OH boy, another crazy trading day. What’s happening with USD/CAD?
I agree. Was a bit choppy
Hello Traders,
Forex Signals & Analysis for 26th January 2012:
Short Term Signals:
Usd/Chf Buy at 0.9145/50 then 0.9115/20 then 0.9025/30, sell at 0.9330/35 then 0.9385/90 then 0.9435/40
Usd/Jpy Buy at 77.30/35 then 77.10/15 then 76.70/75, sell at 78.30/35 then 78.55/60 then 78.90/95
Euro/Usd Buy at 1.2940/45 then 1.2860/65 then 1.2790/95, sell at 1.3195/00 then 1.3240/45 then 1.3360/65
Gbp/Usd Buy at 1.5530/35 then 1.5475/80 then 1.5420/25, sell at 1.5730/35 then 1.5765/70 then 1.5855/60
Medium Term Daily Analysis:
Usd/Chf This pair is still on downtrend, retracement at 0.9260/70 and low at 0.9190/00. As swing trading sell at 0.9260/70 with Tp1 low at 0.9190/00 Tp2 powering the trend to 0.9145/50 Tp3 0.9115/20 Tp4 0.9025/30,
while as breakout buy at 0.9260/70 with Tp1 0.9330/35 Tp2 0.9385/90 Tp3 0.9435/40
Usd/Jpy This pair is still on uptrend, High support at 77.65/70 break is to retracement at 77.55/60. As swing trading buy at 77.55/60 with Tp1 78.30/35 Tp2 78.55/60 Tp3 78.90/95,
while as breakout sell at 77.55/60 with Tp1 77.30/35 Tp2 77.10/15 Tp3 76.70/75
Euro/Usd This pair is still on uptrend, retracement at 1.3030/40 & high at 1.3155/60. As swing buy at 1.3030/40 with Tp1 1.3155/60 high Tp2 powering the trend 1.3195/00 Tp3 1.3240/45 Tp4 1.3360/65,
while as breakout sell at 1.3030/40 with Tp1 1.2940/45 Tp2 1.2860/65 Tp3 1.2790/95
Gbp/Usd This pair is still on uptrend, retracement at 1.5600/10. As swing buy at 1.5600/10 with Tp1 1.5730/35 high Tp2 1.5765/70 Tp3 1.5855/60,
while as breakout sell 1.5600/10 with Tp1 1.5530/35 Tp2 1.5475/80 Tp3 1.5420/25
Usd/Cad This pair is still on downtrend, retracement at 1.0075/80 and low at 1.0020/30. As swing sell at 1.0075/80 with Tp1 low at 1.0020/30 Tp2 0.9975/80 Tp3 0.9950/55, while as breakout buy at 1.0075/80 Tp1 1.0140/45 Tp2 1.0190/95 Tp3 1.0235/40
Nzd/Usd This pair is still on uptrend, retracement at 0.8120/30 & High 0.8200/05, Buy as swing with Tp1 high at 0.8200/05 Tp2 0.8245/50 Tp3 0.8280/85 Tp4 0.8375/80, while sell as breakout at 0.8120/30 with Tp1 0.8040/45 Tp2 0.7980/85 Tp3 0.7920/25
Euro/Chf This pair is back to same downtrend base after few moments of excitement trying to base on uptrend yesterday(reached 1.2105/10 as was indicated Tp1) with overall sideways movement. Today Buy at 1.2080/85 with Tp1 1.2105/10 Tp2 1.2120/25 Tp3 1.2135/40, while sell at 1.2080/85 with Tp1 1.2050/55 Tp2 at low 1.2040/45 Tp3 1.2020/25
Gbp/Chf This pair is still on downtrend, retracement at 1.4450/60. As breakout buy at 1.4450/60 with Tp1 1.4535/40 Tp2 1.4585/90 Tp3 1.4630/35, while as swing sell at 1.4450/60 with Tp1 at low 1.4355/65 Tp2 1.4325/30
Euro/Gbp This pair is still on uptrend, retracement at 0.8350/55 and high at 0.8395/00. As swing trading buy at 0.8350/55 with Tp1 high at 0.8395/00 Tp2 powering the trend to 0.8410/15 Tp3 0.8430/35 Tp4 0.8475/80, while as breakout sell at 0.8350/55 with Tp1 0.8305/10 Tp2 0.8275/80 Tp3 0.8245/50
Aud/Usd This pair is still on uptrend, retracement at 1.0530/40 and high at 1.0600/05. As Swing buy at 1.0530/40 with Tp1 high at 1.0600/05 Tp2 powering the trend to 1.0685/90 Tp3 1.0725/30, while as breakout sell at 1.0530/40 with Tp1 1.0445/50 Tp2 1.035/80
Euro/Jpy This pair is still on uptrend, retracement at 101.10/20 and high at 101.95/00. As swing buy at 101.10/20 with Tp1 high at 101.95/00 Tp2 powering the trend to 102.35/40 Tp3 102.60/65 Tp3 103.25/30, while as breakout sell at 101.10/20 with Tp1 100.60/65 Tp2 100.25/30
Gbp/Jpy This pair is still on uptrend, retracement at 121.05/15 and high at 121.80/85. As swing buy at 121.05/15 with Tp1 high at 121.80/85 Tp2 powering the trend to 122.25/30 Tp3 122.45/50 Tp4 122.95/00, while as breakout sell at 121.05/15 with Tp1 120.80/85 Tp2 120.45/50
Gold is still on uptrend, retracement at 1692/93 & high at 1718/19. As swing trading buy at 1692/93 with Tp1 high at 1718/19 Tp2 powering the trend to 1740/41 Tp3 1754/55 Tp4 1794/95 while as breakout sell at 1692/93 with Tp1 1653/54 Tp2 1626/27 Tp3 1604/05
Oil turned mixed today. Buy at 100.0/05 with Tp1 100.50/55 Tp2 101.35/40 Tp3 102.10/15 Tp3 103.15/20 High while sell at 99.50/55 with Tp1 low at 97.85/90 Tp2 97.45/50 Tp3 96.30/35 Tp4 95.15/20
We have Important News Releases today for the Dollar Currency:
- US Core Durable Goods Orders & Unemployment Claims(Both same release time): Buy Usd/Chf & Usd/Jpy if 1.1% or better for the first or/& 350K or below for the second, while Buy Euro/Usd & Gbp/Usd if 0.7% or below for the first or/& 390K or above for the second.
_ US New Home Sales: Buy Usd/Chf & Usd/Jpy if 340K or above while Buy Euro/Usd & Gbp/Usd if 300K or below
Mr. Ben Genius & his Fed Buddies came out to us with a new Genius policy by keeping rates low 0.25% & below till 2014(was still 2013) which moved the market dramatically against the dollar.
But if We want to go more deeper about the decision despite saying about it foolish at least for this period of time the US Economy is showing constent Improvement as Economic numbers had been showing us in past months and unemployment rate at 8.5%(was 9.1-9.2% few months before) dramatically went down showing positive strength in US Economy,
but lets talk logically and down to earth, it’s not a big deal if rates were low till 2013 or 2014(1 year difference).
Lets say the Fed decides to raise rate(with previous policy low rates till 2013) at 2014, so what ?! till where?! it is now below 0.25%, what would it become 0.50%, so I will rush buying dollar for an interest rate at 0.50% while most other Central banks have it much higher.
In bt., I liked the CNBC Representative Question & opinion who was first to ask Bernanke at the Press Conference, telling & asking him in the meaning don’t you think recent Economical Numbers that show Consistent Improvements in the US Economy Recovery Process must lead Fed decision to rate hike in the near future, as if trying to tell Bernanke "look you Bard wake up stop you & your buddies studness, why should you extend period of rates low till 2014(from 2013) if Economy is in recovery status, If he have some more authority to speak more clearly… he could had told him more straight forward as feeding him with the spoon his opinion for Bernanke to understand once and for all.
But what Bernanke replies to the CNBC Journalist in the meaning Yes Economy looks improving in Good Progress but !!! here the stuty again… We(Fed) would take further measures(New QE) if economy do not keep improving or inflation & unemployment numbers weaken… repeating it many times too during the press conference.
Surely, The CNBC Journalist must had surrendered tired of Bernanke Studness never understanding to shut up sometimes better than his useless talks… I’ll tell him do not waste your time with Bernanke & his Fed Buddies thoughts, nothing from their actions in logic. Bernanke might not stay after this year Presidency as Fed Chairman to apply his policy.
Other Journalists had no real important questions to ask but the boring questions trying to take some hints from Bernanke for a possible new QE in near future.
Ofcourse market moves sometimes do not make sense as for the bonus technically speaking. eurousd is too overbought while usdchf too oversold as if we are in an Intervention status currently breaking all upward limits but we must always try to adapt to those kind of sudden changes that appear from time to time as many years of trading in the forex market learn us to do. We might still end this week as the last one and maybe Next Monday candle as the previous Monday with a drop gap in Euro/Usd and Gap up for Usd/chf as market preparing us for more sudden movements.
Yesterday FOMC Statement read as if a disaster, today and tomorrow market might again go back lightening at EuroZone problems or some credit agencies rankings as a reason for another sudden movement.
The dollar gained strength and Great power against all currencies after few days of Fed applying its previous low rates till 2013 policy so what changed now, why must dollar weaken now(at least for yesterday late hours movement),
EuroZone & UK Economies are as worse as US if not more, more cut of rates signaled by ECB President Mario Draghi & UK BOE King talking clearly about QE Measures, also said EuroZone have combined many countries debt problems to solve, today Greece tomorrow Portugal then !!! rope still running dragging…
Have A Great Trading Day
Hello Hubinator,
You just missed TP4 for Usd/Jpy as you can see it was “Tp4 77.55/60”, maybe you still not used of Tp4 but Tp3…lol
In this very volatile market, I sometimes see it appropriate to introduce 1 more Tp or maybe 1 less some other times.
Hello Hubinator,
You just missed TP4 for Usd/Jpy as you can see it was “Tp4 77.55/60”, maybe you still not used of Tp4 but Tp3…lol
In this very volatile market, I sometimes see it appropriate to introduce 1 more Tp or maybe 1 less some other times.
About the Nzd/Usd swing Tp2, “odell…” remark was that it was a typing mistake as you can see “Tp2 0.9190/95” it must had been 0.8190/95.
Good Luck
Yes, I see. That’s why I mentioned +70 pips if taken the whole ride. USD/JPY went down a bit after reaching TP1 and I wasn’t sure about keeping this trade open. As you said, very volatile market condition these days; got stopped out two days ago after I was already 30 pips in profit to end at break even. So I’m a little bit more cautious and rather try to make sure I at least cash in at tp 1 instead of giving back all the profits.
[B]Results 25.01.[/B]
[B]USD/CHF[/B]
[B]Signal:[/B] 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.
[B]Trade:[/B] There were two trades:
- Long with breaking the retracement level hitting Tp1 @ 0.9325/30 for a profit of +25 pips.
- Later we saw a strong move down, breaking the retracment level and hitting Tp1 @ 0.9225/35 for a profit of +75 pips.
Overall: [B]+100 pips[/B].
[B]USD/JPY[/B]
[B]Signal:[/B] 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.
[B]Trade:[/B] No trade
[B]EUR/USD[/B]
[B]Signal:[/B] 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.
Trade: Two trades for this pair:
- Short with breaking the retracement level and hitting TP1 @ 1.2945/50 for a profit of +30 pips.
- Later this pair crossed the retracement lines upwards and hit TP1 @ 1.3095/00 for a profit of +110 pips.
Overall gain for this pair: [B]+140 pips[/B].
[B]GBP/USD[/B]
[B]Signal:[/B] 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.
[B]Trade:[/B] Two trades:
- Short with breaking the retracement level and hitting Tp1 @ 1.5540/45 for a profit of +30 pips.
- Later on we saw a long breakout that hit Tp1 @ 1.5665/70 for a profit of +100 pips.
Overall: [B]+130 pips[/B].
[B]USD/CAD[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.0100/10. As 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.
[B]Trade:[/B] Two trades:
- Long with breaking up the retracement level and hitting Tp1 @ 1.0140/45 in a spike for a profit of +30 pips.
- Later this pair broke the retracement level to the downside and hit TP1 @ 1.0045/50 for a profit of +40 pips.
Overall: [B]+70 pips[/B].
[B]NZD/USD[/B]
[B]Signal:[/B] 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.
[B]Trade: [/B]
- Long with slightly touching or crossing the upper retracement line downwards but always bouncing off. No big movement at all, so I rather count this trade as a break even one.
- Later this pair clearly broke the retracement level downwards to hit Tp1 @ 0.8055/60 for a profit of +20 pips.
- Finally we saw a strong upward movement that broke the retracement level and reached Tp2 @ 0.8160/65 for a profit of +70 pips.
Overall: [B]+90 pips[/B].
[B]EUR/CHF[/B]
[B]Signal:[/B] 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.
[B]Trade:[/B] Short with breaking the retracement level, but without hitting a TP level. Daily low was @ 1.2067, so I think a profit of [B]+10 pips[/B] was possible.
[B]GBP/CHF[/B]
[B]Signal:[/B] 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
[B]Trade: [/B]
- Short with touching the lower retracement line and going down. No TP level reached, this pair marked a low @ 1.4426 before starting a strong upward move. For this move I count a profit of +50 pips.
- With the upward move the retracement line was broken but the rate immediately crossed the retracement line downwards and would then again cross it upwards before finally starting a clear downward move. So for any long trade taken one would have got out of the trade with the second crossing of the retracement line, so I rather count this one as a break even trade.
- The downside crossing proved to be a strong downward movement that again did not hit any TP level but went beyond the former daily low to reach a new low @ 1.4408, so closing this trade at the former low would have got a profit of +80 pips.
Overall: [B]+130 pips[/B].
[B]EUR/GBP[/B]
[B]Signal:[/B] 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.
[B]Trade:[/B]
- Long with breaking the retracement level. No TP hit, this pair would rewind after reaching the daily high @ 0.8383, so I count a probable profit of +30 pips.
- Later this pair broke the retracement level downwards but again without reaching a tp level. Low was around 0.8308, so I think +10 pips were possible with this move.
- Finally this pair again moved up, but without hitting a tp level. High was at 0.8375, so I think a profit of +20 pips could have been made on this trade.
Overall: [B]+60 pips[/B].
[B]AUD/USD[/B]
[B]Signal:[/B] 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.
[B]Trade:[/B] There were four possible trades:
- Short with breaking the retracement level, but without hitting a tp. Low @ 1.0445, this pair would start a strong upward movement, so I rather consider this trade as a break even.
- Long with breaking the retracement lines, but not hitting a targeted tp level. High for this move was @ 1.0540, then a downward movement started, so I think a profit of +50 pips was possible.
- Again short with breaking the retracement line but almost exactly reaching the previous low @ 1.0445, so again rather a break even trade.
- Long with breaking the upper retracement line and starting a very stong upward move that hit Tp2 @1.0590/95 for a profit of +110 pips.
Overall: [B]+160 pips[/B]
[B]EUR/JPY[/B]
[B]Signal:[/B] 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.
[B]Trade[/B]: No trade
[B]GBP/JPY[/B]
[B]Signal:[/B] 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.
[B]Trade:[/B] No trade
Valid trades:
USD/CHF = +100 pips
EUR/USD = +140 pips
GBP/USD = +130 pips
USD/CAD = +70 pips
NZD/USD = +90 pips
EUR/CHF = +10 pips
GBP/CHF = +130 pips
EUR/GBP = +60 pips
AUD/USD = +160 pips
Result for today: +890 pips
January: +7.620 pips
hee, räum mal dein Postfach auf. Ich kann dich gar nicht mehr erreichen. Schick mir noch mal deine daten; habe die mal vermasselt.
Hi Guys
Thanks for doing this, much appreciated!
… btw why are you doing this… :33:
Easy to follow and made a ton of pips over the last few weeks, keep up the good work…
=)
/ Tomas
Hello Traders,
Forex Signals & Analysis for 27th January 2012:
Short Term Signals:
Usd/Chf Buy at 0.9145/50 then 0.9120/25 then 0.9090/95, sell at 0.9245/50 then 0.9265/70 then 0.9305/10
Usd/Jpy Buy at 77.10/15 then 76.95/00 then 76.65/70, sell at 77.80/85 then 78.00/05 then 78.25/30
Euro/Usd Buy at 1.3055/60 then 1.3030/35 then 1.2975/80, sell at 1.3180/85 then 1.3220/25 then 1.3255/60
Gbp/Usd Buy at 1.5630/35 then 1.5605/10 then 1.5560/65, sell at 1.5745/50 then 1.5775/80 then 1.5815/20
Medium Term Daily Analysis:
Usd/Chf This pair is still on donwtrend, retracement at 0.9235/45 & low at 0.9160/65. As Swing trading sell at 0.9235/45 with Tp1 low at 0.9160/65 Tp2 0.9145/50 Tp3 0.9120/25Tp4 0.9090/95,
while as breakout buy at 0.9235/45 with Tp1 0.9265/70 Tp2 0.9305/10 Tp3 0.9325/30 Tp4 0.9395/00
Usd/Jpy This pair is still on uptrend, retracement at 77.15/20. As swing buy at 77.10/20 with Tp1 77.80/85 Tp2 78.00/05 Tp3 78.25/30, while as breakout sell at 77.10/20 with Tp1 76.95/00 Tp2 76.65/70 Tp3 at low 76.40/50
Euro/Usd This pair is still on uptrend, retracement at 1.3070/80 & high at 1.3180/90. As swing trading buy at 1.3070/80 with Tp1 1.3180/85 Tp2 1.3220/25 Tp3 1.3255/60, while as breakout sell at 1.3070/80 with Tp1 1.3055/60 Tp2 1.3030/35 Tp3 1.2975/80 Tp4 1.2945/55 Tp5 1.2880/90
Gbp/Usd This pair is still on uptrend, retracement at 1.5640/50 and high at 1.5745/55. As swing buy at 1.5640/50 with Tp1 1.5745/50 Tp2 1.5775/80 Tp3 1.5815/20, while as breakout sell at 1.5640/50 with Tp1 1.5605/10 Tp2 1.5560/65 Tp3 1.5530/40 Tp4 1.5495/05
Usd/Cad This pair is still on downtrend, retracement at 1.0045/55 & low at 0.9995/00. As Swing sell at 1.0045/55 with Tp1 low at 0.9995/00 Tp2 0.9970/75 Tp3 0.9945/50 Tp4 0.9915/20, while as breakout buy at 1.0045/55 with Tp1 1.0080/85 Tp2 1.0115/20 Tp3 1.0135/45
Nzd/Usd This pair is still on uptrend, retracement at 0.8160/70 & high at 0.8240/50. As Swing Buy at 0.8160/70 with Tp1 High at 0.8240/50 Tp2 0.8280/85 Tp3 0.8325/30, while as breakout sell at 0.8160/70 with Tp1 0.8120/25 Tp2 0.8085/90
Euro/Chf This pair is again on downtrend basis with overall sideways movement, retracement at 1.2070/75 and low at 1.2030/35. As breakout buy at 1.2070/75 with Tp1 1.2090/95 Tp2 1.2105/10 Tp3 1.2120/25, while as swing sell at 1.2070/75 with Tp1 1.2045/50 Tp2 low at 1.2035/40(Buy) Tp3 1.2015/20(Buy)
Gbp/Chf This pair is still on downtrend, retracement at 1.4450/60 and low at 1.4355/65. As breakout buy at 1.4450/60 with Tp1 1.4485/90 Tp2 1.4510/15 Tp3 1.4560/65, while as swing sell at 1.4450/60 with Tp1 low at 1.4355/65 Tp2 1.4335/40 Tp3 1.4300/05
Euro/Gbp This pair is still on uptrend, retracement at 0.8350/55 & high at 0.8395/00. As breakout sell at 0.8350/55 with Tp1 0.8325/30 Tp2 0.8315/20 Tp3 0.8285/90, while as swing buy at 0.8350/55 with Tp1 at high 0.8395/00 Tp2 0.8415/20 Tp3 0.8435/40
Aud/Usd This pair is still on uptrend, retracement at 1.0580/85 and high at 1.0635/45. As breakout sell at 1.0580/85 with Tp1 1.0565/70 Tp2 1.0535/40 Tp3 1.0480/85, while as swing buy at 1.0580/85 with Tp1 high at 1.0635/45 Tp2 1.0700/05 Tp3 1.0735/40 Tp4 1.0780/85
Euro/Jpy This pair is still on uptrend, retracement at 101.15/25 & high at 102.05/15. As swing buy at 101.15/25 with Tp1 high at 102.05/15 Tp2 102.50/55 Tp3 102.80/85 while as breakout sell at 101.15/25 with Tp1 101.85/90 Tp2 100.40/45 Tp3 99.95/05
Gbp/Jpy This pair is still on uptrend, retracement at 121.10/20 and high at 121.95/00. As swing trading buy at 121.10/20 with Tp1 high at 121.95/00 Tp2 122.10/15 Tp3 122.35/40 while as breakout sell at 121.10/20 with Tp1 120.95/00 Tp2 120.65/70 Tp3 120.00/10
Gold is still on uptrend, retracement at 1707/08 and high at 1725/26. As swing trading buy at 1707/08 with Tp1 high at 1725/26 Tp2 1737/38 Tp3 1745/46 and possibly Tp4 1760/61, while as breakout sell at 1707/08 with Tp1 1699/00 Tp2 1690/91 Tp3 1677/78
Oil is neutral today moviing in a tight range bt. resistance and support asking for breakout. Buy at 99.95/00 with Tp1 100.50/55 Tp2 101.50/55 Tp3 102.30/35 Tp4 103.20/25, while sell at 99.70/75 with Tp1 98.55/60 Tp2 low at 97.95/00 Tp3 86.70/75
We have 2 Important News Releases today for the Swiss Franc & Dollar Currencies:
-
CHF KOF Economic Barometer: Buy Usd/Chf EuroChf & Gbp/Chf if -0.08 or worse while sell if 0.0 and better
-
US Advance GDP: Buy Usd/Chf & Usd/Jpy if 3.2% or above while Buy Euro/Usd & Gbp/Usd if 2.8% or below
*** Important News Releases today that might be compatible with some sudden movements if something is well cooked…
Have A Great Trading Day & Enjoy A Fantastic Weekend
Yes, Sometimes A Bird in hand is Better than 10 on the Tree…
Hi Tomas, Hi Guys & Ladies(they also deserve a welcome gesture…lol)
In bt., I would like to read a comment some day from a Lady(Hotty or Ugly no problem…lol)
Thanks for the Nice Comment.
Well, I sometimes as my self your same question. Had I open a Charity Foundation here…lol
In Real Life for sure but here too?!!! UMMMM
It seem that some as you will like it to become a monthly fee subscription, do not like free stuff…lol but like to pay as some Genius people say Good Product must be paid for to have, and my info surely deserve that but at least not for now, as all traders well know that for the very useful info provided that Gain Traders Daily Big Money…Monthly Thousands of pips With No arrogance not found anywhere else…
Enjoy it as much as it lasts…
I am here to help all traders starting with newbies and who can’t afford paying money to get Good Forex Daily Signals & Analysis leading to Daily Big Money Gain…
Dear Traders,
I like to share some of my Wisdom with you all…lol
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Start with trading a demo account, try many brokers to test & choose the best from according to many aspects or factors as Regulated Reputable Good Low Spreads Fast Execution Easy Deposit & Withdrawal Good Communication(In or near your country of residence)…
Trade A Broker Demo account using one Good Forex Strategy & Personal Plan with Clear Entries, TP & SL Rules as My Daily Signals & Analysis Strategies if you like…
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Learn to Delete not always Add to your existing strategy. Delete the unnecessary and only add the Real Useful…
Then When you Feel yourself Ready to Go Live. Open A Live Account with your Chosen broker with only Money That You Can Afford To Loose. Money that will not effect your Life Style & Living in any Single Factor…
Many Good Brokers provide Traders with the opportunity of opening a Mini or even Micro account if your personal budget(you can afford to loose the money) is small, Invest the money here instead of on mostly useless systems robots software…
You can still Trade Forex(even with a small account size) if you like the Forex Idea and Trading the markets non less the money that can be gained…
Some Few Traders around the World including me like Forex Trading more than just Gaining Money from the markets as a Life Living for others but for the Interest & Excitement doing something you like as your Hobby for example if it’s Football Cycling BasketBall KungFu Tennis Ping Pong Arts…or Forex Commodity Futures Stocks Options…Markets Trading
Start with Good Money Management(Also must be learnt in first stages…). Start with Low Lot Size then Increase according to your results without being Greedy keeping MM under your Control.
keep Daily Improving increasing your Forex Knowledge and mostly reading & Learning from your daily live trading mistakes even if little bit. Reviewing your results periodically checking what & where went wrong Why…
Very Very Very Crucial Crucial Crucial to Learn to spend sometime only simply easily looking at price action(especially at your first learning stages). Yes, Even as an Experienced Trader Dedicate Daily sometime to just Sit & Look how market price is moving on your charts. Learn to Read Market Movement… Some people would find you crazy or mad or mental retard person if they see you(if you were in public area) just sitting looking at your laptop screen market price action moving on the charts
But you must not care what other say, just think about yourself and what entertain you and Gain you Money.
People talks do not make a difference neither advance nor backward you…
By Looking at your charts, Learn from candles open -close -Highs -Lows -Higher Highs -Lower Lows -Higher Lows- Lower Highs - Price Action-Long Story…
Enough for now…LOL
Try to Learn Something from the Said Above…
Enjoy your Trading Day & An Interesting Weekend Traders…
Thanks for the profitable signals! Could you elaborate on how to trade the breakouts? I’m an amateur having difficulty differentiating a retracement from a break out. Thanks!
[B]Results 26.01.[/B]
[B]USD/CHF[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 0.9260/70 and low at 0.9190/00. As swing trading sell at 0.9260/70 with Tp1 low at 0.9190/00 Tp2 powering the trend to 0.9145/50 Tp3 0.9115/20 Tp4 0.9025/30, while as breakout buy at 0.9260/70 with Tp1 0.9330/35 Tp2 0.9385/90 Tp3 0.9435/40
[B]Trade:[/B] No trade
[B]USD/JPY[/B]
[B]Signal:[/B] This pair is still on uptrend, High support at 77.65/70 break is to retracement at 77.55/60. As swing trading buy at 77.55/60 with Tp1 78.30/35 Tp2 78.55/60 Tp3 78.90/95, while as breakout sell at 77.55/60 with Tp1 77.30/35 Tp2 77.10/15 Tp3 76.70/75.
[B]Trade:[/B] Short with breaking the retracement line and hitting Tp1 @ 77.30/35 for a profit of [B]+20 pips[/B].
[B]EUR/USD[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 1.3030/40 & high at 1.3155/60. As swing buy at 1.3030/40 with Tp1 1.3155/60 high Tp2 powering the trend 1.3195/00 Tp3 1.3240/45 Tp4 1.3360/65, while as breakout sell at 1.3030/40 with Tp1 1.2940/45 Tp2 1.2860/65 Tp3 1.2790/95.
[B]Trade:[/B] No trade
[B]GBP/USD[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 1.5600/10. As swing buy at 1.5600/10 with Tp1 1.5730/35 high Tp2 1.5765/70 Tp3 1.5855/60, while as breakout sell 1.5600/10 with Tp1 1.5530/35 Tp2 1.5475/80 Tp3 1.5420/25.
[B]Trade:[/B] No trade
[B]USD/CAD[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.0075/80 and low at 1.0020/30. As swing sell at 1.0075/80 with Tp1 low at 1.0020/30 Tp2 0.9975/80 Tp3 0.9950/55, while as breakout buy at 1.0075/80 Tp1 1.0140/45 Tp2 1.0190/95 Tp3 1.0235/40.
[B]Trade:[/B] No trade
[B]NZD/USD[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 0.8120/30 & High 0.8200/05, Buy as swing with Tp1 high at 0.8200/05 Tp2 0.8245/50 Tp3 0.8280/85 Tp4 0.8375/80, while sell as breakout at 0.8120/30 with Tp1 0.8040/45 Tp2 0.7980/85 Tp3 0.7920/25.
[B]Trade:[/B] No trade
[B]EUR/CHF[/B]
[B]Signal:[/B] This pair is back to same downtrend base after few moments of excitement trying to base on uptrend yesterday(reached 1.2105/10 as was indicated Tp1) with overall sideways movement. Today Buy at 1.2080/85 with Tp1 1.2105/10 Tp2 1.2120/25 Tp3 1.2135/40, while sell at 1.2080/85 with Tp1 1.2050/55 Tp2 at low 1.2040/45 Tp3 1.2020/25.
[B]Trade:[/B] Long with breaking the retracement level, but only going 10 pips up. The rate would then immediately turn downwards to break retracement. So for this trade I count a loss of –10 pips.
The downside break almost hit Tp1 @ 1.2050/55, so I count a profit of +20 pips. Overall: [B]+10 pips[/B].
[B]GBP/CHF[/B]
[B]Signal:[/B] This pair is still on downtrend, retracement at 1.4450/60. As breakout buy at 1.4450/60 with Tp1 1.4535/40 Tp2 1.4585/90 Tp3 1.4630/35, while as swing sell at 1.4450/60 with Tp1 at low 1.4355/65 Tp2 1.4325/30.
[B]Trade:[/B] Short with crossing the lower retracement line and the going down. The rate almost hit TP1 @ 1.4355/65 in a spike, but an “easier” exit was in the range of 1.4380/90 as the rate was bouncing up and down this level for a while before going up. I count a profit of [B]+60 pips[/B] (exit @ 1.4390).
[B]EUR/GBP[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 0.8350/55 and high at 0.8395/00. As swing trading buy at 0.8350/55 with Tp1 high at 0.8395/00 Tp2 powering the trend to 0.8410/15 Tp3 0.8430/35 Tp4 0.8475/80, while as breakout sell at 0.8350/55 with Tp1 0.8305/10 Tp2 0.8275/80 Tp3 0.8245/50.
[B]Trade:[/B] Long with slightly crossing the lower retracement line during a downward move but then immediately going up. Tp1 @ 0.8395/00 hit in a spike, but I rather consider the area around 0.8380/90 as a possible exit which resulted in a profit of [B]+30 pips[/B].
[B]AUD/USD[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 1.0530/40 and high at 1.0600/05. As Swing buy at 1.0530/40 with Tp1 high at 1.0600/05 Tp2 powering the trend to 1.0685/90 Tp3 1.0725/30, while as breakout sell at 1.0530/40 with Tp1 1.0445/50 Tp2 1.035/80.
[B]Trade:[/B] No trade
[B]EUR/JPY[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 101.10/20 and high at 101.95/00. As swing buy at 101.10/20 with Tp1 high at 101.95/00 Tp2 powering the trend to 102.35/40 Tp3 102.60/65 Tp3 103.25/30, while as breakout sell at 101.10/20 with Tp1 100.60/65 Tp2 100.25/30.
[B]Trade:[/B] No trade
[B]GBP/JPY[/B]
[B]Signal:[/B] This pair is still on uptrend, retracement at 121.05/15 and high at 121.80/85. As swing buy at 121.05/15 with Tp1 high at 121.80/85 Tp2 powering the trend to 122.25/30 Tp3 122.45/50 Tp4 122.95/00, while as breakout sell at 121.05/15 with Tp1 120.80/85 Tp2 120.45/50.
[B]Trade:[/B] No trade
Valid trades:
USD/JPY = +20 pips
EUR/CHF = +10 pips
GBP/CHF = +60 pips
EUR/GBP = +30 pips
Result for today: +120 pips
January: +7.730 pips
@ ben
please be more specific about your request and upload a better image - I can hardly see anything.
This is EURJPY todays chart.
As for the signal(1) it should be buy or sell @ 101.15-101.20. as you said we should buy or sell @101.15-101.20. not more than that or less than that.
lets say we buy, it only goes for about 30 pips up. how to know that is the close point. please apologize me for my misunderstanding.
@ superjet
Well, I think the retracement - or better retracement level - is an area of support/resistance, dependent on the current trend of a pair. Take yesterday’s GBP/CHF, the trend was clearly down and it moved up a little to cross the lower retracement line. But it wouldn’t break the upper one, but instead continued its downward movement.
In case the rate would have clearly crossed the upper retracement line and moved up it would have been a long breakout. “Breakout” because then the rate would break out of its former downward movement. Instead, it went further down, so we call it a swing sell.
@ ben,
you cannot know for sure or even predict where the close point is. As for this pair I saw a clear buy signal because it crossed the upper retracement line and slightly touched the lower one but then went up again to cross the upper retracement line and continue its upward move. I always use a sl of 20 pips, so in your case you could have moved the sl to BE so you wouldn’t have lost such a trade.
Then, with breaking the retracement level clearly downwards, you have a valid short trade triggered.
You have to monitor the rates as intense as possible and if you think you have a valid signal I recommend to move to the 5 min time frame to better see if candles are above or below the retracement lines.
Hope this helps