Can’t tell you how excited I am to see FMM signals ready for Monday trading. Have a great week everyone
Hello Traders,
Forex Signals & Analysis for 12th March 2012:
Short Term Signals:
Usd/Chf Buy at 0.9075/80 then 0.9025/30 then 0.8975/80, sell at 0.9250/55 then 0.9285/90 then 0.9360/65
Usd/Jpy Buy at 81.45/50 then 81.00/05 then 80.50/55, sell at 83.05/10 then 83.35/40 then 84.05/10
Euro/Usd Buy at 1.3025/30 then 1.2980/85 then 1.2870/75, sell at 1.3270/75 then 1.3345/50 then 1.3415/20
Gbp/Usd Buy at 1.5585/90 then 1.5550/55 then 1.5440/45, sell at 1.5820/25 then 1.5890/95 then 1.5950/55
Medium Term Daily Analysis:
Usd/Chf This pair is on uptrend, retracement at 0.9155/65, as swing buy with Tp1 0.9250/55 Tp2 High at 0.9285/90 Tp3 0.9360/65 while as breakout sell at 0.9155/65 with Tp1 0.9075/80 Tp2 0.9025/30 Tp3 0.8975/80
Usd/Jpy This pair is on uptrend, retracement at 81.95/00, as swing buy with Tp1 High at 82.85/90 Tp2 83.05/10 Tp3 83.35/40 Tp4 84.05/10 while as breakout sell at 81.95/00 with Tp1 81.45/50 Tp2 81.00/05 Tp3 80.50/55
Euro/Usd This pair is on downtrend, retracement at 1.3160/70, as swing sell with Tp1 1.3025/30 Tp2 1.2980/85 Tp3 1.2870/75 while as breakout buy at 1.3160/70 with Tp1 1.3270/75 Tp2 1.3345/50 Tp3 1.3415/20
Gbp/Usd This pair is on downtrend, retracement at 1.5725/35, as swing sell with Tp1 low at 1.5615/20 Tp2 1.5585/90 Tp3 1.5550/55 Tp4 1.5440/45 while as breakout buy at 1.5725/35 with Tp1 1.5820/25 Tp2 1.5890/95 Tp3 High at 1.5950/55
Euro/Gbp This pair is on uptrend, retracement at 0.8360/65, as swing buy with Tp1 0.8400/05 Tp2 0.8415/20 Tp3 0.8440/45 while as breakout sell at 0.8360/65 with Tp1 0.8335/40 Tp2 0.8320/25 Tp3 0.8295/00 Tp4 low at 0.8265/70
Usd/Cad This pair is on downtrend, retracement at 0.9915/25, as swing sell with Tp1 low at 0.9860/65 Tp2 0.9840/45 Tp3 0.9805/10 while as breakout buy at 0.9915/25 with Tp1 0.9945/50 Tp2 0.9965/70 Tp3 0.9995/00
Aud/Usd This pair is on downtrend, retracement at 1.0590/00, as swing sell with Tp1 low at 1.0540/45 Tp2 1.0520/25 Tp3 1.0500/05 Tp4 1.0435/40 while as breakout buy at 1.0590/00 with Tp1 1.0655/60 Tp2 1.0695/00 Tp3 1.0735/40
Nzd/Usd This pair is on downtrend, retracement at 0.8205/15, as swing sell with Tp1 0.8160/65 Tp2 low at 0.8140/45 Tp3 0.8090/95 while as breakout buy at 0.8205/15 with Tp1 0.8275/80 Tp2 0.8310/15 Tp3 0.8340/45
Euro/Chf This pair is moving sideways, buy at 1.2055 with Tp1 1.2060 Tp2 1.2065 Tp3 1.2070/75 Tp4 High at 1.2080/85 while sell at 1.2055 with Tp1 !.2045/50 Tp2 1.2040/45 Tp3 low at 1.2035/40
Gbp/Chf This pair is mixed, squeezed today bt. resistance and support, we’ll trade it as breakouts, buy at 1.4415/20 with Tp1 1.4455/60 Tp2 1.4480/85 Tp3 1.4520/25 while sell at 1.4385/90 with Tp1 1.4340/45 Tp2 1.4310/15 Tp3 1.4265/70
Euro/Jpy This pair is on uptrend, retracement at 107.75/85, as swing buy with Tp1 Tp1 108.30/35 Tp2 109.10/15 Tp3 109.60/65 while as breakout sell at 107.75/85 with Tp1 107.50/55 Tp2 107.20/25 Tp3 106.75/80
Gbp/Jpy This pair is on uptrend, retracement at 128.75/85, as swing buy with Tp1 129.95/00 Tp2 130.30/35 Tp3 130.85/90 while as breakout sell at 128.75/85 with Tp1 128.40/45 Tp2 128.05/10 Tp3 127.50/55
Gold is trying to base on uptrend above 1709/10 targetting Tp1 1731/32 Tp2 1739/40 Tp3 1764/65 while as breakout sell at 1709/10 with Tp1 1679/80 Tp2 1663/64 Tp3 1650/51
Oil is on uptrend, retracement at 106.90/95, as swing buy with Tp1 108.70/75 Tp2 109.30/35 Tp3 110.45/50 while as breakout sell at 106.90/95 with Tp1 105.85/90 Tp2 105.10/15 Tp3 104.15/20
***No Tradable News Releases today, but a summary for this week shows a Very Important News Release awaited by Traders that’s the SNB Monetary Policy on Thursday 15th March which will be the main attention with Wednesday March 14th Fed Chairman Ben Bernanke Talks that comes after FOMC Statement on Tuesday 13th March…
Certainly, there will be other news releases that might effect the market this week as BOJ Monetary Policy, some minor news releases for some currencies and especially news about the EuroZone Countries Debt Problems and bailouts that might appear suddenly…
Have A Great Trading Day
That’s the right way to do it. As I suggested, when Tp1 is hit it must be turned to breakeven as market price run toward Tp2 and same for Tp3.
In Friday Gbp/Usd situation, it was right to keep Tp2 as Tp breakeven waiting for Tp3 to be hit but it was also very clear that Tp3 will not be hit since sterling found strong support vs. dollar bt. 1.5660/70, this is why it was wise to take profit at that area and as general in such situations when many many candles test a zone and can’t break it.
This is the Attitude of Optimism and Confidence a Trader must have which will help in the overall trading success…
Well Done, Keep Learning & Improving…
custom indicator is Very good idea thank you .
I throw a look on the code I 've seen the following parameters retracement,highlow,swing and break declared as string and you tried to convert them to double, I suppose that’s the reason why there is no line in the chart .
could you please explain your view about it ?
Thanks again.
Guys you don’t need a custom indicator, simply draw the lines on your chart and watch the price when it gets there.
Listen to everything FMM says and you’ll be fine.
Please come down - you’re overdoing it by now. Take a close look at the Zulutrade signal provider accounts - how do you know that these are run by FMM? In one account EUR/CAD is traded - he doesn’t provide signals for that pair. Apart from that, both providers are from different countries, Israel and Lebanon. So how does this fit together?
Hello Traders,
Forex Signals & Analysis for 13th March 2012:
Short Term Signals:
Usd/Chf Buy at 0.9140/45 then 0.9125/30 then 0.9090/95, sell at 0.9215/20 then 0.9235/40 then 0.9260/65
Usd/Jpy Buy at 82.00/05 then 81.85/90 then 81.65/70, sell at 82.55/60 then 82.70/75 then 82.90/95
Euro/Usd Buy at 1.3075/80 then 1.3045/50 then 1.3015/20, sell at 1.3185/90 then 1.3205/10 then 1.3255/60
Gbp/Usd Buy at 1.5575/80 then 1.5550/55 then 1.5500/05, sell at 1.5700/05 then 1.5735/40 then 1.5775/80
Medium Term Daily Analysis:
Usd/chf This pair is on uptrend, retracement at 0.9155/65, as swing buy with Tp1 0.9215/20 Tp2 0.9235/40 Tp3 High 0.9260/70 while as breakout sell at 0.9155/65 with Tp1 0.9140/45 Tp2 0.9125/30 Tp3 0.9090/95
Usd/Jpy This pair is on uptrend, retracement at 82.00/05, as swing buy with Tp1 82.50/55 Tp2 82.70/75 Tp3 High at 82.90/95 while as breakout sell at 82.00/05 with Tp1 81.85/90 Tp2 81.65/70 Tp3 81.45/50
Euro/Usd This pair is on downtrend, retracement at 1.3155/65, as swing sell with Tp1 1.3075/80 Tp2 1.3045/50 Tp3 low at 1.3010/20 while as breakout buy at 1.3255/65 with Tp1 1.3185/90 Tp2 1.3205/10 Tp3 1.3255/60
Gbp/Usd This pair is on downtrend, retracement at 1.5680/85, as swing sell with Tp1 low at 1.5600/05 Tp2 1.5575/80 Tp3 1.5550/55 Tp4 1.5500/05 while as breakout sell at 1.5680/85 with Tp1 1.5700/05 Tp2 1.5735/40 Tp3 1.5775/80
Euro/Gbp This pair is on uptrend, retracement at 0.8385/90, as swing buy with Tp1 0.8440/45 Tp2 0.8455/60 Tp3 0.8495/00, while as breakout sell at 0.8385/90 with Tp1 0.8350/55 Tp2 0.8325/30 Tp3 0.8300/05
Usd/Cad This pair is mixed but still favoring downtrend, sell at retracement 0.9925/30 with Tp1 0.9890/95 Tp2 0.9870/75 Tp3 low at 0.9850/60 while buy at 0.9925/30 with Tp1 0.9955/60 Tp2 0.9970/75 Tp3 0.9995/00
Aud/Usd This pair is on downtrend, retracement at 1.0550/60, as swing sell with Tp1 low at 1.0500/05 Tp2 1.0445/50 Tp3 1.0415/20 Tp4 1.0360/65 while as breakout buy at 1.0550/60 with Tp1 1.0585/90 Tp2 1.0620/25 Tp3 1.0665/70
Nzd/Usd This pair is on downtrend, retracement at 0.8195/00, as swing sell with Tp1 low at 0.8125/35 Tp2 0.8105/10 Tp3 0.8080/85 while as breakout buy at 0.8195/00 with Tp1 0.8215/20 Tp2 0.8235/40 Tp3 0.8270/75 Tp4 0.8290/95
Euro/Chf This pair is moving sideways, buy at 1.2055 with Tp1 1.2060/65 Tp2 1.2070 Tp3 High at 1.2075/80 while sell at 1.2050 with Tp1 1.2040/45 Tp2 low at 1.2035/40
Gbp/Chf This pair is on downtrend, retracement at 1.4365/75, as swing sell with Tp1 1.4275/80 Tp2 1.4250/55 Tp3 low at 1.4175/80 while as breakout buy at 1.4365/75 with Tp1 1.4430/35 Tp2 1.4480/85 Tp3 1.4520/25
Euro/Jpy This pair is on uptrend, retracement at 107.90/00, as swing buy with Tp1 108.60/65 Tp2 108.75/80 Tp3 109.25/30 while as breakout sell at 107.90/00 with Tp1 107.50/55 Tp2 107.20/25 Tp3 106.90/95
Gbp/Jpy This pair is mixed but favoring uptrend, retracement at 128.60/70, as swing buy with Tp1 129.45/50 Tp2 129.85/90 Tp3 130.40/45 while as breakout sell at 128.60/70 with Tp1 127.90/95 Tp2 127.55/60 Tp3 126.95/00
Gold is mixed but favoring downtrend, retracement at 1701/02, as swing sell with Tp1 1686/87 Tp2 1679/80 Tp3 1666/67 Tp4 low at 1661/62 while as breakout buy at 1701/02 with Tp1 1718/19 Tp2 1727/28 Tp3 1738/39 Tp4 1744/45
Oil is on downtrend, retracement at 106.60/70, as swing sell with Tp1 105.05/10 Tp2 104.30/35 Tp3 103.30/35 while as breakout buy at 106.60/70 with Tp1 107.90/95 Tp2 108.55/60 Tp3 109.60/65
We have Important News Releases today for the Yen, Euro, & Dollar Currencies:
-
JPY Monetary Policy and rate decision: Buy Usd/Jpy EuroJpy Gbp/Jpy if rate is kept less than 0.10% and statement is dovish while sell if raised to 0.25% and statement is hawkish
-
Euro ECB President Mario Draghi will talk today which will directly effect the Euro currency besides also EU German Economic Sentiment: Buy Euro/Usd if 12 or better while sell if 3 or lower
-
US Core Retail Sales & Retail Sales: Buy Usd/Chf & Usd/Jpy if 1.0% or better for the first and 1.3% or better for the second while Buy Euro/Usd & Gbp/Usd if 0.5% or lower for the first and 0.8% or lower for the second
-
FOMC Statement: Buy Usd/Chf & Usd/Jpy if statement is Hawkish(no mention of further QE or/& hints of possible raise of rates before 2014) while Buy Euro/Usd & Gbp/Usd if statement is Dovish(Hints of further QE and stick to past decision of fixed low rates till 2014)
Have A Great Trading Day
Hi FMM, possible typo there? should be 3155/65?
Hi Carrotop yeah fairly safe to say typo, same retracement for retracement sell and breakout buy.
Good luck trading
Hi FMM and everyone,
Very quick early weekly update from me trading FMM’s daily signals live;
Monday, don’t trade Mondays as I like to have long weekends and Mondays are usually quite slow for the pairs so I left it alone.
Today, made 150pips by dinner time (UK 1300GMT) and knew high impact news for the USD could affect things as said in FMM’s news part of his daily analysis so locked my profits in nice and tight at TP2 for EURUSD and USDCHF nice and easy no stress.
Now I know I could have given them more room and let them run to TP3 BUT the sun is shining and I like finishing early for the day.
So stopped out for 150pips up, my weekly target is 250 and I’m more than half way there so very happy.
Quick note to FMM thankyou again for such detailed analysis, especially in the news aspect, really very helpful. If you’re ever over in the UK give me a shout and I’ll buy you some beers 
Any newbies reading my live results in FMM’s signals, keep reading everything FMM puts out starting with page1 on this thread and read astocks’ word docs too of FMM’s posts.
Hope you all had a great day
James
Hi,
I came accross your thread and find it interesting.Will be testing your theory and follow your posts.
Jacques
Hey, where can i find astock’s word docs?
Results 12.03.
USD/CHF
Signal: This pair is on uptrend, retracement at 0.9155/65, as swing buy with Tp1 0.9250/55 Tp2 High at 0.9285/90 Tp3 0.9360/65 while as breakout sell at 0.9155/65 with Tp1 0.9075/80 Tp2 0.9025/30 Tp3 0.8975/80
Trade: no trade
USD/JPY
Signal: This pair is on uptrend, retracement at 81.95/00, as swing buy with Tp1 High at 82.85/90 Tp2 83.05/10 Tp3 83.35/40 Tp4 84.05/10 while as breakout sell at 81.95/00 with Tp1 81.45/50 Tp2 81.00/05 Tp3 80.50/55
Trade: no trade
EUR/USD
Signal: This pair is on downtrend, retracement at 1.3160/70, as swing sell with Tp1 1.3025/30 Tp2 1.2980/85 Tp3 1.2870/75 while as breakout buy at 1.3160/70 with Tp1 1.3270/75 Tp2 1.3345/50 Tp3 1.3415/20
Trade: no trade
GBP/USD
Signal: This pair is on downtrend, retracement at 1.5725/35, as swing sell with Tp1 low at 1.5615/20 Tp2 1.5585/90 Tp3 1.5550/55 Tp4 1.5440/45 while as breakout buy at 1.5725/35 with Tp1 1.5820/25 Tp2 1.5890/95 Tp3 High at 1.5950/55
Trade: no trade
USD/CAD
Signal: This pair is on downtrend, retracement at 0.9915/25, as swing sell with Tp1 low at 0.9860/65 Tp2 0.9840/45 Tp3 0.9805/10 while as breakout buy at 0.9915/25 with Tp1 0.9945/50 Tp2 0.9965/70 Tp3 0.9995/00
Trade: Two trades
- Short with breaking to the downside for a max move of 20 pips, so rather a break even trade.
- Long with breaking to the upside and hitting TP1 (in a spike) for a profit of +20 pips.
Overall: +20 pips
NZD/USD
Signal: This pair is on downtrend, retracement at 0.8205/15, as swing sell with Tp1 0.8160/65 Tp2 low at 0.8140/45 Tp3 0.8090/95 while as breakout buy at 0.8205/15 with Tp1 0.8275/80 Tp2 0.8310/15 Tp3 0.8340/45
Trade: no trade
EUR/CHF
Signal: This pair is moving sideways, buy at 1.2055 with Tp1 1.2060 Tp2 1.2065 Tp3 1.2070/75 Tp4 High at 1.2080/85 while sell at 1.2055 with Tp1 !.2045/50 Tp2 1.2040/45 Tp3 low at 1.2035/40
Trade: Several opportunities to go short or long but we saw this rate going up and down the 1.2055 level without finding any clear direction. No matter which direction one would have gone, there was always a chance to get out with no win/loss, so I don’t count any for this pair.
GBP/CHF
Signal: This pair is mixed, squeezed today bt. resistance and support, we’ll trade it as breakouts, buy at 1.4415/20 with Tp1 1.4455/60 Tp2 1.4480/85 Tp3 1.4520/25 while sell at 1.4385/90 with Tp1 1.4340/45 Tp2 1.4310/15 Tp3 1.4265/70
Trade: Two trades
- Long with breaking to the upside but only for a move of slightly over 10 pips, so rather a loss trade for –10 pips.
- Short with breaking to the downside and hitting TP1 for a profit of +40 pips.
Overall: +30 pips
EUR/GBP
Signal: This pair is on uptrend, retracement at 0.8360/65, as swing buy with Tp1 0.8400/05 Tp2 0.8415/20 Tp3 0.8440/45 while as breakout sell at 0.8360/65 with Tp1 0.8335/40 Tp2 0.8320/25 Tp3 0.8295/00 Tp4 low at 0.8265/70
Trade: Two trades
- Short with breaking to the downside but only for a move of max 10 pips, so rather a loss trade for –10 pips.
- Long with breaking to the upside and hitting TP2 for a profit of +50 pips.
Overall: +40 pips
AUD/USD
Signal: This pair is on downtrend, retracement at 1.0590/00, as swing sell with Tp1 low at 1.0540/45 Tp2 1.0520/25 Tp3 1.0500/05 Tp4 1.0435/40 while as breakout buy at 1.0590/00 with Tp1 1.0655/60 Tp2 1.0695/00 Tp3 1.0735/40
Trade: No trade
EUR/JPY
Signal: This pair is on uptrend, retracement at 107.75/85, as swing buy with Tp1 Tp1 108.30/35 Tp2 109.10/15 Tp3 109.60/65 while as breakout sell at 107.75/85 with Tp1 107.50/55 Tp2 107.20/25 Tp3 106.75/80
Trade: Two trades
- Three chances to go short with breaking to the downside and hitting TP1 for a profit of +20 pips.
- Long with breaking to the upside and hitting TP1 for a profit of +50 pips.
Overall: +70 pips
GBP/JPY
Signal: This pair is on uptrend, retracement at 128.75/85, as swing buy with Tp1 129.95/00 Tp2 130.30/35 Tp3 130.85/90 while as breakout sell at 128.75/85 with Tp1 128.40/45 Tp2 128.05/10 Tp3 127.50/55
Trade: Three trades
- Lshort with breaking to the downside but only for a couple of pips, so rather a loss trade for –10 pips.
- Long with breaking to the upside for a move of max 35 pips, so I count a profit of +10 pips.
- Short with breaking to the downside and hitting TP1 for a profit of +30 pips.
Overall: +30 pips
Valid trades:
USD/CHF = no trade
USD/JPY = no trade
EUR/USD = no trade
GBP/USD = no trade
USD/CAD = +20 pips
NZD/USD = no trade
EUR/CHF = 0 pips
GBP/CHF = +30 pips
EUR/GBP = +40 pips
AUD/USD = no trade
EUR/JPY = +70 pips
GBP/JPY = +30 pips
Result for today: +190 pips
March: +3.040 pips
Hi FMM,
I’m new to the Babypips community and just came across your signals, they seem great! Sorry if these questions have been asked before but i’m just curious how you find these entry points and when you mention “for the 13th of March” what time zone does this refer to? Is it GMT 0?
Keep up the good work!
Hi Fible
I might be able to help as FMM is incredibly busy, 13th of March just go off GMT it’s what I work from.
As far as how he calculates them, please concentrate on how to trade the strategy and do that by starting at pg1 and keep learning.
I’m a newbie too but I am trading these signals very well, good luck.
One last thought for you or anyone else, these questions have been asked a lot of times just use the search function in this thread.
Hello Traders,
Forex Signals & Analysis for 14th March 2012:
Short Term Signals:
Usd/Chf Buy at 0.9140/45 then 0.9095/00 then 0.9055/60, sell at 0.9285/90 then 0.9310/15 then 0.9380/85
Usd/Jpy Buy at 81.95/00 then 81.50/55 then 81.05/10, sell at 83.45/50 then 83.75/80 then 84.40/45
Euro/Usd Buy at 1.3000/05 then 1.2965/70 then 1.2880/85, sell at 1.3190/95 then 1.3245/50 then 1.3300/05
Gbp/Usd Buy at 1.5605/10 then 1.5560/65 then 1.5505/10, sell at 1.5780/85 then 1.5815/20 then 1.5885/90
Medium Term Daily Analysis:
Usd/Chf This pair is on uptrend, retracement at 0.9190/00, as swing buy with Tp1 High at 0.9285/90 Tp2 0.9310/15 Tp3 0.9380/85, while as breakout buy at 0.9190/00 with Tp1 0.9140/45 Tp2 0.9095/00 Tp3 0.9055/60
Usd/Jpy This pair is on uptrend, retracement at 82.45/50, as swing buy with Tp1 High at 83.15/20 Tp2 83.45/50 Tp3 83.75/80 Tp4 84.40/45 while as breakout sell at 82.45/50 with Tp1 81.95/00 Tp2 81.50/55 Tp3 81.05/10
Euro/Usd This pair is on downtrend, retracement at 1.3115/25, as swing sell with Tp1 low at 1.3000/05 Tp2 1.2965/70 Tp3 1.2880/85 while as breakout buy at 1.3115/25 with Tp1 1.3190/95 Tp2 1.3245/50 Tp3 1.3300/05
Gbp/Usd This pair is on downtrend, retracement at 1.5705/15, as swing sell with Tp1 low at 1.5605/10 Tp1 1.5560/65 Tp2 1.5560/65 Tp3 1.5505/10 while as breakout buy at 1.5705/15 with Tp1 1.5780/85 Tp2 1.5815/20 Tp3 1.5885/90
Euro/Gbp This pair is on downtrend, retracement at 0.8350/55, as swing sell with Tp1 0.8275/80 Tp2 low at 0.8255/65 Tp3 0.8190/95 while as breakout buy at 0.8350/55 with Tp1 0.8415/20 Tp2 0.8455/60 Tp3 High at 0.8490/95
Usd/cad This pair is on downtrend, retracement at 0.9900/10, as swing sell with Tp1 0.9860/65 Tp2 low at 0.9850/55 Tp3 0.9820/25 while as breakout buy at 0.9900/10 with Tp1 0.9920/25 Tp2 0.9940/45 Tp3 0.9955/60
Aud/Usd This pair is on downtrend, retracement at 1.0550/60, as swing sell with Tp1 low at 1.0490/95 Tp2 1.0475/80 Tp3 1.0450/55 Tp4 1.0415/20 while as breakout buy at 1.0550/60 with Tp1 1.0580/85 Tp2 1.0600/05 Tp3 1.0645/50
Nzd/Usd This pair is on downtrend, retracement at 0.8225/30, as swing sell with Tp1 0.8170/75 Tp2 0.8145/50 Tp3 low at 0.8115/20 while as breakout buy at 0.8225/30 with Tp1 0.8260/65 Tp2 0.8280/85 Tp3 0.8315/20
Euro/Chf This pair is moving sideways with uptrend basis today, retracement at 1.2065/70, as swing buy with Tp1 High at 1.2085/90 Tp2 1.2095/00 Tp3 1.2110/15 while as breakout sell at 1.2065/70 with Tp1 1.2050/55 Tp2 1.2040/45 Tp3 low at 1.2030/35
Gbp/Chf This pair is on uptrend, retracement at 1.4445/55, as swing buy with Tp1 1.4590/95 Tp2 High at 1.4630/35 Tp3 1.4760/65 while as breakout sell at 1.4445/55 with Tp1 1.4325/30 Tp2 1.4240/45 Tp3 1.4175/80
Euro/Jpy This pair is on uptrend, retracement at 108.10/20, as swing buy with Tp1 108.90/95 Tp2 109.15/20 Tp3 109.60/65 while as breakout sell at 108.10/20 with Tp1 107.75/80 Tp2 107.45/50 Tp3 107.05/10
Gbp/Jpy This pair is on uptrend, retracement at 129.45/55, as swing buy with Tp1 High at 131.20/25 Tp2 131.70/75 Tp3 133.00/10 while as breakout sell at 129.45/55 with Tp1 128.30/35 Tp2 127.45/50 Tp3 126.65/70
Gold is on downtrend, retracement at 1683/84, as swing sell with Tp1 low at 1649/50 Tp2 1636/37 Tp3 1611/12 while as breakout buy at 1683/84 with Tp1 1707/08 Tp2 1724/25 Tp3 1742/43
Oil is mixed today, will trade as breakouts, buy at 106.75/80 with Tp1 107.70/75 Tp2 108.25/30 Tp3 109.15/20 while sell at 106.50/55 with Tp1 105.45/50 Tp2 104.80/85 Tp3 104.05/10
We have Important News Releases today for the Sterling & Dollar Currencies:
-
UK Claimant Count Change: Buy Gbp/Usd if 5K or better while sell if 8K or worse
-
US Fed Chairman Ben Bernanke Talks today, so keep focus what will Bernanke say if a continuation of last time leaving QE far away from his speech and have anything new to say regarding latest US economical news releases numbers especially recent NFP.
Have A Great Trading Day
Man do you even read? You dont realize it, but you are beating a dead horse. Take it upon yourself to learn trading. Your question is simple enough but do yourself a favor and read if you are jumping into the middle of a thread, you wont miss out on anything by taking a day or two to read something that interests you. The point of this thread is key levels to watch.