1 minute with ForexSurvivor

 

 

(02 Nov Europe)          The double top generated in Yen crosses is nothing but a trap for the bear. Be careful as those crosses’ tops have not been completed and will not be that soon.

 

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).

 

 

(01 Nov Europe) Crude Oil has become very risky trade, long should exit. As I passed a trade ahead of FOMC (euraud of 50pips), tomorrow I will pass again a trade ahead of NFP by 10mn for another 50pips. For quick tracking, check NonySqueakNews wire. I received plenty of emails traders asking me how I knew FOMC has a cut of 25% on my Monday wire with no other alternative (neither rate unchanged or cut 50 %...) and how was I sure? Inflation analysis tells the whole story, which is what I have! CAD new target set @ 9823 and a sell might be considered.

 

Pound strength is excellent and channel towards 22500 is of no escape for 2008 target. Dip buying should be considered below 20000 in the weeks ahead, and selling today is a loss.

 

(31 Oct US)         FOMC decision and monthly close have entrenched new trends in GBPUSD, EURUSD towards year end, and this week USDCAD will have the final low for year 2007.

 

***As of this wire, I will start the news for November 2007, closing Oct wire with 641pips, and dragging CAD position to November

 

 

 

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.

 

 

November Closed Positions: 50pips up to this release.

                                                                       

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

50pips.

 

 

 

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. ***