Daily Forex Signals – 31st March 2011


There is 0 Open Position
There is 4 Closed Trade

Daily Market Beacon
Thursday, March 31st 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"



There are NO open positions at this time

SuperADX results:
No trades (no SuperADX signals, no clear moves)  
SuperTrend Results:
Short GBP/USD -36pips

Long GBP/USD -63pips
Long GBP/CHF -45pips
Short EUR/USD -50pips






Track Record

2 Pips

March 2011

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






2:55am ET (6:55am London)
Mar 30
Good Morning London!
Today with the Supertrend system, we will look to buy long GBP/CHF and sell short GBP/USD. As always, the Supertrend trade direction depends on which side price is on the MoneyLine2 using the 4-hour chart. GBP/CHF price is above, and GBP/USD is below. The EUR/USD has been whipsawing up and down through the line where both the bears and bulls are vying for control. A trade on the EUR/USD may be more risky than usual as we are not totally cleared to trade either way. My best take at this time is further down for the EUR/USD. At this time, we do have some setups occurring, so expect my trade alerts momentarily.  
3:01am ET
Mar 30
Supertrend trade alert
Sell to OPEN GBP/USD at Market
Filled 1.6022
SL 1.6058 (36pips)
TP 1.5941 (81pips)

3:08am ET
Mar 30
Supertrend trade alert
Sell to OPEN EUR/USD at Market
Filled 1.4074
SL 1.4150 (76pips)
TP 1.4004 (70pips)

3:13am ET
Mar 30
Supertrend trade alert
Buy to OPEN GBP/CHF at Market
Filled 1.4815
SL 1.4708 (107pips)
TP 1.4896 (81pips)

4:54am ET
Mar 30
Supertrend trade alert
Buy to OPEN GBP/USD at Market
Filled 1.6074
SL 1.6011 (63pips)
TP 1.6122 (48pips)

5:41am ET
Mar 30
We stopped out our first Supertrend Short GBP/USD trade at 1.6058
Out -36pips.
9:18am ET
Mar 30
We stopped out our Long GBP/USD at 1.6011
Out -63pips
Tough day with the whipsaws. We have two open Supertrend positions: Short EUR/USD and Long GBP/CHF Keep targets & stops intact.
6:00pm ET
Mar 30
Supertrend trade update
The GBP/CHF and EUR/USD trades were closed at 4pm (NY close) at:
Long GBP/CHF at 1.4770
Out -45pips
Short EUR/USD at 1.4124
Out -50pips
A difficult day with the Supertrend with plenty of whipsaw and little actual trend move. Our Long GBP/CHF came close to our 81pip target in one of the whipsaws, but didn’t make it and closed lower. The SuperADX stayed flat all day due to no real signals. We are currently FLAT with no open or pending positions. Expect an email before London opening with more information on the history of Supertrend and its rules.










Related posts:

  1. Daily Forex Signals – 30th March 2011
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