Th., June 11 Forex signals

June 11, 2015 at 8:41 am

We sold short EURJPY today:

From: Dave Hughe <[email protected]>
Date: Thu, Jun 11, 2015 at 8:42 AM
Subject: New order
To:

EURJPY Sell 138.59 SL 139.21 P1= 138.36 P2= 138.16

Later the protective stop-loss was updated to 138.86:

From: Dave Hughe <[email protected]>
Date: Thu, Jun 11, 2015 at 10:43 AM
Subject: EURJPY SL 138.86
To:
As you can see, this trade resulted in a loss.

Forex Brokers. What’s the difference?

June 11, 2015 at 6:26 am

There are two general types of retail Forex brokers:

Dealing Desk Brokers

also called Market Makers, provide liquidity to the market by offering both buy and sell quotes (Bid and Ask) and taking the other side of the trade. That is the reason they are also called Market Makers. Dealing desk brokers do not charge commissions for trading. They add commissions to the spread in the form of extra pips added to the interbank quote (see also What Is A Spread? and What Is A Pip?).

No Dealing Desk Brokers

There are two types of No Dealing Desk brokers

Straight Through Processors (STP)

STP brokers connect traders with the interbank market. They collect quotes from multiple sources and present the trader with the best bid and ask prices adding some pips as their commission.

Electronic Communications Networks (ECN)

ECN brokers allow direct trading between all participants of their network. They do not alter the spreads and charge small commissions for each trade. The true ECN model eliminates conflict of interest that exists when brokers take the opposite side of the trade.

Wd., June 10 Forex signals

June 10, 2015 at 10:18 am

Forex signals triggered today:

From: Dave Hughe <[email protected]>
Date: Wed, Jun 10, 2015 at 6:09 AM
Subject: June 10
To:
EURGBP Sell 0.7299 SL 0.7231 P1= 0.7283 P2= 0.7265

 

From: Dave Hughe <[email protected]>
Date: Wed, Jun 10, 2015 at 9:19 AM
Subject: New order
To:
NZDUSD Buy 0.7202 SL 0.7169 P1= 0.7222 P2= 0.7242

Tu., June 9 Forex Signals Results: +44 pips

June 9, 2015 at 6:17 pm

We made two trades today. The AUDCAD trade was closed at break even prices. The USDCAD trade was closed with +44 pips profit:

USDCAD Sell 1.2364 SL 1.2411 P1= 1.2344 P2= 1.2324

BEST-FOREX-SIGNALS-USDCAD-JUN9

Tu., June 9 Forex signals

June 9, 2015 at 9:21 am

Today’s Forex signals:

From: Dave Hughe <[email protected]>
Date: Tue, Jun 9, 2015 at 6:17 AM
Subject: June 9
To:

AUDCAD Sell 0.9498 SL 0.9541 P1= 0.9478 P2= 0.9452

 

From: Dave Hughe <[email protected]>
Date: Tue, Jun 9, 2015 at 6:51 AM
Subject: New order
To:

USDCAD Sell 1.2364 SL 1.2411 P1= 1.2344 P2= 1.2324

Forex Trading Sessions

June 8, 2015 at 11:20 am

The Forex trading week starts with the opening of financial centers in New Zealand and Australia followed by Tokyo, Hong Kong and Singapore followed by Frankfurt and London followed by New York.

By the time the North American banks close for the day, the foreign exchange trading starts in New Zealand again. Therefore traders distinguish 3 major trading sessions: Asian, European and North American.

Asian Forex trading session:

The Asian trading session starts around 5:00 p.m. Eastern Standard Time with the opening of financial centers in Brisbane, New Zealand and ends around 2:00 a.m. Eastern Standard Time with the closing of financial centers in Tokyo, Japan.

European Forex trading session:

The European trading session starts around 1:00 am EST with the opening of financial centers in Frankfurt, Germany and ends around 10:00 a.m. EST with the closing of financial centers in London, UK.

North American Forex trading session:

The North American trading session starts and ends with the activity of financial centers in New York, USA. Their early activity starts around 6:00 a.m. EST and ends around 5:00 p.m. EST.

Forex Prime Time

The prime time in Forex is the time when European and North American trading sessions overlap, which is from 7:00 am until around noon Eastern Standard Time.

This is the busiest and the most liquid time of trading in Forex. The trading volume starts to decrease around 11 a.m. Eastern Standard Time. That is the reason we do not open new positions after that time.

Mo., June 8 Not much action this morning

June 8, 2015 at 10:40 am

Our Forex signal triggered today was this:

From: Dave Hughe <[email protected]>
Date: Mon, Jun 8, 2015 at 7:43 AM
Subject: New order
To:

EURGBP Buy 0.73205 SL 0.7289 P1= 0.7348 P2= 0.7368

June 6 Forex Signals End Of Week Results: +112 pips profit

June 6, 2015 at 3:15 pm

Our Forex signals made +112 pips of profit this week.

Fr., June 5 Forex signals

June 6, 2015 at 2:49 pm

There were no signals on Thursdays. On Friday we got mixed results trading USDCAD.

The first signals was to buy USDCAD at 1.2551.

The price reversed soon after we bought the pair and we bailed out of that trade gradually closing the first unit with a 12 pips loss and the other 2 units with 22 pips loss for each unit. These are the actual signal and the updates (the chart is shown below):

From: Dave Hughe <[email protected]>
Date: Fri, Jun 5, 2015 at 9:04 AM
Subject: New order
To:

USDCAD Buy 1.2551 SL 1.2499 P1= 1.2578 P2= 1.2593

From: Dave Hughe <[email protected]>
Date: Fri, Jun 5, 2015 at 9:37 AM
Subject: USDCAD SL 1.2529

From: Dave Hughe <[email protected]>
Date: Fri, Jun 5, 2015 at 9:44 AM
Subject: USDCAD 1st unit SL 1.2539

The second signal was to short USDCAD at 1.2496.

This trade worked fine reaching both profit targets. The first unit made +15 pips of profit. The second unit made +35 pips of profit and the third unit was stopped out at 1.2474 making+20 pips of profit. These are the actual signal with the final update:

From: Dave Hughe <[email protected]>
Date: Fri, Jun 5, 2015 at 10:18 AM
Subject: New order
To:

USDCAD Sell 1.2496 SL 1.2531 P1= 1.2481 P2= 1.2461

From: Dave Hughe <[email protected]>
Date: Fri, Jun 5, 2015 at 10:33 AM
Subject: USDCAD P2 reached, SL 1.2476

This is how these two trades looked on the chart:

Forex Signals USDCAD jun5

Wd., June 3 Forex signals results: Break even

June 5, 2015 at 8:48 am

We bought AUDCAD this morning:

From: Dave Hughe <[email protected]>
Date: Wed, Jun 3, 2015 at 8:57 AM
Subject: New order
To:

AUDCAD Buy 0.9705 SL 09649 P1= 0.9725 P2= 0.9544
The trade was not going as expected and we closed it a couple of pips higher than purchased.  Therefore the result is break even (see the chart below):
FOREX SIGNAL AUDCAD JUN3