hub, now i understood. thats a great idea. i like to join.
my details
trader: astock
asian session: available
europe session: available
ny session: the first 2 hours.
best regards,
as
Someone was asking for actual trade results for these signals. Here are my weekly results for GBP/USD (my favourite pair) as traded on my live (spreadbet) account.
[U]Monday 20th[/U]
Price didnât come close to the retracement level, but instead was banging on the door of 15875 most of the asian session. This level coincided with FMMâs ST sell signal, so when price retested the high during the London session, I took a small short trade (risking just 0.5% of my account). I closed this at the end of day for a miserly [B]+28 pips[/B].
[U]Tuesday 21st[/U]
Bit of a messy day. Price hit the retracement, but didnât progress much more than 35 pips. My trade stopped out at [B]+18 pips[/B]. I noticed Hub took the breakout prior to this (during the asian session), but for me, I would only consider taking the breakout if I see a convincing [U]close[/U] on the hourly chart which never happened. This approach might make me miss a few opportunities, but has kept my powder dry on many occasions. In any case, I was asleep then, but it does highlight the problem of just setting pending orders. The following breakout during the London morning session I [U]did[/U] take. I shorted @ 15810 (again, the hourly close) expecting a good move which never happened. Price (just) hit my TP of 15775 for [B]+35 pips[/B]
[U]Wednesday 22nd[/U]
Tricky day, but good outcome. I took a long @ 15805 (hourly close above resistance) which promptly reversed. I closed @ 15772 for a loss of [B]-33 pips[/B] when price closed below support on the hourly chart (which was also the 200ema). At the same time, I opened a short to trade the break. This ran and ran and I took partial profits at TP1, TP2 and closed the remainder at TP3. About 117 pip run in total, but as I scaled out I averaged [B]+60 pips[/B] .
[U]Thursday 23rd[/U]
I took a nice short at the retracement level of 15725 but the down move was over in just one hour, and price started to reverse back. It didnt get anywhere near TP1 (the low) and I think it moved about 40 pips or so. I closed for [B]+19 pips[/B]. I then took the breakout during the New York session when the hourly candle closed @ 15733. This was only about 20 pips or so under the 200ema, so quite a risky trade. I placed a small stop (25 pips) and low risk (0.5%). This risky trade paid off nicely (see Friday).
[U]Friday 24th[/U]
I have to say I was a bit confused what to do on this day. I was already in a long breakout trade from Thursday, but FMMâs signal said the trend was [U]down[/U]. Hmmm. Anyway I donât trade Fridayâs much and I just left my small long order in place, with pending orders to take profits at TP1, TP2 and TP3. When I checked my charts in the afternoon I was already in the money, and it run up about 160 pips (and counting), but as I scaled out, I averaged [B]+60 pips[/B]
So, the week ended +28 +18 +35 -33 +60 +19 +60 = [B]+187 PIPS[/B].
This equates to about +4.1% increase in equity in my account. Not bad for 1 week for GBP/USD.
This is nowhere near the theoretical results posted by Hub, but hopefully will show what can be achieved. At the risk of repeating myself, the best advice I can give others trading these signals, is to trade just a few pairs. I look for 2 or 3 of my favourite pairs each day.
Good trading everyone
Dave
Hi Dave Iâve added you on Skype and it was me who asked the question about your real time results. Just what I was looking for thanks Dave, going to spend this weekend studying and trying to get a better understanding of FFMâs strategy/signals
Well as we are all here to help just thought I would tell what I had been doing. I have been learning and reading VSA to help me determine what the market will do. It works much better than the indicators for me. I use FMM signals as action areas to get in on a trade.
There is more to it of course NoSupply NoDemand, sign of strength or weakness, stopping volume etc that you need to know. but basically
If the trend is down and FMM line above current price
- If the area gets tested but starts to range below the area and each time it pushes into it it gets rejected (look for long spikes, tweezers or bearish engulfing on the 15min) go short. This is the entry I look for as it is very easy to trade and very profitable.
- If the area gets tested and then pushed through but on low volume be careful could be a bull trap, wait and if drops below FMM again enter short immediately. If it ranges above and gets pushed up every time it tests the area, enter long.(hubinator you tend to write these bull traps as break evens or -10 trades)
3.If the area gets blown through on high volume
and a range forms look for it to test the area and be pushed up. Enter long.
NB if the FMM area gets broken above it will almost always form a range and test the FMM area again or even multiple times before heading off up. If it beaks back below the FMM area( not in a spike) it will go down mostly.
The reverse is true for trend is up FMM area below current price.
Learn candlestick patterns and price action to also assist you. Bearish and bullish engulfing are way important in this especially if you zoom in @ bounces in to and around the FMM areas.
Valid 5pip scalps can easily be taken here. Double tops in the 5min can look like tweezers in the 15min etc etc . Lots of nice price action head and shoulders all that sort of thing can create valid entries at these levels for easy 10 pip trades.
Donât try and over trade if a scenario happens and your unsure stay out the trade.
my results have been sound over the last 2 weeks. 2sl hit but up a lot only risking 2% with very good risk to reward on these signals. I must admit I never aim or even look at Tp1,2 etc I just manage the trade myself.
Recently with the markets the way they are it seems naked trading is the most profitable according to a guru on this site. It seems there is a large move away from indicators among those that know. But I must stress my own opinion is if it ainât broke donât fix it. So if indicators work for you I am not advising you against them.
Maybe getting over confident but I am very thankful to FMM.
Thanks FMM
cheggs thatâs actually incredibly useful thanks. I use VSA too to some degree mainly looking for weakness in a move.
Hi Hubinator I would like to enter into the trading group. Are you using skype chtroom to communicate??
I trade from Asian open to NY open Mon-Fri.
Thanks
So far I havenât made up my mind about how we can communicate with each other. But using a skype chatroom makes sense. Could you set that up and invite the people here?
watâs your skype username?
I could do Skype my user name is Learning Fast If anyone wants to add me
Hi FMM I donât know what you talking about, pls I want you to explain. Thanks
@hubinator - would love to join the group but have my own restaurant business, canât commit to anything as I never know what I may be doing time wise. But of course will always follow the thread so please keep us all posted on your findings.
PS got the babypips I phone app itâs making me a baby pip addict.
YNWA King Kenny The legendâŚ
Hello Traders,
Forex Signals & Analysis for 27th February 2012:
Short Term Signals:
Usd/Chf Buy at 0.8900/05 then 0.8870/75 then 0.8815/20, sell at 0.9030/35 then 0.9065/70 then 0.9105/10
Usd/Jpy Buy at 80.00/05 then 79.45/50 then 79.05/10, sell at 81.75/80 then 82.05/10 then 82.85/90
Euro/Usd Buy at 1.3345/50 then 1.3300/05 then 1.3245/50, sell at 1.3520/25 then 1.3555/60 then 1.3630/35
Gbp/Usd Buy at 1.5720/25 then 1.5650/55 then 1.5580/85, sell at 1.5960/65 then 1.6005/10 then 1.6115/20
Medium Term Daily Analysis:
Usd/Chf This pair is on downtrend, low resistance at 0.8975/80 break is to retracement at 0.9000/10, as Swing sell with Tp1 low at 0.8975/80 Tp2 0.8900/05 Tp3 0.8870/75 Tp4 0.8815/20, while as breakout buy at 0.9000/10 with Tp1 0.9030/35 Tp2 0.9065/70 Tp3 0.9105/10
Usd/Jpy This pair is on uptrend, retracement at 80.65/70, as Swing buy with Tp1 High at 81.60/65 Tp2 81.75/80 Tp2 82.05/10 Tp3 82.85/90 while as breakout sell at 80.65/70 with Tp1 80.00/05 Tp2 79.45/50 Tp3 79.05/10
Euro/Usd This pair is on uptrend, high support at 1.3430/35, break is to retracement at 1.3380/90, as Swing buy with Tp1 High at 1.3430/35 Tp2 1.3520/25 Tp3 1.355/60 Tp4 1.3630/35, while as breakout sell at 1.3380/90 with Tp1 1.3345/50 Tp2 1.3300/05 Tp3 1.3245/50
Gbp/Usd This pair is on uptrend, retracement at 1.5820/30, as swing buy with Tp1 High at 1.5915/25 Tp2 1.5960/65 Tp3 1.6000/05 Tp4 1.6115/20 while as breakout sell 1.5820/30 with Tp1 1.5720/25 Tp2 1.5650/55 Tp3 1.5580/85
Usd/Cad This pair is on uptrend, retracement at 0.9975/80, as swing buy with Tp1 1.0010/15 Tp2 high at 1.0025/30 Tp3 1.0045/50 while as breakout sell at 0.9975/80 with Tp1 0.9960/65 Tp2 0.9950/55 Tp3 0.9935/40 Tp4 low at 0.9920/25
Nzd/Usd This pair is on uptrend, retracement at 0.8355/60, as swing buy with Tp1 High at 0.8395/00 Tp2 0.8410/15 Tp3 0.8430/35 while as breakout sell at 0.8355/60 with Tp1 0.8330/35 Tp2 0.8320/25 Tp3 0.8290/95
Euro/Chf This pair is on downtrend, retracment at 1.2050/55, as swing sell with Tp1 low at 1.2030/35(Buy) Tp2 1.2020/25(Buy) Tp3 1.2005/10(Buy) while as breakout buy at 1.2050/55 with Tp1 1.2065/70 Tp2 1.2075/80 Tp3 1.2085/90
Gbp/Chf This pair is on downtrend, retracement at 1.4250/55, as swing sell with Tp1 low at 1.4200/05 Tp2 1.4165/70 Tp3 1.4145/50 Tp4 1.4120/25 while as breakout buy at 1.4250/55 with Tp1 1.4270/75 Tp2 1.4300/05 Tp3 1.4365/75
Euro/Gbp This pair is on uptrend, retracement at 0.8455/60, as swing buy with Tp1 0.8490 Tp2 0.8405/10 Tp3 0.8520/25 Tp4 0.8535/40 while as breakout sell at 0.8555/60 with Tp1 0.8440/45 Tp2 0.8430/35 Tp3 0.8410/15
Aud/Usd This pair is on uptrend, retracement at 1.0700/05, as swing buy with Tp1 1.0750/55 Tp2 1.0775/80 Tp3 High at 1.0800/10 while as breakout sell at 1.0700/05 with Tp1 1.0655/60 Tp2 1.0640/45 Tp3 1.0600/05
Euro/Jpy This pair is on uptrend, high support at 109.10/20 break is to retracement at 107.90/00, as swing buy with Tp1 High at 109.10/20 Tp2 110.30/35 Tp3 110.80/85 Tp4 112.40/45 while as breakout sell at 107.90/00 with Tp1 107.00/05 Tp2 106.00/05
Gbp/Jpy This pair is on uptrend, high support at 129.00/05 break is to retracement at 127.70/80, as swing buy with Tp1 High at 129.00/05 Tp2 130.35/40 Tp2 131.00/05 Tp3 133.10/15 while as breakout sell at 127.70/80 with Tp1 126.00/05 Tp2 124.65/70
Gold is on uptrend, retracement at 1770/71, as swing buy with Tp1 High at 1781/82 Tp2 1787/88 Tp3 1791/92 while as breakout sell at 1770/71 with Tp1 1765/66 Tp2 1762/63 Tp3 1754/55 Tp4 1749/50
Oil is on uptrend, retracement at 108.20/25, as swing buy with Tp1 High at 110.35/40 Tp2 110.65/70 Tp3 111.15/20 Tp4 112.35/40 while as breakout sell at 108.20/25 with Tp1 107.95/00 Tp2 107.20/25 Tp3 106.45/50
We have An Important News Release today for the Dollar Currency:
- US Pending Home Sales: Buy Usd/Chf & Usd/Jpy if 1.3% or above while Buy Euro/Usd & Gbp/Usd if 0.9% or below
Have A Great Trading Day
Hey Hub,
I would like to join the group as well, but I found the spreadsheet a little ambigious so hence itâll be probably easier if we list our availability in GMT time instead of entire trading sessions âEurope, Asia, USâ.
Trader name: Genya049
Availability GMT 3pm-5pm, but could potentially spend a little more time after GMT 5pm.
Thanks Hub
When the group is created to trade FFMâs signals can we all please only stick to FFMâs signals and refrain from talking about anything else. Otherwise it will just get incredibly busy in there and distract from the actual purpose of the room (when of course itâs set up)
Iâve seen this happen before and it doesnât help when the room starts getting used to talk about the weather or tennis or anything else other than trading. 
hi lf,
i know you from mikes ( prosperityfx ) chatgroup in skype. tom580823
i think you are the one who is the most time online.
come on, create a chatgroup in skype and then we all join it.
maybe give it a good name: ffmm signals or hubgroup âŚ
regards
absolutely agree. The intention of this room is to trade together and learn from each other. I tell point black as soon as I realize thereâs too much talk of anything else but trading, I will quit.
So, thatâs how it looks right now:
Trader
Session Hubinator LearningFast hafizesh astock winforextweet Genya049
Asian available available
Europe available available available available available
US available
If you guys want, Iâm willing to make available my old signal provider account with Zulutrade. Itâs down 2,400 pips since I crashed with it in October last year, but that doesnât really matter for us. I think itâs the fastest way to come up with a trading account for everybody. If there are other ideas out there, youâre welcome to post it here.
@ hub
@ lf
i agree. no bla bla bla in the group, concentration on the signals, trading and currency pairs.
hub, good idea to activate your zulu account, to follow you
Excellent guys looking forward to it, let me know when a Skype room is set up, I donât want to actually set it up as I donât want the responsibility of adding everyone all the time
at least we need somebody who is 8-10hours everyday with the computer online.
i cant do it, bc i a have besides a job and dont follow every day the european session until the end.