Forex Buy & Sell Trading Signals

Commercial Content Trading Signals
510

Hi Hubinator,

My Time Zone is Germany time Zone + 1 hour or +2 UTC. If it’s at your local time now around 13.00PM, it’s 14.00 at my time zone.
Briefly, I think it’s much easier to count 1-2 hours after market open or new daily candle open since as I know most brokers especially located around Europe have same market open & new daily candle open time. So as your broker time becomes “00.00” this is a new day or new daily candle open(you count after it 1-2 hours to see my new post).

I had previously advice traders to wake up (if it’s your sleeping time) or keep awake till time I post my Daily Forex Signals & Analysis, so you prepare your day at early time before any trading session would have start, so you miss no opportunity for any pair. Especially that sometimes it would be necessary to open an order at that time as market price for any pair/s might be testing the retracement levels(as today).
I believe it takes me much more time & effort to analyze all pairs, Gold & Oil, also news releases trading opportunities than any Trader setting their entries/exits lines for each pair or executing order/s to better prepare for a new trading day then you have all day to sleep if this is your favorite hobby but ofcourse not mine.

Good Luck Hubinator

511

FMM, I totally agree. Many of the questions asked repeatedly on this thread have already been answered countless times, if only one took the trouble to look.

I have been successfully trading these signals now for three months on a live account, to the point where it is now totally routine, boring and very profitable. When I first subscribed to these signals I took the effort to read every single post before I demo-traded the signals. Not only that, I also cut and pasted all FMM’s pearls of wisdom entangled in this thread and placed them in a single word document which I can refererence easily. Just a bit of effort is all it takes…

From my previous posts, you will know that I mainly trade the trend continuation (retracements) but lately I have also taken many good breakout trades. I don’t use any indicators, just 1 hr charts to draw the levels on, and 5 min charts for entries and exits. I do add trend lines and weekly/monthly highs/lows etc.

Anyway, I strongly recommend any new traders to demo-trade first (I did for about 5 weeks and even then I made a few ‘school boy’ errors when I began trading my live account).

I will try and post some more of my trades when I get time.

Dave

512

Oh man what a great idea.

513

Hello Traders,

Forex Signals & Analysis for 18th January 2012:

Short Term Signals:

Usd/Chf 0.9410/15 then 0.9375/80 then 0.9305/10, sell at 0.9585/90 then 0.9630/35 then 0.9685/90

Usd/Jpy Buy at 76.55/60 then 76.40/45 then 76.25/30, sell at 76.95/00 then 77.05/10 then 77.25/30

Euro/Usd Buy at 1.2620/25 then 1.2570/75 then 1.2490/95, sell at 1.2840/45 then 1.2890/95 then 1.2970/75

Gbp/Usd Buy at 1.5275/80 then 1.5250/55 then 1.5195/00, sell at 1.5405/10 then 1.5440/45 then 1.5480/85

Medium Term Daily Analysis:

Usd/Chf This pair is on downtrend basis today with overall sideways movement, retracement at 0.9500/10. As breakout trading buy at 0.9500/10 with TP1 0.9585/90 TP2 0.9630/35 TP3 0.9685/90,
while as Swing Trading sell order at 0.9500/10 with TP 1 0.9410/15 TP2 0.9375/80 TP3 0.9305/10

Usd/Jpy This pair is still moving sideways, Buy order at 76.80/85 with TP1 76.95/00 TP2 77.05/10 TP3 77.25/30, while sell order at 76.80/85 with TP1 76.55/60 TP2 76.40/45 TP3 76.25/30 and low is at 76.10/15

Euro/Usd This pair is still on downtrend but trying to base on uptrend, retracement at 1.2745/555. As breakout trading Buy order at 1.2745/55 with TP1 1.2840/45 Tp2 1.2890/95 TP3 1.2970/75,
while as swing trading sell order at 1.2745/55 with TP1 at 1.2620/25 Tp2 1.2570/75 Tp3 1.2490/95

Gbp/Usd This pair is still on downtrend, retracement at 1.5340/50. As breakout trading Buy at 1.5340/50 with Tp1 1.5405/10 Tp2 1.5440/45 Tp3 1.5480/85,
while as swing trading sell order at 1.5340/50 with Tp1 1.5275/80 Tp2 1.5250/55 Tp3 1.5195/00

Usd/Cad This pair is on downtrend basis, retracement at 1.0165/75. Buy order at 1.0165/75 as breakout trading with Tp1 at 1.0200/05 Tp2 1.0225/30 Tp3 1.0260/65, while as swing trading sell order at 1.0165/75 with Tp1 1.0095/00 Tp2 1.0070/75 Tp3 1.0035/40, low is at 1.0110/15 below would power the trend

Nzd/Usd This pair is still on uptrend, retracement at 0.7970/75. As breakout trading sell at 0.7970/75 with Tp1 at 0.7920/25 Tp2 0.7885/90 Tp3 0.7840/45, while as swing trading buy at 0.7970/75 with Tp1 at 0.8055/60 Tp2 0.8085/90 Tp3 0.8140/45

Euro/Chf This pair is still on downtrend, retracement at 1.2095/00. As breakout trading buy at 1.2095/00 with Tp1 at 1.2115/20 Tp2 1.2125/30 Tp3 1.2140/45, while as swing trading sell at 1.2095/00 with Tp1 1.2070/75 Tp2 1.2060/65 Tp3 1.2045/50

Gbp/Chf This pair is still on downtrend, retracement at 1.4570/80. As breakout buy at 1.4570/80 with Tp1 at 1.4655/60 Tp2 1.4705/10 Tp3 1.4750/55, while as swing trading sell at 1.4570/80 with Tp1 at 1.4490/95 Tp2 at low 1.4460/70

Euro/Gbp This pair is on uptrend basis, retracement at 0.8295/05. As Swing trading buy at 0.8295/05 with Tp1 at 0.8335/40 Tp2 0.8350/55 Tp3 0.8385/90, while as breakout trading sell at 0.8295/05 with Tp1 0.8255/60 Tp2 0.8235/40 Tp3 at low 0.8205/15

Aud/Usd This pair is on uptrend basis, retracement at 1.0350/60. As swing trading buy at 1.0350/60 with Tp1 at high 1.0435/45 Tp2 powering the trend to 1.0475/80 Tp3 1.0520/25 Tp4 1.0595/00 while as breakout trading sell at 1.0350/60 with Tp1 1.0270/75 Tp2 1.0225/30 Tp3 1.0150/55

Euro/Jpy This pair is still on downtrend, retracement at 97.90/00. As breakout trading buy order at 97.90/00 with Tp1 at 98.55/60 Tp2 98.90/95 Tp3 99.55/60, while as swing trading sell at 97.90/00 with Tp1 at 96.95/00 Tp2 96.55/60 Tp3 at low 96.00/10

Gbp/Jpy This pair is still on downtrend, retracement at 117.80/90. As swing trading swll at 117.80/90 with Tp1 at 117.30/35 Tp2 117.10/15 Tp3 116.70/75, while as breakout trading buy at 117.80/90 with Tp1 at 118.30/35 Tp2 118.55/60 Tp3 118.90/95

Oil reversed to uptrend, retracement at 100.75/80. As breakout trading sell order at 100.75/80 with Tp1 at 99.45/50 Tp2 98.70/75 Tp3 98.15/20, while as swing trading buy at 100.75/80 with Tp1 at 101.70/75 Tp2 102.10/15 Tp3 103.15/20

Gold is still on uptrend, retracement at 1647/48. As breakout trading sell at 1647/48 with Tp1 at 1635/36 Tp2 1627/28 Tp3 1613/14, while as swing trading buy at 1647/48 with Tp1 1670/71 high Tp2 powering the trend to 1679/80 Tp3 1692/93

We have Important news releases today for the Sterling, Dollar, And Canadian Dollar Currencies:

  • UK Claimant Count Change & Unemployment Rate: Buy Gbp/Usd if 9.4K or above, or/& 8.2% or below while sell if 8.8K or below, or/& 8.4% or above

  • US PPI: Buy Usd/Chf & Usd/Jpy if 0.3% or above while Buy Euro/Usd & Gbp/Usd if -0.1% or much worse

  • CAD BOC Monetary Policy Report & press conference: Main focus here would be at BOC Governor Carney who would speak and his talking would have big effect on the Canadian Dollar Currency in General & Usd/Cad pair Basically.

Have A Great Trading Day

514

Thanks for the Nice Compliment. Remember to pass by the Cashier to get paid…LOL

Couldn’t Agree more about all said…

Nothing but trading then trading then trading learning from mistakes(better if mostly at demo before going live) to improve at each new day.

Best Luck Dave

515

Thanks for the reply. I guess if you snooze you lose. I was probably too eager to get a few pips on what was an awesome trade. Part of my growth in forex is learning that I don’t have to make a trade.

thanks again

516

Hi FMM

I have a question for GBP/USD today. As you can see in the chart below highlighted in the yellow box region, the price breaks the two retracement lines, and I applied your breakout strategy. However, the price goes down below retracement lines before it’s even touched TP1, and I thought because you said GBP/USD is still in down trend, and I closed the breakout strategy, and sold at the retracement level, but as you can see, the price goes up again.

What do we do for situations like this? Should I just stick with only one strategy (either breakout or swing) no matter how the price reacts around retracement lines?

GBP.jpg700×367 33.4 KB

517

What a great questions. I’m being tossed all over the place stopping out on what where winners into losers. What a nightmare day. EUR/USD did the same thing. Crossed retracement, riding up nicely (but not to TP1), then blam all the way back through retracement. Where I thought we had a reversal, so I then shorted and what do you know, right back up. (As I type, its almost back to the same high point)

2012-01-18_0209.jpg700×361 44 KB

OK I admit that I adjusted my SL up once i was up about 30 pips to breakeven, which cause me to stop out at break even. So what does everyone do here? leave the SL at 50, or adjust up. Or was this just a case of crazy swings that aren’t typical.

I lost both ways on GBPUSD too, so 2 winners turned into like 4 losers.

Back to the drawing board for me

518

I believe we were a victim of a very piece of random news which was not in the calendar. Fitch had some news about the one of the euro zone members rating to be cut.

I myself moved my stops to BE and when it hit and rebounded I was not at my screen.

Ah… 1 bad trade. That’s why MM is so important.

Btw, loving the new format!

Thumbs up! FMM, I believe you deserve a lot of credit for doing this everyday. Karma points for you.

Thanks!

519

i very much appreciate the effort. tnx a lot. especially for detailed explanations.

520

[B]Results 17.01.[/B]

[B]USD/CHF[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 0.9525/30, high is at 0.9590/95 Buy order as Swing Trading at 0.9525/30 TP1 0.9570/75 TP2 0.9585/90 TP3 0.9600/05, while as breakout trading sell order at 0.9525/30 with TP1 at 0.9510/15 TP2 0.9500/05 TP3 0.9480/85.
[B]Trade:[/B] Short with crossing the retracement lines. TP3 @ TP3 0.9480/85 hit for a profit of [B]+50 pips.[/B]

[B]USD/JPY[/B]
[B]Signal:[/B] This pair is moving sideways. Sell order at 76.80/85 with TP1 76.55/60 TP2 76.45/50 TP3 76.25/30, buy order at 76.80/85 with TP1 77.05/10 TP2 77.20/25 TP3 77.35/40.
[B]Trade:[/B] Short with crossing the retracement lines. TP1 @ TP1 76.55/60 hit for a profit of [B]+20 pips[/B].

[B]EUR/USD[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.2690/00, low is at 1.2585/95 Buy order as breakout trading at 1.2695/05 with TP1 1.2720/25 TP2 1.2755/60, while as swing trading sell order at 1.2690/00 with TP1 1.2620/25 TP2 1.2595/00 TP3 1.2570/75.
[B]Trade:[/B] Long with breaking the retracement level. TP2 @ 1.2755/60 hit for a sure profit of +65 pips, but since this pair moved farther up (high @ 1.2810) one could have easily made some additional pips, so I count an overall profit of [B]+100 pips[/B] for this pair.

[B]GBP/USD[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.5335/45 and low at 1.5240/50. As breakout trading buy order at 1.5335/45 with TP1 at 1.5370/75 TP2 1.5390/95 TP3 1.5435/40,
while as swing trading sell order at 1.5335/45 with TP1 at 1.5265/70 TP2 1.5240/45 TP3 1.5205/10.
[B]Trade: [/B]Long with breaking the retracement level, hitting TP2 @ 1.5390/95 for a profit of [B]+60 pips[/B].

[B]USD/CAD[/B]
[B]Signal:[/B] This pair is moving sideways, with low at 1.0110/20 and high at 1.0275/85. Buy order at 1.0195/00 with TP1 1.0250/55 TP2 1.0285/90 TP3 1.0315/20, while sell order at 1.0190/95 with TP1 1.0130/35 TP2 1.0110/15 TP3 1.0055/60.
[B]Trade:[/B] Short with almost touching the lower resistance line (only 3 pips short of touching), hitting TP1 @ 1.0130/35 for a profit of [B]+40 pips[/B].

[B]NZD/USD[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 0.7925/30. Buy order as swing trading with TP1 at 0.7970/75 TP2 0.7985/90 TP3 0.8010/15, while as breakout trading sell order at 0.7925/30 with TP1 at 0.7900/05 TP2 0.7885/90 TP3 0.7860/65.
[B]Trade:[/B] Long with slightly crossing the upper retracement line and then clearly going up. TP 3 @ 0.8010/15 hit for a profit of [B]+80 pips[/B].

[B]EUR/CHF[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.2090/00 with low at 1.2060/65. Buy order as breakout trading at 1.2090/95 TP1 1.2105/10 TP2 1.2115/20 TP3 1.2130/35, while as swing trading sell order at 1.2090/95 with TP1 1.2055/60 TP2 1.2045/50 TP3 1.2030/35.
[B]Trade:[/B] Long with crossing the retracement lines, hitting TP1 @ 1.2105/10 for a profit of [B]+10 pips[/B].

[B]GBP/CHF[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.4645/55. As breakout trading buy order at 1.4645/55 with TP1 at 1.4675/80 TP2 1.4710/20 TP3 at high 1.4760/70, while as swing trading sell order at 1.4645/55 with TP1 1.4565/70 TP2 1.4545/50 TP3 1.4515/20.
[B]Trade: [/B] Short with slightly crossing the lower retracement line but then clearly heading downwards. TP2 @ 1.4545/50 reached for a profit of [B]+100 pips[/B].

[B]EUR/GBP[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 0.8270/80. Buy order as breakout trading at 0.8270/80 with TP1 0.8295/00 TP2 0.8305/10, while as breakout trading sell order at 0.8270/80 with TP1 at 0.8245/50 TP2 0.8235/40 TP3 at low 0.8215/25.
[B]Trade:[/B] Long with breaking both retracement lines, hitting TP2 target @ 0.8305/10 for a profit of +30 pips. Later this pair retraced, slightly touched the upper retracement line and then moved upwards again to hit TP1 @ 0.8295/00 for a profit of +20 pips.For those who held this position, TP2 target was reached with the beginning of the Asian session for a profit of +30 pips instead of +20 pips. Overall I will count a profit of [B]+50 pips[/B] for this pair.

[B]AUD/USD[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.0300/10. Buy order as breakout trading at 1.0300/10 TP1 1.0360/65 TP2 1.0380/85 TP3 1.0430/35, while as swing trading sell order at 1.0300/10 with TP1 1.0245/50 TP2 at 1.0215/20 TP3 1.0180/85.
[B]Trade:[/B] Perfect long trade with crossing the retracement level and hitting all targeted TP levels for a profit of [B]+120 pips.[/B]

[B]EUR/JPY[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 97.50/55. Buy order as breakout trading at 97.50/55 with TP1 97.60/65 TP2 97.80/85 TP3 98.00/05, while as swing trading sell order at 97.50/55 with TP1 at 96.95/00 TP2 96.80/85 TP3 96.60/65 while low is at 96.10/20.
[B]Trade:[/B] Long with breaking the retracement level, hitting TP3 @ 98.00/05 for a profit of [B]+50 pips[/B].

[B]GBP/JPY[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 117.75/85. Buy order as breakout trading at 117.75/85 with TP1 at 117.95/00 TP2 118.20/25 TP3 118.40/50, while as swing trading sell order at 117.75/85 with TP1 at 117.30/35 TP2 117.15/20 TP3 116.95/00.
[B]Trade:[/B] Long with breaking the retracement lines, hitting TP2 @ 118.20/25 for a profit of [B]+40 pips[/B].

Valid trades for today:

USD/CHF = +50 pips
USD/JPY = +20 pips
EUR/USD = +100 pips
GBP/USD = +60 pips
USD/CAD = +40 pips
NZD/USD = +80 pips
EUR/CHF = +10 pips
GBP/CHF = +100 pips
EUR/GBP = +50 pips
AUD/USD = +120 pips
EUR/JPY = +50 pips
GBP/JPY = +40 pips

Result for today: +720 pips
January: +4.750 pips

521

Ok, I have read and read through the posts and trying to get implicitly how you apply these signals. So Hubinator/ FFM your thoughts are welcome. I am UK time zone and the trade I observed was after 0800 this morning. So I take your signal retracement figure for medium term EUR/USD (12745) and drew that on my chart in a 1hr window. I then observed how this level has interacted with price action and then moved onto a smaller time frame for an entry ( 15 min). I found just after 0800 GMT, there was a hammer, with bullish engulfing pattern, which held above the 12745 level and found support
on the 60 SMA. This, along with a bullish MACD signal looked to me like a good trade, which I took and made a nice profit on (thank you very much). Now, to have taken this as a sell at 12745 I would have been looking for the very least at a hold below 12745 on the 1hr chart and hopefully some other form of indicator or signal to support a bearish bias which would have given a sell signal.

I just want to know if this is how you apply the signal and if I am working on the same lines as you??

Regards

522

Hi mtaylor2,

I strongly recommend you draw two retracement lines, not just one. In the signal the retracement area is 1.2745/55, so you draw a lower retracement line @ 1.2745 and an upper retracement line @ 1.2755.

Looking at my EUR/USD 15 min chart, I saw that the rate spiked down to cross the lower retracement line, but would then go up again. Personally, I don’t enter a short trade with such a constellation, but rather want to see a whole candle close below the lower retracement line to justify a short trade. So I don’t see a valid short entry. Look at the chart below.

eurusd.jpg700×348 31.4 KB

523

I corrected my daily result (17.01.) as I calculated the wrong profit for GBP/JPY. Now it’s 40 pips; originally I had a wrong profit of +120 pips.

524

@ Hubinator,

Can I ask u what pairs u actually trade if u u don’t mind me askin?

Also was wonderin what platform u r using to trade?

Regards

525

Hi Shaz. That is how I do it also, but like you say for that particular EUR trade to be a sell signal we would have wanted to see some form of confirmation as well as a hold beneathe the lower retracement line… Or would some people use a hold below the lower retracement line as justification for a sell signal ( all hypothetical based on todays action of course).

Cheers

526

Hi,

well, if I find the time I trade all the pairs in FMM’s signal service. Today I didn’t find the time and yesterday I was sidelined as I had missed most of the entries which occured during night when I sleep.

The chart is from a demo account with masterforex.org that I currently use in order to test if I can somehow program the signals at night and then go to bed. But it’s the same conventional MT4 platform that I use for my live accounts with AVA FX and Finexo. Rates sometimes differ a little, but it’s usually only 1-3 pips.

528

Ok I c… Ave tried a lot of brokers n platforms but ave cone back to fxcm online… Not to keen on mt4. Thanku

529

Exactly, You must learn to wait wait wait till the right moment or right Good Opportunity that match my daily analysis for the pair/s you trade so you enter a trade.

530

First of all, Any pair on up or downtrend today do not mean or assure it to be at opposite trend tomorrow.
As you realized that yesterday this same pair Gbp/Usd was also at downtrend at start of new candle then went upward to just close below keeping downtrend.

About the picture above, as you can clearly see that the the 5min. candle didn’t close below the retracement line and more it closed as a bullish hammer indicating upward move, also MACD & RSI were still clearly looking upward.

In General, those situations happen especially in sideways market movement as today that wasn’t clear what trend moving but in late hours despite it was nearly always basing above or at retracement price level.