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(30 Nov US)        30pips Free EURSD trade to start Dec with

EURUSD Free Trade of 30 pips

30 Nov Spot Trade                                      

                                                 

Currency:                             EURUSD                                

Trade Objective:                 Partly the End of Retracement

Chart:                                                30 Mn                         

Trade Entry Validation:     30 Nov - 29 Dec                   

Trade Volatility:                   Medium                      

Trade duration once filled: min 1 Hr, max 7 days                    

Trade Selectivity:                Buy Side Only                       

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

Before you trade note:       Let the price have a closing bar below 14499 on the 30 mn, then set the limit order.

           

                                                 

Long 14500 target 30pips exact @ 14530

Enjoy Euro Trade.

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

          To conclude, I let the weekly/monthly closing do the trading gossips, as I will pass a final warning: December is known for low volume, low liquidity, and no control by major investors, or as traders say among themselves – Mafia takes the lead (Only on TV). By Mafia, they mean, Bosses to enjoy their vacation, kids to play trend-stretch with no limits. You will read during September lots-of:

When will that trend stop?

Why is it not ending?

How far can it go?

And you will read them with anger…

*** All positions are closed; No open positions left; & all limit orders to be removed, except the euro trade of 30pips below, and the GBPUSD free trade of the newsletter (09 Nov) which is valid for one more week.***

Have A Great Weekend.

(30 Nov Asia)  Recovery in Nikkei & other equities will keep Yen on the ‘Bid’ for the rest of the week and most probably towards mid next week. It does look also that we will have a weak close in euro suggesting a wave towards 14500 is in the offing, not ruling out 14000. A close above 14850 is nasty.

(29 Nov US)        Buying USDJPY within minutes (price below 110) and keep target open for now is not a bad idea, but be careful when you select the timing. Its updates will follow later.

(29 Nov Europe)                   ECB rate next week will keep the eurusd dip on the shallow till decision is released. If not, any ‘diabolic’ dip then is a buy ahead of the ECB. Euro 15012 has to be screened and Crude Oil @ $100/bl should set an unpleasant record for the economy.

Remaining Signal for the end of the month: GBPUSD, EURUSD, & Nikkei. We will keep them as a limit until further notice. (You will find them below).

(29 Nov Asia)     Commodity securities channel has reversed and trending towards the up way; AUD strengthening onboard, and being short aud vs. other pairs (except audnzd) is not ok today, or at least will not last.

I was amazed seeing usdcad screening 0.9999 and not 1.0000, where parity means 1.0000 and not 0.9999 Messrs les Torontonians. As per ’28 Nov Europe’ the signal about usdcad not that bad (Till then exiting long near parity is ok) where the price was almost 9955 at the launch of the wire.

Equity market started constructive as per my say, but did not reverse; I will allow today’s US session to see if the constructive territory will get a shake off! It should if Nikkei closes below 15200. By the way, Nikkei has entered a very dangerous channel, either steep up or continuous trending lower – weekly close may be a good determination. For now, selling 15800 would be ok if triggered by Wednesday 05 Dec, TP 100pips.

(28 Nov US)        25pips NZDUSD has been achieved;

Reminder: (11 Nov) New Signal: Buy NZDUSD @ 7700 & TP 25pips – check ‘B – ForexSurvivor Signals.’

The nzd order that has been set on 11 Nov has been triggered by the end of the month; it tells that NZD trend should be constructive near term. Identification base is needed this month and next Thursday to confirm bottom is in place.

(28 Nov US)        What goes up will go down, and the vice-versa is valid. Asia will do the reversal, as it is apparent the trend has no firm back up except stoploss hunting as month end on the approach, supported by end of the week as well. Major traders do prefer not to trade next month, and as a result the trend will be firm especially in Majors next month & then to be reversibly repeated when they come back by 20 January. Further, next month we will see prices never seen before where the ‘ouch!’ will hurt the strength of the European currency. Had the euro touched 15012, I would say the strength trend is over for few weeks, but that did not happen, and since that psycho price barrier about to be pierced within days, let me be of help in checking the graph of what happened when USDCAD broke parity so you manage your chart accordingly. If no trend takes place, then we will be in wide range trading in Dec, but this is not ok for my formulas – thus, the former assortment (trend) will take place.

(28 Nov US)           Observers have lost appetite in Crude Oil $100/bl and here is the main theme – someone else’s is about to gain that appetite. Be careful: you do not want to be short crude oil; as for equities, a lull some day mainly being a bit constructive early US morning, but preferably starting bearish wave as of midday.

Bulky 20pips Achieved.

Any Yen cross has closed 20pips as per signal below (28 Nov Notification).

(28 Nov Notification)  Bulky 50pips Achieved.

Referring to the yen crosses signals as per my ’27 Nov Europe’ section, selling them was executed achieving 50pips in each of eurjpy, gbpjpy, cadjpy, audjpy, nzdjpy, chfjpy, & usdjpy.

Shall we buy them now? Yes, but for 20pips (signal) MISSION COMPLETE.

(28 Nov Europe)            Parity is back! USDCAD showing a divergence indicator implying 9700 to be seen again, at the same time waving towards 10200; which level first is a good question! An eye on Crude Oil should be a good indicator; when oil exceeds $100/bl, only then we can determine the top of the dollar correction, of course not the same day! Till then exiting long near parity is ok for today.

(27 Nov US)           Applaud!!! 30pips EURCHF signal has been achieved; Reminder:

Check 27 Nov Europe, last sentence. It was not performed that bad!

No matter what OPEC does, crude oil price @ $100/bl will be pierced and surpassed by at least $3.5 as a first attempt – shall we see $100/bl back immediately after price screening above 100? Not that easy. We did not see usdcad back to parity (1.00) that immediate.

(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 Entry Validation:       23 Nov - 23 Dec           

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 – MISSION COMPLETE

C.      November Closed Positions: 1418pips up to this release.

                                                                       

  1. Mission Completed:            (28 Nov)        Buy NZDUSD @ 7700 & TP 25pips

  2. Mission Completed:            (28 Nov)        buy Yen Crosses; TP 20pips (see 28 Nov Notification)

  3. Mission Completed:            (27 Nov)        Sell Yen Crosses; TP 50pips (see 27 Nov Europe)

  4. Mission Completed:            (27 Nov)        buy eurchf 16330; TP 30pips

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

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

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

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

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

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

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

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

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

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

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

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

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

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

  19. 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. ***