I’ll take it goodpunk if I were you, with very tight SL (5-10 pips) above upper zone.
but i’m out from market today (need to learn MM disciplines even with very small amount 
seems very slow movement right now. will it effect by nzd news very soon, but surely it will on mine (Asian session lol)
did you take it?
i did. But for now its sideways. ill give it a few more candles
the worst you could do is take it on a simulated account and see what happens. or trade with real money, too, but I seriously don’t recommend trading that USDJPY medium term until later tonight.
I trade on a demo but I treat it like its my own money
Hi everybody,
Today was a pretty rough day, with a couple of loses.
Here is what I traded today:
Usd/Chf Sell at 0.9110/15 -30
Usd/Jpy Sell at 80.45/50 +30
Euro/Usd Buy at 1.3185/90 and 1.3160/65 both -30
Gbp/usd Buy at 1.6175/80 +30
I still have 2 positions open:
- Gbp/Usd + 22
- Usd/Jpy + 28
I’m still in doubt if I should close both open orders.
Kind regards,
Wish I could help you m8, but I only know howto for short term analysis by FMM… It’s pretty late tho, so close it if you are in the profit!
Hello Traders,
Forex Signals & Analysis for 3rd May 2012:
Short Term Signals:
Usd/Chf Buy at 0.9065/70 then 0.9035/40 then 0.9000/05, sell at 0.9175/80 then 0.9200/05 then 0.9245/50
Usd/Jpy Buy at 79.80/85 then 79.65/70 then 79.30/35, sell at 80.60/65 then 80.80/85 then 81.00/05
Euro/Usd Buy at 1.3085/90 then 1.3050/55 then 1.2985/90, sell at 1.3245/50 then 1.3290/95 then 1.3340/45
Gbp/usd Buy at 1.6145/50 then 1.6120/25 then 1.6080/85, sell at 1.6250/55 then 1.6275/80 then 1.6315/20
Medium Term Daily Analysis:
Usd/Chf This pair is on uptrend, retracement at 0.9100/10, as swing buy with Tp1 0.9175/80 Tp2 High at 0.9200/05 Tp3 0.9245/50 while as breakout sell with Tp1 0.9065/70 Tp2 0.9035/40 Tp3 0.9000/05
Usd/Jpy This pair is on downtrend, retracement at 80.20/25, as swing sell with Tp1 low at 79.75/80 Tp2 79.65/70 Tp3 79.30/35 while as breakout buy with Tp1 80.60/65 Tp2 80.80/85 Tp3 81.00/05
Euro/Usd This pair is on downtrend, retracement at 1.3180/90, as swing sell with Tp1 1.3085/90 Tp2 low at 1.3050/55 Tp3 1.2985/90 while as breakout buy with Tp1 1.3245/50 Tp2 1.3290/95 Tp3 1.3340/45
Gbp/Usd This pair is trying to base on downtrend if bases below 1.6200/05 at first then confirm it with a base below 1.6185/90, sell at 1.6185/90 with Tp1 1.6145/50 Tp2 1.6120/25 Tp3 1.6080/85 while buy at 1.6200/05 with Tp1 1.6250/55 Tp2 1.6275/80 Tp3 1.6315/20
Usd/Cad this pair is mixed, buy at 0.9860/65 with Tp1 0.9905/10 Tp2 0.9925/30 Tp3 0.9945/50 while sell at 0.9860/65 with Tp1 0.9830/35 Tp2 0.9815/20 then TP3 0.9780/85
Euro/Cad This pair is on downtrend, retracement at 1.3000/05, as swing sell with Tp1 low at 1.2045/55 Tp2 1.2890/95 Tp3 1.2835/40 while as breakout buy with Tp1 1.3050/55 Tp2 1.3090/95 Tp3 1.3130/35
Gbp/Cad This pair is on uptrend, retracement at 1.5960/65, as swing buy with Tp1 1.5945/50 Tp2 1.5910/15 Tp3 1.5875/80 while as breakout buy with Tp1 1.6030/35 Tp2 1.6055/60 Tp3 1.6085/90
Aud/Usd This pair is on downtrend, retracement at 1.0345/55, as swing sell with Tp1 1.0275/80 Tp2 low at 1.0245/55 Tp3 1.0220/25 while as breakout buy with Tp1 1.0370/75 Tp2 1.0390/95 Tp3 1.0430/35
Aud/Jpy This pair is on downtrend, retracement at 82.95/00, as swing sell with Tp1 low at 82.50 Tp2 82.15/20 Tp3 81.80/85 Tp4 81.35/40 while as breakout buy with Tp1 83.40/45 Tp2 83.75/80 Tp3 84.15/20
Nzd/Usd This pair is on downtrend, retracement at 0.8120/30, as swing sell with Tp1 low at low at 0.8080/85 Tp2 0.8045/50 Tp3 0.8005/10 while as breakout buy with Tp1 0.8155/60 Tp2 0.8180/85 Tp3 0.8210/15
Euro/Jpy This pair is on downtrend, retracement at 105.75/85, as swing sell with Tp1 low at 105.00/05 Tp2 104.60/65 Tp3 104.25/30 Tp4 103.40/50 while as breakout buy with Tp1 106.55/60 Tp2 107.10/15 Tp3 107.70/75
Gbp/Jpy This pair is on downtrend, retracement at 129.95/05, as swing sell with Tp1 129.05/10 Tp2 128.70/75 Tp3 127.95/00 while as breakout buy with Tp1 130.80/85 Tp2 131.25/30 Tp3 131.80/85
Chf/Jpy This pair is on downtrend, retracement at 88.00/05, as swing sell with Tp1 low at 87.35/40 Tp2 87.05/10 Tp3 86.70/75 Tp3 86.00/05 while as breakout buy with Tp1 88.70/75 Tp2 89.15/20 Tp3 89.65/70
Gold is tring to base on downtrend if bases below 1655/56 then confirm as it bases below 1651/52, as swing sell with TP1 1641/42 TP2 1636/37 then TP3 low at 1627/28 while as breakout buy with TP1 1665/66 TP2 High at 1671/72 Tp3 1679/80
Oil is on uptrend basis, retracement at 105.25/30, as swing buy with TP1 High at 106.10/15 Tp2 106.55/60 Tp3 107.10/15 while as breakout sell with TP1 104.60/65 Tp2 104.25/30 Tp3 103.65/70
We have Crucial News Releases today for the Kiwi, Sterling, Euro, & Dollar Currencies:
-
NZD Employment Change & Unemployment Rate(Pardon me for the mistake for this news time of release yesterday, it’s for today set to be announced at around 30 minutes from now): 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
-
UK Services PMI: Buy if 56 or better while sell if 52 or lower
-
Euro ECB Rate Decision & President Mario Draghi talks: Buy Euro if rate increased to 1.25% or/& Draghi talks are hawkish while sell if cut to 0.75% or/& Draghi talks are Dovish
-
US Unemployment Claims: Buy Usd/Chf & Usd/Jpy if 365K or better while Buy Euro/Usd & Gbp/Usd if 400K or worse
-
US ISM PMI: Buy Usd/Chf & Usd/Jpy if 57 or better while Buy Euro/Usd & Gbp/Usd if 53 or worse
Have A Great Trading Day
Utah, confirmation is definitely more important. So far all my trades have been a few pips above (long)/below (short) FMM’s entry price.
Hello, i still have a entry on Eur-Usd opened 1.3150 on this morning but right now i got only +2pip.Im thinkin its better close him.What u guy think about this.Thanks.
I’d close, and prepare for tomorrow/tonight’s trading. Just my thoughts. SPend less emotion/energy on that trade and prepare your charts and your emotions for tomorrow/tonight.
thanks for the reply deadalus, i was closed too.
Tomorow we got 6 impact news, im new with this strategy, any tip how avoid loss w those news?
Don’t close. TP 1.3170 is my predict.
Thanks so much FMM. Because of your signals, I have made $2,820 over 3 days in oil. Demo
50k and every trade has been with 2 lots. Thanks buddy!
yeah man, JUST MISSED on the CHF and EUR. Im kinda disappointed, as both moved 70+ pips and I had two minis waiting on each. I did make 60 or so pips off the EURCAD, USDCAD, and USDJPY today. Got out too early or I could have made a few more. but I’ll take it. unfortunately, I put in two medium term trades last night before bed and los 31 pips, so Im up 32 for the day.
Hello Traders,
I’ll be answering your recent and coming questions through the weekend plus a bonus gift of posting some charts clarifying validity of entries for the Short Term Signals by some price action & other tips and might add also for the Medium Term despite that I believe that past posts covered this strategy in best way.
Also, lightening on simple mistakes traders still fall in because they did not read well my strategies rules & its hints too…
But that do not mean you must not READ READ READ my past posts to more understand my both strategies rules and once for all Applying on your broker demo account is Very Important because theoretical is good but the CLUE is in APPLICATION…
Hello Traders,
Forex Signals & Analysis for 4th May 2012:
Short Term Signals:
Usd/Chf Buy at 0.9095/00 then 0.9080/85 then 0.9045/50, sell at 0.9175/80 then 0.9195/00 then 0.9225/30
Usd/Jpy Buy at 79.90/95 then 79.80/85 then 79.50/55, sell at 80.50/55 then 80.70/75 then 80.90/95
Euro/Usd Buy at 1.3085/90 then 1.3055/60 then 1.3015/20, sell at 1.3200/05 then 1.3225/30 then 1.3270/75
Gbp/usd Buy at 1.6140/45 then 1.6125/30 then 1.6095/00, sell at 1.6215/20 then 1.6235/40 then 1.6260/65
Medium Term Daily Analysis:
Usd/Chf This pair is on uptrend, retracement at 0.9110/20, as swing buy with Tp1 0.9175/80 Tp2 High at 0.9195/05 Tp3 0.9225/30 while as breakout sell with Tp1 0.9095/00 Tp2 0.9080/85 Tp3 0.9045/50
Usd/Jpy This pair is on downtrend, retracement at 80.25/30, as swing sell with Tp1 79.90/95 Tp2 79.80/85 Tp3 79.50/55 while as breakout buy with Tp1 80.50/55 Tp2 80.70/75 Tp3 80.90/95
Euro/Usd This pair is on downtrend, retracement at 1.3165/75, as swing sell with Tp1 1.3085/90 Tp2 1.3055/60 Tp3 1.3015/20 while as breakout buy with Tp1 1.3200/05 Tp2 1.3225/30 Tp3 1.3270/75
Gbp/Usd This pair is trying to base on downtrend, retracement at 1.6185/90, as swing sell with Tp1 1.6140/45 Tp2 1.6125/30 Tp3 1.6095/00 while as breakout buy with Tp1 1.6215/20 Tp2 1.6235/40 Tp3 1.6260/65
Usd/Cad this pair is on uptrend basiswith overall sideways movement, retracement at 0.9870/75, as swing buy with Tp1 0.9915/20 Tp2 0.9930/35 Tp3 0.9965/70 while as breakout sell with Tp1 0.9825/30 Tp2 0.9800/05 Tp3 0.9775/80
Euro/Cad This pair is on downtrend, retracement at 1.3015/20, as swing sell with Tp1 1.2895/00 Tp2 1.2840/45 Tp3 1.2805/10 while as breakout buy with Tp1 1.3055/60 Tp2 1.3080/85 Tp3 1.3155/60
Gbp/Cad This pair is on uptrend, retracement at 1.5985/90, as swing buy with Tp1 1.6040/45 Tp2 High at 1.6065/70 Tp3 1.6135/40 while as breakout sell with Tp1 1.5895/00 Tp2 1.5850/55 Tp3 1.5815/20
Aud/Usd This pair is on downtrend, retracement at 1.0300/10, as swing sell with Tp1 low at 1.0230/35 Tp2 1.0205/10 Tp3 1.0180/85 Tp3 1.0125/30 while as breakout buy with Tp1 1.0335/40 Tp2 1.0370/75 Tp3 1.0410/15
Aud/Jpy This pair is on downtrend, retracement at 82.60/65, as swing sell with Tp1 low at 82.15/20 Tp2 81.95/00 Tp2 81.75/80 Tp3 81.35/40 while as breakout buy with Tp1 82.80/85 Tp2 83.10/15 Tp3 83.35/40
Nzd/Usd This pair is on downtrend, low resistance at 0.8020/25, break is to retracement at 0.8055/60, as swing sell with Tp1 low at 0.8020/25 Tp2 0.7935/40 Tp3 0.7910/15 Tp4 0.7830/35 while as breakout buy with Tp1 0.8095/00 Tp2 0.8145/50 Tp3 0.8190/95
Euro/Jpy This pair is on downtrend, retracement at 105.70/75, as swing sell with Tp1 low at 104.90/00 Tp2 104.75/80 Tp3 104.30/35 while as breakout buy with Tp1 106.10/15 Tp2 106.40/45 Tp3 106.75/80
Gbp/Jpy This pair is on downtrend, retracement at 129.90/00, as swing sell with Tp1 129.30/35 Tp2 129.15/20 Tp3 128.65/70 while as breakout buy with Tp1 130.35/40 Tp2 130.70/75 Tp3 130.95/00
Chf/Jpy This pair is on downtrend, retracement at 87.95/00, as swing sell with Tp1 87.35/40 Tp2 low at 87.15/20 Tp3 86.70/75 while as breakout buy with Tp1 88.30/35 Tp2 88.60/65 Tp3 88.85/90
Gold is on downtrend, retracement at 1643/44, as swing sell with TP1 low at 1628/29 TP2 1623/24 TP3 1617/18 TP4 1604/05 while as breakout buy with Tp1 1653/54 Tp2 1662/63 Tp3 1671/72
Oil is on downtrend after a huge daily bearish candle formed yesterday, retracement at 103.50/55, as swing sell with TP1 low at 101.05/10 TP2 100.30/35 TP3 98.35/40 while as breakout buy with TP1 105.20/25 TP2 106.50/55 TP3 107.55/60
We have Crucial News releases today for the Aussie, Swiss Franc, Dollar & The Canadian Dollar Currency:
-
AUD RBA Monetary Policy Statement: Buy Aud/Usd if statement is Hawkish while sell if statement is Dovish
-
CHF Retail Sales: Buy Usd/Chf EuroChf Gbp/Chf if 0.9% or worse while sell if 1.5% or better
-
US NFP(Most Important News release for tomorrow, market expected to stay quiet with tight movement before this news): Buy Usd/Chf & Usd/Jpy if 190k or better or/& 8.2%(unemployment rate) or better(as 8.1%) while Buy Euro/Usd & Gbp/Usd if 150K or worse or/& 8.4% or worse(as 8.5%)
-
CAD Ivey PMI: Buy Usd/Cad if 60 or below while sell if 64 or more
Have A Great Trading Day and An Interesting Weekend
Thank you, sir! You are a true altruist. I can only hope that one day I will be able to emulate Your success and help others rise from the ashes of this inept system called capitalism.
What is going on with gbp/usd?