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Forex Trade Alerts - Season 7 - Business (21) - Nairaland

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Re: Forex Trade Alerts - Season 7 by silibaba: 9:10pm On May 30, 2012
[BREAKING NEWS]

(EU) ECB rejects Spanish Bailout plan to indirectly tap into
its cash in order to recapitalize Bankia; Told govt officials
that a proper capital injection is needed. Spain plan said
to be potentially in breach of EU rules. Govt officials said
to have argued that Spain has implemented reforms requested
by Brussels and wants to avoid bailouts similar to those of
Portugal, Greece and Ireland. In turn, Brussels is said to
have been frustrated by PM Rajoy's handling of the crisis
ever since he attempted to unilaterally revise deficit
targets last month.

(EU) Separate US financial press report indicating Spain's
own bailout fund has only about €9B remaining. While it can
be replenished through debt issuance, recent auctions have
seen weak demand and sharply higher borrowing costs.

(EU) Follow Up 5:30 ET ECB: Have not been consulted on Spain
recapitalization plans but is prepared to give advice on the
development of such plans - Statement

(EU) European Commission may request that EU Fin Ministers
allow Spain an extra year to achieve 3% deficit to GDP
target, moving deadline from 2013 to 2014.

How to interpret this?

We saw sharp sell-offs of EURUSD immediately following ECB's
rejection, it seems that the market rather take a Spanish
Bailout as a positive signal than a rejection of a Spanish
Bailout Plan... Which once again brings us back to the basis
of market analysis, that uncertainty is always worse than
news, no matter how bad the news is.

I would expect to see EURUSD retest the 2011 lows of around
the 1.2000 level, giving the fact that Greek election is
coming up in a couple of weeks and Spain is under tremendous
scrutiny, not mentioning the implication of requesting
extention to the Deficit to GDP target... The key is to keep
selling EUR whenever it makes significant recoveries.

let he that have ear hear this

Thanks

SILIBABA cool
Re: Forex Trade Alerts - Season 7 by Nobody: 9:10pm On May 30, 2012
donblanco:
thanks its quite clear,u said 4H timeframe or can it be use for other timeframe and from what i see it should be followed in a trending market??
i prefer trading it on the 4h, since there are various tradable pairs, i just keep my eyes open on other pairs.

like i said, different traders trade the pin bar differently. use google to see if you will come with anything just that they may not be simplfied for easy understanding
Re: Forex Trade Alerts - Season 7 by goldenboi(m): 9:11pm On May 30, 2012
silibaba: [BREAKING NEWS] [BREAKING NEWS] [BREAKING NEWS] [BREAKING NEWS]
[BREAKING NEWS] [BREAKING NEWS] [BREAKING NEWS] [BREAKING NEWS] cool cool

where the breaking news 00000 wink
Re: Forex Trade Alerts - Season 7 by donblanco: 9:13pm On May 30, 2012
aguiyi:
i prefer trading it on the 4h, since there are various tradable pairs, i just keep my eyes open on other pairs.

like i said, different traders trade the pin bar differently. use google to see if you will come with anything just that they may not be simplfied for easy understanding
thanks will do so.
Re: Forex Trade Alerts - Season 7 by Nobody: 9:16pm On May 30, 2012
silibaba: [BREAKING NEWS]

(EU) ECB rejects Spanish Bailout plan to indirectly tap into
its cash in order to recapitalize Bankia; Told govt officials
that a proper capital injection is needed. Spain plan said
to be potentially in breach of EU rules. Govt officials said
to have argued that Spain has implemented reforms requested
by Brussels and wants to avoid bailouts similar to those of
Portugal, Greece and Ireland. In turn, Brussels is said to
have been frustrated by PM Rajoy's handling of the crisis
ever since he attempted to unilaterally revise deficit
targets last month.

(EU) Separate US financial press report indicating Spain's
own bailout fund has only about €9B remaining. While it can
be replenished through debt issuance, recent auctions have
seen weak demand and sharply higher borrowing costs.

(EU) Follow Up 5:30 ET ECB: Have not been consulted on Spain
recapitalization plans but is prepared to give advice on the
development of such plans - Statement

(EU) European Commission may request that EU Fin Ministers
allow Spain an extra year to achieve 3% deficit to GDP
target, moving deadline from 2013 to 2014.

How to interpret this?

We saw sharp sell-offs of EURUSD immediately following ECB's
rejection, it seems that the market rather take a Spanish
Bailout as a positive signal than a rejection of a Spanish
Bailout Plan... Which once again brings us back to the basis
of market analysis, that uncertainty is always worse than
news, no matter how bad the news is.

I would expect to see EURUSD retest the 2011 lows of around
the 1.2000 level, giving the fact that Greek election is
coming up in a couple of weeks and Spain is under tremendous
scrutiny, not mentioning the implication of requesting
extention to the Deficit to GDP target... The key is to keep
selling EUR whenever it makes significant recoveries.

let he that have ear hear this

Thanks

SILIBABA cool

not until i know how to interpret the news properly, i will pay less attention to it and more to my charts

Also, IF ALL THE ANALYST AT BLOOMBERG AND OTHER PLACES ARE THAT SMART AND ACCURATE IN NEWS ANALYSIS ,THEY WOULD NOT BE EMPLOYEES IN THOSE PLACES cool cool cool

1 Like

Re: Forex Trade Alerts - Season 7 by silibaba: 9:17pm On May 30, 2012
8:15am NY Time US ADP NFP Change Forecast 139K Previous 119K
Deviation: 50K (BUY USD 190K / SELL USD 90K)

The Trade Plan
I usually don´t trade this release but I use it for future trend references. However, if the deviation of 50K is actually hit, the market probably wont have a problem pushing it, and this will undoubtedly change market perception for the NFP release; therefore its best to be around your computer during the release time rather than find out what happened hours later and potentially miss the entire movement.

With the above being said, we´ll be looking for a deviation of 50K, so if we get 190K or better release, I´d be looking to BUY USD against the Weakest currency based on the strength meter; if we get a 90K or worse, then I´d be looking to SELL USD against the Strongest currency based on the meter… Please use the Recommendation Pairs below only if the release is above 190K or below 90K…

worse new sell usd/jpy

better news sell usd/nzd
Re: Forex Trade Alerts - Season 7 by silibaba: 9:22pm On May 30, 2012
The Trade Plan
We are looking for a deviation between 0.2% ~ 0.3% from the forecasted figure of 1.9%. Therefore if we get a 2.2% on the first quarter 2012 GDP, it would be US Dollar positive. We will BUY USD. However, if we get a 1.7% release or worse, then we would be SELLING USD. We’ll be looking to trade this release based on my Retracement Trading Method; since this is a high impact release, strong market volatility is expected immediately after the release.

I’d recommend to use the Recommended Pair above as it is based on my strength meter by pairing up the best currencies in the event of a better/worse news… or you can just use the default pairs for this news: USDJPY or EURUSD
Re: Forex Trade Alerts - Season 7 by unclenna(m): 9:35pm On May 30, 2012
if you are interested in knowing [color=#000099]how to trade like a pro with guarantee 40% ROI every month then join me here http://www.facebook.com/ForexTradeAlert FREE OR CHARGE[/b].....[b]YES I SAID FREE OF CHARGE. Am reveling set by step my trading set-up to all those who care to know from the setup to how to use it....this is for GU and EU only.[/color]
Re: Forex Trade Alerts - Season 7 by unclenna(m): 9:37pm On May 30, 2012
unclenna: if you are interested in knowing [color=#000099]how to trade like a pro with guarantee 40% ROI every month then join me here http://www.facebook.com/ForexTradeAlert FREE OR CHARGE[/b].....[b]YES I SAID FREE OF CHARGE. Am reveling set by step my trading set-up to all those who care to know from the setup to how to use it....this is for GU and EU only.[/color]
i hope am not spoiling business for some marketers. Forex should be free if you claim you are making cash from it

3 Likes

Re: Forex Trade Alerts - Season 7 by unclenna(m): 10:11pm On May 30, 2012
SELL GU @ 1.5477 and EU @ 1.2366 (10:04PM 5/30/2012)
Re: Forex Trade Alerts - Season 7 by showus: 10:20pm On May 30, 2012
aguiyi: piplocker is attached for others who may need it

Is piplocker going to be attached to the chart as an indicator or as an ea?Can you explain how it is used to lock in profit. Thanks
Re: Forex Trade Alerts - Season 7 by Nobody: 11:05pm On May 30, 2012
[size=21pt]trade commentary on gold[/size]http://www.swanfxgroup.com/blog/?p=1192
Re: Forex Trade Alerts - Season 7 by hisableplc(m): 2:36am On May 31, 2012
hisableplc: my buys are triggered stoploss tight as ever profit running helter skelter
my entries were 1.5558 1.2440 122.99 sl 20pip 15pip 10pip Tp 50p 67p 90p
comments....entertained


Got G-U lost E-U nice 1
Re: Forex Trade Alerts - Season 7 by hisableplc(m): 2:52am On May 31, 2012
unclenna: why do u use such a tight SL for ur trades. Are u trying to give d market some $$$.

yea just keeping my profit to run and cutting my losses short i locked dem up 1ce dey get green break even or + as d case maybe
Re: Forex Trade Alerts - Season 7 by Xbox1: 6:53am On May 31, 2012
silibaba: [BREAKING NEWS]

(EU) ECB rejects Spanish Bailout plan to indirectly tap into
its cash in order to recapitalize Bankia; Told govt officials
that a proper capital injection is needed. Spain plan said
to be potentially in breach of EU rules. Govt officials said
to have argued that Spain has implemented reforms requested
by Brussels and wants to avoid bailouts similar to those of
Portugal, Greece and Ireland. In turn, Brussels is said to
have been frustrated by PM Rajoy's handling of the crisis
ever since he attempted to unilaterally revise deficit
targets last month.

(EU) Separate US financial press report indicating Spain's
own bailout fund has only about €9B remaining. While it can
be replenished through debt issuance, recent auctions have
seen weak demand and sharply higher borrowing costs.

(EU) Follow Up 5:30 ET ECB: Have not been consulted on Spain
recapitalization plans but is prepared to give advice on the
development of such plans - Statement

(EU) European Commission may request that EU Fin Ministers
allow Spain an extra year to achieve 3% deficit to GDP
target, moving deadline from 2013 to 2014.

How to interpret this?

We saw sharp sell-offs of EURUSD immediately following ECB's
rejection, it seems that the market rather take a Spanish
Bailout as a positive signal than a rejection of a Spanish
Bailout Plan... Which once again brings us back to the basis
of market analysis, that uncertainty is always worse than
news, no matter how bad the news is.

I would expect to see EURUSD retest the 2011 lows of around
the 1.2000 level, giving the fact that Greek election is
coming up in a couple of weeks and Spain is under tremendous
scrutiny, not mentioning the implication of requesting
extention to the Deficit to GDP target... The key is to keep
selling EUR whenever it makes significant recoveries.

let he that have ear hear this

Thanks

SILIBABA cool


My guy that news is 2days old na, why making breaking news?

1 Like

Re: Forex Trade Alerts - Season 7 by Xbox1: 6:55am On May 31, 2012
Am closing my EU buy of yesterday @ 45 pips plus, just bought GU hoping to get 50pips when it hits PP
Re: Forex Trade Alerts - Season 7 by Nobody: 7:09am On May 31, 2012
showus:

Is piplocker going to be attached to the chart as an indicator or as an ea?Can you explain how it is used to lock in profit. Thanks

its an ea.

in the inputs tab instruct it how many pips you want it to reach before locking in a giving number. the default is 1pips locking in when it reaches 5pips.

note that if you are losing the trade it will not do anything till you enetr the greens
Re: Forex Trade Alerts - Season 7 by Theyjih: 7:36am On May 31, 2012
X_box: Am closing my EU buy of yesterday @ 45 pips plus, just bought GU hoping to get 50pips when it hits PP
The GU is such a NO-Brainer.. grin grin grin
Re: Forex Trade Alerts - Season 7 by honeric01(m): 7:59am On May 31, 2012
FTSE 100 (Jun 12) intraday : the downside prevails.

Pivot: 5357
Our Preference: SHORT positions below 5357 with 5260 & 5245 in sight.
Alternative scenario: The upside breakout of 5357 will open the way to 5387 & 5415.
Comment:even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Re: Forex Trade Alerts - Season 7 by honeric01(m): 8:00am On May 31, 2012
Dow Jones (Jun 12) intraday: the downside prevails.

Pivot: 12485
Our Preference: SHORT positions below 12485 with targets @ 12355 & 12290.
Alternative scenario: The upside breakout of 12485 will open the way to 12540 & 12600.
Comment: the upward potential is likely to be limited by the resistance at 12485.
Re: Forex Trade Alerts - Season 7 by honeric01(m): 8:00am On May 31, 2012
GBP/USD intraday: the downside prevails.

Pivot: 1.5550.
Our Preference: SHORT positions below 1.555 with targets @ 1.545 & 1.54.
Alternative scenario: The upside penetration of 1.555 will call for 1.559 & 1.562.
Comment: the RSI lacks upward momentum.
Re: Forex Trade Alerts - Season 7 by honeric01(m): 8:00am On May 31, 2012
EUR/USD intraday: under pressure.

Pivot: 1.2455.
Our Preference: SHORT positions below 1.2455 with 1.234 & 1.231 as next targets.
Alternative scenario: The upside breakout of 1.2455 will open the way to 1.249 & 1.252.
Comment: as long as 1.2455 is resistance, look for choppy price action with a bearish bias.
Re: Forex Trade Alerts - Season 7 by honeric01(m): 8:00am On May 31, 2012
USD/JPY intraday: the downside prevails.

Pivot: 79.10.
Our Preference: SHORT positions below 79.1 with targets @ 78.55 & 78.45.
Alternative scenario: The upside penetration of 79.1 will call for 79.3 & 79.4.
Comment: the RSI is capped by a declining trend line.
Re: Forex Trade Alerts - Season 7 by honeric01(m): 8:00am On May 31, 2012
GOLD (Spot) intraday: rebound.

Pivot: 1553.00
Our Preference: LONG positions above 1553 with 1570 & 1585 in sight.
Alternative scenario: The downside penetration of 1553 will call for 1545 & 1531.
Comment: the RSI advocates for further advance.
Re: Forex Trade Alerts - Season 7 by honeric01(m): 8:01am On May 31, 2012
Crude Oil (Jul 12) intraday: the downside prevails.

Pivot: 88.60
Our Preference: SHORT positions below 88.6 with 87 & 86.4 in sight.
Alternative scenario: The upside penetration of 88.6 will call for a rebound towards 89.3 & 89.8.
Comment: technically, the RSI is below its neutrality area at 50.
Re: Forex Trade Alerts - Season 7 by honeric01(m): 8:01am On May 31, 2012
there is less and less hope that we will see any meaningful retracement now, since market has broken all significant levels and reversal patterns.
Still, currently it stands at daily oversold and WPS1 and shows nice context for B&B "Sell", DRPO "Buy" or DRPO Failure pattern on 4-hour chart - depending on how price action will develop in nearest hours:


http://www.forexpeacearmy.com/forex-forum/sive-morten-analysis/20260-eur-usd-daily-video-may-31-2012-a.html
Re: Forex Trade Alerts - Season 7 by honeric01(m): 8:02am On May 31, 2012
MARKET PLEASE GIVE ME THE BEST BIRTHDAY GIFT BY MAKING SURE I GET AT LEAST 500PIPS FOR TODAY AS BIRTHDAY GIFT.

TODAY'S MY BIRTHDAY AND I WISH MYSELF THE BEST WISHES OF LIFE THAT I DREAM AND PRAY FOR.

GOD BLESS ME. cool cool cool cool

1 Like

Re: Forex Trade Alerts - Season 7 by honeric01(m): 8:06am On May 31, 2012
Dollars, yen and G4 bonds smell of roses

More blood on the streets of financial markets yesterday and overnight, with risk assets reversing still further and safe haven currencies and bonds smelling like roses. Interestingly, while the dollar remained very much in favour and money poured into US treasuries, it was actually the Japanese yen that shone even more brightly. Indeed, USD/JPY is now below 79, which no doubt will both alarm and disappoint Tokyo in equal measure. Although bond yields for Europe's fiscal miscreants soared, the price action in the single currency was more measured, as it drifted gradually down below 1.24, a fresh 2yr low. High-beta currencies such as the Aussie fared worse –it fell below the 0.97 level overnight. In general, May has been a dreadful month for emerging currencies – for instance, the likes of the Russian ruble and the Polish zloty have suffered a 10% decline thus far, while the Indian rupee has dropped to a record low. Likewise, commodities have been hard hit – Brent crude fell to USD 103.34 overnight, down more than 3% over the past 24 hours, while the copper price lost another 2.5%.
Re: Forex Trade Alerts - Season 7 by unclenna(m): 8:09am On May 31, 2012
honeric01: MARKET PLEASE GIVE ME THE BEST BIRTHDAY GIFT BY MAKING SURE I GET AT LEAST 500PIPS FOR TODAY AS BIRTHDAY GIFT.

TODAY'S MY BIRTHDAY AND I WISH MYSELF THE BEST WISHES OF LIFE THAT I DREAM AND PRAY FOR.

GOD BLESS ME. cool cool cool cool
i want to say a very happy birthday to one and only honeric01. Brother ur gud work in this thread will never b 4gotton. Wishing u more pips in this biz.
Re: Forex Trade Alerts - Season 7 by honeric01(m): 8:11am On May 31, 2012
unclenna: i want to say a very happy birthday to one and only honeric01. Brother ur gud work in this thread will never b 4gotton. Wishing u more pips in this biz.

Thanks bro, may we all be alive to enjoy the sweaty rewards of our labour.
Re: Forex Trade Alerts - Season 7 by samyng(m): 8:11am On May 31, 2012
honeric01: MARKET PLEASE GIVE ME THE BEST BIRTHDAY GIFT BY MAKING SURE I GET AT LEAST 500PIPS FOR TODAY AS BIRTHDAY GIFT.

TODAY'S MY BIRTHDAY AND I WISH MYSELF THE BEST WISHES OF LIFE THAT I DREAM AND PRAY FOR.

GOD BLESS ME. cool cool cool cool

I will like to wish you and your loved ones Good health, prosperity, success, happiness and days filled with green pips..
Happy Birthday
Re: Forex Trade Alerts - Season 7 by donblanco: 8:19am On May 31, 2012
honeric01: MARKET PLEASE GIVE ME THE BEST BIRTHDAY GIFT BY MAKING SURE I GET AT LEAST 500PIPS FOR TODAY AS BIRTHDAY GIFT.

TODAY'S MY BIRTHDAY AND I WISH MYSELF THE BEST WISHES OF LIFE THAT I DREAM AND PRAY FOR.

GOD BLESS ME. cool cool cool cool
happy birthday to u and wishing all the good things u wish for

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