I dont know much about retracement high and lows,but I noticed that these signals are very very powerful and very high probability signals. more than 7000 pips for a month! that’s some kind of very valuable human thing in you. you mention that these signals are coming from your indies, but giving your profitable signals to people that even you dont know while other high profitable traders dont giving there signals to those who are as they say its 95% of people lossing from forex but you giving them these signals to those 95% people that like saying dont loose. as now a days people are more and more selfish these days but you the other hand one of a kind. I didnt trade these signal cause I saw these yesterday midnight,but studying the charts and reading your thread WOW! Thank you.
sorry for my english,I tried my best.
I know this is disturbing,but need to know.
I have a problem with entering.as for the signal we need to enter between 101.15-101.20 or when crossing the retracement lines? please show me is it A B or C.
Is it need to do like opening 2 positions at same time. like opening a sell @ 101.15 and buy too @101.15.like Hedging?
First of all I would like to thank ForexMoneyMaker for helping out in this thread. THANK YOU!
1st question… Before a swing trade is valid… does it need to reach tp1 on the breakout first? (If that’s triggered first obviously)
2nd question… Do I understand it correct that you move your sl +10 on tp2 and tp3 pip after reaching tp1 abd thereafter aim for a trailing stop of 50 pips?
Short Term Strategy Take Profit is bt. 10 and 30 pips while stop loss is 30 pips, aand very important note for this bouncing trading strategy(crucial resistance, support, psycological price levels) is you do not enter an order if a pair price hit few pips(bt. 6 and 10) before my buy or sell signal but only if it directly hit it at first intact you enter a trade.
While for Medium Term Strategy Take Profit is 50 pips increased to 100 then 150 and so on… as a certain pair continues its up or downtrend movement each day and I’ll daily update you about that, while stop loss is 50 pips from the start of daily candle taken order & Take Profit can be used as stop loss, if a pair moved with more than 50 pips gain but reversed before the 100 pips, you set stop loss at 50 pips gain from entry of order,
another example is if a certain pair wasn’t able to gain fast 50 pips from start of daily candle and you realized that its moving sideways then you TP bt. 10 and 50 pips,
3rd example which is as the first one, if a pair reached 200 pips gain and reversed you can set stop loss at 150…
Ofcourse, After days of reading my posts you’ll learn well how both strategies work.
Thanks a lot!
Jan
I think we can help each other cause its not cool when asking the man who saving us.
I think for your 2nd question,yes of course we need to mover our sl after hit the first tp.cause if you did not mover your stoploss it will be not profitable enough.
it will be thanked if you help me.I dont know where to open the trade the signal is ok,but is it buy or sell. how we know its a buy or a sell.if you are trading this signals please help.
@ ben
I still cannot read your image very well, so see my screenshot where I see valid signals for EUR/JPY. If you cannot read it, download the image and open it in a (e.g.) Paint where you can enlarge it if necessary.
@ ben
Also, I recommend you switch to the 5min or 15 min time frame. There you will a much better picture of the present price action and can make better decisions as whether to buy or sell. H1 is the wrong time frame.
I think you are mixing up terms here. The validity of a swing trade has nothing to do if you reach a tp level or not. Now honestly, please do me a favor and [B]READ ALL[/B] that is written here. Just this morning I answered this question, so if you had read the entire posts you would already know by now.
Ok, I’m willing to help, so here we go again:
If you look at FMMs signal description, you will realize that any trade that goes into the direction of the main trend is referred to as [B]Swing trade[/B]. If the rate changes its direction from the main trend, we speak of a [B]Breakout trade[/B].
For example, FMMS EUR/JPY signal for today:
“EUR/JPY
Signal: 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.”
- This pair is still on uptrend = the main trend is up.
- Swing buy at … = We buy at a certain level when the rate continues is uptrend, so in this case it’s a swing buy.
- while as breakout sell at… = We sell at a certain level which would be the opposite direction of the main trend, so we call it a breakout.
Forget about tp levels, they have nothing to do with these term.
As for moving the sl, please always refer to what signals you are using - short term or medium term. The explanation is there, you just have to do a little bit of reading, ok?
Regards,
Hubinator
In all honestly I actually have read it and I am not mixing terms. It might be that I’m not speaking native English and have a small disadvantage explaining myself. I’m sorry for that…
If we take your example:
“EUR/JPY
Signal: 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.”
If this pair trigger breakout at 101.15 but does NOT reach Tp1, retraces and hit 101.15 on the return. Will the swing buy be triggered?
I apologies for not understanding even if I have read it several times…I try my very best…
Regards
Well, first of all I would only place a buy order if the rate is above 101.25 and not at 101.15. So if the rate is above 101.25 and goes up, but then falls back to e.g. 101.15 and then crosses the upper retracement line again at 101.25 this would trigger a swing buy order according to the signal rules. But that doesn’t mean you automatically place such an order. You have to look at the 5 min or 15 min chart what is the actual price action. Also, you need to pay attention to economic news and general market talks as they both have an influence on the price action.
Also, you could keep the first buy position open, as in this case you would only go down 10 pips. You can then observe how the market is moving and make a decision. In general, give your trades a little space to develop.
I understand that it is sometimes very difficult to figure out what is the right decision as you simply can’t know for sure where a rate is going to. Right now, what I can advise is that you first use a demo account and practice. Only buy if a candle is clearly above the upper retracement line and sell if a candle is clearly below the lower retracement line. If you move your sl to break even once 20 pips are reached, you will avoid many losses. It’s then up to you how you move the sl once the rate moves into the right direction.
If I don’t reach 20 pips to adjust the sl, I simply close the trade when it goes into the opposite direction. Usually then I only have between 10-20 minus, which can easily be compensated.
Don’t worry, just practice and you will soon get a feeling for market behavior and what would be the best decision.
Hello “superjet335”,
As an amateur, you must learn swing & breakout strategies with price action strategy to best use my Daily Signals & Analysis.
I posted some charts previously showing how my daily posts info could be traded. Try to learn something from them.
Fortunately, there are many Good Forex Websites that teach those strategies for free with also clear charts…
Check them and Learn…Can’t more assure at this point
Hi Ben,
If you had read my past recent posts, you can knew that 5 minute chart is a must for discovering a breakout from the false breakout. Even with the Euro/Jpy chart you see the magic of retracement levels I post. Clear Strong Support(as EuroJpy is on uptrend- retracement is support here) held exactly at retracement then went upward for around 30 pips.
As this move was very compatible with Euro/Usd move that had done the same with a more boost move…
Simply, as I had suggest newbies that if they do not want the headache of trying to analyze if it’s a breakout or swing trading at retracement. you can easily enter a trade with main trend at retracement at first test of this level.
As in Euro/Jpy case, it’s a first test or touch bounce buy order. Retracement would never be broke easily, you’ll have enough time to close your order at some gain or loss. Mainly, it must bounce at least 20 pips at first touch.
Count 3 pairs trading with 20 pips each you had made above 50 pips in short time just from the first bounce of retracement
Lets say 50*20 days= 1000 pips per month… It’s really easy like that
You want to trade the Medium Term Analysis to the above till you well learn the strategies…
If you want more simplicity, Trade the Short Term Signals and Gain same quick fast money in minutes…
For example: from around 1 & a half hour, EuroUsd sell signal 1.3180/85 with easy 20 pips gain.
Thanks for doing me a favor Hubinator by posting the chart that reflects previous charts info I posted at past showing that you are learning from my posts. Hopefully, many others to same Good Work & understanding of my posts as you are doing.
Look at the chart traders, the green arrow show the test of the bounce at retracement for a clear buy order while thered arrow show the clear breakout from retracement, 1st big bearish candle breaks then the second candle confirm the break by a test at exactly the retracement line to continue the break…
It’s many times as easy as that…just keep it simple
Trade Trade Trade at demo learn from my charts examples…
After a plus 20-30 pips, try not to close any order at loss, squeeze TP to 10-20 according to the situation but mainly it will take much time to reach break even pips, so you have much time to close a profitable order. Even when price is playing around retracement later give it some time then you can close the order at small loss or breakeven, no need to wait for the basic 50 pips SL at anytime. Again, Retracement would not break easily at any case, you’ll find candle after candle test the level before break.
For example: in EuroJpy case despite sudden falls for yen pairs at early hours and swing all day but at first touch of retracement it directly bounced up after tests then later it broke but when?! after previous and later tests…
I’ll post a chart regarding such and more conflict situation by tomorrow.
**By the way, Traders who had enter a swing order for Euro/Usd & Gbp/Usd Tp at TP1 1.3180/85 for the first and around 1.5720 for the second. You can give some more space for possible Tp2 hit for the first and Tp1 for the second pair but try not to TP below the said targets…
Briefly, Turn Euro/Usd Tp1 to become a SL waiting for Tp2 while Turn Gbp/Usd around 1.5720 to be SL waiting for TP1 for now
Good Luck
Thanks a lot both of you. It’s much more clear know…
Have a nice week end
Jan
Hello Traders,
I’ll show you below 2 charts that contain conflict situations as traders might face at any day for any pair.
You had been asking for clarification for such cases and as you’ll see the charts with tips on it will show you how to deal with such scenarios when they exist while you are trading my Daily Medium Term Analysis.
First chart will be for Aud/Usd pair related to 24th January 2012, retracement was at 1.0480/90 - breakout sell, while second chart is for Usd/Jpy pair related to 27th January 2012, retracement at 77.15/20 & breakout sell at 77.10/20, so I’ll show the retracement lines bt. 77.10/15 that show the more conflict while bt. 77.10/20 was clear easier breakout continuation with no pass of 77.20 line.
Enjoy A Nice Weekend
Hi ForexMoneyMaker & Hubinator
Firstly thanks for taking ur time to help us out.
I work full time and want to trade after work which is around 1900-2100 gmt and was wondering will your system work for those hours or does it have to be a more active like working hrs (0800-1700) ?
Also this question is more to Hubinator : i notice on your trade results (I haven’t looked through all the pages) that u haven’t lost a trade only profit is this true or is the no trade a lost . If you haven’t lost , how are you so consistent ?
Thanks
@ volts,
as I said before, all results are hypothetical. My results are just here to give you an orientation of how you could have traded the signals and what the results would have been if traded according to the strategy.
Since there have been quite a few questions I will modify my daily results to show some charts which will eventually be of help to you. “No trade” means that no trade had been triggered.
Results 27.01.
USD/CHF
Signal: 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.
Trade: No trade
USD/JPY
Signal: 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.
Trade: Sell with breaking the retracement level downwards and reaching Tp2 @ 76.65/70 for a profit of +60 pips.
EUR/USD
Signal: 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.
Trade: Long with bouncing off the upper retracement line and moving up. TP2 @ 1.3220/25 missed for just 2 pips, so I count a profit of +130 pips (exit @ 1.3210).
GBP/USD
Signal: 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.
Trade: Long with bouncing off the upper retracement line and moving upwards. No TP level hit, I think a good exit was around Resistance 1 @ 1.5724 – 1.5740. I take 1.5730 as a good exit so the profit for this trade is +80 pips.
USD/CAD
Signal: 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.
Trade: No trade
NZD/USD
Signal: 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.
Trade: No trade
EUR/CHF
Signal: 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).
Trade: Short with breaking the lower retracement line, but without hitting a tp level. This pair then went up to cross the upper retracement line in a spike but would then move up and down along the upper retracement line without a clear direction. Later we saw a second break of the lower retracement line and a move down. Again, no tp level hit, I think a good exit would have been at Support 1 @ 1.2058 for a profit of +10 pips.
GBP/CHF
Signal: 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.
Trade: There were three trades:
- Short with touching the lower retracement line and then going down. No tp level hit, this pair went up to cross the upper retracement line. Low was around 1.4422, so I count a profit 0f +10 pips, assuming a sl of 20 pips had been used.
- Long with breaking the upper retracement line, but without hitting a tp level. High was around 1.4488, so again I count a max. profit of +10 pips for this trade.
- Short with crossing the lower retracement line and hitting TP 1 @ 1.4355/65 for a profit of +90 pips.
Overall: +110 pips
EUR/GBP
Signal: 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.
Trade: This pair was crossing the retracement level up and down several times so we had quite a few valid signals. The first two buy and sell signals both offered the chance to close at break even, so I will only monitor the 3rd sell and buy signal:
- Short with breaking the retracement line but without hitting a tp level. We only saw a move down for about 10 pips, then the rate went up to break the upper retracement line, so I rather count a loss of –20 pips for this trade.
- Long on a breakout, hitting TP1 @ 0.8395/00 for a profit of +40 pips.
Overall: +20 pips.
AUD/USD
Signal: 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.
Trade: No trade
EUR/JPY
Signal: 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.
Trade: Similar to EUR/GBP, several crossings of the retracement lines:
- Long with slightly crossing the upper retracement line downwards but then moving up. No TP hit, high was around 101.54, so I rather count this one as a break even trade.
- Short with breaking the lower retracement lines and hitting TP1 @ 100.85 for a profit of +30 pips.
- Long with crossing the upper retracement, but not hitting a tp level. Little movement, so I rather count a loss of –10 pips for this trade.
- Again short like trade no. 2 with hitting TP1 for a profit of +30 pips.
- Long with crossing the upper retracement level, but not hitting a tp level. I think here a profit of +10 pips was possible.
Overall: +60 pips
GBP/JPY
Signal: 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.
Trade: Short with breaking the lower retracement line and perfectly hitting TP3 @ 120.00/10 for a profit of +100 pips.
Valid trades:
USD/JPY = +60 pips
EUR/USD = +130 pips
GBP/USD = +80 pips
EUR/CHF = +10 pips
GBP/CHF = +110 pips
EUR/GBP = +20 pips
EUR/JPY = +60 pips
GBP/JPY = +100 pips
Result for today: +570 pips
January: +8.300 pips
Hi Hubinator
Thanks for the reply, so you don’t trade these signals and just put the results in, is that right?
Has anyone traded them? I’m not being rude forexmoneymaker I just want to see the % of win and losses
Thanks or your help