Thursday, April 30, 2009

Forex Trend Alerts: 05/01/09

EUR/USD:

Stand aside, awaiting new signal

GBP/USD:

Stopped out at 14830 (04/30) Realized Loss: -80 pips

Stand aside, directionless, awaiting new signal

AUD/USD:

Stopped out at 7280 (04/30) Realized Loss: -280 pips

Stand aside, awaiting new signal

USD/JPY:

Short at 9800 (04/21) L/Closing: 9887 Floating: -87 pips

Hold Short with stop on close at 9920

USD/CHF:

Stand aside, awaiting new signal

Comments:

Markets are at a fix now, bulls and bears are in equilibrium.
Use your patience to await for new direction signals ...

Take a short break off and enjoy your holiday trip!

Forex Trend Alerts: 04/30/09

EUR/USD:

Stand aside, awaiting new signal

GBP/USD:

Short at 14750 (04/20) L/Closing: 14769 Floating: -19 pips

Hold Short with stop at 14830

AUD/USD:

Short at 7000 (04/21) L/Closing: 7251 Floating: -251 pips

Hold Short with stop at 7280

USD/JPY:

Short at 9800 (04/21) L/Closing: 9759 Floating: +41 pips

Hold Short with stop on close at 9920

USD/CHF:

Stand aside, awaiting new signal

Monday, April 27, 2009

Forex Trend Alerts: 04/28/09

EUR/USD:

Stand aside, awaiting to sell on rallies

GBP/USD:

Short at 14750 (04/20) L/Closing: 14620 Floating: +130 pips

Hold Short with stop at 14830

AUD/USD:

Short at 7000 (04/21) L/Closing: 7064 Floating: -64 pips

Hold Short with closing stop at 7280

USD/JPY:

Short at 9800 (04/21) L/Closing: 9635 Floating: +165 pips

Hold Short and move stop lower to 9920 on close

USD/CHF:

Stand aside, awaiting to buy on dips

Friday, April 24, 2009

Forex Trend Alerts: 04/27/09

EUR/USD:

Stopped out at 13241 (04/24) Realized Loss: -91 pips

Stand aside, awaiting new signal

GBP/USD:

Short at 14750 (04/20) L/Closing: 14656 Floating: +94 pips

Hold Short with stop at 14830

AUD/USD:

Short at 7000 (04/21) L/Closing: 7223 Floating: -223 pips

Hold Short with closing stop at 7280

USD/JPY:

Short at 9800 (04/21) L/Closing: 9709 Floating: +91 pips

Hold Short with closing stop at 10040

USD/CHF:

Stopped out at 11394 (04/24) Realized Loss: -106 pips

Stand aside, awaiting new signal

Thursday, April 23, 2009

Forex Trend Alerts: 04/24/09

EUR/USD:

Short at 13150 (04/17) L/Closing: 13125 Floating: +25 pips

Hold Short with stop on close at 13220

GBP/USD:

Short at 14750 (04/20) L/Closing: 14674 Floating: +76 pips

Hold Short with stop at 14830

AUD/USD:

Short at 7000 (04/21) L/Closing: 7119 Floating: -119 pips

Hold Short with closing stop at 7280

USD/JPY:

Short at 9800 (04/21) L/Closing: 9785 Floating: +15 pips

Hold Short with closing stop at 10040

USD/CHF:

Long at 11500 (04/17) L/Closing: 11518 Floating: +16 pips

Hold Long with closing stop at 11440

Forex Trend Alerts: 04/23/09

EUR/USD:

Short at 13150 (04/17) L/Closing: 13007 Floating: +143

Hold Short with stop on close at 13220

GBP/USD:

Short at 14750 (04/20) L/Closing: 14493 Floating: +257 pips

Hold Short with 14830 stop

AUD/USD:

Short at 7000 (04/21) L/Closing: 7060 Floating: -60 pips

Hold Short with closing stop at 7280

USD/JPY:

Short at 9800 (04/21) L/Closing: 9804 Floating: -4 pips

Hold Short with closing stop at 10040

USD/CHF:

Long at 11500 (04/17) L/Closing: 11634 Floating: +134 pips

Hold Long with closing stop at 11440


Golden Words for Traders:

"Trading charts speak, they all tell you a 'story' when the market moves. Because history repeats itself, where the market has been begins to predict where it is going. If you are not a good listener, trying to interrupt its story and try to second guess what it is going to say, you will set yourself up to make a poor decision. They are good communicators only to traders who are good listeners."

Tuesday, April 21, 2009

Forex Trend Alerts: 04/22/09

EUR/USD:

Short at 13150 (04/17) L/Closing: 12936 Floating: +214 pips

Hold Short with stop on close at 13220

GBP/USD:

Short at 14750 (04/20) L/Closing: 14664 Floating: +86 pips

Hold Short with 14830 stop

AUD/USD:

Short at 7000 (04/21) L/Closing: 7063 Floating: -63 pips

Hold Short with closing stop at 7280

USD/JPY:

Short at 9800 (04/21) L/Closing: 9852 Floating: -52 pips

Hold Short with closing stop at 10040

USD/CHF:

Long at 11500 (04/17) L/Closing: 11677 Floating: +177

Hold Long with closing stop at 11440


Golden Words for Traders:

"Trading forex successfully requires you follow certain rules. Ignoring the rules will cause you trouble when you are trading. You will be driven by your emotions and wil be caught up in chasing the market, changing your mind, and breaking every rule in trying to save yourself. Never get yourself caught in such position."

Monday, April 20, 2009

Forex Trend Alerts: 04/21/09

EUR/USD:

Short at 13150 (04/17) L/Closing: 12904 Floating: +246 pips

Hold Short and move stop lower to 13220 on close

GBP/USD:

Stopped out old position at break-even.

Reversed to Short at 14750 (04/20) L/Closing: 14481 Floating: +269 pips

Hold Short with 14830 stop

AUD/USD:

Stopped out at 6980 (04/20) Realized Profit: +410 pips

Reverse Short at 7000 or higher with closing stop at 7280

USD/JPY:

Stopped out at 9800 (04/20) Realized Profit: +60 pips

Reverse Short at 9800 or higher with closing stop at 10040 on close

USD/CHF:

Long at 11500 (04/17) L/closing: 11700 Floating: +200 pips

Hong Long and move stop higher to 11440 on close


Golden Words for Traders:

"95% of Forex traders underestimate how important preparation is for success, they show up to the battlefield totally unprepared and unprotected. When it is time to trade, you must think before you act. If you act before you think and make mistakes, your subconscious mind will take over and record all your ignorant actions and subconsciously create bad trading habits. This is how 95% traders start to lose money or just get by in trading. Successful traders think befoe they act to execute successful trading habits. They have a trading plan to setup the trading strategy before trade and the discipline to follow through their plan."

Sunday, April 19, 2009

Forex Trend Alerts: 04/20/09

EUR/USD:

Short at 13150 (04/17) L/Closing: 13025 Floating: +125 pips

Hold Short with closing stop at 13280

GBP/USD:

Long at 14750 (04/06) L/Closing: 14782 Floating: +32 pips

Hold Long and reverse to Short at 14750 stop

AUD/USD:

Long at 6570 (03/31) L/Closing: 7207 Floating: +637 pips

Hold Long with stop at 6980

USD/JPY:

Long at 9740 (03/31) L/Closing: 9923 Floating: +183 pips

Hold Long with stop at 9800

USD/CHF:

Long at 11500 (04/17) L/Closing: 11671 Floating: +171 pips

Hong Long with stop at 11300


Golden Words for Traders:

"Most unsuccessful traders fail to realise the importance of following rules that will lead to their success. If you are a rule breaker, then there is no point in trying to learn any new system that requires rules to be followed. If it is in your character to break rules, then learning a new successful skill that can change your financial future is useless. You will simply break the rules and self-destruct."

Thursday, April 16, 2009

Forex Trend Alerts: 04/17/09

EUR/USD:

Go Short at 13150 or higher with protective stop at 13450

GBP/USD:

Long at 14750 (04/06) L/Closing: 14928 Floating: +178 pips

Hold Long with stop at 14750

AUD/USD:

Long at 65Bold70 (03/31) L/Closing: 7197 Floating: +627 pips

Hold Long with stop at 6980

USD/JPY:

Long at 9740 (03/31) L/Closing: 9946 Floating: + 206 pips

Hold Long with stop at 9800

USD/CHF:

Go Long at 11500 or lower with protective stop at 11300 on close


Golden Words for Traders:

"Trading needs to be fun, emotionally exciting, personally and financially fulfilling, and stress-free. If you are going to be successful at trading, you will need to acquire a trading strategy that is easy to execute, easy to understand, easy to obey, and that works for you consistently. You will also need to master your emotions."

Wednesday, April 15, 2009

Forex Trend Alerts: 04/16/09

EUR/USD:

Stand aside awaiting new signal

GBP/USD:

Long at 14750 (04/06) L/Closing: 14996 Floating: +246 pips

Hold Long and move stop higher to 14750 on close

AUD/USD:

Long at 6570 (03/31) L/Closing: 7275 Floating: +705 pips

Hold Long with stop at 6980

USD/JPY:

Long at 9740 (03/31) L/Closing: 9926 Floating: +186 pips

Hold Long with stop at 9800

USD/CHF:

Stand aside awaiting new signal


Golden Words for Traders:

"Forex offers incredible financial opportunity for those who are ready for the adventure, but it can be disastrous and financially devastating for those who are unprepared."

Tuesday, April 14, 2009

Forex Trend Alerts: 04/15/09

EUR/USD:

Stand aside

GBP/USD:

Long at 14750 (04/06) L/Closing: 14908 Floating: +158 pips

Hold Long and move stop higher to 14620 on close

AUD/USD:

Long at 6570 (03/16) L/Closing: 7227 Floating: +657 pips

Hold Long and move stop higher to 6980

USD/JPY:

Long at 9740 (03/31) L/Closing: 9899 Floating: +159 pips

Hold Long with stop at 9800

USD/CHF:

Stand aside awaiting for new signal


Quote of the Day:

"You cannot discover new oceans unless you have the courage to lose sight of the shore." - Origin Unknown

Sunday, April 12, 2009

Forex Trend Alerts: 04/13/09

EUR/USD:

Stopped out at 13120 (04/10) Realized Loss: -330 pips

Stand aside, market is in consolidation period, no clear trend

GBP/USD:

Long at 14750 (04/06) L/Closing: 14655 Floating: -95 pips

Hold Long with closing stop at 14500

AUD/USD:

Long at 6570 (03/16) L/Closing: 7192 Floating: +622 pips

Hold Long and move stop higher to 6950

USD/JPY:

Long at 9740 (03/31) L/Closing: 10029 Floating: +289 pips

Hold Long and move stop to 9800

USD/CHF:

Stopped out at 11589 (09/04) Realized Loss: -289 pips

Stand aside and awaiting for new signal


Quote of the Day:

"Life is a succession of lessons which must be lived to be understood." - Helen Keller

Thursday, April 9, 2009

Forex Trend Alerts: 04/09/09

EUR/USD:

Long at 13450 (04/06) L/Closing: 13252 Floating: -198 pips

Hold Long with closing stop at 13200

GBP/USD:

Long at 14750 (04/06) L/Closing: 14680 Floating: -70 pips

Hold Long with closing stop at 14500

AUD/USD:

Long at 6570 (03/16) L/Closing: 7079 Floating: +509 pips

Hold Long with stop at 6850

USD/JPY:

Long at 9740 (03/31) L/Closing: 9987 Floating: +247 pips

Hold Long with stop at 9680

USD/CHF:

Short at 11300 (04/06) L/Closing: 11485 Floating: -185 pips

Hold Short with closing stop at 11560


Quote of the Day:

"Experience is what you get when you don't get what you want." - Dan Stanford

Forex Trend Alerts: 04/08/09

No trading alerts today due to off for a business trip.

Tuesday, April 7, 2009

Forex Trend Alerts: 04/07/09

EUR/USD:

Long at 13450 (04/06) L/Closing: 13322 Floating: -128 pips

Hong Long with closing stop at 13200

GBP/USD:

Long at 14750 (04/06) L/Closing: 14652 Floating: -98 pips

Hold Long with closing stop at 14500

AUD/USD:

Long at 6570 (03/16) L/Closing: 7065 Floating: +495 pipa

Hold Long with stop at 6850

USD/JPY:

Long at 9740 (03/31) L/Closing: 10040 Floating: +300 pips

Hold Long with stop at 9680

USD/CHF:

Long liquidated at 11500 (03/30) Realised Loss: -200 pips

Reversed to Short at 11300 (04/06) L/Closing: 11379 Floating: -79 pips

Place closing stop at 11560


Quote of the Day:

"Most people would rather die than think; in fact, they do so." - Bertrand Russell

Sunday, April 5, 2009

Forex Trend Alerts: 04/06/09

EUR/USD:

Go Long at 13450 or better with closing stop at 13200

GBP/USD:

Go Long at 14750 or better with closing stop at 14500

AUD/USD:

Long at 6570 (03/16) L/Closing: 7154 Floating: +584 pips

Hold Long, maintain stop at 6850

USD/JPY:

Long at 9740 (03/31) L/Closing: 10026 Floating: +286 pips

Hold Long, maintain stop at 9680

USD/CHF:

Long at 11500 (03/30) L/Closing: 11308 Floating: -192 pips

Liquidate Long & reverse to Short when it penetrates below 11300


Quote of the Day:

"Shoot for the moon. Even if you miss, you'll land among the stars." - Les Brown

Friday, April 3, 2009

Forex Trend Alerts: 04/03/09

EUR/USD:

Stopped out at 13471 (04/02) Realised Loss: -211 pips

Stand aside awaiting new signal.

GBP/USD:

Stopped out at 14740 (04/02) Realised Loss: -470 pips

Stand aside awaiting new signal

AUD/USD:

Long at 6570 (03/16) L/Closing: 7195 Floating: +625 pips

Hold Long, maintain stop at 6850

USD/JPY:

Long at 9740 (03/31) L/Closing: 9969 Floating: +229 pips

Hold Long, maintain stop at 9680

USD/CHF:

Long at 11500 (03/30) L/Closing: 11337 Floating:-163 pips

Hold Long with closing stop at 11300


Quote of the Day:

"The definition of insanity is doing the same thing over and over and expecting different results." - Albert Einstein

Thursday, April 2, 2009

Forex Trend Alerts: 04/02/09

EUR/USD:

Short at 13260 (03/30) L/Closing: 13241 Floating: +19 pips

Hold Short with closing stop at 13450

GBP/USD:

Short at 14270 (03/30) L/Closing: 14466 Floating: -196 pips

Hold Short with closing stop at 14620

AUD/USD:

Long at 6570 (03/16) L/Closing: 6980 Floating: +410 pips

Hold Long, move stop to 6850

USD/JPY:

Long at 9740 (03/31) L/Closing: 9853 Floating: +113 pips

Hold Long, move closing stop higher to 9680

USD/CHF:

Long at 11500 (03/30) L/Closing: 11454 Floating: -46 pips

Hold Long with closing stop at 11300


Quote of the Day:

"Knowing is not enough, we must apply. Willing is not enough, we must do." - Johann Wolfgang

Wednesday, April 1, 2009

Forex Trend Alerts: 04/01/09

EUR/USD:

Short at 13260 (03/30) L/Closing: 13256 Floating: +4 pips

Hold Short and move stop lower to 13450 on close

GBP/USD:

Short at 14270 (03/30) L/Closing: 14357 Floating: -87 pips

Hold Short with closing stop at 14620

AUD/USD:

Long at 6570 (03/16) L/Closing: 6920 Floating: +350 pips

Hold Long, protect profit with sell stop at 6750

USD/JPY:

Long at 9740 (03/31) L/Closing: 9932 Floating: +192 pips

Hold Long with closing stop at 9550

USD/CHF:

Long at 11500 (03/30) L/Closing: 11389 Floating: -111 pips

Hold Long with closing stop at 11300


Quote of the Day:

"Our greatest joy is not in ever falling, but in rising every time we fall." - Confucius