Daily Forex Signals – 26th August 2011


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There are 1 Open Position
There are 0 Pending Trades
There are 1 Closed Trade

Daily Market Beacon
Friday, August 26th 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 GBP/USD from 1.6307
SL 1.6250 (57pips)
TP 1.6415 (108pips)

None
Long NZD/JPY +75pips


Track Record

-326
Pips

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)-

(8/25/2011 6:40:53 PM):
Target reached on long NZD/JPY at 64.44
Out +75pips
We are currently flat with no open positions.
Cancel any pending orders.
Place new order below.
New pending trade:
Buy to OPEN GBP/USD at 1.6307 buy stop
(currently 1.6285)
SL 1.6250 (57pips)
TP 1.6415 (108pips)
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: (6)


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)


Short GBP/NZD from 1.9640
SL 2.0215 (575pips)
TP 1.8880 (760pips)


Short GBP/CHF from 1.2897
SL 1.3226 (329pips)
TP 1.1960 (937pips)

Pending Trades: (2)
(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 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 – 26th Jan 2011
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