Wednesday, February 4, 2009

Forex Trend Alerts: 02/05/09

Currency Pair ---- Trend ---- Position ---- Stop ---- Comments

Trends still remain unchanged for:

EUR/USD -- Hold Short and move stop to 13100

GBP/USD -- Hold Long and move stop to 14100

USD/JPY -- Hold Short and move stop to 9250

USD/CHF -- Hold Long and maintain stop at 11320

AUD/USD -- Neutral -- Wait for re-entry signal


  1. Hi Michael,
    Thks for the update but what sort of return are we waiting for ? 1000 pips or ?
    Just wanted a little light before we reach the end of the tunnel.

    Ciao and regards,
    1 beginner still.

  2. Dear Lye,
    We are trend traders, looking for larger gain returns than the swing traders, at times the returns could be 1,000 to 2,000 pips. If we are in the right trend, just let the profits run until the trend reverses. However, we may sacrifice some pips before we take profits. That's the reality, we don't pick tops or bottoms as we don't know where and when the trend will change. We respect our system signals, we need discipline to stick to our trading plan and rules. That's why we are in the 5% winner group. If you wish to have more discussion with me, please feel free to call me at +6016-3239978.
    Kuala Lumpur


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