1 minute with ForexSurvivor

 

 

(06 Nov US)        Who is gaining from the highest ever prices of Crude Oil & Gold? And why we have such high prices? As a dear Gulf Region & to whom it may concern address letter, I bring to a close that Oil Gulf regions are gaining of course in an exchange to support US plan strike efforts against Iran Uranium Project. Till then, we see no backup pricing and this will lead agriculture prices steeping aggressiveness towards pyramid top. CAD reversal point has been set at Crude Oil of $100/bl. FTSE traders close the gap towards 6300 ( it is reading now 6488).

 

 

(06 Nov Europe) The aggressiveness in trending is supposedly not to be considered abnormal; all else being equal, the situation in the MEA is verging towards new war era and the implicit US manoeuvre began last week as Straits of Hormuz (Oil tanker traffic) is under threat by the Revolutionary Iranian Guards, support the commodity view of Gold; yet, as there is a meeting among major leaders (US & France), that commodity will retrace suddenly and being long gold & crude oil has become practically danger. Don’t get the greed in, the market will retrace out of a sudden causing dailies disruptions. You have been warned!

 

(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. Dow J sold @ 13505; TP 50pips

  2. (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.

  3. (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. ***