AUD NZD 200 PIPS BEARSIH OR 150 PIPS BULLISH - quantum forex trading system

AUD NZD 200 PIPS BEARSIH OR 150 PIPS BULLISH ~ quantum forex trading system

Consolidation has been the name of the game in the Currency Market for most of 2014 and the AUD NZD has faithfully played its role in this regard. A large 300- Pip Pennant can now be seen following a nearly 3-year downtrend that started in 2011. Within the next few days, we will see either a continuation of this pattern with a Bearish break down to Support or a Bullish move that starts a new Uptrend towards the major Outer Downtrend Line.

The strong decline in the AUD NZD started from the high of 1,3794 in March 2011 to eventually end at the low of 1,0491 in January 2014. In the process, it created an Inner and Outer Trend Line as the market accelerated in the latter part of the downtrend before ending with the current Pennant formation.

DAILY CHART

This Pennant can be seen more closely on the next chart where a small Range has also been formed at the Resistance.

DAILY CHART

At this point, the currency pair could continue to move within the boundaries of the Pennant. This would require a break of this small Range to start the downtrend that carries us to the Support area at 1,0662.

DAILY CHART

The move could take approximately 6 to 10 days and offer traders between 100-250 Pips in gains. Given that it would start with a break of a small Consolidation, however, the trend could actually move very quickly, reaching that Support target in only 3-4 days.

In the Bullish scenario, a breakout above the Resistance of the Range would start a strong breakout that sees the Aussie rally a few hundred pips heading into September.

DAILY CHART

The first target to be hit would be the Weekly Range (WR) followed  by the Breakout Equivalent (BE) of the Range. This rally could also take fewer than 6 days to hit those price points and give the trader close to 150 Pips in gains. Following this stage, the market is likely to pause once more before continuing much higher to the larger target of the Outer Downtrend Line of the previous trend. 

Breaks of Inner Trend Lines usually lead to moves towards Outer Trend Lines as long as the setups to start these trends are strong enough. Given the size of the current Pennant Consolidation formed over an 8-Month period, it would only be a matter of time before that Outer Downtrend Line is hit.

Bullish or Bearish, stay sharp and patient fellow traders and large profits will be yours once more.

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Duane Shepherd 

(M.Sc. Economics, B.Sc. Management and Economics)

Currency Analyst/Trader

Contact: shepherdduane@gmail.com

Twitter: @WorldWide876

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EURO JPY 300 PIP RALLY IN A FEW DAYS - forex power trading system

EURO JPY 300 PIP RALLY IN A FEW DAYS ~ forex power trading system

The EURO JPY looks to be about to form the Support boundary of a very large Pennant on the Daily Chart. After ending a very long Uptrend and breaking the Inner Uptrend Line, it has been gradually moving sideways towards the Outer Uptrend Line. We also see what appears to be the start of a Double Bottom formation. If there is a bullish move that breaks the current Downtrend Line, then a rally to the Resistance of this Pennant could take place towards the end of this month.

The chart below shows the Inner and Uptrend Lines of the major Uptrend. The end of long trends usually leads to the break of the Inner Trend Line and a gradual drift towards the Outer Trend Line.


DAILY CHART

From here, the currency could continue to move sideways until it breaks the Outer Uptrend Line to start a Downtrend or rally to continue the main Uptrend. As it moves sideways to reflect the low trading activity across the Forex market, it could rally in the short-term to complete the formation of a large Pennant. The Resistance has already been formed and is now ´awaiting` the 2nd Support price point.

DAILY CHART

This rally could start with a break of the Downtrend Line that would also complete a pair of Double Bottoms. This would be enough of a signal to justify trading long towards Resistance, a little less than 300 Pips away.

If these Double Bottoms are formed with a strong Bull Candle to break the Downtrend Line, entry can take place either immediately or with a follow-up signal on the 4 Hour Chart. This, of course, will depend on the patterns we see on both time frames relative to the rules established for trading these setups.

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Twitter: @WorldWide876

Facebook: DRFXTRADING 

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EURO TRADE UP 200 PIPS ON NFP NUMBERS - open source forex trading system

EURO TRADE UP 200 PIPS ON NFP NUMBERS ~ open source forex trading system

The dreaded Non-Farm Payroll (NFP) Employment Change was released today and led to the sharp and volatile movements normally feared during this major Fundamental announcement. The employment data, which was positive for the US Labour Market, led to sharp gains of 100 Pips and 80 Pips against the Euro and Swiss Franc, respectively, within 2 hours of the release. Lucky Day Traders may have got some or even all of this movement if they had correctly guessed the short-term reaction of the market. However, those who were already in long-term trades based on the major trends of these two pairs, would have comfortably avoided this volatility on their way to even larger trading gains.


The number of persons employed in the United States increased by 248,000 in September, translating to a welcomed decline in the Unemployment Rate to 5.9% from 6.1%. The increase was also more than the forecast 216,000 and the previous figure of 186,000 for August. Naturally, the reaction to these numbers was sharp, positive and immediate for the US Dollar.  


EURO USD- 30 MINUTE CHART

 USD CHF - 30 MINUTE CHART

On the Euro pair, one could have anticipated this movement with a short position placed before the announcement, since the forecast was for an improvement in the numbers. Similarly, there was already a start to the breakout from that Pennant on the USD CHF which the trader could may have used as a sign to enter long. Nevertheless, given the history of these and other currency pairs reacting in contrast to the economic data-especially for the NFP-the trader may have had some doubt about the actual direction of the market.  

Past trading losses from this and other fundamental data may have also increased the anxiety about trading altogether, inclusive of how much to get from the trade - 30 Pips, 50 Pips, 10 Pips? Complicating matters for USD CHF traders would have been the weak candle that started this breakout- a weak breakout that often leads to False Consolidation Breakouts.



USD CHF - 30 MINUTE CHART

 



In contrast to these difficulties, long-term traders would have already been in trades based on the larger patterns and trends on these pairs. 

The EURO USD was always expected to continue bearish regardless of a single monthly economic data point. A wider view of the Daily Chart reveals that the pair had been in a sharp downtrend since May this year when it turned at the Resistance of the large Pennant Consolidation. 

 
EURO USD - PENNANT CONSOLIDATION

Similarly, the USD CHF was continuing a sharp rally towards a major Outer Downtrend Line after breaking above the Inner Downtrend Line in August.


USD CHF - SHARP RALLY TO TREND LINE

 






















Within this context, a short trade on the EURO USD could have been opened using the most recent bearish signals on the Daily and 4 Hour Charts. The Daily Chart had already broken a Counter Trend Line (CTL), while the 4 Hour Chart followed up with a bearish breakout from a Pennant.


DAILY CHART

 



















4 HOUR CHART

 

 





















Entry took place after the breakout, with the Stop Loss set above the Resistance of the Pennant. As you can see here, additional entry points were also possible to add to that position. The inversely correlated USD CHF provided a similar Pennant breakout setup on its 4H Chart.


4 HOUR CHART

The Stop Loss was placed below the Support with the target set for that major Trend Line target. After 7 day patient days, the target was finally hit.


DAILY CHART

 




















For the EURO USD, however, the target at Support is likely to take a much longer time. With 150 Pips left in this trade, we could see this area hit by the end of the upcoming week.


DAILY CHART

The larger trends and setups on the Daily and 4 Hour Charts provide bigger profits with less volatility and trading stress relative to the Smaller Time Frames. Short-term reactions to important but inconsistent Economic reports have very little bearing on the main direction and targets of the larger charts. With the greater stability and clarity of these trends, Retail Traders can therefore hold on to profitable trades for a much longer period with greater confidence that their analysis and patience will be significantly rewarded.



MAIN TECHNICAL POINTS

• Counter Trend Lines -  (SECTION 3 - CURRENCY PATTERNS & MARKET DIRECTION)

• Downtrend Lines - (SECTION 3 - CURRENCY PATTERNS & MARKET DIRECTION)

• Breakouts - (SECTION 4 - MARKET DYNAMICS - TRENDS & CONSOLIDATION)

• Stop Loss Placements - (SECTION 6 - TRADING PLAN - EXIT & ENTRY RULES)

• Weekly Ranges - (SECTION 3 - CURRENCY PATTERNS & MARKET DIRECTION)

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RECENT EMAIL FROM CLIENT

____________________________________________________

SUBSCRIBE TODAY

____________________________________________________

US$120.00

Free 

 ___________________________________________

Duane Shepherd 

(M.Sc. Economics, B.Sc. Management and Economics)

Currency Analyst/Trader

Contact: shepherdduane@gmail.com

Twitter: @WorldWide876

Facebook: DRFXTRADING 

More info for EURO TRADE UP 200 PIPS ON NFP NUMBERS ~ open source forex trading system:

76 PIP CHF JPY TRADE 100 RETURN BECKONS - forex binary options trading system omni11

76 PIP CHF JPY TRADE 100 RETURN BECKONS ~ forex binary options trading system omni11

This trade took advantage of the False Breakout on the Pennant of the Daily Chart, following a short-lived Bullish breakout.  It provided a gain of 76 Pips over 4 Days as the pair returned inside of the large Consolidation on its way to the Support boundary. This latest trade was added confirmation of the accuracy of my Methodology which continues to produce above average trading gains. A Demo Account, which was opened in October (up 4%), now tracks my Live Account and will demonstrate how a 100% return is possible by January 2015 with only a small number of trades.

There was an initial breakout long above the Resistance of the CHF JPY Pennant that pointed to the start of sharp gains for the Swiss Franc. It was expected to mirror the gains for the US Dollar against the Japanese Yen, following a Range breakout of 700 Pips. 

DAILY CHART- USD JPY BREAKOUT

The Pennant setup on the CHF JPY was much larger in comparison and was also in an Uptrend. As such, when the Bull Candle breakout signal appeared above its Resistance, the distance of the breakout was expected to be much greater.

DAILY CHART- CHF JPY PENNANT

DAILY CHART- CHF JPY BREAKOUT

As tempting as this appeared to be, there were two important Technical Factors that mitigated against entry;

 

1. The Breakout Signal was a Large Candle 
• (Weekly Technical Notes - August 25-29, 2014 & October 13-17, 2014)
 
2. The Weekly Range was hit 
• (Section 4 - Trading Manual)

Given these reasons, a pullback was expected and we needed to wait on another signal to resume the breakout. Instead of this, however, the pair became volatile and eventually reversed to start the False Breakout back inside of the Pennant. 


DAILY CHART - CHF JPY FALSE BREAKOUT 

With this turn and the Bearish signal given, the pair was expected to decline towards the Support once more. Entry then took place at a Counter Trend Line break signal on the 4 Hour Chart, with the Stop Loss placed above the high and the Limit set to the Near-End Value of the Pennant (Section 6 - Trading Manual).

4 HOUR CHART- ENTRY SETUP

ENTRY SHEET SETUP (As Sent to Subscribers)

  

ENTRY DATE	TODAY, OCTOBER 6, 2014
ENTRY TIME	NOW
ENTRY PRICE (LOWEST PRICE)	113,20
STOP LOSS	114,07
LIMIT ORDER	112,20
HOLDING PERIOD / FINAL DAY	4 DAYS-  FRIDAY OCT.10, 2014
DAILY TIME CHECK	21 00 GMT

At the end of the established Holding Period, the trade had not yet reached the Near End Value and thus had to be closed for 76 Pips instead of the targeted 100 Pips. 


DAILY CHART- CHF JPY TRADE EXIT

DAILY CHART - LIVE ACCOUNT RESULT

9-Pip Loss due to initial uncertainty about Trade Setup vis-a-vis Methodology

  

With this result, the Demo Account generated its first win of just handful of trades needed for a 100% over the next few months.

PROJECTED RETURN

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SUBSCRIBERS NOW UP 53 WITH 200 PIP AUD NZD TRADE - netwave forex trading system

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SUBSCRIBERS NOW UP 53 WITH 200 PIP AUD NZD TRADE ~ netwave forex trading system

This latest 200-Pip gain involved a Consolidation Breakout trade from a Range setup on the Daily Chart of this Aussie pair. The Support boundary was initial broken with a weak Bearish Candle but was soon followed by a stronger U-Turn Signal that indicated the resumption of the breakout. Having determined that the overall setups on the Daily and 4 Hour Charts were in sync with the Methodology’s criteria, the trade was executed on Sunday March 29, 2015. After only a few days, the target was subsequently hit within the established holding period to push the overall return for Subscribers to 53% from only 12 trades, generating 868 Pips along the way.

Apart from the strong trading profit that Subscribers would have enjoyed on their Retail and Institutional Trading Accounts, the sharp Bullish Reversal in the market a day later would have provided them with additional reassurance about the accuracy of the Methodology. With Consolidation Breakouts, there is a greater tendency to hold out for a greater number of Pips than the market is offering given the larger Pip ranges of these breakouts. However, once the rules of the strategy are always followed, a consistent rate of growth will continue to be accrued on your portfolio in the months and years to come, with few market surprises.

GENERAL MARKET PATTERN

The over direction of the pair has been predominantly bearish since March of 2011. There have been brief periods of Consolidation that may have led to a reversal but the bears eventually take control and have provided significant gains for the Kiwi against its major trading partner’s currency. As with all trends that have lasted for several years, Long-Term, Outer and Inner Trend Lines tend to be formed.

DAILY CHART - STRONG DOWNTREND & CONSOLIDATION BREAKOUT

Given the strength of this downtrend and the start of the breakout from the Large Pennant, it was no surprise that the most recent Consolidation setup would be broken short. This would come in the form of an Evening Star Candlestick Formation as the market rallied and U-Turned after testing the Support boundary of the Range.

DAILY CHART - RANGE SETUP TO RESUME BREAKOUT

After determining that the setup of this trade conformed to the parameters set out in the Trade Sheet for Consolidation Breakouts...

TRADE SHEET CHECK LIST 

... a Trade Setup was circulated to Subscribers with details on the Entry, Stop Loss and Limit Orders using the 4 Hour Chart...

4 HOUR CHART - ENTRY & STOP LOSS SETUPS 

4 HOUR CHART - TRADE TARGET SETUP

After 6 patient days, the target was eventually hit on Sunday April 5th.

DAILY CHART - TARGET FINALLY HIT

This  trade pushed the Return for Subscribers to 53% and 40% on the Demo Account that tracks the trades sent to Subscribers (behind by 3 trades).

RATE OF RETURN FOR SUBSCRIBERS

(Assumes a starting capital of US$ 5000 for a Subscriber; Only 4 Trades Remain for a 100% Return; 105 Pips and 150 Pips Avg. Stops and Limits as per Methodology)

RATE OF RETURN ON FXCM ACCOUNT 

  

FXCM INDIVIDUAL TRADE RESULTS

(http://www.myfxbook.com/members/DRFXTRADING/duane/1079693)

Relative to the recent performance of the top 10 Currency Traders,

CURRENCY TRADERS MANAGING MORE THAN US$10 MILLION

 AS OF FEBRUARY 2015

Names of CTAs withheld to comply with Redistribution Terms of BarclayHedge

...and the 2nd Best Trader between 2008 and 2013 ranked by BarclayHedge Currency Index...

RATES OF RETURN OF JARRATT DAVIS 

http://www.jarrattdavis.com/

 ...these Subscribers continue to surpass them with room to spare.

Most of these profitable trades have been the result of accurate trade targets being set according to the setup presented. These exit points generally coincide with major price point areas that lead to strong pullbacks in the market over subsequent days. This recent trade was another example of the reversals that take place at these areas and the need to adhere to the guidelines for exit, regardless of the number of Pips.

Within a few days, the market rallied sharply to close Tuesday’s US trading session with a strong Bullish Candlestick Formation (reaction to the Interest Rate decision and Statement by the Reserve Bank of Australia). This would have eroded most of that 200 Pips had we chosen to hold out for more.

DAILY CHART - SHARP TREND REVERSAL SIGNAL

30 MINUTE CHART

The reversal seen on the Daily Chart is one of the signals given by the market to indicate the end of the Consolidation Breakout.

There is nothing more frustrating than coming back to the charts to see a perfectly good trade taken out by these reversals, especially if it begins a few Pips ahead of our intended trade target. This is why the following exit points were identified and discovered to be the best way to maximize on these trades while staying away from these “surprises”;

• Resistance/Support Boundaries;
• The Breakout Equivalent;
• The 200-Pip Maximum (where possible);
• The Weekly Range;
• The Monthly Range;

The choice of targets ultimately depends on whether we are trading a Trending or Consolidating market and the size of the Consolidation Pattern in question. So long as these are chosen appropriately on each occasion, these market surprises will be the exception with large Pip gains such as these becoming the RULE in your trading.

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