Daily Forex Signals – 24th August 2011


There are 4 Open Position
There are 0 Pending Trades
There are 4 Closed Trade

Daily Market Beacon
Wednesday, August 24th 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 AUD/CAD from 1.0383
SL 1.0420 (37pips)
TP 1.0305 (78pips)

Long EUR/NZD from 1.7392
SL 1.7231 (161pips)
TP 1.7695 (303pips)

Long USD/CAD from .9890
SL .9841 (49pips)
TP .9995 (105pips)

Short USD/CHF from .7879
SL .7916 (37pips)
TP .77780 (99pips)
No Pending Trades at this time.

Long EUR/AUD -69pips
Short CHF/JPY +72pips
Short EUR/NZD +1pip
Short USD/CHF -37pips

Track Record


August 2011

Markets continue to be in a rut making trading difficult.
We expect a break from this non-directional chop soon.
Until then, let’s keep risk low with smaller than usual positions.

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

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

(8/23/2011 4:04:09 AM):
Buy to OPEN EUR/AUD at 1.3790 buy stop
(currently 1.3775)
SL 1.3721 (69pips)
TP 1.3883 (93pips)
Trade is based on 60min chart.
(8/23/2011 5:11:17 AM):
Sell to OPEN USD/JPY at 76.21 sell stop
(currently 76.64)
SL 77.05 (84pips)
TP 75.10 (111pips)
This ‘with-the-trend’ trade is based on the 240min chart.
(8/23/2011 5:18:12 AM):
We are currently Short EUR/NZD at 1.7377
Move stop loss to 1.7430
Place new ‘buy stop’ order below
Buy to OPEN EUR/NZD at 1.7431 buy stop
SL 1.7320 (111pips)
TP 1.7580 (203pips)
(8/23/2011 9:00:26 AM):
Buy to OPEN USD/CAD at .9890 buy stop
(currently .9875)
SL .9841 (49pips)
TP .9995 (105pips)
Trade is based on 60min chart.
(8/23/2011 9:29:57 AM):
Trade Update
We have four (4) open positions:
Short CHF/JPY from 97.45
Long EUR/AUD from 1.3790
Short EUR/NZD from 1.7431
Short USD/CHF from .7879
We have three (3) pending trades:
Short USD/JPY at 76.21
Long EUR/NZD at 1.7431
Long USD/CAD at .9890
(8/23/2011 9:33:34 AM):
We have been filled long on USD/CAD at .9890
(8/23/2011 6:14:24 PM):
Our Short CHF/JPY and EUR/NZD have move 50+ pips into our favor. Move stop loss to breakeven +1pip
CHF/JPY stop loss to 97.44
EUR/NZD stop loss to 1.7430
(8/23/2011 6:16:17 PM):
Correction: EUR/NZD stop loss to 1.7376
(8/23/2011 8:52:56 PM):
Sell to OPEN AUD/CAD at Market
Filled 1.0383
SL 1.0420 (37pips)
TP 1.0305 (78pips)
This pair looks like it ready to drop to 1.0300. Trade is based on 60min chart.
(8/24/2011 12:23:39 AM):
Sell to OPEN USD/CHF at .7914 sell stop
(currently .7931)
SL .7951 (37pips)
TP .7862 (52pips)
Trade is based on 60min chart. Markets continue to be thinly traded. Let’s see if we can catch some of these smaller moves.
(8/24/2011 2:32:17 AM):
We have filled Short USD/CHF at .7914
(8/24/2011 3:50:04 AM):
Buy to Close CHF/JPY at Market
Filled 96.73
Out +72pips
System called an exit here.
(8/24/2011 4:04:01 AM):
Trade Update
We have three (3) open positions:
Short USD/CHF from .7914
Long USD/CAD from .9890
Short AUD/CAD from 1.0383
Cancel all pending trades.
(8/24/2011 4:07:14 AM):
Buy to OPEN EUR/NZD at Market
Filled 1.7392
SL 1.7231 (161pips)
TP 1.7695 (303pips)
Trade is based on 240min 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: (4)
(All pending trades expire 1-week from issue if not filled)

Buy CHF/JPY at 98.78 buy stop
(currently 96.87)
SL 95.45 (333pips)
TP 104.40 (562pips)

Short GBP/NZD at 1.9640 sell stop
(currently 1.9927)
SL 2.0215 (575pips)
TP 1.8880 (760pips)

Short GBP/CHF at 1.2897 sell stop
(currently 1.3047)
SL 1.3226 (329pips)
TP 1.1960 (937pips)

Short EUR/NZD at 1.7172 sell stop
(currently 1.7444)
SL 1.7685 (513pips)
TP 1.6640 (532pips)

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)

Related posts:

  1. Daily Forex Signals – 24th Jan 2011
No Comments to “ Daily Forex Signals – 24th August 2011 ”

Name (required)

Mail- will not be published (required)


Your comment (required)