Steven, Since you’re still new to Forex and don’t even get what 0.9115/20 mean, then you must not only Read my thread posts and strategy rules but at first you must start learning forex from babypips preschool first class till you graduate(Review the “School” Tab on this website)
Good Luck
Hello Traders,
Forex Signals & Analysis for 8th May 2012:
Short Term Signals:
Usd/Chf Buy at 0.9160/65 then 0.9145/50 then 0.9095/00, sell at 0.9265/70 then 0.9295/00 then 0.9325/30
Usd/Jpy Buy at 79.60/65 then 79.45/50 then 79.30/35, sell at 80.10/15 then 80.20/25 then 80.40/45
Euro/Usd Buy at 1.2955/60 then 1.2910/15 then 1.2870/75, sell at 1.3105/10 then 1.3130/35 then 1.3200/05
Gbp/Usd Buy at 1.6115/20 then 1.6080/85 then 1.6050/55, sell at 1.6225/30 then 1.6245/50 then 1.6300/05
Medium Term Daily Analysis:
Usd/Chf This pair is on uptrend, retracement at 0.9180/85, as swing buy with Tp1 0.9265/70 Tp2 0.9295/00 Tp3 0.9325/30 while as breakout sell with Tp1 0.9160/65 Tp2 0.9145/50 Tp3 0.9095/00
Usd/Jpy This pair is on downtrend, retracement at 79.95/00, as swing sell with Tp1 79.60/65 Tp2 low at 79.45/50 Tp3 79.30/35 while as breakout buy with Tp1 80.10/15 Tp2 80.20/25 Tp3 80.40/45
Euro/Usd This pair is on downtrend, retracement at 1.3080/90, as swing sell with Tp1 low at 1.3030/35 Tp2 1.2955/60 Tp3 1.2910/15 Tp4 1.2870/75 while as breakout buy with Tp1 1.3105/10 Tp2 1.3130/35 Tp3 1.3200/05
Gbp/Usd This pair is on downtrend, retracement at 1.6195/00, as swing sell with Tp1 1.6115/20 Tp2 1.6080/85 Tp3 1.6050/55 while as breakout buy with Tp1 1.6225/30 Tp2 1.6245/50 Tp3 1.6300/05
Usd/Cad This pair is on uptrend, retracement at 0.9915/20, as swing buy with Tp1 0.9980/85 Tp2 1.0005/10 Tp3 1.0025/30, while as breakout sell with Tp1 0.9900/05 Tp2 0.9885/90 Tp3 0.9845/50
Euro/Cad This pair is on downtrend, retracement at 1.2975/80, as swing sell with Tp1 low at 1.2910/15 Tp2 1.2880/85 Tp3 1.2845/50 while as breakout buy with Tp1 1.3010/15 Tp2 1.3035/40 Tp3 1.3070/75
Gbp/Cad This pair is on uptrend, retracement at 1.6055/60, as swing buy with Tp1 High at 1.6115/20 Tp2 1.6150/55 Tp3 1.6180/85 while as breakout sell with Tp1 1.6030/35 Tp2 1.6010/15 Tp3 1.5975/80
Aud/Usd This pair is on downtrend, retracement at 1.0220/25, as swing sell with Tp1 low at 1.0180/85 Tp2 1.0105/10 Tp3 1.0065/70 Tp4 1.0020/25 while as breakout buy with Tp1 1.0255/60 Tp2 1.0280/85 Tp3 1.0350/55
Aud/Jpy This pair is on downtrend, retracement at 81.70/75, as swing sell with Tp1 low at 81.30/35 Tp2 80.50/55 Tp3 80.05/10 Tp4 79.60/65 while as breakout buy with Tp1 82.10/15 Tp2 82.40/45 Tp3 83.10/15
Nzd/Usd This pair is on downtrend, retracement at 0.7980/85, as swing sell with Tp1 low at 0.7935/40 Tp2 0.7895/00 Tp3 0.7875/80 Tp4 0.7845/50 while as breakout buy with Tp1 0.7980/85 Tp2 0.8000/05 Tp3 0.8030/35
Euro/Jpy This pair is on downtrend, retracement at 104.60/65, as swing sell with Tp1 low at 104.10/15 Tp2 103.20/25 Tp3 102.75/80 Tp4 102.25/30 while as breakout buy with Tp1 104.90/95 Tp2 105.20/25 Tp3 105.95/00
Gbp/Jpy This pair is on downtrend, retracement at 129.40/45, as swing sell with Tp1 128.40/45 Tp2 127.95/00 Tp3 127.55/60 while as breakout buy with Tp1 129.90/95 Tp2 130.15/20 Tp3 130.85/90
Chf/Jpy This pair is on downtrend, retracement at 87.00/10, as swing sell with Tp1 low at 86.65/70 Tp2 85.90/95 Tp3 85.45/50 Tp4 85.00/05 while as breakout buy with Tp1 87.30/35 Tp2 87.60/65 Tp3 88.25/30
Gold is on downtrend, retracement at 1640/41, as swing sell with Tp1 1629/30 Tp2 low at 1627/28 Tp3 1622/23 while as breakout buy with Tp1 1644/45 Tp2 1647/48 Tp3 1653/54
Oil is on downtrend, low resistance at 98.55/60, break to retracement 99.35/40, as swing sell with Tp1 98.55/60 Tp2 95.45/50 Tp3 94.25/30 Tp4 93.20/25
Have A Great Trading Day
Hi FMM,
Markets are moving madly due to Euro crisis. I have completely stopped trading Euro pairs from last week. As I now I trade only GBP/JPY with AUD/JPY along with GBP/USD. How many days can we expect this horrifying volatility FMM. Please guide as I have only 5 Months experience into Forex as I cannot put any trade even though you have given the best platform for us to become professional forex traders,
Regards,
Krishna
I was asking if this was a test of the signal line, it’s just 3 pips shy from piercing it… I discontinued it anyway…
FMM replies :"You see on the GbpUsd 5 Min. Chart the Short Term Buy Signal Traded. The first signal must not had been traded because if you remember this strategy rule that say you [U]do not enter an order at a buy or sell signal if market price comes near the signal price but do not hit, instead goes up the 10-30 pips then try it again.[/U]
FMM said: “So, as you realize that this pair price came at first few pips near the first buy signal then up to more than 30 pips, to then again try another test at same price and go again up 15 pips, to then retest this time exactly our first buy signal and go up but this time for around 7 pips, but ofcourse you must had not entered at 3rd test even if hit exactly our signal but when? but after not 1 but 2 tests near the signal price so no entry here.”
This is it…
Hello Traders,
Forex Signals & Analysis for 9th May 2012:
Short Term Signals:
Usd/Chf Buy at 0.9190/95 then 0.9170/75 then 0.9145/50, sell at 0.9265/70 then 0.9280/85 then 0.9310/15
Usd/Jpy Buy at 79.60/65 then 79.50/55 then 79.30/35, sell at 80.10/15 then 80.25/30 then 80.40/45
Euro/Usd Buy at 1.2955/60 then 1.2930/35 then 1.2885/90, sell at 1.3065/70 then 1.3095/00 then 1.3135/40
Gbp/Usd Buy at 1.6105/10 then 1.6085/90 then 1.6045/50, sell at 1.6210/15 then 1.6230/35 then 1.6270/75
Medium Term Daily Analysis:
Usd/Chf This pair is on uptrend, retracement at 0.9200/10, as swing buy with Tp1 0.9265/70 Tp2 0.9280/85 Tp3 0.9310/15 while as breakout sell with Tp1 0.9190/95 Tp2 0.9170/75 Tp3 0.9145/50
Usd/Jpy This pair is on downtrend, retracement at 79.90/95, as swing sell with Tp1 79.60/65 Tp2 79.50/55 Tp3 low at 79.30/35 while as breakout buy with Tp1 80.10/15 Tp2 80.25/30 Tp3 80.40/45
Euro/Usd This pair is on downtrend, retracement at 1.3040/50, as swing sell with Tp1 low at 1.3000/05 Tp2 1.2955/60 Tp3 1.2930/35 Tp4 1.2885/90 while as breakout buy with Tp1 1.3065/70 Tp2 1.3095/00 Tp3 1.3135/40
Gbp/Usd This pair is on downtrend, retracement at 1.6160/70, as swing sell with Tp1 1.6105/10 Tp2 1.6085/90 Tp3 1.6045/50 while as breakout buy with Tp1 1.6210/15 Tp2 1.6230/35 Tp3 1.6270/75
Usd/Cad This pair is on uptrend, retracement at 0.9955/60, as swing buy with Tp1 1.0045/50 Tp2 1.0075/80 Tp3 1.0130/35 while as breakout sell with Tp1 0.9910/15 Tp2 0.9875/80 Tp3 0.9830/35
Euro/Cad This pair is on downtrend, retracement at 1.2985/90, as swing sell with Tp1 low at 1.2935/45 Tp2 1.2895/00 Tp3 1.2855/60 while as breakout buy with Tp1 1.3040/45 Tp2 1.3070/75 Tp3 1.3110/15
Gbp/Cad This pair is on uptrend, retracement at 1.6100/05, as swing buy with Tp1 High at 1.6150/55 Tp2 1.6200/05 Tp3 1.6235/40 Tp4 1.6295/00 while as breakout sell with Tp1 1.6050/55 Tp2 1.6005/10 Tp3 1.5960/65
Aud/Usd This pair is on downtrend, low resistance 1.0125/30, break to retracement at 1.0165/70, as swing sell with Tp1 1.0125/30 Tp2 1.0045/50 Tp3 1.0010/15 Tp4 0.9935/40 while as breakout buy with Tp1 1.0220/25 Tp2 1.0270/75 Tp3 1.0325/30
Aud/Jpy This pair is on downtrend, low resistance at 80.80/85, break to retracement at 81.20/25, as swing sell with Tp1 80.80/85 Tp2 80.05/10 Tp3 79.70/75 Tp4 79.00/05 while as breakout buy with Tp1 81.70/75 Tp2 82.20/25 Tp3 82.75/80
Nzd/Usd This pair is on downtrend, low resistance at 0.7880/85, break is to retracement at 0.7825/30, as swing sell with Tp1 low at 0.7880/85 Tp2 0.7815/20 Tp3 0.7785/90 Tp4 0.7715/20 while as breakout buy with Tp1 0.7970/75 Tp2 0.8015/20 Tp3 0.8060/65
Euro/Jpy This pair is on downtrend, retracement at 104.20/25, as swing sell with Tp1 low at 103.65/70 Tp2 103.25/30 Tp3 103.00/05 Tp4 102.50/55 while as breakout buy with Tp1 104.50/55 Tp2 104.80/85 Tp3 105.25/30
Gbp/Jpy This pair is on downtrend, retracement at 129.15/25, as swing sell with Tp1 128.40/45 Tp2 128.10/15 Tp3 127.60/65 while as breakout buy with Tp1 129.70/75 Tp2 130.00/05 Tp3 130.45/50
Chf/Jpy This pair is on downtrend, retracement at 86.75/80, as swing sell with Tp1 low at 86.25/30 Tp2 86.00/05 Tp3 85.75/80 Tp3 85.35/40 while as breakout buy with Tp1 86.95/00 Tp2 87.25/30 Tp3 87.55/60
Gold is on downtrend, low resistance at 1611/12, break to retracement at 1618/19, as swing sell with Tp1 1611/12 Tp2 1580/81 Tp3 1569/70 TP4 1543/44 while as breakout buy with Tp1 1640/41 Tp2 1656/57 Tp3 1674/75
Oil is on downtrend, low resistance at 97.50/55, break to retracement at 98.40/45, as swing sell with Tp1 low at 97.50/55 Tp2 95.35/40 Tp3 94.35/40 Tp4 93.30/35 while as breakout buy with Tp1 98.90/95 Tp2 99.60/65 Tp3 101.10/15
Have A Great Trading Day
No doubt, right entry. This pair went all the way to Tp1 as a Successful Swing Trading Strategy.
Those things happen Konan in a misbehaving market, as for the Gbp/Usd pair too, first buy signal also was too close for the same 3 pips difference.
If you keep afraid of entering an order for Euro or any currency because of “moving madly” then you’ll miss many good opportunities. Just do your job according to my Daily Signals & Analysis setting TP and SL, watching price action and let the market do its work on the other hand. Always remember that you can not control the market.
Nor I control the market to know how many days or weeks or months this volatility will keep on…
There had been much worse market movements in past decade till now where market is in consolidation, not knowing what direction to take…
Good Luck Krishna
This is a Good Example of following my strategy rules. As said before, even if market test the signal(buy or sell) many times as today for the Gbp/Usd first buy signal(3 pips difference anyway…), you do not enter at all tests, you may be lucky running away this time because market is in consolidation status recently unless it will kill your profits if this was a trend market movement and you enter more than once at a signal since this kind of trading is not a stable consistent strategy to follow for the long run…
Hello Traders,
Forex Signals & Analysis for 10th May 2012:
Short Term Signals:
Usd/Chf Buy at 0.9230/35 then 0.9205/10 then 0.9175/80, sell at 0.9325/30 then 0.9340/45 then 0.9380/85
Usd/Jpy Buy at 79.25/30 then 79.10/15 then 78.85/90, sell at 79.95/00 then 80.15/20 then 80.40/45
Euro/Usd Buy at 1.2875/80 then 1.2850/55 then 1.2790/95, sell at 1.3005/10 then 1.3045/50 then 1.3080/85
Gbp/Usd Buy at 1.6055/60 then 1.6020/25 then 1.5975/80, sell at 1.6185/90 then 1.6210/15 then 1.6265/70
Medium Term Daily Analysis:
Usd/Chf This pair is on uptrend, high support at 0.9275/80, break to retracement at 0.9245/55, as swing buy with Tp1 0.9275/80 Tp2 0.9325/30 Tp3 0.9340/45 Tp4 0.9380/85 while as breakout sell with Tp1 0.9230/35 Tp2 0.9205/10 Tp3 0.9175/80
Usd/Jpy This pair is on downtrend, retracement at 79.75/80, as swing sell with Tp1 79.25/30 Tp2 low at 79.10/15 Tp3 78.85/90 while as breakout buy with Tp1 79.95/00 Tp2 80.15/20 Tp3 80.40/45
Euro/Usd This pair is on downtrend, low resistance at 1.2945/50, break to retracement at 1.2980/90, as swing sell with Tp1 1.2945/50 Tp2 1.2875/80 Tp2 1.2850/55 Tp3 1.2790/95 while as breakout buy with Tp1 1.3005/10 Tp2 1.3045/50 Tp3 1.3080/85
Gbp/Usd This pair is on downtrend, retracement at 1.4140/50, as swing sell with Tp1 1.6055/60 Tp2 1.6020/25 Tp3 1.5975/80 while buy with Tp1 1.6185/90 Tp2 1.6210/15 Tp3 1.6265/70
Usd/Cad This pair is on uptrend, retracement at 0.9990/00, as swing buy with Tp1 High at 1.0040/45 Tp2 1.0075/80 Tp3 1.0100/05 Tp4 1.0140/45 while as breakout sell with Tp1 0.9965/70 Tp2 0.9940/45 Tp3 0.9900/05
Euro/Cad This pair is on downtrend, retracement at 1.2970/75, as swing sell with Tp1 1.2940/45 Tp2 low at 1.2915/30 Tp3 1.2835/40 while as breakout buy with Tp1 1.3030/35 Tp2 1.3070/75 Tp3 1.3105/10
Gbp/Cad This pair is on uptrend, retracement at 1.6130/40, as swing buy with Tp1 High at 1.6185/90 Tp2 1.6210/15 Tp3 1.6235/40 Tp4 1.6270/75 while as breakout sell with Tp1 1.6115/20 Tp2 1.6085/90 Tp3 1.6055/60
Aud/Usd This pair is on downtrend, low resistance at 1.0060/65, break to retracement at 1.0100/05, as swing sell with Tp1 low at 1.0060/65 Tp2 0.9985/90 Tp3 0.9960/65 Tp4 0.9900/05 while as breakout buy with Tp1 1.0125/30 Tp2 1.0165/70 Tp3 1.0210/15
Aud/Jpy This pair is on downtrend, low resistance at 80.00/05, break to retracement at 80.55/60, as swing sell with Tp1 low at 80.00/05 Tp2 79.35/40 Tp3 79.00/05 Tp4 78.40/45 while as breakout buy with Tp1 80.85/90 Tp2 81.35/40 Tp3 81.80/85
Nzd/Usd This pair is on downtrend, low resistance at 0.7835/40, break to retracement at 0.7880/90, as swing sell with Tp1 0.7835/40 Tp2 0.7795/00 Tp3 0.7770/75 Tp4 0.7735/40 while as breakout buy with Tp1 0.7890/95 Tp2 0.7915/20 Tp3 0.7945/50
Euro/Jpy This pair is on downtrend, low resistance at 102.95/00, break is to retracement at 103.55/60, as swing sell with Tp1 low at 102.95/00 Tp2 102.30/35 Tp3 102.00/05 Tp4 101.30/35 while as breakout buy with Tp1 103.90/95 Tp2 104.35/40 Tp3 104.85/90
Gbp/Jpy This pair is on downtrend, retracement at 128.70/80, as swing sell with Tp1 low at 127.55/60 Tp2 127.10/15 Tp3 126.50/55 while as breakout buy with Tp1 129.25/30 Tp2 129.70/75 Tp3 130.30/35
Chf/Jpy This pair is on downtrend, low resistance at 85.70/75, break to retracement at 86.20/25, as swing sell with Tp1 low at 85.70/75 Tp2 85.15/20 Tp3 84.90/95 Tp4 84.35/40 while as breakout buy with Tp1 86.45/50 Tp2 86.90/95 Tp3 87.25/30
Gold is on downtrend, low resistance at 1598/99, break to retracement at 1608/09, as swing sell with Tp1 low at 1598/99 Tp2 1573/74 Tp3 1565/66 Tp4 1551/52 while as breakout buy with Tp1 1618/19 Tp2 1629/30 Tp3 1634/35
Oil is on downtrend, retracement at 97.40/45, as swing sell with Tp1 low at 96.25/30 Tp2 94.80/85 Tp3 94.00/05 Tp4 92.95/00 while as breakout buy with Tp1 97.90/95 Tp2 98.60/65 Tp3 99.80/85
We have Crucial News Releases today for the Aussie, Sterling, Loonie & Dollar Currency:
AUD Employment Change & Unemployment Rate: Buy Aud/Usd if 5K or better or/& 5.2% or better(as 5.1%) while sell if -5K or/& 5.3% or worse(as 5.4%)
UK Manufacturing Production: Buy Gbp/Usd if 0.7% or better while sell if 0.3% or worse
UK MPC Statement, ASP, & Rate Decision: Buy Gbp/Usd if statement Hawkish, ASP lowered to 300B or less, or/& rate raised to 0.75% while sell if statement Dovish, ASP increased to 350B or more, or/& rate cut to 0.25% or lower
CAD Trade Balance: Buy Usd/Cad if 0.9B or better while sell if 0.5B or lower
US Trade Balance & Unemployment Claims: Buy Usd/Chf & Usd/Jpy if -47B or better or/& 360K or better while Buy Euro/Usd & Gbp/Usd if -51B or worse or/& 380K or worse
US Fed Chairman Ben Bernanke would talk today which will have Big Impact on the market.
Have A Great Trading Day
Very Good Mental Approach to trading Dan.
I’ll add & summarize: Overtrading must be minimized unless you are a Real Expert who know what you are doing and want to gain money fast for personal reasons…
Money Management very important as risk to reward, lot size…
Discipline & Patience are crucial only found in Real Traders, besides sticking to one system, knowing every single detail of how market price move on this system, where when price stops continues… perfecting the system instead of searching very now and then for a new system, dreaming of the Holy Grain…
Not quitting after some losses thinking that the system not the best and you can find another one…
It is mostly your bad day for any reason as no Real Mental Awareness at that certain day, not the system fault.
Some traders believe in this system or your strategy is suitable for a certain period of time not an always strategy for all weeks, months, years. This is just a Myth.
Market Conditions change day to day but this have nothing to do with your strategy or system fault.
you can still success in the markets with same weapon you are using, but only your approach to that certain day of trading a bad or mixed market condition or different sentiments.
Change your mind status or deal toward those market situations instead of putting the fault on your system or personal trading strategy.
Very Important is to eliminate the unnecessary and only keep the necessary.
Best Luck Dan & All Traders
How big should stops be in crude??
You made a wrong decision here Dan. This pair had already done the retracement swing sell trade and reached 1.6090 before going back up to retracement then break is to almost reach TP1 1.6185/90(by 4 pips difference).
Wrong decision is after a swing or breakout trade had been performed, you do not enter another trade in same direction of past move, instead for the opposite direction of what had happen with this pair for example.
Remembering both strategies rules(1 swing, 1 breakout, if both strategies exited at same day especially in current consolidating market) is Very Wise by the Trader.
Crude oil as Forex Pairs SL is 50 pips or TP1(opposite direction) for Medium Term but as you know it can be closed at little loss if you understand and apply well price action.
LOL, for sure it’s 1.6140/50 not 1.4140/50. I did not get mad, YET!!
Hello Traders,
Forex Signals & Analysis for 11th May 2012:
Short Term Signals:
Usd/Chf Buy at 0.9250/55 then 0.9240/45 then 0.9225/30, sell at 0.9300/05 then 0.9310/15 then 0.9335/40
Usd/Jpy Buy at 79.55/60 then 79.40/45 then 79.25/30, sell at 80.15/20 then 80.25/30 then 80.50/55
Euro/Usd Buy at 1.2900/05 then 1.2890/95 then 1.2855/60, sell at 1.2980/85 then 1.3000/05 then 1.3020/25
Gbp/Usd Buy at 1.6075/80 then 1.6045/50 then 1.6005/10, sell at 1.6200/05 then 1.6225/30 then 1.6275/80
Medium Term Daily Signals:
Usd/Chf This pair is on uptrend, retracement at 0.9255/65, as swing buy with Tp1 High at 0.9300/05 Tp2 0.9310/15 Tp3 0.9335/40 while as breakout sell with Tp1 0.9240/45 Tp2 0.9225/30 Tp3 0.9200/05
Usd/Jpy This pair is on downtrend, but trying to break upward if bases above retracement at 79.95/00, as swing sell with Tp1 79.55/60 Tp2 79.40/45 Tp3 79.25/30 while as breakout buy with Tp1 80.15/20 Tp2 80.25/30 Tp3 80.50/55
Euro/Usd This pair is on downtrend, retracement at 1.2970/80, as swing sell with Tp1 low at 1.2920/25 Tp2 1.2900/05 Tp3 1.2890/95 Tp4 1.2855/60 while as breakout buy with Tp1 1.3000/05 Tp2 1.3020/25 Tp3 1.3070/75
Gbp/Usd This pair is on downtrend, retracement at 1.6170/80, as swing sell with Tp1 1.6075/80 Tp2 1.6045/50 Tp3 1.6005/10 while as breakout buy with Tp1 1.6200/05 Tp2 1.6225/30 Tp3 1.6275/80
Usd/Cad This pair is on uptrend, retracement at 1.0000/05, as swing buy with Tp1 High at 1.0045/50 Tp2 1.0060/65 Tp3 1.0095/00 while as breakout sell with Tp1 0.9975/80 Tp2 0.9955/60 Tp3 0.9930/35
Euro/Cad This pair is on downtrend, retracement at 1.2970/75, as swing sell with Tp1 low at 1.2920/25 Tp2 1.2895/00 Tp3 1.2865/70 while as breakout buy with Tp1 1.3000/05 Tp2 1.3025/30 Tp3 1.3050/55
Gbp/Cad This pair is on uptrend, retracement at 1.6150/55, as swing buy with Tp1 High at 1.6210/20 Tp2 1.6240/45 Tp3 1.6285/90 while as breakout sell with Tp1 1.6110/15 To2 1.6075/80 Tp3 1.6045/50
Aud/Usd This pair is on downtrend, retracement at 1.0090/00, as swing sell with Tp1 low at 1.0035/40 Tp2 1.0005/10 Tp3 0.9975/80 Tp4 0.9915/20 while as breakout buy with Tp1 1.0155/60 Tp2 1.0190/95 Tp3 1.0245/50
Aud/Jpy This pair is on downtrend, retracement at 80.60/65, as swing sell with Tp1 low at 79.75/80 Tp2 79.30/35 Tp3 78.75/80, while as breakout buy with Tp1 81.25/30 Tp2 81.65/70 Tp3 82.25/30
Nzd/Usd This pair is on downtrend, retracement at 0.7870/80, as swing sell with Tp1 low at 0.7800/05 Tp2 0.7785/90 Tp3 0.7745/50 while as breakout buy with Tp1 0.7905/10 Tp2 0.7930/35 Tp3 0.7960/65
Euro/Jpy This pair is on downtrend, retracement at 103.55/60, as swing sell with Tp1 102.75/80 Tp2 102.45/50 Tp3 102.00/05 while as breakout buy with Tp1 103.95/00 Tp2 104.20/25 Tp3 104.65/70
Gbp/Jpy This pair is on downtrend, retracement at 129.20/30, as swing sell with Tp1 128.00/05 Tp2 127.55/60 Tp3 127.00/05 while as breakout buy with Tp1 129.75/80 Tp2 130.05/10 Tp3 130.80/85
Chf/Jpy This pair is on downtrend, retracement at 86.20/25, as swing sell with Tp1 low at 85.50/55 Tp2 85.25/30 Tp3 84.95/00 while as breakout buy with Tp1 86.50/55 Tp2 86.75/80 Tp3 87.10/15
Gold is on downtrend, retracement at 1600/01, as swing sell with Tp1 1591/92 Tp2 1582/83 Tp3 1577/78 Tp4 1569/70 while as breakout buy with Tp1 1604/05 Tp2 1609/10 Tp3 1617/18
Oil is on downtrend, retracement at 97.00/05, as swing sell with Tp1 95.70/75 Tp2 low at 95.45/50 Tp3 95.15/20 Tp4 94.35/40 while as breakout buy with Tp1 97.85/90 Tp2 98.45/50 Tp3 99.20/25
We have Important News Releases today for the Sterling, Loonie and the Dollar Currency;
UK PPI: Buy Gbp/Usd if 1.2% or better while sell if -0.6% or worse
CAD Unemployment Rate & Employment Change: Buy Usd/cad if 7.4% or worse(as 7.5%) for the first or/& 2K or worse for the second while sell if 7.2% or better(as 7.1%) for the first or/& 20K or better for the second
US PPI: Buy Usd/Chf & Usd/Jpy if 0.2% or better while Buy Euro/Usd & Gbp/Usd if -0.2% or worse
US Preliminary Consumer Sentiment: Buy Usd/Chf & Usd/Jpy if 78 or better while Buy Euro/Usd & Gbp/Usd if 74 or worse
Have A Great Trading Day & Enjoy the Weekend
Dear FMM,
Was this: “- UK PPI: Buy Gbp/Usd if 1.2% or better while sell if -0.6% or worse” referring to Input PPI? THanks!
Summary of the week = +60pips, is my third week that ends in profits using short term strategy,i just have to thank you FMM.Because of you I’m thinking about starting to use my real account w this strategy,this week could have profited much more, made some mistakes that have already been arranged.Thanks and nice week 4all.
