A nice trader had posted on this thread(some past posts) a good indicator you can use to enter the retracement, TP targets, SL, Low & High for any pair and i will draw the lines accordingly to the setting prices entered…
For entries & exits, you watch price action plus any indicator/s(not a must but additional confirmation is not bad, but keep it simple) that you use for trading…at the 5 minute chart for both strategies.
Easy trade mixed with luck(quick fall) due to Aussie Crucial news release as the huge bearish candle show.
News Traders rely on such moves to gain good money from fast movement but must also keep caution due to possible 2 ways spike as market price might sometimes take your sl at both sides, so better trade with wider SL at news release if you are somehow sure of your entered order or if you are entering at market price then you would not need sl directly at execution since you can modify later on.
When trading the daily chart as I give analysis according to it then you can watch the 4 & 1 hour chart to have an overall look at the trend confirmation but at entry and exit at retracement at time market price get there, you must rely on the 5 minute chart for better view and confirmation.
No problem in trading all pairs but at first if you are able to do that and if you have several live accounts because I believe one live account with all pairs traded(if all have valid entry at same day) is too risky.
Anyway, all pair traded for same one account is showing greedy attitude that is not great while trading the market.
The 4 majors are enough to make good pips daily profits for short term signals and also Medium Term unless other pairs hit retracement at time the majors do not reach there.
In all cases, it’s up to the trader and how you like to risk your account and what lot size you’re using besides most improtantly if you really know how all pairs I analyze move and what factors affect it…
Entries at Market orders are the best but if you are not around pending order would be a must or a no other option.
The first is for experienced traders who know at what price market would bounce from while the second is for newbies who could be helped by a pending order if price was too fast to hit and bounce but on other hand sometimes market price might hit near your pending order without filling it, so it will be like a lucky situation, as a trader on this thread who had a pending order for usd/jpy at 80.45 where this pair had hit twice 80.48 and went up 100 pips first time and 25 pips the second time, so when his order was filling ofcourse price kept going down as this support got broken after many tests.
All majors had great results today too as usual if talking about the Short Term Signals with the full 30 pips profit taken at many times.
while the Medium Term also had many pairs perform nice moves and maybe the Aud/Usd was the best example as breakout due to the Quick spike down to TP3.
Anyway, Compare bt. my yesterday post contents and market price for all pairs, Gold & Oil to see the compatibility…
Forexmoneymakers,
thanks a lot. I just came across this thread today. It really helped a lot during the news release.
Please keep on up dating as I am new in this biz.
I really appreciate.
Wish I knew this when I left pending order on short term buy at 82.80 aud/jpy last night and fell asleep…lolol…Nvm, coz I covered that loss with 3 other pairs that behaved usdchf, eurusd and gbpusd…
Hello Traders,
Forex Signals & Analysis for 2nd May 2012:
Short Term Signals:
Usd/Chf Buy at 0.9030/35 then 0.9015/20 then 0.8985/90, sell at 0.9110/15 then 0.9125/30 then 0.9155/60
Usd/Jpy Buy at 79.55/60 then 79.30/35 then 79.00/05, sell at 80.45/50 then 80.65/70 then 81.00/05
Euro/Usd Buy at 1.3185/90 then 1.3160/65 then 1.3115/20, sell at 1.3290/95 then 1.3320/25 then 1.3355/60
Gbp/usd Buy at 1.6175/80 then 1.6155/60 then 1.6125/30, sell at 1.6255/60 then 1.6275/80 then 1.6305/10
Medium Term Daily Analysis:
Usd/Chf This pair is on downtrend, retracement at 0.9075/80, as swing sell with Tp1 low at 0.9030/35 Tp2 0.9015/20 Tp3 0.8985/90 while as breakout buy with Tp1 0.9110/15 Tp2 0.9125/30 Tp3 0.9155/60
Usd/Jpy This pair is on downtrend, retracement at 80.20/25, as swing sell with Tp1 low at 79.70/75 Tp2 79.55/60 Tp3 79.30/35 Tp4 79.00/05 while as breakout buy with Tp1 80.45/50 Tp2 80.65/70 Tp3 81.00/05
Euro/Usd This pair is on uptrend, retracement at 1.3230/35, as swing buy with Tp1 High at 1.3290/95 Tp2 1.3320/25 Tp3 1.3355/60 while as breakout sell with Tp1 1.3185/90 Tp2 1.3160/65 Tp3 1.3115/20
Gbp/Usd This pair is on uptrend, retracement at 1.6210/20, as swing buy with Tp1 1.6255/60 Tp2 1.6275/80 Tp3 1.6305/10 while as breakout sell with Tp1 1.6175/80 Tp2 1.6155/60 Tp3 1.6125/30
Usd/Cad This pair is on downtrend, retracement at 0.9870/75, as swing sell with Tp1 0.9815/20 Tp2 0.9795/00 Tp3 0.9760/65 while as breakout buy with Tp1 0.9800/05 Tp2 0.9925/30 Tp3 0.9955/60
Euro/Cad This pair is on uptrend, retracement at 1.3040/50, as swing buy with Tp1 1.3145/50 Tp2 1.3195/00 Tp3 1.3255/60 while as breakout sell with Tp1 1.2865/70 Tp2 1.2920/25 Tp3 1.2850/55
Gbp/Cad This pair is on uptrend, retracement at 1.5980/85, as swing buy with Tp1 1.6080/85 Tp2 1.6130/35 Tp3 1.6185/90 while as breakout sell with Tp1 1.5905/10 Tp2 1.5860/65 Tp3 1.5795/00
Aud/Usd This pair is on downtrend, retracement at 1.0360/70, as swing sell with Tp1 1.0260/65 Tp2 1.0230/35 Tp3 1.0155/60, while as breakout buy with TP1 1.0430/35 Tp2 1.0475/80 Tp3 1.0530/35
Aud/Jpy This pair is on downtrend, retracement at 83.05/10, as swing sell with Tp1 low ta 82.55/60 Tp2 81.85/90 Tp3 81.45/50 Tp4 80.85/90 while as breakout buy with Tp1 83.50/55 Tp2 83.90/95 Tp3 84.50/55
Nzd/Usd This pair is on downtrend, retracement at 0.8155/60, as swing sell with Tp1 low at 0.8100/10 Tp2 0.8085/90 Tp3 0.8050/55 while as breakout buy with Tp1 0.8195/00 Tp2 0.8220/25 Tp3 0.8250/55
Euro/Jpy This pair is on downtrend, retracement at 106.10/20, as swing sell with Tp1 105.45/50 Tp2 low at 105.20/25 Tp3 104.90/95 while as breakout sell with Tp1 106.40/45 Tp2 106.55/60 Tp3 106.95/00
Gbp/Jpy This pair is on downtrend, retracement at 130.05/10, as swing sell with Tp1 129.00/05 Tp2 128.60/65 Tp3 128.15/20 while as breakout buy with Tp1 130.50/55 Tp2 130.75/80 Tp3 131.40/45
Chf/Jpy This pair is on downtrend, retracement at 88.30/35, as swing sell with Tp1 87.80/85 Tp2 low at 87.50/55 Tp3 87.30/35 while as breakout buy with Tp1 88.50/55 Tp2 88.65/70 Tp3 88.95/00
Gold is on uptrend, retracement at 1660/61, as swing buy with Tp1 1672/73 TP2 High at 1677/78 Tp3 1684/85 while as breakout sell with TP1 1653/54 TP2 1649/50 Tp3 1642/43 Tp4 low at 1624/25
Oil is on uptrend, retracement at 105.45/50, as swing buy with TP1 High at 106.05/10 Tp2 107.10/15 TP3 107.60/65 Tp4 108.85/90 while as breakout sell with TP1 104.30/35 Tp2 103.50/55 Tp3 102.75/80
We have Important News Releases today for the Swiss Franc, Sterling, Dollar, & the Kiwi Currency:
-
CHF Retail Sales: Buy Usd/Chf, Gbp/Chf, Euro/Chf if 0.8% or worse while sell if 1.4% or better
-
UK Construction PMI: Buy Gbp/Usd if 56 or better while sell if 52 or worse
-
US ADP: Buy Usd/Chf & Usd/Jpy if 190K or better while Buy Euro/Usd & Gbp/Usd if 160K or worse
-
NZD Employment Change & Unemployment Rate(this news is 15 minutes before end hour of today or before start hour “00.00” of tomorrow): Buy Nzd/Usd if 0.5% or better for the first or/& 6.3% or better(like 6.2%) for the second while sell if 0.3% or worse for the first or/& 6.4% or worse(like 6.5%) for the second
Have A Great Trading Day
Yeah, a bit lucky with the spike I guess (I don’t follow the news sentiment )
Noted! Lesson learnt. Thanks, FMM
I don’t understand wth happened with Eur/usd just now…Maybe I shd have been watching for Eu manufacturing PMI too when I put this short term order into effect…Crap, lol!
yeah me too… just checked it and already lost 120 pips
back to 2 days ago 
but when I see the chart, it same setup with my aud/usd yesterday for medium term.
no time with it today
Edit:
eur/usd -60
usd/chf -50
gbp/usd -10 (manual closed emotionally. need to calm down LOL)
trade another day
My broker screwed me over on 3 jpy pairs today which I had to manually close… Strategy was ofcourse short term and it would have worked if they didn’t declare “slippage” on all 3…I guess the jpy shot up across the board 30 pips and more in just 2 minutes time… Here are 2 of the the pending orders i had to manually close because my broker FAILED to fill them in…Line is where I bought them via pending order…
My question would be…Did my broker, Russian Exness, screw me over, or does this sort of thing happen with all brokers…It’s 30 pips in 2 to 4 minutes - situation?
Thanks so much in advance to everyone that answers me 
I think that’s your broker. I can’t speak for others…I use tradestation and they have very very little slippage. Very great broker. I highly recommend them. Very low pip spreads as well. Gotta be the lowest I’ve seen.
Very sorry to hear this happened to you. Very unfortunate.
Thanks m8, I will check them out to transfer.
Not tragic tho…I still risk very small ammounts of money,lol, 2 months since I started reading about Forex, cant expect to make serious money yet for sure 
I wouldn’t take it. For two reasons. First, and most important - I don’t believe this is mentioned in FMM’s rules as I got this rule from another system. You should probably trade these mid-term strategies only during the most active hours, which are when the Asian-London session areboth open (2am-5am Eastern) and when the New York-London session overlaps (8am-11am Eastern). 2pm-4pm Eastern works too, but has less trading activity than the overlap sessions.
Second, the price had already gone down and come back up. Sure its bouncing off the resistance, but its non-peak hours and you have a high probability of losing. Yes you might collcet pips, but put the probability in yourfavor and wait til tonight to trade. Wait and see.
This is all to be ignored if you simply mean the Blue area. Yes, that blue area is a perfect setup. Bounces directly off the top resistance and looks like Peak hours, but I can’t tell wat time zone you’re in.
Yeah, slow and steady, mate. Money management is the most important concept (risk a few % of your account everyday and no more), and execution is second. You have to practice both. Execution involves understanding FMM’s strategy and then trading it consistently and perfectly to the rules. Never deviate from the rules - hence, don’t make up rules as you go along.
Also, Don’t be greedy. If you lose a trade, you get stopped out. No big deal. If you made 20 pips today, don’t get greedy and enter the market just to make more when there are no setups. You WILL lose.
Perfect practice makes perfect. Good luck.