Monday, December 31, 2007

Trade Update

The eur/usd and eur/jpy short setups from last Friday have played out extremely well with over 100 pips on the eur/usd and over 300 on the eur/jpy. Make sure to take some profit as these are countertrend trades.

I would like to thank you for your support this last year and look forward to working with you in the coming year as we focus on getting some huge moves. One of the main keys in becoming a successful trader is learning how to read a chart and to see what's really going on in the market. That is what I hope to pass on to you as we continue working together. I will continue to focus on spotting professional activity and helping you identify high probability trend and countertrend trades with the Value Level Trade Alerts. Have a Safe and Happy New Year!

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Friday, December 28, 2007

EUR/JPY Trade Alert (Dec 28)

Countertrend Trade Alert: Look to sell the eur/jpy around 166.40-167.00.

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EUR/USD Trade Alert (Dec 28)

Countertrend Trade Alert: Look to sell the eur/usd between 1.4675-1.4700. Keep holding longs from below and consider taking partial profit.

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Wednesday, December 26, 2007

EUR/USD Update

Good morning! I hope everyone had a wonderful Christmas. The euro has rallied from the buy area last week of 1.4300-1.4350 and is currently at 1.4500. Make sure to manage the trade and eliminate the risk. I will continue looking for places to add on to this position along the way. Be patient and let the trade work.

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EUR/JPY Trade Alert (Dec 27)

Countertrend trade: Look to sell the eur/jpy between 165.50-166.00.
EUR/JPY 4hr Chart:


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Wednesday, December 19, 2007

Trade Setup (Dec 19)

The cable has trickled back down to test the lows. Currently it’s pushing lower at 1.9920. There is a nice reversal pattern setting up on the 4hr chart so keep your eyes out for a place to get long. Watch how price reacts around 1.9900-1.9850. Remember to manage the trade once in profit in case it comes back like it did last night. That will allow you to get back in when the setup presents itself.

The euro still looks like a good buy around 1.4350-1.4300. If these levels change as we get close to news time tonight I’ll update them.

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Trade Setup (Dec 19)

Look to buy the gbp/usd between 2.0090-2.0050. The Value Levels on the eur/usd from yesterday are still valid, 1.4350-1.4300.

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Tuesday, December 18, 2007

EUR/USD Signal (Dec18)

There were some nice bounces on the euro on Friday from 1.4480 up to 1.4529 before it moved lower. The key is to manage the trade if in profit. If you get stopped out you’ll get another chance to get long at a better price. The key is to be nimble in the beginning stages and step up to the plate every time there is a setup. Losing traders will not take the next trade after a couple losses. That is exactly when you must to take a stand. When the uptrend resumes, you will want to be positioned because this is where you can make all of your money.

Look to get long the eur/usd between 1.4350-1.4300. This is a trend trade. The goal is to build up a position and let the trade work. That is how you can generate some nice gains. There are bigger moves in the works and that's why I'm getting positioned on the long side.

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Friday, December 14, 2007

EUR/USD Signal (Dec 14)

Look to buy the eur/usd between 1.4500-1.4450.

EUR/USD 4hr Chart:


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Thursday, December 13, 2007

EUR/USD Signal (Dec 13)

Look to get long the euro/usd between 1.4600-1.4550.

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Wednesday, December 12, 2007

EUR/JPY Signal (Dec 12)

Look to sell the eur/jpy between 165.00 and 165.50 or better.

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Tuesday, December 11, 2007

EUR/JPY Signal Update (Dec 11)

Once again the Value Level Trade Alerts have been pulling in the big moves. The eur/jpy just pulled in over 300 pips on the setup from yesterday. That is worth $300 per mini contract and $3,000 per standard contract. The returns would double or triple if one traded multiple contracts. Even if you just got half of that, how good would that be? I hope you’ve been able get in on some of these setups.

EUR/JPY 4hr Chart:

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Monday, December 10, 2007

EUR/JPY Signal (Dec 10)

The euro/jpy retraced slightly from the initial sell zone of 163.50-164.00 from Friday down to 163.18 on Sunday. Price has pushed higher into the NY open. Look to sell between 164.50-165.00. This pair should be getting closer to a nice correction.
EUR/JPY 4hr Chart:

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Friday, December 7, 2007

EUR/JPY Signal (Dec 07)

Look to sell the eur/jpy between 163.50-164.00.

EUR/JPY 4hr Chart:

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Thursday, December 6, 2007

GBP/UDD Update

The cable made it’s way back up slightly above 2.0300 and is now making another run at the lows to get more people short and to run stops. You have to learn to expect this to happen because that’s how this game is played. If you take a loss, don’t give up. All it means is that the market wasn’t ready yet. Another clue that this would happen was how little of a bounce we got. When that happens you can almost always expect the market to drop further before rebounding. The buy setup is getting even better now on the gbp/usd.

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Wednesday, December 5, 2007

EUR/USD Signal (Dec 5)

Look to buy the eur/usd between 1.4550-1.4500. If price doesn’t get to these levels, find a way to enter the trade. Cover any euro shorts from the 1.4760 area.
EUR/USD 4hr Chart:

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Trade Update

The cable is dipping below the 2.0300 handle. Don't let this scare you out of the trade. Especially, if you ran a tight stop. FYI, tight stops are easy targets for the professional trader. Check your emotions and stay focused on this setup.

The eur/jpy add on in the 162.20-162.00 area are also working nicely. Manage the trade.

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GBP/USD Signal (Dec 5)

Look to buy the cable around 2.0350-2.0300.
GBP/USD 4hr Chart:

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Trade Update

The euro has finally showed some life and went in our direction last night. Not as much as the cable but it’s still a profitable trade. Consider taking some profit on this trade or at least adjusting stop.

The euro/jpy is still working and would look for a place to add on to it around 162.20-162.00. If it can break above 163.00, it could head for the next resistance areas of 165.00-166.00.

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Tuesday, December 4, 2007

EUR/USD Signal (Dec 4)

Look to sell the eur/usd between 1.4760-1.4800.

Move stops up on the eur/jpy.

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EUR/JPY Signal (Dec 04)

Look to buy the eur/jpy between 161.00-160.50.

EUR/JPY 4Hr Chart:

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Sunday, December 2, 2007

Performance of our Forex Trading Signals

On Thanksgiving the euro went into the sell zone just above 1.4900 that we were talking about watching on the Nov 21st trade alert and it came down nicely. The last buy setup from Nov 28th between 1.4730-1.4700 also worked out like a charm with hardly any drawdown.

Please watch your inbox for our new signals and updates.

Happy Trading and have a nice weekend
Forex Trading Signals Team

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