Thanks Dan… Will wait for your charts…
Good that you don’t fully follow the news… News trading is called fundamental trading…
I lost because I was only following the news and ignoring the technicals…
FMM has teaches us to respect technicals…
I actually looking for breakout confirmation for EUR/USD.
Already buying at 50% Fib swing (@ 1.2366) chasing TP1 breakout buy (sorry out of FMM rules by now).
If not confirmed, I’ll close it immediately, but already set SL to @1.2386.
Yeah, it’s just another crazy Friday. Let’s see interesting next week, if trend is really changing as May have past and big movement (>150pips) swing to Fib 50 right now, back move upper (saw it before as trend changer).
Yep, seems can’t break it and maybe continue the trend.
Note: risking only 2% capital for playing a little gambling. closed at SL
Anyone on GOLD here??
Look at the chart. wow!
Fighting major SR right now
Hello FMM and all other fellow traders
Thanks again for the signals and analysis. I was able to catch USDJPY and made 40 pips out of it.
So in total now I have made 150 pips in 7 trading days with your help and signals. Great work done dude.
Looking forward for next week’s signals and analysis.
Thanks a lot
Kivanc
With regard to trading the short term signals, how does it work when using the 30 pip SL?
My understanding is that you plot the levels on a 5 min chart and take the counter trade at first touch, correct?
There are multiple TPs…
In the example of:
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
You would buy @ 2305/10 with a 30 pip stop and TP of 10 pips?
then buy again @ 2280 with a 30 pip SL and TP of 10 pips? and so on…?
That’s right, only I put T/P to 15 pips and I set them all to pending right as FMM issues his signals in the evening/cet. This way you have 2 to 1 against you without the FMM’s input. Also, you should really set an alarm that will notify you if the price reaches up to 7 pips close to FMMs ST signals and then pulls back while you are away, so that you know that it’s probably the best to discontinue the signal then…I could upload you here the mt4 alarm that makes and audible and email/sms alarm out of every line you set—if you don’t have one that is…
Hello Traders,
Forex Signals & Analysis for 4th June 2012:
Short Term Signals:
Usd/Chf Buy at 0.9590/95 then 0.9560/65 then 0.9480/85, sell at 0.9765/70 then 0.9815/20 then 0.9865/70
Usd/Jpy Buy at 77.35/40 then 77.10/15 then 76.55/60, sell at 78.70/75 then 79.05/10 then 79.50/55
Euro/Usd Buy at 1.2290/95 then 1.2220/25 then 1.2155/60, sell at 1.2520/25 then 1.2560/65 then 1.2665/70
Gbp/Usd Buy at 1.5240/45 then 1.5185/90 then 1.5100/05, sell at 1.5470/75 then 1.5520/25 then 1.5610/15
Medium Term Daily Analysis:
Usd/Chf This pair is on uptrend, retracement at 0.9610/15, as swing buy with Tp1 0.9765/70 Tp2 0.9815/20 Tp3 0.9865/70 while as breakout sell with Tp1 0.9590/95 Tp2 0.9560/65 Tp3 0.9480/85
Usd/Jpy This pair is on downtrend, low resistance at 78.10/15, break is to retracement at 78.40/45, as swing sell with Tp1 low at 78.10/15 Tp2 77.35/40 Tp3 77.10/15 Tp4 76.55/60 while as breakout buy with Tp1 78.70/75 Tp2 79.05/10 Tp3 79.50/55
Euro/Usd This pair is on downtrend, retracement at 1.2490/95, as swing sell with Tp1 1.2290/95 Tp2 1.2220/25 Tp3 1.2155/60 while as breakout buy with Tp1 1.2520/25 Tp2 1.2560/65 Tp3 1.2665/70
Gbp/Usd This pair is on downtrend, retracement at 1.5420/30, as swing sell with Tp1 low at 1.5270/75 Tp2 1.5240/45 Tp3 1.5185/90 Tp4 1.5100/05 while as breakout buy with Tp1 1.5470/75 Tp2 1.5520/25 Tp3 1.5610/15
Usd/Cad This pair is on uptrend, retracement at 1.0340/50, as swing buy with Tp1 1.0480/85 Tp2 1.0510/15 Tp3 1.0585/90 while as breakout sell with Tp1 1.0305/10 Tp2 1.0260/65 Tp3 1.0205/10
Euro/Cad This pair is on uptrend, retracement at 1.2855/65, as swing buy with Tp1 1.3030/35 Tp2 1.3075/80 Tp3 1.3205/10 while as breakout sell with Tp1 1.2765/70 Tp2 1.2675/80 Tp3 1.2610/15
Gbp/Cad This pair is on downtrend, retracement at 1.5965/75, as swing sell with Tp1 1.5855/60 Tp2 1.5790/95 Tp3 1.5720/25 while as breakout buy with Tp1 1.6075/80 Tp2 1.6120/25 Tp3 1.6215/20
Aud/Usd This pair is on downtrend, retracement at 0.9710/20, as swing sell with Tp1 0.9570/75 Tp2 0.9515/20 Tp3 0.9450/55 while as breakout buy with Tp1 0.9780/85 Tp2 0.9820/25 Tp3 0.9910/15
Aud/Jpy This pair is on downtrend, retracement at 76.15/20, as swing sell with Tp1 74.25/30 Tp2 73.55/60 Tp3 72.70/75 while as breakout buy with Tp1 76.75/80 Tp2 77.35/40 Tp3 78.35/40
Nzd/Usd This pair is on downtrend, retracement at 0.7545/50, as swing sell with Tp1 0.7445/50 Tp2 0.7405/10 Tp3 0.7360/65, while as breakout buy with Tp1 0.7600/05 Tp2 0.7630/35 Tp3 0.7695/00
Euro/Jpy This pair is on downtrend, retracement at 97.40/50, as swing sell with Tp1 low at 96.20/30 Tp2 95.45/50 Tp3 94.75/80 Tp4 93.95/00 while as breakout buy with Tp1 98.05/10 Tp2 98.55/60 Tp3 99.65/70
Gbp/Jpy This pair is on downtrend, retracement at 120.90/00, as swing sell with Tp1 119.60/65 Tp2 118.25/30 Tp3 117.60/65 Tp4 116.40/45 while as breakout buy with Tp1 121.35/40 Tp2 122.10/15 Tp3 123.15/20
Chf/Jpy This pair is on downtrend, retracement at 81.10/15, as swing sell with Tp1 low at 80.10/15 Tp2 79.50/55 Tp3 78.90/95 Tp4 78.25/30 while as breakout buy with Tp1 81.60/65 Tp2 82.05/10 Tp3 82.95/00
Gbp/Chf This pair is on downtrend, retracement at 1.4900/10, as swing sell with Tp1 low at 1.4810/20 Tp2 1.4760/65 Tp3 1.4730/35 Tp4 1.4630/35 while as breakout buy with Tp1 1.4965/70 Tp2 1.5025/30 Tp3 1.5080/85
Oil is on downtrend, retracement at 83.35/40, as swing sell with Tp1 80.80/85 Tp2 79.65/70 Tp3 77.15/20 while as breakout buy with Tp1 86.70/75 Tp2 88.35/40 Tp3 90.10/15
Gold is on uptrend, retracement at 1595/96, as swing buy with Tp1 1665/66 Tp2 1684/85 Tp3 1739/40 while as breakout sell with Tp1 1549/50 Tp2 1513/14 Tp3 1483/84
- Many pairs will be trying to set a Medium Term Reversal today after Friday Very Bad NFP Numbers for the Dollar Currency. But the EuroZone Debt Crisis is still in the seen, this is why a deeper retracement is needed today to approve a breakout. So, I do not say Rain until I see Water dropping from the sky…
Take Note Crucial News Releases for many currencies will start from tomorrow and interest rates with Monetary Policies will be the main attention.
Have A Great Trading Day
Thanks Konan. I have an alarm already. So, the R:R is 1:2 as you’re only going for 15 pips but risking 30?
Also, there are times when you’re in two trades at once on the same pair, right? Ex: E/U short @ 2500 w
a 30 pip stop and E/U short @ 2475 (w 30 pip SL) so in this case, you would have 2 E/U positions… one
that is 5 pips from hitting its SL, correct?
What i do is i set buying and selling first/closest signal to price action as pending order and then rest till 9 Cet and London opening…Next pending order i only enter if the first signal has been completed. I count signals as valid from 11 pm to 9 or 10 pm the next day CET…
And yes, I prefer to take 15 pips automated. Also, please before doing all this try it out on a demo account from your broker. Some brokers have variable spreads which is hard on this method too lol…
Best of luck.
So far no trade can enter yet… Cant find any hitting RT
Yes we are all waiting for it to open a trade… Wait and watch …
Happy trading to all
Thanks a lot FMM … Happy trading week to all of us :)…
Gbp/Jpy This pair is on downtrend, [B]retracement at 120.90/00[/B], as swing sell with Tp1 119.60/65 Tp2 118.25/30 Tp3 117.60/65 Tp4 116.40/45 while as breakout buy with Tp1 121.35/40 Tp2 122.10/15 Tp3 123.15/20
something wrong there? 120.90?
This is what I’m seeing on my broker’s feed, 1H. Red vertical line represents 11 pm CET and the earliest I take FMM signals to begin at…Are those doted lines you drew FMM’s RT? Seems like your first two candles do not resemble mine :33:. Also, how did you confirm this sell position? Thx
Then I counted the candles and realized that one is missing.
Both are supposed to be ecn stp brokers, but seems like mine is crap, lol, compared to ATC…
These damn brokers man, I tell you, wild wild west!
Still running:
Long AUD/USD @ 0.9710, locked at BE
Long NZD/USD @ 0.7550, locked at BE
Cancelled order: EUR/USD, USD/CHF, EUR/JPY; waiting next day
I can,t post on my browser. Only android babzpips app…what are they doing? Any1 else with same problem?
Just says something like " method denied" …