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www.forextradingseminar.com/blog/ – Ever wonder what is really possible to achieve in Forex trading without any ridiculous hype? The best way to find out is by consulting a Forex Trading Income Calculator.
Forex Trade Alert for – Symbol GBP/USD.
<Forex Trade Alert for Friday Aug 27, 2010>
On Aug-27-2010 a candlestick formation confirmed a buy signal. 4xGenie Action: ==> BUY GBP/USD @ 1.5596. Stop at 1.5352. Wave 5 could rise up to 1.5813 or to 1.6000. Today's candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!
Next Day Trading Ranges for Friday Aug 27, 2010
The [R3] or the most extreme high trading range is 1.5551.
The [R2] or the extreme high trading range is 1.5543.
The [R1] or the high trading range is 1.5530.
The [P] or pivot point is 1.5522.
The [S1] or the low trading range is 1.5509.
The [S2] or the extreme low trading range is 1.5501.
The [S3] or the most extreme low trading range is 1.5488.
Next Day Alternate Stops for Friday Aug 27, 2010
Trade Alert for AUDNZD
Trade Alert for Wednesday Aug 25, 2010
On Aug-25-2010 a candlestick formation confirmed a buy signal. 4xGenie Action: ==> Buy this currency pair AUD/NZD at 1.2712 or better. Stop at 1.2474. Wave 3 could rise up to 1.2878 or to 1.3111. Today's candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!
Next Day Trading Ranges for Wednesday Aug 25, 2010
The 20 day moving average of the daily trading range is 102 PIPS and the 60 day moving average of the daily trading range is 101 PIPS. This shows that volatility has increased in the short term. The percentage of updays when the open/low ratio is less than 25% is 61.78 percent. This means that if this currency pair AUD/NZD does not drop more than 26 PIPS from the opening price then there is a 61.78 percent chance that this will be an upday.
2nd Wave Up GBPCHF1440 Symbol: GBPCHF1440 As of Aug-17-2010
Stop of 1.6303 was reached on Aug-16-2010. 4xGenie Action: ==> Remain out of this market! This trade gained 0.0367
Next Day Trading Range.. High: 1.6322 Low: 1.6246
Next Day Breakout Points High: 1.6353 Low: 1.6201
Price Projections……. 1st: 1.7078 2nd: 1.7552
Current Price Activity.. Open: 1.6276 High: 1.6308
Low: 1.6232 Close: 1.6291
3rd Wave Up GBPJPY1440 Symbol: GBPJPY1440 As of Aug-17-2010
A second entry stop of 134.1900 was reached on Aug-11-2010. 4xGenie Action: ==> Remain out of this market! This trade loss -0.7300
<Forex Trade Alert for Friday Aug 06, 2010>
On Aug-06-2010 a candlestick formation confirmed a buy signal. 4xGenie Action: ==> Buy this
currency pair EUR/JPY at 113.48 or better. Stop at 111.40. Wave 3 could rise up to
115.71 or to 117.50. Today's candlestick appears in the yellow shaded area of the chart. This
reflects strong consolidation here!
TRENDLINE ALERT: Resistance level of 113.33 was broken today. Look for a possible rise to the
next resistance level.
Next Day Trading Ranges for Friday Aug 06, 2010
The 20 day moving average of the daily trading range is 150 PIPS and the 60 day moving average of
the daily trading range is 187 PIPS. This shows that volatility has decreased in the short term. The
percentage of updays when the open/low ratio is less than 25% is 52.78 percent. This means that if
this currency pair EUR/JPY does not drop more than 37 PIPS from the opening price then there is a
52.78 percent chance that this will be an upday.
The [R3] or the most extreme high trading range is 115.0433.
The [R2] or the extreme high trading range is 114.3667.
The [R1] or the high trading range is 113.9333.
The [P] or pivot point is 113.2567.
The [S1] or the low trading range is 112.8233.
The [S2] or the extreme low trading range is 112.1467.
The [S3] or the most extreme low trading range is 111.7133.
Next Day Alternate Stops for Friday Aug 06, 2010
The red line to the right on your chart is an extreme support or resistence level for the next
trading day.
A good alternative stop is one which is placed just beyond this extreme support/resistance level.
In this particular case if the price drops below 112.14 then that would show momentum against
4xGenie's long position and that would be a break out to the downside.
Please Note: These support/resistance levels are calculated by using the previous day's trading
range. Normal volatility may cause a breakout of this value once every 4 or 5 days when prices
consolidate.
Current Day Trading Session:
New momentum to the upside has just started.
Next Day Trading Session:
If the next day's close is below 113.31 then that could be a sign that the current upward
momentum is reversing.
4xGenie Support Team.
