I am truly sorry as I stopped sending DAILY Forex Signals since 18 February 2010 as I had problems to predict the currency market lately. It was quite choppy in the last 4 weeks and the market was also full with the RED news, click here.
So starting today, I will post my currency market analysis on WEEKLY Basis, you can check it every Saturday or Sunday (just before the next market open on Monday morning). Please use PENDING ORDER for this tactic and don’t forget to use STOP LOSS and tight money management. For example :
Take Profit 1 : 40 pips
Take Profit 2 : 75 pips
Parachute Stop : 40 – 60% of your Profit Pips
Stop Loss : 50 pips
Once one of your PENDING ORDERS is triggered, you must cancel/delete the other one as this is rule of the game to work. For example : you set 2 PENDING ORDERS for USDJPY pair with BUY STOP at 90.67 and SELL STOP at 90.41. The BUY STOP is triggered, then you must cancel/delete the SELL STOP and vice versa.
The above template is for example only but it can be downloaded from here : templates.zip and I use 2 EMA (lime) and 5 EMA (red) as taught by one of my favorite FX gurus, Dr. Jeff Wilde. I will see you guys again by the end of this week to discuss the signal results, one by one. Have a nice GREEN PIPS week, follow the trend and don’t be such a greedy ! Good luck everyone 