Potential Trade Setup - AUDUSD & NZDCHF

I see possible short trades in the AU & NCH. Divergence on the H1 with potential bullish slingshot for retest of previous high, and it is the failure of these moves that I want to be positioned to sell as you will also find bearish slingshots forming on the M15 charts and hinting of that possible failure.

Similar patterns are also developing on the NZDUSD & AUDCHF.

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EURO REVERSAL TRADE

Took this Euro reversal trade after seeing a failed slingshot (SS) on the H1 chart supported by bearish divergence on the M15 chart. Trade already up 34.2 pips with 20.8 locked in and therefore in a free trade; PT1 @ 4464 (38.2% FR of last move) PT2 @ 4438 (50% FR) & PT3 4327 (the prior low of 8/26/2011).

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USDCAD Trade

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GBPJPY. CADJPY, AUDJPY & GBPUSD Potential Trade Update

See update of potential trades posted over the week-end - GBPJPY moved 100+ pips, CADJPY 70+ pips, AUDJPY 80+ pips and GBPUSD moved only 50+ pips.

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Possible Trade Setup - GU

Another possible hidden bullish divergence in the Cable

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Possible Trade Setup

Potential hidden bullish divergence in GBPJPY, CADJPY and AUDJPY.

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AUDCHF Short Trade

Quick 76 pips in 25 minutes

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Possible Reversal Trade in the CHF Related Pairs

The CHF pairs sold off heavily yesterday but something interesting is happening this morning on all the related pairs without exception - divergence!!! I am posting a sample of the GBPCHF as this was the pair that moved the most and may be the one to give back the most in case of a reversal. I will be prepared to sell any upside failure.

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AUDCHF Long Trade Update

About 200 pips since my alert

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AUDCHF Long Trade

Slow start to the Lndn session - took a quick long trade in the ACH being the best combination on the CSM but spread is high.

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Possible Trade Setup in EURX

There is a potential reversal long setup on the EURX above 107.45 although I already entered early and in a free trade with stop moved to BE plus 7 pips

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EA Trade Update - PT Hit

Just woke up to find the profit target hit :-) and price has since reversed!!

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EA Trade Update

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EA Trade Update

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Possible Trade Setup in EA

There may be possible short trade on the EA - (a) bearish divergence & (b) unfilled gap around 3672-3715. Potential gain is 100+ pips. I will consider a short trade on failure of previous swing high if supported by the CSM.

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Possible Trade Setup in GJ & NCA

I see possible hidden bullish divergence on the GJ and NCA but will be extremely careful trading the next few days due to the downgrade of the US credit rating by S & P. The downgrade was not unexpected and may have been factored into market price but you never know - just my 2 cents :-)

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Possible Trade Setup

Kiwi Trade I took this AM

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Possible Trade Setup

Played a quick one to exploit the Asian open gap trade combined with the bearish M formation/pattern

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Possible Trade Setup - Update

The EJ & GJ trades identified over the week-end move over 150 & 200 pips respectively, and currently 100+ pips

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Possible Trade Setup

Possible bullish setup in EJ & GJ

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Trade Taken from the Trade Focus Report

Cable short trade taken off trade focus report

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EURO TRADE

Stress free trade and still in progress

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Where is the Euro Likely to Go Next??

I am bearish the Euro, Cable, Kiwi & Aussie and bullish the Swissy, Loonie & possibly the Yen above 7925. Attached is a sample chart of the Euro - the 50 pips spike within 5 minutes of S & P's threat of potential downgrade of US sovereign ratings did not change the chart structure.

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EURO TRADE

Update

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Project 50 Pips Update

The result for the 3rd week of our project 50 pips can be read on our website but the summary is as follows:

1. Day 6 - Break even trade
2. Day 7 - 42.2 pips (including Kiwi trade carried over the week-end)

We did not trade much last week as completion of another project temporarily took us off this project but we are back in full swing.

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We Did It Again - See Result of Trade Focus Report for June 17th

I hate to say we did it again but by the grace of God, I must humbly admit that we did it again. Read the full report.

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We Did It Again - See Result of Trade Focus Report for Today

We did it again, and you should see the result of the trade focus report for today. We identified the Euro, Cable, & Aussie to go down, and they generated 223, 155 & 104 pips respectively. We also identified the Swissy & Yen as mixed/up, and the Loonie as going up, and all produced 72, 36 & 125 pips respectively with Kiwi being the only exception that did not move in the direction we projected of the 7 major pairs.

You think this is luck!!! Predicting market direction with almost 90% accuracy and consistently since we went live and public last month is no small feat. Think what you could have made if you had this report 4-5 hours before the Europe/ London open :-) Our service is only getting better by the day as we now project probable direction of at least the 7 major pairs for subscribers who prefer to focus on the major pairs, while also hinting of pairs that may hit their top or bottom, and all done well in advance.

You can try the service for one month for only US$49.99 until June 30, 2001 after which subscribers pay the regular price of US$299.99. Visit our website to subscribe today, and join members already profiting from this unique service.

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Another Great Result from the Trade Focus Report

See another great result from the trade focus report for June 14, 2011. Nine specific pairs were identified to either go in particular direction, or to fail in their moves so our subscribers could be prepared and ready for action. Click here to read what happened.

You can try out the report for one month, for just 5 pips (US$49.99) by visiting our website to subscribe.

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ADJUSTMENT OF SUBSCRIPTION FEES

After reviewing and testing the new format of our trade focus report, we have decided to revert to the old but improved format so we do not miss trades. We will now have only one subscription group at a cost of US$299.99 and interested traders can visit our website to try the service for only US$49.99 until June 30th, 2011.


See the result of trades you could have taken during this session from the trade focus report issued over the week-end.


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Project 50 Pips Update

This is the second week of our project 50 pips and you can read the daily update on our website.
Summary:

1. Day 1 - profit of 6.9 pips
2. Day 2 - loss of 19.3 pips
3. Traded on Friday, June 3 and made a total loss of 63.9 pips
4. Day 3 - profit of 6 pips
5. Day 4 - profit of 57 pips
6. Day 5 - profit of 67 pips

We are going to trade Monday through Friday next week, instead of our usual Tuesday to Thursday trading schedule to catch up on our pips, otherwise we are going to starve :-) We are picking up steam and tweaking our trading system/method to improve our performance, and all trades were winners for the week - no loss.

Thank God and have a blessed week-end.

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Update from My Project 50 Pips Note

The Aussie long trade took off and generated 50+ pips but I missed it as I had to go out for a meeting, which I almost postponed.

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Note from My Project 50 Pips

6.35 am PST - Looking for reversal trades in the Euro, Aussie & Kiwi

 

 

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Potential Aussie Long Update

Trade now +40 pips with 18 pips protected

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Potential Aussie Long

This is an excerpt from Day 4 of my project 50 pips trading note
9.25 am PST - I told you it will be over if this thing doesn't move as we don't have all day. Closed for 21 pips for a total of 33 pips on the day. I don't know why I ignored the Loonie short as it happened the way I thought but decided I was going only for the Aussie and it would have given 30-40 pips what a shame!!

I am just trying to mimic the struggles we go through as traders in our decisions and options.
It doesn't matter what you make, just make sure you don't enter loosing trades, and you can always re-enter trades after pullbacks. My long term trader friends lost all their pips and even made a loss after 100+ pips in kitty. I prefer to day trade for now as long as the market continues to oscillate and not trend continuously.
Now, let's set our alarm and keep an eagle eye on the Euro & Cable long that will surely come. I'm off to rest somewhere in the office as I've been up since after 2 am.


10.50 am PST - the alarm on one of the pairs I was watching just triggered, and saw that my decision to close the Aussie trade was a wise one even though pair went up another 15 pips before dropping. The Aussie however is still a buy and will keep the alarm active - back to bed.

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Live Reversal/Retracement Trade Update

We could have made 70+ pips trading the GBPCAD retracement instead of the EURCAD if I had re-checked the CSM. See how PA made it to the 61.8 FR level. The EUR was weaker than the GBP when I checked but the GBP later weakened more.

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Live Reversal/Retracement Trade Update

PA was having problem closing below the 38.2 FR level, so on second failed attempt to close below the same level, it was wise to close the trade for about 25 pips @ 4286 since this was a counter trend trade any way.

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Live Reversal/Retracement Trade

Picture speaks for itself

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ADJUSTMENT OF SUBSCRIPTION FEES

After some consultation and by popular demand we are adjusting the way our subscription alerts are issued and invariably the fee to US$149.99 for all the groups. Alerts will now be issued only for star rated pairs from any of the groups, with possible counter trend points still indicated (for traders comfortable with taking counter trend trades).

Interested traders can visit our website to try the service for only US$49.99 until June 30th, 2011.

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Project 50 Pips Day 1 Update

Check day 1 update here

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