ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
(13 Nov US) The U-Shape formation that was released yesterday (see yesterday note below) and the 300pips reversal in crosses were banged in the end. Euro Bund attempting a clear way towards new high for Nov, yet the bid action seems slow-process for now.
(13 Nov Europe) After completing the 35pips of GBPJPY, the reversal ‘assumption’ worked indeed during Asia session as stated on ’12 Nov US.’ Did I say ‘assumption?’ if I assume, presume, predict, forecast, then why do I need to be on the trading platform? I hold those terms for the weather focal direction and I let my concentration widen for further correction during the day. Any dip today beside yesterday low is a buy (high is a sell), and mid November positions are being well accumulated for a trend that will last till mid Jan-feb. I am not sure yet why Bernanke is agreeing on such wide move of 500pips a day, but I am in no doubt that he is out of cash and looking to cash-gain from other currencies. There are no indicators that US growth is not worsening and this is a plunge of further dollar weakness in the coming weeks but not this week (except usdjpy).
It was attractive knowing about the 40pips trade in GBPUSD – Reminder of the trade: Limit Order: Long GBPUSD @ 20930, only when we have a close first below 20930 (see weekly newsletter). We had such close @ 20900 and we had not seen the entry level, at least yet. I believe it was not an ‘assumption free trade,’ but a pre-emptive trade that took min 3 hours to be set. Now, when we see 20930, of course the 40pips will be achieved. When you enjoy it, just ‘applaud.’
(13 Nov Asia) GBPJPY Mission of 35pips has been completed.
Reminder (see 12 Nov Asia) Long GBPJPY @ 21:22GMT today for 35pips – Mission Completed.
(12 Nov US) Non-Stop pricing and the blame is back on ‘August Subprime.’ Take it Easy commentators: stop having the wrong excuses. Would the Asia market reverse the non-stop Monday trend? Yes, it should! Would it reverse crosses 300pips? It might be the day. Conclusion: don’t count on Monday trend continuation. USDCAD reversal confirmed and target back to parity.
(12 Nov US) The U-shape is under formation this week as top in euro & sterling is not complete of course. Deviating from the bullish concept would be painful. USDCAD approaching the reversal point targeting parity back in the coming days. Selling 9950 for our trade complete the signal & might be considered a sell signal in full (4.5lots)
(12 Nov Europe) The summit between President Bush & German Chancellor Angela Merkel on 10 Nov led to the agreement for a diplomatic solution to the Iranian nuclear standoff. Such diplomatical channel will erase the trend of Gold & Crude Oil for breathe during this week. Yet, and most important, crude oil has to register $100/bl to let worldwide media have good earnings report by the end of November.
(12 Nov Asia) I have warned and I will warn again: adapt your trading strategies as low liquidity and high volatility are in the increased towards year end, and G7 conclusion of 50pips in trading has been understood as 500pips, being a normal trade especially with crosses. We highly recommend staying away from eurnzd & gbpnzd. We adapt the target of eurusd to 33pips instead of 10pips and nzdusd entry to 7700 instead of 7900 (see below). Long GBPJPY @ 21:22GMT today for 35pips is no harm as long as the price is below 23100.
ForexSurvivor Signal(s):
1. (09 Nov) ForexSurvivor Weekly Newsletter: Long GBPUSD 20930; TP 40pips
2. (09 Nov) Selling usdchf below 11200 for 30pips is ok today.
3. (08 Nov) Buy EURUSD in the upper middle part of 14700 (@ 14750) and TP 33pips.
4. (11 Nov) New Signal: Buy NZDUSD @ 7700 & TP 25pips
- (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.(12 Oct) Close all positions @ 9944 to enjoy 1000pips.
November Closed Positions: 313pips up to this release.
- Mission Completed: (12 Nov) Long GBPJPY @ 21:22GMT for 35pips
- Mission Completed: (08 Nov) NFP Long USDCAD 9350; TP 50pips
- Mission Completed: (05 Nov) Ftse sold @ 6488; TP 6400
- Mission Completed: (05 Nov) Dow J sold @ 13505; TP 50pips
- Mission Completed: (06 Nov) Long Silver 15.00; TP 15.40
- 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. ***
