Daily Forex Signals – 4th Feb 2011

There is 1 Open Position
There is 6 Closed Trade

Daily Market Beacon
Friday, February 4th 2011

This issue contains:
1: Open Positions
2: Recently Closed Trades
3: Today’s Intra-Day Alerts and Results
4: Today’s Subscriber Questions and Comments
5: FAQ’s
6: Article – “How We Trade The SuperADX”
Long USD/CAD from .9886 (currently trading .9902)
Stop loss: .9836
Target .9944

SuperADX results:
Short CHF/JPY +92pips
Long EUR/JPY -113pips
Short AUD/USD +15pips

SuperTrend Results:
Long EUR/USD -47pips
Long GBP/USD -19pips
Long GBP/CHF +79pips



Track Record

+471pips

Accumulative

Final January 2011

-All time stamps are EST (New York time)-
(2/3/2011 2:02:25 AM):
Good Morning London! On the Supertrend system, we will look to take longs across the board on all three pairs of eur/usd, gbp/usd and gbp/chf. We can enter long now on both gbp/chf and gbp/usd. Let’s have a great day! Cheers.

(2/3/2011 2:06:16 AM):
Supertrend trade alert
Buy to Open GBP/CHF at Market
Filled 1.5238
SL 1.5195 (43pips)
TP 1.5317 (79pips)

(2/3/2011 2:08:35 AM):
Supertrend trade alert
Buy to OPEN GBP/USD at Market
Filled 1.6193
SL 1.6124 (69pips)
TP 1.6295 (102pips)

(2/3/2011 2:33:03 AM):
Supertrend trade alert
Buy to OPEN EUR/USD at Market
Filled 1.3812
SL 1.3765 (47pips)
TP 1.3897 (85pips)

(2/3/2011 2:47:18 AM):
Supertrend exit alert
Target reached on GBP/CHF long at 1.5317
Out +79pips

(2/3/2011 2:47:30 AM):
Keep order working if not filled. High was 1.53174. Some may still be in.

(2/3/2011 6:24:56 AM):
We stopped out our long Supertrend EUR/USD
Out -47pips

(2/3/2011 9:01:38 AM):
Supertrend Exit Alert
Sell to CLOSE GBP/USD at Market
Filled 1.6174
Out -19pips
Signal reversed on us.

(2/3/2011 10:04:06 AM):
SuperADX Exit alert
Buy to Close AUD/USD at Market
Filled 1.0099
Out +15pips
Signal that got us short does not exist anymore. Sentiment has turned bullish. Let’s get out with a small profit here.

(2/3/2011 11:07:59 AM):
We stopped out our LONG SuperADX EUR/JPY at 111.35
Out -113pips

None today
Q. At what point do we cancel or replace existing orders? Do we cancel pending orders at a certain time?
A. Keep all Pending orders working until the next Market Beacon is
published. The following Market Beacon will always over-ride
existing orders, update protective stops and targets on existing
positions.
Q. What do the abbreviations TP and SL mean?
A. When getting a quick alert out, I tend to abbreviate more… TP=
Take Profit (Target), SL= Stop Loss (Protective stop)


This new revised exit strategy has produced an “additional” profit
gain of 18.4% over the 23 months of backtests on five timeframes.
Our entry will stay the same and we will continue to take an
immediate position on entry. However, we will enter this trade with
two lots. We want the ability to exit half our position at one
target and the other half at another target. Do not mistake: We
are NOT suggesting multiple targets which you must choose. None
of that stuff. I will continue to provide the exact entries, exits, stops and targets which I am using.
We will enter “Big Move” Red Bar trades with 2 Lots (or any size multiple of two) Both Positions with have the same static StopLoss. There will be Two Targets. First Target will be a staticTake Profit point. We will exit half our position at First Targetprice; then move Stop Loss to Breakeven for 2nd Half of Position.The 2nd Target will be decided by the SuperADX white bar exitsignal. This strategy starts immediately and instructions will be
included with the trade alert.

Please see this blog topic for a detailed explanation of our
SuperADX Red Bar Strategy. “How We Trade SuperADX “Big Move Ahead” Red Bar Signals”

February 16th, 2010 in Forex Daily Beacon by Steven M. Matrix   |   No comments


Daily Forex Signals – 3rd Feb 2011

There is 4 Open Position

There is 2 Closed Trade

Daily Market Beacon
Thursday, February 3rd 2011
This issue contains:1: Open Positions

2: Recently Closed Trades

3: Today’s Intra-Day Alerts and Results

4: Today’s Subscriber Questions and Comments

5: FAQ’s

6: Article – “How We Trade The SuperADX”

 
Short CHF/JPY from 87.10 (currently trading 86.76)
Stop loss 87.76Target 86.18Long EUR/JPY from 112.48 (currently trading 112.68)

Stop loss: 111.35

Target 113.90

Short AUD/USD from 1.0117 (currently trading 1.0099)

Stop loss 1.0193

Target 1.0035

Long USD/CAD from .9886 (currently trading .9879)

Stop loss: .9836

Target .9944
SuperADX results:No trades closed.

SuperTrend Results:

Long EUR/USD (no trade today)

Long GBP/USD +12pips

Long GBP/CHF +83pips

 

Track Record

 

+471pips

Accumulative

Final January 2011
-All time stamps are EST (New York time)-

(2/2/2011 1:21:09 AM):SuperADX Trade AlertSell to OPEN AUD/USD at MarketFilled 1.0117

SL 1.0193 (76pips)

TP 1.0035 (82pips)

This counter-trend trade is based on the SuperADX reversal signal 60min chart.

(2/2/2011 1:59:19 AM):

Good Morning London! Today, we’ll be looking at taking long positions on the EUR/USD and GBP/USD. The GBP/CHF is still on the cusp of trendline and can go either way. I’m not too comfortable taking long positions on the EUR/USD as we are smack against a Fibonacci Resistance band and a TrendWave reversal dot has appeared on the 120min chart. I often approach the market with a contrarian view and want to take that counter-trend position, however, in keeping with the rules of the Supertrend system, we shall stay with the trend direction and take the long only.

(2/2/2011 1:59:35 AM):

I heard a few years ago from a very successful money manager, that we should most often do opposite of what makes the most sense. This is definitely easier said than done, and clearly needs lots of practice, but more often you will win. As I am staring at the gbp/usd and eur/usd charts, I clearly see both of these markets are over-bought and a correction is due. Common “traders” sense tells me to get short. It’s a tough choice.

(2/2/2011 3:04:53 AM):

Supertrend Trade Alert

Buy to OPEN GBP/USD at Market

Filled 1.6173

SL 1.6125 (48pips)

TP 1.6263 (90pips)

(2/2/2011 3:30:06 AM):

buy gbp/chf at market

(2/2/2011 3:30:28 AM):

Supertrend Trade Alert

Buy to OPEN GBP/CHF at Market Filled 1.5128

SL 1.5068 (60pips)

TP 1.5225 (97pips)

(2/2/2011 6:31:22 AM):

Supertrend Exit Update

Adjust target on long GBP/CHF to 1.5211

(2/2/2011 6:31:38 AM):

trading 5211 now

(2/2/2011 6:33:43 AM):

We have a resistance level at 5215 and didn’t want to chance it by a higher target. Better to exit one of our profitable trades before ADP employment numbers are released.

(2/2/2011 6:35:26 AM):

We are OUT our Long Supertrend GBP/CHF at 1.5211

Out +83pips

(2/2/2011 6:39:28 AM):

Looks like it was a good call to exit GBP/CHF here. It’s having a difficult time piercing 5215 and we might see a reversal. They say, when the money is easy, take it quickly.

(2/2/2011 7:23:27 AM):

SuperADX Trade Alert

Buy to OPEN USD/CAD at Market

Filled .9886

SL .9836 (50pips)

TP .9944 (58pips)

This counter-trend trade is based on the SuperADX reversal signal 60min chart.

(2/2/2011 7:38:21 AM):

7:37am ET Feb 2

Adjust target on AUD/USD short to 1.0047

(2/2/2011 11:19:27 AM):

Adjust target on AUD/USD short to 1.0054

(2/2/2011 1:48:31 PM):

The Supertrend long GBP/USD has turned negative on us. There’s still a chance it’ll pop back upward. Be sure to close out at 4pm ET (New York close).

(2/2/2011 8:34:22 PM):

Supertrend GBP/USD long trade was closed at 4pm ET at 1.6185 Out +12pips

None today
Q. At what point do we cancel or replace existing orders? Do we cancel pending orders at a certain time?
A. Keep all Pending orders working until the next Market Beacon ispublished. The following Market Beacon will always over-rideexisting orders, update protective stops and targets on existing

positions.

Q. What do the abbreviations TP and SL mean?

A. When getting a quick alert out, I tend to abbreviate more… TP=

Take Profit (Target), SL= Stop Loss (Protective stop)
This new revised exit strategy has produced an “additional” profit
gain of 18.4% over the 23 months of backtests on five timeframes.
Our entry will stay the same and we will continue to take an
immediate position on entry. However, we will enter this trade with
two lots. We want the ability to exit half our position at one
target and the other half at another target. Do not mistake: We
are NOT suggesting multiple targets which you must choose. None
of that stuff. I will continue to provide the exact entries, exits, stops and targets which I am using.We will enter “Big Move” Red Bar trades with 2 Lots (or any size multiple of two) Both Positions with have the same static StopLoss. There will be Two Targets. First Target will be a staticTake Profit point. We will exit half our position at First Targetprice; then move Stop Loss to Breakeven for 2nd Half of Position.The 2nd Target will be decided by the SuperADX white bar exitsignal. This strategy starts immediately and instructions will be
included with the trade alert.Please see this blog topic for a detailed explanation of our
SuperADX Red Bar Strategy. “How We Trade SuperADX “Big Move Ahead” Red Bar Signals”

February 9th, 2010 in Forex Daily Beacon by Steven M. Matrix   |   No comments


Daily Forex Signals – 2nd Feb 2011

spacer

There is 2 Open Position
There is 5 Closed Trade

Daily Market Beacon
Wednesday, February 2nd 2011

This issue contains:


1: Open Positions
2: Recently Closed Trades
3: Today's Intra-Day Alerts and Results
4: Today's Subscriber Questions and Comments
5: FAQ's
6: Article - "How We Trade The SuperADX"

Short CHF/JPY from 87.10 (currently trading 87.29)
Stop loss 87.76
Target 86.18

Long EUR/JPY from 112.48 (currently trading 112.81)
Stop loss: 111.35
Target 113.90


SuperADX results:
Stopped Out:  Long USD/JPY -27pips

SuperTrend Results:
Long EUR/USD +86pips
Long GBP/USD +31pips
Long GBP/CHF -34pips
Short GBP/CHF -49pips



Track Record

+471 Pips

Accumulative

January 2011

-All time stamps are EST (New York time)-
(2/1/2011 2:06:16 AM):
Good Morning London! Today on the SuperTrend system, we will be looking at take longs on both the EUR/USD and GBP/USD. The GBP/CHF is on the cusp of the 4HR trendline so we can take a valid signal in either direction. January closes out with a total of +471pips across both SuperADX and SuperTrend strategies. Granted, I was a little gun shy with SuperADX and avoided many signals. Actual results would have been a bit higher if every trade was taken. Today is February 1st and I am bumping up the SuperTrend strategy with a full 100K contract (average $10pip) on my personal account. I’m most confident with GBP/USD, secondly is GBP/CHF even though this pair is more chaotic, and lastly EUR/USD. Let’s have a great month! Cheers!

(2/1/2011 2:07:51 AM):
No valid signal on the SuperTrend at this point. Will alert if/when something breaks.

(2/1/2011 2:31:31 AM):
buy eur/usd at market

(2/1/2011 2:32:03 AM):
SuperTrend Trade Alert
Buy to Open EUR/USD at Market
Filled 1.3740
SL 1.3661 (79pips)
TP 1.3826 (86pips)

(2/1/2011 2:33:42 AM):
SuperTrend Trade Alert
Sell to OPEN GBP/CHF at Market
Filled 1.5110
SL 1.5159 (49pips)
TP 1.4975 (135pips)

(2/1/2011 3:37:27 AM):
We stopped out SuperTrend short GBP/CHF at 5159
Out -49pips

(2/1/2011 4:50:56 AM):
We’ll be taking long positions on both gbp/usd and gbp/chf at the top of the hour if this candle stays confirmed.

(2/1/2011 5:02:04 AM):
SuperTrend Trade Alert
Buy to OPEN GBP/CHF at Market
Filled 1.5172
SL 1.5068 (104pips)
TP 1.5290 (118pips)

(2/1/2011 5:03:00 AM):
SuperTrend Trade Alert
Buy to OPEN GBP/USD at Market
Filled 1.6116
SL 1.5995 (121pips)
TP 1.6228 (112pips)

(2/1/2011 10:52:00 AM):
Price action is slow this morning, though it seems we are on the right side of each of our five trades. All in positive territory.

(2/1/2011 12:00:10 PM):
In accordance to the SuperTrend rules, let’s close our Long GBP/CHF at Market here at 12:00 EST. (London Close). It’s unfortunate there was a brash sell-off of 70 pips on this pair in the last hour.

(2/1/2011 12:03:00 PM):
SuperTrend Exit Alert
Sell to Close GBP/CHF at Market
Filled 1.5138
Out -34pips

(2/1/2011 12:07:28 PM):
Our other two SuperTrend trades, both Long eur/usd and gbp/usd should be closed at NY close (4pm) if target or stop hasn’t been hit.

(2/1/2011 12:08:30 PM):
Another 15pips for our long eur/usd to hit target.

(2/1/2011 12:29:01 PM):
Eur/usd came within one pip of exiting at target. Keep order working.

(2/1/2011 12:38:41 PM):
We are OUT our SuperTrend Long EUR/USD at 1.3826
Out +86pips

(2/1/2011 8:00:16 PM):
GBP/USD SuperTrend trade was closed at 4pm (NY Close)
@ 1.6147
Out +31pips

None today
Q. At what point do we cancel or replace existing orders? Do we cancel pending orders at a certain time?
A. Keep all Pending orders working until the next Market Beacon is
published. The following Market Beacon will always over-ride
existing orders, update protective stops and targets on existing
positions.


Q. What do the abbreviations TP and SL mean?
A. When getting a quick alert out, I tend to abbreviate more… TP=
Take Profit (Target), SL= Stop Loss (Protective stop)


This new revised exit strategy has produced an “additional” profit
gain of 18.4% over the 23 months of backtests on five timeframes.
Our entry will stay the same and we will continue to take an
immediate position on entry. However, we will enter this trade with
two lots. We want the ability to exit half our position at one
target and the other half at another target. Do not mistake: We
are NOT suggesting multiple targets which you must choose. None
of that stuff. I will continue to provide the exact entries, exits, stops and targets which I am using.


We will enter “Big Move” Red Bar trades with 2 Lots (or any size multiple of two) Both Positions with have the same static StopLoss. There will be Two Targets. First Target will be a staticTake Profit point. We will exit half our position at First Targetprice; then move Stop Loss to Breakeven for 2nd Half of Position.The 2nd Target will be decided by the SuperADX white bar exitsignal. This strategy starts immediately and instructions will be
included with the trade alert.

Please see this blog topic for a detailed explanation of our
SuperADX Red Bar Strategy. “How We Trade SuperADX “Big Move Ahead” Red Bar Signals”

February 8th, 2010 in Forex Daily Beacon by Steven M. Matrix   |   No comments


Daily Forex Signals – 1st Feb 2011

spacer

There is 3 Open Position
There is 5 Closed Trade

Daily Market Beacon
Tuesday, February 1st 2011

This issue contains:


1: Open Positions
2: Recently Closed Trades
3: Today's Intra-Day Alerts and Results
4: Today's Subscriber Questions and Comments
5: FAQ's
6: Article - "How We Trade The SuperADX"

Long USD/JPY from 82.02 (currently trading 81.87)
Stop loss 81.75
Target 82.24

Short CHF/JPY from 87.10 (currently trading 86.91)
Stop loss 87.76
Target 86.18

Long EUR/JPY from 112.48 (currently trading 112.42)
Stop loss: 111.35
Target 113.90


SuperADX results:
Stopped Out:  Long USD/CHF -27pips
Stopped Out:  Short USD/CAD -65pips

SuperTrend Results:
Long EUR/USD +60pips
Short GBP/USD -48pips
Long GBP/USD +106pips
Short GBP/CHF (no trade today)



Track Record

+471Pips

Accumulative

January
2011

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

(1/31/2011 12:47:56 AM):
Buy to OPEN USD/JPY at Market
Filled 82.02
SL 81.75 (27pips)
TP 82.30 (28pips)
This counter-trend trade is based on the SuperADX reversal signal 30min chart.

(1/31/2011 1:03:31 AM):
Sell to Close USD/CHF at Market
Filled .9413
Out -27pips

(1/31/2011 1:12:30 AM):
Sell to OPEN CHF/JPY at Market
Filled 87.10
SL 87.76 (66pip)
TP 86.18 (92pips)
This trade is based on the SuperADX “Big Move Ahead” Red bar.

(1/31/2011 2:03:59 AM):
Good Morning London! Hope all had a wonderful weekend. Let’s now have a successful week of trading and make major pips! Today on the SuperTrend system, we will be looking at taking a long EUR/USD, Short GBP/CHF and the GBP/USD is still up in the air. The bulls and bears are fighting for control of the GBP/USD at this time. On Friday, I mentioned another filter I have added to our SuperTrend system which will help to keep us on the right side of momentum, short term and longer term trend directions. This is turn may keep us out of the market on mixed days. At this time, there are no trade setups. Cheers!

(1/31/2011 2:48:33 AM):
SuperTrend Trade Alert
Buy to OPEN EUR/USD at Market
Filled 1.3630
SL 1.3569 (61pips)
TP 1.3740 (110pips)

(1/31/2011 4:00:54 AM):
SuperTrend Trade Alert
Sell to OPEN GBP/USD at Market
Filled 1.5844
SL 1.5892 (48pips)
TP 1.5715 (129pips)

(1/31/2011 5:40:36 AM):
Adjust target on USD/JPY LONG to 82.24 limit

(1/31/2011 6:09:56 AM):
We stopped out our Short SuperTrend GBP/USD at 1.5892
Out -48pips
We will enter long this pair if price closes above 5900.

(1/31/2011 6:30:56 AM):
SuperTrend Trade Alert
Buy to OPEN GBP/USD at Market
Filled 1.5909
SL 1.5819 (90pips)
TP 1.6015 (106pips)

(1/31/2011 9:46:19 AM):
Buy to OPEN EUR/JPY at Market
Filled 112.48
SL 111.35 (113pips)
TP 113.90 (142pips)
This trade is based on the SuperADX reversal signal as a continuation of trend. The reversal already happened where price touched the MoneyLine2. Price should continue north to test 114 again.

(1/31/2011 10:45:59 AM):
We are OUT are SuperTrend Long GBP/USD at 1.6015
Out +106pips

(1/31/2011 11:43:59 AM):
Reminder: Be sure to close out our LONG EUR/USD at 4pm ET if target/stop has not been reached.

(1/31/2011 5:06:43 PM):
We closed OUT are SuperTrend LONG EUR/USD at 4pm: 1.3690
Out +60ips

None today
Q. At what point do we cancel or replace existing orders? Do we cancel pending orders at a certain time?
A. Keep all Pending orders working until the next Market Beacon is
published. The following Market Beacon will always over-ride
existing orders, update protective stops and targets on existing
positions.


Q. What do the abbreviations TP and SL mean?
A. When getting a quick alert out, I tend to abbreviate more… TP=
Take Profit (Target), SL= Stop Loss (Protective stop)


This new revised exit strategy has produced an “additional” profit
gain of 18.4% over the 23 months of backtests on five timeframes.
Our entry will stay the same and we will continue to take an
immediate position on entry. However, we will enter this trade with
two lots. We want the ability to exit half our position at one
target and the other half at another target. Do not mistake: We
are NOT suggesting multiple targets which you must choose. None
of that stuff. I will continue to provide the exact entries, exits, stops and targets which I am using.


We will enter “Big Move” Red Bar trades with 2 Lots (or any size multiple of two) Both Positions with have the same static StopLoss. There will be Two Targets. First Target will be a staticTake Profit point. We will exit half our position at First Targetprice; then move Stop Loss to Breakeven for 2nd Half of Position.The 2nd Target will be decided by the SuperADX white bar exitsignal. This strategy starts immediately and instructions will be
included with the trade alert.

Please see this blog topic for a detailed explanation of our
SuperADX Red Bar Strategy. “How We Trade SuperADX “Big Move Ahead” Red Bar Signals”

February 4th, 2010 in Forex Daily Beacon by Steven M. Matrix   |   No comments


Daily Forex Signals – 28th Jan 2011

spacer

There is 1 Open Position
There is 8 Closed Trade

Daily Market Beacon
Friday, January 28th 2011

This issue contains:


1: Open Positions
2: Recently Closed Trades
3: Today's Intra-Day Alerts and Results
4: Today's Subscriber Questions and Comments
5: FAQ's
6: Article - "How We Trade The SuperADX"

Long USD/CHF from .9440 (currently trading .9451)
Stop loss .9385
Target .9498

SuperADX results:
Stopped Out:  Short EUR/JPY -56pips
Target Reached:  Long AUD/JPY +67pips
Target Reached:  Long EUR/AUD +86pips
Stopped Out:  Short EUR/USD -160pips

SuperTrend Results:
Long EUR/USD -60pips
Long EUR/USD -5pips
Long GBP/USD -12pips
Short GBP/CHF -76pips



Track Record

+462 Pips

Accumulative

January
2011

-All time stamps are EST (New York time)-
(1/27/2011 1:51:14 AM):
Good Morning London! Today on the SuperTrend system, we will be looking at taking Longs on both the EUR/USD and GBP/USD. The GBP/CHF will be a Short once we get a viable signal. Expect an a long entry n the eur/usd at the top of the hour.

(1/27/2011 1:59:59 AM):
SuperTrend Trade Alert
Buy to OPEN EUR/USD at Market
Filled 1.3713
SL 1.3639 (74pips)
TP 1.3798 (85pips)



(1/27/2011 2:37:43 AM):
SuperTrend Trade Alert
Buy to OPEN GBP/USD at Market
Filled 1.5937
SL 1.5850 (87pips)
TP 1.6045 (108pips)

(1/27/2011 2:51:29 AM):
This kinda stinks with the EURO going south moments after we got into it .

(1/27/2011 2:54:46 AM):
We got caught in a bull-trap.

(1/27/2011 2:57:33 AM):
Let’s exit our supertrend long eur/usd here.

(1/27/2011 2:58:05 AM):
Out at 3653

(1/27/2011 3:04:56 AM):
In the last few minutes, these trade closed out:
Long SuperTrend EUR/USD -60pips,
Long EUR/AUD +75pips,
Short EUR/JPY -56pips.

(1/27/2011 6:01:22 AM):
SuperTrend Trade Alert
Buy to OPEN EUR/USD at Market
Filled 1.3739
SL 1.3634 (105pips)
TP 1.3851 (112pips)

(1/27/2011 6:06:16 AM):
sell to open gbp/chf here at market

(1/27/2011 6:06:23 AM):
filled 4989

(1/27/2011 6:07:03 AM):
SuperTrend Trade Alert
Sell to OPEN GBP/CHF at Market
Filled 1.4989
SL 1.5065 (76pips)
TP 1.4867 (122pips)

(1/27/2011 10:49:14 AM):
SuperADX Trade Alert
Sell to Close AUD/JPY at Market
Filled 82.36
Out +67pips

(1/27/2011 2:00:45 PM):
Be sure to close our our long eur/usd and gbp/usd at NY close (4pm EST).

(1/27/2011 10:27:51 PM):
At 4pm ET, we closed out the two SuperTrend trades at:
EUR/USD at 1.3734 Out -5pips
GBP/USD at 1.5925 Out -12pips

None today
Q. At what point do we cancel or replace existing orders? Do we cancel pending orders at a certain time?
A. Keep all Pending orders working until the next Market Beacon is
published. The following Market Beacon will always over-ride
existing orders, update protective stops and targets on existing
positions.


Q. What do the abbreviations TP and SL mean?
A. When getting a quick alert out, I tend to abbreviate more… TP=
Take Profit (Target), SL= Stop Loss (Protective stop)


This new revised exit strategy has produced an “additional” profit
gain of 18.4% over the 23 months of backtests on five timeframes.
Our entry will stay the same and we will continue to take an
immediate position on entry. However, we will enter this trade with
two lots. We want the ability to exit half our position at one
target and the other half at another target. Do not mistake: We
are NOT suggesting multiple targets which you must choose. None
of that stuff. I will continue to provide the exact entries, exits, stops and targets which I am using.


We will enter “Big Move” Red Bar trades with 2 Lots (or any size multiple of two) Both Positions with have the same static StopLoss. There will be Two Targets. First Target will be a staticTake Profit point. We will exit half our position at First Targetprice; then move Stop Loss to Breakeven for 2nd Half of Position.The 2nd Target will be decided by the SuperADX white bar exitsignal. This strategy starts immediately and instructions will be
included with the trade alert.

Please see this blog topic for a detailed explanation of our
SuperADX Red Bar Strategy. “How We Trade SuperADX “Big Move Ahead” Red Bar Signals”

February 1st, 2010 in Forex Daily Beacon by Steven M. Matrix   |   No comments