yes you are right … this is agreat thread, it was a missunderstanding, sorry about this.
[B]" wer lesen kann, ist im vorteil "[/B]
regards,
as
:64:
Had a great day riding down EUR/USD, AUD/USD, and NZD/USD.
I have been following FMM for a few months now and am finally getting a good clear idea of his method. It takes a lot of self control but patience & research is key. I admit to biting my nails and pulling out of trades only to kick myself minutes later. Be confident in your trade and set a good SL & TP that you can live with and go with it.
Thank You very much for all your hard work FMM.
Results 15.02.
USD/CHF
Signal: This pair is still on uptrend, retracement at 0.9170/80. As Swing Buy at 0.9170/80 with Tp1 0.9245/50 Tp2 0.9270/75 Tp3 High at 0.9320/25 while as breakout sell at 0.9170/80 with Tp1 0.9130/35 Tp2 0.9100/05 Tp3 0.9060/65
Trade: Two trades
- Short with breaking to the downside but only for a move of 15 pips, so rather a break even trade.
- Long with breaking the retracement level to the upside and hitting TP1 for a profit of +70 pips.
USD/JPY
Signal: This pair is still on uptrend, retracement at 77.95/00, basing above High at 77.45/50 will power the trend turning this price level to High Support Level. As Swing Buy at 77.95/00 with Tp1 High at 78.45/50 Tp2 79.00/05 Tp3 79.25/30 Tp4 80.00/05 while as breakout sell at 77.95/00 with Tp1 77.40/45 Tp2 76.95/00 Tp3 76.45/50
Trade: No trade
EUR/USD
Signal: This pair is still on downtrend, retracement at 1.3160/70. As Swing sell at 1.3160/70 with Tp1 1.3045/50 Tp2 1.3000/05 Tp3 1.2930/35 while as breakout buy at 1.3160/70 with Tp1 1.3230/35 Tp2 1.3275/80 Tp3 1.3340/45
Trade: Two trades
- Long with breaking to the upside for a move of 20 pips, so rather a break even trade.
- Short with breaking the retracement level to the downside and hitting TP1 for a profit of +110 pips.
GBP/USD
Signal: This pair is still on downtrend, retracement at 1.5720/30. As Swing sell at 1.5720/30 with Tp1 1.5610/15 Tp2 1.5575/80 Tp3 1.5505/10, while as breakout buy at 1.5720/30 with Tp1 1.5780/85 Tp2 1.5825/30 Tp3 1.5880/85
Trade: Two trades
- Long with breaking to the upside but only for a couple of pips, so rather a loss trade for –10 pips.
- Short with breaking the retracement level to the downside. No TP level hit, we saw a move of 45-50 pips that was good for a profit of +30 pips.
Overall: +20 pips
USD/CAD
Signal: This pair is still on uptrend, facing mixed sideways movement due to conflict bt. CAD News Release Data and Oil movement, retracement at 0.9980/90. As breakout trading sell at 0.9980/90 with Tp1 0.9960/65 Tp2 0.9950/55 Tp3 0.9920/25 while as swing buy at 0.9980/90 with Tp1 1.0025/30 Tp2 1.0045/50 Tp3 1.0065/70
Trade: Two trades
- Long with breaking to the upside but only for a max move of 12 pips, so rather a loss of –10 pips for this trade.
- Short with breaking to the downside and hitting TP2 for a profit of +30 pips.
Overall: +20 pips
NZD/USD
Signal: This pair is still on downtrend, retracement at 0.8340/50. As Swing sell at 0.8340/50 with Tp1 0.8270/75 Tp2 0.8240/45 Tp3 0.8210/15 while as breakout buy at 0.8340/50 with Tp1 0.8375/80 Tp2 0.8395/00 Tp3 0.8440/45
Trade: Two trades
- Short with breaking to the downside but only for a move of 20 pips, so rather a break even trade.
- Long with breaking to the upside and hitting TP2 for a profit of +50 pips.
EUR/CHF
Signal: This pair is trying to base again on downtrend with overall sideways movement, retracement at 1.2080. As Swing sell at 1.2080 with Tp1 1.2060 Tp2 1.2050/55 Tp3 1.2040/45 while as breakout buy at 1.2080 with Tp1 1.2090 Tp2 1.2095/00 Tp3 1.2105/10
Trade: Short with crossing the retacement line upwards in a spike but then going down. We only saw a move of max 20 pips, so this was rather a break even trade.
GBP/CHF
Signal: This pair is still on downtrend, retracement at 1.4435/45. As Swing sell at 1.4435/45 with Tp1 1.4370/75 Tp2 1.4345/50 Tp3 1.4310/15 while as breakout buy at 1.4435/45 with Tp1 1.4470/75 Tp2 1.4490/95 Tp3 1.4535/40
Trade: Two trades
- Short with bouncing off the lower retracement line and hitting TP1 for a profit of +60 pips.
- Long with breaking to the upside and hitting TP2 for a profit of +50 pips.
Overall: +110 pips
EUR/GBP
Signal: This pair is still on uptrend, retracement at 0.8350/55. As Swing buy at 0.8350/55 with Tp1 0.8400/05 Tp2 High at 0.8415/20 Tp3 0.8435/40 while as breakout sell at 0.8350/55 with Tp1 0.8340 Tp2 0.8330 Tp3 0.8305/10 Tp4 low at 0.8280/90
Trade: Short with breaking to the downside and hitting TP2 for a profit of +20 pips.
AUD/USD
Signal: This pair is still on downtrend, retracement at 1.0700/10. As Swing sell at 1.0700/10 with Tp1 1.0610/15 Tp2 1.0575/80 Tp3 1.0520/25 while as breakout buy at 1.0700/10 with Tp1 1.0760/65 Tp2 1.0790/95 Tp3 1.0850/55
Trade: Two trades
- Short with bouncing off the lower retracement line and going down for a move of ca. 30 pips – good for a profit of +10 pips.
- Long with breaking to the upside and hitting TP1 for a profit of +50 pips.
Overall: +60 pips
EUR/JPY
Signal: This pair is still on uptrend, retracement at 102.60/70. As Swing Buy at 102.60/70 with Tp1 103.70/75 Tp2 104.00/05 Tp3 104.85/90 while as breakout sell at 102.60/70 with Tp1 101.80/85 Tp2 101.25/30 Tp3 100.75/80
Trade: Short with breaking to the downside for a move of max. 40-45 pips that was good for a profit of +20 pips.
GBP/JPY
Signal: This pair is still on uptrend, retracement at 122.60/70, As Swing Buy at 122.60/70 with Tp1 123.75/80 Tp2 124.10/15 Tp3 125.05/10 while as breakout sell at 122.60/70 with Tp1 121.70/75 Tp2 121.10/15 Tp3 120.55/60
Trade: Long with bouncing off the lower retracement line and going up for a move of ca. 45 pips that was good for a profit of +20 pips.
Valid trades:
USD/CHF = +70 pips
USD/JPY = no trade
EUR/USD = +110 pips
GBP/USD = +20 pips
USD/CAD = +20 pips
NZD/USD = +50 pips
EUR/CHF = 0 pips
GBP/CHF = +110 pips
EUR/GBP = +20 pips
AUD/USD = +60 pips
EUR/JPY = +20 pips
GBP/JPY = +20 pips
Result for today: +500 pips
February: +4.820 pips
Thanks to all the traders who commented about the issue whether or not I should post charts and daily results. I think most traders find my charts quite helpful, so I will leave everything as is.
Thanks for your support + good luck and many pips!
Hello, EURUSD just break 1.3. do you think it will go lower or might go up??
Hi FMM,
Thank you very much for the answer!! Yes, I want to know a regulated, serious with low spreads broker. I’ve tested a lot of brokers in demo mode that confused me. I am not a citizen of US. So if you could help giving me some advice.
Again, thank you for your attention.
Hubinator / ForexMoneyMaker,
I have read the 1st page and quite a bit of the thread regarding the signals and I have a question regarding one aspect of the signal. I hope this question has not been asked previously in the thread and if it has, I apologize. I’m just trying to get a better understanding of the signal and how it is used. I do understand that most entries are based on the 61% & 78% Fib Retracement levels and that most TP areas are right around the 127%, 161% & 200% Fib Extension levels.
For Example, on 2.15.2012 the Signal on EUR/USD was the following:
EUR/USD
Signal: This pair is still on downtrend, retracement at 1.3160/70. As Swing Sell at 1.3160/70 with Tp1 1.3045/50 Tp2 1.3000/05 Tp3 1.2930/35 while as breakout buy at 1.3160/70 with Tp1 1.3230/35 Tp2 1.3275/80 Tp3 1.3340/45
Trade: Two Trades
- Long with breaking to the upside for a move of 20 pips, so rather a break even trade
- Short with breaking the retracement level to the downside and hitting TP1 for a profit of +110 pips
My question is at what point do you enter the breakout trade to go long and at what point would you enter the Swing trade to go short? I understand why the 3160/70 level was chosen due it being a 61.8% Fib Retracement off the previous days swing high to swing low in a downtrend and using the closest psychological levels along with some SR Lines.
In the above example on the EUR/USD
- Price breaks above and closes over the 1.3160/70 SR Line
- Then prices breaks below and closes under the 1.3160/70 SR Line
- Then price breaks above and closes over the 1.3160/70 SR Line
- Then price breaks below and continues lower to the Tp1 area
On the M15
I guess I’m basically asking at what point do you consider taking the breakout trade versus the swing trade or vice versa and what is the safe entry into that trade and what is the invalidation of the opposite trade. I am not trying to disrupt the thread or anything like that, so please do not take it as that. I am really just trying to get a deeper understanding of how FMM or Hubinator or anyone else would use the signal real time as price is oscillating at that price level.
For example, on that same trade I shorted at 1.3180 and my reasons where the following: 1.3180 Institutional Level, Fib Retracement level 78.6%, Downtrend, Price above EST Central Pivot, Bearish movement in GBPUSD, Bullish USDX……I would have closed my trade out for a small loss if an H1 candle would have closed over and above my SR Line of 1.3180….This actually ended up being one of my better trades and nailing the high of the day, but I usually will not get that close to the high or low of the day on my trades, only occasionally…But I am just curious how exactly you would use the Signal real time. I have never been a breakout trader so I do not have any experience in that area….
Ok so you won’t get an answer other than use indcators, vsa or whatever your comfortable with to decide. Demo and get better with your reads. FMM has a chart where he shows the indicators that could be used but you will have to read through the thread to find it.
Mate there’s whole section in the forum for this, not on this thread please
Hello Traders,
Forex Signals & Analysis for 17th February 2012:
Short Term Signals:
Usd/Chf Buy at 0.9125/30 then 0.9095/00 then 0.9015/20, sell at 0.9295/00 then 0.9345/50 then 0.9390/95
Usd/Jpy Buy at 78.35/40 then 78.10/15 then 77.90/95, sell at 79.20/25 then 79.35/40 then 79.70/75
Euro/Usd Buy at 1.2975/80 then 1.2900/05 then 1.2830/35, sell at 1.3225/30 then 1.3270/75 then 1.3380/85
Gbp/Usd Buy at 1.5660/65 then 1.5595/00 then 1.5535/40, sell at 1.5880/85 then 1.5915/20 then 1.6020/25
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.9175/85. As Swing Buy at 0.9175/85 with Tp1 High at 0.9295/00 Tp2 0.9345/50 Tp3 0.9390/95, while as breakout sell at 0.9175/85 with Tp1 0.9125/30 Tp2 0.9095/00 Tp3 0.9015/20
Usd/Jpy This pair is still on uptrend, retracement at 78.50/55. As Swing buy at 78.50/55 with Tp1 High at 79.00/05 Tp2 79.20/25 Tp3 79.35/40 Tp4 79.70/75 while as breakout sell at 78.50/55 with Tp1 78.35/40 Tp2 78.10/15 Tp3 77.90/95
Euro/Usd This pair is still on downtrend, retracement at 1.3140/50. As Swing sell at 1.3140/50 with Tp1 1.2975/80 Tp2 1.2900/05 Tp3 1.2830/35 while as breakout buy at 1.3140/50 with Tp1 1.3225/30 Tp2 High at 1.3270/75 Tp3 1.3380/85
Gbp/Usd This pair is trying to base on uptrend if bases above 1.5760/70 as swing buy targetting Tp1 1.5880/85 Tp2 High at 1.5915/20 Tp3 1.6025/30 while as breakout sell at 1.5760/70 with Tp1 1.5660/65 Tp2 1.5595/00 Tp3 1.5535/40
Usd/Cad This pair is trying to base on downtrend if bases below 0.9970/80 as Swing sell order targetting Tp1 0.9910/15 Tp2 0.9890/95 Tp3 0.9825/30 while as breakout buy at 0.9970/80 with Tp1 1.0045/50 Tp2 High at 1.0085/90 Tp3 1.0120/25
Nzd/Usd This pair is trying to base on uptrend, but we’ll trade it as breakout on both sides, Buy at 0.8325/35 with Tp1 0.8375/80 Tp2 0.8400/05 Tp3 0.8460/65 while sell at 0.8325/35 with Tp1 0.8245/50 Tp2 0.8205/10 Tp3 0.8170/75
Euro/Chf This pair is still on downtrend, retracement at 1.2070/75. As Swing sell at 1.2070/75 with Tp1 1.2055/60 Tp2 1.2050/55 Tp3 low at 1.2040/45 while as breakout buy at 1.2070/75 with Tp1 1.2080 Tp2 1.2085/90 Tp3 1.2095/00
Gbp/Chf This pair is still on successful uptrend started yesterday, retracement at 1.4490/00. As Swing buy at 1.4490/00 with Tp1 High at 1.4555/60 Tp2 1.4590/95 Tp3 1.4625/30 Tp4 1.4670/75 while as breakout sell at 1.4490/00 with Tp1 1.4460/65 Tp2 1.4430/35 Tp3 1.4375/80
Euro/Gbp This pair is still on downtrend, retracement at 0.8325/35. As Swing sell at 0.8325/35 with Tp1 low at 0.8270/75 Tp2 0.8255/60 Tp3 0.8230/35 while as breakout buy at 0.8325/35 with Tp1 0.8350/55 Tp2 0.8375/80
Aud/Usd This pair is trying to base on uptrend if bases above 1.0730/40 as Swing Buy order with Tp1 1.0820/25 Tp2 1.0845/55 Tp3 1.0930/35 while as breakout sell at 1.0730/40 with Tp1 1.0645/50 Tp2 1.0595/00 Tp3 1.0545/50
Euro/Jpy This pair is still on uptrend, retracement at 103.10/15. As Swing Buy at 103.10/20 with Tp1 High at 104.00 Tp2 104.55/60 Tp3 104.95/00 Tp4 106.20/25 while as breakout sell at 103.10/20 with Tp1 102.00/05 Tp2 101.20/25 Tp3 100.50/55
Gbp/Jpy This pair is still on uptrend, High support at 124.40/50 break is to retracement at 123.75/85, As Swing Buy at 123.75/85 with Tp1 High at 124.40/50 Tp2 125.60/65 Tp3 126.05/10 Tp4 127.35/40
Gold is still trying to base on uptrend, retracement at 1726/27. As Swing Buy at 1726/27 with Tp1 1740/41 Tp2 1745/46 Tp3 High at 1761/62 while as breakout sell at 1726/27 with Tp1 1706/07 Tp2 1696/97 Tp3 1687/88
Oil is still on uptrend, retracement at 101.60/65. As Swing Buy at 101.60/65 with Tp1 High at 102.65/70 Tp2 103.30/35 Tp3 103.80/85 Tp4 104.90/95 while as breakout sell at 101.60/65 with Tp1 100.80/85 Tp2 100.05/10 Tp3 99.30/35
We have Important News Releases today for the Sterling, Loonie, & Dollar Currencies:
-
UK Retail Sales: Buy Gbp/Usd if -0.1$ or better while sell if -0.5% or worse
-
CAD Core CPI: Buy Usd/cad if -0.1% or worse while sell if 0.3% or above
-
US Core CPI: Usd/Chf & Usd/Jpy if 0.5% or above while Buy Euro/Usd & Gbp/Usd if 0.1% or below
***Traders must keep some caution in recent weeks bad market conditions especially with Greece bailout story that looks not ending sometime soon & rumors spreading in the market effecting pairs movements as pairs that start a day at the bottom end it at top and vice versa. Surely, not Great Conditions for trading but it will be Very Important for traders to know how to adapt to such market conditions that appear from time to time which will grow you as a trader much more than any other day of normal market condition.
Have A Great Trading Day & A Nice Weekend
Hello,
I do not want to look offensive but you can simply Help yourself by learning Swing & Breakout Trading Strategies.
When market price target the retracement price level you’ll decide if you enter as swing or as breakout according to price action and what your knowledge of both strategies tell you besides other fundamental factors that might effect the whole equation…
Good Luck
Hi,
That’s Great, learning from your mistakes erasing the errors and nothing stopping you from improving is the most useful factor in Forex Trading.
Good Luck
Hi, As I previously told you what you can do, I do not give any advice regarding a one certain broker.
Try to do your research with factors I mentioned before… Good Luck
Hi, Honestly, Straight Forward & To The Point. I do not use any of your mentioned indicators or Fibo lines for my analysis nor even the indicators I show on some charts I had posted at past, I do not use them as my basics for final decision when I manually trade since I have my created EA trading my accounts most of the time because of my lack of time(different business matters…)
I believe that each person have his own way of analysis or way of reading the market and Real Traders might have close views of same levels even if they use different methods, some use calculations, others rest. supp. fibo lines, more others use indicators…
Some things you mixed at the end that mean pairs Correlation & other markets effect the movement of Forex Market as all markets are nearly combined with one motion effecting each other are also factors to rely on.
It is Good that you look at many factors to decide before entering a trade but many times Simplicity is the Key.
Do not try to over-read the market or deeply understand it to the closest details since the market can always surprise you by sudden movements that come from nowhere & can not be explained…
You enter an order at retracement mainly according to the trend direction as Swing trading which have first priority for your trading decision but you must not neglect the breakout possibility especially in current bad market conditions as mentioned before…
As my past charts show you crucial tips that you’ll never be in a situation of big loss or even the strategy SL which is 50pips, retracement will never be broken easily but played around for good time if a breakout would be available later on.
You can always come out with small loss or gain if the market price looks going against your order as price action would tell & teach you to figure that…
I had advice traders that mostly retracement as swing trading must gain you 20 easy pips from first touch or test of this level, some short term traders can use this opportunity for each pair, make their day pips average goal and relax while Medium Term(Daily) Traders can use this strategy TP & SL rules as mentioned in first & other posts…
Trade as you had used to, according to your personal strategy or plan if you have one and use my thread posts info as an important factor or crucial final touch for your decisions if you like…
Best Luck
Results 16.02.
USD/CHF
Signal: This pair is still on uptrend, retracement at 0.9200/05. As Swing buy at 0.9200/05 with Tp1 0.9285/90 Tp2 High at 0.9305/10 Tp3 0.9365/70 while as breakout sell at 0.9200/05 with Tp1 0.9155/60 Tp2 0.9115/20 Tp3 0.9080/85
Trade: Short with breaking the retracement level to the downside for a max move of 27 pips in a spike , so I rather consider this as a break even trade.
USD/JPY
Signal: This pair is still on uptrend, retracement at 78.10/15. As Swing buy at 78.10/15 with Tp1 High at 78.70/75 Tp2 78.85/90 Tp3 79.10/15 while as breakout sell at 78.10/15 with Tp1 77.90/95 Tp2 77.65/70 Tp3 77.35/45
Trade: No trade
EUR/USD
Signal: This pair is still on downtrend, retracement at 1.3115/25. As Swing sell at 1.3115/25 with Tp1 1.2985/90 Tp2 low at 1.2950/55 Tp3 1.2860/65 while as breakout buy at 1.3115/25 with Tp1 1.3185/90 Tp2 1.3245/50 Tp3 High at 1.3300/05
Trade: Long with breaking the retracement level to the upside for a move of 32 pips in a spike, so I count a profit of +10 pips for this trade.
GBP/USD
Signal: This pair is still on downtrend, retracement at 1.5715/25. As Swing sell at 1.5715/25 with Tp1 1.5650/55 Tp2 1.5630/35 Tp3 1.5595/00 while as breakout buy at 1.5715/25 with Tp1 1.5740/45 Tp2 1.5760/65 Tp3 1.5790/95
Trade: Long with breaking the retracement level to the upside and hitting TP3 for a profit of +70 pips.
USD/CAD
Signal: This pair is still on uptrend, retracement at 0.9985/90. As Swing buy at 0.9985/90 with Tp1 1.0030/35 Tp2 1.0045/50 Tp3 1.0085/90 while as breakout sell at 0.9985/90 with Tp1 0.9940/45 Tp2 0.9915/20 Tp3 0.9890/95
Trade: Short with breaking to the downside but a couple of pips shy of hitting TP1. We saw a max move of 33-34 pips, so I will count a profit of +10 pips.
NZD/USD
Signal: This pair is still on downtrend, retracement at 0.8335/45. As Swing sell at 0.8335/45 with Tp1 0.8275/80 Tp2 0.8255/60 Tp3 0.8195/00 while as breakout buy at 0.83335/45 with Tp1 0.8410/15 Tp2 0.8450/55 Tp3 0.8485/90
Trade: Short with breaking the retracement level and hitting TP2 for a profit of +80 pips.
EUR/CHF
Signal: This pair is still on downtrend, retracement at 1.2070/75. As Breakout buy at 1.2070/75 with Tp1 1.2080/85 Tp2 1.2090/95 Tp3 High 1.2100/10 while as swing sell at 1.2070/75 with Tp1 1.2055 Tp2 1.2045/50 Tp3 low at 1.2035/40
Trade: Short with the rate crossing the lower retracement line upwards but then going down. No TP level hit we only had a move of around 10 pips, so I rather count this as a loss of -10 pips.
GBP/CHF
Signal: This pair is on uptrend today, retracement at 1.4460/70, as Swing buy at 1.4460/70 with Tp1 High at 1.4555/65 Tp2 1.4590/95 Tp3 1.4675/80 while as breakout sell at 1.4460/70 with Tp1 low at 1.4365/75 Tp2 1.4320/25 Tp3 1.4265/70
Trade: No trade
EUR/GBP
Signal: This pair is on downtrend today, retracement at 0.8345/50, as Swing sell at 0.8345/50 with Tp1 low at 0.8280/85 Tp2 0.8260/65 Tp3 0.8205/10 while as breakout buy at 0.8345/50 with Tp1 High at 0.8395/00 Tp2 0.8430/35 Tp3 0.8465/70
Trade: No trade
AUD/USD
Signal: This pair is still on downtrend, retracement at 1.0700/05. As Swing sell at 1.0700/05 with Tp1 1.0630/35 Tp2 1.0600/05 Tp3 1.0540/50 while as breakout buy at 1.0700/05 with Tp1 1.0780/85 Tp2 1.0820/25 Tp3 High at 1.0865/70
Trade: Three trades
- Long with breaking to the upside for a move slightly over 30 pips, so I count a profit of +10 pips.
- Short with breaking to the downside for a move of 56 pips, so I count this one as a winner for a profit of +20 pips.
- Long with breaking upwards for a move of 68-70 pips, so I count a profit of +50 pips.
Overall: +80 pips
EUR/JPY
Signal: This pair is still on uptrend, retracement at 102.00/10. As breakout sell at 102.00/10 with Tp1 101.70/75 Tp2 101.35/40 Tp3 100.60/65 while as Swing buy at 102.00/10 with Tp1 High at 103.50/55 Tp2 104.00/05 Tp3 104.55/60
Trade: Long with bouncing off the lower retracement line and going up to hit TP1 for a profit of +140 pips.
GBP/JPY
Signal: This pair is still on uptrend, retracement at 122.70/80. As Swing buy at 122.70/80 with Tp1 High at 123.65/70 Tp2 123.90/95 Tp3 124.35/40 while as breakout sell at 122.70/80 with Tp1 122.40/45 Tp2 122.15/20 Tp3 121.70/75
Trade: Long with bouncing off the upper retracement line and hitting TP3 for a profit of +160 pips.
Valid trades:
USD/CHF = 0 pips
USD/JPY = no trade
EUR/USD = +10 pips
GBP/USD = +70 pips
USD/CAD = +10 pips
NZD/USD = +80 pips
EUR/CHF = -10 pips
GBP/CHF = no trade
EUR/GBP = no trade
AUD/USD = +80 pips
EUR/JPY = +140 pips
GBP/JPY = +160 pips
Result for today: +540 pips
February: +5.360 pips
eur usd going down fast… 
will it hit the first tp? or it will going down?