Forex Buy & Sell Trading Signals

Same with you, Dan.
Only bagged 6 pips “savior” for NZD/USD with the spike.
No other trades, none else reach retracement level today.
What leverage you use?

And what about the journey plan starting june 1st?
Do you mind to create the thread?
As my connection not so great to use skype (will disturbe my forex server connection), so I’m out of it. unless to use IRC from my phone

Can I join in the great journey?? :smiley: :smiley:

Hi FMM

Thanks again for the great signals and ideas. I could not have had chance to trade today but checked that your signals were successful again.

I was wondering now what you mean by saying start of trading day. Is it when New Zealand market opens at 05.00 PM, EST?

Appreciated your help and guidance.

Looking for tomorrow’s signals and analysis.

Hello FMM,

Thanks for the encouragement. Last night I had posted my estimates on your retracement levels before you post your daily analysis & signals. Actually I’m doing my estimates every day but I don’t share it. Yesterday I decided to go public and hear your and other’s comments on my estimates. I was already hesitating for two reasons, so I deleted it after lontongcorp’s friendly comment:

  1. Most people coming here just want to have easy access to your analysis, i.e. your accurate signals, not to study the way these signals are generated. So, everything other than your signals and your explanations are deemed to be junk. I am not saying this to offend anyone. But really after I have read about 100 pages of this thread I don’t read other’s posts much, I just scroll down to see what YOU have written. That’s no real bother though. Why be annoyed by it? I understand if people don’t want to see any post here other than your signals and explanations. But it’s easy to skip the rest. This is one of the reasons I was hesitating.

  2. You have openly recommended everyone that we should just enjoy taking fish from you and stop asking about how you developed your system. Even though I don’t expect you to spend more time trying to train us to become good traders up to your level since you already spend a lot of your time to help us understand your daily analysis and make money utilizing your signals, I thought you would welcome my attempt and may be give a few hints on determining the retracement levels.

I had no intention of becoming FMM or even dreaming of replacing you as it has not been even one year since I began trading currencies. Always the padawan, never the jedi :slight_smile: If you don’t like to see such posts here, I won’t dare again. Anyway, here’s what I deleted yesterday. The values in red are my guesses , yours are in black. Today most of them didn’t reach the retracement levels though:

Usd/Chf 0.9580/90 0.9575

Usd/Jpy 79.50/55 79.50

Euro/Usd 1.2525/30 1.2545

Gbp/Usd 1.5660/65 1.5685

Usd/Cad 1.0205/15 1.0245

Euro/Cad 1.2820/25 1.2840

Gbp/Cad 1.6020/25 1.6100

Aud/Usd 0.9820/30 0.9850

Aud/Jpy 78.00/10 78.30 (I guess it was a typo)

Nzd/Usd 0.7585/95 0.7610

Euro/Jpy 99.55/60 99.70

Gbp/Jpy 124.45/55 124.60

Chf/Jpy 82.85/95 82.95

Gbp/Chf 1.5010/20 1.5020

Gold 1560/61 1565/1567 (I was unsure, another guess was 1577)

Oil 90.90/95 91.40

I don’t know how you find those levels. But I’ll do my best to achieve it myself :slight_smile:

If you think this is unnecessary or you don’t have the time for this or don’t like it and don’t want it in anyway, this will be the last time I share my guesses. Thanks a lot again.

Hello, grats Dan.I only use short term, I might be afraid to play for 50 pips, I am beginner fear still haunts me. I ask you, what is the difference between MT and ST, is there that requires more knowledge of the market?

Hello Traders,

Forex Signals & Analysis for 31st May 2012:

Short Term Signals:

Usd/Chf Buy at 0.9605/10 then 0.9560/65 then 0.9520/25, sell at 0.9760/65 then 0.9785/90 then 0.9860/65

Usd/Jpy Buy at 78.60/65 then 78.45/50 then 78.15/20, sell at 79.60/65 then 79.85/90 then 80.15/20

Euro/Usd Buy at 1.2295/00 then 1.2265/70 then 1.2170/75, sell at 1.2490/95 then 1.2550/55 then 1.2600/05

Gbp/Usd Buy at 1.5395/00 then 1.5360/65 then 1.5250/55, sell at 1.5625/30 then 1.5700/05 then 1.5755/60

Medium Term Daily Analysis:

Usd/Usd This pair is on uptrend, retracement at 0.9640/50, as swing buy with Tp1 High at 0.9760/65 Tp2 0.9785/90 Tp3 0.9860/65 while as breakout sell with Tp1 0.9605/10 Tp2 0.9560/65 Tp3 0.9520/25

Usd/Jpy This pair is on downtrend with overall sideways movement, retracement at 79.25/30, as swing sell with Tp1 78.60/65 Tp2 78.45/50 Tp3 78.15/20 while as breakout buy with Tp1 79.60/65 Tp2 79.85/90 Tp3 80.15/20

Euro/Usd This pair is on downtrend, retracement at 1.2440/50, as swing sell with Tp1 low at 1.2295/05 Tp2 1.2265/70 Tp3 1.2170/75 while as breakout buy with Tp1 1.2490/95 Tp2 1.2550/55 Tp3 1.2600/05

Gbp/Usd This pair is on downtrend, retracement at 1.5560/70, as swing sell with Tp1 low at 1.5395/05 Tp2 1.5360/65 Tp3 1.5250/55, while as breakout buy with Tp1 1.5625/30 Tp2 1.5700/05 Tp3 1.5755/60

Usd/Cad This pair is on uptrend, retracement at 1.0270/75, as swing buy with Tp1 1.0345/50 Tp2 High at 1.0370/75 Tp3 1.0425/30 while as breakout sell with Tp1 1.0215/20 Tp2 1.0180/85 Tp3 1.0145/50

Euro/Cad This pair is on downtrend, retracement at 1.2780/85, as swing sell with Tp1 1.2695/00 Tp2 1.2670/75 Tp3 1.2625/30 while as breakout buy with Tp1 1.2800/05 Tp2 1.2835/40 Tp3 1.2865/70

Gbp/Cad This pair is on downtrend, retracement at 1.5970/80, as swing sell with Tp1 1.5875/80 Tp2 1.5845/50 Tp3 1.5765/70 while as breakout buy with Tp1 1.6040/45 Tp2 1.6095/00 Tp3 1.6140/45

Aud/Usd This pair is on downtrend, retracement at 0.9755/60, as swing sell with Tp1 0.9630/35 Tp2 low at 0.9600/05 Tp3 0.9500/05 while as breakout buy with Tp1 0.9835/40 Tp2 0.9900/05 Tp3 0.9950/55

Aud/Jpy This pair is on downtrend, retracement at 77.35/40, as swing sell with Tp1 75.95/00 Tp2 75.55/60 Tp3 74.45/50 while as breakout buy with Tp1 78.20/25 Tp2 78.95/00 Tp3 79.50/55

Nzd/Usd This pair is on dowmtrend, retracement at 0.7555/60, as swing sell with Tp1 0.7475/80 Tp2 0.7450/55 Tp3 0.7380/85 while as breakout buy with Tp1 0.7620/25 Tp2 0.7665/70 Tp3 0.7705/10

Euro/Jpy This pair is on downtrend, retracement at 98.60/70, as swing sell with Tp1 96.95/00 Tp2 96.60/65 Tp3 95.45/50 while as breakout buy with Tp1 99.30/35 Tp2 100.00/05 Tp3 100.60/65

Gbp/Jpy This pair is on downtrend, retracement at 123.35/40, as swing sell with Tp1 121.35/40 Tp2 120.90/95 Tp3 119.55/60 while as breakout buy with Tp1 124.20/25 Tp2 125.10/15 Tp3 125.80/85

Chf/Jpy This pair is on downtrend, retracement at 82.10/15, as swing sell with Tp1 80.70/75 Tp2 80.35/40 Tp3 79.40/45 while as breakout buy with Tp1 82.65/70 Tp3 83.30/35 Tp3 83.80/85

Gbp/Chf This pair is on uptrend, retracement at 1.5010/20, as swing buy with Tp1 1.5065/70 Tp2 1.5085/90 Tp3 1.5105/10 while as breakout sell with Tp1 1.4990/95 Tp2 1.4980/85 Tp3 1.4950/55

Gold is on downtrend, retracement at 1569/70, as swing sell with Tp1 1532/33 Tp2 1518/19 Tp3 1504/05 while as breakout buy with Tp1 1582/83 Tp2 1591/92 Tp3 1614/15

Oil is on downtrend, retracement at 88.70/75, as swing sell with Tp1 85.60/65 Tp2 84.80/85 Tp3 82.40/45 while as breakout buy with Tp1 90.60/65 Tp2 92.15/20 Tp3 93.40/45

We have an Important News Release for the Dollar Currency:

  • US ADP: Buy Usd/Chf & Usd/Jpy if 160K or better while Buy Euro/Usd & Gbp/Usd if worse than 100K

  • US Preliminary GDP & Unemployment Claims: Buy Usd/Chf & Usd/Jpy if 2.2% or better for the first or/& 350K or better for the second while Buy Euro/Usd & Gbp/Usd if 1.6% or worse for the first or/& 380K or worse for the second

Have A Great Trading Day

For whom interested and using MT4 in my learning of MQL programming, here the EA code for FMM Short Term.
Almost like you put a pending order, only the trade will executed on second touch. So it will skip significant up/down. Input the numbers from FMM signals as you preferred.
Default SL/TP : 30/10
Default Money Management is true with Risk Percentage: 25% (!!!)

Backtesting, forward testing or take it to live but Use It at your own risk :stuck_out_tongue:

(Rename to .mq4)

Good that you have Daily pips target but unfortunately for me “20usd per day” will not buy me my daily bread requirement:p

I’m happy for you. Congratulations

Yes, You must use the 5 minute chart. It’s more difficult for trading than the higher frames like the 1 hour but also more accurate for confirmation and milking pips if you want:33:

FMM,

Could you please explain what happened in crude? I asked once before, I think you didn’t have time. Could you please explain?


Don’t be too happy. This comment ““That’s Great. But Dare You show me your face here anymore after doing that dangerous act”” was regarding your other post of opening new thread…:stuck_out_tongue:

Knowing your broker time at when a new daily candle is open or market open(Sunday-Monday) will make it easier for you.
After that time by 1-2 hours, I post my Daily Signals & Analysis.
Ofcourse, I don’t want to know who’s your broker to advice you at what time it is, first because it’s easy for you to figure that time and second since if each trader ask this question and provide broker name, we’ll turn this thread into commercial use & brokers will start competition here and I’ll no longer find myself in between all…LOL

No Worries, but the problem comes in if each trader want to throw numbers here and there, this thread will become a mix, then why don’t each “predictor” start a new thread on his own would be better.
I have no time to comment on each trader numbers and at first my Daily Signals & Analysis provide the reply itself.
You, & others can come close some miles from my signals as Lottery Predictors, maybe after some decade time…LOL

Lowering the distance is good as a Runner who start trying to beat the world record, it needs years and consistent effort and as the time is cut at each try, the feeling get better as confidence to try coming somehow close at least with willingness at first, will be a Good Achievement since some goals are far from reach.

I didn’t get where I am here between night and daytime.

Keep trying hard, never give up is the answer

Both strategies are totally different. The Short Term Signals rely on bounce trading(countertrend) while the Medium Term Analysis rely basically on Swing trading(With The Trend) and in some occasions(reversals) on breakout trading.

And, as the names say, the Short term is for short time trading while Medium Term is for Medium time trading.

Enjoy Trading

Hello goodpunk,

I coincidentally found your this post, try to leave your question at mid-day since in middle of my posting time, I might not see your post to reply.

Your question is too “General”, what happened to OIl.

As you see it held at retracement for sometime before breaking up as breakout strategy trading then later it simply collapsed down continuing its downtrend movement(as you see my past days analysis).

Traders who follow my posts details(not enter from an ear and get out from the other!!) must have well remember that I stated in past times that a pair, Gold & Oil can break retracement within the day but close under or above(depending on trend direction) it before day end to keep its current trend.
For example, from few days Gbp/Usd broke around 15 pips retracement that was at 1.5690/00 to reach 1.5715 but fell down later before end of day, same as Aussie & Kiwi which both failed to keep uptrend in the process of the Try(“trying to base on uptrend”).

Good Luck

FMM, we want to start a new thread about the trading journal using your signals. From $100 to a million within 3-4 years. And if any additional indicators each trader used for making the decission, that’s will keep this thread “clean” with your signals and strategy only. So newbies like I was not too much headache.

Maybe you should come and join us in the new thread with $100 (no more/less), see & learn from the master itself :stuck_out_tongue:

Peace Sir, have a great day :slight_smile:

haha… but if convert to malaysian ringit… quite many for me xD
my volume set 0.05… and every time i wont be so patient… always close the trade early@@

Thanks Dan, i got an demo account that im shoting some MT and i got an entry on U/J 1 week ago that this open, and hit -40 last week but now are +50 pips, time to close?

Thanks a lot FMM … Happy trading to all…

Yes agree, Trading MT signals really require patience… And reward is good pips… Yes you should test MT on the demo first to get yourself comfortable…
All the best :)…