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Spot Forex Trades

Selling Dow for 50pips

Mon, Nov 5 2007, 14:50 GMT
by Anthony Samaha

ForexSurvivor  |  View company's profile


ForexSurvivor

Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
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(05 Nov US) equities, being in bearish mode at the start of the week imply forex retracement in the offing especially the one related to CAD and its crosses. Selling Dow J is ok today for 50pips (it is reading now 13505).

 

 

(05 Nov Europe) yen crosses will not give up the uptrend that easy yet, and be careful of going the sell way. In the middle of the week, Majors should retrace to almost 50% of the previous week rally, pound may do 61.8% with a question mark, and USDCAD final low figure was seen last week. Commodities, especially nzd, still supportive and we see no retrace this week. Gold closed at level unseen for decades supporting the commodity view. The combination of FOMC with NFP closing day form the trend towards year end and for those who care about stop should have it set below or above October candle tail.

 

 

 

ForexSurvivor Signal(s):

 

  1. (21 Sep) Bought USDCAD @ par and enjoy 103pips. (24 Sep) Position opened @ par. Hold on! Target first attempt missed by spread cost. (05 Oct US) added a buy (level II) 1.5 lots @ 9760 and TP @ par initially. (22 Oct) Final entry, buy 2 lots (level III) @ 9544.

  2. (02 Nov)   ForexSurvivor will launch on its NonySqueakNews wire NFP New Signal for 50pips ahead of the release by 10mn. Last time, such trade was on usdjpy and the trade was closed within winking-eye time enjoying the 50pips. (You may check the wire then). (Pair bought @ 9350 and target was not triggered yet).

 

 

November Closed Positions: 50pips up to this release.

                                                                       

  1. Mission Completed:            (30 Oct)       Short EURAUD @ 15620; TP50pips.

 

 

 

ForexSurvivor is a dynamic trading concept that uses no stoploss, & instead its formula converts the stoploss onto an adding position of 2 levels, or reverses the trade within a max loss of an average so far within a year of 28 pips.

 

 

Anthony Samaha

Trading Engineer

 

*** The Potential Flows of Trading Information constitute my judgment and are not trading recommendations. ***

 

 

 

 

 

Published on  Mon, Nov 5 2007, 14:52 GMT


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The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. **** Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.
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