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[LEFT]Prediction: GU at a mixed stage for us even though we have some nice reversal candles on D1 for some up…we have resistances at 5485/90 and higher up at 5515/20 areas and supports at 5385/90 and lower at 5325/30 areas….trend bottom and top levels and scalp middle levels…[/LEFT]
Results:
1. Short @ 5490, DD: 7 pips; MP: 65 pips. Price ran up quickly so we catch this trade at 5490 and held to first support on chart for a 25 pip trade…Note: Price again tested this area later in the US session and got rejected even though we take bounce trades only once off these levels.
Overall Profit/Loss: +25
Pips this Month: +939
Prediction: GU is running into a solid resistance with h4 wicks…we have resistance at 5485 and our top at 5515/20 with supports at 5415/20, 5385/90 and lower at 5320…Scalp long and trend short…
Results:
1. Long @ 5422, DD: 0 pips; MP: 26 pips. This trade bounce at 5422 (2-4 pip exception) and moved for a 20 pip profit as a scalp trade.
2. Long @ 5485, DD: 9 pips; MP: 24 pips. Also a scalp trade for a 20 pip profit…Note: If entry was at 90 then SL had to cover lower level by 15 pips…and stop at BE after 15 pips in plus…
3. Long @ 5321, DD: 0 pips; MP: 29 pips. As a scalp trade we closed at +20…Note: Price hit 53208 on our bid charts…
Overall Profit/Loss: +60
Pips this Month: +999
Prediction: We are still bearish on GU for today even though we might have some good retracements up with resistances at 5320/25 and 5350/55 areas….supports are at 5245 area and lower at 5195….trend top level and scalp the others…
Results:
1. Long @ 5245, DD: 15 pips; MP: 9 pips. This trade was a scalp so we lost 15 pips on this trade.
2. Long @ 5195, DD: 15 pips; MP: 9 pips. As a scalp this trade was stopped at -15.
Overall Profit/Loss: -30
Pips this Month: +969
Prediction: GU is bearish but we can see some up before more down with resistances at 5235/40 area and higher up at 5280 with supports at 5110 area and lower at 5055 area….scalp all levels…
Results:
1. Short @ 5240, DD: 8 pips; MP: 38 pips. This was a nice bounce trade with a 20 pip scalp.
2. Short @ 5280, DD: 1 pip; MP: 27 pips. Also a scalp trade which produced positive pips..
Overall Profit/Loss: +40
Pips this Month: +1009
We had a great month of trading our levels that we predict ahead of time for bounce trades. Here are some of the results of the trades taken.
Results:
Total trades: 46
Negative trades: 8
Break even trades: 7 (Note: These trades moved at least +15 pips to put SL at BE)
Positive trades: 31
Total pips for April: 1009 pips USD/JPY Analysis for May 3rd, 2010
FL (Fib. Levels) for Buy trend:
H1 – 92.75; 93.10; 93.45; 93.88
M15 & M30 – 93.22; 93.48; 93.70; 93.89
FL (Fib. Levels) for Short Trend:
M5 & M15 – 94.40; 94.29; 94.20; 94.10
RL for Short Trend: 94.30; 94.20
SL for Buy Trend: 93.83; 93.63; 93.35
For: FL, SL, RL please visit Glossary page, thank you
Dear traders, I had another great month and made 1009 pips in April. During the months of February and March I posted predictions for GBP/USD currency. At this point, I am only posting overview of yesterday’s prediction. My analysis and signals are now a paid service. If you want to sign up or receive more information, please visit my website at forexfocustime.
Prediction: Some bank holidays today so market may be slow till US session…we have resistances at 5290 and 5340/45 and supports at 5210/05 and lower at 5165…We are leaning on more of a down move today (sell trades can be held for more pips, up to you traders)….Scalp all levels…
Results:
1. Long @ 5210, DD: 0 pips; MP: 48 pips. This was a scalp trade as all our levels today so we held this trade for 20+ pips. Note: Price hit 52103 on our charts so it is within our 2-4 pip exception.
Overall Profit/Loss: +25
Pips this Month: +25
Prediction: GU is at a strong support so our bias is mixed today with supports at 5145/50 and lower at 5115 and resistances at 5250, 5275/80 and a key level at 5315/20…Scalp middle levels and trend top and bottom…
Results:
1. Long @ 5150, DD: 15 pips; MP: 15 pips. This trade moved about 15 pips but because of the spread we do not think most went 15 pips to move SL to zero so we will count this trade as a negative scalp trade of – 15.
2. Long @ 5115, DD: 24 pips; MP: 70 pips. This was a quick spike at this level and if you didn’t have a limit order you would have been filled at 5105 area. The stop held up on this trade as it was a trend trade (25 pips SL plus spread). This trade was closed late US session as this is a day trading strategy for 60 pips.
Overall Profit/Loss: +45 pips
Pips this Month: +70
Prediction: GU is still bearish resistances at 5160/65 and higher at 5205 and supports are at 5100/95 and lower at 5020/25…Trend top level and scalp the rest…
Results:
1. Short @ 5160, DD: 12 pips; MP: 45 pips. This was a scalp trade that was closed at 30 pips as a quick spike at the end…Note: SL was suppose to be 15 pips plus spread above 5165 level.
2. Long @ 5095, DD: 10 pips; MP: 15 pips. This trade moved 15 pips into the green and was closed at BE.
Note: As seen on the chart, all these levels were respected by the market at later times of trading…In a ranging market some levels can be taken more then once for the experienced trader but minimizing risk is key when doing this ….
Overall Profit/Loss: +30
Pips this Month: +100
Prediction: There is a strong bearish trend in the market, our supports are at 5020 and lower at 4965/70 and some support at 4990(risky)…our resistance are at 5090/95 and higher at 5120/25…trend short and scalp long….
Results:
1. Long @ 5020, DD: 0 pips; MP: 48 pips. This trade quickly moved and closed at first sign of resistances for 25 pips.
2. Short @ 5095, DD: 12 pips; MP: 395 pips. This was our trend trade which we held to our last support level which was at 4965 for a 130 pip profit.
3. Long @ 4965, DD: 3 pips; MP: 20 pips. This was a scalp trade which moved for a 20 pip gain…Note at worst on this trade, SL was suppose to be at BE after 15 pips if spread did not allow to close.
Overall Profit/Loss: +175 pips
Pips this Month: +275
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G/U Analysis/Prediction
