Also I forgot to mention:
Do not ignore the importance of the close of the [I]HOURLY[/I] candle when looking at price above/below the retracement levels. I put more weight on the hourly close, than say a 15m candle poking through the level and this has kept my powder dry on many occasions.
Dave
Dear Traders,
A Clear typing mistake and lack of info for Aud/Usd pair Analysis at Friday 20/1/2012(yesterday), just discovered it now, liked if any trader had informed me about it at friday early time so I fix it.
Anyway, Downside for this pair was invalid- not usedâŚ
The correction is Aud/Usd This pair is still on uptrend, retracement at 1.0390/00. As Swing(not breakout) trading(as uptrend movement) buy at 1.0390/00 with Tp1 at 1.0450/55 Tp2 high at 1.0470/75 Tp3 1.0505/10
Addition must had been: while as breakout trading sell at 1.0390/00 with TP1 1.0365/70 Tp2 1.0340/45 Tp3 1.0315/20
Take Note Traders that retracement level is as support in an uptrend and resistance in downtrend.
I would like to remind traders about retracement price levels that is plus spread. You might ask why itâs a 2 level lines, meaning for example at 1.0110/20 or 1.0110/15. Why isnât it 1.0110 or 1.0120.
In bt. sometimes as in Euro/Chf case 2 forex past days retracement at 1.2090(market exatly made a high at 1.2090(Oh No with some decimalsâŚlol as 1.20904 or 1.20906 bt. brokers high price marked).
I try to tight the number as 5 pips(119.30/35 instead of 119.30/40 for example) when I see the situation might be appropriate with no bonus possible action by a certain pair/s at a certain day.
The clear only reason is market price might move to a little more price level due to market conditions that change during the day, news release, brokers spread difference and simply the pair/s have some little additional possible oversold or overbought level to add to the movement(considered within daily changeable market conditions).
A more obvious reason is broker spread that surey differ bt. brokers, let talk about Nzd/Usd spread for some brokers might be 5 while 2 or 1.5 for other brokers, or EuroUsd spread at 1 or less as 0.5 for some brokers especially ECN/STP brokers while 2/3 for other brokers. Gbp/usd at 1/1.5 or 2.5/3, Euro/Chf 1.5/2 or 3 up to 5 - Gbpjpy and Euro/Jpy the same.
And we still didnât go to the exotics(not within my analysis), there spread might differ bt. 5 up to 10 or even more bt. brokers.
All the above reasons are within the 5-10 pips of retracement price levels(example 0.9570/75 or 0.9570/80). A trade condition becomes valid when You see the low price reached by the market if you are buying and high if selling marked by your broker at retracement level (mentioned for each pair) or simply when candle gets at or inside the retracement price levels(for example as seen below in the charts), so you analyze the situation if Good for breakout or swing trading to execute an order.
Iâll show you below examples of Entries of False Breakout, Valid Breakout and Valid Swing Trading for Aud/Usd, Euro/Usd & Gbp/Chf pairs, as always picture talk with ForexMoneyMaker.
Hopefully, My charts tips & explanations are being helpful for you all which is my main goal to help you better understand this Medium Term Strategy Basically & some Important Forex Trading strategies in General.
Have An Exciting Weekend
@ agent
Hi, what do you mean with ST signals - what does ST stand for?
Iâm particularly interested about how you trade choppy market conditions. Do you open positions in both directions and where do you place your SL? Originally, FMM said the initial SL for the medium term signals is 50 pips, but I thought about setting the SL at the buy/sell level of the opposite order. Iâm struggling with the signals because the distance between the retracement lines is very little, and often we see a rate crossing this level in both directions back and forth.
@ agent,
got it.
Hi, what do you mean with ST signals - what does ST stand for?
ST = Short Term (strategy). Sorry for the confusion.
I have never liked placing tight stops, and I set an âemergencyâ stop instead (about 100 pips) just in case I lose internet or a world event sends the currencies haywire. I have never let my emergency stop get hit, and rarely do I let my âmentalâ stop (about 50 pips for the medium term strategy) get hit, as I often see the writing on the wall and close early. To be honest if price is chopping about along the retracement zone, I more likely than not just look for a better pair to trade.
When I started trading FMMâs signals, I traded every pair. Retracement hit - bamm - I was in. This is a big mistake, and now I am choosy with my trades. I think this tendency to âhaveâ to trade is a beginnerâs trait. Guilty your honour. Been there, done that. No one forces you to take every trade, and I ignore a pair if I donât like the way price is behaving. If I see the words âtryingâ, âbasingâ or âsidewaysâ in any of FMMâs signals, then Iâm generally outta there!
Dave
@ agent,
thanks for your answer. I always feel a certain pressure when price hits the retracement level, preparing myself to take action as otherwise I might be missing out on a good chance. Good to know you learned to be selective when picking trades. Iâm still working on my discipline to get to that point.
Hello Traders,
Forex Signal & Analysis for 23rd Janaury 2012:
Short Term Signals:
Usd/Chf Buy at 0.9295/00 then 0.9275/80 then 0.9245/50, sell at 0.9385/90 then 0.9405/10 then 0.9440/45
Usd/Jpy Buy at 76.75/80 then 76.65/70 then 76.40/45, sell at 77.30/35 then 77.45/50 then 77.60/65
Euro/Usd Buy at 1.2860/65 then 1.2830/35 then 1.2780/85, sell at 1.2995/00 then 1.3030/35 then 1.3080/85
Gbp/Usd Buy at 1.5460/65 then 1.5405/10 then 1.5360/65, sell at 1.5630/35 then 1.5660/65 then 1.5745/50
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, retracement at 0.9380/90. As breakout trading buy at 0.9380/90 with Tp1 0.9405/10 Tp2 0.9440/45 Tp3 0.9490/00,
while as swing trading sell at 0.9380/90 with Tp1 0.9295/00 then 0.9275/80 then 0.9245/50
Usd/Jpy This pair is still moving sideways, sell order at 76.85/90 with Tp1 76.75/80 Tp2 76.65/70 Tp3 76.40/45, while buy order at 76.95/00 with Tp1 77.30/35 Tp2 77.45/50 Tp3 77.60/65
Euro/Usd This pair is still on uptrend, retracement at 1.2870/80, as breakout trading sell at 1.2870/80 with Tp1 1.2830/35 Tp2 1.2780/85 Tp3 1.2730/40,
while as swing trading buy at 1.2870/80 with Tp1 1.2995/00 Tp2 1.3030/35 Tp3 1.3080/85
Gbp/Usd This pair is still on uptrend, retracement at 1.5490/00. As swing trading buy at 1.5490/00 with Tp1 1.5630/35 Tp2 1.5660/65 Tp3 1.5745/50,
while as breakout trading sell at 1.5490/00 with Tp1 1.5460/65 Tp2 1.5405/10 Tp3 1.5360/65
Usd/Cad This pair is squeezed today bt. resistance & support for possible breakout at any side. Buy order at 1.0160/65 with Tp1 1.0185/90 Tp2 1.0210/15 Tp3 at High 1.0270/80,
while sell at 1.0130/35 with Tp1 1.0090/95 Tp2 1.0075/80 Tp3 1.0045/50
Nzd/Usd This pair is still on uptrend, retracement at 0.8030/40. As breakout trading sell at 0.8030/40 with Tp1 0.8000/05 Tp2 0.7970/75 Tp3 0.7945/50, while as swing trading buy at 0.8030/40 with Tp1 0.8090/95 Tp2 0.8105/10 Tp3 0.8150/55
Euro/Chf This pair is still on downtrend, retracement at 1.2080/85. As breakout trading buy at 1.2080/85 with Tp1 1.2090/95 Tp2 1.2100/05 Tp3 1.2110/15, while as swing trading sell at 1.2080/85 with Tp1 1.2065/70 Tp2 1.2055/60 Tp3 1.2050/55
Gbp/Chf This pair is trying to base on uptrend, above buy order 1.4540/50 targetting resistance at 1.4590/00 as first Tp, Tp2 at 1.4615/20 Tp3 1.4645/50 Tp3 1.4735/40, while sell at 1.4540/50 with Tp1 at low 1.4420/30 Tp3 1.4370/75 powering the trend and Tp3 1.4320/25
Euro/Gbp This pair is on downtrend basis, retracement at 0.8300/10. Buy as breakout at 0.8300/10 with Tp1 0.8370/75 Tp2 0.8400/05 Tp3 0.8430/35, while as swing sell at 0.8300/10 with Tp1 0.8260/65 Tp2 0.8245/50 Tp3 at low 0.8215/20 and possibly Tp4 powering the trend to 0.8195/00
Aud/Usd This pair is still on uptrend, retracement at 1.0430/40. As breakout sell at 1.0430/40 with Tp1 1.0390/95 Tp2 1.0345/50 Tp3 1.0310/15, while as swing trading buy at 1.0430/40 with Tp1 1.0530/35 Tp2 1.0555/60 Tp3 1.0620/25
Euro/Jpy This pair is still on uptrend, retracement at 99.05/15. As breakout sell at 99.05/15 with Tp1 98.80/85 Tp2 98.25/30 Tp3 97.65/75, while as swing buy at 99.05/15 with Tp1 100.30/35 Tp2 100.65/70 Tp3 101.00/05
Gbp/Jpy This pair ias still on uptrend, retraceemnt at 119.15/25. As breakout sell at 119.15/25 with Tp1 118.85/90 Tp2 118.55/60 Tp3 118.30/35, while as swing buy at 119.15/25 with Tp1 at 120.25/30 Tp2 120.45/50 Tp3 120.95/00
Gold is still on uptrend, retracement at 1660/61. As breakout sell at 1660/61 with Tp1 1646/47 Tp2 1637/38 Tp3 1629/30, while as swing buy at 1660/61 with Tp1 1676/77 Tp2 1681/82 Tp3 at High 1695/96
***Take Note Traders that I see a possible reversal from current trend or a continuation of a powerful current trend movement today but mostly it appears like a chnage of direction might occur for most pairs, so focus on this pointâŚ
Have A Great Trading Day
im still not sure how to trade these numbers. gotta practice a lot i suppose.
Hello Traders,
Forex Signals & Analysis for 24th January 2012:
Short Term Signals:
Usd/Chf Buy 0.9205/10 then 0.9175/80 then 0.9100/05, sell at 0.9375/80 then 0.9425/30 then 0.9475/80
Usd/Jpy Buy at 76.85/90 then 76.75/80 then 76.65/70, sell at 77.10/15 then 77.20/25 then 77.30/35
Euro/Usd Buy at 1.2870/75 then 1.2800/05 then 1.2730/35, sell at 1.3110/15 then 1.3155/60 then 1.3260/65
Gbp/Usd Buy at 1.5500/05 then 1.5475/80 then 1.5430/35, sell at 1.5620/25 then 1.5645/50 then 1.5690/95
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, retracement at 0.9320/25 and low at 0.9250/55, below would power the trend. As breakout buy at 0.9320/25 with Tp1 0.9375/80 Tp2 0.9425/30 Tp3 0.9475/80,
while as swing sell at 0.9320/25 with Tp1 0.9205/10 Tp2 0.9175/80 Tp3 0.9100/05
Usd/Jpy This pair is still moving sideways. Buy at 76.95/00 with Tp1 77.10/15 Tp2 77.20/25 Tp3 77.30/35 Tp4 77.55/60, while sell at 76.90 with Tp1 76.75/80 Tp2 76.65/70 Tp3 76.50/55 Tp4 low at 76.35/40
Euro/Usd this pair is still on uptrend, retracement at 1.2950/60 and high at 1.3100/10. As swing trading buy at 1.2950/60 with Tp1 1.3110/15 Tp2 1.3155/60 Tp3 1.3260/65,
while as breakout sell at 1.2950/60 with Tp1 1.2870/75 Tp2 1.2800/05 Tp3 1.2730/35
Gbp/Usd This pair is still on uptrend, retracement at 1.5520/30. As swing buy at 1.5520/30 with Tp1 1.5620/25 Tp2 1.5645/50 Tp3 1.5690/95,
while as breakout sell at 1.5520/30 with Tp1 1.5500/05 Tp2 1.5475/80 Tp3 1.5430/35
Usd/cad This pair is on downtrend after successful breakout to the downside yesterday. Retracement at 1.0100/10 & low at 1.0050/60 below is powering the trend. As swing sell at 1.0100/10 with Tp1 1.0015/20 Tp2 0.9985/90 Tp3 0.9925/30 while as breakout buy at 1.0100/10 with Tp1 1.0165/70 Tp2 1.0205/10 Tp3 1.0250/55
Nzd/Usd This pair is still on uptrend, retracement at 0.8060/70 and high at 0.8150/60. As breakout sell at 0.8060/70 with Tp1 0.8030/35 Tp2 0.7995/00 Tp3 0.7950/55, while as swing buy at 0.8060/70 with Tp1 0.8160/65 Tp2 0.9190/95 Tp3 0.8240/45
Euro/Chf This pair is still on downtrend, retracement at 1.2075/80 with low at 1.2035/40. As swing trading sell at 1.2075/80 with Tp1 1.2055/60 Tp2 1.2045/50 Tp3 at low 1.2035/40 (Buy), while as breakout buy at 1.2075/80 with Tp1 1.2085/90 Tp2 1.2095/00 Tp3 1.2105/10
Gbp/Chf This pair is on downtrend, retracement at 1.4470/80 and low at 1.4380/90. As breakout buy at 1.4470/80 with Tp1 1.4585/90 Tp2 1.4655/60, while as swing sell at 1.4470/80 with Tp1 1.4380/90 low Tp2 powering the trend to 1.4345/50 Tp3 1.4300/05
Euro/Gbp This pair is still moving sideways. Buy at 0.8340/45 with Tp1 at high 0.8405/10 Tp2 0.8430/35 Tp3 0.8490/95, while sell at 0.8310/20 with Tp1 0.8275/80 Tp2 0.8235/40 Tp3 low at 0.8215/20 Tp4 0.8195/00
Aud/Usd This pair is still on uptrend, retracement at 1.0480/90 and high at 1.0550/60. As breakout sell at 1.0480/90 with Tp1 1.0440/45 Tp2 1.0400/05 Tp3 1.0345/50, while as swing trading buy at 1.0480/90 with Tp1 at high 1.0550/60 Tp2 1.0595/00 Tp3 1.0630/35 Tp4 1.0690/95
Euro/Jpy This pair is still on uptrend, retracement at 99.70/80. As swing Buy at 99.70/80 with Tp1 100.95/00 Tp2 high at 101.20/30 Tp3 102.15/20, while as breakout sell at 99.70/80 with Tp1 99.05/10 tp2 98.55/60 Tp3 98.00/10
Gbp/Jpy This pair is still on uptrend, retracement at 119.50/60. As swing buy at 119.50/60 with Tp1 120.30/35 Tp2 120.55/60 Tp3 at high 120.80/90, while as breakout sell at 119.50/60 with Tp1 119.35/40 Tp2 119.10/15 Tp3 118.75/80
Oil is still on downtrend, retracement at 99.90/00. As breakout buy at 99.90/00 with Tp1 101.30/35 Tp2 101.95/00 Tp3 103.70/75, while as swing sell at 99.90/00 with Tp1 at low 98.00/05 Tp2 97.45/50 Tp3 96.30/35
Gold is still on uptrend, retracement at 1669/70. As breakout sell at 1669/70 with Tp1 1661/62 Tp2 1654/55 Tp3 1646/47 while as swing buy at 1669/70 with Tp1 1687/88 Tp2 1692/93 high Tp3 1700/01
We have Important News Releases today for the Sterling & Canadian Dollar Currencies:
UK Public Sector Net Borrowing: Buy Gbp/Usd if 14B or above while sell if 10B or below
CAD Core Retail Sales: Buy Usd/Cad if 0% or below while sell if 0.4% or above
Also, SNB Member Danthine would talk, other than some important warning or new info to say would not effect the Chf that is left to GodâŚlol Moving in tight daily range and pushing more to the downside as retracement lowering each day but in this momentumâŚlol SNB still have around 1 month maybe till next Monetary Policy Meeting for Euro/Chf to near 1.20
Besides, BOE Gov King would talk in late hours today which will effect the Sterling currency if anything important is announced.
Have A Great Trading Day
Greetings FMM. I just wanted to point out a typo. I know you like to be informed as soon as possible, so you can fix.
I believe the Nzd/Usd Swing TP2 should say â0.8190/95â
[B]Results 23.01.[/B]
[B]USD/CHF[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 0.9380/90. As breakout trading buy at 0.9380/90 with Tp1 0.9405/10 Tp2 0.9440/45 Tp3 0.9490/00, while as swing trading sell at 0.9380/90 with Tp1 0.9295/00 then 0.9275/80 then 0.9245/50.
[B]Trade:[/B] Short early in the Asian session with touching the lower retracement line (1 pips short) and then going down. TP3 @ 0.9245/50 almost reached, so I count a profit of [B]+120 pips[/B] for this pair.
[B]USD/JPY[/B]
[B]Signal:[/B] This pair is still moving sideways, sell order at 76.85/90 with Tp1 76.75/80 Tp2 76.65/70 Tp3 76.40/45, while buy order at 76.95/00 with Tp1 77.30/35 Tp2 77.45/50 Tp3 77.60/65.
[B]Trade:[/B] Long with breaking the upper retracement line two times but without reaching any TP level or making a bigger move. So I rather count this as a break even trade.
[B]EUR/USD[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 1.2870/80, as breakout trading sell at 1.2870/80 with Tp1 1.2830/35 Tp2 1.2780/85 Tp3 1.2730/40, while as swing trading buy at 1.2870/80 with Tp1 1.2995/00 Tp2 1.3030/35 Tp3 1.3080/85.
[B]Trade:[/B] Long early in the Asian session with touching the upper retracement line and then going up. Tp2 @ 1.3030/35 hit for a profit of [B]+150 pips[/B].
[B]GBP/USD[/B]
[B]Signal: [/B]This pair is still on uptrend, retracement at 1.5490/00. As swing trading buy at 1.5490/00 with Tp1 1.5630/35 Tp2 1.5660/65 Tp3 1.5745/50, while as breakout trading sell at 1.5490/00 with Tp1 1.5460/65 Tp2 1.5405/10 Tp3 1.5360/65.
[B]Trade:[/B] No trade
[B]USD/CAD[/B]
[B]Signal:[/B] This pair is squeezed today bt. resistance & support for possible breakout at any side. Buy order at 1.0160/65 with Tp1 1.0185/90 Tp2 1.0210/15 Tp3 at High 1.0270/80, while sell at 1.0130/35 with Tp1 1.0090/95 Tp2 1.0075/80 Tp3 1.0045/50
[B]Trade:[/B] Short with breaking the retracement level early in the European session. Almost hit TP3 @ 1.0045/50, so I count a profit of [B]+70 pips[/B].
[B]NZD/USD[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 0.8030/40. As breakout trading sell at 0.8030/40 with Tp1 0.8000/05 Tp2 0.7970/75 Tp3 0.7945/50, while as swing trading buy at 0.8030/40 with Tp1 0.8090/95 Tp2 0.8105/10 Tp3 0.8150/55.
[B]Trade:[/B] Long early in the Asian session with almost touching the upper retracement line and then going up. Tp2 @ 0.8105/10 hit for a profit of [B]+70 pips[/B].
[B]EUR/CHF[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.2080/85. As breakout trading buy at 1.2080/85 with Tp1 1.2090/95 Tp2 1.2100/05 Tp3 1.2110/15, while as swing trading sell at 1.2080/85 with Tp1 1.2065/70 Tp2 1.2055/60 Tp3 1.2050/55.
[B]Trade:[/B] Short with slightly crossing the lower retracement line and then going down. TP1 @ 1.2065/70 hit for a profit of [B]+10 pips[/B].
[B]GBP/CHF[/B]
[B]Signal:[/B] This pair is trying to base on uptrend, above buy order 1.4540/50 targetting resistance at 1.4590/00 as first Tp, Tp2 at 1.4615/20 Tp3 1.4645/50 Tp3 1.4735/40, while sell at 1.4540/50 with Tp1 at low 1.4420/30 Tp3 1.4370/75 powering the trend and Tp3 1.4320/25.
[B]Trade:[/B] Short with breaking the retracement level and going down. TP1 @ 1.4420 reached for a profit of [B]+120 pips. [/B]
[B]EUR/GBP[/B]
[B]Signal: [/B]This pair is on downtrend basis, retracement at 0.8300/10. Buy as breakout at 0.8300/10 with Tp1 0.8370/75 Tp2 0.8400/05 Tp3 0.8430/35, while as swing sell at 0.8300/10 with Tp1 0.8260/65 Tp2 0.8245/50 Tp3 at low 0.8215/20 and possibly Tp4 powering the trend to 0.8195/00.
[B]Trade:[/B] Long with breaking the retracement level. Tp1 @ 0.8370/75 reached for a profit of [B]+60 pips[/B].
[B]AUD/USD[/B]
[B]Signal: [/B]This pair is still on uptrend, retracement at 1.0430/40. As breakout sell at 1.0430/40 with Tp1 1.0390/95 Tp2 1.0345/50 Tp3 1.0310/15, while as swing trading buy at 1.0430/40 with Tp1 1.0530/35 Tp2 1.0555/60 Tp3 1.0620/25.
[B]Trade:[/B] No trade
[B]EUR/JPY[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 99.05/15. As breakout sell at 99.05/15 with Tp1 98.80/85 Tp2 98.25/30 Tp3 97.65/75, while as swing buy at 99.05/15 with Tp1 100.30/35 Tp2 100.65/70 Tp3 101.00/05.
[B]Trade:[/B] Long early in the Asian session with touching the upper retracement line and then going up. Tp1 @ 100.30/35 hit for a profit of [B]+120 pips.[/B]
[B]GBP/JPY[/B]
[B]Signal:[/B] This pair ias still on uptrend, retraceemnt at 119.15/25. As breakout sell at 119.15/25 with Tp1 118.85/90 Tp2 118.55/60 Tp3 118.30/35, while as swing buy at 119.15/25 with Tp1 at 120.25/30 Tp2 120.45/50 Tp3 120.95/00.
[B]Trade:[/B] No trade
Valid trades:
USD/CHF = +120 pips
USD/JPY = 0 pips
EUR/USD = +150 pips
USD/CAD = +70 pips
NZD/USD = +70 pips
EUR/CHF = +10 pips
GBP/CHF = +120 pips
EUR/GBP = +60 pips
EUR/JPY = +120 pips
Result for today: +720 pips
January: +6.400 pips
Hi all,
Iâve looked over the past results for this month and incorporated FMMs corrections where necessary. The overall result is a little bit better than indicated in my posts.
However, for all those interested, attached is an Excel spredsheet with all the daily results for each currency pair. I thought it would be helpful for traders to figure out at one look which pairs are âworthâ being traded as far as their overall performance is concerned.
Please note that the cells with a grey background color are the ones FMM had corrected.
Hello Traders,
Forex Signals & Analysis for 25th January 2012:
Short Term Signals:
Usd/Chf Buy at 0.9220/25 then 0.9195/00 then 0.9155/60, sell at 0.9325/30 then 0.9350/55 then 0.9385/90
Usd/Jpy Buy at 76.90/95 then 76.55/60 then 76.20/25, sell at 78.15/20 then 78.35/40 then 78.90/95
Euro/Usd Buy at 1.2945/50 then 1.2905/10 then 1.2860/65, sell at 1.3095/00 then 1.3125/30 then 1.3190/95
Gbp/Usd Buy at 1.5540/45 then 1.5500/05 then 1.5465/70, sell at 1.5665/70 then 1.5685/90 then 1.5745/50
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, retracement at 0.9300/10 and low at 0.9225/35. As swing trading sell at 0.9300/05 with Tp1 at low 0.9225/35 Tp2 powering the trend to 0.9195/00 Tp3 0.9155/60,
while as breakout trading buy at 0.9300/05 with Tp1 0.9325/30 Tp2 0.9350/55 Tp3 0.9385/90 Tp4 0.9415/20
Usd/Jpy This pair is on clear uptrend movement today after past sideways movements, high support at 77.55/60 break is to retracement at 77.35/40. As swing trading buy at 77.35/40 with Tp1 78.15/20 Tp2 78.35/40 Tp3 78.90/95,
while as breakout trading sell at 77.35/40 with Tp1 76.90/95 Tp2 76.55/60 Tp3 76.20/25
Euro/Usd This pair is still on uptrend, retracement at 1.2980/90. As swing trading buy st 1.2980/90 with Tp1 1.3095/00 Tp2 high at 1.3120/30 Tp3 powering the trend to 1.3190/95,
while as breakout trading sell at 1.2980/90 with Tp1 1.2945/50 Tp2 1.2905/10 Tp3 1.2860/65
Gbp/Usd This pair is still on uptrend, retracement at 1.5570/75. As swing buy at 1.5570/75 with Tp1 1.5665/70 Good Resistance Tp2 high at 1.5685/90 Tp3 powering the trend to 1.5745/50
while as breakout trading sell at 1.5570/75 with Tp1 1.5540/45 Tp2 1.5500/05 Tp3 1.5465/70
Usd/Cad This pair is still on downtrend, retracement at 1.0100/10. Aw swing sell at 1.0100/10 with Tp1 low at 1.0045/50 Tp2 powering the trend to 1.0030/35 Tp3 0.9985/90, while as breakout trading buy at 1.0100/10 with Tp1 1.0140/45 Tp2 1.0165/70 Tp3 1.0195/00
Nzd/Usd This pair is still on uptrend, retracement at 0.8080/90. As swing trading buy at 0.8080/90 with Tp1 0.8145/50 Tp2 0.8160/65 Tp3 0.8200/05, while as breakout sell at 0.8080/90 with Tp1 0.8055/60 Tp2 0.8030/35 Tp3 0.8010/15
Euro/Chf This pair is for first time from long time trying to clearly base on uptrend, above retracement 1.2080/85 targetting Tp1 1.2105/10 Tp2 1.2110/15 Tp3 1.2135/40 and possibly up to high at 1.2195/00, while as breakout sell at 1.2080/85 with Tp1 1.2055/60 Tp2 low at 1.2040/45 Tp3 1.2030/35
Gbp/Chf This pair is still on downtrend, retracement at 1.4510/20. As breakout trading buy at 1.4510/20 with Tp1 1.4560/65 Tp2 1.4590/95 Tp3 1.4675/80, while as swing sell at 1.4510/20 with Tp1 1.4375/80 Tp2 1.4325/30 Tp3 1.4275/80
Euro/Gbp This pair is still on uptrend, retracement at 0.8330/40. As swing buy at 0.8330/40 with Tp1 at high 0.8395/00 Tp2 powering the trend to 0.8425/30 Tp3 0.8460/65, while as breakout sell at 0.8330/40 with Tp1 0.8290/95 Tp2 0.8265/70 Tp3 at low 0.8220/30
Aud/Usd This pair is still on uptrend, retracement at 1.0470/80. As swing buy at 1.0470/80 with Tp1 high at 1.0560/65 Tp2 1.0590/95 Tp3 1.0650/55, while as breakout sell at 1.0470/80 with Tp1 1.0410/15 Tp2 1.0375/80 Tp3 1.0325/30
Euro/Jpy This pair is still on uptrend, retracement at 100.45/55. As swing trading buy at 100.45/55 with Tp1 high at 101.45/50 Tp2 powering the trend to 101.80/85 Tp2 102.10/15 Tp3 102.90/95, while as breakout sell at 100.45/55 with Tp1 100.10/15 Tp2 99.55/60 Tp3 99.10/15
Gbp/Jpy This pair is still on uptrend, hih support at 121.25/30 break is to Good Support at 120.90/95 then retracement at 120.45/55. As swing trading buy at 120.45/55 with Tp1 122.15/20 Tp2 122.55/60 Tp3 123.70/75, while as breakout sell at 120.45/55 with Tp1 119.75/80 Tp2 119.00/05 Tp3 118.40/45
Gold is still on uptrend, retracement at 1665/66. As swing buy at 1665/66 with Tp1 1679/80 Tp2 1686/87 Tp3 1694/95, while as breakout sell at 1665/66 with Tp1 1654/55 Tp2 1650/51 Tp3 1639/40 Tp4 1629/30
Oil is still on downtrend, retracement at 99.35/40. As swing sell at 99.35/40 with Tp1 97.80/85 Tp2 97.15/20 Tp3 96.15/20, while as breakout buy at 99.35/40 with Tp1 100.40/45 Tp2 101.10/15 Tp3 102.00/05
We have Very Crucial News Releases today for the Aussie, Sterling, Dollar, & Kiwi Currencies:
_ AUD CPI(around half an hour from now): Buy Aud/Usd if 0.4% or above while sell of 0% or below
UK MPC Meeting Minutes: Buy Gbp/Usd if 2 Members Vote for Hike or/& Statement is Hawkish while sell if 2 Members vote for QE or/& statement Dovish.
UK Prelim GDP(at same time as MPC): Buy Gbp/Usd if 0.1% or above while sell if -0.3% or much worse
US Pending Home Sales: Buy Usd/Chf & Usd/Jpy if -0.2% or better while Buy Euro/Usd if -0.9% or worse
US FOMC Statement & Bernanke Press Conference: Buy Usd/Chf & Usd/Jpy if statement appear hawkish and Bernanke keeps new QE far away while Buy Euro/Usd & Gbp/Usd if Statement is Dovish & Bernanke mention any possibility of New QE.
NZD RBNZD Statement & Rate Decision(45 minute after FOMC Statement): Buy Nzd/Usd if rate is raised to 2.75% from current 2.5% or/& Statement is Hawkish while sell if rate is cut to 2.25% or/& statement is Dovish.
We missed Ben Genuis press conferences with his Nice Beard, lets wait and see what new heâll provide us with, if that would help the dollar currency to keep powering or repower against all currencies or he will mess uo things as used to doâŚ
Briefly, As first day of week(Monday), I said the market looking for possible reversal or powerful continuation of current trend and the later is what had happen despite some retracement yesterday but nearly all kept same movement, following recent weakness in yen currency as if BOJ had found the power pill with slow push intervention with no clear signal of it backing this powerful upward movement for yen pairs.
Today, I see most pairs vs the dollar currency are very overbought and FOMC might be time to reverse and the dollar power again at least for some correction if not clear reversal movement.
Have A Great Trading Day
Thanks for the remark Odellcash. No need for fix because you just marked & corrected the mistake(clear).
After you talk there will not be any talk leftâŚlol
Your hard consistent work is well appreciated Hubinator.
By time, strategies would better be understood from your side but as overall Good analyze of results.
Looking to you Gaining Consistent Real Big Daily Money from my Daily Signals & Analysis.
Recently, I really not having enough time to correct some few results when they exist but would try to post some useful charts as Forex tips from time to time.
Yes, the Excel sheet is not workingâŚ
Maybe if you can make it as in a picture file by simply take a screenshotâŚit must work this way.
I was able to attach the Excel sheet as a zip file.
[B]Results 24.01.[/B]
[B]USD/CHF[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 0.9320/25 and low at 0.9250/55, below would power the trend. As breakout buy at 0.9320/25 with Tp1 0.9375/80 Tp2 0.9425/30 Tp3 0.9475/80, while as swing sell at 0.9320/25 with Tp1 0.9205/10 Tp2 0.9175/80 Tp3 0.9100/05.
[B]Trade:[/B] No trade
[B]USD/JPY[/B]
[B]Signal: [/B]This pair is still moving sideways. Buy at 76.95/00 with Tp1 77.10/15 Tp2 77.20/25 Tp3 77.30/35 Tp4 77.55/60, while sell at 76.90 with Tp1 76.75/80 Tp2 76.65/70 Tp3 76.50/55 Tp4 low at 76.35/40.
[B]Trade[/B]: Long with crossing the retracement lines and hitting TP3 @ 77.30/35 for a profit of [B]+30 pips[/B] (or +70 pips if taken the whole ride).
[B]EUR/USD[/B]
[B]Signal:[/B] this pair is still on uptrend, retracement at 1.2950/60 and high at 1.3100/10. As swing trading buy at 1.2950/60 with Tp1 1.3110/15 Tp2 1.3155/60 Tp3 1.3260/65,
while as breakout sell at 1.2950/60 with Tp1 1.2870/75 Tp2 1.2800/05 Tp3 1.2730/35.
[B]Trade: [/B] Long with slightly crossing the upper retracement line and then going up, but without hitting any of the TP levels. A good exit was around 1.3010/20, so I count a profit of [B]+50 pips[/B] for this pair.
[B]GBP/USD[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 1.5520/30. As swing buy at 1.5520/30 with Tp1 1.5620/25 Tp2 1.5645/50 Tp3 1.5690/95, while as breakout sell at 1.5520/30 with Tp1 1.5500/05 Tp2 1.5475/80 Tp3 1.5430/35.
[B]Trade:[/B] No trade
[B]USD/CAD[/B]
[B]Signal:[/B] This pair is on downtrend after successful breakout to the downside yesterday. Retracement at 1.0100/10 & low at 1.0050/60 below is powering the trend. As swing sell at 1.0100/10 with Tp1 1.0015/20 Tp2 0.9985/90 Tp3 0.9925/30 while as breakout buy at 1.0100/10 with Tp1 1.0165/70 Tp2 1.0205/10 Tp3 1.0250/55.
[B]Trade:[/B] Long with breaking the retracment lines. No TP level hit, high was around 1.0140 and then this pair went down to break the retracment level to trigger a valid short trade. For the long position I count a profit of +20 pips â this is when you should have realized that the direction is changing and hopefully got out of this trade. The short trade as well didnât hit any TP level and wasnât moving much so I rather count this one as a break even trade. Overall profit: [B]+20 pips[/B].
[B]NZD/USD[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 0.8060/70 and high at 0.8150/60. As breakout sell at 0.8060/70 with Tp1 0.8030/35 Tp2 0.7995/00 Tp3 0.7950/55, while as swing buy at 0.8060/70 with Tp1 0.8160/65 Tp2 0.9190/95 Tp3 0.8240/45.
[B]Trade: [/B]Long with bouncing off the lower retracement line and crossing the upper retracement line. No TP level hit, this pair ran out of steam @ 0.8100/10, so having closed the trade at this level would have brought a profit of [B]+30 pips[/B].
[B]EUR/CHF[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.2075/80 with low at 1.2035/40. As swing trading sell at 1.2075/80 with Tp1 1.2055/60 Tp2 1.2045/50 Tp3 at low 1.2035/40 (Buy), while as breakout buy at 1.2075/80 with Tp1 1.2085/90 Tp2 1.2095/00 Tp3 1.2105/10.
[B]Trade:[/B] Short early in the Asian session with slightly crossing the lower retracement line and then going down. Tp1 @ 1.2055/60 hit for a profit of +10 pips. Later this pair reversed its direction and broke the retracement line during an upward move, hitting TP1 @ 1.2085/90 for a profit of +10 pips as well. Overall: [B]+20 pips[/B] for this pair.
[B]GBP/CHF[/B]
[B]Signal:[/B] This pair is on downtrend, retracement at 1.4470/80 and low at 1.4380/90. As breakout buy at 1.4470/80 with Tp1 1.4585/90 Tp2 1.4655/60, while as swing sell at 1.4470/80 with Tp1 1.4380/90 low Tp2 powering the trend to 1.4345/50 Tp3 1.4300/05.
[B]Trade:[/B] Long with breaking the retracement level, but not reaching any TP level. High was @ 1.4509 and then the pair went down to slightly cross the upper retracement line. So I think a profit of [B]+10 pips[/B] was possible.
[B]EUR/GBP[/B]
[B]Signal:[/B] This pair is still moving sideways. Buy at 0.8340/45 with Tp1 at high 0.8405/10 Tp2 0.8430/35 Tp3 0.8490/95, while sell at 0.8310/20 with Tp1 0.8275/80 Tp2 0.8235/40 Tp3 low at 0.8215/20 Tp4 0.8195/00.
[B]Trade:[/B] No trade
[B]AUD/USD[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 1.0480/90 and high at 1.0550/60. As breakout sell at 1.0480/90 with Tp1 1.0440/45 Tp2 1.0400/05 Tp3 1.0345/50, while as swing trading buy at 1.0480/90 with Tp1 at high 1.0550/60 Tp2 1.0595/00 Tp3 1.0630/35 Tp4 1.0690/95.
[B]Trade:[/B] Short with breaking the retracement level and going down. Tp1 @ 1.0440/45 hit for a profit of [B]+40 pips[/B].
[B]EUR/JPY[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 99.70/80. As swing Buy at 99.70/80 with Tp1 100.95/00 Tp2 high at 101.20/30 Tp3 102.15/20, while as breakout sell at 99.70/80 with Tp1 99.05/10 tp2 98.55/60 Tp3 98.00/10.
[B]Trade:[/B] No trade
[B]GBP/JPY[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 119.50/60. As swing buy at 119.50/60 with Tp1 120.30/35 Tp2 120.55/60 Tp3 at high 120.80/90, while as breakout sell at 119.50/60 with Tp1 119.35/40 Tp2 119.10/15 Tp3 118.75/80.
[B]Trade:[/B] Long with almost touching the upper retracement line (1-2 pips shy) and then going up. TP3 @ 120.90 reached for a profit of [B]+130 pips[/B] (or some 20-30 pips more).
USD/JPY = +30 pips
EUR/USD = +50 pips
USD/CAD = +20 pips
NZD/USD = +30 pips
EUR/CHF = +20 pips
GBP/CHF = +10 pips
AUD/USD = +40 pips
GBP/JPY = +130 pips
Result for today: +330 pips
January: +6.730 pips
Why is the swing TP2 for NZD/USD different? I donât get it.
By the way, does anybody here have a tool that would allow to enter sl and tp level automatically, e.g. inserting the data in a single mask, clicking the go button and then the lines would be drawn on the chart?
