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2007 Psycho Year by ForexSurvivor

Tue, Sep 25 2007, 10:29 GMT
by Anthony Samaha

ForexSurvivor

Forex Department

2007 known as Psycho year by ForexSurvivor

Memory Refresh Events (3)

Event 01:     ForexSurvivor Long Term Targets

At the beginning of 2007, ForexSurvivor identified the following Long Term Targets:

1.     GBPUSD       2.0000

2.     GOLD            800 then 1020

3.     OIL                80 then 106.5

4.     CAD               PAR (1.0000)

5.     AUD               PAR (1.0000)

6.     EURO            110

7.     S&P                1600

8.     USDJPY       125 then 130

Summarizing  Forex & Non-Forex trading roll since the beginning of 2007, and which all are found in my Weekly Newsletter, I may start by pointing out that ForexSurvivor GBPUSD has been the most profitable signal for the year among the majors (Check Benchmark , has been updated). Its target @ 2 has been achievable and quite well surpassed.

Nowadays, Crude Oil & Cad has screened the yearly potential target, while GOLD & AUD are heading towards their goals where the former should be screened near term and the latter to have the par recorded before Mar 2008.

S&P, after faltering ahead of the target during August turmoil, it is heading there started mid September and of course our target is of no miss. USDJPY hit the initial target 125 and we should prepare the run towards 130 by year end.

As far as EURO, we have stated that euro has no major trend this year and it is in a consolidation mode after inflating from 0.8000 till last year. We have stated that the band between 13500 and 14000 is nothing but a solid preparation for the tumble. Allow few days/week of collecting years of masses of stops before dollar appreciates towards 110 along the course.

Abbreviation: Among the 8 targets mentioned above, only EURUSD entered a laggard phase and it is in its end, most probably when GOLD hits $800.

Event 02:     Zero% Hallucination Forex/Equity Confirmation Certificate

      On 24 August 2007, I have printed on my newsletter the followings:

Why a correction and not a corruption? Taking your equity daily chart for the last 5 years,  we see no major retracement was overdone, and this month loss has held the price well above 5-years-23.6% Fibo of Dow Jones & that coincides with the 76.4% of 2007 move, as an example. Others belong to the same analysis, almost. Isn’t it funny how a corruption understands Mr. Fibo retracement levels? Why it happened in August? Is it because major investors are enjoying their holidays knowing the true highly volatility and liquidity should take place during the holiday. At the beginning of the month (August), I stated that all pricing levels left by major investors will be seen again once they return back to business.  If we see for example Dow at the high again when major investors return (within less than 20 days), it means my above argument covers nothing but perfect analysis; otherwise, I am hallucinating. I let the time prove the story.

      & this week, after FOMC meeting,

1. Dow and other equities have seen highs left by Major Investors ahead of the turmoil,

2. the printing was done 24 Aug, and almost after 20 trading days, Dow is back to the high.

Conclusion: My Analysis proves well educated away from the market nuisances, and that I am not hallucinating the least. To finalize, the turmoil was totally fabricated.

Event 03:     NFP Total reversal

      On 08 Sep 2007, I have highlighted on my newsletter the followings:

No comment on NFP – as expected to continue the turbulence of August, and such NFP rallies will continue at least till year end. It will not be tedious one as it used to be in the last months. Reversal strict U turns within 2 weeks

Conclusion: Net U Reversal was advocated within less than 2 weeks.

Ok for now, enough applauding…

FOMC decision locked over 2200pips as a total within 45mn

FOMC decision took many by surprise and such bombshell helped closing swiftly almost 80% of ForexSurvivor Open Signals lucratively albeit only one negatively (NZDUSD) as a total.

No More Crashing Signals

The result for the last 2 weeks (table below) shows that each major loss was recovered, and that during high volatility & liquidity, ForexSurvivor has highly adapted its channel formula to nullify the concept of Crashing Signal. As from now, we anticipate no more Crashing Signal. Since 2007, we anticipated only 3 crashing signals and those emerged during August 2007.

(Definition of ForexSurvivor Crashing Signal: losing max cash allowed per currency per signal which is 1500pips, using 4.5lots or max Level III).

Weekly Closed Trades

Last week, we did not print out Weekly Closed Trades as the edition was solely dedicated to Crude Oil. Below please find out the weekly closed trades 10-21 Sep, 2007.

10pips Forex Mandatory Path

A.                 Previous Weekly Free Concrete 10pips trade: Long USDJPY ahead of its 11650 target by 17pips. Mission Incomplete Yet

B.                 Previous Order: Long 695.20; TP 25pips. Completed Mission.

Anthony Samaha

Trading Engineer

*** The Potential Flows of Trading Information constitute my judgment and are not trading recommendations. ***

Published on  Tue, Sep 25 2007, 10:26 GMT