ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
(13 Mar US) Latest Impact: 15pips GBPCAD Mission Accomplished
The dilemma of the dollar took all of us by surprise as yesterday’s blow out was not only an up move of almost 500pips vs. CHF, but also a down move vs. EUR.
A dilemma indeed and it is like American US Dollar is divided onto two portions after the disintegration of the financial system. How can USDCHF move up 500pips and EURUSD move up as well?
The above needs a correction: If EURUSD keeps its uptrend thus USDCHF will run another blow up, a reversal of yesterday. Otherwise, EURUSD blows out to catch a delay down trend, and USDCHF hints toward its main ceiling which has not been tendered yet (near 12000).
Euro Shape this week is forming an ascending wedge, an indication of downside pressure. Yesterday, the incorrect move of the EURUSD breached the resistance of that ascending wedge and any piercing of its upward trendline from the lows (TL 11-12Mar) falsifies the upward move.
Weekly Signal Résumé
(11 Mar) GBPCAD: Sell 17977; TP 15pips (Mission accomplished Mar 13)
(04 Mar) GBPJPY: Long 14020; TP 55pips… [Target met late US Session on 04 Mar]
26 Feb: (Limit Order): Sell GBPUSD @ 14000; TP 15pips [Target met 02 MAR]
20 Feb: New Signal: Long EURUSD @ 12720; TP 15pips (Target met late evening 20Feb)
13 Feb: New Signal: Long GBPAUD @22000; TP 55pips (target met 15 Feb)
10 Feb: Short EURUSD @ 12702; TP 15pips (target met 15 Feb)
Long GBPSGD @ 21890; TP 55pips: Feb 05 Mission Accomplished.
(Position working of 30 Jan: Buying AUDNZD @ 12600; TP 13200 is an ok trade as long as 12255 is not seen again.)… (Feb 03: Move stop to 12400); Feb 05: Move stop to Entry Level. Feb 09 – position stopped breakeve although 120pips were given.
GBPJPY closed breakeve (although 220pips have been made) as the rally did not last
15pips GBPUSD Mission Accomplished; Reminder: Short 15000 (Revise ForexSurvivor Weekly Weekend Newsletter 09 Jan 2009).
2 Positions GBPAUD closed this week (05-09 Jan) with 15pips each. No open position left.
Risk Certification
The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
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