Good sharing thoughts today in the room. = profitable day
I think this is a good start of the room, well done guys
Hey Guys,
Please add me. Skype ID: lussiereric
Thank you !
Iâll add you before London Open no problem.
By the way if you followed FMMâs signals on just GBP/USD today you would already be over 100pips up
Helo guys, you are doing a great work.
Pls add me also to the Skype group.
Skype Iâd : ngolias
Thank you
Hello,
Could you add me to FMM skype account group.
my ID is : karoulpip
Thanks
Hello Traders,
Please add me on skype: Tament
Thanks
Hello Traders,
Forex Signals & Analysis for 29th February 2012:
Short Term Signals:
Usd/Chf Buy at 0.8920/25 then 0.8905/10 then 0.8870/75, sell at 0.9000/05 then 0.9020/25 then 0.9045/50
Usd/Jpy Buy at 79.90/95 then 79.60/65 then 79.25/30, sell at 80.95/00 then 81.15/20 then 81.55/60
Euro/Usd Buy at 1.3385/90 then 1.3355/60 then 1.3325/30, sell at 1.3495/00 then 1.3520/25 then 1.3570/75
Gbp/Usd Buy at 1.5805/10 then 1.5760/65 then 1.5720/25, sell at 1.5950/55 then 1.5975/80 then 1.6040/45
Medium Term Daily Analysis:
Usd/Chf This pair is on downtrend, retracement at 0.8980/85, as swing sell with Tp1 low at 0.8920/30 Tp2 0.8905/10 Tp3 0.8870/75 while as breakout buy at 0.8980/85 with Tp1 0.9000/05 Tp2 0.9020/25 Tp3 0.9045/50 Tp4 0.9110/20
Usd/Jpy This pair is on uptrend, retracement at 80.40/45, as swing buy with Tp1 80.95/00 Tp2 81.15/20 Tp3 81.55/60 Tp4 High at 81.75/80 while as breakout sell at 80.40/45 with Tp1 79.90/95 Tp2 79.60/65 Tp3 79.25/30
Euro/usd This pair is on uptrend, retracement at 1.3410/20, as swing buy with Tp1 High at 1.3485/95 Tp2 1.3520/25 Tp3 1.3570/76, while as breakout sell at 1.3410/20 with Tp1 1.3385/90 Tp2 1.3355/60 Tp3 1.3320/30 Tp4 1.3245/55
Gbp/Usd This pair is on uptrend, retracement at 1.5850/60, as swing buy with Tp1 High at 1.5930/35 Tp2 1.5950/55 Tp3 1.5975/80 Tp4 1.6040/45 while as breakout sell at 1.5850/60 with Tp1 1.5805/10 Tp2 1.5760/65 Tp3 1.5720/25 Tp4 low at 1.5660/70
Usd/Cad This pair is on downtrend, retracement at 0.9965/70, as swing sell with Tp1 low at 0.9920/25 Tp2 0.9910/15 Tp3 0.9880/85 while as breakout buy at 0.9965/70 with Tp1 0.9990/95 Tp2 High at 1.0010/15 Tp3 1.0030/35
Nzd/Usd This pair is on uptrend, retracement at 0.8370/75, as swing buy with Tp1 High at 0.8405/10 Tp2 0.8425/30 Tp3 0.8445/50 Tp4 0.8480/85, while as breakout sell at 0.8370/75 with Tp1 0.8330/35 Tp2 0.8310/15 Tp3 low at 0.8275/80
Euro/Chf This pair is on uptrend, retracement at 1.2050/55, as swing sell with Tp1 1.2040/45 Tp2 low at 1.2030/35 while as breakout buy at 1.2050/55 with Tp1 1.2060 Tp2 1.2065/70 Tp3 1.2080/85 Tp4 High at 1.2100/10
Gbp/Chf This pair is on downtrend, retracement at 1.4240/45, as swing sell with Tp1 1.4195/00 Tp2 1.4175/80 Tp3 low at 1.4155/60 while as breakout buy at 1.4240/45 with Tp1 1.4255/60 Tp2 1.4265/70 Tp3 1.4295/00 Tp4 1.4325/30 Tp5 1.4395/00
Euro/Gbp This pair is on uptrend, retracement at 0.8460/65, as swing buy with Tp1 0.8485/90 Tp2 0.8500 Tp3 High at 0.8505/15 while as breakout sell at 0.8460/65 with Tp1 0.8450 Tp2 0.8440/45 Tp3 0.8420/30 Tp4 0.8380/85
Aud/Usd This pair is on uptrend, retracement at 1.0740/50, as swing buy with Tp1 1.0800/05 Tp2 High at 1.0815/25 Tp3 1.0845/50 while as breakout sell at 1.0740/50 with Tp1 1.0720/25 Tp2 1.0700/05 Tp3 1.0675/80 Tp4 low at 1.0630/40
Euro/Jpy This pair is on uptrend, retracement at 107.90/00, as swing buy with Tp1 109.15/20 Tp2 High at 109.55/65 Tp3 110.35/40 while as breakout sell at 107.90/00 with Tp1 107.15/20 Tp2 106.60/65 Tp3 105.95/00
Gbp/Jpy This pair is on uptrend, retracement at 127.50/60, as swing buy with Tp1 128.75/80 Tp2 129.15/20 Tp3 129.40/50 Tp4 129.95/05 while as breakout sell at 127.50/60 with Tp1 126.60/65 Tp2 126.00/05 Tp3 125.40/45
Gold is on uptrend, retracement at 1778/79, as swing buy with Tp1 High at 1793/94 Tp2 1797/98 Tp3 1804/05 Tp4 1818/19 while as breakout sell at 1778/79 with Tp1 1764/65 Tp2 1755/56 Tp3 1745/46 Tp4 1731/32
Oil is on uptrend, but might change this direction today if bases below retracement at 106.30/35 targetting Tp1 105.25/30 Tp2 104.65/70 Tp3 103.05/10 Tp4 102.75/80 while as swing buy at 106.30/35 with Tp1 106.80/85 Tp2 107.25/30 Tp3 108.60/65 Tp4 109.65/70
We have Crucial News Releases today for the Euro, Swiss Franc, Sterling, & Dollar Currencies:
-
Euro LTRO2: This news have Big Impact on market sentiment as overall and basically on Euro Currency. Market might read the news as it likes as numbers(Money) loaned to European countries banks(Italy, France, Germany, GreeceâŚ) would be announced today from the ECB.
An example of mixed reading by market is if the Money loaned is a very big number that might lead market conclude that EuroZone countries are in Big Debt and more more in need for help which might lead to a negative impact on Euro, while on the other hand market might read it as Euro Banks have enough Money to deal with any new crisis that might occur because they have enough Cash which is the main goal for the ECB Loans with very low % rates to the Euro Countries Banks for long term(3 years).
And, same scenario can be read if numbers come out as less money lended by ECB, market might read it as EU banks do not face that Big Cash problem while on the other hand it might read it as no enough support by ECB & EU banks might not be ready for sudden more crisis in EU countries that might happen at anytime.
Surely, itâs a Big Headache for Traders trying to discover what market reaction will be to this news, so best stand aside and wait for market movement to decide what direction will be picked⌠-
Chf KOF Economic Barometer: Buy Euro/Chf Gbp/Chf Usd/Chf if -0.15 or worse while sell if -0.5 or better
-
UK Inlation Report: This news is important for the Sterling as BOE Governor and members give their view about inflation.
-
US Prelim GDP: Buy Usd/Chf & Usd/Jpy if 3.0% or better while Buy Euro/Usd & Gbp/Usd if 2.6% or worse
-
US Fed Chairman Bernanke talks which as usual have Big Effect on the markets. Certainly, We would like to hear something optimistic by Ben Genius for once after several Good US Economic numbers in past months. Maybe he comes out this time from his defensive shell foreverâŚLOL
Have A Great Trading Day
Hello âLearning Fastâ,
You are doing Good Job by creating a Skype account which is an opportunity for Traders using my Daily Signals & Analysis for their Trading to best help each other with live trades, discussing at the same instant of market moves whatâs best to do(Entry/ExitâŚ). Hopefully, you are all taking advantage of this Great OpportunityâŚ
But, Try to post the Skype Account Clear Name if it is âFMM Traders Groupâ or whatever it is⌠So Traders here do not have to fill all this thread with replies asking questions about the Skype account name and how to add you & all such stuffâŚ
Thread Activity & Traffic is Nice and would be happy for all Traders Join the FMM Skype accountâŚbut better if the posts here are mostly for the purpose of asking Pure Questions about my Daily Signals & Analysis Trading as you understand what I mean.
Good Luck Traders
Hello Hubinator,
Well Done for your continuous efforts⌠A remark here about the Usd/Cad pair buy order trade, the TP must had been taken at TP3 not TP2 as you had posted above. The market price did not reach Tp3 in a spike but perfectly at exact TP3 1.0045/50 with 3 candle tests as seen in the pair pic. above, and even if a spike is what reached TP3, I advice traders to TP at TP3 which is enough no need to be Greedy searching to milk pips till the end market movement which mainly would not go more than TP3 if it reach there at first, talking here about most of trading days.
Ofcourse at some days as with Jpy pairs at few past days because of very powerful movement TP3 was penetrated well for more profits but this is a rare situation, so for most situations better than finding yourself taking TP at TP2 or below after TP3 or Tp4 or Tp5(if mentioned) are hit, take profit at last TP target when reached at any dayâŚ
Good Luck
Hi learning fast I have tried searching your name but cannot seem to find you on Skype. I am Mark.767 in the uk.
Thanks very much
hi, this is a great thread. keep up the great work fmm and all that contribute.
i donât have time to join the skype group, so i would appreciate it if someone posts daily summary/minutes from the skype session highlighting lessons learned or useful tips to help everyone better understand how to trade fmmâs signals.
THANKS!
Hi ForexMoneyMaker,
Could you please just give a little explanation about your recent post:
When you talk about Short Term Signals :
Euro/Usd Buy at 1.3385/90 then 1.3355/60 then 1.3325/30, sell at 1.3495/00 then 1.3520/25 then 1.3570/75
And when itâs about Medium Term Daily Analysis:
Euro/usd This pair is on uptrend, retracement at 1.3410/20, as swing buy with Tp1 High at 1.3485/95 Tp2 1.3520/25 Tp3 1.3570/76, while as breakout sell at 1.3410/20 with Tp1 1.3385/90 Tp2 1.3355/60 Tp3 1.3320/30 Tp4 1.3245/55
Thanks for you support.
Hi LearningFast,
How does it works with Skype group ? Iâm supposed to wait an invitation from you or should I join manually the Skype group ?
Thanks.
@koul for example in eur/usd if it hits 1.3410 you open a buy trade and the SL is 50 from the daily candle. and TP is Tp1 High at 1.3485/95 Tp2 1.3520/25 Tp3 1.3570/76
if it hits below 1.3410 then u sell. and tp is Tp1 1.3385/90 Tp2 1.3355/60 Tp3 1.3320/30 Tp4 1.3245/55
SL also is 50 from daily candle.
i hope i helped u out
It makes sence.
This is for a medium term what about the short term ?
Thank you
Results 28.02.
USD/CHF
Signal: This pair is on downtrend, retracement at 0.9005/15, as swing sell with Tp1 low at 0.8970/75 Tp2 0.8930/35 Tp3 0.8900/05 Tp4 0.8870/75 while as breakout buy with Tp1 0.9030/35 Tp2 0.9050/55 Tp3 0.9095/00 Tp4 0.9120/30
Trade: No trade
USD/JPY
Signal: This pair is on uptrend, retracement at 80.45/50, as swing buy with Tp1 High at 0.8165/75 Tp2 82.30/35 Tp3 82.95/00, while as breakout sell at 80.45/50 with Tp1 79.65/70 Tp2 79.25/30 Tp3 78.40/45
Trade: Two trades
- Short with breaking to the downside for a move of 40-45 pips, so I count a profit of +20 pips.
- Long with breaking to the upside for a max move of 28 pips, so rather a break even trade.
We then saw the rate breaking the retracement level several times in both directions without a clear direction. I donât count these trades because if taken one or both of the first trades you wouldnât necessarily risk a third try with the rate going nowhere.
Overall: +20 pips
EUR/USD
Signal: This pair is on uptrend, retracement at 1.3370/80, as swing buy with Tp1 High at 1.3435/45 Tp2 1.3485/90 Tp3 1.3525/30 Tp4 1.3575/80 while as breakout sell at 1.3370/80 with Tp1 1.3330/35 Tp2 1.3300/05 Tp3 1.3235/40
Trade: No trade
GBP/USD
Signal: This pair is on uptrend, retracement at 1.5805/15, as swing buy with Tp1 High at 1.5895/05 Tp2 1.5930/35 Tp3 1.5965/70 while as breakout sell at 1.5805/15 with Tp1 1.5775/80 Tp2 1.5750/55 Tp3 1.5695/00
Trade: Long with the rate bouncing off the upper and lower retracement line and hitting TP1 for a profit of +90 pips.
USD/CAD
Signal: This pair is on uptrend, retracement at 0.9975/85, as swing buy with Tp1 High at 1.0045/50 Tp2 1.0075/80 Tp3 1.0105/10 while as breakout sell at 0.9975/85 with Tp1 0.9945/50 Tp2 0.9930/35 Tp3 0.9885/90
Trade: Two times short with breaking to the downside and later bouncing off the upper retracement line to hit TP1 for a profit of +30 pips.
NZD/USD
Signal: This pair is on uptrend, retracement at 0.8370/80, as swing buy with Tp1 high at 0.8405/10 Tp2 0.8450/55 Tp3 0.8475/80 Tp4 0.8530/35 while as breakout sell at 0.8370/80 with Tp1 0.8320/25 Tp2 0.8285/90 Tp3 0.8245/50
Trade: Two trades
- Long with bouncing off the lower retracement line but only for a move of 18 pips, so rather a break even trade.
- Short with breaking to the downside for a move of 20-23 pips, so again rather a break even trade.
Overall: 0 pips
EUR/CHF
Signal: This pair is on downtrend, retracement at 1.2050/55, as swing sell with Tp1 1.2040 Tp2 low at 1.2030/35(Buy) Tp3 1.2025/30(Buy), while as breakout buy at 1.2050/55 with Tp1 1.2060 Tp2 1.2065/70 Tp3 1.2080/85 Tp4 High at 1.2105/15
Trade: Many opportunities to go short with the rate breaking to the downside. But like yesterday there was no clear movement, so rather a break even trade as one sure would have tried to exit at no gain/loss with the rate going up and down the retracement level.
GBP/CHF
Signal: This pair is on downtrend, retracement at 1.4245/55, as swing sell with Tp1 low at 1.4175/85 Tp2 1.4150/55 Tp3 1.4110/15 while as breakout buy at 1.4245/55 with Tp1 1.4280/85 Tp2 1.4395/10 Tp3 1.4340/45 Tp4 1.4400/10
Trade: No trade
EUR/GBP
Signal: This pair is on uptrend, retracement at 0.8450/60, as swing buy with Tp1 High at 0.8495/00 Tp2 0.8510/15 Tp3 0.8530/35 while as breakout sell at 0.8450/60 with Tp1 0.8430/35 Tp2 0.8415/20 Tp3 0.8395/00
Trade: No trade
AUD/USD
Signal: This pair is on uptrend, retracement at 1.0720/30, as swing buy with Tp1 High at 1.0815/25 Tp2 1.0865/70 Tp3 1.0945/50 while as breakout sell at 1.0720/30 with Tp1 1.0645/50 Tp2 1.0595/00 Tp3 1.0540/45
Trade: No trade
EUR/JPY
Signal: This pair is on uptrend, retracement at 107.60/70, as swing buy with Tp1 High at 109.20/25 Tp2 110.10/15 Tp3 111.10/15 while as breakout sell at 107.60/70 with Tp1 106.35/40 Tp2 105.60/65 Tp3 104.00/05
Trade: Two trades
- Short with breaking to the downside for a max move of 30 pips, so I count a profit of +10 pips for this trade.
- Long with breaking to the upside. Daily high was in the area of 108.70/75, so I take 108.50 as exit which is good for a profit of +80 pips.
Overall: +90 pips
GBP/JPY
Signal: This pair is on uptrend, retracement at 127.20/30, as swing buy with Tp1 High at 128.90/00 Tp2 129.80/85 Tp3 130.85/90 while as breakout sell at 127.20/30 with Tp1 125.95/00 Tp2 125.25/30 Tp3 123.55/60
Trade: Three trades
- Short with breaking to the downside for a move of 50-55 pips, so I will count a profit of +30 pips.
- Long with breaking to the upside for a move to the daily high @ 128.20 which was good for a profit of +90 pips.
- Long with the rate bouncing off the lower retracement line for a move of 50-60 pips â will count a profit of +30 pips for that trade.
Overall: +150 pips
Valid trades:
USD/CHF = no trade
USD/JPY = +20 pips
EUR/USD = no trade
GBP/USD = +90 pips
USD/CAD = +30 pips
NZD/USD = 0 pips
EUR/CHF = 0 pips
GBP/CHF = no trade
EUR/GBP = no trade
AUD/USD = no trade
EUR/JPY = +90 pips
GBP/JPY = +150 pips
Result for today: +380 pips
February: +7.870 pips
Hi Everyone,
Could I also be added to the Skype group? My ID: marcineqqq
Thanks a lot:)