i like read your signals…keep that good work…thanks for that 
Great work dude, keep it up
Well, a tricky day for me today, but I still managed to come away with over 100 pips! I don’t really have the margin available to trade all of the signals so I just pick a few and hope for the best. Also, bear in mind that I am generally not able to baby-sit these trades (I normally have access to the charts every few hours or so).
For the benefit of other readers of this great thread, here are my 4 trades taken earlier this morning:
Sell AUD/USD @ 1.0244. Closed @ 1.0279 for loss -35 pips.
Buy GBP/CHF @ 1.3847. Closed @ 1.3925 for +78 pips. (hit my TP)
Sell EUR/USD @ 1.3711. Closed @ 1.3702 for +9 pips (I bailed out of this trade early)
Buy USD/CHF @ 0.8796. Closed @ 0.8845 for +49 pips (hit my TP)
Total plus +101 pips.
Hello Traders,
Forex Signals & Analysis for 21st September 2011:
Short Term Signals:
Usd/Chf Buy at 0.8775 then 0.8725/30 then 0.8665/70, sell at 0.8950/55 then 0.8990/95 then 0.9060/65
Usd/Jpy Buy at 76.20/25 then 76.05/10 then 75.85/90, sell at 76.75/80 then 76.90/95 then 77.05/10
Euro/Usd Buy at 1.3580/85 then 1.3525/30, sell at 1.3790 then 1.3830/35 then 1.3915/20
Gbp/Usd Buy at 1.5655/60 then 1.5615/20, sell at 1.5780/85 then 1.5800/05 then 1.5860/65
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement is at 0.8790/00, break is to target our short term buy signals while as continuation of trend is to target our short term sell signals
Usd/Jpy This pair is still on downtrend, retracement at 76.55/60, break is to 76.85/95, above would change trend direction, while low is at 76.15/20, below is to extend weakness to our short term buy signals
Euro/Usd This pair is still on downtrend, retracement at 1.3710, break is to 1.3740, above would target our short term sell signals changing trend direction, while on the downside is toward our short term buy signals
Gbp/Usd This pair is still on downtrend, retracement at 1.5740/50, break is to 1.5795/00, above would target 1.5860/70 changing trend direction, while on the downside toward our short term buy signals
Usd/Cad This pair is still on uptrend, retracement at 0.9890/00 break is to 0.9850/60, while high is at 0.9980/85
Nzd/Usd This pair is still on downtrend, retracement at 0.8350/60, break is to 0.8315/25 then possibly to 0.8400/10, while low is at 0.8090/00
Euro/Chf This pair is still on uptrend, retracement at 1.2110/15, break is to 1.2080/85, below is toward 1.2030/40, while on the upside is toward 1.2255/60
Gbp/Chf This pair is still on uptrend, retracement at 1.3870/80, break is to 1.3805/10, wile on the upside to target 1.4075/80
Euro/Gbp This pair is still on downtrend but might change this view today if based above retracement at 0.8710 targetting 0.8750/60, above is toward 0.8790/00, while low is at 0.8600/10
Aud/Usd This pair is still on downtrend, retracement at 1.0270/80, break is to 1.0340/50 then possibly toward 1.0405/10, while low is at 1.0140/50
Euro/Jpy This pair is still on downtrend, retracement at 104.95/00, break is to 105.60/70, above would chnage trend direction toward 107.75/80, while low is at 103.00/10
Gbp/Jpy This pair is still on downtrend, retracement at 120.50/60, break is to 121.45/50, above is to target 123.00/10 changing trend direction, while low is at 119.20/30
Gold is still on downtrend, retracement at 1800 break is to 1817/18 then 1826/27, above here would chnage trend direction toward 1836/37, while low is at 1757/58 below is toward 1752/53 then 1735/36
Oil is still on downtrend, retracement at 86.85/90, break is to 87.55 then 87.90/00, above would change trend direction toward 88.90/95 then 90.15/20, while low is at 84.10/20
We have 4 Crucial news releases today for the Sterling, Canadian Dollar, & Dollar Currencies:
-
UK MPC Meeting Minutes: Buy if 2 Members Vote for Hike while sell if 2 Members Vote for Quantitative Easing or if the Asset Purchasing Facility increase to above 200B
-
CAD Core CPI: Buy Usd/Cad if below 0% while sell if 0.3% or above
-
US Existing Home Sales: Buy Usd/Chf & Usd/Jpy if 5.10M or above, while Buy Euro/Usd & Gbp/Usd if 4.40M or below
-
US FOMC Rate & Statement: Main Focus would be at Bernanke talks wiht mnay possibilities for Mr. Ben Genius to announce today, and this day would be very important for all pairs as a turning point or a contiuation of current trend movements.
*** Take Note traders that at those price levels for all yen pairs, Intervention is seen in the picture especially with the Fed Statement today and most possible high volatility in the markets movement which would be a perfect time for BOJ to react if yen pairs collapse to new historic lows.
Have A Great Trading Day
Thank you traders for your Nice Comments.
About “agent007UK” results, Ofcourse the results are good as overall look but must had been much better with better entries & exists.
Lets start with your Usd/Chf Buy Entry, yesterday retracement was at 0.8790 and price had hit exactly 0.8789 not a worry few pips, a good entry at 0.8796 but exit by TP must had been better because the first short term sell signal was at 0.8880/85 so here must had been your first TP then 0.8910/15 second TP and market had hit 0.8920 high price yesterday.
Gbp/Chf Buy Order must had been with better entry at retracement 1.3830 but it’s not that bad at 1.3847, the close was good at first TP signal 1.3925/30 while you could had let gains more run toward second TP1.3965/70 and for more luck market price extended gains to a little above 1.4000 but second TP was good to close as a long term basic TP strategy follow.
Euro/Usd sell order entry was good but exit must had been much better for big number of pips
Aud/Usd sell order entry was wrong, must had bought at low 1.0145/50, or sold exactly at retracement 1.0250/55, I know it is not always great to milk the entry or exit but many times it would make a difference as you realize that this pair reversed to under retracement and even today you could had closed at around 20 pips gain or much less SL.
Anyway, as said before the overall results are good, with better understanding of my signals & analysis you can perform much better but in all cases I insist that my forex strategies especially perfect entries are very important for all to adapt well but TP or SL can be as a trader desire, some prefer gaining quick 20 to 30 pips with small SL while others prefer bigger TP with big SL.
So whether you like to follow my both stratgies TP & SL or not, most importantly is entry prices so follow my signals & analysis accurately regarding this part. And I’ll daily try to help you all improve that if you have results to post for any pair/s or Gold & Oil too.
Remember traders that my short term TP is bt. 10-30 pips, while SL 30 to 50pips, and Medium term TP 50-100 with same number of SL or higher TP if following the trend for days so SL would be at reverse of trend, meaning if you are 250 pips upward stop loss would be at 200 pips gain while 200 gain SL would be at 150 pips gain…
Take Crucial Note traders that for the breakout stratgey like break of retracement or high support or low resistance, a false breakout would be seen in the range of 10 pips, meaning if retracement or…is for example at 1.2000 market price might go to 1.1990 at not first but usually second or more attempts then bounce upward or downward according to up or downtrend main trend movement, while a successful breakout is in the range of more than 10 pips and momentum & volatility would be clear if a breakout is coming or not. Many times it’s easy as selling at retracement for downtrend & buying at retracement for uptrend(for example Usd/Chf, Euro/Chf & Gbp/Chf pairs yesterday buy at retracement), also as vice versa breakout strategy, it would be easy to buy at retracement for downtrend after some repeated tests or sell for uptrend…
Good Luck Traders
Kind sir, you rock! Im amazed at the amount of help everyone is so willing to dish out here. Thank you thank you thank you
I was expecting a pretty volatile market today, so played safe and took just a single trade:
Sell EUR/USD @ 1.3707. I scaled out most of the trade @ 1.3640 (which was at the lower channel line on my daily chart) and closed the rest shortly after when price started to head north. Total +67 pips. Thank you.
Are any other followers of this great thread trading these signals? If so, it would be great to compare notes.
Yes “jglouw24”, It is amazing seeing traders start sharing their results for all traders to better understand both Short & Medium Term Strategies.
Keep the Good Work “agent007uk”, it’s not bad to sometimes take safe measures despite that such high volatility market would lead to fast big gains but you must also trade smartly within, so if you are not sure of a trade better stand aside, but if you know how to trade in such market your gains would boost…
Hopefully, other traders also post their results for you all to learn from each other benfits and mistakes, & I’ll do my best to help you all with improving your entries and exits.
Best Regards,
ForexMoneyMaker
Hello Traders,
Forex Signals & Analysis for 22nd September 2011:
Short Term Signals:
Usd/Chf Buy 0.8720/25 then 0.8595/00, sell 0.9140/45 then 0.9205/10
Usd/Jpy Buy 76.00/05 then 75.75/80 then 75.45/50, sell 76.85/90 then 77.05/10 then 77.35/40
Euro/Usd Buy 1.3455/60 then 1.3405/10, sell 1.3775/80 then 1.3875/80
Gbp/Usd Buy 1.5370/75 then 1.5310/15, sell 1.5725/30 then 1.5835/40
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.8900/10, break is to 0.8830/40, below here is to our short term buy signals, while on the upside is to target our short term sell signals
Usd/Jpy This pair is still on downtrend, retracement 76.55/60, break is to 76.75/80 then 76.85/90, a base above would change trend direction, while low is at 76.15/20
Euro/Usd This pair is still on downtrend, retracement at 1.3640/50, break is to 1.3695/00, above is to our short term sell signals, while on the downside toward our short term buy signals
Gbp/Usd This pair is still on downtrend, retracement at 1.5600/10, break is to 1.5730/40, while low is at 1.5420/30, a break would extend weakness toward our short term buy signals
Usd/Cad This pair is still on uptrend, high support at 1.0040/50, break is toward retracement at 0.9990/00, below here is to target 0.9920/25, while kept basing above high support would target 1.0160/70
Nzd/Usd This pair is still on downtrend, retracement at 0.8110/20, break is to 0.8190/00, while a base below low resistance at 0.8000/10 would target 0.7880/90 then possibly 0.7830/40
Euro/Chf This pair is still on uptrend, retracement at 1.2170/80, break is to 1.2090/00, while on the upside is toward 1.2345/50 then 1.2410/15
Gbp/Chf This pair is still on uptrend, retracement at 1.3910/20, break is to 1.3700/10, while on the upsdie toward 1.4135/40 then possibly 1.4225/30
Euro/Gbp This pair changed the downtrend view yesterday as expected & based on uptrend today, targetting 0.8790/00, a base above would extend power to 0.8820/30 then 0.8850/60, retracement at 0.8730/40 break is to 0.8700/10, below here is to target 0.8670/80 then possibly 0.8630/40
Aud/Usd This pair is still on uptrend, retracement at 1.0150/60, break is to 1.0260/70, while low is at 1.0030/40, a base below would extend weakness turning this price level to low resistance targetting 0.9915/20
Euro/Jpy This pair is still on downtrend, retracement at 104.40/50, break is to 105.10/20, above is to target 105.90/95 then 106.50/55, while on the downside to target 102.95/00 then possibly 102.55/60 if broke below 103.60/70
Gbp/Jpy This pair is still on downtrend, retracement at 119.45/50, break is to 120.75/80, while low is at 118.30/40, a base below here would turn this price level to low resistance extending weakness toward 117.35/40
Oil is still on downtrend, low is at 83.80/85, break below would extend weakness to 83.15/20 then 82.40/45, retracement at 85.90/95, break is to good resistance at 87.40/50, a base above here would change trend direction
Gold is still on downtrend, retracement at 1791/92 break is to 1807, then possibly to target 1825/26, while low is at 1756/57
We have an Important news release for the Canadian Dollar:
- CAD Core Retail Sales: Buy Usd/Cad if 0% or below while sell if 0.4% or above
Have A Great Trading Day
Another excellent day trading these signals.
Sell NZD/USD @ 0.7976. TP @ 0.7890 (first target) for +86 pips.
Sell AUD/USD @ 1.00185. TP @ 0.9920 (first target) for +98.5 pips.
Buy EUR/GBP @ 0.87409. Closed for loss @ 0.87219 for -19.0 pips
Buy EUR/USD @ 1.34665. Closed @ 1.34751 for +8.6 pips (had to leave the house, so I didnt risk leaving it running).
So, a total of [B]+174.1 pips[/B].
Of course I’m really gutted that I missed the best trade of the day: The GBP/CHF retracement earlier this morning hit the entry and first-exit level almost to the pip! (over 200 pips). I absolutely love this pair, and would have taken that for sure, but I only get to my charts at about 07:00 GMT.
Congratulations for New Great Results “agent007uk”. You are doing well by more understanding my strategies day after day.
A Euro/Usd buy lower(last short term buy signal) was better for more pips gains and safer order as trading against the trend, and if you had closed the buy order before the market continuing downward, it was a great chance to buy again at second target 1.3405/10, despite a sell earlier from above(start of day) was the best choice as trading with the trend.
Euro/Gbp entry wasn’t bad at retracement 0.8730/40, break was as expected to 0.8700/10 then spiked upward again to keep uptrend basis. At this part, I would like to explain that when I say below here or would change trend direction…,
this mean that you can set your stop loss at or little below this price level for false breakout reasons.
Anyway, you can’t milk the pips till the end while still learning how my strategies best work, more days would help you more perfect the entries and exits.
Good entries for Aussi & Kiwi and as I would explain in my today post that you could had gained more pips from both currency pairs vs dollar if I had set lower targets as second third…but such big falls weren’t really expected in terms of logic not price levels, anyway good exits at first target(that I posted).
Consistency & always adapt to the same strategy entries & exits is the most important part in the forex trading game
Again Good Trading…Keep On
Hello Traders,
Forex Signals & Analysis for 23rd September 2011:
Short Term Signals:
Usd/Chf Buy at 0.8935/40 then 0.8870/75, sell at 0.9220/25 then 0.9285/90
Usd/Jpy Buy at 75.75/80 then 75.55/60 then 75.00/05, sell at 76.90/95 then 77.25/30 then 77.60/65
Euro/Usd Buy at 1.3325/30 then 1.3265/70, sell at 1.3620/25 then 1.3695/00
Gbp/Usd Buy at 1.5245/50 then 1.5200/05, sell 1.5505/10 then 1.5585/90
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.8990/00, break is to 0.8860/70, while on the upside to target our short term sell signals
Usd/Jpy This pair is still on downtrend, retracement at 76.40/45, break is to 76.60/65 then 76.80/85, a base above is to target our short term sell signals changing trend direction, while low is at 76.00/05
Euro/Usd This pair is still on downtrend, retracement at 1.3540/50, break is to 1.3660/70, a base above would chnage trend direction, while low is at 1.3280/85
Gbp/Usd This pair is still on downtrend, retracement at 1.5470/80, break is to 1.5655/60, while low is at 1.5300/10, break here would extend weakness to our short term buy signals
Usd/Cad This pair is still on uptrend, high support at 1.0190/00, break is to retracement at 1.0140/50, below here is toward 1.0035/40, while on the upside is to target 1.0460/65 then 1.0540/45
Nzd/Usd This pair is still on downtrend, low resistance at 0.7860/70, break is to retracement at 0.7950/60, above here is toward 0.8130/40, while on the downside is extending weakness to 0.7635/40 then 0.7555/60
Euro/Chf This pair is still on uptrend, retracement at 1.2200/05, break is to 1.2110/20, while on the upside to target 1.2360/65 then 1.2420/25 and possibly 1.2500/05
Gbp/Chf This pair is still on uptrend, retracement at 1.3920/30, break is to 1.3880/85, below is toward 1.3785/90, while on the upside to target 1.4150/55 then possibly 1.4250/55
Euro/Gbp This pair is still on uptrend, retracement at 0.8750/55, break is to 0.8720/25, below is toward 0.8705/10 then 0.8675/80, while on the upside to target 0.8790/00, a base above here would extend trend power toward 0.8810/15 then 0.8830/35 and possibly 0.8875/80
Aud/Usd This pair is still on downtrend(pardon me for yesterday typing mistake but the general analysis must had shown you the mistake with also previous days downtrend movement), low resistance at 0.9820/30, break is to retracement at 0.9930/40, above here is to change trend direction toward 1.0065/70, while on the downside toward more weakness at 0.9535/40 then 0.9445/50
Euro/Jpy This pair is still on downtrend, low at 101.70/80, below here is to 101.40/45, retracement at 103.50/60 break is to 104.60/70, above would chnage trend direction toward 105.20/25 then 106.05/10 then possibly 106.85/90
Gbp/Jpy This pair is still on downtrend, low is at 116.80/90, a base below would turn this price level to low resistance targetting more weakness at 115.80/85 then 115.30/35, while retracement at 118.20/30 break is to 119.95/00, a base above would chnage trend direction toward 122.10/20
Gold is still on downtrend, retracement at 1761/61, break is to 1790/91 then possibly 1819/20, while low is at 1734, below would turn this level to low resistance extending weakness toward 1700/01 then 1683/84 then 1645/46
Oil is still on downtrend, low resistance at 81.55/60 break is toward retracement at 83.00, above here is to target 86.30/40 then 86.95/00
*** The markets surprise us sometimes with big falls or spikes. It’s not that such price levels reached yesterday weren’t in my agenda, I was surely ready for such levels and even lower but simply somedays I do not post the extreme possible levels for each pair because some traders might find me mad since they are really very low or high price levels and out of daily price range for each pair, Gold & Oil since I prefer not to frighten you traders with such abnormal levels…lol
But the markets like to prove for us from time to time that nothing is impossible in any day, so I decided to extend my explaination with more extreme levels so traders following my post do not think that the market can cheat them with extraordinary out of daily range price levels while I am still alive & posting…LOL
Ofcourse, such extra falls or spikes by the market could not had effected your overall trading results while following the trend but with better exits at bigger gains if you were more greedy looking for more bigger money gains. Anyway, as I always mention sometimes you must not milk the pips till the end but be realistic and take profit at great price levels because there would always be more new promising opportunities to always gain money from the markets.
And, as I like a phrase that says “A bird in the hand is much better than 10 on the tree”
- Keep close look at G20 Meetings & also ECB President Trichet talks later on today…
Have A Great Trading Day
Hello Traders,
Forex Signals & Analysis for 26th September 2011:
Short Term Signals:
Usd/Chf Buy at 0.8985/90 then 0.8950/55 then 0.8910/15, sell at 0.9105/10 then 0.9135/40 then 0.9180/85
Usd/Jpy Buy at 76.05/10 then 75.75/80 then 75.45/50, sell at 77.05/10 then 77.25/30 then 77.65/70
Euro/Usd Buy at 1.3390/95 then 1.3345/50, sell at 1.3595/00 then 1.3640/45
Gbp/Usd Buy at 1.5320/25 then 1.5260/65, sell at 1.5540/45 then 1.5585/90
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement is at 0.9000/05, break is toward our short term buy signals, while on the upside is toward our short term sell signals
Usd/Jpy This pair is still on downtrend, retracement at 76.55/60, break is toward 76.85, above is to target our short term sell signals while low is at 76.05/10, below is toward our other short term buy signals
Euro/Usd This pair is still on downtrend, retracement at 1.3540/50, break is to 1.3650/60, above here would chnage trend direction while on the downside is toward our short term buy signals
Gbp/Usd This pair is still on downtrend, retracement at 1.5495/00, break is to our short term sell signals then 1.5630/40 good resistance, above here would chnage trend direction, while low is at 1.5310/20
Usd/Cad This pair is still on uptrend, high support at 1.0250/60, break is to retracement at 1.0190/00, below would chnage trend direction toward 1.0155/60, while on the upside to target 1.0365/70 then possibly 1.0405/10
Nzd/Usd This pair is still on downtrend, low resistance at 0.7765/70, break is to retracement at 0.7870/80, above is toward 0.7960/65, while on the downside to target 0.7665/70 then 0.7620/25
Euro/Chf This pair is still on uptrend, retracement at 1.2200/10, break is to 1.2130/40(buy) with support on the way at 1.2160/65(buy), while on the upside is toward 1.2290/95 then 1.2325/30 then possibly 1.2370/75
Gbp/Chf This pair is still on uptrend, retracement at 1.3960/65, break is to 1.3890/95(buy), while on the upside is toward 1.4050/55 then 1.4085/90 then possibly 1.4145/50
Euro/Gbp This pair is still on uptrend with an overall sideways movement, above 0.8740 would target 0.8760 then toward 0.8790/00, above here would more power the trend toward 0.8825/30, while a base below 0.8730 would target 0.8685/90 then 0.8660/65
Aud/Usd This pair is still on downtrend, retracement at 0.9885/90, break is toward 0.9905/10 then 0.9965/70, while low is at 0.9740/50, a base below would turn this level to low resistance targetting 0.9635/40
Euro/Jpy This pair is still on downtrend, retracement at 103.55/60, break is to 104.55/60, above would change trend direction toward 105.45/50, while on the downside to target 102.15/20
Gbp/Jpy This pair is still on downtrend, retracement at 118.55/60, break is to 119.95/00, above would change trend direction possibly extending gains toward 121.05/10
Gold is still on downtrend, low resistance is at 1678/79, break is to retracement at 1701/02, break is toward 1758/59, while on the downside a base below 1638 would more power the trend toward 1585/86 then 1553/54
Oil is still on downtrend, low resistance at 80.30/40, break is to retracement at 81.60/70, above is to target 82.70/75 then 84.05/10, while on the downside to target 77.50/60 then 76.90/00 & possibly 75.45/50
We have an Important News Release today for the Dollar Currency:
- US New Home Sales: Buy Usd/Chf & Usd/Jpy if above 305 while Buy Euro/Usd & Gbp/Usd if below 290
*My charts tell me as an overall look at all pairs that friday daily candles of most pairs that vs the dollar & yen currencies had closed as bullish candles as if there’s a reversal starting to appear in the picture, but I prefer to wait and see today’s close daily candle since the overall view is still bearish.
Have A Great Trading Day
Medium-Term Trades Taken 26/09/2011
SELL EUR/USD @ 1.3544 (retracement level). TP @ 1.3398 (just shy of the S/T buy level) for +146 pips.
SELL EUR/JPY @ 103.59 (retracement level 103.55/60). TP @ 102.23 (just shy of downside target) +136 pips
SELL GBP/JPY @ 118.53 (retracement level 118.55/60). No targets listed, so I took 50% off @ 117.90 for +63 pips. Final 50% closed at 118.22 (+31 pips) so average win +47 pips.
SELL GBP/USD @ 1.5474 (this was a late/poor entry - retracement level was 1.5495/50 which I missed). This pair just traded sideways for 7 hours, and because of my miss-timed entry, I was not really able to get SL to B/E so I closed the trade when I left the house. Consequently, this turned out to be a good move. Closed @ 1.5464 for +20 pips.
Total for today’s trading: [B]+349 pips [/B]
I missed the nice USD/CHF retracement trade (worth 100 pips).
I didn’t understand the USD/JPY signal:, This pair is in a downtrend and retracement level is quoted at 76.55/60 but price had already held above this level for several hours prior?
I am only willing to risk 3% of my account, so for each of the above 4 trades, I risked 0.75%. Today, the return was 5% which is actually my weekly target - and its only Monday! Small and steady is the way to go. My broker must hate me.
Dave
Hi Traders,
Another Good day Dave, as I told you before that by days passing you’ll more understand my strategies and this what
is happening…
It is more simple and easy to take trades at retracement for big pips gains most of days as trend follower but sometimes
might face breakout which can also lead to big gains by closing the retracement order for small gain or loss than opening a
breakout order, for example yesterday was Euro/Gbp(review previous post), but as traders realized that I had set them for
such possible situation by mentioning resistance and support possible breaks…
Back to Dave orders, Good entry at retracement for Euro/Usd, Euro/Jpy & Gbp/Jpy(pardon me traders for this pair forgot to mention downside levels, was as usual too busy and in hurry of time…)
Bad that you weren’t around to sell Gbp/Usd at retracement which lead to around 60 pips gain, ofcourse not great movement for this pair yesterday as Euro/Usd but 50 or 60 not that bad, anyway there was a possibility to also use the breakout strategy for this pair, break of retracement to first target around 50 pips, then came close to hit second target.
Euro/Jpy was also great to buy at low after closing your sell order, buy resulted for around 100 pips gain
Other great pairs with big gains at both sides (sell then buy) were Nzd/Usd & especially Aud/Usd, ofcourse also on the otherhand Gold & Oil.
As you said, You missed Usd/Chf great retracement buy opportunity and also good sell from above at short term sell signals which lead to around 100 pips gain.
But what you forgot is that you also missed Euro/Chf buy opportunity at 1.2160/65(around 40 pips not bad), and market price came close to the second target at 1.2130/40, played it in bt. at 1.2152
And take note that this pair is always great & safe to buy at specific price as said above since as traders remember that
SNB had set 1.2000 as low level.
About Usd/Jpy analysis, take note that market do not always work properly or with good function even with my accurate
analysis. Any pair can perform a false breakout from retracement or simply do not continue the break so it would be a false breakout, it is not always a habit that any pair would always hit retracement then bounce, it could hit it bounce for few pips then penetrate it which lead to a successful breakout…Keep note that this pair mainly have a less number of pips in terms of breakout strategy due to tight daily range especially in current market sideways movement for this pair.
As I mentioned in previous post, a false breakout is performed in a range of around 10 pips from retracement price level penetration then pullback to retracement
A small tip, to set a tight SL for yen pairs in term of sell orders because BOJ could intervene at anytime so for traders not to be caught in a surprise situation and have no time to close a sell order…keep cautious of that
Certainly, you must not take all trades possible by my signals & analysis due to Money Management reasons…
Keep the good work, trade simple, smart & safe not greedy
Hello Traders,
Forex Signals & Analysis for 27th September 2011:
Short Term Signals:
Usd/Chf Buy at 0.8940/45 then 0.8910/15, sell at 0.9130/35 then 0.9190/95 then 0.9235/40
Usd/Jpy Buy at 76.00/05 then 75.85/90 then 75.55/60, sell at 76.75/80 then 76.95/00 then 77.20/25
Euro/Usd Buy at 1.3365/70 then 1.3290/95, sell at 1.3625/30 then 1.3665/70
Gbp/Usd Buy at 1.5440/45 then 1.5380/85, sell at 1.5630/35 then 1.5660/65
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.9000/05, break is to our short term buy signals and 0.8900/10 would be good support, while on the upsdie is toward our short term sell signals
Usd/Jpy This pair is still on downtrend, retracement at 76.45/50, break is to good resistance at 76.80/85, break is to our other short term sell signals changing trend direction while low is at 76.00/05, below is to our other short term buy signals
Euro/Usd This pair is still on downtrend, but trying to base above today retracement 1.3525/30 targetting 1.3640/50, a base above here would change trend direction, while on the downside to target our short term buy signals
Gbp/Usd This pair is still on downtrend, but also trying to base above today retracement 1.5530/35 targetting 1.5620/30, a base above would change trend direction, while on the downside is toward our short term buy signals
Usd/Cad This pair is still on uptrend, retracement at 1.0220/25, break is toward 1.0185/90 then 1.0155/60, while high is at 1.0290/00, above here would again power the trend toward 1.0370/75 then possibly 1.0430/35
Nzd/Usd This pair is still on downtrend, retracement at 0.7840/50, break is toward 0.7880/85 then 0.7915/20 while low is at 0.7730/40, a base below would turn this level to low resistance targetting 0.7645/50 then possibly 0.7575/80
Euro/Chf This pair is still on uptrend, retracement at 1.2190/95, break is toward 1.2140/50 then possibly 1.2100/05, hile on the upside to target 1.2265/70 then 1.2300/05 and possibly 1.2350/55
Gbp/Chf This pair is still on uptrend, retracement at 1.4000, break is to 1.3900/10 with support on the way at 1.3940/45, while on the upside to target 1.4130/35 then 1.4180/85
Euro/Gbp This pair reversed to downtrend with a successful breakout strategy yesterday, but an overall sideways movement, retracement at 0.8710/15, break is to good resistance at 0.8730/40, a base above is toward 0.8755/60 then 0.8790/95, while on the downside toward 0.8625/30 then low at 0.8600/10
Aud/Usd This pair is still on downtrend, retracement at 0.9855/60, break is to 0.9930/35 then 0.9975/80, while on the downside low is at 0.9690/00, a base below would turn this level to low resistance targetting 0.9635/40 that must mainly hold.
Euro/Jpy This pair is still on downtrend, retracement at 103.40/45, break is toward 104.35/40, above here would chnage trend direction toward 104.80/85 then possibly 105.90/95, while on the downside to target 101.85/90, below is toward low at 101.50/60
Gbp/Jpy This pair is still on downtrend, trying to base above retracement at 118.65/70 targetting 119.45/50, above would chnage trend direction toward 119.75/80 then possibly 120.55/60, while on the downside to target 117.75/80 then 117.25/30 while low is at 116.75/85
Oil is still on downtrend, retracement at 81.50/60, break is to 83.30/40 then 84.25/30, while on the downside low is at 79.95, below would target 77.45/50 then 75.60/65
Gold is still on downtrend, low resistance at 1639/40 break is to retracement at 1661/61, above here is toward 1703/04 then possibly 1738/39, while on the downside toward 1524/25 then possibly 1476/77
***As I mentioned yesterday, a reversal in seen in the picture but yesterday drama film by the markets then again positioning today as possible reversal would keep me on standby for another day to wait for a clear signal of breakout and change of trend direction for many pairs.
With no important news releases for this week, would keep a close focus at news talks by Fed Members, Bernanke tommorow, ECB, & IMF always hints to the markets that a solution for the EuroZone problems is currently cooked in the kitchen…lets wait and see for more clear details…
Have A Great Trading Day
Well, today’s market action caught me out somewhat, and I found myself on the wrong side of quite a few trades. I guess I wasn’t alone, and it became very much a damage-limitation excercise, but I still managed to scrape out a few pips.
SELL NZD/USD @ 0.7838 (retracement level). Hit SL @ 0.7888 -50 PIPS
BUY USD/CHF @ 0.9007 (retracement level). Closed at 0.9038 for +31 PIPS
BUY EUR/CHF @ 1.2199 (a few pips past the retracement level). Closed @ 1.2210 for +11 PIPS
BUY USD/CAD @ 1.0228 (retracement level). Closed 50% @ 1.0278 for +50 PIPS
The last 50% was closed @ 1.0256 for +28 PIPS, so giving +39 PIPS for this trade.
SELL EUR/JPY @ 103.40 (retracement level). Closed at B/E (could have got 50 pips!).
So, a total of [B]+27 PIPS [/B]today. I didn’t take any of the breaks above the retracement levels, as I will wait for more confirmation.
As I write this, 2 more trades have triggered: SELL EUR/GBP @ 0.8710 (currently +19 pips) and BUY GBP/CHF @ 1.4004 (currently +9 pips). Needless to say, I will keep SL tight on these overnight.
Dave
Hello Traders,
Forex Signals & Analysis for 28th September 2011:
Short Term Signals:
Usd/Chf Buy at 0.8880/85 then 0.8845/50, sell at 0.9060/65 then 0.9110/15
Usd/Jpy Buy at 76.25/30 then 75.95/00 then 75.70/75, sell at 77.15/20 then 77.30/35 then 77.70/75
Euro/Usd Buy at 1.3450 then 1.3385/90, sell at 1.3705/10 then 1.3765/70
Gbp/Usd Buy at 1.5500/05 then 1.5440/45, sell at 1.5745/50 then 1.5800/05
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, but might chnage this view if break then bases below support at 0.8910/15 targetting our short term buy signals, while a base again above resistance & retracement at 0.8980/85 would traget our short term sell signals keeping current trend movememnt
Usd/Jpy This pair based on uptrend today, above retracement at 76.55/65, break is toward our short term buy signals and low is at 76.00/10, while on the upside a base above 76.85 is to target our short term sell signals powering the new trend
Euro/Usd This pair is still on downtrend, despite a boost to the upside but closed yesterday daily candle much more below high price level leading to be squeezed today bt. support at 1.3560/65 break is to our short term buy signals, and resistance at 1.3625/30 break is to our short term sell signals
Gbp/Usd This pair is basing on uptrend today, above 1.5610/15 targetting 1.5790/00, while a break below is toward 1.5585/90, below here is to target our short term buy signals
Usd/Cad This pair is basing today on downtrend, below retracement at 1.2000/05, break is to target high at 1.0295/00, while kept basing below retracement is to target 1.0105/10 then 1.0065/70
Nzd/Usd This pair is still on downtrend, but trying to base above retracement at 0.7870/75 targetting 0.7955/60 then toward 0.8000/10 then possibly 0.8055/60, while below retracement is toward 0.7740/45 then 0.7675/80
Euro/Chf This pair is still on uptrend, above retracement at 1.2150/60 toward 1.2185/90, a base above would target 1.2225/30 then 1.2260/65 and 1.2280/85 while on the downside below rertracement is to 1.2130/35 then 1.2115/20 and possibly 1.2070
Gbp/Chf This pair is still on uptrend, retracement at 1.4000/05, break is toward1.3960/65 then 1.3940/45 and 1.3920/25, while on the upsdie toward 1.4070/75 then 1.4105/10 and 1.4135/40
Euro/Gbp This pair is still on downtrend, retracement at 0.8700/05, break is to 0.8720/25, above would target 0.8735/40 then 0.8755/60, while on the downside toward 0.8655/60 then 0.8645/50 then possibly 0.8620/25
Aud/Usd This pair is still on downtrend, but trying to base today above retracement 0.9885/90 targetting 1.0035/40 then toward 1.0095/00, while rebase below retracement is toward 0.9750/55 then low at 0.9670/80
Euro/Jpy This pair is still on downtrend, despite the big boost to above but closed downward, today squeezed bt. support at 103.90/95 break is to 102.65/70, and resistance at 104.35/40 break is to target 105.55/60 then 105.85/95, above is toward 106.15/20 and possibly 107.35/40 if a strong upward movement occurs…
Gbp/Jpy This pair is basing on uptrend today, above 119.50/55 targetting 121.30/40 then 121.60/65 and possibly 122.75/80 if a strong upward movement occurs…, while below 119.50/55 is to target 118.45/50 then possibly 117.70/75
Oil is still on downtrend but squeezed today bt. support at 82.70/75 break is to low at 80.00/05, below would extend weakness to 79.20/25, and resistance at 84.35/40 break is to 85.90/00 then 87.00/05
Gold is still on downtrend, retracement at 1661/62 break is to 1690/91 then 1709/10 then 1728/29 and possibly 1742/42, while on the downside toward 1640/41 then low at 1626/27, below would extend weakness toward 1605/06 then 1584/85 and possibly 1555/56
*** Forex Pairs had continued the reversal movements I expected at start of week, some confirmed it while others collapsed downward after the big upward boot closing at much lower level than yesterday high price, and currently movign in bt. resistance and support tight levels, while yen pairs reversed with fast boost upward due to increased talks about high possible intervention by BOJ bt. today and end of september(2 days time) so keep focus at that.
Have A Great Trading Day
Honestly, I expected that you might face some difficulty in trading under yesterday breakout conditions because as I
noticed from your past posts orders & results that you mostly rely on trading with the trend selling or buying at retracementaccording to trend direction, this is why I gave you & all traders a clear tip or hint how to trade the breakout strategy that was themain player of yesterday market, by closing your retracement orders at small gain or loss then trading the breakout if many
tests for retracement occured. Despite that buying or selling at yesterday retracement must had gained you some good money even with yen pairs before the breakout appeared at yesterday later hours…that lead to big gains for
many pairs, Gbp/Usd base above yesterday retracement at 1.5530 was the best example of breakout strategy I provided you traders with…
So all traders must learn to adapt to all market conditions and learn how to trade all strategies…
Back to your orders, you sold and bought at retracement levels but a little above or below them which could had lowered your loss and extended your gains, starting with Euro/Chf (10pips difference) this pair was found at and litttle below retracement all day so was not needed to buy at 10 pips more and also high price was well 40 pips above despite tight yesterday
range. Same for Usd/Chf which you could had also traded the very successful breakout for around 60 pips gain
Usd/Cad had 2 traders, the retracement than the breakout, both were successful, you only traded the retracement not bad.
Nzd/Usd order was wise to close at lesser loss than join the successful breakout because at & around retracement was tested at early hours before the breakout occured, while yen pairs were best breakout strategies with Euro/Usd & Gbp/Usd,
so it was bad that you didn’t join the huge boost upward especially that in general yen pairs are great to buy at current
low levels besides intervention talks highly increased…
What best you had done is that you managed coming up with + gains at end of day that had been achieved by Good
Money Management & tightened the losses to specific first targets I mentioned for each pair.
Try to learn how to trade all strategies to always be ready for all market conditions because as the market moves as trends,it also moves sideways, bouncing, breakouts(reversal from an old to a new trend or in bt. both till clear boost to any one side favours)…
Good Luck Dave & All Traders
Hello Traders,
Forex Signals & Analysis for 29th September 2011:
Short Term Signals:
Usd/Chf Buy at 0.8930/35 then 0.8895/00 then 0.8870/75, sell at 0.9035/40 then 0.9050/55 then 0.9105/10
Usd/Jpy Buy at 76.20/25 then 76.05/10 then 75.75/80, sell at 76.95/00 then 77.10/15 then 77.40/45
Euro/Usd Buy at 1.3465 then 1.3430/35, sell at 1.3675/80 then 1.3745/50
Gbp/Usd Buy at 1.5515/20 then 1.5490/95 then 1.5415/20, sell at 1.5670/75 then 1.5715/20 then 1.5755/60
Medium Term Daily Analysis:
Usd/Chf This pair is still on uptrend, retracement at 0.8990/95, break is to 0.8950/55, below would target our short term buy signals while on the upside toward our short term sell signals
Usd/Jpy This pair is moving sideways after failing to keep the base on yesterday uptrend start and currently moving in bt.levels, below 76.55/60 is toward our short term buy signals and low is at 76.00/10, while above is toward our short term sell signals
Euro/Usd This pair is still on downtrend, with same scenario a boost to the upside then closing below at daily candle, below 1.3555/60 targetting our short term buy signals while above 1.3590/00 is toward our short term sell signals with good resistance at 1.3740/50
Gbp/Usd This pair failed to keep yesterday uptrend start despite successful upward movement at start of day but closed downward the daily candle, below 1.5585/90 targetting our short term buy signals while above would target our short term sell signals & good resistance at 1.5755/60
Usd/Cad This pair also failed to keep the downtrend start and reversed to again base on uptrend with a successful breakout strategy, retracement at 1.0270/80, break is to 1.0115/20 then possibly 1.0060/65 while high is at 1.0380/90, above would more power the uptrend toward 1.0405/10 then possibly 1.0440/45
Nzd/Usd This pair is still on downtrend, retracement at 0.7800/10, break is to 0.7890/95 then possibly to 0.7950/55, while on the downside to target 0.7695/00 then low at 0.7660/65
Euro/Chf This pair is still on uptrend, retracement at 1.2170/75, break is toward 1.2150/55 then 1.2130/35 and possibly 1.2100/05, while above 1.2190/95 is toward 1.2230/35 then 1.2250/55 and possibly 1.2280/85
Gbp/Chf This pair is still on uptrend, retracement at 1.4000/10, break is to 1.3950/55 then possibly 1.3915/20, while on the upsdie toward 1.4085/90 then 1.4120/25 and possibly 1.4170/75
Euro/Gbp This pair still on downtrend, retracement at 0.8700 break is to 0.8715/20, above is to target 0.8740/45 then possibly 0.8765/70 while on the downside toward 0.8645/50 then 0.8630/35 and possibly 0.8590/95 with low at 0.8610/20 on the way
Aud/Usd This pair still on downtrend, retracement at 0.9820/30, break is to 0.9965/70, while low is at 0.9595/00 with support on the way at 0.9690/95 then 0.9650/55
Euro/Jpy This pair still on downtrend, after holding below yesterday retracement, today retracement is at 104.00/05, break is toward 105.55/60 with resistance on the way at 104.50/55 then 104.90/95, while on the downside is to target 103.15/20 then 102.85/90 and possibly 102.25/30
Gbp/Jpy This pair failed to keep start of day upward movement and closed downward, reversing again to downtrend below 119.30/40 targetting 118.50/55 then 118.20, while above is to target 120.25/30 then 120.75/80 and possibly 121.25/30
Gold is still on downtrend, low at 1590/91, below would extend weakness to 1571 then 1553/54 and possibly 1509/10, retracement at 1634/35 break is to 1641/42, above here is toward 1668/69 then 1696/97
Oil is still on downtrend, low is at 78.70/80, below would extend weakness toward 77.75 then possibly 75.00/10, retracement at 81.40/50, break is to 83.20, above here is to target 84.30/35
Have A Great Trading Day