Forex Buy & Sell Trading Signals

Commercial Content Trading Signals
531

Nearly same situation here with Euro/Usd but this pair situation was much better. After breaking retracement 1.2745/55, it kept going up to 1.2807 which is an exact 50 pips TP that I had just talked about in few previous posts.
To again refresh traders minds of the strategy TP rule, starts at 50 pips or TP1, and never give up all 50 pips if price do not keep going in your favor after hitting the 50 pips, you turn your profit to 20 pips(I think i was very clear about this…)
Why should you be found at breakeven if you bought at retracement 1.2745/55 and price reached till 1.2807(first long move)?! Besides, why should you enter a breakout trading order?! where do you see that price based below retracement levelbut a clear bounce and bullish candle close just as Gbp/Usd.
It’s not as you see a candle break the retracement level so you enter a breakout order and same for swing trading.
Forex Trading do not work like that…
This is why I assured many times how much it’s important to learn Swing, breakout, & price action strategies.

Even the few charts I had post in the weekend must had gave you some good tips how to trade the strategies.

No need to enter many orders(daily) around the retracement line, you must give the market price more freedom to move.

Briefly, all by all can be well be traded with some more experience in forex trading

532

Little more patience & experience would more help you gain money with low risk.

Thank you & “kwonkicker” for the Kind Compliment.

Good Luck

533

You can trade the way you like as you feel more comfortable and used to trade…

The Importance is in the final result. Despite that I prefer adapting my strategies with full deep details regarding entries and exits…

I provide you with clear accurate retracement price levels with entries/exits and it’s up to you to make the little more effort to only decide if you enter the market as swing or breakout trading as my retracement levels are clear entries or if you want start of trend or movement toward 50 pips and above.

534

I’m still trying to figure out how to get a trade in at the retracement level when we have to wait for confirmation. Seems like most of the time either the swing or the break happen pretty quick and after confirmation its already 5-10 pips off the line, plus the spread. So I always seem to start 10-15 pips behind. So when you say that it hit 50 pips exactly, i was at about 33 pips. So, being only 33 pips up, a stop level for a 20 pip profit only leaves about 13 for price action, and this pair before reaching the 1.2807 had already gone up and then down 30 pips. So I was trying to keep from a losing trade, without be stopped out prematurely.

Regarding the poor breakout trade…:56: … what can I say. Dumb newbie mistake.

I will say that I learned a lot from this, and hopefully can use it as a good lesson.

thanks for your hard work!!

535

Hello Traders,

Forex Signals & Analysis for 19th January 2012:

Short Term Signals:

Usd/Chf Buy at 0.9335/40 then 0.9310/15 then 0.9235/40, sell at 0.9490/95 then 0.9535/40 then 0.9575/80

Usd/Jpy Buy at 76.60/65 then 76.50/55 then 76.45/50, sell at 76.90/95 then 77.00/05 then 77.10/15

Euro/Usd Buy at 1.2740/45 then 1.2685/90 then 1.2640/45, sell at 1.2925/30 then 1.2955/60 then 1.3040/45

Gbp/Usd Buy at 1.5335/40 then 1.5285/90 then 1.5245/50, sell at 1.5490/95 then 1.5515/20 then 1.5590/95

Medium Term Daily Analysis:

Usd/Chf This pair is still on downtrend, retraceemnt at 0.9435/45. As breakout trading, buy at 0.9435/45 with Tp1 0.9490/95 Tp2 0.9535/40 Tp3 0.9575/80,
while as swing trading sell at 0.9435/45 with TP1 0.9335/40 TP2 0.9310/15 TP3 0.9235/40

Usd/Jpy This pair is still moving sideways. Buy order at 76.80/85 with TP1 76.90/95 TP2 77.00/05 TP3 77.10/15, while sell order at 76.80/85 with TP1 76.60/65 TP2 76.50/55 TP3 76.45/50

Euro/Usd This pair is on uptrend today but would face resistance at 1.2865/75, retracement at 1.2795/05. As breakout trading, sell at 1.2795/05 with TP1 1.2740/45 TP2 1.2685/90 TP3 1.2640/45,
while as swing trading buy at 1.2795/05 with TP1 1.2925/30 TP2 1.2955/60 TP3 1.3040/45

Gbp/Usd This pair is on uptrend basis today but would face resistance at 1.5470/80, retracement at 1.5385/95. As breakout trading, sell at 1.5385/95 with TP1 1.5335/40 TP2 1.5285/90 TP3 1.5245/50,
while as swing trading buy order at 1.5385/95 with TP1 1.5490/95 TP2 1.5515/20 TP3 1.5590/95

Usd/Cad This pair is still on downtrend, retracement at 1.0140/50. As breakout trading, buy at 1.0140/50 with TP1 1.0170/75 TP2 1.0295/00 TP3 1.0215/20,
while as swing trading sell at 1.0140/50 with TP1 1.0075/80 TP2 1.0060/65 TP3 1.0015/20

Nzd/Usd This pair is still on uptrend, retracement at 0.8000/05. As breakout trading sell at 0.8000/05 with TP1 0.7980/85 TP2 0.7950/55 TP3 0.7910/15, while as swing trading buy at 0.8000/05 with TP1 0.8095/00 TP2 0.8125/30 TP3 0.8165/70

Euro/Chf This pair is still on downtrend, retracement at 1.2090, low at 1.2040/50. As breakout trading buy at 1.2090 with TP1 1.2135/40 TP2 1.2160/65 TP3 1.2185/90, while as swing trading sel at 1.2090 with TP1 1.2040/45 TP2 1.2025/30

Gbp/Chf This pair is still on downtrend, retracement at 1.4530/40, low at 1.4440/50. As breakout trading, buy at 1.4530/40 with TP1 1.4565/70 TP2 1.4600/05 TP3 1.4635/40, while as swing trading sell at 1.4530/40 with TP1 1.4445/50 TP2 1.4420/25 TP3 1.4370/75

Euro/Gbp This pair is still on uptrend, retracement at 0.8310/20. As breakout trading sell at 0.8310/20 with TP1 0.8290/95 TP2 0.8275/80 TP3 0.8250/55, while as swing trading buy at 0.8310/20 with TP1 0.8360/65 TP2 0.8375/80 TP3 0.8405/10

Aud/Usd This pair is still on uptrend, retracement at 1.0380/90, high at 1.0465/70. As breakout trading, sell at 1.0380/90 with TP1 at 1.0360/65 TP2 1.0330/35 TP3 1.0305/10, while as swing trading buy at 1.0380/90 with TP1 1.0465/70 TP2 1.0485/90 TP3 1.0535/40

Euro/Jpy This pair is on uptrend basis today, retracement at 98.30/40. As breakout trading, sell at 98.30/40 with TP1 97.75/80 TP2 97.25/30 TP3 96.80/85, while as swing trading buy 98.30/40 with TP1 99.35/40 TP2 99.65/70 TP3 100.40/45

Gbp/Jpy This pair is on uptrend basis, retracement at 118.20/30. As breakout trading, sell at 118.20/30 with TP1 117.60/65 TP2 117.15/20 TP3 116.75/80, while as swing trading buy at 118.20/30 with TP1 119.10/15 TP2 119.30/35 TP3 120.00/05

Oil is still on uptrend, retracement at 100.65/70. As swing trading buy at 100.65/70 with TP1 102.50/55 TP2 103.20/25 TP3 104.35/40, while as breakout trading sell at 100.65/70 with TP1 99.50/55 TP2 98.70/75 TP3 97.70/75

Gold is still on uptrend, retracement at 1654/55. As breakout trading, sell at 1654/55 with TP1 1642/43 TP2 1634/35 TP3 1627/28, while as swing trading buy at 1654/55 with TP1 1669/70 TP2 1674/75 TP3 high at 1680/81 and possibly TP4 1686/87

We have Important News Releases today for the Dollar Currency:

  • US Core CPI & Unemployment Claims: Buy Usd/chf & Usd/Jpy if 0.3% or/& 370K or below, while Buy Euro/Usd & Gbp/Usd if -0.1% or/& 400K or above

  • US Philly Fed Manufacturing Index: Buy Usd/chf & Usd/Jpy if 13 or above while Buy Euro/Usd & Gbp/Usd if 8 or below

Have A Great Trading Day

536

If you just well understand the swing & breakout strategies(how they work) you’ll not be asking this question about how to trade at the retracement price level. Newbies & all traders must always Spend sometime on educating themselves at all parts of forex trading.
Besides, sometimes and with some pairs it happens that price keeps playing up & down around the retracement level, this is not abnormal, you did not see anything yet if you see such movement weird. what if you see some sudden spikes of 100-150 pips as years of trading the markets had show me everything possible.
Sometimes, picking the right pair/s for trading per day makes the whole difference. for example yesterday Aud/Usd perfect swing movement with 1 touch and bounce of retracement to then keep going upward to around 70 pips. So this is 50 pips sure Gain is saving 50pips if price goes back before the TP1 or 100 pips…this strategy TP rule…(mentioned many times)

As you realized as day advanced, Euro/Usd & Gbp/Usd continued a perfect breakout to most TP levels.

Both didn’t base or open a clear bearish candle below the retracement levels at any time or frame neither 5 min. 15 min. nor 1 hour to be confirmed as swing trading but totally the opposite with bullish close then open candles(wait for the candle to close)… They even broke out from early hours(yesterday) and kept basing above the retracement level playing mostly above it…

As you said at end, you’ll learn a lot from your mistakes for a better coming trading…

Best Luck

537

I’m starting to feel like the village idiot around here, so I promise to bug you again for a few days. I’ve read the TP rules many times, and I understand about the 50, 100, etc… pips. I guess the thing I’m confused about is often the TP levels are less than 50 pips. Take this from today for example;

On breakout shown above TP1 is only 30 pips from retracement, so do we take profit at 30, or wait for 50 pips?
On the swing strategy TP2 is only 15 pips from TP1. So do we take profit at TP2 if reached, or wait for 100 pips? (note: on the breakout trade above, I think you have TP2 and TP3 switched)

I’m sure I’m asking a stupid question that you try to explain before, so I will apologize in advance, and like I said, wont bug you for awhile.

Mark

538

First of all, Yes, what a typing mistake. TP2 for Usd/Cad is 1.0195/00 not 1.0295/00 as you could had understood.
Would like any trader who see any doubting mistake as this at any day to quickly post his doubt or remark so I fix it quickly especially traders who read my daily analysis at time I post it. Sometimes such mistakes happen for lack of time and quick typing but usually traders must get the whole idea or turn it right.

TP rule of this strategy is 50 pips or TP1 (as repeated many times). In some cases and pairs with usually short daily range as usdcad eurogbp eurochf usdjpy and even sometimes when major pairs as eurousd have tight movement some days you might find yourself in such belwo 50 pips start movement but again you turn it to TP1.

No Trader can tell you from now or at new candle open when to exit for any pair if 50 or TP1 or TP2 or TP3.

I am not a predictor nor I control the market. Each Trader must know when to enter and exit according to market price action. I provide you with clear accurate entries and exits and it’s up to you with your forex knowledge and trading experience to do the rest.

This thread is not a live signals service to post entry and exit at right time when they happen.

Do not worry, ask whatever questions you want at any day but also try to learn more about the strategies.

Best Luck Mark

539

Well,

I think there’s no way FMM can give an answer as to whether you close a profit at an early TP level or keep it open to see if it hits TP3. [B]YOU[/B] need to monitor your trades by yourself and [B]YOU [/B]alone decide when to close a position and take profits. But as far as the late entries are concerned, I can provide you with a cool tool (scripts) that will help you find the right entries. But how do I attach a file here?

540

Here we go

EasyOrder-Mod-2-LineWidth2.zip (76.8 KB)

541

Hi Hubinator,

cant seem to work the script following your instructions

542

Hi alfiesan,

the scripts are for use with the Metatader platform. If you installed all the files according to my description you should see the scripts when expanding the entry “Scripts” in your Navigator.

Let me know what works or not - I’ll try to help.

543

I forgot to mention you need to have the use of Expert Advisors enabled:

  1. Extras > Options > Expert Advisors - activate the four main checkboxes to the very left
  2. Click the Expert Advisors button in your MT4 platfom.

When these steps are done, you simply drag&drop the script to the desired chart.

Also, don’t forget to restart your MT4 platform once you have extrcted the files to the intended folders.

This should work now.

544

[B]Results 18.01.[/B]

[B]USD/CHF[/B]
[B]Signal:[/B] 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.
[B]Trade:[/B] No trade

[B]USD/JPY[/B]
[B]Signal:[/B] 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.
[B]Trade:[/B] A valid short trade early in the Asian session when breaking the retracement level. No TP hit, this pair would change its direction and move up to slightly cross the upper retracement line. Low was @ 76.65, so once a trader recognized this pair would change it’s direction and go up it was time to exit this trade. I think the max. profit here was +10 pips, but I rather count this as a break even trade because those who missed to exit this trade early had several chances to exit later when the rate would repeatedly cross the lower retracement line.

[B]EUR/USD[/B]
[B]Signal:[/B] This pair is still on downtrend but trying to base on uptrend, retracement at 1.2745/55. 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.
[B]Trade:[/B] Long with breaking the retracement levels, hitting TP1 @ 1.2840/45 for a profit of [B]+90 pips[/B].

[B]GBP/USD[/B]
[B]Signal:[/B] 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.
[B]Trade:[/B] Long with breaking the retracement levels, hitting Tp1 @ 1.5405/10 for a profit of [B]+60 pips[/B].

[B]USD/CAD[/B]
[B]Signal:[/B] 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.
[B]Trade:[/B] There were two possibilities to enter a short trade:

  1. This pair touched the lower retracement line during a short upward move and then went down again. No TP level hit, but when this pair retraced to go up again, a good exit was around 1.0130-40 for a profit of +30 pips.
  2. We saw a second upward wave where this pair slightly crossed the upper retracement line before moving all the way down to the previous low around 1.0120. This trade was good for a profit of +30 pips, so overall I count a profit of [B]+60 pips[/B] for this pair.

[B]NZD/USD[/B]
[B]Signal:[/B] 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.
[B]Trade:[/B] No trade

[B]EUR/CHF[/B]
[B]Signal:[/B] 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 1.2045/5.
[B]Trade:[/B] Short with crossing the lower retracement line, hitting Tp1 @ 1.2070/75 for a profit of [B]+20 pips[/B].

[B]GBP/CHF[/B]
[B]Signal:[/B] 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.
[B]Trade:[/B] No trade

[B]EUR/GBP[/B]
[B]Signal: [/B]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 0.8205/1.
[B]Trade:[/B] Long with breaking the retracement level and hitting Tp1 @ 0.8335/40 for a profit of [B]+30 pips[/B].

[B]AUD/USD[/B]
[B]Signal:[/B] 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.
[B]Trade:[/B] No trade – I’m not sure if the second spike down can be counted as a valid trigger for a short trade. It was just 4 pips away from the indicated buy entry, but since it was a spike I’m not sure if anybody was able to react that fast and open a long position here. For those who did, I think a good exit was within the range of 1.0410-20 for a profit of +50-60 pips, but I rather count this as a no trade situation.

[B]EUR/JPY[/B]
[B]Signal:[/B] 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.
[B]Trade:[/B] There were two valid entries for this pair:

  1. Long with breaking the retracement, but not hitting any TP level. High was around 98.32, so when this pair went down again one could have exited with a profit of +10-20 pips.
  2. Short with breaking the lower retracement line, but again without reaching any TP level. Low around 97.65, so when this pair moved up a bit to touch the lower retracement line, one could have exited this trade with a profit of +10 pips.

I think this pair was not easy to trade, so I count a min. profit of +10 pips on each of the possible trades for an overall profit of [B]+20 pips[/B].

[B]GBP/JPY[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 117.80/90. As swing trading sell 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.
[B]Trade:[/B] I think there were two trading opportunities:

  1. Early in the Asian session with touching the lower retracement line and then going down, thus triggering a short entry. No TP target hit, this pair would go up and slightly touch the upper retracement line before going down again and then finally starting a clear upward breakout. I think most traders had a problem to cash in some profit with this spiking behavior, but I think there was a good chance to close this trade at break even or a small profit.
  2. Later we saw an upward breakout that finally hit Tp1 @ 118.30/35 for a profit of [B]+50 pips[/B].

Valid trades:

EUR/USD = +90 pips
GBP/USD = +60 pips
USD/CAD = +60 pips
EUR/CHF = +20 pips
EUR/GBP = +30 pips
EUR/JPY = +20 pips
GBP/JPY = +50 pips

Result for today: +330 pips
January: +5.260 pips

545

[B]Results 19.01.[/B]

[B]USD/CHF[/B]
[B]Signal:[/B] This pair is still on downtrend, retraceemnt at 0.9435/45. As breakout trading, buy at 0.9435/45 with Tp1 0.9490/95 Tp2 0.9535/40 Tp3 0.9575/80, while as swing trading sell at 0.9435/45 with TP1 0.9335/40 TP2 0.9310/15 TP3 0.9235/40.
[B]Trade:[/B] No trade

[B]USD/JPY[/B]
[B]Signal:[/B] This pair is still moving sideways. Buy order at 76.80/85 with TP1 76.90/95 TP2 77.00/05 TP3 77.10/15, while sell order at 76.80/85 with TP1 76.60/65 TP2 76.50/55 TP3 76.45/50.
[B]Trade:[/B] Short with bouncing against the lower retracement line and then going down. No TP hit, this pair went up to break the retracement level, so I think a break even trade was possible. Later we saw a clear long breakout with crossing the upper retracement line and hitting TP3 @ 77.10/15 for a profit of [B]+30 pips[/B].

[B]EUR/USD[/B]
[B]Signal:[/B] This pair is on uptrend today but would face resistance at 1.2865/75, retracement at 1.2795/05. As breakout trading, sell at 1.2795/05 with TP1 1.2740/45 TP2 1.2685/90 TP3 1.2640/45, while as swing trading buy at 1.2795/05 with TP1 1.2925/30 TP2 1.2955/60 TP3 1.3040/45.
[B]Trade: [/B] No trade

[B]GBP/USD[/B]
[B]Signal:[/B] This pair is on uptrend basis today but would face resistance at 1.5470/80, retracement at 1.5385/95. As breakout trading, sell at 1.5385/95 with TP1 1.5335/40 TP2 1.5285/90 TP3 1.5245/50, while as swing trading buy order at 1.5385/95 with TP1 1.5490/95 TP2 1.5515/20 TP3 1.5590/95.
[B]Trade:[/B] No trade

[B]USD/CAD[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.0140/50. As breakout trading, buy at 1.0140/50 with TP1 1.0170/75 TP2 1.0295/00 TP3 1.0215/20, while as swing trading sell at 1.0140/50 with TP1 1.0075/80 TP2 1.0060/65 TP3 1.0015/20.
[B]Trade:[/B] No trade

[B]NZD/USD[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 0.8000/05. As breakout trading sell at 0.8000/05 with TP1 0.7980/85 TP2 0.7950/55 TP3 0.7910/15, while as swing trading buy at 0.8000/05 with TP1 0.8095/00 TP2 0.8125/30 TP3 0.8165/70.
[B]Trade:[/B] The lower retracement line served pretty much as a resistance for this pair that several times touched this line but would always bounce up a little but only for a move of max. 20 pips. There were three chances to close this trade @ 0.8025 , so I take this level as the possible profit level. Result for this pair is [B]+20 pips[/B].

[B]EUR/CHF[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.2090, low at 1.2040/50. As breakout trading buy at 1.2090 with TP1 1.2135/40 TP2 1.2160/65 TP3 1.2185/90, while as swing trading sel at 1.2090 with TP1 1.2040/45 TP2 1.2025/30.
[B]Trade:[/B] No trade

[B]GBP/CHF[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.4530/40, low at 1.4440/50. As breakout trading, buy at 1.4530/40 with TP1 1.4565/70 TP2 1.4600/05 TP3 1.4635/40, while as swing trading sell at 1.4530/40 with TP1 1.4445/50 TP2 1.4420/25 TP3 1.4370/75.
[B]Trade:[/B] No trade

[B]EUR/GBP[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 0.8310/20. As breakout trading sell at 0.8310/20 with TP1 0.8290/95 TP2 0.8275/80 TP3 0.8250/55, while as swing trading buy at 0.8310/20 with TP1 0.8360/65 TP2 0.8375/80 TP3 0.8405/10.
[B]Trade:[/B] No trade

[B]AUD/USD[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 1.0380/90, high at 1.0465/70. As breakout trading, sell at 1.0380/90 with TP1 at 1.0360/65 TP2 1.0330/35 TP3 1.0305/10, while as swing trading buy at 1.0380/90 with TP1 1.0465/70 TP2 1.0485/90 TP3 1.0535/40.
[B]Trade:[/B] There were two valid trades for this pair:

  1. Short with breaking the retracement, but without hitting any TP level. This pair would then move upwards and cross the upper retracement line, so I count this trade as a loss of –20 pips, assuming one most likely would have exited this trade with 10 pips above the upper retracement line.
  2. Long with breaking the retracement level. With high around 1.0433 this pair started a downward move to keep moving up and down the daily pivot @ 1.0410. I count this as a good exit, which would mean a result of +20 pips for this trade and an overall result as break even.

[B]EUR/JPY[/B]
[B]Signal:[/B] This pair is on uptrend basis today, retracement at 98.30/40. As breakout trading, sell at 98.30/40 with TP1 97.75/80 TP2 97.25/30 TP3 96.80/85, while as swing trading buy 98.30/40 with TP1 99.35/40 TP2 99.65/70 TP3 100.40/45.
[B]Trade: [/B]No trade

[B]GBP/JPY[/B]
[B]Signal:[/B] This pair is on uptrend basis, retracement at 118.20/30. As breakout trading, sell at 118.20/30 with TP1 117.60/65 TP2 117.15/20 TP3 116.75/80, while as swing trading buy at 118.20/30 with TP1 119.10/15 TP2 119.30/35 TP3 120.00/05.
[B]Trade:[/B] Long with touching the upper retracement line and then moving up. TP 2 reached @ 119.30/35 for a profit of [B]+100 pips[/B]. For those who followed the entire movement a higher profit was possible.

Valid trades:

USD/JPY = +30 pips
NZD/USD = +20 pips
AUD/USD = 0 pips (break even)
GBP/JPY = +100 pips

Result for today: +150 pips
January: +5.410 pips

546

Hello Traders,

Forex Signals & Analysis for 20th January 2012:

Short Term Signals:

Usd/Chf Buy at 0.9270/75 then 0.9250/55 then 0.9190/95, sell at 0.9400/05 then 0.9440/45 then 0.9475/80

Usd/Jpy Buy at 76.60/65 then 76.40/45 then 76.10/15, sell at 77.45/50 then 77.65/70 then 77.95/00

Euro/Usd Buy at 1.2845/50 then 1.2790/95 then 1.2745/50, sell at 1.3025/30 then 1.3055/60 then 1.3145/50

Gbp/Usd Buy at 1.5415/20 then 1.5385/90 then 1.5355/60, sell at 1.5520/25 then 1.5540/45 then 1.5590/95

Medium Term Daily Analysis:

Usd/Chf This pair is still on downtrend, retracement at 0.9380/90 and low at 0.9270/80. As breakout trading, buy at 0.9380/90 with Tp1 0.9400/05 Tp2 0.9440/45 Tp3 0.9475/80,
while as swing trading sell at 0.9380/90 with Tp1 low at 0.9270/75 Tp2 powering the trend to 0.9250/55 Tp3 0.9190/95

Usd/Jpy This pair is still moving sideways with uptrend basis today, retracement at 76.95/05. Buy as swing trading at 76.95/05 with Tp1 77.45/50 Tp2 77.65/70 Tp3 77.95/00,
while as breakout trading sell at 76.95/05 with Tp1 76.60/65 Tp2 76.40/45 Tp3 76.10/15

Euro/Usd This pair is still on uptrend, retracement at 1.2880/90. As swing trading buy at 1.2880/90 with Tp1 1.3025/30 Tp2 1.3055/60 Tp3 1.3145/50,
while as breakout trading sell at 1.2880/90 with Tp1 1.2845/50 Tp2 1.2790/95 Tp3 1.2745/50

Gbp/Usd This pair is still on uptrend, retracement at 1.5430/40. As swing trading buy at 1.5430/40 with Tp1 1.5520/25 Tp2 1.5540/45 Tp3 1.5590/95,
whil as breakout trading sell at 1.5430/40 with Tp1 1.5415/20 Tp2 1.5385/90 Tp3 1.5355/60

Usd/Cad This pair is still on downtrend, retracement at 1.0125/35 and low at 1.0080/85. As swing trading sell at 1.0125/35 with Tp1 1.0060/65 Tp2 1.0040/45 Tp3 1.0015/20,
while as breakout trading buy at 1.0125/34 with Tp1 1.0140/45 Tp2 1.0155/60 Tp3 1.0185/90

Nzd/Usd This pair is still on uptrend, retracement at 0.8010/15. As swing trading buy at 0.8010/15 with Tp1 0.8050/55 Tp2 0.8065/70 Tp3 0.8090/95,
while as breakout trading sell at 0.8010/15 with Tp1 0.7995/00 Tp2 0.7980/85 Tp3 0.7960/65

Euro/Chf This pair is still on downtrend, retracement at 1.2085/90. As swing trading sell at 1.2085/90 with Tp1 1.2065/70 Tp2 1.2055/60 Tp3 low at 1.2045/50, while as breakout trading buy at 1.2085/90 with Tp1 1.2095/00 Tp2 1.2100/05 Tp3 1.2115/20

Gbp/Chf This pair is still on downtrend, retracement at 1.4480/90 and low at 1.4400/10. As breakout trading buy at 1.4480/90 with Tp1 1.4505/10 Tp2 1.4540/45 Tp3 1.4565/70, while as swing trading sell at 1.4480/90 with Tp1 1.4390/95 Tp2 1.4375/80 Tp3 1.4315/20

Euro/Gbp This pair is still on uptrend, retracement at 0.8340/50. As swing trading buy at 0.8340/50 with Tp1 0.8390/95 Tp2 0.8400/05 Tp3 0.8435/40, while as breakout trading sell at 0.8340/50 with Tp1 0.8325/30 Tp2 0.8305/10 Tp3 0.8290/95

Aud/Usd This pair is still on uptrend, retracement at 1.0390/00. As breakout trading buy at 1.0390/00 with Tp1 at 1.0450/55 Tp2 high at 1.0470/75 Tp3 1.0505/10

Euro/Jpy This pair is still on uptrend, retracement at 99.15/25. As swing trading buy at 99.15/25 with Tp1 100.70/75 Tp2 101.00/05 Tp3 102.00/05, while as breakout trading sell at 99.15/25 with Tp1 98.60/65 Tp2 98.00/05 Tp3 97.45/50

Gbp/Jpy This pair is still on uptrend, retracement at 118.80/90. As swing trading buy at 118.80/90 with Tp1 120.15/20 Tp2 120.50/55 Tp3 121.35/40, while as breakout trading sell at 118.80/90 with Tp1 118.25/30 Tp2 117.70/75 Tp3 117.10/15

Oil is on downtrend basis today, retracement at 100.65/70. As swing trading sell at 100.65/70 with Tp1 99.35/40 Tp2 98.70/75 Tp3 97.50/55, while as breakout trading buy at 100.65/70 with Tp1 102.15/20 Tp2 102.95/00 Tp3 103.85/90

Gold is still on uptrend, retracement at 1654/55. As breakout trading sell at 1654/55 with Tp1 1644/45 Tp2 1638/39 Tp3 1626/27, while as swing trading buy at 1654/55 with Tp1 1672/73 Tp2 1679/80 Tp3 1689/90

There are Important News Releases today for the Sterling, Canadian Dollar, and Dollar Currencies:

  • UK Retail Sales: Buy Gbp/Usd if 0.3% or above while sell if -0.1% or below

  • CAD Core CPI: Buy Usd/Cad if -0.4% or worse while sell if 0.1% or above

  • US Existing Home Sales : Buy Usd/chf & Usd/Jpy if 4.80M or above while Buy Euro/Usd & Gbp/Usd if 4.45M or below

Have A Great Trading Day & An Interesting Weekend

547

[B]Results 20.01.[/B]

[B]USD/CHF[/B]
[B]Signal: [/B]This pair is still on downtrend, retracement at 0.9380/90 and low at 0.9270/80. As breakout trading, buy at 0.9380/90 with Tp1 0.9400/05 Tp2 0.9440/45 Tp3 0.9475/80, while as swing trading sell at 0.9380/90 with Tp1 low at 0.9270/75 Tp2 powering the trend to 0.9250/55 Tp3 0.9190/95.
[B]Trade:[/B] No trade

[B]USD/JPY[/B]
[B]Signal:[/B] This pair is still moving sideways with uptrend basis today, retracement at 76.95/05. Buy as swing trading at 76.95/05 with Tp1 77.45/50 Tp2 77.65/70 Tp3 77.95/00,
while as breakout trading sell at 76.95/05 with Tp1 76.60/65 Tp2 76.40/45 Tp3 76.10/15.
[B]Trade:[/B] Long when the pair almost touched the upper retracement line (only 1 pip short) and then went up (2 times). No TP level hit, high was around 77.30 so when this pair went down I think one could have exited with a profit of [B]+10 pips[/B].

[B]EUR/USD[/B]
[B]Signal: [/B]This pair is still on uptrend, retracement at 1.2880/90. As swing trading buy at 1.2880/90 with Tp1 1.3025/30 Tp2 1.3055/60 Tp3 1.3145/50, while as breakout trading sell at 1.2880/90 with Tp1 1.2845/50 Tp2 1.2790/95 Tp3 1.2745/50.
[B]Trade:[/B] Long with the pair touching the upper retracement lines three times. No TP level hit, I think a good exit was around 1.2940 for a profit of [B]+50 pips[/B].

[B]GBP/USD[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 1.5430/40. As swing trading buy at 1.5430/40 with Tp1 1.5520/25 Tp2 1.5540/45 Tp3 1.5590/95, whil as breakout trading sell at 1.5430/40 with Tp1 1.5415/20 Tp2 1.5385/90 Tp3 1.5355/60.
[B]Trade:[/B] No trade

[B]USD/CAD[/B]
[B]Signal: [/B]This pair is still on downtrend, retracement at 1.0125/35 and low at 1.0080/85. As swing trading sell at 1.0125/35 with Tp1 1.0060/65 Tp2 1.0040/45 Tp3 1.0015/20, while as breakout trading buy at 1.0125/35 with Tp1 1.0140/45 Tp2 1.0155/60 Tp3 1.0185/90.
[B]Trade:[/B] This pair was moving up and down the upper retracement line triggering a buy order. TP 1 reached for a profit of [B]+10 pips[/B].

[B]NZD/USD[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 0.8010/15. As swing trading buy at 0.8010/15 with Tp1 0.8050/55 Tp2 0.8065/70 Tp3 0.8090/95, while as breakout trading sell at 0.8010/15 with Tp1 0.7995/00 Tp2 0.7980/85 Tp3 0.7960/65.
[B]Trade:[/B] I think we had three valid trades for this pair:

  1. At the end of the Asian session this pair slightly crossed the upper retracement line and then went up, triggering a buy order. No TP level hit, this pair would move as far as 0.8030 and then go down again for no gain at all.
  2. Early in the European session the lower retracement line was crossed for a valid sell order. Tp1 @ 0.7995/00 reached for a profit of +10 pips.
  3. NZD/USD then broke the upper retracement line during a clear upward movement, hitting Tp1 @ 0.8050/55 for a profit of +40 pips.

Overall profit: [B]+50 pips[/B].

[B]EUR/CHF[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.2085/90. As swing trading sell at 1.2085/90 with Tp1 1.2065/70 Tp2 1.2055/60 Tp3 low at 1.2045/50, while as breakout trading buy at 1.2085/90 with Tp1 1.2095/00 Tp2 1.2100/05 Tp3 1.2115/20.
[B]Trade:[/B] Short with crossing the lower retracement line, hitting Tp1 @ 1.2065/70 for a profit of [B]+10 pips[/B].

[B]GBP/CHF[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.4480/90 and low at 1.4400/10. As breakout trading buy at 1.4480/90 with Tp1 1.4505/10 Tp2 1.4540/45 Tp3 1.4565/70, while as swing trading sell at 1.4480/90 with Tp1 1.4390/95 Tp2 1.4375/80 Tp3 1.4315/20.
[B]Trade:[/B] Long with crossing the retracement level upwards, reaching Tp2 @ 1.4540/45 for a profit of [B]+50 pips[/B].

[B]EUR/GBP[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 0.8340/50. As swing trading buy at 0.8340/50 with Tp1 0.8390/95 Tp2 0.8400/05 Tp3 0.8435/40, while as breakout trading sell at 0.8340/50 with Tp1 0.8325/30 Tp2 0.8305/10 Tp3 0.8290/95.
[B]Trade: [/B] Short with crossing the lower retracement line @ 0.8340 hitting Tp2 @ 0.8305/10 for a profit of [B]+30 pips[/B].

[B]AUD/USD[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 1.0390/00. As breakout trading buy at 1.0390/00 with Tp1 at 1.0450/55 Tp2 high at 1.0470/75 Tp3 1.0505/10.
Trade: I think we had three valid trades for this pair:

  1. At the end of the Asian session this pair touched the upper retracement line and then went up, triggering a buy order. No TP level hit, this pair would move as far as 1.0430 and then go down again. I think a profit of +10 pips was possible with that trade.
  2. Early in the European session the lower retracement line was crossed for a valid sell order. No TP level hit, this pair would immediately rebound and move up, so I count a loss of –20 pips for this pair, assuming a trader most likely would have exited 10 pips above the upper retracement line which then called for a long trade.
  3. Long with crossing the upper retracement line during a clear upward movement, hitting Tp2 @ 1.0470/75 for a profit of +70 pips.

Overall profit: [B]+60 pips[/B].

[B]EUR/JPY[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 99.15/25. As swing trading buy at 99.15/25 with Tp1 100.70/75 Tp2 101.00/05 Tp3 102.00/05, while as breakout trading sell at 99.15/25 with Tp1 98.60/65 Tp2 98.00/05 Tp3 97.45/50.
[B]Trade:[/B] No trade

[B]GBP/JPY[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 118.80/90. As swing trading buy at 118.80/90 with Tp1 120.15/20 Tp2 120.50/55 Tp3 121.35/40, while as breakout trading sell at 118.80/90 with Tp1 118.25/30 Tp2 117.70/75 Tp3 117.10/15.
[B]Trade:[/B] No trade

Valid trades:

USD/JPY = +10 pips
EUR/USD = +50 pips
USD/CAD = +10 pips
NZD/USD = +50 pips
EUR/CHF = +10 pips
GBP/CHF = +50 pips
EUR/GBP = +30 pips
AUD/USD = +60 pips

Result for today: +270 pips
January: +5.680 pips

548

hubinator, did you apply those trades, or is this just a backtesting…?

549

Hi kwonkicker,

the results are pure hypothetical as I have already pointed out earlier. My intention is just to show how powerful and profitable the signals are - when applied correctly. If I tried to trade all 12 pairs at the same time I probably would mix things up and get lost.

550

Once you grasp basic price-action at the signal levels, then it is relatively easy to profit from these signals. I now average about 1000 pips per month and now very rarely get a losing day. It has taken me over 3 months to get to this consistancy. I don’t trade all the pairs, and I prefer trading with the trend (enter on retracement) so tend to use the ST signals as profit targets. Also I scale out of my positions uaually, and I rarely let my SL get hit.

Dave