EUR/USD - Important Event for Forex

Dear Friends,

What I'm about to tell you will not be shared with everyone, but only with my subscribers and visitors.

From August 2007 the Market went crazy. Everything including strategic levels like Fibonacci Numbers, Gann Fan levels and other natural indicators fall into parts. Nothing, but nothing was respected anymore and maybe some of you didn't notice but that was a huge move by the big guys who know that those indicators were very well advertised in the last year so they thought to move the market a little and make the traders thing everything was a bullshit.

From August, Fibonacci levels were a total mess, 38.2% and 61.8% were placed on the blacklist of Support and Resistance and many people lost money because they believed in those levels. Don't think they are not working, think that someone wanted those level not to work.

Well, let me tell you that their non-sense actions ended today, because like all natural things, indicators like Fibonacci and Gann took their place back in action. Why ? Because Nature is never wrong, Nature and Evolution always win and those 2 names mean a lot in Forex or Capital markets.

Bellow you will find the proof that Fibonacci is starting to win the fight with Big Guys. I haven't seen such a perfect movement based on Fibonacci Levels since last summer. People want those level to work. Natural Selection Works !



Happy PIPpin' !

EUR/USD - Sell @ 163.62 / 10 pips profit

Hello my friends,

Today was another great day in Forex, because EUR/JPY did it again.

Here is the chart of the trade:



14.30GMT: Price broke the TL and RegChan. Close under them. 2 EMAs cross. MACD still up.
17.00GMT: Price turns MACD down. W%R still bellow -80. We wait for a retrace.
17.30GMT: Price retraces, W%R above -80. No resistance found at lower EMA.
Perfect setup !

Entry: SELL 1 lot @ 163.62
Target: 163.52
SL: 163.75 + 10 pips + 2 spread = 163.87 (too far to be reached at this level)
Target reached in 5 minutes.

Profit: 10 pips x 1 lot x $10 per pip = $100

I attached also the big picture of the chart to see the origin of TL and how it came to present day with RegChan. You can notice that at some level price broke again the TL and RegChan, upper direction but it hit the upper band of RegChan than dropping down again.



Happy PIPpin' !

CAD/JPY - BUY 2 lots @ 104.58 / 10 pips profit

Hello again my friends,

It seems the market got some speed and here I am with a new trade for today.

CAD/JPY - base pair for my strategy gave a good signal and got me another 10 pips profit.

Here is the trade:



So, what do we have here:
5.00GMT: Early in the morning CAD/JPY made the 2 EMAs to cross and more it broke the white TL.
6.00GMT: Price turns the MACD up and closes above the RegChan, BUT the W%R is way above the -20 level, so we wait for a retrace
6.30GMT: Retrace happens, W%R confirms and didn't cross RSI, MACD still up and more price closes above the RegChan (that's good, because RegChan acted as a Support)
Good Setup !

Entry:
BUY 2 lots @ 104.58
Target: 104.68
SL: Too Far to bother place it, because at this point price don't have the power to move bellow the RegChan, it need at least one pullUP in order to fall so the entry was perfect.
Time of trade: 10 minutes

Profit for today: 10 pips x 2 lots x $10 per pip = $200

Comment: Why didn't I place a Stop Loss ? Because the market, as a living entity built on fundamental rules of gravity, needs to gain some altitude in order to fall and at this level (small) we can play with movements and get our 10 pips per day without headaches. And more, the price found support at RegChan upper band. As you can see, the candle that ended after our 10 pips profit it's a remarkable reversal one.

Happy PIPpin' !

EUR/JPY Day - profit added - 10 pips

Hello my friends,

Today was another great day for trading in Forex using my strategy.

Here is the picture of the trade:



5.30GMT: Price breaks the RegChan and white TL and closes above them.
7.00GMT: Price makes the 2 EMAs to cross for the first time, but MACD is still down.
11.30GMT: Price makes the 2 EMAs to turn for the second time, MACD is still down but it shows optimism to turn up.
12.30GMT: MACD turns up, W%R is UP, we wait for a retrace of the price and watch closely the W%R indicator to go bellow -20.
13.30GMT: Price retraces, MACD still up, W%R retraces bellow -20 and didn't cross with RSI.
PERFECT Setup !

Entry: BUY 2 lots @ 163.00 (another sign that we can enter without problems is that price retraced exactly to 163.00 that acted as support)
Target: 163.10 (reached)
SL: 163.00 - 10 - 2 (spread) = 162.88 (never reached)
Time of trade: 25 minutes

Today's profit: 10 pips x 2 lots x $10 per pip = $200

Another pair that gave a signal was EUR/USD but I got only 3 pips from that one because trade was taking too long and I got out "flat" with those 3 pips in profit. (It happened @ 12.00 GMT)

That was all for today.

Happy PIPpin' !