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New Signal: EURCHF

Tue, Nov 27 2007, 07:57 GMT
by Anthony Samaha

ForexSurvivor  |  View company's profile

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• Europe Nov 27

1 minute with ForexSurvivor

(27 Nov Europe)            Yen crosses (eurjpy…) choppy move not easy to be considered on the bullish side yet. Tactically, selling them before US closes by one hour, and as long as the price is above Asia high, would endorse ForexSurvivor 50pips account profitability.

How do you turn a turtle onto cheetah?

Many traders do keep asking me how can I trade well so many different currencies, equities, metals, & crude Oil, and do perform bad with EURCHF; and I proudly admit that this pair is outlandish for me, and I am not sure why I trade it every so often. It is unbelievable how it goes against my position in matter of seconds. Sometimes the whole romantic environment is marvellous around this ‘turtle’ pair (eurchf I mean), and once traded, that turtle turns onto cheetah! Proudly admit indeed because I recover it through other currencies (and not adding to it).

I believe that the main ‘cute-astute’ reason for that bad performance with eurchf currency is that in Switzerland, there are 4 languages spoken, and till we understand each other, the mess is already done.

Shall we buy eurchf for 30pips? Price reading 16330 (signal)

(27 Nov Asia)       Do we call it Equity Deterioration? Is it really a crunching market or it is one of the main reasons that the US is starting to prepare for leaving Iraq. Let us remember, when the US reached Iraq 2003, equities reached the sky, and by 2008 Mr. Bush has to give up his seat, where the equity market will return to the level that was base-built by 2003.  For now, we are bearish on Dow Jones and we like to remain that way till 12500/10700!

What a feasible move in FX to have stop loss crunched; the trend has not changed and yen crosses downside is incomplete. Another yen reversal should follow within 2 days.

(26 Nov US)        A.        30pips EURAUD Mission Has Been Completed. Reminder of the trade: Long 16950 target 30pips exact @ 16980.

B.         GBPJPY Trade has been closed @ 22200 achieving 210pips.

(26 Nov Europe)          Does it seem the whole world went onto selling GBPJPY on Friday as per our bearish signal which is based on ForexSurvivor ‘375pips’ formula? Major FX News provider has reported at 04:07 GMT Nov 26th: ‘traders refer to a sharp 300 point rally in GBP/JPY over the past 24 hours which have some short term bears running for cover.’ And as per our signal reminder ‘(23 Nov Asia) You may start being GBPJPY seller as our ‘375pips’ formula issued a bearish signal :( price screening now almost 22410); TP 375pips’ the news spotted well ForexSurvivor Behaviour, knowingly that we are not short covering anyway, and we might add to our position; thank you big hunter for allowing an adding position to cover our GBPJPY mission. Worth mentioning Friday GBPJPY low reached 22130 achieving 280pips the moment we went onto selling. Current status: GBPJPY position is working, and we know that there is a market understanding share that when a profitable position is not closed, trade negativity will be evidenced; it is not an issue for our trade as GBPJPY  target is on the screen within 20 days.

(26 Nov Asia) EURUSD reversal on Friday is ‘shaky, inconvincible & weak’ as Thanksgiving Holiday illiquidity ensured a wrong movement. I would prefer considering Wednesday Closing rather than Friday’s even though I am seeing ‘extra’ dips in eurusd which will be nothing but a preparation for launching short trend to pierce 150euro-psycho price. For the sake of the trading do not sell 15000, and buy the high of the previous week to pierce that 15000 (signal); next target 15330, but not before major choppy moves as this Friday is the time for a monthly close (should be scary this one)!

A.      Oldish notes: GBPJPY ‘375pips’ formula

(23 Nov Asia) You may start being GBPJPY seller as our ‘375pips’ formula issued a bearish signal :( price screening now almost 22410); TP 375pips.

Closed with 210pips

New Signal: Long EURAUD @ 16950

Currency:                              EURAUD                        

Trade Objective:                  Against Correction follower

Chart:                                     Daily                              

Missions

Completed

Trade Volatility:                             Medium                

Trade duration once filled: min 1 Hr, max 10 days                   

Trade Selectivity:                 Long Side Only            

Spread Consideration:        Set the trade as it is below in its exact form

Before you trade note:                  N/A

Long 16950 target 30pips exact @ 16980

Enjoy Euro Cross Trade.

Contact us for support in case we are stuck with the position

B.      ForexSurvivor Signal(s):

1.  (09 Nov) ForexSurvivor Weekly Newsletter: Long GBPUSD 20930; TP 40pips

2.  (11 Nov) New Signal: Buy NZDUSD @ 7700 & TP 25pips

C.      November Closed Positions: 1318pips up to this release.

1. Mission Completed:            (23 Nov)        Short GBPJPY 22410; TP 210pips

2. Mission Completed:            (26 Nov)        Long EURAUD 16950; TP 30pips

3. Mission Completed:            (23 Nov)        Breakeve eurchf vs. gbpjpy -Nullpips.

4. Mission Completed:            (21 Nov)        Long GBPNZD 27300; TP 50pips

5. Mission Completed:            (21 Nov)        Long GBPUSD 20651; TP 30pips.

6. Mission Completed:            (20 Nov)        Buy EURUSD @ 14750 and TP 33pips.

7. Mission Completed:            (16 Nov)        Selling usdchf below 11200 for 30pips

8. Mission Completed:            (16 Nov)        Long USDCAD – 601pips (see 16Nov Asia)

9. Mission Completed:            (15 Nov)        Long USDCAD 9701; TP 9722

10. Mission Completed:            (12 Nov)        Long GBPJPY @ 21:22GMT  for 35pips

11. Mission Completed:            (08 Nov)        NFP Long USDCAD 9350; TP 50pips

12. Mission Completed:            (05 Nov)        Ftse sold @ 6488; TP 6400

13. Mission Completed:            (05 Nov)        Dow J sold @ 13505; TP 50pips

14. Mission Completed:            (06 Nov)        Long Silver 15.00; TP 15.40

15. 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  Tue, Nov 27 2007, 07:58 GMT

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