Daily Forex Signals – 7th April 2011


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There is 0 Open Position
There is 9 Closed Trade

 

Daily Market Beacon
Thursday, April 7th 2011


This issue contains:
1: Open Positions
2: Recently Closed Trades
3: Today's Intra-Day Alerts and Results
4: Question and Answer
 

There are NO open positions at this time


SuperADX results:
Short USD/CHF +77pips
Long EUR/GBP +43pips
Short NZD/USD -43pips
Short NZD/JPY -30pips
Long AUD/CAD -49pips  

SuperTrend Results:
Long GBP/USD +80pips

Long GBP/CHF +83pips
Long EUR/USD +42pips
Long GBP/USD -86pips

 

 



Track Record

+815
Pips

Final

March 2011


+2059 Pips

Final

1st Quarter




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

 

 

 

 

 

 

1:59am ET (6:59am London)
Apr 5
Good Morning London!
In these past few days, we have seen plenty of sideways price action with false breakouts, whipsaws and chop. It’s been several days now since we have seen a decent move, so I feel the time is ripe. The markets have consolidated long enough and it’s time to break out of this range. Let’s see it happen! Today with the Supertrend system, we are looking at buying long across all three Supertrend pairs as price is still above the 4hr Moneyline. At this moment, these pairs are pointing down, so no entries anytime soon.  

(4/5/2011 3:12:31 AM):
GBP/USD has went bullish. We should have a long entry at the bottom of the hour if this candle closes above 6127

(4/5/2011 3:33:50 AM):
I’m stalling for a little pullback before we jump in gbp/usd. Don’t really want to buy at these highs.

(4/5/2011 3:36:42 AM):
filled long 61547

3:36am ET
Apr 5
Supertrend trade alert
Buy to OPEN GBP/USD at Market
Filled 1.6155
SL 1.6089 (66pips)
TP 1.6235 (80pips)

3:41am ET
Apr 5
Supertrend trade alert
Buy to OPEN GBP/CHF at Market
Filled 1.4902
SL 1.4833 (69pips)
TP 1.4998 (96pips)
4:51am ET
Apr 5
Supertrend exit update
Target reached on Long GBP/USD at 1.6235
Out +80pips

5:37am ET
Apr 5
Supertrend exit update
I have closed our LONG GBP/CHF at Market Filled 1.4985
Out +83pips
We had a fast run-up and which feel short of our target by four pips. Price is staggering here. Let’s take profit here just in case it decides to start dropping.

(4/5/2011 5:40:44 AM):
Price action stalling like this was bringing back some recent painful memories of how we missed a target by 3-4 pips a couple weeks ago on a fast run-up, only to come back and close the trade at a loss. This one might just drop too! Best to take profit here.

(4/5/2011 9:04:24 AM):
The GBP/CHF continues to be strong. Was tempted into getting in another trade. The eur/usd holding steady and definitely not looking upward for our buy position.

(4/5/2011 9:44:46 PM):
another huge upward movement on the gbp/chf.

10:00pm ET
Apr 5
SuperADX trade alert
Sell to OPEN NZD/USD at Market
Filled .7713
SL .7756 (43pips)
TP .7655 (58pips)
This trade is based on the SuperADX “Big Move Ahead” red bar. I believe this is a false breakout to the upside we’re seeing currently and the big move will be to the downside.

2:03am ET (7:03am London)
April 6
Good Morning London!
Today with the Supertrend system, we are looking at buying long on all three pairs as price is still above the 4-hour Moneyline. The GBP/CHF has had a strong and quick run-up so we are way overbought. A correction is highly probable on this pair. At this moment, there are no trades setting up. Will alert once something pops.

(4/6/2011 3:05:34 AM):
Let’s buy here eur/usd and gbp/usd. Trade details to follow momentarily.

3:05am ET
April 5
Supertrend trade alert
Buy to OPEN EUR/USD at Market
Filled 1.4288
SL 1.4196 (92pips)
TP 1.4396 (108pips)

Buy to OPEN GBP/USD at Market
Filled 1.6358
SL 1.6212 (146pips)
TP 1.6495 (137pips)

3:35am ET
April 6
SuperADX exit alert
Target reached on Short USD/CHF at .9165
Out +77pips
Laser Precise =)

4:31am ET
Apr 6
SuperADX exit alert
Target reached on Long EUR/GBP at .8774
Out +43pips

4:50am ET
Apr 6
SuperADX exit alert
We stopped out Short NZD/USD at .7756
Out -43pips
We got on the wrong side of the big move.

5:00am ET
Apr 6
Sell to Close GBP/USD at Market
Filled 1.6272
Out -86pips
Such great economic data yesterday coming out of England turns sour with today’s grim reports.

(4/6/2011 5:42:16 AM):
5:41am ET
Apr 6
SuperADX trade alert
Sell to OPEN NZD/JPY at Market
Filled 65.75
SL 66.05 (30pips)
TP 65.43 (32pips)
This counter-trend trade is based on TrendWave/BullsEye reversal signal 30min chart.

4:50am ET
Apr 6
Supertrend update
Our long EUR/USD closed at 4pm (NY Close) at 1.4330
Out +42pips
We are currently FLAT with no open or pending positions.

 

 

 

 

 

Related posts:

  1. Daily Forex Signals – 1st April 2011
  2. Daily Forex Signals – 4th April 2011
  3. Daily Forex Signals – 5th April 2011
  4. Daily Forex Signals – 24th Jan 2011
  5. Daily Forex Signals – 4th Feb 2011
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