STAR:fx Daily Signals

[GBP@FXCM A0-FX] STAR:fx Stop Met Alert

2010-10-29T12:45:00.001+01:00

[GBP@FXCM A0-FX] CLOSE POSITION AT 1.5922, Stop Met

[GBP@FXCM A0-FX] STAR:fx Buy Alert

2010-10-29T12:37:00.001+01:00

[GBP@FXCM A0-FX] BUY AT 1.5930, Target=1.5970, Stop=1.5922

[GBP@FXCM A0-FX] STAR:fx Stop Met Alert

2010-10-29T11:17:00.001+01:00

[GBP@FXCM A0-FX] CLOSE POSITION AT 1.5922, Stop Met

[CAD@FXCM A0-FX] STAR:fx Buy Alert

2010-10-29T11:12:00.001+01:00

[CAD@FXCM A0-FX] BUY AT 1.0232, Target=1.0244, Stop=1.0225

[CAD@FXCM A0-FX] STAR:fx Target Met Alert

2010-10-29T10:50:00.001+01:00

[CAD@FXCM A0-FX] CLOSE POSITION AT 1.0244, Target Met

[EUR@FXCM A0-FX] STAR:fx Target Met Alert

2010-10-29T10:47:00.001+01:00

[EUR@FXCM A0-FX] CLOSE POSITION AT 1.3810, Target Met

[GBP@FXCM A0-FX] STAR:fx Target Met Alert

2010-02-16T17:04:00.001Z

[GBP@FXCM A0-FX] CLOSE POSITION AT 1.5753, Target Met

[EUR@FXCM A0-FX] STAR:fx Target Met Alert

2010-02-16T16:16:00.001Z

[EUR@FXCM A0-FX] CLOSE POSITION AT 1.3718, Target Met

[CAD@FXCM A0-FX] STAR:fx Target Met Alert

2010-02-16T15:40:00.001Z

[CAD@FXCM A0-FX] CLOSE POSITION AT 1.0420, Target Met

[CHF@FXCM A0-FX] STAR:fx Sell Alert

2010-02-16T15:36:00.001Z

[CHF@FXCM A0-FX] SELL AT 1.0716, Target=1.0686, Stop=1.0737

[EUR@FXCM A0-FX] STAR:fx Sell Alert

2010-02-16T14:23:00.001Z

[EUR@FXCM A0-FX] SELL AT 1.3646, Target=1.3610, Stop=1.3656

[CHF@FXCM A0-FX] STAR:fx Buy Alert

2010-02-16T14:16:00.001Z

[CHF@FXCM A0-FX] BUY AT 1.0746, Target=1.0776, Stop=1.0737

[JPY@FXCM A0-FX] STAR:fx Target Met Alert

2010-02-16T14:11:00.001Z

[JPY@FXCM A0-FX] CLOSE POSITION AT 90.0600, Target Met

[CAD@FXCM A0-FX] STAR:fx Sell Alert

2010-02-16T13:23:00.001Z

[CAD@FXCM A0-FX] SELL AT 1.0445, Target=1.0420, Stop=1.0457

[AUD@FXCM A0-FX] STAR:fx Buy Alert

2010-02-16T13:12:00.001Z

[AUD@FXCM A0-FX] BUY AT 0.8964, Target=0.8986, Stop=0.8953

[EUR@FXCM A0-FX] STAR:fx Sell Alert

2010-02-16T12:31:00.003Z

[EUR@FXCM A0-FX] SELL AT 1.3646, Target=1.3610, Stop=1.3656

[CHF@FXCM A0-FX] STAR:fx Buy Alert

2010-02-16T12:31:00.001Z

[CHF@FXCM A0-FX] BUY AT 1.0746, Target=1.0776, Stop=1.0737

[EUR@FXCM A0-FX] STAR:fx Sell Alert

2010-02-16T12:11:00.001Z

[EUR@FXCM A0-FX] SELL AT 1.3646, Target=1.3610, Stop=1.3656

[CHF@FXCM A0-FX] STAR:fx Buy Alert

2010-02-16T11:00:00.001Z

[CHF@FXCM A0-FX] BUY AT 1.0746, Target=1.0776, Stop=1.0737

[CHF@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-16T10:21:00.001Z

[CHF@FXCM A0-FX] CLOSE POSITION AT 1.0737, Stop Met

[EUR@FXCM A0-FX] STAR:fx Sell Alert

2010-02-16T10:19:00.001Z

[EUR@FXCM A0-FX] SELL AT 1.3646, Target=1.3610, Stop=1.3656

[CAD@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-16T09:33:00.001Z

[CAD@FXCM A0-FX] CLOSE POSITION AT 1.0457, Stop Met

[EUR@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-16T09:00:00.006Z

[EUR@FXCM A0-FX] CLOSE POSITION AT 1.3656, Stop Met

[CAD@FXCM A0-FX] STAR:fx Buy Alert

2010-02-16T09:00:00.005Z

[CAD@FXCM A0-FX] BUY AT 1.0470, Target=1.0495, Stop=1.0457

[JPY@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-16T09:00:00.003Z

[JPY@FXCM A0-FX] CLOSE POSITION AT 89.8150, Stop Met

[AUD@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-16T09:00:00.001Z

[AUD@FXCM A0-FX] CLOSE POSITION AT 0.8953, Stop Met

[GBP@FXCM A0-FX] STAR:fx Buy Alert

2010-02-15T11:41:00.001Z

[GBP@FXCM A0-FX] BUY AT 1.5689, Target=1.5727, Stop=1.5656

[EUR@FXCM A0-FX] STAR:fx Buy Alert

2010-02-15T10:09:00.001Z

[EUR@FXCM A0-FX] BUY AT 1.3615, Target=1.3638, Stop=1.3609

[CHF@FXCM A0-FX] STAR:fx Sell Alert

2010-02-15T09:57:00.000Z

[CHF@FXCM A0-FX] SELL AT 1.0767, Target=1.0749, Stop=1.0774

FREE Trading Book Download

2010-02-12T15:06:00.002Z

Click HERE to download a free ebook on trading.

The book is easy to read and easy to understand. It covers trading signals, use of stop loss, trends and reversals in prices. Although the book refers to stock trading, the book is completely relevant to forex trading. Click HERE to read reviews from Amazon and purchase your own copy.

Friday Wrap Up

2010-02-12T12:48:00.003Z

(Click on the above picture to see a larger image)

At last we are seeing some decent volatility and continued dollar strength as fears of sovereign debt failure grow amid a fragile global economic recovery. Four out of six trades this morning have produced a profit, one a loss and the other breakeven.

At 09:20 we saw the Sell signal in GBP, a few minutes later a Sell signal in EUR and after a further 20m, we saw signals in AUD, CAD and CHF. With barely any time to catch our breath, the next minute saw GBP, AUD and EUR trades reach their Targets yielding profits of 43, 22 and 43 pips respectively. Fifteen minutes later, we saw the final signal of the session from JPY which was stopped out at 11:52 for a loss of 20.5 pips. The CAD position met its Target at 10:25 giving us 32 pips profit and the CHF position lacked momentum to reach its target and was stopped out at entry price at the end of the trading session. The net haul was a profit of 119 pips leaving us with a net profit of 116 pips for the week. Have a great Valentine's weekend and join us next week for some great trading opportunities.

Thursday Wrap Up

2010-02-11T13:43:00.003Z

(Click on the picture above to see a larger image)

A reasonable day: we saw signals in all 6 currency pairs and achieved a net profit of 25 pips. The GBP Buy signal was closed at the session end at the entry price, the EUR and CHF trades met their Targets providing profits of 22 and 18 pips respectively. We saw signals in CAD and AUD but were stopped twice in each losing a total of 21 pips and finally the JPY Sell trade met its target and netted a small profit of 11 pips. We are approximately break even on the week so a few more pips profit tomorrow will push us back into profit for the week.

Wednesday Wrap Up

2010-02-10T12:05:00.004Z

(Click on the above picture to see a larger image)

The trading session started quickly with a Sell in CAD and a Buy in GBP at 09:02 followed 1 minute later with a Buy in EUR and Sell in CHF. At 09:49, we closed the GBP position and took 37 pips profit. At 10:09, we closed the EUR & CHF positions for 17 pips & 14 pips profit respectively, closed the CAD position for an 18 pip profit and took the Buy signal in AUD. 1 minute later, we closed the AUD position for a swift 16 pip profit. The mornings trades resulted in a net profit of 102 pips.

[AUD@FXCM A0-FX] STAR:fx Target Met Alert

2010-02-10T10:10:00.001Z

[AUD@FXCM A0-FX] CLOSE POSITION AT 0.8779, Target Met

[EUR@FXCM A0-FX] STAR:fx Target Met Alert

2010-02-10T10:09:00.006Z

[EUR@FXCM A0-FX] CLOSE POSITION AT 1.3784, Target Met

[CAD@FXCM A0-FX] STAR:fx Target Met Alert

2010-02-10T10:09:00.005Z

[CAD@FXCM A0-FX] CLOSE POSITION AT 1.0660, Target Met

[AUD@FXCM A0-FX] STAR:fx Buy Alert

2010-02-10T10:09:00.003Z

[AUD@FXCM A0-FX] BUY AT 0.8763, Target=0.8779, Stop=0.8754

[CHF@FXCM A0-FX] STAR:fx Target Met Alert

2010-02-10T10:09:00.001Z

[CHF@FXCM A0-FX] CLOSE POSITION AT 1.0645, Target Met

[CHF@FXCM A0-FX] STAR:fx Sell Alert

2010-02-10T09:08:00.001Z

[CHF@FXCM A0-FX] SELL AT 1.0659, Target=1.0645, Stop=1.0667

Tuesday Wrap Up

2010-02-09T12:05:00.003Z

(Click on the above picture to see a larger image)

The currencies remained range bound and again none of our trades achieved their targets and were stopped. We saw a net loss of 97 pips after 10 trades. Not very enjoyable.

[CHF@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-09T11:43:00.000Z

[CHF@FXCM A0-FX] CLOSE POSITION AT 1.0692, Stop Met

[CHF@FXCM A0-FX] STAR:fx Buy Alert

2010-02-09T11:09:00.001Z

[CHF@FXCM A0-FX] BUY AT 1.0703, Target=1.0722, Stop=1.0692

[JPY@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-09T11:03:00.001Z

[JPY@FXCM A0-FX] CLOSE POSITION AT 89.5400, Stop Met

[CAD@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-09T10:49:00.003Z

[CAD@FXCM A0-FX] CLOSE POSITION AT 1.0691, Stop Met

[AUD@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-09T10:49:00.001Z

[AUD@FXCM A0-FX] CLOSE POSITION AT 0.8710, Stop Met

[CHF@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-09T10:39:00.001Z

[CHF@FXCM A0-FX] CLOSE POSITION AT 1.0692, Stop Met

[EUR@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-09T10:02:00.001Z

[EUR@FXCM A0-FX] CLOSE POSITION AT 1.3727, Stop Met

[CAD@FXCM A0-FX] STAR:fx Sell Alert

2010-02-09T10:00:00.001Z

[CAD@FXCM A0-FX] SELL AT 1.0680, Target=1.0658, Stop=1.0691

[EUR@FXCM A0-FX] STAR:fx Buy Alert

2010-02-09T09:55:00.001Z

[EUR@FXCM A0-FX] BUY AT 1.3735, Target=1.3761, Stop=1.3727

[EUR@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-09T09:44:00.001Z

[EUR@FXCM A0-FX] CLOSE POSITION AT 1.3727, Stop Met

[CAD@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-09T09:38:00.001Z

[CAD@FXCM A0-FX] CLOSE POSITION AT 1.0691, Stop Met

[GBP@FXCM A0-FX] STAR:fx Sell Alert

2010-02-09T09:34:00.001Z

[GBP@FXCM A0-FX] SELL AT 1.5589, Target=1.5536, Stop=1.5633

[AUD@FXCM A0-FX] STAR:fx Buy Alert

2010-02-09T09:23:00.001Z

[AUD@FXCM A0-FX] BUY AT 0.8726, Target=0.8750, Stop=0.8710

[EUR@FXCM A0-FX] STAR:fx Buy Alert

2010-02-09T09:21:00.003Z

[EUR@FXCM A0-FX] BUY AT 1.3735, Target=1.3761, Stop=1.3727

[CAD@FXCM A0-FX] STAR:fx Sell Alert

2010-02-09T09:21:00.001Z

[CAD@FXCM A0-FX] SELL AT 1.0680, Target=1.0658, Stop=1.0691

[JPY@FXCM A0-FX] STAR:fx Buy Alert

2010-02-09T09:16:00.002Z

[JPY@FXCM A0-FX] BUY AT 89.6700, Target=89.8700, Stop=89.5400

[EUR@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-09T09:16:00.001Z

[EUR@FXCM A0-FX] CLOSE POSITION AT 1.3727, Stop Met

Monday Wrap Up

2010-02-08T18:05:00.005Z

(Click on the picture above to see a larger image)

Today the currencies remained range-bound, staying largely within the Buy and Sell levels defined by our model. Stops too were tight and as a result some positions were entered more than once. The morning began with signals in CHF and EUR followed by several in the JPY! Towards the end of the session, we saw further signals but none of the trades made it to their Target except the JPY!

Thirteen trades later, the net result was a loss of 33 pips. It all feels depressingly similar to previous weeks whereby there has been little movement until "big" economic release from the USA on Thursday. Should we stop trading until Thursday? No - small, controlled losses are part of the fabric of trading and by taking no risk, you are not going to make a return: You've gotta be in it to win it!

[EUR@FXCM A0-FX] STAR:fx Sell Alert

2010-02-08T11:53:00.010Z

[EUR@FXCM A0-FX] SELL AT 1.3659, Target=1.3612, Stop=1.3667

[GBP@FXCM A0-FX] STAR:fx Sell Alert

2010-02-08T11:53:00.009Z

[GBP@FXCM A0-FX] SELL AT 1.5560, Target=1.5494, Stop=1.5574

[JPY@FXCM A0-FX] STAR:fx Target Met Alert

2010-02-08T11:53:00.008Z

[JPY@FXCM A0-FX] CLOSE POSITION AT 89.2100, Target Met

[EUR@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-08T11:47:00.007Z

[EUR@FXCM A0-FX] CLOSE POSITION AT 1.3667, Stop Met

[AUD@FXCM A0-FX] STAR:fx Sell Alert

2010-02-08T11:47:00.006Z

[AUD@FXCM A0-FX] SELL AT 0.8665, Target=0.8631, Stop=0.8673

[CAD@FXCM A0-FX] STAR:fx Buy Alert

2010-02-08T11:39:00.002Z

[CAD@FXCM A0-FX] BUY AT 1.0690, Target=1.0725, Stop=1.0680

[JPY@FXCM A0-FX] STAR:fx Sell Alert

2010-02-08T11:36:00.001Z

[JPY@FXCM A0-FX] SELL AT 89.3800, Target=89.2100, Stop=89.4100

[JPY@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-08T11:27:00.002Z

[JPY@FXCM A0-FX] CLOSE POSITION AT 89.4100, Stop Met

[JPY@FXCM A0-FX] STAR:fx Sell Alert

2010-02-08T11:20:00.001Z

[JPY@FXCM A0-FX] SELL AT 89.3800, Target=89.2100, Stop=89.4100

[JPY@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-08T11:19:00.002Z

[JPY@FXCM A0-FX] CLOSE POSITION AT 89.4100, Stop Met

[JPY@FXCM A0-FX] STAR:fx Sell Alert

2010-02-08T11:16:00.001Z

[JPY@FXCM A0-FX] SELL AT 89.3800, Target=89.2100, Stop=89.4100

[JPY@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-08T11:15:00.002Z

[JPY@FXCM A0-FX] CLOSE POSITION AT 89.4100, Stop Met

[JPY@FXCM A0-FX] STAR:fx Sell Alert

2010-02-08T11:07:00.001Z

[JPY@FXCM A0-FX] SELL AT 89.3800, Target=89.2100, Stop=89.4100

[CAD@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-08T10:49:00.002Z

[CAD@FXCM A0-FX] CLOSE POSITION AT 1.0680, Stop Met

[CAD@FXCM A0-FX] STAR:fx Buy Alert

2010-02-08T10:47:00.003Z

[CAD@FXCM A0-FX] BUY AT 1.0690, Target=1.0725, Stop=1.0680

[JPY@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-08T10:12:00.002Z

[JPY@FXCM A0-FX] CLOSE POSITION AT 89.4100, Stop Met

[JPY@FXCM A0-FX] STAR:fx Sell Alert

2010-02-08T10:07:00.001Z

[JPY@FXCM A0-FX] SELL AT 89.3800, Target=89.2100, Stop=89.4100

[JPY@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-08T10:01:00.002Z

[JPY@FXCM A0-FX] CLOSE POSITION AT 89.4100, Stop Met

[JPY@FXCM A0-FX] STAR:fx Sell Alert

2010-02-08T09:41:00.001Z

[JPY@FXCM A0-FX] SELL AT 89.3800, Target=89.2100, Stop=89.4100

[EUR@FXCM A0-FX] STAR:fx Buy Alert

2010-02-08T09:02:00.000Z

[EUR@FXCM A0-FX] BUY AT 1.3706, Target=1.3753, Stop=1.3667

[CHF@FXCM A0-FX] STAR:fx Sell Alert

2010-02-08T09:01:00.001Z

[CHF@FXCM A0-FX] SELL AT 1.0706, Target=1.0664, Stop=1.0743

Friday Wrap Up

2010-02-05T18:13:00.001Z

(Click on the above picture to see a larger image)

Thursday Wrap Up

2010-02-05T17:10:00.005Z

(Click on the above picture to see a larger image)

Technical issues still prevail. The day saw narrow ranges and began at 09:15 with signals in EUR, CAD and CHF. These were followed by trades in GBP, JPY and AUD. However, only the GBP trade met its target whilst the CHF trade was stopped and all other positions were closed at entry price at the session end.

You can see from the above screenshot that the big moves of the day occurred after the release of the US economic data. We expect the market will take a little time to digest this information together with Friday's scheduled data releases.

We are at an interesting crossroads: market expectations are for interest rates to rise around the world and the first country to raise their rates will see heavy buying of their currency. We may see high volatility in currency prices as rates begin to rise. But the side effects of a dramatically strengthening or weakening currency are undesirable and it is likely that Central Banks will try to "co-ordinate" such rate rises. But with global economies still weak and the systemic risks posed by the dire financial health of several countries most notably Greece and US states e.g. California, raising rates to moderate growth & slow inflation will be tricky: too early and growth could be slowed to a standstill; too late and inflationary forces may take hold.

In short, while the central banks play a game of chicken with inflation, the FOREX market should be very exciting and offer profitable trading opportunities. We hope to help you make decent profits during this period.

Wednesday Wrap Up

2010-02-03T11:04:00.003Z

(Click on the picture to see a larger image)

We are sorry we were unable to post signals due to technical reasons. The day started with Buy signals in EUR and AUD with a Sell signal in CHF at 09:30. A buy signal in GBP was triggered on the next bar. Lastly, at 10:30 we saw Buy signals in CAD and JPY.

The GBP and CHF positions met their Targets but these profits were offset by losses arising from the AUD position being stopped and the EUR, CAD and JPY positions being closed at the end of the session. Currencies continue to tread water ahead of Thursday's economic data release from the USA. We hope to resolve our technical issues soonest.

[GBP@FXCM A0-FX] STAR:fx Target Met Alert

2010-02-03T10:59:00.001Z

[GBP@FXCM A0-FX] CLOSE POSITION AT 1.5998, Target Met

2010-02-02T12:07:00.005Z

(Click on the above picture to see a larger image)

Another sideways trading day. Our first signals were to Buy the EUR and Sell the CAD and CHF. Then we saw a Buy signal in the GBP. At 10:15, momentum in the open positions fell and prices fell back towards their stops. All open positions were closed. Momentum returned again to FX prices and we took the signal in the EUR and closed it for a net profit of 3 pips at the end of the trading session. There is a lot of economic data scheduled for release later in the week and we expect the FX markets will be quiet ahead of this news.

Close All Open Positions

2010-02-02T11:56:00.002Z

Close EUR Position. Trading Session Ended. 1.3948

Live Signal

2010-02-02T10:01:00.000Z

Buy EUR at 1.3935 Target 1.3959 Stop 1.3931

Close Position

2010-02-02T09:52:00.002Z

Close CAD AUD and CHF positions at entry price. Momentum reversing.

Close Position

2010-02-02T09:50:00.002Z

Close GBP and EUR positions. Stops Met.

Live Signal

2010-02-02T09:43:00.001Z

Buy GBP at 1.5950 Target 1.5998 Stop 1.5945

Buy AUD at 0.8806 Target 0.8833 Stop 0.8796

Live Signal

2010-02-02T09:21:00.003Z

Buy EUR at 1.3935 Target 1.3959 Stop 1.3920

Sell CAD at 1.0588 Target 1.0574 Stop 1.0596

Sell CHF at 1.0573 Target 1.0556 Stop 1.0583

Tuesday Signal Levels

2010-02-02T09:06:00.004Z

.......Buy@ Sell@ Stop@

GBP 1.5949 1.5901 1.5945

CAD 1.0602 1.0588 1.0597

EUR 1.3935 1.3911 1.3932

CHF 1.0590 1.0573 1.0579

AUD 0.8806 0.8779 0.8796

JPY 90.720 90.460 90.685

Monday Wrap Up

2010-02-01T12:28:00.002Z

(Click on the picture above to see a larger image)

A new month and a new week begin but the story is still the same: low volatility and poor momentum between economic data releases. Today we saw a good signal in the GBP but all other signals failed to meet their targets and were stopped or closed accordingly. Our net haul was a 35 pip profit and we look forward to a new trading day tomorrow.

Close All Open Positions

2010-02-01T12:23:00.003Z

Close All Positions. Session Ended.

Close Position

2010-02-01T11:39:00.003Z

Close CAD Position. Stop Met 1.0709

Live SIgnal CAD

2010-02-01T10:46:00.000Z

BUY CAD at 1.0716 Target = 1.0748 Stop = 1.0709

[GBP@FXCM A0-FX] STAR:fx Target Met Alert

2010-02-01T10:26:00.002Z

[GBP@FXCM A0-FX] CLOSE POSITION AT 1.5861, Target Met

Live SIgnal JPY

2010-02-01T10:24:00.000Z

Sell JPY at 90.25 Target 90.09 Stop 90.32

Close Position

2010-02-01T10:21:00.002Z

Close EUR & CHF positions at entry price. Momentum fading.

[GBP@FXCM A0-FX] STAR:fx Sell Alert

2010-02-01T10:07:00.000Z

[GBP@FXCM A0-FX] SELL AT 1.5905, Target=1.5861, Stop=1.5934

[GBP@FXCM A0-FX] STAR:fx Stop Met Alert

2010-02-01T09:58:00.001Z

[GBP@FXCM A0-FX] CLOSE POSITION AT 1.5934, Stop Met