Daily Forex Signals – 8th April 2011


There is 0 Open Position
There is 3 Closed Trade


Daily Market Beacon
Friday, April 8th 2011

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

There are NO open positions at this time

SuperADX results:
Short AUD/CAD +31pips  

SuperTrend Results:
Long GBP/USD -9pips

Long GBP/CHF -39pips




Track Record



March 2011

+2059 Pips


1st Quarter

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






2:00am ET (7am London)
Apr 7
Good Morning London! Today with the Supertrend system, we are looking at buying long all three pairs again as price is still above the 4hr MoneyLine. No entries setting up at this time. Watching closely. The Market Beacon will be published shortly. 

(4/7/2011 2:59:20 AM):
Check your email for today’s Market Beacon. The Market Beacon also includes a Q&A which should be of interests to all. Markets are still down with no sign of getting into a long position on any of our Supertrend pairs.

(4/7/2011 3:46:33 AM):
GBP/USD has turned bullish. Will be entering long at the top of the hour if price closes above 6324 on this candle.

4:00am ET
Apr 7
Supertrend trade alert
Buy to OPEN GBP/USD at Market
Filled 1.6329
SL 1.6253 (76pips)
TP 1.6396 (67pips)

4:31am ET
Apr 7
SuperADX trade alert
Sell to OPEN AUD/CAD at Market
Filled 1.0051
SL 1.0081 (30pips)
TP 1.0020 (31pips)
This counter-trend trade is based on the SuperADX reversal signal 30min chart along with TrendWave, BullsEye and MACD confirmation.

(4/7/2011 4:44:00 AM):
GBPCHF has also turned bullish. We will be entering at the op of the hour if price closes above 4993 on this 30m candle.

5:10am ET
Apr 7
Supertrend trade alert
Buy to OPEN GBP/CHF at Market
Filled 1.4989
SL 1.4890 (99pips)
TP 1.5113 (124pips)

1:39pm ET
Apr 7
Trade update
Target reached on Short AUD/CAD at 1.0020
Out +31pips
Be sure to close both open Supertrend trades at 4pm ET (NY Close) if neither stop loss or target has been reached. Not very much movement in these markets today, just a lot of sideways consolidation.

3:57pm ET (NY Close)
Apr 7
Supertrend update
We closed out our two Supertrend trades.
Long GBP/CHF at 1.4950
Out -39pips
Long GBP/USD at 1.6320
Out -9pips
A very lackluster day with plenty of chop and no trending action












Related posts:

  1. Daily Forex Signals – 1st April 2011
  2. Daily Forex Signals – 5th April 2011
  3. Daily Forex Signals – 7th April 2011
  4. Daily Forex Signals – 4th April 2011
  5. Daily Forex Signals – 2nd Feb 2011
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