Archive for June, 2010

Jun
23/10
OracleTrader Profits on Another News Trade
Last Updated on Wednesday, 23 June 2010 05:20
Written by admin
Wednesday, June 23rd, 2010

Hello Everyone, Below is the OracleTrader being used to enter a news trade on the Canadian Retail Sales. This is a very powerful tool for the forex and as you can see within just seconds I am able to enter and exit a trade for some decent profits. Below I posted comments from the transcripts of my trade room. It happens very fast but you can see the profit show up in my order box at the bottom and then quickly get closed out.

Download Link OracleTrader At Work on the cad retail Sales


[8:30]-Dean :20 pips
[8:30]-Michael :17 piparoonies
[8:31]-Rajen:13 ticks, im happy
[8:31]-Neal:my first trade made 25.4
[8:31]-Steve :Out with 16pips
[8:31]-Mike :14 pips
[8:31]-John:19
[8:31]-Hoe:17 pips on USD/CAD
[8:31]-Steve:Correction 23 pips
[8:32]-LARRY :Took 21 pips on one station and requotes on 3 others – all USDCAD
[8:32]-Margie:13.5 pips
[8:32]-Rich:i got 1 requote and entry on my row 2 11 pips eurcad entry at 2690
[8:32]-Neal:thanks Dustin, got to go to work
[8:32]-RICHARD:17 on 1st half 27 on close out
[8:32]-Beth:9+ pips for me
[8:33]-Lon:I had four broker stations setup. Only one placed the trade but got out with 45 total pips.
[8:33]-Yerachmiel:14 pips on USDCAD and no reaction on another broker
[8:33]-Larry:I got 1 1/2
[8:34]-Ciubuca:16 pips, closed in 6 seconds
[8:35]-Daws:IBFX 38 pips
[8:36]-ALICE:I got 21 pips profit
[8:36]-Fred :just grabbed 16 pips…great…
[8:40]-Frigga:I made 14 pips – safe trigger – manually closing the trade

If you haven’t yet downloaded your free version of the OracleTrader you can do so here:

www.oracletrader.net/wait

If you are ready to join me live you can do so here.

www.oracletrader.net/signup

Jun
23/10
USDCAD Sell at 1.0422
Last Updated on Wednesday, 23 June 2010 08:57
Written by Ross Mullins
Wednesday, June 23rd, 2010

USDCAD Sell posted to TAP at 9:33am ET. We have seen a good push higher after data this morning for the CAD. Now the pair has moved into the 4 hour trend line that also has historical supports around 1.0425. Looking for some rebound of todays move back into the upper 1.0300′s. On the 1 hour chart the Tunnel fib line also intersects with the 1.0425 area. Just below are two fib retracement levels from the previous downtrends as seen on the 4 hour illustration.

USD/CAD 4 hour Chart Picture

USD/CAD 1 hour Chart Picture

Jun
22/10
EURUSD Potential Reversal Setup
Last Updated on Tuesday, 22 June 2010 09:28
Written by Ross Mullins
Tuesday, June 22nd, 2010

The EURUSD has been in a steady downtrend since Nov 09. With that comes the expectation that a reversal or retracment is possible. However I would caution against thinking it couldn’t go lower….there are no boundaries to what the market can do. As traders it is our job to look for indicators that may be pointing to a potential outcome.

In studying the daily chart we can see that there has been support at 1.2150 during May 2010 and then a new low in June at 1.1900 area. The pair has now moved back above the 1.2150 support area and this week has been decending from the highs at 1.2450. Here is where the potential trade setup is shaping up. If it falls back to 1.2150 the reverse head and shoulders reversal pattern has potential to bounce the pair back up and could indicate a reversal in the trend. This is just potential….if it breaks that same 1.2150 area we could see a test back to 1.1900. I have attached two images to illustrate the setup.

This potential setup could take a few weeks to develop.

EURUSD Daily Chart

Reverse Head and Shoulders illustration

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