Daily Forex Signals – 6th September 2011


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We have 3 Open Position
2 Pending Trades
2 Closed Trade

Daily Market Beacon
Tuesday, September 6th 2011


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

Long EUR/AUD from 1.3359
SL 1.3247 (112pips)
TP 1.3690 (331pips)


Long USD/CAD from .9911
SL .9858 (53pips)
TP 1.0036 (125pips)


Long CAD/JPY from 78.11
SL 77.30 (81pips)
TP 79.20 (109pips)

Short CAD/JPY at 77.29 sell stop
SL 77.77 (48pips)
TP 76.20 (109pips)


Short USD/CAD at .9857 sell stop
SL .9940 (83pips)
TP .9735 (122pips)

Short EUR/NZD -104pips
Long GBP/JPY +69pips


Track Record

+42pips

September 2011

Goodbye Summer Doldrums, Hello September!


August 2011 -459pips
July 2011 +211pips
June 2011 +1630pips
2nd Quarter 2011 +1926pips
1st Quarter 2011 +1271pips


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

(9/5/2011 8:13:30 AM):
Buy to OPEN GBP/JPY at 124.21 buy stop
(currently 124.07)
SL 123.44 (77pips)
TP 124.90 (69pips)
Markets are sideways and choppy. Bias for this trade is upward, but price action will most likely remain in this tight range.


(9/5/2011 9:03:19 AM):
Buy to OPEN USD/CAD at .9911 buy stop
(currently .9888)
SL .9845 (66pips)
TP 1.0036 (125pips)
This “with-the-trend” trade is based on 60min chart.


(9/5/2011 10:09:01 AM):
We have filled LONG USD/CAD at .9911


(9/5/2011 8:45:31 PM):
End-of-Day Trade Update
For those that follow our EOD trades, we have updated our Stop Loss on the following pairs:
Long NZD/USD Adjust stop loss to .8224
Long AUD/JPY Adjust stop loss to 80.15
Short EUR/NZD Adjust stop loss to 1.7042
Long AUD/USD Adjust stop loss to 1.0443
Our Short GBP/NZD retraced to our Stop Loss Out +354pips


(9/5/2011 10:02:51 PM):
Move stop loss on long USD/CAD to .9858
Place new USD/CAD Sell Short order:
Sell to OPEN USD/CAD at .9857 sell stop
(currently .9904)
SL .9940 (83pips)
TP .9735 (122pips)


(9/6/2011 12:56:54 AM):
Sell to OPEN EUR/NZD at 1.6922 sell stop
(currently 1.6960)
SL 1.7026 (104pips)
TP 1.6776 (146pips)
Trade is based on 60min chart.


(9/6/2011 1:49:12 AM):
Let’s place a Straddle on the CAD/JPY with buy and sell stop orders. Keep both orders working until canceled.
CAD/JPY currently trading 77.45
Buy to OPEN CAD/JPY at 78.11 buy stop
SL 77.30 (81pips)
TP 79.20 (109pips)
Sell to OPEN CAD/JPY at 77.29 sell stop
SL 77.77 (48pips)
TP 76.20 (109pips)


(9/6/2011 3:50:06 AM):
We have filled Short EUR/NZD at 1.6922


(9/6/2011 4:11:37 AM):
We stopped out our Short EUR/NZD at 1.7026
Out -104pips
Swiss National Bank just announced they will peg the Franc to the Euro. Huge news generating radical moves.


(9/6/2011 4:16:12 AM):
We have filled LONG CAD/JPY at 78.11
and Long GBP/JPY at 124.21.
Target reached on Long GBP/JPY at 124.90
Out +69pips


(9/6/2011 4:21:19 AM):
Trade Update:
We have three (3) Open Positions:
Long CAD/JPY from 78.11
Long EUR/AUD from 1.3359
Long USD/CAD from .9911
We have two (2) Pending Orders:
Short USD/CAD at .9857
Short CAD/JPY at 77.29


(9/6/2011 4:33:32 AM):
EUR/CHF moved 1200pips! Wow, wish I had a bear CHF order working. This is eur/chf biggest move ever in one day.


(9/6/2011 4:34:21 AM):
Swiss National Bank wanted their Franc at 1.20 versus the Euro. Looks like they got it and will keep it there.
EOD trades are ideal for the Part-Time trader which has limited time to place trades and monitor positions, but desires the ability to catch big trends and create excellent returns.

Current Positions: (4)


Long AUD/CAD from 1.0287
Trade entered Aug 16, 2011
(currently 1.0475) +188pips
SL .9993 (294pips)
TP 1.0692 (405pips)


Long AUD/JPY from 80.30
Trade entered Aug 16, 2011
(currently 81.80) +150pips
SL 76.40 (390pips)
TP 89.45 (915pips)


Long AUD/USD from 1.0426
Trade entered Aug 16, 2011
(currently 1.0600) +174pips
SL 1.0090 (336pips)
TP 1.1075 (649pips)


Long NZD/USD from .8405
Trade entered Aug 16, 2011
(currently .8353) -52pips
SL .7953 (452pips)
TP .8890 (485pips)

Current Equity of Open Positions:

+460pips

Pending Trades: (3)
(All pending trades expire 1-week from issue if not filled)


Buy to OPEN EUR/NZD at 1.7043 buy stop
Trade issued Sep 6, 2011
SL 1.6660 (383pips)
TP 1.8045 (1002pips)


Buy to OPEN GBP/NZD at 1.9297 limit
Trade issued Sep 6, 2011
SL 1.8960 (337pips)
TP 2.0890 (1593pips)


Buy to OPEN EUR/AUD at 1.3462 buy stop
Trade issued Sep 6, 2011
SL 1.3245 (217pips)
TP 1.4085 (623pips)

Recently Closed Trades: (4)

Stopped Out: Long CHF/JPY at 92.90 on Sep 6, 2011
Out -352pips


Profit Made: Short EUR/NZD exited at 1.7042 on Sep 6, 2011
Out +130pips


Profit Made: Short GBP/NZD exited at 1.9286 on Sep 5, 2011
Out +354pips


Stopped Out: Short GBP/CHF at 1.3226 on Aug 26, 2011
Out -329pips


These trades are based on the same methodology as our primary day trading systems, except these from fixed daily charts rather then minute charts. Be prepared to stay in EOD trades for several weeks to months at a time. Also expect large swings of several hundred pips up-and-down throughout the course of being in any particular trade.

 

 

 

 

 

 

(All pending trades expire 1-week from issue if not filled)

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