Daily Forex Signals – 16th September 2011


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We have 2 Open Position
2 Pending Trades
4 Closed Trade

Daily Market Beacon
Friday, September 16th 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 NZD/JPY from 63.24
SL 63.25 (+1pip)
TP 64.77 (153pips)


Long USD/CHF from .8705
SL .8706 (+1pip)
TP .8860 (155pips)

Sell to OPEN EUR/GBP at .8704 sell stop
SL .8805 (101pips)
TP .8560 (144pips)


Sell to OPEN GBP/USD at 1.5699 sell stop
SL 1.5825 (126pips)
TP 1.5525 (174pips)

Long EUR/AUD -54pips
Long GBP/USD +1pip
Long GBP/CHF -70pips
Short GBP/NZD +204pips


Track Record

-157pips

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)-

(9/14/2011 6:51:11 PM):
Buy to OPEN GBP/CHF at 1.3840 buy stop
(currently 1.3824)
SL 1.3770 (70pips)
TP 1.4040 (200pips)
Trade is based on the 60min chart.


(9/15/2011 2:15:29 AM):
Buy to OPEN EUR/AUD at Market
Filled 1.3432
SL 1.3350 (82pips)
TP 1.3593 (161pips)
This “with-the-trend” trade is based on the 1hr chart.


(9/15/2011 5:28:56 AM):
Sell to OPEN GBP/NZD at 1.9234 sell stop
(currently 1.9288)
SL 1.9409 (175pips)
TP 1.9030 (204pips)
Trade is based on 60min chart in choppy conditions.


(9/15/2011 5:34:32 AM):
Buy to OPEN NZD/JPY at 63.24 buy stop
(currently 62.76)
SL 62.19 (105pips)
TP 64.77 (153pips)
Slightly counter-trend trade is based on 4hr chrt. I’m looking for a bounce up to 65 level.


(9/15/2011 5:41:21 AM):
Trade Update
We have three (3) open positions. All near our entry (breakeven) levels: Long EUR/AUD from 1.3432
Long GBP/CHF from 1.3840
Long GBP/USD from 1.5791
We have two (2) pending trades:
Short GBP/NZD at 1.9234
Long NZD/JPY at 63.24


(9/15/2011 9:31:04 AM):
Our Long GBP/USD has moved 50+pips into our favor.
Move stop loss to 1.5792 (breakeven+1)


(9/15/2011 10:19:38 AM):
Our Short GBP/NZD moved 80+pips into our favor.
Move stop loss to 1.9233 (breakeven+1)


(9/15/2011 7:30:24 PM):
Buy to OPEN USD/CHF at Market
Filled .8705
SL .8641 (64pips)
TP .8860 (155pips)
Trade is based on 60min chart. This is a higher confidence trade.


(9/16/2011 3:22:36 AM):
Sell to Close EUR/AUD at Market
Filled 1.3378
Out -54pips
Price has pierced support level. Let’s take the loss and get out here. Our three other open positions are looking good.


(9/16/2011 5:16:45 AM):
Target reached on Short GBP/NZD at 1.9030
Out +204pips
Nice! We needed that!


(9/16/2011 6:07:54 AM):
Sell to OPEN EUR/GBP at .8704 sell stop
(currently .8733)
SL .8805 (101pips)
TP .8560 (144pips)
Trade is based on 4-hr chart.


(9/16/2011 6:13:40 AM):
Sell to OPEN GBP/USD at 1.5699 sell stop
(currently 1.5804)
SL 1.5825 (126pips)
TP 1.5525 (174pips)
This “with-the-trend” trade is based on the 4-hr chart.


(9/16/2011 6:16:07 AM):
Be sure to move SL to breakeven+1 on long NZD/JPY once it arrives. Should be soon.


(9/16/2011 9:24:35 AM):
Both of our open positions have moved 50+pips into our favor. Move stop loss to breakeven+1 pip.
Long USD/CHF move stop loss to .8706
Long NZD/JPY move stop loss to 63.25
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: (0)


No open positions

Current Equity of Open Positions:

No open positions

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


Sell to OPEN USD/JPY at 76.13 sell stop
(currently 76.70)
Trade issued Sep 14, 2011
SL 77.70 (157pips)
TP 73.40 (273pips)

Recently Closed Trades: (9)

Stopped Out: Short GBP/NZD at 1.3226 on Sept 16, 2011
Out -337pips


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


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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