Hai… Koul,
Just go to page No.134. There you will find two word files. Download it and read it.
Happy Pippin
Thanks Salimvp,
appreciate your prompt answer however I have theses word document but did see a clear explanation, tell me on wich page excatly you are thinking ?
/Koul
I don’t understand what you are looking for. You said you have got the word files (post no.1336) and you also read it. Even though you have doubts. On the two word files everything explained. Tell me which part you don’t understand? We are here to help you.
Happy pippin
Salim
Hello Salim, I have just two questions for you. One is, “trading day” refers to GMT midnight to midnight?
And, second question is; once the pair hits FMM’s predetermined retracement , then goes in certain direction (long or short), but fails to reach TP1 predetermined by FMM and instead goes back to the retracement level and hits it again — does this action nullify the signal as such, or is the signal still ongoing with same original TP levels. I am talking ofcourse about over 30 pips worth of movements that fail to reach FMM’s TP levels at first…Thanks much!
Hello traders,
Forex Signals & Analysis for 26th April 2012:
Short Term Signals:
Usd/Chf Buy at 0.9060/65 then 0.9050/55 then 0.9025/30, sell at 0.9120/25 then 0.9135/40 then 0.9155/60
Usd/Jpy Buy at 80.90/95 then 80.70/75 then 80.40/45, sell at 81.75/80 then 81.95/00 then 82.25/30
Euro/Usd Buy at 1.3165/70 then 1.3145/50 then 1.3115/20, sell at 1.3250/55 then 1.3270/75 then 1.3305/10
Gbp/Usd Buy at 1.6075/80 then 1.6040/45 then 1.5995/00, sell at 1.6215/20 then 1.6240/45 then 1.6300/05
Medium Term Daily Analysis:
Usd/Chf This pair is on downtrend, retracement at 0.9100/05, as swing sell with Tp1 0.9060/65 Tp2 low at 0.9050/55 Tp3 low at 0.9025/30 while as breakout buy at 0.9100/05 with Tp1 0.9120/25 Tp2 0.9135/40 Tp3 0.9155/60
Usd/Jpy This pair is on uptrend, retracement at 81.15/20, as swing buy with Tp1 81.75/80 Tp2 81.95/00 Tp3 82.25/30 while as breakout sell at 81.15/20 with Tp1 80.90/95 Tp2 80.70/75 Tp3 80.40/45
Euro/Usd This pair is on uptrend, retracement at 1.3190/00, as swing buy with Tp1 1.3250/55 Tp2 1.3270/75 Tp3 High at 1.3305/10 while as breakout sell at 1.3190/00 with Tp1 1.3165/70 Tp2 1.3145/50 Tp3 1.3115/20
Gbp/Usd This pair is on uptrend, retracement at 1.6130/40, as swing buy with Tp1 High at 1.6215/20 Tp2 1.6240/45 Tp3 1.6300/05 while as breakout sell at 1.6130/40 with Tp1 1.6075/80 Tp2 1.6050/45 Tp3 1.5995/00
Usd/Cad This pair is on downtrend, retracement at 0.9860/70, as swing sell with Tp1 low at 0.9820/25 Tp2 0.9800/05 Tp3 0.9785/90 Tp4 0.9750/55 while as breakout buy at 0.9860/70 with Tp1 0.9900/05 Tp2 0.9920/25 Tp3 0.9940/45
Euro/Cad This pair is on downtrend, retracement at 1.3015/25, as swing sell with Tp1 1.2940/45 Tp2 low at 1.2905/10 Tp3 1.2865/70 while as breakout buy at 1.3015/25 with Tp1 1.3060/65 Tp2 1.3090/95 Tp3 1.3135/40
Gbp/Cad This pair is trying to base on downtrend, retracement at 1.5900/10, as swing sell with Tp1 1.5815/20 Tp2 1.5775/80 Tp3 low at 1.5725/30 while as breakout buy at 1.5900/10 with Tp1 1.5965/70 Tp2 1.6000/05 Tp3 1.6055/60
Aud/Usd This pair is trying to base on uptrend, retracement at 1.0340/50, as swing buy with Tp1 1.0380/85 Tp2 1.0395/00 Tp3 1.0430/35 while as breakout sell at 1.0340/50 with Tp1 1.0305/10 Tp2 1.0280/85 Tp3 1.0260/65
Aud/Jpy This pair is trying to base on uptrend, retracement at 84.05/15, as swing buy with Tp1 84.45/50 Tp2 84.65/70 Tp3 84.95/00 while as breakout sell at 84.05/15 with Tp1 83.75/80 Tp2 83.50/55 Tp3 83.30/35
Nzd/Usd This pair is on downtrend, retracement at 0.8170/80, as swing sell with Tp1 low at 0.8095/00 Tp2 0.8080/85 Tp3 0.8055/60 while as breakout buy at 0.8170/80 with Tp1 0.8195/00 Tp2 0.8215/20 Tp3 High at 0.8255/60
Euro/Jpy This pair is on uptrend, retracement at 107.20/30, as swing buy with Tp1 107.80/85 Tp2 107.90/95 Tp3 108.20/25 while as breakout sell at 107.20/30 with Tp1 107.05/10 Tp2 106.85/90 Tp3 106.65/70
Gbp/Jpy This pair is on uptrend, retracement at 131.10/20, as swing buy with Tp1 132.20/25 Tp2 132.55/60 Tp3 High at 133.30/35 while as breakout sell at 131.20/30 with Tp1 130.40/45 Tp2 129.90/95 Tp3 129.35/40
Chf/Jpy This pair is on uptrend, retracement at 89.25/30, as swing buy with Tp1 89.70/75 Tp2 89.85/90 Tp3 90.05/15 while as breakout sell at 89.25/30 with Tp1 89.05/10 Tp2 88.85/90 Tp3 88.65/70
Gold is on downtrend, retracement at 1645/46, as swing sell with Tp1 1624/25 Tp2 1615/16 Tp3 1607/08 while as breakout buy at 1645/46 with Tp1 1655/56 Tp2 1660/61 Tp3 1674/75
Oil is moving sideways with uptrend basis, retracement at 103.80/85, as swing buy with Tp1 104.95/00 Tp2 High at 105.35/40 Tp3 106.15/20 while as breakout sell at 103.80/85 with Tp1 102.95/00 Tp2 102.40/45 Tp3 101.80/85
We have Important News Releases today for the Dollar Currency:
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US Unemployment Claims: Buy Usd/Chf & Usd/Jpy if 360K or better(lower) while Buy Euro/Usd & Gbp/Usd if 380K or worse(higher)
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US Pending Home Sales: Buy Usd/Chf & Usd/Jpy if 1.5% or better while Buy Euro/Usd & Gbp/Usd if 0.9% or worse
Have A Great Trading Day
Hi Amar, Honestly I have no time for skype and such services. If you have any question, ask it here, there are no secrets, or if you would like send me an email and I’ll try helping you with a good answer as much as I can…
Take Care
Maybe sometime in the future when I find some free time for such stuff…
Hi Koul, if you find it difficulty to trade using my Medium Term Daily Analysis, trade my Short Term Signals.
It can gain you good profits too…
Today Simple Example is Gbp/Usd pair, marked the High sell 1.6175/80 and low Buy 1.6080/85 of this pair.
Euro/Usd Marked High sell 1.3235/40, both are just 2 examples for many found daily for other pairs too but since those aret he majors that most traders trade, it’s easy to track our success record
Good Luck
Yeah, thx, I managed to snatch 10 pips on short term yesterday by pending order sell gbp/usd. S/L i put 20 pips on short term…
Have a nice trading day :)!
Hi Konan, In such case of indecision, you simply wait for market price to show signals of going to the opposite trading strategy(opposite your order) as price action will show you and close at small gain or loss, then join the other strategy trade or simply stand aside if you’re unsure.
I showed clearly such trading situations at my past charts posts, take a close look and try to learn from…
As mentioned before, My preference is one swing or/& one breakout per pair for a trading day.
You don’t enter exit then enter exit and so on all day, but must give the market price some space to move.
A Simple example yesterday was Euro/Usd, despite all crucial news releases especially FOMC but market price kept basing above retracement 1.3170/80, so if you had a buy order at retracement, there was no break of it in any case to quit your order and ofcourse market price targeted TP1 which is also High Price of yesterday for this pair.
On the other hand, there was no reason whatsoever to enter a sell order at retracement as it was not broken at all.
Traders who say they do not understand this or that strategy, try to be specific not just say I read all pages and learnt or understood nothing… Ask about you did not understand, specifically…
Thanks Traders for your all Nice Words…
Good Luck
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Should we place a resting order at that Medium Term retracement in the original direction? It is a 50 pip stop loss. If not, then we are just watching the level and waiting for it to…
a. Go straight through with no sign of stopping. An aggressive breakout. Obviously you would join the party in that direction.
b. Wait for the price to test the retracement price level (bounce) and then join in the direction of the original trend.
c. Basing??? What? -
Walk us through your charting “checklist.” What I mean is… When you sit down at your chair and start going through your charts, in order, what are you looking for? What time frame do you start with? Just naked charts?
-
Can you walk us through a trade every now and then? You know, post a pic of your best trade of the day. I’d really like to know what basing looks like on a chart.
Any help would be greatly appreciated. I am starting off and really like your signals. But more often then not I get killed because I’m always picking the wrong the direction/strategy. Please advise.
I’m just a newbie that try to follow master FMM signals, I’m trade manually with not set up the sl (it’s a risk isn’t it?), I only put tp according to my feeling & not follow the tp in the signal… sometime lower or higher.
26 April tp reach for eurjpy & usdjpy
Hai Konan…
FMM already answered to your question. What I have to say now is, this month, see last three week the market was very choppy. No big movement at all. It moves withing a range. No clear price action. The FMM retracement level is so powerful. It worked well before.
To your question about trading day, I prefer opening of London market to closing of US market. This time most of the pair reach the retracement level. But for AUD, JPY and NZD pair may move on Asian time.
No. (Did you know the supply and demand terms? and Bull and bear fights? So once price touch the retracement level and move to our favour for some pips and if again come to retracement level, then you can just understand it’s because the bears are forcing to break the level, etc…)
Actually price will go beyond the 1 TP level. As said before now a days market is choppy.
If price once again come to the retracement level, watch what is going on the chart. If it break below to the retracement level at least 30 pips, then we can confirm it is a breakout. Wait again to confirm, most of the time it will come again to the retracement level. If it resisting then close the trade with a small loss. If you trade more lot you can even make money if you close partly when you get 25 or more pips.(Many times it discussed here). Otherwise it will go again beyond the TP1 level.
Good luck
Happy pippin
ok sir i respect can u plz tell me ur email id…so i can email u.thnks waiting ur reply
Hello Goodpunk6,
Good questions indeed. I am trying to answer your questions. Because FMM may has’t the time for reply. Just a little help from me. NOTE: English not my mother tongue. So sorry for my bad English.
It’s up to you, You can place a order if you haven’t the time to watch the chart. If it a breakout what will you do? 50 pips loss. If you put all the pairs like this, then you will lost much more. If breakout happened to EUR/USD then most of the other pairs will go same direction GBP/USD, AUD/USD, NZS/USD,USD/CHF and USD/CAD. (It’s true when we consider Correlation. Some times these pairs move contradictory).
I think it’s a business. If you don’t have the time to manage your business, How can you make money from it?
So watch the chart if you can. Mark retracement level if it touch retracement level, enter a trade. Just for hypothetic: You place a order with stop and target and forget it for the day. Can you guess what will happen in this market? Some times the price will go same as FMM signal without touching retracement level. And from the daily high the price may reverse and come to your order price and will go opposite of your trade.
For your sub question (a) and (b) read Comment No.1454.
© In my knowledge basing means,the pair is trying to base above the retracement level (Uptrend) and below for Downtrend.
Again mark the retracement level and watch the chart.
5 minutes chart.
yes,naked chart. (I am using 1H chart and 5minute chart) If you want any indicator for confirmation or fancy then you can select what type of indicator you want).
[B]For Newbies:[/B]
Every new and aspiring Forex trader came here to discover the holy grail. Do you know there is no holy grail in this world.
Learn, learn, learn and again learn. Never stop it.
I am a trader less than two years experience. I lost 60% of my initial deposit. The loss occurred because of my greed, fear, lack of Money management and patience.
After that I realized that if I not consider above all I can’t successful in this market.
If you fear about the news and choppy or indecision movement of pairs, Don’t trade. Wait for another trade signal for the pair or use another pair.
Patience is virtue. You don’t need to trade all day. Why? Tomorrow never dies. The market will be here forever. You can trade another day. So be patient.
Don’t trade all pairs which are FMM posting. You know which pair you more familiar with. Take those pairs. If you can manage all then it’s okey.
Learn what is Money management. Without a proper money management you never success in this market. Lets say, If your Risk/Reward ration is 1:2, even if you lost 6 trade out of 10, still you are profitable.
And Price action. It is a so so power full. Learn some candle stick patterns and support and resistance levels. Did you see any doji and hammer at the FMM retracement level on 1H or 4H chart? I saw and I trade it as well. It confirms FMM signal and much profitable.
Good luck
Happy pippin.
PS: If anything Wrong, FMM will correct it.
Hi FMM,
Thanks for the great signals.
Today I will be looking at your short term levels for the following currency pairs.
Short Term Signals:
Usd/Chf Buy at 0.9060/65 then 0.9050/55 then 0.9025/30, sell at 0.9120/25 then 0.9135/40 then 0.9155/60
Usd/Jpy Buy at 80.90/95 then 80.70/75 then 80.40/45, sell at 81.75/80 then 81.95/00 then 82.25/30
Euro/Usd Buy at 1.3165/70 then 1.3145/50 then 1.3115/20, sell at 1.3250/55 then 1.3270/75 then 1.3305/10
Gbp/Usd Buy at 1.6075/80 then 1.6040/45 then 1.5995/00, sell at 1.6215/20 then 1.6240/45 then 1.6300/05
At the end of the day I will post the results.
Kind regards,
Hi everybody on this thread… Today is my first day on this thread and plan to make my first trade of my life in forex… As I have just opened account with FXCM Uk… I have read the posts on this thread and little bit feel like an Alice in wonderland that does these trading signals really works in real ??? How much does it winning score out of 10 trades…???
im still quite confuse about the signal, is there a simple way to explaine. Im so sry im nt well verse in eng :17::17:
Usd/Chf Buy @ 0.9060 +30.1
Eur/Usd Sell @ 1.3205 +30.1
Usd/Jpy is still open.
At the end of the day I will provide a new update.
Kind regards,
Thank you for the good advice, it is much welcomed!
I have one more question for you, lol, and it is just to reaffirm what I have already read from FMM posts here…It is the matter of “low” and “high” levels in FMM’s medium term analysis… When he marks the level TP1 low or TP2 or TP3 low, that means = !treat that level as a short term signal!? meaning, go long at that level for at least 10 pips…Same with TP1 hight, or TP2 high, or TP3 high, = it means it is safe to treat it like a short term signal and sell for at least 10 pips?!
Thank you sir!