myTradingWeek Posted June 9, 2010 Author Share Posted June 9, 2010 Overview of Predictions June 7 Prediction: GU is bearish in our eyes with resistances at 4465 and 4540…supports at 4410 and lower at 4360…Trend top level and scalp the rest… Results: 1. Long @ 4410, DD: – 15 pips; MP: 6 pips. This scalp trade got stopped out after going a little bit into profit. 2. Short @ 4465, DD: 1 pip; MP: 16 pips. This was a scalp trade that was closed at BE as price moved enough to move SL. 3. Short @ 4540, DD: 22 pips; MP: 100+ pips. This was our trend trade that that held up our SL and was closed at 2 PM EST for a 70 pip profit. Overall Profit/Loss: +55 Pips this month: +445 Link to comment Share on other sites More sharing options...
myTradingWeek Posted June 11, 2010 Author Share Posted June 11, 2010 Overview of Predictions June 8 Prediction: GU is still bearish to us with supports at 4455 and lower at 4410 with resistances at 4560 and higher up at 4605. Trend top level and scalp the rest… Results: 1. Long @ 4455, DD: 15 pips; MP: 0 pips. This scalp trade got stopped as negative news came our for GU. 2. Long @ 4410, DD: 15 pips ; MP: 9 pips. This scalp was also affected by a news move and got stopped for -15 Overall Profit/Loss: -30 Pips this Month: +415 Overview of Predictions June 9 Prediction: GU is still bearish with our longer term prediction which we posted last week is still at double bottom around 4230 area…our supports are at 4305 and lower at 4255…resistances at 4480/85(risky), 4505/10 and higher up at 4550/55…Trend top level and scalp the rest… 1. Short @ 4485, DD: 3 pips; MP: 50 pips. This was a scalp trade that we took 20 pips from… 2. Short @ 4505, DD: 5 pips, MP: 2o pips. The scalp trade gave a little more than 20 pips from the level we stated for a 20 pip trade. 3. Short @ 4550, DD: 0 pips; MP: 27 pips. This trend trade got stopped out for -25 pips as it didn’t give us enough green pips to put SL at BE. Overall Profit/Loss: +15 Pips this Month: +430 Link to comment Share on other sites More sharing options...
myTradingWeek Posted June 15, 2010 Author Share Posted June 15, 2010 Overview of Predictions June 10 Prediction: GU had a run up after hitting good support but is up against some h4 resistances…we are slightly bullish with 4605 being a key level, if this is broken then some move long is coming…we have resistances at 4605 and higher up at 4670, with supports at 4545/40 and lower at 4475/80 with a key level at 4450…Trend top and key level, scalp the rest… Results: 1. Short @ 4605, DD: 14 pips; MP: 40 pips. This was a scalp that missed our SL and hit TP for 20 pips. 2. Short @ 4670, DD: 25 pips; MP: 15 pips. This was a trend level that stopped us out for -25 pips. Overall Profit/Loss: -5 Pips this Month: +425 Overview of Predictions June 11 Prediction: Our outlook has turned bullish on GU after fibo bounce a few days ago (will post weekly overview on this) we have supports at 4645 and 4605/10 with resistances at 4760/65 and higher up at 4850 which will be a very strong resistances in our opinion. Trend long and scalp short….4850 could also be treated as a trend level… Results: 1. Short @ 4758, DD: 0 pips; MP: 200+ pips. This was our scalp level that we entered with our exception (price hit 4759 on our charts) and price quickly moved for a 30 pip profit. 2. Long @ 4645, DD: 25 pips; MP: 15 pips. This was our trend trade that stopped us out for a 25 pip loss… 3. Long @ 4605, DD: 25 pips; MP: 0 pips. This trend trade stopped us out as the market was in a big sell-off on Friday…(we noticed h1 candle formation on H1 TF after London open that there would be a major sell-off but we try not to change these levels…. Overall Profit/Loss: -20 pips Pips this Month: +405 Link to comment Share on other sites More sharing options...
myTradingWeek Posted June 16, 2010 Author Share Posted June 16, 2010 Overview of Predictions June 14 Prediction: GU is sightly bullish to us but still some down is possible…we have supports at 4615/20 and lower at 4550/55 with resistances at 4660 and higher up at 4690/95…scalp all levels… Results: 1. Short @ 4660, DD: 11 pips; MP: 22 pips. This was a scalp trade that gave us our 20 pip target even though it took a while…. 2. Short @ 4695, DD: 8 pips; MP: 12 pips. This scalp trade did not give us enough pips to move SL to BE and we got stopped out for -15 pips. Overall Profit/Loss: +5 Pips this Month: +410 Overview of Predictions June 15 Prediction: GU is still bullish with supports at 4690/95 and lower at 4620/25..with resistances at 4805 and higher up at 4850/55…scalp middle levels and trend top and bottom levels…. Results: 1. Long @ 4690, DD: 9 pips; MP: 100+ pips. This was a scalp trade that market moved from very nicely and was closed for a 25 pip profit even though market gave much more… 2. Short @ 4805, DD: 5 pips; MP: 45 pips. This was also a scalp level that was a positive trade that gave some good pips. Overall Profit/Loss: +50 Pips this Month: +460 Link to comment Share on other sites More sharing options...
myTradingWeek Posted June 21, 2010 Author Share Posted June 21, 2010 Overview of Predictions June 16 Prediction: Some news today that might quickly move the market…Price has slowed down but it is possible we touch a little higher with resistances at 4855 and higher up at 4880…supports at 4770/65 and lower at 4710…Scalp all levels….(careful at GBP news time) Results: 1. Long @ 4765, DD: 15 pips; MP: 10 pips. This was a scalp trade that was barely stopped out for -15 pips. 2. Short @ 4855, DD: 0 pips; MP: 100+ pips. This was a scalp trade that we stated yesterday that could be a trend trade if u hold this trade, we closed for a 30 pip profit as a max scalp trade take profit. Overall Profit/Loss: +15 Pips this Month: +475 Overview of Predictions June 17 Prediction: GU is looking bearish with supports at 4605 and lower at 4540…resistances are at 4685 and higher up at 4735… Trend top level…scalp the rest…. Results: 1. Short @ 4685, DD: 15 pips; MP: 0 pips. This was a negative scalp trade for -15. Note: Our other level came at news time and as this is a level trading style we stayed out of the market considering that the market spiked 40 pips in 1 minute… Overall Profit/Loss: -15 Pips this Month: +460 Link to comment Share on other sites More sharing options...
myTradingWeek Posted July 13, 2010 Author Share Posted July 13, 2010 Hello Traders, I stopped posting trades several weeks ago. In the month of June I made 525 pips. Starting today, I will start to post overviews of my previous day predictions. Overview of Predictions July 12 Prediction: GU is very bearish with support 4935/40 and lower 4900/4895 with resistances at 5015/20 and higher up at 5055/60..scalp long and trend short… Results: 1. Short @ 5015, DD: 25 pips; MP: 16 pips. This was a trend trade that hit our SL for -25 pips. 2. Short @ 5060, DD: 24 pips; MP: 65 pips. This was a trend trade that just missed our SL and was closed at 2 pm EST for a 50 pip profit. Note: If entry at the second trend level was at 5055 then SL had to cover 5060 level by 25 pips with your broker spread taken into account. Overall Profit/Loss: +25 Pips this Month: +65 Link to comment Share on other sites More sharing options...
myTradingWeek Posted July 16, 2010 Author Share Posted July 16, 2010 Overview of Predictions July 13 Prediction: GU is still short with supports at 4935/40 and lower at 4895/4900 with resistances at 5015 and higher up at 5060….trend top level and scalp the rest… Results: 1. Short @ 5015, DD: 5 pips; MP: 30 pips. This was a scalp trade that gave us 25 pips. 2. Short @ 5060, DD: 25 pips; MP: 6 pips. This trend trade hit our SL for a -25 pip trade as market reversed long. Overall Profit/Loss: 0 Pips this Month: +65 Overview of Predictions July 14 Prediction: GU is hitting some resistance on D1 with our resistances at 5230/35 and supports at 5180/75 and lower at 5125…scalp all levels… Results: 1. Short @ 5235, DD: 15 pips; MP: 0 pips. This was a scalp trade that hit our SL for -15 pips. Overall Profit/Loss: -15 Pips this Month: +50 Overview of Predictions July 15 Prediction: GU slowly climbing north and is bullish to us with supports at 5235/40 and lower at 5210/15 with resistances at 5290 and higher up at 5340…scalp all levels… Results: 1. Short @ 5290, DD: 15 pips; MP: 14 pips. This trade just missed enough pips to move SL to BE and then we were stopped out for -15 pips. 2. Short @ 5339, DD: 0 pips; MP: 29 pips. This was another scalp trade that we entered with our exception (2 pips on scalp trades) and was closed for a 20 pip profit. Overall Profit/Loss: +5 Pips this Month: +55 Link to comment Share on other sites More sharing options...
myTradingWeek Posted July 20, 2010 Author Share Posted July 20, 2010 Overview of Predictions July 19 Prediction: GU is still bouncing on a fibo like it wants to test 5470 area (ABCD Fibo) also daily candle pattern is a bearish pattern for us…we have support at 5235/40 and lower at 5205 with resistance at 5350 and higher up at 5390/95…trend bottom level and scalp the rest…. Results: 1. Short @ 5350, DD: 1 pip; MP: 90+ pips. This was a scalp level that price just touched and moved from for a 30 pip profit. 2. Long @ 5240, DD: 1 pip; MP: 18 pips. This was another scalp level that went 18 pips from our price into plus and then was stopped out at BE. 3. Long @ 5205, DD: 3 pips; MP: 35 pips. This was our trend trade that was closed at 2 pm EST for a profit of 30 pips. Overall Profit/Loss: +60 Pips this Month: +115 Link to comment Share on other sites More sharing options...
myTradingWeek Posted July 21, 2010 Author Share Posted July 21, 2010 Overview of Predictions July 20 Prediction: GU is bullish and we see price climbing to double top (5470) for now… we have supports at 5235/40 and lower at 5150 with resistance at 5350/55…trend bottom level and scalp the rest… Results: 1. Long @ 5152, DD: 0 pips; MP: 150 pips. This was a trend trade that entry was with exception (4 pips for trend trades) and closed at 2 pm EST for a 140 pip profit… Note: First scalp trade was ignored because it came at news time and was a strong spike. Overall Profit/Loss: +140 Pips this Month: +255 Link to comment Share on other sites More sharing options...
myTradingWeek Posted August 3, 2010 Author Share Posted August 3, 2010 Dear traders, I had another great month and made 290 pips in July. During the months from February to July, I posted predictions for GBP/USD currency. At this point, I am only posting overview of yesterday’s prediction. My analysis and signals are now a paid service. If you want to sign up or receive more information, please visit my website at forexfocustime. Link to comment Share on other sites More sharing options...
myTradingWeek Posted August 4, 2010 Author Share Posted August 4, 2010 Overview of Predictions August 2 Prediction: GU trend is still long but we are not sure how much longer this can last since we are hitting some D1/WK resistance levels..we have resistances at 5750 and higher up at 5795/5800, with supports at 5665/70 and lower at 5595/5600…Scalp all levels… Results: 1. Short @ 5750, DD: 15 pips; MP: 7 pips. This was a negative scalp trade as market continued trending long. 2. Short @ 5800, DD: 6 pips; MP: 17 pips. This scalp trade was stopped at BE after moving 15+ pips in the green and SL moved. Overall Profit/Loss: -15 Pips this Month: -15 Overview of Predictions August 3 Prediction: GU still continuing its bull run up, for now there is signs of slowing…we have resistances at 5930/35 and higher up at 5965/70 with supports at 5885/90 and lower at 5790…..trend bottom level and scalp all others… Results: 1. Short @ 5930, DD: 15 pips; MP: 0 pips. This was our scalp trade that we were stopped out for -15 pips. 2. Short @ 5964, DD: 0 pips; MP: 65 pips. This trade was taken with an exception (2 pip exception on scalp trades) and quickly moved for a 30 pip profit. NOTE: This trade could have been taken later with the same results as market did not want to pass this level. 3. Long @ 5890, DD: 1 pip; MP: 65 pips. This was also a scalp trade that quickly moved into the green and we took 30 pips. NOTE: The reason why some trades are held for bigger TP is because if market is quickly moving when hitting our level then there is a high probability that the trade will give good pips. Overall Profit/Loss: +45 Pips this Month: +30 Link to comment Share on other sites More sharing options...
myTradingWeek Posted August 9, 2010 Author Share Posted August 9, 2010 Overview of Predictions August 4 Prediction: GU is slowing this uptrend at 61% D1 fibo level…we have our resistances at 5960/65 and higher up at 5990/95 with supports at 5870 and lower at 5805/10….Scalp all levels… Results: 1. Short @ 5960, DD: 0 pips; MP: 100+ pips. This was our scalp level on which we took 30 pips as price quickly moved from this level when it was hit. 2. Long @ 5870, DD: 8 pips; MP: 25 pips. This was also a scalp level where price action was very stagnant and trade was closed for a 20 pip profit. Overall Profit/Loss: +50 Pips this Month: +80 Overview of Predictions August 5 Prediction: GU is starting to turn at 61% D1 fibo (5968) so our outlook is more bearish now with today’s resistances at 5925/30 and higher up at 5955/60, supports are at 5865/70 and lower at 5810/15…Trend short (from resistances) and scalp long (from supports)… There is some rate cut news on GBP so try avoiding these times (look up news times at Forexfactory.com) Results: 1. Long @ 5870, DD: 15 pips; MP: 0 pips. This scalp trade was quickly stopped out as market starting to move down for a -15 pip loss. 2. Short @ 5923, DD: 0 pips; MP: 100+ pips. This was our trend trade that was entered with an exception (4 pip exception for trend trades) and just missed our bottom support on which we should close this trade and then was closed at 2 pm EST for a 50 pip profit. Overall Profit/Loss: +35 Pips this Month: +115 Link to comment Share on other sites More sharing options...
myTradingWeek Posted August 11, 2010 Author Share Posted August 11, 2010 Overview of Predictions August 9 Prediction: GU is running into a phsyco level at 1.60 so price is stagnant…we have our resistance at 1.6025/30 and supports at 5935/40 and lower at 5825/30…Scalp all levels… Results: 1. Long @ 5935, DD: 5 pips; MP: 35 pips. On this scalp level the market quickly pushed us into the green and we took 25 pips in this trade. Overall Profit/Loss: +25 Pips this Month: +140 Overview of Predictions August 10 Prediction: Our GU outlook is bearish with resistances at 5825/30 and higher up at 5860/65 with 5890 also a resistance…supports are at 5775/80 and lower at 5720/25….Trend top and bottom levels and scalp middle levels… Results: 1. Short @ 5825, DD: 0 pips; MP: 100+ pips. This was a scalp trade that moved for 30 pips in a few minutes 2. Long @ 5780, DD: 15 pips; MP: 0 pips. This was a negative scalp trade as price earlier did not touch by 5 pips and then broke through at second attempt at this level for a negative trade. 3. Long @ 5720, DD: 11 pips; MP: 75 pips. This was our trend level from which we hold trade to last resistance level marked (5890). This trade was closed at 2 pm EST right before price spiked to our resistance but following the rules is always the better way to go in trade. Overall Profit/Loss: +90 Pips this Month: +230 Link to comment Share on other sites More sharing options...
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