USD[/B]
[B]Signal:[/B] This pair is trying to base on downtrend today, if bases below 1.0225/30 targetting 1.0180/85 then 1.0160/65 then 1.0120/25 while above 1.0240 would target 1.0275/80 then 1.0305/60 and possibly 1.0335/40.
[B]Trade:[/B] Short with touching the retracement lines. This pair kept bouncing up and down around the retacement lines without any clear direction for most of the European session, so I think there were plenty opportunities to exit this trade at break even.
[B]EUR/JPY[/B]
[B]Signal:[/B] This pair is still on downtrend, low resistance at 97.85/95, break is to retracement at 98.40/50, above would target 98.75/80 then 99.15/20, while on the downside more powering the trend to target 97.40/45 then 97.20/25 then possibly 96.55/60.
[B]Trade:[/B] No trade
[B]GBP/JPY[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 119.05/15, break is to 119.70/75 then 120.15/20, while on the downside toward 118.05/10 then 117.75/80 then possibly 117.05/10.
[B]Trade:[/B] No trade
Valid trades for today:
USD/JPY = +20 pips
EUR/USD = +50 pips
NZD/USD = +60 pips
EUR/CHF = +40 pips
GBP/CHF = +40 pips
EUR/GBP = +30 pips
Result for today: +240 pips
January: +1.790 pips
Hi, I’m a newbie and your post have definitely help me get on my feet.
Today I woke up late and as I was updating the lines for the signals, I noticed a curious behavior: yesterday’s signals held up amazingly well for USDCHF in the 7am GMT to about 10am move. Made a few pips of it.
Good stuff!
Happy to read about your Success with my Daily Signals & Analysis
Keep the Good Work…
Hello Traders,
Forex Signals & Analysis for 11th January 2012:
Short Term Signals:
Usd/Chf Buy at 0.9455/60 then 0.9440/45 then 0.9420/25, sell at 0.9520/25 then 0.9535/40 then 0.9560/65
Usd/Jpy Buy at 76.75 then 76.70 then 76.60/65, sell at 76.90/95 then 76.95/00 then 77.00/05
Euro/Usd Buy at 1.2725/30 then 1.2700/05 then 1.2665/70, sell at 1.2825/30 then 1.2850/55 then 1.2890/95
Gbp/Usd Buy at 1.5440/45 then 1.5420/25 then 1.5395/00, sell at 1.5515/20 then 1.5530/35 then 1.5560/65
Medium Term Daily Analysis:
Usd/chf This pair is still on uptrend, retracement at 0.9485/90, break is to our short term buy signals with Good Support at 0.9440/45, while on the upside toward our short term sell signals and high is at 0.9535/40
Usd/Jpy This pair is still on downtrend, retracement at 76.85/95, break is toward 77.15/20, above would target 77.40/50, while on the downside toward our short term buy signals then low is at 76.30/40
Euro/Usd This pair is still on downtrend, retracement at 1.2785/95, break is to our short term sell signals while on the downside toward our short term buy signals and low is at 1.2710/20
Gbp/Usd This pair is still on downtrend, retracement at 1.5505/15, break is to the other short term sell signals, while on the downside toward our short term buy signals and low is at 1.5375/80
Usd/Cad This pair is on downtrend basis, retracement at 1.0185/95, break is to 1.0230/35 then 1.0265/70 then 1.0295/00, while on the downside toward 1.0110/15 then 1.0095/00 then low at 1.0075/80
Nzd/Usd This pair is still on uptrend, retracement at 0.7885/95, break is to 0.7860/65 then 0.7820/25 then 0.7785/90, while on the upside toward high at 0.7975/80, above would power the trend toward 0.7995/00 then 0.8020/25
Euro/Chf This pair is still on uptrend, retracement at 1.2135/40, break is to 1.2150/55, above would target 1.2180/90, while on the downside facing support at low 1.2110/15, break is to 1.2095/00 then 1.2080/85 then possibly 1.2060/65
Gbp/Chf This pair is still on uptrend, retracement at 1.4685/95, break is to 1.4635/40 then 1.4605/10 then possibly 1.4575/80, while on the upside toward 1.4735/40 then high at 1.4760/65 and possibly 1.4800/05
Euro/Gbp This pair is still on downtrend, retracement at 0.8255/60, break is to 0.8285/90 hen 0.8300/05 then 0.8315/20, while on the downside toward 0.8230/35 then low at 0.8220/25, below is powering the trend toward 0.8195/00
Aud/Usd This pair is on uptrend basis, retracement at 1.0280/85, break is to 1.0260/65, below would target 1.0215/20 then 1.0175/80, whhile on the upside toward 1.0385/90 then high at 1.0420/25, above would power the trend to target 1.0485/90
Euro/Jpy This pair is still on downtrend, retracement at 98.25/30, break is to 98.50/55 then 98.70/75 and possibly 98.90/95, while on the downside toward 97.85/90 then 97.65/70 then low at 97.35/45
Gbp/Jpy This pair is still on downtrend, retracement at 119.00/05, break is to 119.15/20 then 119.25/30 then 119.45/50, while on the downside toward 118.65/70 then 118.50/55 and possibly 118.35/40
Oil is still on uptrend, retracement at 101.95/00, break is to 101.30/35, below would target 100.75/80 then 100.05/10, while on the upside toward 103.70/75 then 104.45/50
Gold is still on uptrend, retracement at 1623/24, break is to 1606/07 then 1595/96 then 1581/82, while on the upsdie toward high at 1649/50, above would power the trend to target 1658/59 then 1677/78
Have A Great Trading Day
[B]Results 10.01.[/B]
[B]USD/CHF[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 0.9490/95, break is to our short term buy signals while on the upside toward our short term sell signals and high is at 0.9445/50
[B]Trade:[/B] Short early in the Asian session with breaking both resistance lines downward but without reaching the targeted TP level. This pair went up and down the resistance lines the whole day without a clear direction, so I rather count this trade as a break even since there were plenty of chances to get out of the trade no matter what direction was traded.
[B]USD/JPY[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 76.90/95, break is to our short term sell signals while on the downside toward our short term buy signals and low is at 76.40/45.
[B]Trade:[/B] No trade
[B]EUR/USD[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.2785/95, break is to our short term sell signals while on the downside toward low at 1.2730/40, below would extend trend power toward our short term buy signals.
[B]Trade:[/B] Short with touching the upper resistance line and then going down breaking the lines but without reaching any TP level. This pair crossed the retracement line up and down several times but without finding a clear direction, so I count this as a trade even break as there were several opportunities to get out at no gain/loss.
[B]GBP/USD[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.5470/80, break is to our short term sll signals while on the downside toward our short term buy signals and low is at 1.5365/75.
[B]Trade:[/B] Pretty much the same behavior as for EUR/USD. This pair crossed the retracement lines downwards, but without hitting a TP level, then went up again to hit the short term sell level @ 1.5495/00 in an upward spike. Since this was very difficult to achieve I rather count this trade as a break even for there were some chances to get out at no gain/loss.
[B]USD/CAD[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 1.0220/30, break is to 1.0185/90 then 1.0160/65 and possibly 1.0100/05 while on the upsdie toward 1.0310/15 then 1.0350/55 then possibly 1.0385/90.
[B]Trade:[/B] Short with breaking the resistance line downwards early in the Asian session. TP 2 level @ 1.0160/65 reached for a profit of [B]+60 pips[/B].
[B]NZD/USD[/B]
[B]Signal:[/B] This pair is moving sideways with uptrend basis today, above 0.7840/45 to target resistance at 0.7885/90, break is toward 0.7925/30 then 0.7950/55, while on the downside toward 0.7775/80 then 0.7730/35 then possibly 0.7690/95.
[B]Trade:[/B] No trade
[B]EUR/CHF[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.2140/45, break is to 1.2160/65 then 1.2180/85 then 1.2205/10, while on the downside toward low at 1.2085/90(Buy), below would power the trend toward 1.2070/75 then possibly 1.2040/45.
[B]Trade:[/B] Short with touching the upper retracement level and then going down. No TP level reached, but this pair kept ranging between 1.2130-1.2120 so that I think this was a good level to exit the trade for a profit of [B]+20 pips[/B].
[B]GBP/CHF[/B]
[B]Signal:[/B] This pair still on uptrend basis but retreated somehow from many past days resistance at around same price level, might retreat to 1.4625/35 for a comeback upward later on, break is to 1.4590/95 then possibly 1.4520/25, while basing again above 1.4690 is toward 1.4775/80 then 1.4820/25 and possibly 1.4860/65.
[B]Trade:[/B] No trade
[B]EUR/GBP[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement is at 0.8260/65, break is to 0.8290/95 then 0.8305/10 then 0.8335/40,while on the downside toward low at 0.8230/35, below would power the trend to target 0.8210/15 then 0.8195/00 and possibly 0.8165/70.
[B]Trade:[/B] Two possibilities to go short and long each, but without reaching any of the targeted TP levels. Later in the European session (3 pm) there was a third chance to go short and this pair would then remain below the resistance levels but again without reaching any TP level, so I think that any trade taken for this pair would have resulted rather in a break even or minimal gain of +10 pips.
[B]AUD/USD[/B]
[B]Signal:[/B] This pair is still trying to base on downtrend, below retracement at 1.0240/45, break is to 1.0295/00 then 1.0320/25 and possibly 1.0390/95, while on the downside toward 1.0145/50 then 1.0100/05 and possibly 1.0055/60.
[B]Trade:[/B] Long with breaking both resistance lines early in the Asian session. TP 2 level @ 1.0320/25 reached for a profit of [B]+80 pips[/B].
[B]EUR/JPY[/B]
[B]Signal: [/B]This pair is still on downtrend, retracement at 98.30/40, break is to 98.55/60 then 98.80/85 and possibly 99.40/45, while on the downside toward low at 97.60/65, below would power the trend toward 97.25/30 then 96.85/90 then 96.45/50.
[B]Trade:[/B] There were two possibilities to go short with touching the upper retracement line and then going down. No TP level reached, so probably a good exit point was the daily pivot line @ 96.13 which was crossed in both directions several times for a profit of [B]+10 pips[/B].
[B]GBP/JPY[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 118.95/00, break is to 119.05/10 then 119.20/25 then 119.60/65, while on the downside toward 118.20/25 then low at 117.95/05, below would power the trend to target 117.70/75.
[B]Trade:[/B] Short with touching the upper retracement line and then going down (2 x) but without reaching any of the TP levels. This pair bounced up and down the retracement lines and the daily pivot level @ 118.97, so I rather count this as a break even trade since there were enough chances to get out of this trade at no gain/loss.
Valid trades for today:
USD/CAD = +60 pips
EUR/CHF = +20 pips
AUD/USD = +80 pips
EUR/JPY = +10 pips
Result for today: +170 pips
January: +1.960 pips
Some Quick Remarks about the above results:
You missed clear trades for Good Pips Profit for Euro/Usd, Gbp/Usd, Euro/Gbp, Nzd/Usd
Euro/Usd This pair clearly hit retracement 1.2785/95 before London session by 2 hours then collapsed to 1.2742 till open of London Session(exit must had been at low 1.2730/40 but do not think a trader would miss at least 40 pips gain for 2 pips difference)Result: 40/45 pips
Gbp/Usd Same Scenario at same time as Euro/Usd, entry at retracement to exit at first short term buy signal 1.5440/45(market price had hit 1.5446). then went up after London session open to first sell signal 1.5495/00 perfect sell from there as compatible with short term signal, kept going down to 1.5452. Result: 30pips, then entry at first sell signal for another above 30 pips(normal TP for this short term strategy 30pips)
Nzd/Usd Perfect Trade as breakout Strategy “above 0.7840/45 to target resistance at 0.7885/90, break is toward 0.7925/30 then 0.7950/55” so, entry buy order as break of 0.7885/90 and price kept going to last target 0.7950/55 and a little more.
Result: 50/60 pips
Euro/Gbp Entry as break of retracement 0.8260/65 to first target 0.8290/95, market price had marked 0.8288 but I do not think a Smart Trader would close at breakeven for 2 pips difference from first target.
***Most Importantly, I do not believe about a Real Trader exiting at breakeven or as 0 pips when sometimes market price keep moving sideways for many hours for 15/20 pips from an entry order, so exit can easily be for such amount of pips.
Also, Take Note that Entry can be waited for market price to exactly target it(retracement or breakout strategy later on) but exit or TP can’t be missed because of few pips difference from said targets since would not be smart to breakeven after 30-50 pips in your favor.
Good Luck
Hi FMM,
well, I think the “problem” with posting the results is that all the followers of your signals trade differently and I can’t embrace to all the (possible) different trading approaches. I don’t know if followers strictly close their positions when hitting a certain TP level or if they let it run, eventually using a trailing stop?
You’re right saying that a real trader most likely wouldn’t close positions at break even when there’re 10 or 20 pips profit possible. On the other hand, no real trader would close a position at TP level 3 when a prevailing movement still continues and a higher profit as targeted is available. So I’m not really sure what to post.
I rather prefer to exit a trade at break even if I don’t feel comfortable or if there’s no clear movement in the direction of the trade. 10 or 20 pips is not much of a distance within the daily range of a currency pair and the crucial question always is if you close your trade and take these pips as profit or if you keep your trade open and take the 20 pips as a “margin” to give your trade a little space to possibly move in your favor.
Maybe the other readers could give me some feedback of how they trade so that I can consider that. I’d like to know if you guys are using a fixed SL or TP level or if you use a trailing stop and at what distance. So any feedback is appreciated.
As for NZD/USD I wasn’t aware that the wording “above 0.7840/45” would imply a possible chance to enter at exactly that rate. Instead I thought I had to enter at the retracement lines. Will try to incorporate that into my trading.
Anyways, although my results to some extend differ from what would have been possible if traded a 100% according to your signals (I doubt if this can be achieved), I think my results proof how powerful and profitable your signals are. And taking into consideration your comments, the results could have been even better.
However, thanks a lot for posting your signals and commenting on them. This is the first time within three years of Forex experience that I’m really LEARNING just by interacting with other traders. I deeply appreciate this.
Cheers
Hello Traders,
Forex Signals & Analysis for 12th January 2012:
Short Term Signals:
Usd/Chf Buy at 0.9475/80 then 0.9440/45 then 0.9405/10, sell at 0.9590/95 then 0.9610/15 then 0.9660/65
Usd/Jpy Buy at 76.70 then 76.65 then 76.50/55, sell at 77.00/05 then 77.10/15 then 77.20/25
Euro/Usd Buy at 1.2625/30 then 1.2590/95 then 1.2515/20, sell at 1.2800/05 then 1.2845/50 then 1.2905/10
Gbp/Usd Buy at 1.5230/35 then 1.5190/95 then 1.5075/80, sell at 1.5480/85 then 1.5555/60 then 1.5620/25
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.9515/20, break is to our short term buy signals while on the upside toward high at 0.9565/70, above is powering the trend to our short term sell signals
Usd/Jpy This pair is still on downtrend, retracement at 76.85/90, break is to our short term sell signals while on the downside toward our short term buy signals and low is at 76.20/30
Euro/Usd This pair is still on downtrend, retracement at 1.2740/50, break is to our short term sell signals while on the downside toward low at 1.2660/70, break is powering the trend to target our short term buy signals
Gbp/Usd This pair is still on downtrend, retracement at 1.5390/00, break is to our short term sell signals while on the downside toward low at 1.5310/20, break is powering the trend toward our short term buy signals
Usd/Cad This pair is still on downtrend, retracement at 1.0190/95, break is to 1.0230/35 then 1.0250/55 then 1.0290/95, while on the downside toward 1.0135/40 then 1.0110/15 then low at 1.0080/85
Nzd/Usd This pair is still on uptrend, retracement at 0.7925/30, break is to 0.7905/10 then 0.7885/90, while on the upside toward high at 0.7990/95, above is powering the trend to target 0.8005/10 then 0.8035/40
Euro/Chf This pair is still on downtrend, retracement at 1.2130/35, break is to 1.2145/55, above would target 1.2170/75, while on the downside toward low at 1.2105/15, break is to 1.2100 then 1.2090/95 then 1.2075/80
Gbp/Chf This pair is on downtrend basis today, below retracement at 1.4650/60, break is to 1.4710/15 then 1.4750/55 then 1.4785/90, while on the downside toward 1.4570/75 then 1.4545/50 then 1.4480/85
Euro/Gbp This pair is trying to base on uptrend today, above 0.8275/85 to target 0.8315/20 then 0.8325/30 then 0.8360/65, while on the downside toward 0.8240/45 then 0.8215/20 then 0.8195/00
Aud/Usd This pair is still on uptrend, retracement at 1.0280/90, break is to 1.0255/60 then 1.0230/35 then 1.0205/10, while on the upsdie toward 1.0345/50 then 1.0365/70 then 1.0400/05
Euro/Jpy This pair is still on downtrend, retracement at 97.95/00, break is to 98.40/45 then 98.75/80 then 99.15/20, while on the downside toward 97.10/15 then low at 96.85/90, break would power the trend to target 96.30/35
Gbp/Jpy This pair is still on downtrend, retracement at 118.30/40, break is to 119.00/05 then 119.55/60 and possibly 120.05/10, while on the downside toward low at 117.30/35, below would power the trend to target 117.10/15 then 116.75/85
Oil reversed to downtrend, trying to base below 101.35/40 targetting 99.95/00 then 99.40/45 then possibly 98.30/35, while break of 101.35/40 is reviving uptrend toward 102.50/55 then 103.25/30 and possibly 104.05/10
Gold is still on uptrend, retracement at 1633/34, break is to 1628/29 then 1622/23 then 1614/15, while on the upside toward High at 1651/52, above would power the trend to target 1656/57 then 1666/67
We have Important News Releases today for the Sterling, Euro, & Dollar Currencies:
UK Manufacturing Production: Buy Gbp/Usd if 0.2% or above while sell if -0.2 % or much worse
UK MPC Statement, Asset Purchase Facility & Rate Decision: Buy Gbp/Usd if rate is increased to 0.75%, APF decreased to 250B or below, & statement is Hawkish, while sell if rate decreased to 0.25%, AFP increased to 300B or above, statement is Dovish.
ECB Rate Decision & Press Conference: Buy Euro/Usd if rate is increased to 1.25% & Mario Draghi talks are positive or Hawkish for the currency while sell if rate is decreased to 0.75% & ECB President talks are negative or Dovish for the currency.
US Core Retail Sales & Retail Sales: Buy Usd/Chf & Usd/Jpy if 0.5% or above for both while Buy Euro/Usd & Gbp/Usd if 0.1% or below for both
US Unemployment Claims(same time as both above US news): Buy Usd/Chf & Usd/Jpy if 360K or below while Buy Euro/Usd & Gbp/Usd if 390K or above
Have A Great Trading Day
Hello Hubinator,
First of all, You had permit a Big Sin by saying you do not know how other traders use my signals and analysis so you do not know what or how to post the results…
The Big Sin here is that by your talking you are violating ForexMoneyMaker Daily Signals & Analysis Strategy Trading Rules.
Which mean you had violated the Creator rule which is totally forbidden.
As if you buy a system or robot or software created by a certain person and you want to tweak or make it work as you like, as if you know how it work more than the Creator him/herself which is a big mistake done by many traders.
It’s never ever about what each trader like or know how to trade the Daily Signals & Analysis, do not care about what others do but definitively about how to adapt each word in the trading strategy rules. So if the strategy rule says that this is TP/ SL then this is what you must use for the long term profitability, but if any trader want to open on his own his philosophy about any strategy then he can certainly do but the results would differ and surely would not as profitable & successful as the Creators one since nobody knows how a product work more than the Creator him/herself because it’s like his/her “Baby”.
As many past examples & above ones show that sometimes you miss chances for very profitable trades because you still did not get the strategy understanding perfectly which surely needs time for a trader to well adapt to it.
By time entries & exits would be much better…
As for the Nzd/Usd, it’s not about the 'above 0.7840/45"(in between above means this level is Good resistance while below means it’s Good support), but about “resistance at 0.7885/90”, “”“break”"""" is to, you see here the work “break”, this is the main trade as breakout, because above 0.7840/45 comes after saying this pair is on uptrend basis today, above 0.7840/45…
which clearly mean this is the retracement level the pair started its uptrend movement from.
Don’t Worry, Keep close contact with other traders, you’ll still learn a lot even from the newbies mistakes there’s always something to be learned or at least comes as a sparkle for a new idea…
Live And Learn
[B]Results 11.01.[/B]
[B]USD/CHF[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 0.9485/90, break is to our short term buy signals with Good Support at 0.9440/45, while on the upside toward our short term sell signals and high is at 0.9535/40.
[B]Trade:[/B] Long with touching the lower resistance line (slightly crossed in a spike) and then immediately going up. 3rd short term sell level @ 0.9560/65 reached for a profit of [B]+70 pips[/B]. What a beautiful trade!
[B]USD/JPY[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 76.85/95, break is toward 77.15/20, above would target 77.40/50, while on the downside toward our short term buy signals then low is at 76.30/40.
[B]Trade:[/B] Long with breaking both retracement lines reaching the 2nd short term sell level @ 76.95/00 for a profit of [B]+10 pips[/B].
[B]EUR/USD[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.2785/95, break is to our short term sell signals while on the downside toward our short term buy signals and low is at 1.2710/20.
[B]Trade:[/B] Short with touching the lower resistance line and then going downwards. 3rd short term buy level reached @ 1.2665/70 for a profit of [B]+120 pips.[/B]
[B]GBP/USD[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.5505/15, break is to the other short term sell signals, while on the downside toward our short term buy signals and low is at 1.5375/80.
[B]Trade:[/B] No trade
[B]USD/CAD[/B]
[B]Signal:[/B] This pair is on downtrend basis, retracement at 1.0185/95, break is to 1.0230/35 then 1.0265/70 then 1.0295/00, while on the downside toward 1.0110/15 then 1.0095/00 then low at 1.0075/80.
[B]Trade:[/B] Short with touching the lower resistance line and the going down (early in the Asian session). No TP level hit, but a good exit was around 1.0135/40 as this pair would bounce up and down this area for a while before starting a retracement up to break the retracement levels. I think this trade was good for an easy [B]+40 pips[/B] profit.
[B]NZD/USD[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 0.7885/95, break is to 0.7860/65 then 0.7820/25 then 0.7785/90, while on the upside toward high at 0.7975/80, above would power the trend toward 0.7995/00 then 0.8020/25
[B]Trade:[/B] No trade
[B]EUR/CHF[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 1.2135/40, break is to 1.2150/55, above would target 1.2180/90, while on the downside facing support at low 1.2110/15, break is to 1.2095/00 then 1.2080/85 then possibly 1.2060/65.
[B]Trade:[/B] No trade – The lower resistance line was crossed during an upward spike but I rather don’t count this as a valid entry signal.
[B]GBP/CHF[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 1.4685/95, break is to 1.4635/40 then 1.4605/10 then possibly 1.4575/80, while on the upside toward 1.4735/40 then high at 1.4760/65 and possibly 1.4800/05
[B]Trade:[/B] I think we had two valid trades for this pair:
[B]EUR/GBP[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 0.8255/60, break is to 0.8285/90 hen 0.8300/05 then 0.8315/20, while on the downside toward 0.8230/35 then low at 0.8220/25, below is powering the trend toward 0.8195/00
[B]Trade:[/B] Long with breaking the retracement lines hitting the 1st TP level @ 0.8285/90 for a profit of [B]+30 pips[/B].
[B]AUD/USD[/B]
[B]Signal:[/B] This pair is on uptrend basis, retracement at 1.0280/85, break is to 1.0260/65, below would target 1.0215/20 then 1.0175/80, whhile on the upside toward 1.0385/90 then high at 1.0420/25, above would power the trend to target 1.0485/90
[B]Trade:[/B] This pair was bouncing up and down the retracement lines and finally broke the upper retracement line for an upward breakout, so a valid long trade for this pair. No TP level hit, this pair suddenly made a strong downward movement of about 50 pips to cross the retracement lines downwards. It would then bounce up and down at the retracement and finally cross the retracement lines for another upward move. Not sure what result to post here, but assuming an experienced trader would have moved the SL accordingly during the first long breakout, I think a profit of +30pips would have been possible. Later in the European session this pair again broke the retracement lines for an upward move that was good for another +15-20 pips, so I will count an overall profit of [B]+40 pips[/B] for this pair.
[B]EUR/JPY[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 98.25/30, break is to 98.50/55 then 98.70/75 and possibly 98.90/95, while on the downside toward 97.85/90 then 97.65/70 then low at 97.35/45.
[B]Trade:[/B] Short with slightly crossing the upper retracement line and then going down. TP 2 level @ 97.65/70 reached for a profit of [B]+60 pips[/B].
[B]GBP/JPY[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 119.00/05, break is to 119.15/20 then 119.25/30 then 119.45/50, while on the downside toward 118.65/70 then 118.50/55 and possibly 118.35/40.
[B]Trade:[/B] Short with slightly crossing the upper retracement line and then going down. TP 3 level @ 118.35/40 reached for a profit of +60 pips. This pair went further down; a good exit was in between 117.70 – 117.90 for an additional profit of +60 pips, so I will count an overall profit of [B]+120 pips[/B] for this pair.
Valid trades for today:
USD/CHF = +70 pips
USD/JPY = +10 pips
EUR/USD = +120 pips
USD/CAD = +40 pips
GBP/CHF = +50 pips
EUR/GBP = +30 pips
AUD/USD = +40 pips
EUR/JPY = +60 pips
GBP/JPY = +120 pips
Result for today: +540 pips
January: +2.500 pips
Hello Traders,
Forex Signals & Analysis for 13th January 2012:
Short Term Signals:
Usd/Chf Buy at 0.9365/70 then 0.9330/35 then 0.9250/55, sell at 0.9550/55 then 0.9600/05 then 0.9655/60
Usd/Jpy Buy at 76.55/60 then 76.45/50 then 76.30/35, sell at 76.95/00 then 77.10/15 then 77.20/25
Euro/Usd Buy at 1.2695/00 then 1.2640/45 then 1.2580/85, sell at 1.2890/95 then 1.2930/35 then 1.3015/20
Gbp/Usd Buy at 1.5265/70 then 1.5235/40 then 1.5195/00, sell at 1.5385/90 then 1.5410/15 then 1.5460/65
Medium Term Daily Analysis:
Usd/Chf This pair reversed trying to base on downtrend today, if bases below 0.9460/70 targetting high at 0.9550/55, above would power the revived uptrend toward the other 2 short term sell signals while on the downside toward our short term buy signals
Usd/Jpy This pair is still on downtrend, retracement at 76.80/85, break is to our short term sell signals while on the downside toward our short term buy signals and low is at 76.20/30
Euro/Usd This pair turned to neutral today but still with downtrend basis, kept base below 1.2830/40 & more importantly if then bases below 1.2785/90 would keep the downtrend to target our short term buy signals while above 1.2830/40 would target our short term sell signals
Gbp/Usd This pair is still on downtrend, retracement at 1.5365/75, break is to our short term sell signals while on the downside toward our short term buy signals and low is at 1.5285/90
Usd/Cad This pair is mixed moving sideways, a base above 1.0180/85 is toward 1.0230/35 then 1.0250/55 then 1.0290/95, while a base below is toward 1.0130/35 then 1.0105/10 then 1.0075/80
Nzd/Usd This pair is still on uprend, retracement at 0.7925/30, break is to 0.7890/95 then 0.7865/70 then 0.7830/35, while on the upside toward 0.7975/80 then 0.8010/15 then 0.8045/50
Euro/Chf This pair is still on downtrend, broke yesterday below 1.2100 but then opened a new daily candle above, retracement at 1.2110/15, break is to 1.2130/35 then 1.2145/50 then 1.2165/70, while on the downside toward low at 1.2090/95, below would target 1.2070/75 then 1.2060/65 then 1.2035/40
Gbp/Chf This pair is still on downtrend since yesterday with a very powerful & successful start of trend, today retracement is at 1.4550/60, break is to 1.4630/35 then 1.4700/05 then 1.4765/70, while on the downside toward low at 1.4450/60, below would target 1.4375/80 then 1.4325/30 then possibly 1.4215/20
Euro/Gbp This pair is still on uptrend started since yesterday successfully, today retracement at 0.8320/25, break is to 0.8285/90(yesterday start price of trend) then 0.8250/55 then low at 0.8215/25, while on the upside toward 0.8400/05 then high at 0.8425/30 then possibly 0.8475/80 powering the trend
Aud/Usd This pair is still on uptrend, retracement at 1.0300/10, break is to 1.0265/70 then 1.0240/45 then 1.0190/95, while on the upside toward 1.0390/95 then high at 1.0420/30, above would power the trend to target 1.0470/75
Euro/Jpy This pair turned neutral but as Euro/Usd still with downtrend basis, kept base below 98.55/60 then more importantly a base below 98.20/25 would keep the downtrend targetting 97.60/65 then 97.25/30 then possibly 96.85/90, while a base above 98.55/60 is to target 98.85/90 then 99.05/10 then 99.60/65
Gbp/Jpy This pair is still on downtrend, retracement at 118.00/10, break is to target 118.35/40 then 118.60/65 then 118.80/90, while on the downside toward 117.30/35 then 117.15/20 then to target low at 116.85/95(Buy) (alighning with current historic low at 116.95/00)
Oil is still on successful downtrend started yesterday, retracement at 100.30/35 (with low resistance on the way at 99.75/80), break to 101.10/15 then 101.95/00 then 102.90/95, while on the downside toward 96.85/90 then 95.70/75 then possibly 93.00/05
Gold is still on uptrend, retracement is at 1641/42, break is to 1635/36 then 1628/29 then 1617/18, while on the upside to target high at 1661/62, above would power the trend targetting 1665/66 then 1672/73 then 1682/83
We have Important News Releases today for the Sterling, Canadian Dollar, & Dollar Currencies:
UK PPI Input: Buy Gbp/Usd if 0.2% or above while sell if -0.2% or below
CAD Trade Balance: Buy Usd/Cad if -0.8B or much worse while sell if -0.2B or better
US Trade Balance: Buy Usd/Chf & Usd/Jpy if -41B or better while Buy Euro/Usd & Gbp/Usd if -46B or much worse
Have A Great Trading Day & An Exciting Weekend