Hi LF, i nearly thought this, you already reached your quote. Hope you had a relaxing weekend. see you 
Yeah see you in the room either tomorrow or more likely Tuesday morning. Don’t like trading Mondays normally
Once again just want to publicly thank FMM for his daily analysis and continued support to all of us traders.
Looking forward to more this week, I love it
Today, I’ll be posting 3 Charts for a more clear view so I do not squeeze the chart and candles not look smaller, 2 charts for Euro/Usd showing Swing then breakout views, and 1 Gbp/Usd Chart showing both views/
All charts are from Friday 16th March 2012 Trading day and 5 Min. Charts We use to determine Entry/Exit for the Medium Term Daily Analysis Strategy.
Certainly, other pairs had Good Opportunities too but I preferred both pairs mentioned because are the most traded in the market and with high volatility.
In between, Pardon me Traders for some typing mistakes attached to speed typing… as for the Euro/Usd pair retracement is surely not 1.2085/90 but 1.3085/90, I think any trader must had discovered what are the real values of such typing mistakes… “Hopefully”.
An additional Tip I’ll like to give you Traders is look for Correlation bt. pairs to give an additional help for Entry/Exit.
For Example Euro/Usd & Gbp/Usd Correlate Positively while Usd/Chf & Euro/Usd Correlate negatively.
So, as Euro/Usd hit daily retracement Gbp/Usd must be doing the same, if first going up second must be going up, same for downward movement, while if Usd/Chf is going up Euro/Usd must be going down and both must be hitting retracement nearly at same time.
Any break of this formula/equation must be a first signal that something is going wrong for you to take Cautiousness.
As if Usd/Chf & Euro/Usd are both going up, then in a short time one of both must correct its movement and go back to correlation(opposite movement), while if Euro/Usd going up but Gbp/Usd going down then one of both must correct the movement to again move positively correlated, as Gbp/Usd following Euro/Usd by going up or Euro/Usd following Gbp/Usd down movement.
Now to the Charts:
This chart show you the first test and swing sell entry for the Euro/Usd pair, also shows you that price action did not give you a clear exit signal because it did not mark a higher low after the Higher High breakout candles. But the Higher Low appeared below the lower retracement line, that mean you do not exit your swing sell order entry.
This second chart for Euro/Usd show you the Clear Exit around 1.3050 Psychological level that was near the low of the day(1.3048), that show a divergence bt. the chart Horizontal line of double support at exit level and the trendline drawn of all indicators RSI, Stoch, CCI, showing divergence and second wave bottom support(chart support line first “exit”)basing above the 50 RSI level, basing above the Stoch 20 level and basing above CCI lower line.
While if did not exit at first exit signal or at retracement(before breakout bullish candle since you trade only first test of retracement for swing trade), the second exit signal was the worst possible place to exit if you are trading right but giving the market more time and space to move which could had resulted in maximum - 20/25 pips if exit at 2nd Exit.
This Euro/Usd breakout is not tradable according to my strategy rules since the bullish candle was big and fast with no retest of retracement to confirm the breakout but I showed a possible entry named “3” for Traders who want to trade such moves as a price action possible trade, still a trading opportunity despite not related to my strategy, but just an additional trading tip if you like to use sometime…
This Gbp/Usd Chart show you the Swing Entry with a possible exit at 3 confirming signals by the 3 indicators despite TP was too small but compatible with the day low.
I understand Most Traders would not have exit there, but the best exit afterwards was at the big circle drawn showing too much tight movement at and slightly testing above the upper retracement line while the big bullish candle appeared open obviously above the upper ret. line that was another more clear signal to exit fast at open of that candle(or close of previous candle). The worst possible exit was at the “1” exit which is nearly our SL 50 pips(if you had entered a sell swing trade at 1.5725 not 1.5735 or in bt.).
Possible Buy order entry despite not traded according to my strategy rule because the big bullish candle did not retest retracement to confirm breakout but can be traded as general trading opportunity if you like such trading style…
Yesterday & Today Charts are the very conflicting situations that Traders face sometimes in the market which do not move smoothly or normally or respecting trend movement but mostly consolidating which is as you know the most difficult way to trade forex and my signals and analysis since the latter is best traded when market is moving in a Nice Swing Movement and Good Volatility even if sometimes with breakout appearing that we surely trade too but if there’s a confirmation of the breakout(not as both Euro/Usd & Gbp/Usd breakouts at past friday) and most importantly is Good volatility and no sudden spikes due to some news release or whatever reason out of the market normal movement.
I advice you traders in such situations as market price moving a lot around the retracement level with many 5 minute candles to keep cautious not risk a lot of pips as for the Gbp/Usd spike came in a consistent motion, so it was not bad to exit(if you hadn’t yet!) at start of the big bullish candle or worst quickly at middle road/spike of that candle when it was clear that volatility was very high after formation of many small candles…
I ask Traders who have any Good Questions about my Strategy to ask me freely do not feel shy but at same time, let your questions be specific and if you can post it with a chart would be better, asking me like at this point what was best to do, or did I go wrong exiting here or entering the market here… Be Specific as much as possible so I can help you at best…
Best Luck For All
Printing these examples off now FMM thankyou again this all really helps.
Let’s all have a great trading week
Hello Traders,
Forex Signals & Analysis for 19th March 2012:
Short Term Signals:
Usd/Chf Buy at 0.9100/05 then 0.9080/85 then 0.9015/20, sell at 0.9245/50 then 0.9285/90 then 0.9320/25
Usd/Jpy Buy at 82.95/00 then 82.75/80 then 82.30/35, sell at 83.95/00 then 84.25/30 then 84.60/65
Euro/Usd Buy at 1.3050/55 then 1,2995/00 then 1.2945/50, sell at 1.3240/45 then 1.3270/75 then 1.3360/65
Gbp/Usd Buy at 1.5695/00 then 1.5630/35 then 1.5570/75, sell at 1.5925/30 then 1.5965/70 then 1.6070/75
Medium Term Daily Analysis:
Usd/Chf This pair basing on downtrend today, if bases below retracement at 0.9185/90, as swing sell with Tp1 0.9100/05 Tp2 0.9080/85 Tp3 0.9015/20, while as breakout buy at 0.9185/90 with Tp1 0.9245/50 Tp2 0.9285/90 Tp3 High at 0.9320/25
Usd/Jpy This pair is on uptrend, retracement at 83.30/35, as swing buy with Tp1 High at 83.95/05 Tp2 84.25/30 Tp3 84.60/65 while as breakout sell at 83.30/35 with Tp1 82.95/00 Tp2 82.75/80 Tp3 82.30/35
Euro/Usd This pair is on uptrend today, if bases above retracement at 1.3130/40, as swing buy with Tp1 1.3240/45 Tp2 1.3270/75 Tp3 1.3360/65, while as breakout sell at 1.3130/40 with Tp1 1.3050/55 Tp2 low at 1.2995/00 Tp3 1.2945/50
Gbp/Usd This pair is on uptrend today , retracement at 1.5775/85, as swing buy with Tp1 1.5925/30 Tp2 High at 1.5965/70 Tp3 1.6070/75 while as breakout sell at 1.5775/85 with Tp1 1.5695/00 Tp2 1.5630/35 Tp3 1.5570/75
Euro/Gbp This pair is on donwtrend, retracement at 0.8320/25, as swing sell with Tp1 0.8285/90 Tp2 0.8270/75 Tp3 low at 0.8250/60 while as breakout buy at 0.8320/25 with Tp1 0.8335/40 Tp2 0.8350/55 Tp3 0.8365/70
Usd/Cad This pair is on downtrend, retracement at 0.9915/20, as swing sell with Tp1 0.9890/95 Tp2 0.9875/80 Tp3 low at 0.9855/60, while as breakout sell 0.9915/20 with Tp1 0.9945/50 Tp2 0.9960/65 Tp3 0.9975/80
Aud/Usd This pair is on uptrend today, retracement at 1.0560/70, as swing buy with Tp1 1.0630/35 Tp2 1.0650/55 Tp3 1.0705/10 while as breakout sell at 1.0560/70 with Tp1 1.0520/25 Tp2 1.0475/80 Tp3 1.0440/45
Nzd/Usd This pair is on uptrend today, retracement at 0.8220/30, as swing buy with Tp1 0.8265/70 Tp2 0.8305/10 Tp3 0.8355/60 while as breakout sell at 0.8220/30 with Tp1 0.8175/80 Tp2 0.8145/50 Tp3 0.8110/15
Euro/Chf This pair is moving sideways, buy at 1.2070/75 with Tp1 1.2080 Tp2 1.2090 Tp3 1.2095/00 while sell at 1.2060 with Tp1 1.2045/50 Tp2 1.2040/45 Tp3 low at 1.2025/30
Gbp/Chf This pair is on uptrend, retracement at 1.4490/00, as swing buy with Tp1 1.4550/55 Tp2 1.4575/80 Tp3 1.4600/05 while as breakout sell at 1.4490/00 with Tp1 1.4460/65 Tp2 1.4445/50 Tp3 1.4405/10
Euro/Jpy This pair is on uptrend, retracement at 109.40/50, as swing buy with Tp1 High at 110.35/40 Tp2 110.55/60 Tp3 111.20/25 while as breakout sell at 109.40/50 with Tp1 109.05/10 Tp2 108.65/70 Tp3 108.30/35
Gbp/Jpy This pair is on uptrend, retracement at 131.40/50, as swing buy with Tp1 High at 132.60/65 Tp2 132.95/00 Tp3 133.35/40 Tp4 134.25/30 while as breakout sell at 131.40/50 with Tp1 130.85/90 Tp2 130.25/30 Tp3 129.65/70
Gold This pair is on downtrend, retracement at 1661/62, as swing sell with Tp1 1639/40 Tp2 1629/30 Tp3 low at 1619/20 while as breakout buy at 1661/62 with Tp1 1673/74 Tp2 1679/80 Tp3 1694/95
Oil This pair is on uptrend, retracement at 106.40/45, as swing buy with Tp1 108.25/30 Tp2 108.75/80 Tp3 109.15/20 while as breakout sell at 106.40/45 with Tp1 105.25/30 Tp2 104.60/65 Tp3 104.25/30
Have A Great Trading Day & A Happy Saint Joseph Day
Thanks FMM, your charts ( candles ) bringing a bright light in my dark trader life - just kidding 
very helpfull - great stuff
kindest regards
[QUOTE=ForexMoneyMaker;333122]Today, I’ll be posting 3 Charts for a more clear view so I do not squeeze the chart and candles not look smaller, 2 charts for Euro/Usd showing Swing then breakout views, and 1 Gbp/Usd Chart showing both views/
All charts are from Friday 16th March 2012 Trading day and 5 Min. Charts We use to determine Entry/Exit for the Medium Term Daily Analysis Strategy.
Hello Traders,
Forex Signals & Analysis for 20th March 2012:
Short Term Signals:
Usd/Chf Buy at 0.9060/65 then 0.9040/45 then 0.8990/95, sell at 0.9180/85 then 0.9210/15 then 0.9245/50
Usd/Jpy Buy at 82.95/00 then 82.75/80 then 82.50/55, sell at 83.70/75 then 83.85/90 then 84.15/20
Euro/Usd Buy at 1.3135/40 then 1.3090/95 then 1.3035/40, sell at 1.3305/10 then 1.3335/40 then 1.3410/15
Gbp/Usd Buy at 1.5815/20 then 1.5780/85 then 1.5740/45, sell at 1.5940/45 then 1.5965/70 then 1.6020/25
Medium Term Daily Analysis:
Usd/Chf This pair is on downtrend, retracement at 0.9150/60, as swing sell with Tp1 0.9060/65 Tp2 0.9040/45 Tp3 0.8990/95 while as breakout buy at 0.9150/60 with Tp1 0.9180/85 Tp2 0.9210/15 Tp3 0.9245/50
Usd/Jpy This pair is on uptrend, retracement at 83.30/35, as swing buy with Tp1 83.70/75 Tp2 83.85/90 Tp3 High at 84.15/20 while as breakout sell at 83.30/35 with Tp1 82.95/00 Tp2 82.75/80 Tp3 82.50/55
Euro/Usd This pair is on uptrend, retracement at 1.3180/90, as swing buy with Tp1 1.3305/10 Tp2 1.3335/40 Tp3 1.3410/15, while as breakout sell at 1.3180/90 with Tp1 1.3135/40 Tp2 1.3090/95 Tp3 1.3035/40
Gbp/Usd This pair is on uptrend, retracement at 1.5830/40, as swing buy with Tp1 1.5940/45 Tp2 High at 1.5965/70 Tp3 1.6020/25 while as breakout sell at 1.5830/40 with Tp1 1.5815/20 Tp2 1.5780/85 Tp3 1.5740/45
Euro/Gbp This pair is on downtrend, retracement at 0.8345/50, as swing sell with Tp1 0.8280/85 Tp2 low at 0.8255/60 Tp3 0.8230/35 while as breakout buy at 0.8345/50 with Tp1 0.8360/65 Tp2 0.8375/80 Tp3 0.8410/15
Usd/Cad This pair is on downtrend, retracement at 0.9890/00, as swing sell with Tp1 low at 0.9830/35 Tp2 0.9815/20 Tp3 0.9770/75 while as breakout buy at 0.9890/00 wiht Tp1 0.9925/30 Tp3 0.9955/60 Tp3 0.9880/85
Aud/Usd This pair is on uptrend, retracement at 1.0580/90, as swing buy with Tp1 1.0655/60 Tp2 1.0680/85 Tp3 1.0725/30 while as breakout sell at 1.0580/90 with Tp1 1.0550/55 Tp2 1.0520/25 Tp3 1.0485/90
Nzd/Usd This pair is on uptrend, retracement at 0.8235/40, as swing buy with Tp1 0.8295/00 Tp2 0.8310/15 Tp3 0.8340/45 while as breakout sell at 0.8235/40 with Tp1 0.8220/25 Tp2 0.8205/10 Tp3 0.8175/80
Euro/Chf This pair is moving sideways, Buy at 1.2070 with Tp1 1.2075 Tp2 1.2080 Tp3 High at 1.2090/95 while sell at 1.2060 with Tp1 1.2055 Tp2 1.2050 Tp3 1.2045
Gbp/Chf This pair is on uptrend, retracement at 1.4450/60, as swing buy with Tp1 1.4565/70 Tp2 High at 1.4610/15 Tp3 1.4655/60 while as breakout sell at 1.4450/60 with Tp 1.4415/20 Tp2 1.4385/90 Tp3 1.4315/20
Euro/Jpy This pair is on uptrend, retracement at 109.80/90, as swing buy with Tp1 High at 110.60/65 Tp2 111.10/15 Tp3 111.40/45 Tp4 112.25/30 while as breakout sell at 109.80/90 with Tp1 109.20/25 Tp2 108.65/70 Tp3 108.10/15
Gbp/Jpy This pair is on uptrend, retracement at 131.80/90, as swing buy with Tp1 High at 133.05/15 Tp2 133.40/45 Tp3 134.15/20 while as breakout sell at 131.80/90 with Tp1 131.45/50 Tp2 130.95/00 Tp3 130.50/55
Gold is on downtrend, retracement at 1663/64, as swing sell with Tp1 1650/51 Tp2 1644/45 Tp3 1638/39 Tp4 low at 1618/19 while as breakout buy at 16663/64 with Tp1 1674/75 Tp2 1679/80 Tp3 1689/90
Oil is on uptrend, retracement at 107.10/15, as swing buy wiht Tp1 108.75/80 Tp2 High at 109.25/30 Tp3 110.25/30, while as breakout sell at 107.10/15 with Tp1 106.45/50 Tp2 105.75/80 Tp3 105.10/15
We have Important News Releases today for the Aussie, Sterling & Dollar Currencies:
-
AUD Monetary Policy Meeting Minutes: Buy Aud/Usd if statement is Hawkish while sell if statement is Dovish
-
UK CPI: Buy Gbp/usd if 3.6% or better while sell if 3.2% or worse
-
US Building Permits: Buy Usd/Chf & Usd/Jpy if 0.70Million or better while Buy Euro/Usd & Gbp/Usd if 0.67Million or below
Have A Great Trading Day
Results 19.03.
USD/CHF
Signal: This pair basing on downtrend today, if bases below retracement at 0.9185/90, as swing sell with Tp1 0.9100/05 Tp2 0.9080/85 Tp3 0.9015/20, while as breakout buy at 0.9185/90 with Tp1 0.9245/50 Tp2 0.9285/90 Tp3 High at 0.9320/25
Trade: no trade
USD/JPY
Signal: This pair is on uptrend, retracement at 83.30/35, as swing buy with Tp1 High at 83.95/05 Tp2 84.25/30 Tp3 84.60/65 while as breakout sell at 83.30/35 with Tp1 82.95/00 Tp2 82.75/80 Tp3 82.30/35
Trade: Four trades
- Short with breaking to the downside and almost hitting TP1. I count a profit of +10 pips.
- Long with breaking to the upside for a move of 15-20 pips, so rather a break even trade.
- Short for a move of 13 pips, so rather a break even trade.
- Long for a move of 10 pips, so rather a loss trade for –10 pips.
Overall: 0 pips
EUR/USD
Signal: This pair is on uptrend today, if bases above retracement at 1.3130/40, as swing buy with Tp1 1.3240/45 Tp2 1.3270/75 Tp3 1.3360/65, while as breakout sell at 1.3130/40 with Tp1 1.3050/55 Tp2 low at 1.2995/00 Tp3 1.2945/50
Trade: Long with bouncing off the retracement level and hitting TP1 for a profit of +100 pips.
GBP/USD
Signal: This pair is on uptrendtoday , retracement at 1.5775/85, as swing buy with Tp1 1.5925/30 Tp2 High at 1.5965/70 Tp3 1.6070/75 while as breakout sell at 1.5775/85 with Tp1 1.5695/00 Tp2 1.5630/35 Tp3 1.5570/75
Trade: no trade
USD/CAD
Signal: This pair is on downtrend, retracement at 0.9915/20, as swing sell with Tp1 0.9890/95 Tp2 0.9875/80 Tp3 low at 0.9855/60, while as breakout sell 0.9915/20 with Tp1 0.9945/50 Tp2 0.9960/65 Tp3 0.9975/80
Trade: Two trades
- Long for a move of 8 pips, so I count a loss of –10 pips.
- Short with breaking to the downside and hitting TP3 for a profit of +40 pips.
Overall: +30 pips
NZD/USD
Signal: This pair is on uptrend today, retracement at 0.8220/30, as swing buy with Tp1 0.8265/70 Tp2 0.8305/10 Tp3 0.8355/60 while as breakout sell at 0.8220/30 with Tp1 0.8175/80 Tp2 0.8145/50 Tp3 0.8110/15
Trade: Two chances to go long with the rate almost touching the upper retracement line and bouncing off to hit TP1 for a profit of +60 pips.
EUR/CHF
Signal: This pair is moving sideways, buy at 1.2070/75 with Tp1 1.2080 Tp2 1.2090 Tp3 1.2095/00 while sell at 1.2060 with Tp1 1.2045/50 Tp2 1.2040/45 Tp3 low at 1.2025/30
Trade: no trade
GBP/CHF
Signal: This pair is on uptrend, retracement at 1.4490/00, as swing buy with Tp1 1.4550/55 Tp2 1.4575/80 Tp3 1.4600/05 while as breakout sell at 1.4490/00 with Tp1 1.4460/65 Tp2 1.4445/50 Tp3 1.4405/10
Trade: Two trades
- Long with bouncing off the retracement level and hitting TP1 for a profit of +50 pips.
- Short with breaking to the downside and hitting TP1 for a profit of +30 pips.
Overall: +80 pips
EUR/GBP
Signal: This pair is on donwtrend, retracement at 0.8320/25, as swing sell with Tp1 0.8285/90 Tp2 0.8270/75 Tp3 low at 0.8250/60 while as breakout buy at 0.8320/25 with Tp1 0.8335/40 Tp2 0.8350/55 Tp3 0.8365/70
Trade: Two trades
- Short with almost touching the lower retracement line and going down to hit TP1 for a profit of +30 pips.
- Long with breaking to the upside to hit TP1 for a profit of +10 pips.
Overall: +40 pips
AUD/USD
Signal: This pair is on uptrend today, retracement at 1.0560/70, as swing buy with Tp1 1.0630/35 Tp2 1.0650/55 Tp3 1.0705/10 while as breakout sell at 1.0560/70 with Tp1 1.0520/25 Tp2 1.0475/80 Tp3 1.0440/45
Trade: Long with bouncing off the retracement level and hitting TP1 for a profit of +60 pips.
EUR/JPY
Signal: This pair is on uptrend, retracement at 109.40/50, as swing buy with Tp1 High at 110.35/40 Tp2 110.55/60 Tp3 111.20/25 while as breakout sell at 109.40/50 with Tp1 109.05/10 Tp2 108.65/70 Tp3 108.30/35
Trade: Two trades
- Short with breaking to the downside for a move of 20-25 pips, so rather a break even trade.
- Long with breaking to the downside and hitting TP1 for a profit of +90 pips.
GBP/JPY
Signal: This pair is on uptrend, retracement at 131.40/50, as swing buy with Tp1 High at 132.60/65 Tp2 132.95/00 Tp3 133.35/40 Tp4 134.25/30 while as breakout sell at 131.40/50 with Tp1 130.85/90 Tp2 130.25/30 Tp3 129.65/70
Trade: Long with bouncing off the retracement level and hitting TP1 High for a profit of +110 pips.
Valid trades:
USD/CHF = no trade
USD/JPY = 0 pips
EUR/USD = +100 pips
GBP/USD = no trade
USD/CAD = +30 pips
NZD/USD = +60 pips
EUR/CHF = no trade
GBP/CHF = +80 pips
EUR/GBP = +40 pips
AUD/USD = +60 pips
EUR/JPY = +90 pips
GBP/JPY = +110 pips
Result for today: +570 pips
March: +5.480 pips
Hi ForexMoneyMaker,
This is Krishna Here from INDIA & I am a Newbie Forex trader. Today I traded the pair AUD/USD & NZD/USD using your signals.
Aud/Usd This pair is on uptrend, retracement at 1.0580/90, as swing buy with Tp1 1.0655/60 Tp2 1.0680/85 Tp3 1.0725/30 while as breakout sell at 1.0580/90 with Tp1 1.0550/55 Tp2 1.0520/25 Tp3 1.0485/90
Nzd/Usd This pair is on uptrend, retracement at 0.8235/40, as swing buy with Tp1 0.8295/00 Tp2 0.8310/15 Tp3 0.8340/45 while as breakout sell at 0.8235/40 with Tp1 0.8220/25 Tp2 0.8205/10 Tp3 0.8175/80
The problem with these 2 pairs is that I shall not be able to know how the Price action will be at the retracement Level. This means that I had predicted that these 2 pairs might go up but the trade went in the opposite direction. I just need to know when such a situation comes, how to determine the price action behavior when the pair reaches the retracement levels. Please explain because I am uncomfortable trading any pair that I face in these situations.I have gained over 60 PIPS each in all the 3 Yen crosses but lost out in this trade today.
Regards,
Krishna
Hi krishna,
this is a common problem we all face. Even FMM most likely won’t be able to give you an exact answer to this question since the retracement level is just an area where some action is supposed to happen but nobody can tell for sure in which direction.
I suggest you use moving averages (I prefer EMAs) that might indicate best which way the rate will go.
He always told us If a breakout occurred, then close the trade with a small lose and enter through breakout direction. If it a clear breakout, the retracement will be a support turned resistance (In the case of AUD/USD you talked about) and many times it will pull back and contuinue (BPC) the breakout direction. See AUD/USD 5 minute Chart. It pull backed two times and can’t break the retracement. The retracement now is a resistance.
Hope it will help you.
Salim.
Hi Krishna look at FMM’s posts he did over the weekend that should help you a lot.
I would like to Thank you all Traders who posted a Nice Compliment comment.
We’ll all combine our efforts for the Best Consistent Growth of this thread.
Hi Derek, As I mentioned answer for such question in my weekend charts post.
I prefer my Medium Term Daily Analysis retracement level be traded as first priority for Swing then comes the breakout possibility making it 1 Swing Trade & 1 Breakout Trade.
But Keep Note that “priority” do not mean you blindly open a swing order without taking in consideration price action and swing trading rules as some tips I showed in my charts posts…
This is a Good Question. You must surely combine Fundamentals with Technical Analysis for Best Results.
It’s not as Fundamental have authority on Technical or vice versa, instead I believe both complete each other.
As if market price move in a certain direction and Traders thought that it was because of some news release… You can at same instant look at your chart and see that there was some technical info also found that lead to this movement.
Certainly, this is not an always formula(combination accuracy), nothing is perfect and there are sometimes the market moves unreasonable with sudden falls or spikes upward neglecting technical stuff as very overbought or oversold zones but there will always come a short time that the Gap left from such movement will be filled by the market as correcting such sudden moves.
For whatever reason this happens that must not lead to turning 100-150 pips from positive to negative as you said.
I do not think there’s a reason for that. If you explained how and what caused that, it will be more clear and for me to better help & advice you.
Take Note to understand and apply breakeven to your take profit trades, do not look at your gains run away while you are dreaming or hoping with some fundamentals as you said euro and dollar news…
Trading is not about Hopes & Fantasies but what you see on your charts…
Hi Krishna,
At First, If you had just spent some seconds to read today news release in the bottom of my post, you could had known that Aussie had a very important news release(Monetary Policy) which effect Aud/Usd highly besides the effect at Nzd/Usd since both correlate positively.
You must at each day check out what news releases are awaiting you for currencies you want to trade and I think am daily providing Traders with important news releases that can effect currencies at each trading day.
Another Big Big Mistake you had done is “Predict”, there’s nothing in Forex or market trading named “Prediction”
This word can be used by a person who like to gamble in Forex or in the Casino or betting stuff…
You can’t mix saying you had predicted both pairs will go up then say you did not understand price action or get it for both pairs.
I bet you did not try to read price action for both pairs at retracement since you were still shock under your prediction effect if that’s due to some outer info you get other than my analysis or for whatever reason.
Besides, even if you entered a wrong trade as a buy for both pairs while it was clearly a breakout trade, you could had easily closed at small loss, you had all the time possible to do that.
If you hadn’t done that then you are not following a discipline personal trading strategy. So Take Care
Good Luck
Hi Hubinator,
I do not accept any Trader using my Signals and Analysis to say he can not know where market price for any pair will be heading at instant of hitting retracement level, especially after my recent and past charts posts that must have Good Impact on any Trader to trade better ad pick up Good Trades.
Surely, No Trader can say "100% this pair or that will be better traded as Swing or Breakout Trading before many hours but surely a Real Trader must know at time of market price hitting retracement what direction is most favorable due to price action and both strategy rules.
Saying other than that will be just GAMBLING, so better a trader who thinks like that and do not know what to do(buy or sell) or get nervous at time market price hit retracement, to simply Gamble triggering sell or buy and see if his luck is good at that day, or go back to demo account trading till he have Full Confidence of his abilities and Focus to Success in Forex Trading not quit at small difficulty.
A Serious Trader must concentrate on his Forex Skills and try to figure where market price for that or this pair is heading and my charts tips alone with few personal effort by a trader must give many useful hints to know how to trade at retracement level.
There’s nothing named IMPOSSIBLE. Everything has a Solution, maybe not to the degree of perfection but to the degree of nearing perfection at Good Trading times and minimizing losses at Bad times if this comes due to the Trader not in best mental Focus at that time or due to market abnormal movement…
Good Luck