You simply have to check how the rate develops. Sometimes the rate retraces back to the retracement level and either follows the main trend or goes into the opposite direction, so you get a second chance to place a trade. If it’s already too far away from the retracement level you wouldn’t place a trade. To me this happened often with AUD/USD and NZD/USD with these pairs already having crossed or bounced off the retracement levels (during Asian session) when I start trading early in the European session. In this case I guess you just have to accept you missed a chance and better remain sidelined and wait for other pairs to give you good trading opportunities.
yeah as i can see with the posts… of your results… u entered a trade in EUR/USD before FMM gave the signal. and i didnt saw a second chance to get it the trade? how did you do that?
Hello Traders,
Forex Signals & Analysis for 2nd March 2012:
Short Term Signals:
Usd/Chf Buy at 0.9015/20 then 0.8995/00 then 0.8975/80, sell at 0.9085/90 then 0.9100/05 then 0.9130/35
Usd/Jpy Buy at 80.70/75 then 80.50/55 then 80.25/30, sell at 81.45/50 then 81.65/70 then 81.95/00
Euro/Usd Buy at 1.3260/65 then 1.3240/45 then 1.3200/05, sell at 1.3365/70 then 1.3390/95 then 1.3420/25
Gbp/Usd Buy at 1.5890/95 then 1.5860/65 then 1.5830/35, sell at 1.5995/00 then 1.6020/25 then 1.6065/70
Medium Term Daily Analysis:
Usd/Chf This pair is on the glimpse(only today confirmation needed) of basing on uptrend, if bases above retracement at 0.9035/45, as swing buy with Tp1 0.9085/90 Tp2 0.9100/05 Tp3 0.9130/35 Tp4 0.9175/80 while as breakout sell with Tp1 0.9015/20 Tp2 0.8995/00 Tp3 0.8975/80 Tp4 0.8940/45
Usd/Jpy This pair is on uptrend, retracement at 80.90/95, as swing buy with Tp1 81.45/50 Tp2 81.65/70 Tp3 81.95/00 Tp4 High at 82.25/30 while as breakout sell at 80.90/95 with Tp1 80.70/75 Tp2 80.50/55 Tp3 80.25/30
Euro/Usd This pair is on the glimpse of basing on downtrend, if bases below retracement at 1.3330/40, as swing sell with Tp1 1.3260/65 Tp2 1.3240/45 Tp3 1.3200/05 Tp4 1.3170/75 while as breakout buy at 1.3330/40 with Tp1 1.3365/70 Tp2 1.3390/95 Tp3 1.3420/25 Tp4 High at 1.3465/75
Gbp/Usd This pair is on uptrend, retracement at 1.5920/25, as swing buy with Tp1 High at 1.5975/80 Tp2 1.5995/00 Tp3 1.6020/25 Tp4 1.6065/70 while as breakout sell at 1.5920/25 with Tp1 1.5890/95 Tp2 1.5860/65 Tp3 1.5830/35 Tp4 1.5780/85
Usd/Cad This pair is on downtrend, low resistance at 0.9880 break is to retracement at 0.9890/00, as swing sell with Tp1 low at 0.9880 Tp2 0.9820/25 Tp3 0.9805/10 Tp4 0.9770/75, while as breakout buy at 0.9890/00 with Tp1 0.9900/05 Tp2 0.9920/25 Tp3 0.9945/50 Tp4 0.9985/90
Nzd/Usd This pair is on uptrend, retracement at 0.8380/85, as swing buy with Tp1 High at 0.8410/15 Tp2 0.8435/40 Tp3 0.8455/60 Tp4 0.8505/10 while as breakout sell at 0.8380/85 with Tp1 0.820/25 Tp2 0.8285/90 Tp3 0.8255/60
Euro/Chf This pair is on the glimpse of basing on uptrend, if bases above retracement 1.2055/60, as swing buy with Tp1 1.2070 Tp2 1.2080 Tp3 1.2100 Tp4 1.2105/10 while as breakout sell at 1.2055 with Tp1 1.2045/50 Tp2 1.2035/40 Tp3 low at 1.2030/35
Gbp/Chf This pair is on uptrend, retracement at 1.4380/90, as swing buy with Tp1 1.4490/95 Tp2 1.4510/15 Tp3 1.4565/70 Tp4 High at 1.4610/20 while as breakout sell at 1.4380/90 with Tp1 1.4340/45 Tp2 1.4315/20 Tp3 1.4255/65
Euro/Gbp This pair is on downtrend, retracement at 0.8375/80, as swing sell with Tp1 0.8315/30 Tp2 0.8305/10 Tp3 0.8375/80 Tp4 low at 0.8260/65 while as breakout buy at 0.8375/80 with Tp1 0.8400/05 Tp2 0.8420/25 Tp3 0.8455/60
Aud/Usd This pair is on uptrend, retracement at 1.0775/80, as swing buy with Tp1 High at 1.0835/45 Tp2 1.0865/70 Tp3 1.0920/25, while as breakout sell at 1.0775/80 with Tp1 1.0730/35 Tp2 1.0690/95 Tp3 1.0660/65 Tp4 low at 1.0630/35
Euro/Jpy This pair is on uptrend but might change this view today if bases below retracement at 107.90/00, as swing buy with Tp1 108.50/55 Tp2 108.75/80 Tp3 109.10/15 while as breakout sell at 107.90/00 with Tp1 107.45/50 Tp2 l07.25/30 Tp3 106.85/90 Tp4 106.15/20
Gbp/Jpy This pair is on uptrend, retracement at 128.80/90, as swing buy with Tp1 129.85/90 Tp2 High at 130.05/15 Tp3 130.55/60 while as breakout sell at 128.80/90 with Tp1 128.70 Tp2 128.35/40 Tp3 128.00/05 Tp4 127.55/60
Gold is on downtrend, retracement at 1727/28, as swing sell with Tp1 1693/94 Tp2 low at 1689/90 Tp3 1681/82 Tp4 1668/69 while as breakout buy at 1727/28 with Tp1 1735/36 Tp2 1744/45 Tp3 1762/63
Oil is on uptrend, retracement at 108.10/15, as swing buy with Tp1 High at 11.35/40 Tp2 112.60/65 while as breakout sell at 108.10/15 with Tp1 105.90/95 Tp2 104.60/65
We have Important News Releases today for the Sterling & Lonnie Currencies:
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UK Construction PMI: Buy Gbp/Usd if 53 or higher while sell if 49 or lower
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CAD GDP: Buy Usd/Cad if 0.1% or lower while sell if 0.5% or higher
Today might be Good opportunity to buy the Usd/Cad as it might comeout from its oversold zone shell to make some correction especially with this news and other factors too related to Oil movement that would effect, so take care to all possibilities, further deep fall is not out of cards too especialyl if keeps a clear base below today low resistance(coincidently near today retracement that might give some tip signal what might happen…)
Have A Great Trading Day & An Exciting Weekend
Hello Traders,
Thank You All for your Continuous Encouraging Compliments. For lack of time I’m not able to answer your questions.
I’ll try to spend sometime this weekend to look at your recent questions if there’s anything important to reply to Clear some conflicts you might be facing during trading…
If you have any Real Good Questions(not repeated ones previously answered in my thread) try to post your replies through the day(Today).
“schendalzare54”: I think Hubinator didn’t clearly realize what you are arguing him about or did not want to continue the argument.
It is Clear that you are talking about the 29th Feb. 2012 Euro/Usd analysis.
It is also clear that this pair result of Hubniator was not in the Asian Session and did not yet happen before I posted that day analysis.
As Traders remember that Euro/Usd broke retracement(Hubinator short) that was 1.3410/20 during Fed Chairman Ben Bernanke was testifying to the Congress which was after NewYork Session open, so I do not see the conflict about this trade by Hubinator.
Even the Swing Trade not mentioned by Hubinator because market price had hit 1.3421(1 pip from retracement first line) and that was in London Session(after my post by around 10 hours). Review this pair chart.
To make this more Clear. I can’t change retracement levels of any day even if sometimes market price was around that price level during posting my Daily Signals & Analysis that is bt. 1-2 hours after market open or new daily candle open(can’t be much faster to post than this or post before a new daily candle open…!!)
As I mentioned in past posts, I can only jump over(not mention it but the next or second buy or sell signal) a first short term buy or sell signal when very few times market price reach it while I am doing the analysis to then post…
Because Short Term Signals are first touch or test opportunities to take a trade not for second or more tests while Medium Term Strategy is for the whole day trading.
Good Luck To All
Dear ForexMoneyMaker,
I have read the 500 out of 1024 posts untill now and want to thank you for your brilliant work and trade signals. I have a question to make. In case we are trading the retracement and suppose we are under it, what is the most possible move for the pair? Isn’t it much more difficult to acheive a beakout than be rejected? For example: EUR/USD retracement is at 1.3330/40 right now. What is the safest trade for one to take? Go short at let’s say 1.3033 or wait till it closses 3-4 5mins periods above it? Forgive me if this has already been answered since I am half way reading your thread 
Thank you again for sharing your knowledge with us…
FMM, i need your help.
What is the main trend in EU now? In my opinion downtrend.
Because you write about uptrend, do i see something wrong ?
Regards
AS
FMM wrote thtat EU is on the glimpse of basing on downtrend, so what he wrote in his analysis is correct.
hub, fmm, i am sorry, when i put my post i was refereing to signals from 1.march
regards
Results 01.03.
USD/CHF
Signal: This pair is squeezed today bt. resistance and support, would trade as breakout on both sides, Buy at 0.9050/55 with Tp1 0.9100/05 Tp2 High at 0.9125/30 Tp3 0.9200/05 while sell at 0.9015/20 with Tp1 low at 0.8940/50 Tp2 0.8890/95 Tp3 0.8850/55
Trade: Long with breaking to the upside but only for a move of 15-17 pips, so rather a break even trade.
USD/JPY
Signal: This pair is on uptrend, retracement at 80.80/85, as swing buy with Tp1 81.70/75 Tp2 81.95/00 Tp3 82.60/65 while as breakout sell at 80.80/85 with Tp1 80.25/30 Tp2 79.80/85 Tp3 79.40/45
Trade: Long with the rate bouncing off the upper retracement line (in a downward spike) and moving for 40-45 pips, so I count a profit of +20 pips.
EUR/USD
Signal: This pair is squeezed bt. resistance and support, will trade it as breakouts, Buy at 1.3360/65 with Tp1 High at 1.3470/75 Tp2 1.3540/45 Tp3 1.3600/05 while sell at 1.3315/20 with Tp1 1.3240/45 Tp2 1.3200/05 Tp3 1.3090/95
Trade: Short with breaking to the downside for a move of 30-35 pips, so I count a profit of +10 pips.
GBP/USD
Signal: This pair is on uptrend, retracement at 1.5885/95, as swing buy with Tp1 High at 1.5950/55 Tp2 1.5990/95 Tp3 1.6025/30 Tp4 1.6065/70 while as breakout sell at 1.5885/95 with Tp1 1.5860/65 Tp2 1.5840/45 Tp3 1.5780/85
Trade: Long with the rate bouncing off the upper retracement line (in a spike) and hitting TP1 for a profit of +60 pips.
USD/CAD
Signal: This pair is on downtrend, low resistance at 0.9900, break is to retracement at 0.9920/30, as swing sell with Tp1 low at 0.9900 Tp2 0.9820/25 Tp3 0.9785/90 Tp4 0.9725/30 while as breakout buy at 0.9920/30 with Tp1 0.9975/80 Tp2 1.0010/15 Tp3 1.0065/70
Trade: No trade
NZD/USD
Signal: This pair is on downtrend, retracement at 0.8350/60, as swing sell with Tp1 low at 0.8270/75 Tp2 0.8235/40 Tp3 0.8145/50 while as breakout buy at 0.8350/55 with Tp1 High at 0.8400/05 Tp2 0.8460/65 Tp3 0.8520/25 Tp4 0.8570/75
Trade: Two trades
- Short with breaking to the downside for a move of 30 pips – profit +10 pips.
- Long with breaking to the upside and hitting TP1 for a profit of +40 pips.
Overall: +50 pips
EUR/CHF
Signal: This pair is on downtrend, retracement at 1.2055/60, as swing sell with Tp1 1.2045/50 Tp2 1.2040 Tp3 1.2035 while as breakout buy at 1.2055/60 with Tp1 1.2065/70 Tp2 1.2080/85 Tp3 1.2100/10
Trade: Two possibilities to go short with the rate bouncing off the lower retracement line but only for a move of max 10 pips, so rather a loss of –10 pips.
GBP/CHF
Signal: This pair is on uptrend, retracement at 1.4320/30, as swing buy with Tp1 1.4395/00 Tp2 1.4485/90 Tp3 1.4525/30 Tp4 1.4640/45 while as breakout sell at 1.4320/30 with Tp1 1.4235/40 Tp2 low at 1.4160/70 Tp3 1.4090/95
Trade: No trade
EUR/GBP
Signal: This pair is on downtrend, retracement at 0.8410/15, as swing sell with Tp1 0.8320/25 Tp2 0.8295/00 Tp3 low at 0.8260/65 Tp4 0.8230/35 while as breakout buy at 0.8410/15 with Tp1 0.8460/65 Tp2 High at 0.8495/05 Tp3 0.8540/45
Trade: No trade
AUD/USD
Signal: This pair is squeezed bt. resistance and support, will trade as breakouts, Buy at 1.0735/40 with Tp1 High at 1.0815/20 Tp2 1.0850/55 Tp3 10905/10 Tp4 1.0955/60 while sell at 1.0715/20 with Tp1 1.0655/60 Tp2 low at 1.0625/35 Tp3 1.0535/40
Trade: Long with two times breaking to the upside and missing TP1 for a couple of pips. Daily high @ 1.0810, will take 1.0790 as possible exit which is good for a profit of +50 pips.
EUR/JPY
Signal: This pair is on uptrend, retracement at 108.00/10, as swing buy with Tp1 108.75/80 Tp2 109.05/10 Tp3 109.40/45 Tp4 High at 109.95/00 while as breakout sell at 108.00/01 with Tp1 107.60/65 Tp2 107.35/40 Tp3 106.90/95
Trade: Plenty of possibilities to go short or long with the rate crossing the retracement level up and down but mostly without finding a clear direction. The long trades had a potential move of 10-15 pips, so I rather consider them to be break even trades whereas the short trades had a move of almost 30 pips, so at least I can count a profit of +10 pips for either one of them.
GBP/JPY
Signal: This pair is on uptrend, retracement at 128.45/55, as swing buy with Tp1 High at 130.10/20 Tp2 130.65/70 Tp3 131.70/75 while as breakout sell at 128.45/55 with Tp1 127.70/75 Tp2 127.00/05 Tp3 126.25/30
Trade: No trade
Valid trades:
USD/CHF = 0 pips
USD/JPY = +20 pips
EUR/USD = +10 pips
GBP/USD = +60 pips
USD/CAD = no trade
NZD/USD = +50 pips
EUR/CHF = -10 pips
GBP/CHF = no trade
EUR/GBP = no trade
AUD/USD = +50 pips
EUR/JPY = +10 pips
GBP/JPY = no trade
Result for today: +190 pips
March: +190 pips
When you say: “SL also is 50 from daily candle.” is the OPEN value of daily candle?
Just found this thread at babypis for android and i see nosense about this mentioned trade:
@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.
The value to open one BUY (1.3410) order is the same of SELL (1.3410) it? Retracement is value the same of the breakout?
Sorry for my poor english, isn’t my first language.
okay… if it says downtrend… meaning price is from higher going to lower… and it hits 1.3410 you SELL ok?
then if it goes back to 1.3410 (from lower price hitting 1.3410) you Open a BUY position. got it?
Ok. Understand the concept, but to open the BUY order, the SELL order need stay already closed, right?
That’s A Great Idea to post daily summary of the Skype account trades, so Traders here become more interested in joining sharing their experiences when they realize that the Skype account conversation is being useful.
And, for all to learn from each other mistakes and misunderstanding of my Daily Signals & Analysis as wrong entry or exit at a certain day, why the trader entered a trade, what/when went wrong or right…??
If you had read both strategies rules even if just briefly, you could had discovered how both work for your trading.
Short Term Signals have 3 buy and 3 sell opportunities to take a trade, as market price reach the first you see if market price directly went to the first buy or sell signal and you enter a trade at first test, after you TP 10-30pips or SL is 30 pips(mustn’t be used if you respect the strategy rule), you wait for market price to target the second buy or sell signal and do the same and same for the third signal.
Just remember you only enter at first hit or test of any signal(1,2 or 3rd) as bounce trading, you do not enter a trade of tests of the signal.
Traders who first use this strategy for trading and still don’t have enough experience with trading it might say but we entered sometimes at first test but market price kept falling down(for a buy signal).
Well, in such case I’ll go back to Friday example of Gbp/Usd first buy signal that was at 1.5890/95, market price broke it easily with a fast big one 5 minute candle, in such case I think you could had entered a buy order only if you are as fast as that big fall candle…lol Even in this case I think your order could had been filled by your broker at around 1.5880 because fall was strong and quick.
Besides, sometimes it needs a little instinct or some sense to realize that after many candle falls and breaking retracement level fast(after breaking it before few hours of second break and fall down), it was smarter to skip the first signal and search to buy at second one which was 1.5860/65 were market price held there going up to 1.5875/77 later before continuing down later(so you had much time to close at TP 10pips easily) to third buy signal 1.5830/35 where market price hit 1.5835 and went up to as high as 1.5865/70(opportunity of up to 30 pips TP) then market price broke 1.5830/35 at late hours(ofcourse no enter again here, you just had entered at past at 1.5835 and if you missed that opportunity or was reluctant, you do not enter at second test…) to mark 1.5822 and market close finally at third buy signal 1.5830
Medium Term Daily Analysis:
Some quick tips: -Retracement level is the main role where the pair will be heading later on for a Good opportunity trade to enter as swing or breakout, mainly as said before the retracement would hold for at least 20 pips as swing trading, so short term traders can also use this opportunity to enter an order.
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Marks that possible breakout or change of trend is going to happen. Recent example is Euro/Usd & Usd/Chf, as Traders here remember that at thursday both pairs analysis was “squeezed bt. resistance and support” and you also remember that both had uptrend and downtrend movements respectively at past days, so thursday was first hint that market direction was reversing and friday came my confirmation which turned to be what market direction had followed…
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Try to look at economical news release at each new day or even for a day in advance because market price mainly move before time of news release as preparation for the news, as traders have predictions that the news will be good or bad for the currency, so they start buying or selling early, in same case focus at how the pair moved in previous day if smoothly respecting main trend as swinging nicely, hitting retracement and bouncing/continuing the trend direction, which is also attached with the market sentiment if have been Good for the currency.
-Learn Swing/ Breakout and Price Action Strategies and even in worst cases if you enter a wrong order you can exit at small loss(no need for 50 pips, you can exit in 10-20 or even less pips)
-Do not try to predict or search for more than enough proof that a trade is good at this moment but always trade according to my Daily Signals & Analysis and your personal strategy plan for entries and exits if you do not like to wait too much for my TP targets to be hit.
- In this term, for short term strategy traders: Do not have second thoughts if you enter at a buy or sell signal because of fear it will be broken, as I said before with Gbp/Usd example which is the worst case that might happen in such a powerful high volatility market. With little focus you can Gain lot of money in the safest way possible.
The indicator is a Good Factor to add and you must enter each day retracement lines for each pair chart, for example: if Usd/Chf retracement level is at 0.9020/25 you enter 0.9020 in first line of the indicator inputs settings then enter 0.9025 in the other parameter.
Even without the indicator, simply just draw 2 lines one as 0.9020 the other as 0.9025 using your broker mt4 horizontal line tool.
Despite the indicator inserted alert setting is good to keep you ready at anytime if you are not always at your laptop or not always monitoring the market price movement.
While you are attaching the indicator to a pair chart enter the inputs setting and add the 2 parameters of the retracement level of the pair(Ret.1/Ret.2), and you can & must also enter the high/low, swing Tp targets(TP1 TP2…), breakout TP… then click Okay.
Thank You, Keep Improving…
Well, It seem you must continue reading to the last post but neglecting the advertisements and “add me too to the skype account” posts…lol
Look, in your way reading my posts if you hadn’t read my charts tips posts yet, then when you reach find there valuable answers to your questions.
Nobody on earth can tell you before hours of market reaching retracement what to do at time market price hit retracement but again mainly at first test it must bounce at least 20pips, at time of retracement hit you can at same instant discover if it’s good for buying or selling as your Swing, Breakout & Price Action Skills would help you figure that.
In this point, I do not know Why many questions here are repeated in the same or different ways?!
Why don’t you believe me Men and Ladies, I am that neglected and not heard or read well in this area of life…LOL
Such questions have Simple answer: Learn Learn Learn Swing, Breakout, & Price Action, that’s my very easy advice for you.
Look at my previous posts charts for added Tips.
Just adapt to one strategy & system(no need to be a perfect but Good strategy plan & System, nothing is perfect) you are using for trading, perfect it instead of changing it every now and then…
You can’t believe how much this is important in Forex trading. As you perfect & stick to your strategy plan & system, you will know with Price Action Skills that at this point or indicator signal or line or whatever…market price would hold or break, when to TP, when to SL or exit at small profit/loss. Certainly, not always you’ll be right, nobody is even ME…LOL But you can surely limit losses when market go suddenly unexpectedly crazy and let profits run in other normal situations.
Even with just few weeks of trading my daily signals & analysis you’ll discover how it works.
Sometimes, Short & Medium Term Signals & Analysis are as simple as buying or sell at the signal mentioned for the first and buying or selling as swing trading(trend continuation direction movement) for the latter.
But you must also be adaptable to the other minor times that suspicious market moves appear in the picture.
An important tip for Traders that as I mention that a pair/s is on a start of uptrend or downtrend(previous days was on other direction trend), you can directly enter an order at start of a trend even if retracement is not hit despite that better to wait for retracement to be target even at start of trend movement but because sometimes the start movement is too powerful that market price start fast moving in new trend direction at first hours without going to retracement to test as swing trading since this is the start initial move which mean no fall or spike had occur for market price to perform a correction which is a swing movement to then continue trend direction or maybe in few cases a breakout(mainly happen after many days of trend start not directly same day unless some surprise news come out).
Yes, the value for swing & breakout is the same because you must trade at that area which is a perfect opportunity to take a trade, this is how my strategy work which also gives you an excellent opportunity to milk more pips since you’ll not wait for 10 or 20 pips far of retracement to enter a trade but at the retracement lines from above or below the 2 lines according to your order if a buy or sell, swing or breakout…(Look at my past charts post for Clear understanding & useful tips)
Sl at 50 pips is from time or price you entered a trade which must mainly be at or very near to retracement price level.
Despite that you do not need to wait that much since you’ll discover by price action if you exit at small profit or loss as -5 to -20 max. that is nothing compared to Huge profits waiting you at TP targets if you let profits run…
Best Luck To All