Daily Forex Signals – 25th Jan 2011


There is 4 Open Position
There is 5 Closed Trade

Daily Market Beacon
Tuesday, January 25th 2011

This issue contains: 

1: Open Positions
2: Recently Closed Trades
3: Today's Intra-Day Alerts and Results
4: Today's Subscriber Questions and Comments
5: FAQ's
6: Article - "How We Trade The SuperADX"
Long AUD/JPY from 81.69 (currently trading 81.83)
Stop loss 80.96
Target 82.90
Short EUR/CHF from 1.2994 (currently trading 1.2947)
Stop loss 1.3110
Target 1.2865

Long GBP/CHF from 1.5172 (currently trading 1.5163)
Stop loss 1.5123
Target 1.5224

Long USD/CHF from .9483 (currently trading .9476)
Stop loss .9435
Target .9531

SuperADX results:
Target Reached:  Long AUD/USD +105pips
Trade Exited:  Short CHF/JPY -70pips
SuperTrend Results:
Long EUR/USD +40pips
Long GBP/USD +81pips
Short GBP/CHF -76pips

Track Record




-All time stamps are EST (New York time)- 


(1/24/2011 1:58:12 AM):
Good Morning London. Hope you had a wonderful weekend. Looking forward to an awesome week of trading. For now, we are holding steady and flat with the SuperTrend system. The 4-HR trend still shows up on our three pairs, but nothing is looking too enthusiastically ready to go north at this point. Will alert to any changes.

(1/24/2011 2:35:31 AM):
SuperTrend Trade Alert
Buy to OPEN GBP/CHF at Market
Filled 1.5346
SL 1.5270 (76pips)
TP 1.5480 (136pips)
(1/24/2011 2:37:32 AM):
That’s it for now with SuperTrend. The EUR/USD and GBP/USD pairs are still pointing south. We’re looking to take longs only based on 4H chart.

(1/24/2011 4:36:43 AM):
SuperADX Trade Alert
Buy to OPEN AUD/USD at Market
Filled .9891
SL .9829 (62pips)
TP .9995 (104pips)
This trade is based on the SuperADX “Big Move Ahead” Red bar.

(1/24/2011 5:24:06 AM):
We have stopped out our SuperTrend LONG GBP/CHF at 1.5270, Out -76pips

(1/24/2011 9:01:26 AM):
SuperTrend Trade Alert
Buy to Open EUR/USD at Market
Filled 1.3603
SL 1.3498 (105pips)
TP 1.3698 (95pips)

(1/24/2011 9:08:58 AM):
SuperADX Trade Alert
Sell to OPEN EUR/CHF at Market
Filled 1.2994
SL 1.3110 (116pips)
TP 1.2865 (129pips)
This trade is based on the SuperADX reversal signal 240min chart with a target at the MoneyLine2.

(1/24/2011 9:18:56 AM):
SuperADX EXIT Alert
Sell to Close CHF/JPY at Market
Filled 86.68
Out -70pips
It is obvious we got on the wrong side of this big move. Let’s exit now without the full stop loss.

(1/24/2011 10:00:30 AM):
SuperTrend Trade Alert
Buy to OPEN GBP/USD at Market
Filled 1.5969
SL 1.5917 (52pips)
TP 1.6055 (86pips)

(1/24/2011 11:05:17 AM):
We are OUT our LONG AUD/USD at .9995
Out +104pips

(1/24/2011 8:33:42 PM):
Both SuperTrend trades were closed at New York Close time (4pm ET) at:
EUR/USD 1.3643 Out +40pips
GBP/USD 1.5998 Out +81pips

SuperADX Track Record

(1/24/2011 10:04:59 PM):
SuperADX Trade Alert
Buy to Open USD/CHF at Market
Filled .9483
SL .9435 (48pips)
TP .9531 (48pips)
This trade is based on the SuperADX reversal signal 30min chart.

(1/25/2011 12:19:14 AM):
SuperADX Trade Alert
Buy to OPEN GBP/CHF at Market
Filled 1.5172
SL 1.5123 (49pips)
TP 1.5224 (52pips)
This trade is based on the SuperADX reversal signal 30min chart.


None today

Q. At what point do we cancel or replace existing orders? Do we cancel pending orders at a certain time?
A. Keep all Pending orders working until the next Market Beacon is
published. The following Market Beacon will always over-ride
existing orders, update protective stops and targets on existing

Q. What do the abbreviations TP and SL mean?

When getting a quick alert out, I tend to abbreviate more… TP=
Take Profit (Target), SL= Stop Loss (Protective stop)

This new revised exit strategy has produced an “additional” profit
gain of 18.4% over the 23 months of backtests on five timeframes.
Our entry will stay the same and we will continue to take an
immediate position on entry. However, we will enter this trade with
two lots. We want the ability to exit half our position at one
target and the other half at another target. Do not mistake: We
are NOT
suggesting multiple targets which you must choose. None
of that stuff. I will continue to provide the exact entries, exits, stops and targets which I am using.

We will enter “Big Move” Red Bar trades with 2 Lots (or any size multiple of two) Both Positions with have the same static StopLoss. There will be Two Targets. First Target will be a staticTake Profit point. We will exit half our position at First Targetprice; then move Stop Loss to Breakeven for 2nd Half of Position.The 2nd Target will be decided by the SuperADX white bar exitsignal. This strategy starts immediately and instructions will be
included with the trade alert.
Please see this blog topic for a detailed explanation of our
SuperADX Red Bar Strategy. “How We Trade SuperADX “Big Move Ahead” Red Bar Signals”

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