Hello FXFisherman Traders,
I am a Short & Medium Term Experienced Trader who enjoy gaining from the market quick pips( bt. 10 and 30) as bouncing trading for the Short Term Strategy while from 50 & above pips for the Medium Term Strategy relying on daily charts for start of up or downtrend movement of many pairs, besides Gold & Oil, using my advanced indicators as a whole system to figure that.
Short Term Strategy Take Profit is bt. 10 and 30 pips while stop loss is 30 pips, and very important note for this bouncing trading strategy(crucial resistance, support, psycological price levels) is you do not enter an order if a pair price hit few pips before my buy or sell signal then try it again but only if it directly hit it at first intact ot touch you enter a trade.
While for Medium Term Strategy Take Profit is 50 pips increased to 100 then 150 and so on... as a certain pair continues its up or downtrend movement each day and I'll daily update you about that, while stop loss is 50 pips from the start of daily candle taken order & Take Profit can be used as stop loss, if a pair moved with more than 50 pips gain but reversed before the 100 pips, you set stop loss at 50 pips gain from entry of order
2nd example is if a certain pair wasn't able to gain fast 50 pips from start of daily candle and you realized that its moving sideways or might possibiliy reverse then you TP bt. 10 and 50 pips
3rd example which is as the first one, if a pair reached 200 pips gain and reversed you can set stop loss at 150...
Ofcourse, After days of reading my posts you'll better learn how both strategies work.
Try to always follow my Trading Rules mentioned above for best results & lower risk.
And Trade them on a demo account till you are used to how my signals & analysis work before going live...
Keep your patience and discipline while trading forex.
I know that many traders here would be interested and excited about the big possibility of gaining big money from my Signals and Analysis.
And for the purpose of having sometime to know how my forex trading work for you to use it for best results besides having a clear idea of what to expect.
I'll now post my Forex Buy & Sell Trading Signals that were for Friday the
10th of June 2011 and tommorow at early morning(Monday) you'll have the new daily post for the 13th of June 2011.
Forex Analysis & Signals for the 10th June 2011:
Short Term Signals:
Usd/Chf Buy 0.8340/45 then 0.8310/15 then 0.8270/75, sell 0.8465/70 then 0.8495/00 then 0.8540/45
Usd/Jpy Buy 79.80/85 then 79.60/65 then 79.35/40, sell 80.60/65 then 80.75/80 then 81.15/20
Euro/Usd Buy 1.4410/15 then 1.4370/75 then 1.4265/70, sell 1.4650/55 then 1.4715/20 then 1.4785/90
Gbp/Usd Buy 1.6310/15 then 1.6285/90 then 1.6215/20, sell 1.6460/65 then 1.6505/10 then 1.6540/45
Medium Term Strategy:
Usd/Chf This pair succeeded with a breakout strategy yesterday but failed to follow up, today is squeezed in a small area bt. resistance & support, breakout strategy would also be in the game today.
Break and base above 0.8420 is to target 0.8580/90 while below 0.8390 is to target 0.8350 then break here might target maximum low for today at 0.8200
Usd/Jpy This pair is still on downtrend, after failure in early hours today to break above 80.50 and lower resistance at 80.20 might push it more down to target low at 79.60, while only above 80.50 would change my view to target 81.00
Euro/Usd This pair is squeezed bt. resistance and support waiting for a breakout to either side to decide direction for today, break and base above 1.4555 is to target 1.4650 then break here might target 1.4730/40 while break and base below 1.4490/00 would target low at 1.4340
Gbp/Usd This pair is starting a downtrend movement today, after basing below retracement at 1.6390/00, but I'll stay cautious because this pair is moving sideways from past days up and down.
1.6310/15 is an important support area(break here & base would extend weakness to our short term buy signals), so traders who sold around 1.6390/00 or above are safe to hold their sell orders till said support prices are penetrated or can take profit if they wish at that price, while only above resistance at 1.6400 would change our downside view to target 1.6460/70 first.
This pair might keep moving sideways till next UK Meeting Minutes in around 2 weeks time, ofcourse unless some surprise news hit the market like BOE official talks...
Euro/Chf This pair moving sideways and in a squeezed area today after failure to continue to the upside, break and base above 1.2220 is to target 1.2305/10 while below 1.2295/00 is to target 1,2160 & a break here is to extend weakness to 1.2100/10 then low at 1.2000/05 must hold
Gbp/Chf This pair also failed to continue to the upside, break and base above 1.3800 is to target 1.4000 while below 1.3740 is to target low at 1.3520 but with some support on the road down as 1.3700 then 1.3660 then 1.3630/40
Euro/Jpy This pair started a downtrend movement today basing below 116.70 after retracing in early hours to around 116.85, but a break and base 116.15 is necessary for price to continue to the downside targetting 115.90 support first then a break here is to 115.50 & weakness would extend below here to target low at 114.40/50
Gbp/Jpy This pair is still on downtrend, targetting low at 130.40 first, above 130.40 is to retracement at 131.95/00 then 132.20/30 must hold
Euro/Gbp This pair fell from uptrend and now moving in a squeezed area bt. resistance at 0.8890 break and base above is to high at 0.8960/70 while breaking below support at 0.8840 is to 0.8780.
Usd/Cad This pair is on downtrend today, retracement is at 0.9760, break and base above would change our view to target 0.9815/20 while low is at 0.9680
Aud/Usd This pair is still on downtrend started from 2 past days, targetting low at 1.0500/10 while retracement at 1.0660/70 break would change our view to target 1.0720 and 1.0760 must hold
Nzd/Usd This pair is still on uptrend after yesterday spiked confirmed that keeping it on upward channel, retracement is at 0.8210/15 break and base below would target 0.8180, break here would change our view targetting downside at 0.8060/70(if possible due to daily average price range but maybe as today is a friday), high is at 0.8360 must hold
Oil is still on uptrend, targetting our high yesterday at 102.40/50, today high is at 102.70/80, retracement is at 101.00/10, break is to 100.60/70 then 100 must hold but if broken then our upside view would change
Gold is still on uptrend, targetting high at 1563/64, retracement is at 1540 break and base below is to 1525
There's an important news release for the Canadian dollar today:
- CAD Employment Change: Buy Usd/Cad if 15K and below while sell if 40K and above
Have A Great Trading Day
Forex Signals for 13th June 2011:
Usd/Chf Buy 0.8390/95 then 0.837580 then 0.8360, sell 0.8490
Usd/Jpy Buy 79.90/95 then 79.70/75 then 79.50/55, sell 80/70/75 then 81.00/05
Gbp/Usd Buy 1.6140/45 then 1.6100/05, sell 1.6370/75 then 1.6440/45
Euro/Usd Buy 1.4225/30 then 1,4175/80, sell 1.4540/45
Euro/Jpy Buy 114.20 then 113.70/75, sell 116.80/85 then 117.60
Gbp/Jpy Buy 129.10/15 then 128.60/65, sell 131.75/80 then 132.45/50
Usd/Cad Buy 0.9715/20 then 0.9680 then 0.9650, sell 0.9835/40 then 0.9855/60
Gbf/Chf Buy 1.3585/90 then 1.3545/50, sell 1.3785/90 then 1.3840/45
Nzd/Usd Buy 0.8105/10, sell 0.8170/75 then 0.8275/80
Euro/Chf Buy 1.1995/00 then 1.1950/55, sell 1.2235/40 then 1.2300/05
Aud/Usd Buy 1.0470/75 then 1.0440/45 then 1.0360/65, sell 1.0645/50 then 1.0695/00
Euro/Gbp Buy 0.8790 then 0.8765/70 then 0.8705/10, sell 0.8920 then 0.8955/60 then 0.8990/95
Gold Buy 1519.50 then 1514.30/40, sell 1546.40 then 1553.70/80
Oil Buy 97.10 then 96.25/30, sell 101.90/95 then 103.40/45
Medium Term Strategy Analysis(Daily):
Usd/Chf This pair started an uptrend movement today targetting high at 0.8560/70 while retracement is at 0.8410/20, basiing below would change my upside view for a retest of 0.8350/55
Euro/Usd This pair started a downtrend movement on friday after succeeding with our breakout strategy(1.4490/00 to 1.4340 low, review previous post), today retracement is at 1.4440, break and base above must hold at 1.4490/00, only above here would change my downside view, while continuing downtrend is to target our short term buy signals first
Usd/Jpy This pair broke to the upside, but must base above 80.50 to start an uptrend movement by tommorow, targetting today high at 81.00/05 while retracement is at 80.30 break and base below would return it to downtrend channel with retest of 79.95, break and base below here would target low at 79.60
Gbp/Usd this pair started a downtrend movement on friday after breaking and basing below 1.6310/15(review previous post) and was a good breakout strategy, today retracement is at 1.6300, break is to 1.6320 but break here if occurs must hold at 1.6360, while low is at 1.6100/05
Euro/Chf This pair is again on downtrend, retracement is at 1.2155/60, break is to 1.2185/90 but only break and base above here would change my downside view for this pair to target high at 1.2280 while continuing on the downside is to target 1.2055/60 good support but a break here might extend weakness fast to a new historic low at 1.1975/80 first
Gbp/Chf this pair is moving sideways, trying to break above to base on uptrend, but that can only be achieved if breaks and bases above 1.3755/60 to them target our short term sel signals for this pair, while on the downside low is at 1.3630 then below is to our short term buy signals
Euro/Jpy This pair started a downtrend movement on friday(reviw previous post), today retracement is at 115.95/00, break is to 115.20 but only break and base above here would change my downside view to target 116.60/70, while as continuation of downtrend low is at 114.50/55
Gbp/Jpy This pair is still on downtrend, would move sideways today on downtrend channel bt. 130.90/00 and 130.20 crucial support, but if broke below here would target our short term buy signals.
Euro/gbp This pair is starting a downtrend today, targetting 0.8780/90 first while retracement is at 0.8860, only break and base above would change my downside view for this pair to target 0.8920/30
Usd/Cad this pair is moving sideways, high is at 0.9820/30, break and base below 0.9750 is crucial to return to the downside targetting 0.9710 but break here might target 0.9680. In general, no real movement for this pair, maybe a good trading for scalpers taking advantage of sideways current movement.
Aud/Usd This pair is still on downtrend started from 3 past forex days, retracement is at 1.0590, only break and base above would change my downside view to target 1.0630/40 while low is at 1.0500/05, break here would extend weakness to the short term buy signals.
Nzd/Usd This pair is starting a downtrend movement today, basing below 0.8190/00 targetting low at 0.8080 that must hold, while only a base above said resistance at 0.8190/00 would change my downside view to retest 0.8220(despite this scenario is far of happening but we are as always ready for any possibility given by the market for any pair)
Gold This pair is still on downtrend but finding good support at our friday said low price 1525, only break here might extend weakness to target our short term buy signals for Gold
Oil is on downtrend today after a big collapse on friday to base below on the downtrend, retracement is at 99.90, break above is to target 100.20/30 but only base above here would change my downside view then to target 102.00, while low is at 97.40/50
* To clarify some forex words I use in my analysis: low means it would be a good buy order, high is a good sell order, retracement would be a good buy or sell order according to the pair current trend, for example for Euro/Usd pair today , this pair is on downtrend, retracement is at 1.4440, so it would be good to sell at that price at least for some good pips gain because you'll be still trading with the big trend(daily), while break means a good opportunity for breakout trading just as what happened successfully with Euro/Usd & Gbp/Usd pairs on friday, also break of retracement can lead to a breabout trading but keep cautious of false breakouts by using a strategy of some candles(at least on 5 minute chart, usually not below 3 candles) testing the retracement then basing above it to continue the breakout successfully,mainly the price moving more than 10 pips above retracement is enough to confirm a breakout strategy.
Some Important News Release to look at today but can't be actually traded but can be focused at waiting for a clear movement by the market afterwards:
-4:00am EUR Italian Industrial Production(not an important news but might leave some effect on the Euro Currency)
-10:00am EUR ECB President Trichet Speaks(Important for the Euro currency)
-2:00pm GBP MPC Member Weale Speaks(Important for the Sterling Currency)
* All time are EST
Forex Signals for 14th June 2011:
Usd/Chf Buy 0.8305/10 then 0.8280 then 0.8205/10, sell 0.8465/70 then 0.8510/15 then 0.8555/60
Usd/Jpy Buy 79.90 then 79.75 then 79.40/45, sell 80.70 then 80.90/95 then 81.15/20
Gbp/Usd Buy 1.6220/25 then 1.6150/55, sell 1.6460/65 then 1.6500/05
Euro/Usd Buy 1.4320 then 1.4275/80 then 1.4230/35, sell 1.4470/75 then 1.4495/00 then 1.4560/65
Euro/Jpy Buy 114.95/00 then 114.65/70 then 114.35/40, sell 116.00/05 then 116.20/25 then 116.65/70
Gbp/Jpy Buy 130.30/35 then 129.80/85 then 129.35/40, sell 131.95/00 then 132.20/25 then 132.95/00
Usd/Cad Buy 0.9720/25 then 0.9695/00, sell 0.9795/00 then 0.9815/20 then 0.9830/35
Nzd/Usd Buy 0.8085/90 then 0.8055/60 then 0.8000, sell 0.8225/30 then 0.8265/70 then 0.8310/15
Euro/chf Buy 1.1970/75 then 1.1930/35, sell 1.2155/60 then 1.2200/05 then 1.2265/70
Euro/Gbp Buy 0.8775 then 0.8760/65 then 0.8730/35, sell 0.8840 then 0.8860 then 0.8875/80
Aud/Usd Buy 1.0510/15 then 1.0470/75 then 1.0420/25, sell 1.0665/70 then 1.0700/05 then 1.0760/65
Gbp/Chf Buy 1.3600/05 then 1.3555/60 then 1.3500/05, sell 1.3780/85 then 1.3815/20 then 1.3890/95
Oil Buy 95.10/15 then 94.20/25 then 92.35/40, sell 99.40/45 then 100.65/70 then 101.95/00
Gold Buy 1503/25/30 then 1497.60/70 then 1484.70/80, sell 1533.10/20 then 1541.40/50 then 1550
Medium Term strategy:
Usd/Chf This pair reversed again to downtrend, but as always we're ready for all probabilities and a breakout strategy was successful, sold 0.8410 closed 0.8355(review previous post to know how & why)
Today retracement is at 0.8385/90 break and base above is to retest 0.8465/70 break here mioght target high at 0.8540(with good spike following crucial news release), while low is to our short term buy signals
Usd/Jpy This pair is still on downtrend after failure again to base above 80.50, today retracement is at 80.35 break and base above is to retest 80.70, break here is to 80.90/00 and would start an uptrend by tommorow if closes around there..
Euro/Usd This pair is still on downtrend despite spiking up yesterday and going to our yesterday & today retracement(good sell) at 1.4440 in early hours today, break and base above here is to 1.4500 while failure would take it back to crucial support now at 1.4350/55, break here is to retest 1.4320 then below is to our short term buy signals.
Gbp/Usd This pair reversed in late hours yesterday after "MPC Member Weale talks", today on uptrend high is at 1.6550/55 while retracement is at 1.6360 but break and base below 1.6340 would take it back to downtrend targetting previous crucial support at 1.6215
Euro/Chf This pair is still on downtrend, retracement is at 1.2100/05 break and base above is to 1.2150/60 while low is at 1.1950
Gbp/Chf This pair is tring to break to the upside but a base above 1.3730 is necessary to continue targetting 1.3780 then 1.3820 and if there's good buying power and sterling keeps powering might target 1.3950(not an always daily average price range(around 300 pips H/L) but had done it many times before).
Euro/Jpy This pair is still on downtrend, retracement is at 115.90 break and base above is to 116.20 and break here is to 116.40/50 while low is at 114.50/60
Gbp/Jpy This pair broke today to the upside but must base above 131.50 today to confirm an uptrend movement, targetting high at 132.20 first while below 131.20 is to low at 130.30/40
Euro/Gbp This pair is continuing its yesterday start of downtrend, targetted our said support ay 0.8780, break and base below here today might would target 0.8760 then 0.8640, a break here might extend weakness fast to 0.8660/70 later on or in coming days, retracement is at 0.8830 break is to 0.8850/60
Usd/Cad This pair is on downtrend today after breaking and basing below 0.9750 targetting today 0.9710, break & base below here would target 0.9680/85, while only base above 0.9770 would change my downside view for this pair and would target 0.9795/00
Aud/Usd This pair is trying to break to the upside but would face a crucial resistance at 1.0650, only basing above here would put it on uptrend and gain would extend fast to target 1.0720/30 while below is to 1.0610, and base below here is to target 1.0520 low
Nzd/Usd This pair also reversed after the fall yesterday on earthquake news but must base today above 0.8180 to target 0.8120 and confirm uptrend then targetting 0.8280 later on while below is to 0.8100 and break here would extend weakness to our short term buy signals
Gold is still on downtrend, retracement is at 1525/26 break here is to target 1535 and must hold there while low is at 1497/98
Oil is still on downtrend with another big fall yesterday even below our yesterday low and targettted the short term buy signal before going up again, today retracement is at 98.20/30, break and base above is to 99.50 then 99.80 must hold while low is to our short term buy signals
We have 2 Important news release for the Sterling & Dollar currencies today:
- UK CPI: Sell Gbp/Usd if 4.3% or below while Buy if 4.7% or above
- US Core Retail Sales: Buy Usd/Chf & Usd/Jpy if 0.7% or above while Buy Euro/Usd & Gbp/Usd if below 0%
Forex Signals for 15th June 2011:
Usd/Chf Buy 0.8350/55 then 0.8305/10, sell 0.8500/05 then 0.8525/30 then 0.8600
Euro/Usd Buy 1.4355/60 then 1.4315/20 then 1.4255/60, sell 1.4520 then 1.4555/60 then 1.4615/20
Usd/Jpy Buy 80.00/05 then 79.80/85 then 79.60, sell 80.75/80 then 80.95 then 81.25/30
Gbp/Usd Buy 1.6320/25 then 1.6300/05 then 1.6245/50, sell 1.6440/45 then 1.6475 then 1.6505/10
Usd/Chf This pair is on uptrend today, basing above 0.8420 targetting 0.8520/30, while below 0.8420 is to 0.8390. below would change my uptrend view to target 0.8350(it is laughable that this pair can't base on uptrend for at least some days despite being in historic lows, lets see what would happen today),
Usd/Jpy This pair is on uptrend today holding above support 80.30/40, targetting 80.90 first, while below said support is to 80.00/10, break here might target 79.50, another laughable pair that is looking as if broke to the upside but not liking the atmosphere there...lol
Gbp/Usd This pair started a good uptrend movement yesterday but reversed later on, today support at 1.6340 must hold to keep the upside view but generally as I said in past days, this pair would keep moving sideways till UK Meeting Minutes in around a week time, high is at 1.6540/50 while break and base below 1.6340 is to target crucial support at 1.6210/15
Euro/Usd This pair is still on uptrend, reached to our yesterday high 1.4500, and reversed, opening below 1.4440 today, targetting to 1.4360, break and base below would target our other short term buy signals, while above 1.4340 is to 1.4500/20 and break and base above is to our short term sell signals.
Euro/Chf This pair is trying to base on uptrend, holding above 1.2160 to target 1.2240/50 but a break above here is necessary to confirm the on uptrend while below 1.2160 might extend weakness again to 1.2000/10.
Gbp/Chf This pair is on uptrend today, basing above retracement at 1.3770 targetting 1.3940 while below retracement is to 1.3730/40 and a break here would turn it back to downtrend.
Euro/Jpy This pair is still on downtrend, based below 116.50 today after failing to base above, leading it back down and 116.00 is forming a low resistance today basing below is targetting 115.20/30 and low is at 114.50/60 while only above 116.50 would change my view and possibily target 117.40/50
Gbp/Jpy This pair started an uptrend yesterday, targetted our said high ay 132.20(little bit more to 132.30, finding a resistance there also today, breaking above here is crucial to keep good uptrend to target 132.80/90 while retracement is at 131.50, break and base below is to 130.30/40
Euro/Gbp This pair is still on downtrend from 3 past days, but finding good support at 0.8780 as expected, break and base below here is important and would extend weakness to 0.8760 then 0.8740, a break and base below here would extend weakness to 0.8660/70 while only above 0.8860 would change my view to target 0.8920/30
Usd/Cad This pair started a downtrend movement as said yesterday(around 100 pips gain, review previous post), today having good support at 0.9670 break is to 0.9640 then 0.9600 must hold while retracement is at 0.9720 and 0.9750 must hold, only break above would change my downside view for this pair.
Aud/Usd This pair succeeded in breaking yesterday and basing on the uptrend today, retracement at 1.0650(breakout point of start), targetting 1.0760/70, while only below retracement would change my view to target 1.0560/70 then 1.0500/10 must hold
Nzd/Usd This pair failed to base above and opened below 0.8180 today targetting 0.8110/15, break here would extend weakness to 0.8060/70 while only a base above 0.8180 would change my view targetting 0.8220 then a break is to 0.8280
Oil made 2 scenarios yesterday high and low with up and down movement, but opened below crucial yesterday said resistance at 99.80 targetting 97.20, while basing above 99.80 is to target 102.40/50
Gold is still on downtrend, opening below today retracement at 1528/29, break is to 1533/34 then only above here would change my view to target 1545/46 while low is at 1503
* Pardon me traders for some typing mistakes because I am too busy and trying to cut my body to many parts in order to be here and there..lol, but hopefully you're being aware of those small typing errors & understanding the bigger idea...
We have an Important News Release for the dollar currency today:
- US Core CPI: Buy Usd/Chf & Usd/Jpy if 0.3% or above while Buy Euro/Usd & Gbp/Usd if below 0.1%
Have A Great Trading day
Forex Signals For 16th June 2011:
Usd/Chf Buy 0.8440 then 0.8395/00 then 0.8350/55, sell 0.8585/90 then 0.8615/20 then 0.8680/85
Usd/Jpy Buy 80.35/40 then 80.10 then 79.80/85, sell 81.30/35 then 81.45/50 then 81.85/90
Gbp/Usd Buy 1.6080/85 then 1.6030/35, sell 1.6375/80 then 1.6460/65
Euro/Usd Buy 1.4030/35 then 1.3965/70, sell 1.4435/40 then 1.4555/60
Usd/Chf This pair still on uptrend from yesterday, more importantly basing above front support 0.8500/10 targetting as high as 0.8830/40(not impossible due to very crucial Chf News Release today, might be a turning point for Chf pairs since SNB would be anouncing their rate decision today and Chf weakened in past few days due to talks about SNB keeping rates at current 0.25%),
retracement is at 0.8470/80, break and base below is to target 0.8410, below here would change my upside view for this pair.
Usd/Jpy This pair still on uptrend from yesterday, basing above front support 80.80, targetting 81.55/60 then 81.75/80 and possibly 82.20
Euro/Usd This pair is still on downtrend(pardon me for yesterday typing mistake(still on "uptrend") ofcourse it's "downtrend" as continuation of past days trend(down) after failing to base above 1.4440 despite going as high as 1.4500 but falling before daily candle close).
Today retracement is at 1.4295/00, break is to 1.4345 then break and base above here is to hold at 1.4450/60, while low is at 1.3960/70
Gbp/Usd This pair is on downtrend from yesterday after breaking 1.6340 crucial support(good breakout strategy), today this support is turning to crucial resistance if breaks retracement at 1.6270/80, would be heading there to 1.6340, while low is at 1.6120, below here would extend weakness to our short term buy signals
Euro/Chf This pair based on the downtrend today but generally moving sideways, above 1.2120 is to 1.2160 then 1.2220 would form resistance while below is to 1.1995/00
Gbp/Chf This pair still on uptrend from yesterday, basing above 1.3780 targetting 1.3910, break and base above would extend gains to probably 1.4060, while below 1.3780 is to 1.3740 and breaking below here would change my upside view for this pair.
Euro/Jpy This pair is still on downtrend, retracement is at 115.40, break and base above is to 116.00 then 116.20, while low is at 114.20
Gbp/Jpy This pair based on downtrend today, above 131.30 is to target 132.10 while basing below 131.20 is to target low at 130.10/20
Euro/Gbp This pair is still on downtrend from 4 past days, retracement is at 0.8790, break and base above is to 0.8840/50 while low is at 0.8600
Usd/Cad This pair achieved all strategies scenarios yesterday, low to retracement to breakout to high, today basing on uptrend above retracement 0.9760 targetting 0.9825/30, break is to 0.9850/55, if bases above at tommorow new daily candle that would mean more extend of power, below retracement is to 0.9695/00
Aud/Usd This pair turned it again to the downside after breaking 1.0650(point of start of the previous breakout day), today basing below retracement 1.0600 targetting 1.0500, while a break above is to 1.0630/40, while only a break and base above 1.0650 would target 1.0720 then possibly 1.0760 later on.
Nzd/Usd This pair is still on downtrend, targetting low at 0.7920, retracement is at 0.8100/10, break is to 0.8150/60
Oil is still on downtrend, facing a front resistance at 95.80, break and base above is to retracement at 96.90 then a break and base above here is crucial to target 98.80 then 99.50 must hold, while low is at 94, breaking below here would extend weakness to 90
Gold is still on downtrend, low is at 1510/11, retracement is at 1533/34, a break and base above here is to target 1545 then 1550 must hold.
We have an Important News Release for the Sterling currency:
- UK Retail Sales: Sell Gbp/Usd if below 0% while Buy if above 0%
Forex signals for 17th June 2011:
Usd/Chf Buy 0.8430/35 then 0.8415/20 then 0.8365/70, sell 0.8540/45 then 0.8575/80 then 0.8600/05
Usd/Jpy Buy 80.30 then 80.10/15 then 79.80/85, sell 81.05/10 then 81.25/30 then 81.50/55
Gbp/Usd Buy 1.6050/55 then 1.6000/05 then 1.5930/35, sell 1.6250/55 then 1.6295/00 then 1.6375/80
Euro/Usd Buy 1.4075/80 then 1.4015/20 then 1.3960/65, sell 1.4275/80 then 1.4310/15 then 1.4405/10
Usd/Chf This pair is still on uptrend, retracement is at 0.8470, break is to 0.8420, while above is to 0.8550, a break & above here is necessary and would power upward movement targetting 0.8600 then 0.8660/70
Gbp/Usd This pair is still on downtrend, retracement is at 1.6080/90, break and base below here would extend weakness to our short term buy signals for this pair.
Euro/Usd This pair is still on downtrend, retracement is at 1.4240/50, break is to 1.4340/50 then 1.4400/10 must hold, while low is at 1.3960
Usd/Jpy This pair is still on uptrend, holding above 80.50 is necessary to keep this view while break below is to 80.30/35, and a break below here would change my upside view for this pair targetting 80.00/10, above is to target 80.80 then a break and base above here is to 81.00/05 then 81.50/60 must hold
Aud/Usd This pair is still on downtrend, targetting 1.0470/80, retracement is at 1.0580, basing above is to hold at 1.0620
Gbp/Chf This pair returned to downtrend channel, basing below 1.3730 targetting 1.3640/50 while a base above is to 1.3870/80
Euro/Chf This pair is on downtrend again from yesterday, targetting 1.1970/80, retracement is at 1.2075/80, breaking above is to 1.2140 then 1.2190 must hold
Euro/Jpy This pair is still on downtrend, targetting 113.50 low first, retracement is at 114.80, break and base above is to hold at 115.80/90
Nzd/Usd This pair is still on downtrend, targetting low at 0.7930/40, retracement is at 0.8080, basing above is to 0.8120 then 0.8140/50 must hold
Gbp/Jpy This pair is still on downtrend, targetting low at 129.60/70, retracement is at 130.60, break is to 130.95/00, only a break above here would change my downside view targetting 131.90/00
Euro/Gbp This pair is still on downtrend, targetting 0.8720 first then below here would extend weakness towards 0.8660/70, retracement is at 0.8800, break and base above is to 0.8840/50, only base above here would change my downside view for this pair.
Usd/Cad This pair is still on uptrend, trying again to base above 0.9840/50 to target 0.9900, while retracement is at 0.9800 basing below is to hold at 0.9760/70
Gold is still on downtrend, targetting 1514/15, retracement is at 1532/33, basing above is to 1545/46
Oil is still on downtrend, targetting 92.85/90 then break here might target 90 which must hold, retracement is at 95.90, basing above is to target 98.10/20 that must hold.
Forex Signals & Analysis for 20th June 2011:
Usd/Chf Buy 0.8430/35 then 0.8405/10 then 0.8375/80, sell 0.8520/25 then 0.8545/50 then 0.8580/85
Usd/Jpy Buy 79.65/70 then 79.50/55 then 79.10/15, sell 80.60/65 then 80.90/95 then 81.10/15
Gbp/Usd Buy 1.6095/00 then 1.6055/60 then 1.6015/20, sell 1.6240/45 then 1.6265/70 then 1.6330/35
Euro/Usd Buy 1.4130/35 then 1.4045/50 then 1.3965/70, sell 1.4420/25 then 1.4470/75 then 1.4600/05
Medium Term Strategy Analysis:
Usd/Chf This pair is still on uptrend, basing above 0.8470 targetting 0.8550, again a penetration of this level is necessary unless this pair pair would keep moving on uptrend channel but with sideways price momentum as what had been happening in 2 past forex days.
Breaking about said resistance is to target 0.8660/70 while below support at 0.8470 would target 0.8430/40 then towards 0.8400 and 0.8370/80 must hold.
Usd/Jpy This pair opened on downtrend channel today, basing below retracement 80.30/40 targetting low at 79.40/50 if 80.00 is penetrated and based below first, while a base above said retracement is to 80.70 then 81.00/10 must hold
Euro/Usd This pair is still on downtrend despite good breakout movement on friday(around 100 pips gain, review previous post) but failed to continue & base above, falling later and opened below today, targetting 1.4010/20, while above 1.4300 would target 1.4360/70 then 1.4390/00, basing above here would change the whole picture and target 1.4450 later on...
Gbp/Usd This pair is still on downtrend, again based below retracement today at 1.6190/00 targetting 1.6100/10, basing below here would target our short term buy signals(other 2) for this pair., while a break above is to target 1.6285/90 then 1.6330/40 must hold
Euro/Chf This pair is squeezed today bt. resistance and support which is perfect for a breakout strategy. To the upside we have a small margin but enough good pips, basing above 1.2140/50 to target 1.2180/90 while below 1.2100 is to target 1.20000(but as always take care of false breakouts and follow the main currency pair(Euro/Usd) movement for confirmation)
Gbp/Chf This pair is also in same scenario above 1.3730 is to 1.3850 while below would target 1.3640/45, then 1.3610/15 must hold.
Euro/Jpy This pair is still on downtrend, targetting 113.80/85, then 113.40/50, while retracement is at 114.60/70, above is to 115.50/60 then 115.90/00 must hold
Gbp/Jpy This pair is still on downtrend, targetting 129.10/20, below would extend weakness t0 128.00/10 but with some support on the journey road to the valley..lol, while above retracement at 130.00/10 is to 130.80 then 131.30/40 would hold.
Euro/Gbp This pair moving in decisive area today, basing above 0.8850 is to target 0.8920/30 while below 0.8810/15 is to target 0.8790 then 0.8770, breah here would extend weakness to 0.8720 low.
Usd/Cad This pair is still on uptrend, but front resistance is at 0.9840/50, break is to 0.9870 then 0.9895/00 must hold while retracement at 0.9800 break is to 0.9770
Aud/Usd This pair is still on downtrend, after again having rejection above and falling down to target 1.0500/10 while above is to 1.0620 and 1.0640 must hold(must move today bt. those prices low and high)
Nzd/Usd This pair is still on downtrend, in same scenario of rejection... targetting 0.7980/90 while above is to hold at 0.8140/50
Gold turned it today to uptrend channel after around 4 days on downtrend, basing above 1533 targetting high at 1549/50 but would find some resistance at 1540/41, while below 1533 would change my view to target 1522/23 then 1517/18 must hold.
Oil still on powerful downtrend from many past days, targetting psycological level at 90, basing below is to 87.80/90 while front resistance is at 93 basing above is to retracement at 94.00/10 then 95.40 must hold.
* A Forex Trading Tip for today is quickness of thinking then acting fast. This combination is very important in forex trading. And can be built and then improved by preparing your homework well for the coming day.
For example, price for a certain pair might be at a good buy or sell level to execute a trade and you might see that clearly but you are not totally sure of that which is making you standby waiting for a better opportunity at lower or higher price to execute an order. In General this postponing of action would lead you to open a trade at a worse price, it might be lower or higher than the previous price but the market situation at that certain time was more better to gain good pips than later on.
All this complication is due to lack of preparation. But While using my signals & analysis you have clear prices to buy or sell at, ofcourse with cautious about not using the signal if market price is retesting my signal price but only use at first hit(bounce trading), which would gain you a fast 10 -30 pips gain(in seconds to few minutes) and sometimes much more pips but after longer period of time.
Always Take in mind that many times not taking a trade is more hurtful than taking it, being reluctant in forex trading is a very bad habit that could be found in many traders and would lead to consistent losses after postponing and postponing the time and price of market entrance then caught in failure trading when you decide to enter the market, maybe you took a pill of courage or something..lol
The worst that could happen while taking a trade is to then focus at price action and if market price is going against you close the trade at small loss 10-30 pips or lower for my short term signal(despite that you're mainly not going to be in such situation if you follow my rules for this strategy), while for the Medium Term strategy if retracement is penetrated(mainly after bouncing some good pips for you to gain then market price might retest the level for a possible breakout), if you are still holding your position then you simply close it if breakout turns right( not false) and join the breakout strategy trend, for example Euro/Usd friday breakout from 1.4240/50 to 1.4340/50.
This quick thinking(in some seconds or few minutes) can be built with more forex experience and some courage( a pill is not necessary..lol) & at first preparing your homework well, by having a forex trading plan(what's your TP, SL, when to enter the marke, when to exit, when to sit at standby...).
If you find your forex trading system(created by you or others) or couple of indicators combined, to be good enough and you had good gains even if in demo account & you know well its pros & cons, then keep and use it for consistency, do not search the internet each minute for something new and maybe better, starting again and again from the zero point. Consistency is very crucial in forex trading(for example even with only a moving average, RSI, Stoch or MACD you can gain good money if you perfect them..). You can add some good tools every now and then but do not throw everything you had and begin from scratch every sometime...
Using my Daily Signals & Analysis in your forex trading plan would more power your decision to enter the market at the right time and price, despite that some traders too much rely on my daily posts without having a great system or couple of indicators to combine bt. both for confirmation and they still gain good consistent money in the forex market...simply because they got obsessed about my daily signals and analysis to a degree they know how it exactly works and when is the best time to use or not by following my strategy rules accuratly. This is the whole story point of view, getting used to 1 forex trading strategy, not always changing thinking that there's much better thing somewhere...
Forex Signals & Analysis for 21st June 2011:
Usd/Chf Buy 0.8385/90 then 0.8350/55 then 0.8295/00, sell 0.8535/40 then 0.8570/75 then 0.8625/30
Gbp/Usd Buy 1.6100/05 then 1.6055/60 then 1.6000/05, sell 1.6270/75 then 1.6305/10 then 1.6375/80
Usd/Jpy Buy 80.00 then 79.85 then 79.70/75, sell 80.40/45 then 80.55/60 then 80.75
Euro/Usd Buy 1.4190 then 1.4135/40 then 1.4080/85, sell 1.4410/15 then 1.4490/95
Medium Term Daily Strategy:
Usd/Chf This pair is moving sideways, above 0.8460 is to 0.8520 then to our short term sell signals, while basing below 0.8440 might target 0.8340/50
Usd/Jpy This pair is on downtrend channel from yesterday, below 80.30 is to 79.50/55 if 80.00 is broken first(had been facing strong support here), while above 80.30 is to 80.60/70 then 81.00/10 must hold
Euro/Usd This pair is moving sideways, having good resistance at 1.4370/80, break here is to our short term sell signals while below 1.4300 is to 1.4190 then a break is to 1.4120/30 & 1.4070/80 must hold for today
Gbp/Usd This pair is still on downtrend channel, but moving sideways above 1.6210 might target 1.6270 then 1.6335/40 while below 1.6200 is to target 1.6120/30.
I believe that this pair would keep moving sideways till tommorow but more proferrable is a buy on dips because tommorow is UK Meeting Minutes and mainly the sterling currency powers before this crucial news release, but also be ready for all scenarios..
Gbp/Chf This pair opened on downtrend channel, would target 1.3620 first & low is at 1.3470/80 while above 1.3730 is to 1.3820/30(We had a successful breakout strategy for this pair yesterday, review previous post).
Euro/Chf Also this pair with successful breakout strategy yesterday to the downside, today basing below 1.2090 is to 1.2010/15 while above 1.2120 is to 1.2160/70
Euro/Jpy This pair is moving today bt. 114.70, below is to 113.80/90, and 115.35/40, above is to 115.90/00, while moving in bt. both prices is for scalping.
Gbp/Jpy This pair is still on downtrend, low is at 129.00/10, above 130.10 is to 130.70 then a break here would hold at 131.60/70
Usd/Cad This pair moving sideways, above 0.9800 is to 0.9840/50 while below 0.9770 is to 0.9700
Euro/Gbp This pair basing on uptrend today, above 0.8820 targetting 0.8850/60 first then break here might target 0.8920/30, while below 0.8820 is to 0.8800 break here would target 0.8770 then 0.8720 must hold
Nzd/Usd This pair is still on downtrend, targetting 0.8010/20 while basing above 0.8100 is to target 0.8140, above here might target 0.8200
Aud/Usd This pair is still on downtrend, after again being rejected at above, targetting low at 1.0500/10, while above 1.0670 is to 1.0690/00 then 1.0630/40 must hold
Gold is still on uptrend, targetting 1550/51, while below 1534/35 is to target 1522/23
Oil based above low resistance at 92.70/80 that tunred to support today, but still on downtrend below said support is to 91.10/20, break here might target 90.00 while basing above 94 might target 96.80/90 then 98.60/70 must hold
We have 2 Important News release today for the Dollar & Canadian Dollar Currencies:
- Existing Home Sales: Buy Usd/Chf & Usd/Jpy if 5.15M or above while Buy Euro/Usd & Gbp/Usd if below 4.60M
- Core Retail Sales: Buy Usd/Cad if 0.8% or above while sell if below 0%
Forex Trading Signals & Analysis for 22nd June 2011:
Short Term Signals:
Usd/Chf Buy 0.8370/75 then 0.8355/60 then 0.8315/20, sell 0.8455/60 then 0.8480/85 then 0.8500/05
Euro/Usd Buy 1.4305/10 then 1.4255/60 then 1.4210/15, sell 1.4470/75 then 1.4495/00 then 1.4570/75
Usd/Jpy Buy 80.00 then 79.90 then 79.75, sell 80.40 then 80.50 then 80.65
Gbp/Usd Buy 1.6165/70 then 1.6135/40 then 1.6105/10, sell 1.6280/85 then 1.6300/05 then 1.6350/55
Medium Term Daily Strategy:
Usd/Chf This pair is from yesterday on the downtrend channel, basing below 0.8440/50 targetting 0.8340/50 but finding good support at 0.8400, once this level is penetrated weakness must continue, while a base above 0.8440/50 is to target 0.8520 then possibly to 0.8595/00(with FOMC Statement being released today)
Usd/Jpy This pair is on the downtrend channel, but finding good support as expected at 80.00, below would extend weakness to 79.60/65, while above 80.50 is necessary to then target 80.70 then 81.00/10 and possibly 81.40/50
Gbp/Usd This pair is squeezed bt. resistance and support with a perfect situation for a breakout strategy, just before few hours from Crucial News Release for the sterling currency "UK Meeting Minutes", above above 1.6250 is to 1.6340/50 while below 1.6210 is to 1.6120. Keep a close look and Good Luck..
Euro/Usd This pair based on the uptrend channel today (above 1.4340),despite falling from high price at 1.4433 in few hours time but a kept base above 1.4340 would keep it with the possibility of going up again targetting our short term sel signals for this pair while below good support at 1.4340 would target 1.4260 then around 1.4200 must hold.
Euro/Chf This pair is still moving sideways bt. 1.2100 below is to 1.2010/20 and above 1.2120 is to 1.2160, a break here might target 1.2240/50.
Gbp/Chf This pair is still on downtrend, below 1.3680 targetting 1.3480/90 just if 1.3620 is broke first, while above 1.3680 is to 1.3720/30 then 1.3790/00 must hold
Gbp/Jpy This pair is moving in a decisive area, below 130.20 is to 129.00/05 while above is to 130.60 then a break here is to 131.50/60
Euro/Jpy This pair is still moving sideways despite a break to the upside but must base above 115.30 to target 115.90/00 and a break here is necessary to confirm a powerful base on uptrend channel, targetting 116.40/50 then 116.70, while a bse below 115.10 is to target 114.60 then possibly low at 113.90/00.
Euro/Gbp This pair is on uptrend from yesterday, targetting 0.8920/30 then break here might target high at 0.8970/80, retracement is at 0.8840 break is to 0.8820 then 0.8800/10 must hold(unless the sterling currency powers with its news release and the Euro weakens fast with FOMC Statement).
Usd/Cad This pair is on downtrend today after a successful breakout stratgey yesterday(review previous post..,hope you used it to gain good money..), retracement is at 0.9760, break would change my downside view to target 0.9800/05 then 0.9840 while low is at 0.9690, below here is to 0.9670
Nzd/Usd This pair is squeezed today bt. resistance at 0.8150 break is to 0.8200/10 then 0.8250 and support at 0.8110 break is to 0.8050
Aud/Usd This pair would move bt. support at 1.0580 break is to 1.0520 and resistance at 1.0600 above is to 1.0640/50, break here would extend gain to possibly 1.0710/20
Oil is still on downtrend, got rejected again and basing below 94 targetting 92.80 but there's still a possibility to the upside if bases above 94 targetting 96.90/00 then break here is to 98.60/70
Gold is still on uptrend, targetting 1552/53, retracement is at 1540/41 break is to hold at 1534/35, but below here would base it on downtrend targetting 1522 later on(remember today is a crucial day with very important news release coming on..)
We have 2 Very Important News Release today for the Dollar & Sterling Currencies:
- MPC Meeting Minutes: sell Gbp/Usd if 2 Vote for Quantitative Easing while Buy if 4 Vote for Hike.
- FOMC Statement: All traders ears & eyes would have good focus at what Fed Chairman Ben Bernanke would announce in late hours today, it i a late time for some countries near the GMT Zone so it would be a sleep for death for some traders or wake up for party for others.. Excuse me for this description but this might be the reality since this day had been waited for by many traders from long ago with the ending of QE2 and what would be next?! Usd/Jpy & especially Usd/Chf are in historic lows and what can be more bad?!!
Back to the Bernanke possible talks, if he announces the end of QE2 with no extension(no extended period), if he admit that there's inflation problem, & would take measures also regrading unemployment, then the Dollar Currency would power as no other currency had powered before..lol
While if he keeps his boring talks about keeping rates low for extended period and announce the extention of QE2 and buying more bonds, then say Bye Bye for the dollar currency and wait for new historic lows...
*** After receiving several emails from traders using my Signals & Analysis asking me to post the daily achievements of the pairs gained pips besides Gold & Oil with entry and exit prices, for traders to better understand how to trade my Signals & Analysis & how they work. And due to my lack of time to do that, I decided to give traders the opportunity to help me with that by sending me a detailed email about each pair achievement(Gain & Loss) also Gold & Oil of each day, for me to pick the best detailed email and post it before my new daily Signals & Analysis post.
All rights would be reserved with the trader name(or username) and email address(if he or she wish) posted with the whole email contents.
Besides, I'll also like traders to send me their personnel achievements if they like...
My Email Address: email@example.com (please try to send your email at time near to the end hours of each day)