Forex Buy & Sell Trading Signals

Commercial Content Trading Signals
631

Hi Canialegui,

Yes, You had done something wrong. First of all, You entered a buy order after market price had broke retracement in early hours asian session. As I had explain previously that retracement will not be broken easily but after many tests and if you are a trend trader(or just want to least gain quick money if you’re a newbie or short term trader or/& don’t like to stay much in the market) you best buy or sell at retracement according to trend direction at first touch or bounce of retracement as you see on the eurojpy chart the example is at left side, after 5 strong support candles at retracement buy is at first candle opening at or above higher ret. line.
You wrongly bought at a clear bearish candle at 15 min chart, it is also more clear at 5 min chart that I prefer for entry & exit of order if you want to use this strategy perfectly & profitably despite that 15 min. can also show reversal & trend keeping signs.
You also exit SL somehow late(much clear if you used a 5 min chart), talking about above 15 min chart your exit must had been at open of the candle you closed your order at its low price, saying in your case that you already bought wrong.
At open of candle because it opened below ret. lines.
I am here just talking about how I read price action on the chart above, still did not enter into support & resistance levels around that area that give some clues too but my main focus is always at perfectly reading price action.

A quick tip as continuing with price action, the candle you bought at is a Higher High after break of retracement so you do not buy there but wait for a lower high or lower low to appear then decide. In your SL candle it’s a higher low but still opened below ret. lines so no buy confirmation.

Good Luck

632

Hi Rowdyrahz,

All what still needed from me & missing my effort was to start giving Forex lessons as if at first I have all the time in world for that. Try to at least learn well strategies(at babypips elsewhere…any good forex website) I use here to trade my daily info
It’s not what system I trade. I trade my own daily analysis, no system no ***

It’s really a shame(saying the least) that some people want to gain money without making a single effort to learn Forex Trading at first. By this, search for a holy grail system or robot or whatever you want… if you can find a real good one or if it exists at first.

Good Luck

633

Hi Dave,

It is weird & laughable how most of the sold systems have same price of 97(or few dollars less or more).

Great that you are giving light to your experience with my Daily Signals & Analysis.

Skype is a Good Idea as any other Good social network services found on the net.

Keep the money running in your account…

634

You are Welcome kwonkicker. I can’t do more than posting some charts to more explain how my strategy work at best as some traders who are using my Daily Signals & Analysis profitably are also helping in this job.

Try to learn from the posted charts besides spending sometime learning the strategies(reading then applying on demo).

635

Hi David,

Great that you have the authority & predicting power of reading my mind & the way I trade strategy but be careful of my trademark & copyright…lol

Resistance & support levels can be useful despite I more rely at my retracement levels & price action. Besides, I prefer a 5minute chart for entries & exits.

Excellent that you are willing to always improve your trading skills which is a Good Habit of Persistence & Determination.

Try not to call me a Master Trader, You & other traders are the Masters here & there…LOL

Good Luck David

636

hi FMM, i follow your daily signal from last week and make some nice pips from it :slight_smile:
thanks to you, i hope you will continue your good work :smiley:

i try to create a custom indicator for MT4 platform based on your signal

fmm line.zip (7.78 KB)

637

How does this indicator work? I just tested it and inserted a value for sell breakout Tp1 but I don’t see any line.

638

@ kloworizer,

your indicator is exactly the tool I have been looking for for so long. If you have programming skills - or anybody else out here - maybe you can make it work like the indicator I have attached. Maybe you can combine them or just use parts of them.

I’d be very thankful if we could get something together that would allow to insert the rates from FMMs signals and then click the OK button and have all the lines displayed on the chart. Would be perfect if there was also an acoustic alert + message box as in my indicator.

PriceAlert_Ver_1-2.zip (2.04 KB)

639

What a sh… trading day. Got kind of fooled the entire day - every time I entered a trade the rate would retrace and kick me out. GRRRR!!!:46:

640

In an odd way good to hear since it’s was my first day trying the signals :13:
Thought I’d misunderstood the whole concept…

641

I had a similar day… Started trading these signals live for the first time and i done very well to begin with… Then i got it handed to me by the GBP/USD… Jus kept bouncing around retracement, lost a good chunk of profit there.

I think i need to start being a little less aggressive with the entries and a bit more conservative with the money lol. Real money on the line so i guess whether u ncan afford to loose it or not still getting jitters. O well tomorrows another day, better day hopefully.

642

Hello fmm,

I was jus wondering if u wouldnt mind me asking what session you trade yourself? And what ur local time line is compared to London GMT where i Trade?

Thankyou for your signals and your time you kindly share with all of us.

643

Hello Traders,

Forex Signals & Analysis for 31st January 2012:

Short Term Signals:

Usd/Chf Buy at 0.9100/05 then 0.9070/75 then 0.9025/30, sell at 0.9225/30 then 0.9255/60 then 0.9300/05

Usd/Jpy Buy at 76.00/05 then 75.85/90 then 75.50/55(Buy), sell at 76.75/80 then 77.00/05 then 77.20/25

Euro/Usd Buy at 1.3040/45 then 1.2995/00 then 1.2915/20, sell at 1.3245/50 then 1.3295/00 then 1.3365/70

Gbp/Usd Buy at 1.5645/50 then 1.5615/20 then 1.5580/85, sell at 1.5755/60 then 1.5775/80 then 1.5825/30

Medium Term Daily Analysis:

Usd/Chf This pair is still on downtrend, retracement at 0.9180/90 & low at 0.9090/95. As breakout trading buy at 0.9180/90 with Tp1 0.9225/30 Tp2 0.9255/60 Tp3 0.9300/05,
while as swing sell at 0.9180/90 with Tp1 0.9100/05 then 0.9070/75 then 0.9025/30

Usd/Jpy This pair is still on downtrend, retracement at 76.65/70 & low at 76.20/25. As swing sell at 76.65/70 with Tp1 low at 76.20/25 Tp2 76.00/05 Tp3 75.85/90 Tp4 75.50/55(Buy),
while as breakout buy at 76.65/70 with Tp1 76.75/80 Tp2 77.00/05 Tp3 77.20/25 Tp4 77.45/50

Euro/Usd This pair is still on uptrend, retracement at 1.3120/30. As swing buy at 1.3120/30 with Tp1 High at 1.3245/50 Tp2 1.3295/00 Tp3 1.3365/70, while as breakout sell at 1.3120/30 with Tp1 1.3040/45 Tp2 1.2995/00 Tp3 1.2915/20

Gbp/Usd This pair is still on uptrend, retracement at 1.5680/90 & high at 1.5790/00. As swing buy at 1.5680/90 with Tp1 1.5755/60 Tp2 1.5775/80 Tp3 1.5795/00 High Tp4 1.5825/30, while as breakout sell at 1.5680/90 with Tp1 1.5645/50 Tp2 1.5615/20 Tp3 1.5580/85

Usd/Cad This pair is still on downtrend, retracement at 1.0030/40 & low at 0.9970/75. As swing sell at 1.0030/40 with Tp1 0.9980/85 Tp2 low at 0.9970/75 Tp3 0.9930/35, while as breakout buy at 1.0030/40 with Tp1 1.0065/70 Tp2 1.0090/95 Tp3 1.0110/15 Tp4 1.0145/50

Nzd/Usd This pair is still on uptrend, retracement at 0.8180/85. As breakout sell at 0.8180/85 with Tp1 0.8130/40 Tp2 0.8105/10 Tp3 0.8060/65, while as swing buy at 0.8180/85 with Tp1 0.8250/55 Tp2 high at 0.8275/85 Tp3 0.8315/20

Euro/Chf This pair is still on downtrend, retracement at 1.2055/60 & low at 1.2020/25(Buy). As swing sell at 1.2055/60 with Tp1 1.2030/35 Tp2 low at 1.2020/30 Tp3 1.2010/15, while as breakout buy at 1.2055/60 with Tp1 1.2065/70 Tp2 1.2075/80 Tp3 1.2090/95

Gbp/Chf This pair is still on downtrend, retracement at 1.4405/10 & low at 1.4295/05. As swing sell at 1.4405/10 with Tp1 1.4335/40 Tp2 1.4310/15 Tp3 low at 1.4290/00 Tp4 1.4275/80, while as breakout buy at 1.4405/10 with Tp1 1.4445/50 Tp2 1.4465/70 Tp3 1.4510/15

Euro/Gbp This pair is still on uptrend but squeezed bt. resistance & support so we’ll trade it as breakout strategy. Buy at 0.8365/70 with Tp1 high at 0.8405/15 Tp2 0.8425/30 Tp3 0.8450/55, while sell at 0.8350/55 with Tp1 0.8330/35 Tp2 0.8315/20 Tp3 0.8285/90

Aud/Usd This pair is still on uptrend, retracement at 1.0585/95. As breakout sell at 1.0585/95 with Tp1 1.0505/10 Tp2 1.0465/70 Tp3 1.0400/05, while as swing buy at 1.0585/95 with Tp1 high at 1.0680/90 Tp2 1.0715/20 Tp3 1.0780/85

Euro/Jpy This pair is trying to base on downtrend, below 100.55/65 to target as sell order swing trading Tp1 99.45/50 Tp2 99.10/15 Tp3 98.25/30 while as breakout buy 100.55/65 with Tp1 101.45/50 Tp2 102.00/05 Tp3 High at 102.15/20 Tp4 102.60/65

Gbp/Jpy This pair is also trying to base on downtrend today, below 120.25/35 as swing trading sell order targetting Tp1 119.20/25 Tp2 118.90/95 Tp3 118.25/30, while as brekout buy at 120/25/35 with Tp1 120.75/80 Tp2 121.15/20 Tp3 121.65/70

Gold is still on uptrend, retracement at 1724/25 & high at 1744/45. As swing buy at 1724/25 with Tp1 high at 1744/45 Tp2 1752/52 Tp3 1764/65, while as breakout sell at 1724/25 with Tp1 1712/13 Tp2 1704/05 Tp3 1693/94

Oil is still on downtrend basis, retracement at 99.25/30 & low at 97.85/95. As swing trading sell at 99.25/30 with Tp1 low at 97.85/95 Tp2 97.45/50 Tp3 96.55/60, while as breakout buy at 99.25/30 with Tp1 100.10/15 Tp2 100.75/80 Tp3 101.45/50

We have 2 Important News Releases today for the Canadian Dollar & Dollar Currencies:

  • CAD GDP: Buy Usd/Cad if 0% or below while sell if 0.4% or above

  • US CB Consumer Confidence: Buy Usd/Chf & Usd/Jpy if 70 or above while Buy Euro/Usd & Gbp/Usd if 66 or below

*** As I had expected for yesterday, a War at retracement levels for all pairs then choppy market movement occured to then the war not finish but carried to today as most if not all pairs kept current trend movement after moving from the reversal yesterday early hours movements to close/Open above or around retracement levels today.
Best Example was maybe Aud/Usd fall to 1.0525 to then close/open today candle around 1.06

Have A Great Trading Day

644

In Fact, It was a choppy sideways movement trading day, but don’t say I did not warn you about the War at retracement levels which had actually occur but still with Good pick up of pairs to trade and little more patience holding on right direction orders, Good Money as usual could had been made. In bt. it was a Good day for traders who like to trade sideways market as scalpers too buying lower selling higher.
Example of Good trades were easily with Aud/Usd maybe Best Example by breakout trading.

645

Don’t Worry, those kind of trading days appear from time to time, so you must be always ready for the worst in Forex trading by the market.

646

Hi ffm/ anyone,
I’ve just started read your medium trading tips … Am I correct in say that the prices u give all I got to do is draw lines on them and wait for the break out and retracement? And set profit targets?
Thanks

647

i try to create a custom indicator for MT4 platform based on your signal
fmm line.zip

FMM, you have now joined the ‘Elite Trader Club’ lol - you now have an indicator named in your honour.
Well done!

Dave

648

As told Hubinator, some patience holding orders till clear direction appear was the key. As for Gbp/Usd pair it was perfectly a breakout trading opportunity as if entered a sell order at retracement it was a big opportunity to close around 1.5655/65 at anytime as this levels been tested as retracement too many times up/down while 1.5700 wasn’t broke to the upward till late hours. Even if you had enter a buy order at retracement it tested it many many times, also SL 50 pips or even TP1 were never hit, this is why holding the order was the key if you didn’t realize that a sell as breakout was the best answer.

Euro/Usd also had perfect breakout to TP1 while at before the breakout a buy at retracement wasn’t bad since it held kept going up/down for a possible 20-30 pips exit before breakout appeared after many tests.

As I mentioned yesterday that reversal signs were appearing and that happened till late hours then again the pairs coming back to its main trend levels.

Good Luck

649

Hi Volts,
Ah, I wish life was that simple! You will need to study elementary price-action to get the best out of these signals. Oh, and read the thread so you understand the method. It’s not really set-and-forget trading, but its very profitable if you put in a bit of effort.

Good luck

Dave

650

I trade all sessions starting from market open or new daily candle formation. Actually, not me all the time which would be too much headache & tire… I had a friend programmer created for me 2 EAs to run my Signals & Analysis all the time(VPS Hosting), one for short other for medium term. I manually trade my accounts when I am available not too busy especially if opportunities appear while I am available & monitoring the market(mostly after market open or new day…)

My Local Time is 2 hours after GMT, which also mean as I think after London local time by 2 hours.

Good Luck