@FMM,
When mentioning waiting for the spike and then trading the retrace, does this mean we need to wait for the retrace from the spike and trade in the direction of the spike or counter-direction of spike? As always, thank you my friend.
Trading the news releases has its own risk. When trading High Impact news, knowing the number released quickly and if compatible to my numbers and good for currency, for example Euro/Usd Good news for Euro, when the spike up occur, you ait for the same spike candle retrace(goes down to middle or even little below as 30%) and join this spike when it continues upward.
Plotting lines of resistance and support(ret. and Tp. Targets) like a preparation procedure is important to not miss quick exits. Sometimes the spike goes both ways, mostly in NFP news release or during Central Banks Presidents talksā¦
But in other cases, itās much easier like using the method I explained above.
*Friday(Tomorrow) Iāll be available before market close by 2 hours time to answer Traders questions and provide some advices Live at babypips Live Chat.
Good Luck
Hello FMM,
Tomorrow around 9 or 10 PM Cet you will be on chat here?
Thx
I canāt be online when Market closing. So can any body save the chat history and share here?
Sure, Iāll try toā¦ You have any questions you would like to ask FMM too? I can pass them offā¦Pm me
Check you Inboxā¦ 
Salim
Here is a trade I took today.
I took 100 pips on this trade. The green rectangle is FMM retracement level. The Pair went beyond TP3 level.
Now GBP/CAD short from 1.5945. Lolā¦ I took a short entry on AUD/USD this morning from 0.9960 to the retracment level. Because 130 pips to the retracement level from the above. Closed with +20 pips.
Enough for today.
Salim
Hello Traders,
Forex Signals & Analysis for 8th June 2012:
Short Term Signals:
Usd/Chf Buy at 0.9505/10 then 0.9485/90 then 0.9455/60, sell at 0.9595/00 then 0.9610/15 then 0.9650/55
Usd/Jpy Buy at 79.10/15 then 78.85/90 then 78.60/65, sell at 79.95/00 then 80.15/20 then 80.50/55
Euro/Usd Buy at 1.2510/15 then 1.2485/90 then 1.2435/40, sell at 1.2625/30 then 1.2655/60 then 1.2690/95
Gbp/Usd Buy at 1.5400/05 then 1.5345/50 then 1.5265/70, sell at 1.5635/40 then 1.5685/90 then 1.5775/80
Medium Term Daily Analysis:
Usd/Chf This pair is on downtrend, retracement at 0.9575/80, as swing sell with Tp1 0.9505/10 Tp2 0.9485/90 Tp3 0.9455/60 while as breakout buy with Tp1 0.9595/00 Tp2 0.9610/15 Tp3 0.9650/55
Usd/Jpy This pair is on uptrend, retraceemnt at 79.25/30, as swing buy with Tp1 79.95/00 Tp2 80.15/20 Tp3 80.50/55 while as breakout sell with Tp1 79.10/15 Tp2 78.85/90 Tp3 78.60/65
Euro/Usd This pair is on uptrend, retracement at 1.2530/40, as swing buy with Tp1 1.2625/30 Tp2 1.2655/60 Tp3 1.2690/95 while as breakout sell with Tp1 1.2510/15 Tp2 1.2485/90 Tp3 1.2435/40
Gbp/Usd This pair is on uptrend, retracement at 1.5485/95, as swing buy with Tp1 1.5635/40 Tp2 1.5685/90 Tp3 1.5775/80 while as breakout sell with Tp1 1.5400/05 Tp2 1.5345/50 Tp3 1.5265/70
Usd/Cad This pair is on downtrend, retracement at 1.0290/00, as swing sell with Tp1 1.0205/10 Tp2 1.0175/80 Tp3 1.0140/45 while as breakout buy with Tp1 1.0325/30 Tp2 1.0345/50 Tp3 1.0395/00
Euro/Cad This pair is on uptrend, retracement at 1.2870/80, as swing buy with Tp1 1.2960/65 Tp2 1.2990/95 Tp3 1.3040/45 while as breakout sell with Tp1 1.2840/45 Tp2 1.2805/10 Tp3 1.2765/70
Gbp/Cad This pair is on downtrend, trying to change this view today, retracement at 1.5965/70, as swing sell with Tp1 1.5870/75 Tp2 1.5825/30 Tp3 1.5790/95 while as breakout buy with Tp1 1.6005/10 Tp2 1.6030/35 Tp3 1.6090/95
Aud/Usd This pair is on uptrend, retracement at 0.9860/70, as swing buy with Tp1 1.0000/05 Tp2 1.0050/55 Tp3 1.0095/00 while as breakout sell with Tp1 0.9825/30 Tp2 0.9795/00 Tp3 0.9715/20
Aud/Jpy This pair is on uptrend, retracement at 78.20/25, as swing buy with Tp1 79.80/85 Tp2 80.35/40 Tp3 80.95/00 while as breakout sell with Tp1 77.95/00 Tp2 77.50/55 Tp3 76.75/80
Nzd/Usd This pair is on uptrend, retracement at 0.7640/50, as swing buy with Tp1 0.7740/45 Tp2 0.7780/85 Tp3 0.7810/15 while as breakout sell with Tp1 0.7625/30 Tp2 0.7605/10 Tp3 0.7550/55
Euro/Jpy This pair is on uptrend, retracement at 99.35/45, as swing buy with Tp1 100.80/85 Tp2 101.20/25 Tp3 101.80/85 while as breakout sell with Tp1 99.15/20 Tp2 98.75/80 Tp3 98.15/20
Gbp/Jpy This pair is on uptrend, retracement at 122.80/90, as swing buy with Tp1 124.85/90 Tp2 125.40/45 Tp3 126.55/60 while as breakout sell with Tp1 122.10/15 Tp2 121.35/40 Tp3 120.45/50
Chf/Jpy This pair is on uptrend, retracement at 82.70/75, as swing buy 83.90/95 Tp2 84.25/30 Tp3 84.75/80, while as breakout sell with Tp1 82.55/60 Tp2 82.20/25 Tp3 81.70/75
Gbp/Chf This pair is on downtrend, retracement at 1.4890/00, as swing sell with Tp1 1.4750/55 Tp2 1.4705/10 Tp3 1.4650/55 while as breakout buy with Tp1 1.4820/25 Tp2 1.4955/60 Tp3 1.5020/25
Oil is on downtrend, retracement at 84.35/40, as swing sell with Tp1 81.90/95 Tp2 low at 81.50/55 Tp3 81.05/10 Tp4 78.75/80 while as breakout buy with Tp1 86.75/80 Tp2 88.25/30 Tp3 89.50/55
Gold is trying to base on downtrend, if bases below 1599/00 to target as swing trading Tp1 1561/62 Tp2 1548/49 Tp3 1516/17 while as breakout buy with Tp1 1629/30 Tp2 1648/49 Tp3 1668/69
We have Important News releases today for the Sterling, Loonie and Dollar Currency:
-
UK PPI Input: Buy Gbp/Usd if -0.5% or better while sell if -1.5% or worse
-
CAD Unemployment Rate, Employment Change & Trade Balance(All at same time of release): Buy Usd/Cad if 7.4% or worse, below 0K, or/& 0.2B or worse while sell if 7.2% or better, 20K or better, or/& 0.4B or better
-
US Trade Balance: Buy Usd/Chf if -47B or better while sell if -51B or worse
- Aussie traders will be focsuing at Aud Trade Balance and most improtantly is RBA Governor Glenn Stevens who will talk some hours from nowā¦
Have A Great Trading Day and An Exciting Weekend
Announcement: Iāll be available for your questions Traders today before market close by 2 hours time at babypips Chat Room.
It will be easy for you to find whatās that time in your local time by following your broker watch time or whatever way you have.
That time will be surely suitable for US Citizens, will be at afternoon time, for European Citizens it will be at time you go to bed you lazyā¦lol Maybe it will be a silly time for Asian and Australian Citizens as it will be somewhere at early morning time.
But who want to talk to ForexMoneyMaker must give some sacrify;)
See You Laterā¦
Salim, why did you take profit at 100 pips. The pair did not reach Tp3 but Tp2 124.20/25 and few pips more(High price was 124.33, pardon me for the 7pip differenceā¦lol)
This is a 200 pip but since the pair did not continue to Tp3 you must have locked profit at 150pips(my medium stratgey TP rule, as profit reach 100pips you lock as breakeven at 50pips, 150 at 100, 200 at 150ā¦) not 100pips and a question to be asked, looks you took Tp before the pair even reach Tp2 because after TP2 was hit, the pair did not go down to 100pip from retracement level as measurement!! You had exit early, right?
Good Luck
No, I have a job. So that I put a 100 pip profit target. I canāt watch oftenly the chart so it hit the TP. If I can watch I can manage the trade too. Looking forward to give up the day job. 
Thanks for your generous support.
Salim
All the major pairs are on a down trend against usdā¦
Buy all majors vs the dollar from dips, pairs will fight to close at high price or around retracement levels today to keep recent uptrend movement.
If that do not happen, Take Stop Loss below recent lows by 50pips or the other TP target that did not reach yet.
Good Luck
See You Later in Chat Room.
are thr going for a reverse?
hi i hope you will be fine.
FMM i need your help, actually today i have entered in 2 trades of gold 1 long @1620 and 2 short 1570 .
long according to your signals and short i was confused about it.
NOW plz tell what should i do ? close short or continuous both?
thanks
Some of you traders KILL ME.
First of all, how had you buy at 1620 when Gold High price till now is 1594!?
Second, How are your trades according to my signals?!!
This was my Daily Analysis for Gold Today:
Gold is trying to base on downtrend, if bases below 1599/00 to target as swing trading Tp1 1561/62 Tp2 1548/49 Tp3 1516/17 while as breakout buy with Tp1 1629/30 Tp2 1648/49 Tp3 1668/69
Where do you see anything mentioning 1620(that had not even reached) or 1570??
Where do you see me ever talking about hedging like you had done??
You must had searched for a short opportunity to sell at retracement or a buy opportunity at the Tp targets.
Other than that, you are not using my strategies nor price levels.
Traders here must try to be more accurate and transparent while talking about trading my signals and analysis.
I am happy to help you if you use my strategies and fail or make some mistake but donāt use other signals and come to me as if saying āI used your signals and analysis and went wrongā
Meet you all at Chat Room Now
thank you very much FMM.
im very upset that i couldnāt follow your strategy but now i ll learn from you.
thanks again for help, i want to talk you at chat tell me when you ll free i ll join you chat.
when market will open again should i close buy trade @1592 or 1594 ?
In the spirit of transparency, lol, as I promised you yesterday sirā¦
Eur/Jpy I bought at the retracement based on candlestick formation and trend.
Down are 1 hour chart and 5 minute oneā¦Please tell me where I went wrong? Btw, no significant news for this pair on 8th of June, Friday.
Hello, any goodsoul can link the 2 oficeword files which explains the strategy, i changed computer and want to have to reread.
Thanks.