Forex Trade Alert for EUR/AUD
Trade Alert for Thursday Jul 03, 2008.
On Jul-03-2008 a candlestick formation confirmed a sell signal. A sell signal was also confirmed when this currency pair closed below 1.6362 on Jul-03-2008. 4xgenie Action: ==> Sell this pair at 1.6330. Stop at 1.6593. Wave 5 could drop down to 1.6046 or to 1.5752. The market closed below the middle fibonacci fan line. Prices should find support on the bottom fan line. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here! The CCI has crossed below 100. Look for falling prices soon.
Next Day Trading Ranges for Thursday Jul 03, 2008.
The 20 day moving average of the daily trading range is 143 pips and the 60 day moving average of the daily trading range is 151 pips. This shows that volatility has decreased in the short term. The percentage of downdays when the open/high ratio is less than 25% is 47.50 percent. This means that if this currency pair does not rise more than 36 pips from the opening price then there is a 47.50 percent chance that this will be an downday.
Monthly Pivots.
The [R3] or the most extreme high trading range is 1.6691.
The [R2] or the extreme high trading range is 1.6616.
The [R1] or the high trading range is 1.6483.
The [P] or pivot point is 1.6408.
The [S1] or the low trading range is 1.6275.
The [S2] or the extreme low trading range is 1.6200.
The [S3] or the most extreme low trading range is 1.6067.
Next Day Alternate Stops for Thursday Jul 03, 2008.
The red line to the right on your chart is an extreme support or resistence level for the next trading day.
A good alternative stop is one which is placed just beyond this extreme support/resistance level.
In this particular case if the price rises above 1.6616 then that would show momentum against ForexGenie’s short position and that would be a break out to the upside.
Please Note: These support/resistance levels are calculated by using the previous day’s trading range. Normal volatility may cause a breakout of this value once every 4 or 5 days when prices consolidate.
Alternate stop: 1.64
Current Day Trading Session:
New momentum to the downside has just started.
Next Day Trading Session:
If the next day’s close is above 1.6468 then that could be a sign that the current downward momentum is reversing.
REMEMBER: NEWS OVERRIDES TECHNICAL ANALYSES !!!!!!!!
FOREXGENIE
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Forex Trade Alert for GBP/JPY UPDATE.
FOREX OUTLOOK FOR CURRENCY PAIR GBP/JPY.
<Forex Trade Alert for Wednesday Jul 02, 2008>
There has been no signal to enter the market at this time. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!
Important Notice:
When trading it is important to know your risks. If you have only been trading for a short time it is highly recommended that you start with a demo account first. Forex trading is highly risky and normally it takes 3 - 5 years to become a successful forex trader. Only risk that which you can easily afford to lose. Forex trading is not a get rich quick scheme, but if managed carefully, it is an excellent investment.
REMEMBER: NEWS OVERRIDES TECHNICAL ANALYSES !!!!!!!!
http://www.4xgenie.com/News_Charts.html
Next Day Trading Ranges for Wednesday Jul 02, 2008.
The 20 day moving average of the daily trading range is 185 Pips and the 60 day moving average of the daily trading range is 233 pips. This shows that volatility has decreased in the short term. The percentage of updays when the open/low ratio is less than 25% is 48.97 percent. This means that if this currency pair GBP/JPY does not drop more than 46 Pips from the opening price then there is a 48.97 percent chance that this will be an upday.
Monthly Pivots
The [R3] or the most extreme high trading range is 213.00.
The [R2] or the extreme high trading range is 212.54.
The [R1] or the high trading range is 211.75.
The [P] or pivot point is 211.29.
The [S1] or the low trading range is 210.50.
The [S2] or the extreme low trading range is 210.04.
The [S3] or the most extreme low trading range is 209.25.
Next Day Alternate Stops for Wednesday Jul 02, 2008.
ForexGenie is not currently in a trade.
Current Day Trading Session:
No signs of upward momentum at this time.
Next Day Trading Session:
If the next day’s close is above 212.49 then that could be a sign that new upward momentum is beginning.
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Forex Trade Alert for GBP/USD.
< Forex Trade Alert for Wednesday Jul 02, 2008>
On Jul-02-2008 a candlestick formation confirmed a sell signal. ForexGenie Action: ==> Sell this currency pair gbp/usd 1.9841. Stop at 2.0021. Wave 3 could drop down to 1.9435 or to 1.9115. NOTE: The width of the Bollinger Bands is expanding which indicates that prices are trending. The CCI is above 100. This currency pair is overbought at this time.
Next Day Trading Ranges for Wednesday Jul 02, 2008.
The 20 day moving average of the daily trading range is 154 pips and the 60 day moving average of the daily trading range is 162 pips. This shows that volatility has decreased in the short term. The percentage of downdays when the open/high ratio is less than 25% is 64.89 percent. This means that if this currency pair GBP/USD does not rise more than 39 pips from the opening price then there is a 64.89 percent chance that this will be an downday.
Monthly Pivots
The [R3] or the most extreme high trading range is 2.0117.
The [R2] or the extreme high trading range is 2.0046.
The [R1] or the high trading range is 1.9989.
The [P] or pivot point is 1.9918.
The [S1] or the low trading range is 1.9861.
The [S2] or the extreme low trading range is 1.9790.
The [S3] or the most extreme low trading range is 1.9733.
Next Day Alternate Stops for Wednesday Jul 02, 2008
The red line to the right on your chart is an extreme support or resistence level for the next trading day.
A good alternative stop is one which is placed just beyond this extreme support/resistance level.
In this particular case if the price rises above 2.0046 then that would show momentum against ForexGenie’s short position and that would be a break out to the upside.
Please Note: These support/resistance levels are calculated by using the previous day’s trading range. Normal volatility may cause a breakout of this value once every 4 or 5 days when prices consolidate.
Current Day Trading Session:
No signs of downward momentum at this time.
Next Day Trading Session:
If the next day’s close is below 1.97717 then that could be a sign that new downward momentum is beginning.
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FOREX Trade Alert for - Symbol EUR/GBP.
FOREX Trade Alert for Wednesday, July 02, 2008.
STRADDLE SETUP.
On July-02-2008 Proprietary indicator confirmed a STRADDLE SETUP. 4xGenie Action: ==> Place 2 seperate limit orders simultaneosly. First order is for buy only, with a stop and limit provided. Second order is for sell only, with a stop and limit provided. Only one order will be executed. Make sure to cancel the other order once you see that other is executed. Orders are good till one order is executed.
Pattern Type : Symmetrical Triangle
Expectations : Trend Continuation if the currancy pair breaks or gaps above the resistance line (top trend line),
or breaks or gaps below the support line (bottom trend line).
Description : Currency Pair prices run between two trend lines that approach each other. The trend lines slopes are almost perfectly opposite to each other.
First Order EUR/GBP BUY.
BUY at 0.7970.
STOP at 0.7867.
PAY YOURSELF FIRST 1/3 OFF at 0.8032 and MOVE STOP TO 0.7975.
BUY TARGET at 0.8087.
Second Order EUR/GBP SELL.
SELL at 0.7867.
STOP at 0.7970.
PAY YOURSELF FIRST 1/3 OFF at 0.7830 and MOVE STOP TO 0.7862.
SELL TARGET at 0.7761.
Next Day Trading Ranges for Wednesday July 02, 2008.The 20 day moving average of the daily trading range is 61 pips and the 60 day moving average of the daily trading range is 67. This shows that volatility has decreased in the short term. The percentage of updays when the open/low ratio is less than 25% is 76.19 percent. This means that if this forex currency pair EUR/GBP does not drop more than 15 pips from the opening price then there is a 76.19 percent chance that this will be an upday.
MONTHLY PIVOTS POINTS.
The [R3] or the most extreme high trading range is 0.8001.
The [R2] or the extreme high trading range is 0.7965.
The [R1] or the high trading range is 0.7942.
The [P] or pivot point is 0.7906.
The [S1] or the low trading range is 0.7883.
The [S2] or the extreme low trading range is 0.7847.
The [S3] or the most extreme low trading range is 0.7824.
Next Day Trading Session:
If the next day’s close is below 0.79317 then that could be a sign that the current upward momentum is reversing.
FOREXGENIE
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Forex Trade Alert for - Symbol USD/CAD.
Forex Trade Alert for Monday Jun 30, 2008.
On Jun-30-2008 a candlestick formation confirmed a buy signal. A buy signal was also confirmed when this currecy pair closed above 1.0189 on Jun-30-2008. 4xgenie Action: ==> Buy this currancy pair USD/CAD at 1.0228. Stop at 1.0045. Wave 3 could rise up to 1.0553 or to 1.0744. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!
MONTHLY PIVOT ALERT: Resistance level of 1.0177 was broken today. When the monthly R1 ( resistance level 1 ) is broken - we can look for a possible rise to the monthly R2 ( resistance level 2).
Next Day Trading Ranges for Monday Jun 30, 2008.
The 20 day moving average of the daily trading range is 86 PIPS and the 60 day moving average of the daily trading range is 95 PIPS. This shows that volatility has decreased in the short term. The percentage of updays when the open/low ratio is less than 25% is 48.87 percent. This means that if this currency pair USD/CAD does not drop more than 22 PIPS from the opening price then there is a 48.87 percent chance that this will be an upday.
The [R3] or the most extreme high trading range is 1.0411.
The [R2] or the extreme high trading range is 1.0314.
The [R1] or the high trading range is 1.0258.
The [P] or pivot point is 1.0161.
The [S1] or the low trading range is 1.0105.
The [S2] or the extreme low trading range is 1.0008.
The [S3] or the most extreme low trading range is 0.9952.
Next Day Alternate Stops for Monday Jun 30, 2008.
The green line to the right on your chart is an extreme support or resistence level for the next trading day.
A good alternative stop is one which is placed just beyond this extreme support/resistance level.
In this particular case if the price drops below 1.0008 then that would show momentum against 4xgenie’s long position and that would be a break out to the downside.
Please Note: These support/resistance levels are calculated by using the previous day’s trading range. Normal volatility may cause a breakout of this value once every 4 or 5 days when prices consolidate.
Current Day Trading Session:
New momentum to the upside has just started.
Next Day Trading Session:
If the next day’s close is below 1.00837 then that could be a sign that the current upward momentum is reversing.
4xgenie.com
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Forex Trade Alert for - Symbol GBP/JPY.
Forex Trade Alert for Thursday Jun 26, 2008.
The fourth wave may be near completion. Look for a fifth wave to form soon. We are trying to cash in.
On Jun-26-2008 a candlestick formation confirmed a sell signal. 4xGenie Action: ==> Sell this Pair at 106.46. Stop at 108.71. Wave 4 could drop down to 105.15 or to 102.84. NOTE: The width of the Bollinger Bands is expanding which indicates that prices are trending. The CCI is above 100. This Pair USD/JPY is overbought at this time.
Next Day Trading Ranges for Thursday Jun 26, 2008.
The 20 day moving average of the daily trading range is 106 pips and the 60 day moving average of the daily trading range is 115 pips. This shows that volatility has decreased in the short term. The percentage of updays when the open/low ratio is less than 25% is 61.54 percent. This means that if this currency pair usd/jpy does not drop more than 26 pips from the opening price then there is a 61.54 percent chance that this will be an upday.
Monthly Pivots Points.
The [R3] or the most extreme high trading range is 109.37.
The [R2] or the extreme high trading range is 108.78.
The [R1] or the high trading range is 107.80.
The [P] or pivot point is 107.21.
The [S1] or the low trading range is 106.23.
The [S2] or the extreme low trading range is 105.64.
The [S3] or the most extreme low trading range is 104.66.
Next Day Alternate Stops for Thursday Jun 26, 2008.
The red line to the right on your chart is an extreme support or resistence level for the next trading day.
A good alternative stop is one which is placed just beyond this extreme support/resistance level.
In this particular case if the price rises above 108.15 then that would show momentum against 4xGENIE‘S short position and that would be a break out to the upside.
Current Day Trading Session:
No signs of downward momentum at this time.
Next Day Trading Session:
If the next day’s close is below 106.46 then that could be a sign that new downward momentum is beginning.
4xgenie.com
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Forex Trade Alert for - Symbol EUR/JPY.
Forex Trade Alert for Wednesday, Jun 25, 2008.
Forex UPDATE.
EUR/JPY - SETUP for All Time HIGH !!
Market is holding above the 164.98 level.On May-13-2008 We Call to BUY currency pair EUR/JPY at 161.50 (+700 pips). 4xgenie Action: ==> Maintain long position. Trailling Stop at 167.05. Wave 3 could rise up to 171.8700 or to 176.9088. NOTE: The width of the Bollinger Bands has started to narrow which indicates that prices are beginning to consolidate. A divergence in the MACD indicator has been found. The current upward trend may soon correct or end. The CCI is above 100. This currency pair is overbought at this time. For a short term trade, we looking to take short position, wave 4, and try to enter long, wave 5.
MONTHLY PIVOT ALERT: Resistance level of 168.2967 was broken today. When the monthly R2 ( resistance level 2 ) is broken - we can look for a possible rise to the monthly R3 ( resistance level 3). This is extremely bullish.
Next Day Trading Ranges for Wednesday Jun 25, 2008.
The 20 day moving average of the daily trading range is 132 pips and the 60 day moving average of the daily trading range is 147 pips. This shows that volatility has decreased in the short term. The percentage of updays when the open/low ratio is less than 25% is 48.73 percent. This means that if this pair does not drop more than 33 from the opening price then there is a 48.73 percent chance that this will be an upday.
The [R3] or the most extreme high trading range is 171.03.
The [R2] or the extreme high trading range is 170.09.
The [R1] or the high trading range is 169.51.
The [P] or pivot point is 168.57.
The [S1] or the low trading range is 167.99.
The [S2] or the extreme low trading range is 167.05.
The [S3] or the most extreme low trading range is 166.47.
Next Day Alternate Stops for Wednesday Jun 25, 2008.
The red line to the right on your chart is an extreme support or resistence level for the next trading day.
A good alternative stop is one which is placed just beyond this extreme support/resistance level.
In this particular case if the price drops below 167.05 then that would show momentum against 4xgenie’s long position and that would be a break out to the downside.
Please Note: These support/resistance levels are calculated by using the previous day’s trading range. Normal volatility may cause a breakout of this value once every 4 or 5 days when prices consolidate.
Current Day Trading Session:
Momentum is continuing upward at the present time.
Next Day Trading Session:
If the next day’s close is below 167.07 then that could be a sign that the current upward momentum is reversing.
4xgenie.com
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STRADDLE EUR/USD
Nice STRADDLE Set-Up for EUR/USD
Place 2 seperate limit orders simultaneously. First order is for buy only, with a stop and limit provided. Second order is for sell only, with a stop and limit provided. Only one order will be executed. Make sure to cancel the other order once you see that the other is executed.
ORDER #1 - LONG EUR/USD
BUY @ 1.5599
STOP @ 1.5569
LIMIT @ 1.5609
ORDER #2 SHORT EUR/USD
SELL @ 1.5539
STOP @ 1.5569
LIMIT @ 1.5529
For more information how I Trade FOREX STRADDLE
http://www.4xgenie.com/Trading%20Strategys.html#Alert%20system%20#4
4xgenie.com
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