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If you followed my forecast from Thursday the 22nd posted at 5:13 pm you would have benefited from both a bearish fall ending nearly 90 pips shy of the intended target but offering at least 130 pips of net profit. The bearish whip and reconfirmation of new resistance in the 2975/90 area offered tremendous profits…
I am long the pair for targets and reconfirmations of previous supports and then resistances stated in the Forecast and Trade Alert issued earlier this evening at NY close. My stop loss levels must range at 2923ish or slightly less depending my tolerance. May cut with loss at 1.2931 and see test of 2921 or less and…
Futures News & ViewsBy: Derek Frey January 20, 2009 General Market Comments: Obama! This week we have the Inauguration of President Obama. Once the party dies down the real task at hand begins. We expect to see many things coming out of the Oval Office in the coming days and much of that will…
FOREX News & ViewsBy: Derek Frey January 19, 2009 Quick Links Register Now Related Topics About the Author window.google_render_ad(); General Market Comments: Congradulations President Obama So this week we have the big event which is of course Obama’s inauguration. Monday and Tuesday of this week in the US are effectively holidays and as such we…
The Alert is for primary market movement for 2 hours or more starting at 1:30PM. The signal is showing as moderate to strong. Good Luck
Britt
If you followed our last forecast, Thursday near the Tokyo open, our PMTP was precise and our inference the market would make a price action reversal offered more than 40 pips toward week-long support. Day Trades : Last week we issued two timely day trades with defined stop and profit targets and each trade was…
We have a a moderate slot open at 7:30pm. I will strive to assess the technical outlook and if I can deliver an effective trade with limited risk I will publish it here. I anticipate an immediate but temporary ‘price movement’ in one direction that may be reversed — I call this a volume hump. I…
The Primary Movement Timing Program lists a moderate to strong slot starting at 9am with a 3 hour duration window. Trends appear to be the driver — I have no trade to issue at this time. Good Luck
A consolidating market overnight offered trade the loop d’loop retrace suggested and finally met our profit target 2 (pt2). I am strictly a watcher at this stage seeing a slight bullish tone and I will alert you if something firm develops. Currently if one studies the 30 min Chart — you can see that the euro…
The trade is banked with minimum 40 pips profit at 1.3567 and I may choose to enter again if we get the ‘loop d’loop retrace. Please note that earlier at 3:pm our PMTP forecast offered 40 pips immediately on the euro and pound. The timer is quite accurate. Additionally — my comments regarding low-compression bearish…
I issued a sell signal on this Pair that just got triggered. According to my description for the trade to be most effective — the 3569/83 burst is in motion but not yet firm. I am short from 1.3624 and those that entered as listed at 1.3607/11 should now be setting a zero stop and…
Will sell 1% margin or less at 1.3607/11 for target 1.3549/11 or better and will place stop at zero if 1.3569/83 is busted down (or sooner once started) and or kill for profit if 3569-79 cannot be busted clean. Stop is tight at 1.36299 or better based on price action. This is a moderate-to- high risk intra-session…