Friday, February 29, 2008

EUR/USD SIGNAL SYSTEM FOR THE WEEK

MONDAY 25TH FEB. 2008

WE HAD OUR SIGNALS READY FOR THE WEEK AND WAS POSTED ON SUNDAY 24TH FEB. 2008 ON http://piptrain.blogspot.com/2008/02/eurusd-signal-for-monday-25th-feb2008.html 

OUR SIGNAL WAS A SELL AT OUR ENTRY PRICE OF 6:00 GMT AND LETS SEE IF THAT WAS ACHIEVED.

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LOOKING AT THE RED ARROWS YOU WILL OBSERVE THAT IF YOU CROSS CHECK ON YOUR CHART, THE MARKET OPENED AT OUR ENTRY TIME USING THE 1 HOUR TIME FRAME AT 1.4814, SOMEHOW IT TURNED OUT TO BE A RANGING MARKET DURING THIS PERIOD AND WE ALSO SAW A CLOSE AT 1.4814. MEANING WE GOT CLOSED ON SPREAD LOSSES. THAT IS A MINUS 2 PIPS.

 

TUESDAY 26TH FEB, 2008

THIS WAS A BUY DAY AND YOU CAN SEE MY SIGNAL THAT WAS GENERATED ON MONDAY FOR TUESDAY ON http://piptrain.blogspot.com/2008/02/eurusd-signal-for-tuesday-26th-feb-2008.html 

BASICALLY WE GOT THE MARKET KICKING OFF AT A PRICE OF 1.4813, WHIICH WOULD THEN MEAN OUR STOP LOSS SET AT 1.4783 AND WE SAW A LOW OF 1.4779 ON THE NEXT HOURLY CANDLE STICK. THAT WOULD MEAN US BEEN CUT OUT OF THE TRADE. BUT JUST WACTH AS THE TRADE WENT OUR WAY JUST AS FORECASTED, AND TOUCHED A HIGH OF 1.4878 ON THE 10:00 GMT CANDLE STICK WHICH EVENTUALLY WAS OUT EXIT TIME.

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THAT WAS A -30 PIPS LOSS FOR US ON TUESDAY.

 

WEDNESDAY 27TH FEB. 2008

THIS WAS A BUY DAY AS WELL http://piptrain.blogspot.com/2008/02/signal-for-eurusd-wednesday-27th-feb.html, I FORECASTED A BUY SIGNAL FOR EUR/USD BETWEEN 6:00-10:00 GMT, AND AT THE ENTRY TIME OF 6:00 GMT THE HOURLY CANDLE STICK OPENED AT 1.4999 WHICH WOULD MEAN US SET A STOP LOSS OF 1.4969, OUR STOP LOSS WAS NOT TOUCHED RATHER THE MARKET RALLIED AND TOUCHED A HIGH OF 1.5087 DURING THE PERIOD OF SIGNAL STRENGHT.

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WE SAW THE MARKET CLOSE AT 1.5048 RATHER AT THE EXIT TIME OF SIGNAL, GIVING OUT A 46 PIPS PROFIT FOR THE DAY.

 

THURSDAY 28TH FEB. 2008

THIS WAS A DAY THAT HAD SO MUCH TO LOOK OUT FOR, WE SAW THE EUR/USD TOUCH THE MYTHICAL 1.5000 MARK. WELL THIS WAS A BUY SIGNAL LIKEWISE JUST AS OUR GENERATED SIGNAL SUGGESTED. THE ENTRY TIME REMAINED SAME BETWEEN 6:00-10:00 GMT. AND AT ENTRY PRICE WE SAW THE MARKET OPENED AT 1.5112 THIS WOULD SUGGEST A STOP LOSS OF 1.5082. WELL WE SAW THAT TOUCH AT THE NEXT CANDLE STICK. SO WE GOT CLOSED OUT STAYING JUST LESS THAN 2 HOURS IN THE MARKET TODAY.

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THIS WAS A MINUS DAY FOR US. AND WE DID ACCEPT IT.

FRIDAY 29TH FEB. 2008

THIS IS THE CLOSE OF TRADING FOR THE WEEK AND WE HAVE HIGH HOPES FOR TODAY, LETS SEE HOW WE DID ON THIS DAY. THE MARKET OPENED AT 1.5182 AT OUR ENTRY TIME. AND THIS WULD MEAN A -30 PIPS STOP LOSS AND A PLUS 90 PIPS TAKE PROFIT.

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OUR STOP LOSS WAS NOT TOUCHED RATHER WE SAW THE MARKET SPIKED AT THIS PERIODS PRODUCING A HIGH DURING OUR SIGNAL PERIOD. IT TOUCHED 1.5238 AND CLOSED AT 1.5206. THIS TRANSLATE A PROFIT OF 22 PIPS.

 

IF WE GET ALONG THE DATA FOR THE WEEK, LETS SEE HOW WE WENT SO FAR.

MONDAY                                            -2 PIPS

TUESDAY                                           -30 PIPS

WEDNESDAY                                       +46 pips

Thursday                                            -30  pips

FRIDAY                                               +22 PIPS

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                                                            6 PIPS

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I'LL HAVE TO DECIDE F TO CONTINUE OR STOP.

 

GOODLUCK ALL                    FlagBring it on

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