1 minute with ForexSurvivor

 

 

Three signals (NFP cad, FTSE, & Dow J) have been closed and we are left with usdcad & nzdusd. Adding or new buying 2 lots usdcad @ 9200 is a signal to our below position, targeting 9953.

 

 

(08 Nov Asia)     50pips NFP USDCAD Mission Complete

Reminder: (02 Nov US) as stated we launched 50pips NFP trade signal ahead of the release of NFP by 10 mn; Reminder of the trade: Buy USDCAD and TP 50pips. The price was triggered at 9350 and completing the 50pips trade on 08 Nov.

 

 

(07 Nov 2007)     50pips Dow J. Signal has been completed:

Reminder: (05 Nov) Dow J sold @ 13505; TP 50pips – Target Achieved.

 

*** Also we like to close our FTSE Signal @ 6400 generating 88pips.

 

 

(07 Nov US)   The equity market resets itself for bearish wave tonight and I expect equity mini target to be met within 48hr (see signals below). It seems everybody is out of CAD esteem and traders giving up most yesterday with such severe trend; that is lovely as retracement, which is always manageable when everyone is out, will start today. Euro mid figure of 14700 is sellable while the other mid is buyable.

 

(07 Nov Europe)            ForexSurvivor Silver Signal Mission has been achieved: Reminder: Weekly Weekend Newsletter: Long 15.00 & TP @ 15.40; Asia session has reversed the market outstandingly. All you need is to go with Major Dollar Trends except for usdcad. Reversal in the latter is alarming, and strong one remains to be aggressively active. Figure of 8900 should not panic any emptor and the final buy should be set once crude oil hits the $100. Only then we will add to the cad trades below where 3 lots for case no.2 and 1.5 lots for case no.1; the trend has been entrenched for 4 weeks and its parabolic formation will result sharply higher before it bends.

 

New Signal: Buy NZDUSD @ 7900 & TP 25pips

 

(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.    (07 Nov) New Signal: Buy NZDUSD @ 7900 & TP 25pips

 

  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: 278pips up to this release.

                                                                       

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

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

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

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

  5. 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. ***