Daily Forex Signals – 22nd August 2011

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There is 1 Open Position
There is 3 Closed Trade

Daily Market Beacon Monday, August 22nd 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

Short CHF/JPY from 97.45
SL 98.19 (74pips)
TP 96.07 (138pips)

No Pending Trades at this time.

Long NZD/JPY -49pips
Short EUR/NZD -69pips
Long AUD/CAD +7pips

Track Record

-248 Pips

August 2011

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

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

(8/19/2011 3:42:48 AM):
We have filled Short EUR/NZD at 1.7371. Markets continue to zigzag sideways without any directional conviction. Let’s stay patient and keep exposure low for now.

(8/19/2011 6:49:52 AM):
Buy to OPEN AUD/CAD at Market
Filled 1.0277
SL 1.0218 (59pips)
TP 1.0397 (120pips)
Trade is based on 60min chart and is a higher confident trade. Target is just shy of 1.0416 Fib Resistance and Trendline.

(8/19/2011 7:09:47 AM):
Let’s tighten the leash on our Short EUR/NZD.
Tighten stop loss 40pips to 1.7440

(8/21/2011 11:07:28 PM):
Sell to OPEN EUR/GBP at .8699 sell stop
(currently .8714)
SL .8751 (52pips)
TP .8620 (79pips)
Trade is based on 60min chart.

(8/22/2011 2:08:38 AM):
Sell to Close AUD/CAD at Market
Filled 1.0284
Out +7pips
The system called an exit. No longer a bullish chart.

(8/22/2011 2:29:59 AM):
Cancel EUR/GBP pending trade

(8/22/2011 5:06:12 AM):
Sell to OPEN CHF/JPY at Market
Filled 97.45
SL 98.19 (74pips)
TP 96.07 (138pips)
Trade is based on 60min 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: (4)Long AUD/CAD from 1.0287
SL .9993 (294pips)
TP 1.0692 (405pips)

Long AUD/JPY from 80.30
SL 76.40 (390pips)
TP 89.45 (915pips)

Long AUD/USD from 1.0426
SL 1.0090 (336pips)
TP 1.1075 (649pips)

Long NZD/USD from .8405
SL .7953 (452pips)
TP .8890 (485pips)

Pending Trades: (0)

There are NO pending trades at this time.

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.

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