Forex Buy & Sell Trading Signals

Konan, the 1 HR candles have been working quite nicely as of late. I post a couple of charts each day to show how I am looking at them.

As far as the past between us, everything is water under the bridge my friend. Going forward I want to make sure I am helping my fellow traders, not hindering.

Cheers

Dan

Hello Traders,

Forex Signals & Analysis for 1st June 2012:

Short Term Signals:

Usd/Chf Buy at 0.9655/60 then 0.9630/35 then 0.9600/05, sell at 0.9750/55 then 0.9770/75 then 0.9810/15

Usd/Jpy Buy at 77.80/85 then 77.60/65 then 77.00/05, sell at 79.05/10 then 79.45/50 then 79.80/85

Euro/Usd Buy at 1.2305/10 then 1.2280/85 then 1.2230/35, sell at 1.2435/40 then 1.2465/70 then 1.2505/10

Gbp/Usd Buy at 1.5305/10 then 1.5260/65 then 1.5165/70, sell at 1.5530/35 then 1.5595/00 then 1.5665/70

Medium Term Daily Analysis:

Usd/Chf This pair is on uptrend, retracement at 0.9670/80, as swing buy with Tp1 0.9750/55 Tp2 High at 0.9770/75 Tp3 0.9810/15 while as breakout sell with Tp1 0.9655/60 Tp2 0.9630/35 Tp3 0.9600/05

Usd/Jpy This pair is on downtrend, low resistance at 78.45/50, break to retracement at 78.75/80, as swing sell with Tp1 low at 78.35/40 Tp2 77.80/85 Tp3 77.60/65 Tp4 77.00/05 while as breakout buy with Tp1 79.05/10 Tp2 79.45/50 Tp3 79.80/85

Euro/Usd This pair is on downtrend, retracement at 1.2410/20, as swing sell with Tp1 1.2305/10 Tp2 low at 1.2275/85 Tp3 1.2230/35 while as breakout buy with Tp1 1.2435/40 Tp2 1.2465/70 Tp3 1.2505/10

Gbp/Usd This pair is on downtrend, retracement at 1.5485/95, as swing sell with Tp1 1.5305/10 Tp2 1.5260/65 Tp3 1.5165/70 while as breakout buy with Tp1 1.5530/35 Tp2 1.5595/00 Tp3 1.5665/70

Usd/Cad This pair is on uptrend, retracement at 1.0290/00, as swing buy with Tp1 1.0390/95 Tp2 1.0420/25 Tp3 1.0475/80 while as breakout sell with Tp1 1.0245/50 Tp2 1.0210/15 Tp3 1.0165/70

Euro/Cad This pair is on downtrend, retracement at 1.2780/90, as swing sell with Tp1 low at 1.2715/20 Tp2 1.2685/90 Tp3 1.2645/50 while as breakout buy with Tp1 1.2820/25 Tp2 1.2850/55 Tp3 1.2885/90

Gbp/Cad This pair is on downtrend, low resistance at 1.5915/20, break to retracement at 1.5840/50, as swing sell with Tp1 1.5915/20 Tp2 1.5865/70 Tp3 1.5845/50 Tp4 1.5800/05 while as breakout buy with Tp1 1.5970/75 Tp2 1.6000/05 Tp3 1.6030/35

Aud/Usd This pair is on downtrend, retracement at 0.9760/70, as swing sell with Tp1 0.9660/65 Tp2 0.9625/30 Tp3 0.9580/85 while as breakout buy with Tp1 0.9790/5 Tp2 0.9820/25 Tp3 0.9870/75

Aud/Jpy This pair is on downtrend, retracement at 76.75/80, as swing sell with Tp1 75.45/50 Tp2 75.00/05 Tp3 74.35/40 while as breakout buy with Tp1 77.10/15 Tp2 77.55/60 Tp3 78.10/15

Nzd/Usd This pair is on downtrend, retracement at 0.7550/60, as swing sell with Tp1 0.7480/85 Tp2 0.7455/60 Tp3 0.7415/20 while as breakout buy with Tp1 0.7580/85 Tp2 0.7610/15 Tp3 0.7640/45

Euro/Jpy This pair is on downtrend, retracement at 97.75/80, as swing sell with Tp1 low at 96.65/75 Tp2 95.95/00 Tp3 95.55/60 Tp4 94.65/70 while as breakout buy with Tp1 98.05/10 Tp2 98.60/65 Tp3 99.25/30

Gbp/Jpy This pair is on downtrend, retracement at 121.95/00, as swing sell with Tp1 low at 120.55/65 Tp2 119.30/35 Tp3 118.70/75 Tp4 117.30/35 while as breakout buy with Tp1 122.50/55 Tp2 123.40/45 Tp3 124.35/40

Chf/Jpy This pair is on downtrend, retracement at 81.35/40, as swing sell with Tp1 low at 80.45/50 Tp2 79.90/95 Tp3 79.50/55 Tp4 78.75/80 while as breakout buy with Tp1 81.60/65 Tp2 82.10/15 Tp3 82.60/65

Gbp/Chf This pair is trying to base on downtrend, below retracement at 1.4970/80, as swing sell with Tp1 1.4905/10 Tp2 1.4885/90 Tp3 1.4830/35 while as breakout buy with Tp1 1.5025/30 Tp2 1.5065/70 Tp3 1.5095/00

Gold is on downtrend, retracement at 1566/67, as swing sell with Tp1 1547/48 Tp2 1541/42 Tp3 low at 1530/31 while as breakout buy with Tp1 1575/76 Tp2 1582/83 Tp3 1591/92

Oil is on downtrend, retracement at 87.60/65, as swing sell with Tp1 low at 85.85/90 Tp2 85.10/15 Tp3 84.40/45 Tp4 83.00/05 while as breakout buy with Tp1 88.35/40 Tp2 89.30/35 Tp3 90.30/35

We have Crucial News Releases today for the Swiss Franc, Sterling, Loonie, & Dollar Currency:

  • CHF Retail Sales: Buy Usd/Chf, Euro/Chf, Gbp/Chf if 3% or lower while sell if 4% or higher

  • UK Manufacturing PMI: Buy Gbp/Usd if 51 or better while sell if 47 or lower

  • CAD GDP: Buy Usd/Cad if 0.2% or lower while sell if 0.6% or higher

  • US NFP: Buy Usd/Chf & Usd/Jpy if 170K or better or/& 8.0%(or better like 7.9%) or 8.1% while Buy Euro/Usd & Gbp/Usd if 130K or worse or/& 8.2% or worse(like 8.3%)

  • US ISM Manufacturing PMI: Buy Usd/Chf & Usd/Jpy if56 or better while Buy Euro/Usd & Gbp/Usd if 52 or worse

Have A Great Trading Day & A Lovely Weekend

To avoid confusion, correction:
Gbp/Cad This pair is on downtrend, low resistance at 1.5915/20, break to retracement at 1.5940/50

Thanks a lot FMMā€¦ Happy trading to allā€¦

ā€¦and to all a good DAY!!! LOL

Entered the EUR/CAD trade this evening. Looking interestingā€¦

@utah

Itā€™s silly dude, this online typing under usernames and so impersonal. I had nothing against you personally, just I couldnā€™t watch FMM being disrespected or trolled by a user named Utahā€¦ You see what Iā€™m saying?..I donā€™t know you personally enough to know what the hell you were up to as some people online take up personas quite different to their own, they want to troll, be subversive, etcā€¦ You posted some posts that were in my opinion out of order here and I wanted to hold you accountable and make you stop with the nonsense, thatā€™s all.

Hai Traders,

Hope you are trading well. Some of us seems very difficulty to trade on this signals. Most of the traders fear to enter a trade from the retracement levels.

First we want courage to enter a trade. Fear cost money.

Some traders enter a solid trade and they close early due to fear. Itā€™s not good in Forex market in my humble opinion. we need at least 1:1 reward risk ratio to survive in this market.

I told you before Patience is virtue. Be patient if you enter a trade. Donā€™t change the stop loss or target until one of them hit.

Last couple of week the market is trending. Most of the traders fear to enter a trade. They think the market is going to reverse. Most of the traders here missed some best trades because the price of given pairs didnā€™t touch the retracement level. Somebody complained the market is behave like ā€¦

Where is our problem? Proper Education, right?

Please donā€™t learn too much. It spoil your trading skill.

I can give my 10 cent recommendation to all.

Please read about candle stick patterns from here Baby Pips School of Pipsology. Itā€™s has a tremendous value in the Forex Market. We can see market behavior in any candle. There are very few I think less than five candle stick patterns you need to know, they are reversal and indecision candles.

Read about Support and resistance terminology. IF YOU UNDERSTAND WHAT ARE THE SUPPORT AND RESISTANCE AREAS THEN YOU CAN UNDERSTAND FMM RETRACEMENT LEVELS VERY EASILY. I stress you itā€™s very important.

Last but not least. Learn Market Bias. If you know current market bias then you can easily trade on FMM signal.

Next couple of days spend some time to learn above mentioned things.

Create your own trading plan. Trade as per your plan. Which time frame suits you etcā€¦ Find a trading system suits you. This thread is based on a best trading system in my knowledge. FMM told you all understand how these signals come out.

Happy Pippin,

Best of Luck :slight_smile:

Salim

Hai traders,

Here a trading idea. FMM told us about it one time. I think some traders didnā€™t noticed it.

After closing daily candle, Most of the time it retrace. If anybody watching New York closing, then he can enter a trade to retracement levels.

How?

Watch 1H candle stick chart. After closing New York market watch one hour chart. If it touches any support or resistance area OR 1H candle showing a Pin bar or Doji, enter a trade against the Bias. Take 10 to 30 pips. Donā€™t be greedy. It works until UK open. Most pairs hit the retracement level in this session.

You can confirm where retracement levels when FMM post the signals. I donā€™t recommend to put TP on retracement levels. The pairs might turn around and follow the trend before hit the retracement level. LOLā€¦ some times the pair go beyond the retracement level as FMM mentioned Break out.

Donā€™t be frustrated now friends. After some years of experience you will be a Pro and you can trade any direction.

Konan, Donā€™t be in a urgency. It Blow up your all savings. So Learn. Grow slow and steady. You will be rewarded by time and you will be a Billionaire. :smiley:

Good luck traders

Salim

@Salim

Thanks for your lesson ā€¦ i hope it will help everyone like meā€¦ But here one thing i can not understandā€¦

FMM ā€¦ What is FMM signal ???

LOL are you the Kibrul from FF that get scolded by HDA?

@pippinpips

R u know where is HDA
I m looking him but he is unable able in FF

Yes me kinrul

Hello Dan,

Any other pair touching the RT levelā€¦ Just checking the price now ā€¦ All major pair have already fallen against the dollarā€¦

Thanks Salimā€¦ Itā€™s really encouragement for new traders like me who are using FMM strategyā€¦

Today is Non farm payroll newsā€¦ So pls Trade patientlyā€¦

Thanks for the correctionā€¦

Got some quote:

Warren Buffet, ā€œ[B]Be Fearful When Others are Greedy AND Be Greedy When Others are Fearful[/B]ā€

Know the beauty things about Forex Market?
I entered with $1000, won up to $500 and now lost almost of it LOL
Fortunately when I almost lost it all, I found this signal and building it up. Thanks FMM!
Read much about newbiesā€™ mistakes:

  1. Won at first, over-confidence and will not accept the loss (didnā€™t put SL)
  2. Won at first, so no more learning curves
  3. Grudging about the first loss (must be BIG LOSS in one trade!!), fearness come in and put the finger on the market tooā€¦ bla bla bla ā€¦
  4. Too long holding the loss trade, much praying and hoping for wrong trade rather than cut the loss (Praying and Hoping just not suit market well lol)

Anybody expericenced the mistakes above?
Because I did! haha

Have a great weekend all. Great forum here, keep it up :slight_smile:

Erick

WOW, what a big move now.
Trend is changing??

Anyway, what the news came are actually?
I donā€™t follow economic news.

Yesā€¦ :smiley:

Yes experienced the sameā€¦ Been a new bee I lost both money and confidenceā€¦ Trying to get both these back thru trading FMM signals ā€¦ Thanks to FMM ā€¦