Daily Forex Signals – 13th September 2011


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We have 1 Open Position
2 Pending Trades
4 Closed Trade

Daily Market Beacon
Tuesday, September 13th 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/USD from 1.3662
SL 1.3663 (+1pip)
TP 1.4040 (378pips)

Sell to OPEN EUR/AUD at 1.3170 sell stop
(currently 1.3241)
SL 1.3306 (136pips)
TP 1.2942 (228pips)


Buy to OPEN USD/CAD at 1.0014 buy stop
(currently .9964)
SL .9877 (137pips)
TP 1.0189 (175pips)

Long AUD/CAD -62pips
Short GBP/NZD +1pip
Long NZD/JPY +22pip
Short GBP/USD +1pip


Track Record

-295pips

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)-

(9/12/2011 10:30:45 AM):
Cancel long GBP/CHF pending order.
Trade update to follow momentarily.


(9/12/2011 11:04:30 AM):
Our Short GBP/NZD has moved 80+pips into our favor.
Move stop loss to 1.9300 (breakeven+1pip)


(9/12/2011 10:41:03 PM):
Move stop loss on Long NZD/JPY to 63.14


(9/13/2011 1:16:40 AM):
Sell to OPEN GBP/USD at 1.5840 sell stop
(currently 1.5857)
SL 1.6006 (66pips)
TP 1.5743 (97pips)
This “with-the-trend” trade is based on the 1-hr chart.

(9/13/2011 1:18:59 AM):
Correction: The GBP/USD stop loss should be 1.5906 (66pips)


(9/13/2011 1:51:22 AM):
We have filled GBP/USD short at 1.5840


(9/13/2011 4:39:01 AM):
Our Short GBP/USD has moved 50+pips into our favor.
Move stop loss to 1.5839 (breakeven+1)


(9/13/2011 4:51:29 AM):
Trade Update
We have two (2) open positions:
Long EUR/USD from 1.3662
Short GBP/USD from 1.5840
Our recent LONG NZD/JPY closed out at 63.14
Out +22pips
Cancel EUR/AUD pending trade.
No other pending trades at this time.


(9/13/2011 5:55:09 AM):
Buy to OPEN USD/CAD at 1.0014 buy stop
(currently .9964)
SL .9877 (137pips)
TP 1.0189 (175pips)
This “with-the-trend” trade is based on 4-hr chart.


(9/13/2011 6:01:07 AM):
Sell to OPEN EUR/GBP at .8579 sell stop
(currently .8619)
SL .8640 (61pips)
TP .8506 (73pips)
This “with-the-trend” trade is based on 1-hr chart and serves as a hedge against our long eur/usd and short gbp/usd trades.


(9/13/2011 10:13:51 AM):
Our long EUR/USD has moved 50+pips into our favor.
Move stop loss to 1.3663 (breakeven+1).
We have had a rash of pullbacks as of late to our +1 stop losses after price action moving 50+ pips in our direction. I know this is frustrating, but lets stick to the rules as the markets won’t stay choppy forever. Also an ideal that many of us traders are using is to exit half your position at 50+pips to secure some profit.


(9/13/2011 10:24:46 AM):
Cancel EUR/GBP pending trade order.


(9/13/2011 10:30:39 AM):
Sell to OPEN EUR/AUD at 1.3170 sell stop
(currently 1.3241)
SL 1.3306 (136pips)
TP 1.2942 (228pips)
This “with-the-trend” trade is based on the 4-hr chart.
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: (1)


Long GBP/NZD from 1.9297
Trade entered Sep 6, 2011
(currently 1.9174) -123pips
SL 1.8960 (337pips)
TP 2.0890 (1593pips)


Current Equity of Open Positions:

-73pips

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


Sell to OPEN CAD/JPY at 76.00 sell stop
(currently 77.65)

Trade issued Sep 13, 2011
SL 78.77 (277pips)
TP 71.45 (455pips)

Recently Closed Trades: (9)

Profit Made: Long AUD/CAD exited at 1.0328 on Sep 12, 2011
Out +41pips


Profit Made: Long AUD/USD exited at 1.0443 on Sep 9, 2011
Out +17pips


Losing Trade: Long AUD/JPY exited at 80.15 on Sept 9, 2011
Out -15pips


Stopped Out: Long EUR/NZD at 1.6660 on Sep 8, 2011
Out +383pips


Stopped Out: Long NZD/USD at .8224 on Sep 6, 2011
Out -181pips


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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