USD/CAD - DIP EXPECTED

mmmh just before the close of business today, i must let you know what i noticed on the USDCAD chart. I just had my major trendline broken plus close before my moving averages with good ADX market strength. I would be looking forward to a short from level 1.0600 for a 40-50pips.

The trend is well directed with RSI below the 50level and your stoploss should not be more than 50-60 pips.

Enjoy and have a wonderful weekend.

James

GBPUSD AFTERNOON RALLY

Hello,

Im sorry this came in late. Google had a problem i guess and my blogs were down for some hours today.

GBPUSD and AUDUSD was my trade of the day and i got my triggers from the 5min time frames. This was after a convincing break of my major trendline and i think another close above 50 sma 1hr chart (a good confluence of event). It was a nice 50pips with our fibonacci expasion exit technique, im sorry i had a no stoploss trade - DONT DO THAT.

I have also added my live acct for you to see how i trade it.

Thanks

James

Straighthold Investment Group, Inc.

Account: 168170		Name: AYETEMIMOWA JAMES FEMI						Currency: USD		2009 November 27, 19:23
Closed Transactions:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P	Close Time	Price	Commission	Taxes	Swap	Profit
38904076	2009.11.26 15:36	balance	DPST-LR-25908: USD 60.70										6 070.00
38907873	2009.11.26 17:43	sell	0.11	usdcad	1.0585	1.0619	1.0488	2009.11.26 18:22	1.0619	0.00	0.00	0.00	-35.22
38942820	2009.11.27 15:39	buy	0.60	audusd	0.9011	0.0000	0.9111	2009.11.27 17:24	0.9067	0.00	0.00	0.00	336.00
38943637	2009.11.27 16:00	buy stop	0.60	gbpusd	1.6440	0.0000	0.0000	2009.11.27 16:54	1.6424	cancelled
38945009	2009.11.27 16:51	buy	1.00	gbpusd	1.6431	0.0000	1.6482	2009.11.27 17:21	1.6482	0.00	0.00	0.00	510.00
										0.00	0.00	0.00	810.78
Closed P/L:												810.78
Open Trades:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P		Price	Commission	Taxes	Swap	Profit
No transactions
										0.00	0.00	0.00	0.00
										Floating P/L:		0.00
Working Orders:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P	Market Price
No transactions
Summary:
Deposit/Withdrawal:		6 070.00		Credit Facility:				0.00
Closed Trade P/L:		810.78		Floating P/L:				0.00	Margin:			0.00
Balance:		6 880.78		Equity:				6 880.78	Free Margin:			6 880.78

GBPUSD - 4CANDLES

Hello Good morning,

I didnt trade today because of the Bank Holiday in USA. Yet the market made a good move and our 4candles strategy did some good work. Lets check on GU as in the chart.

Good entry with good market strength as you can see on the ADX. Good for over 100pips.

Enjoy

TREND AND STRENGTH (INTRA-DAY)

TREND AND STRENGTH (INTRA-DAY)

NAME: AYETEMIMOWA JAMES FEMI
SITES: www.bondfx.biz
http://bondfx-market.blogspot.com
http://bondfx-tradealert.blogspot.com

EMAISL: james@bondfx.biz
james.ayetemimowa@gmail.com

I'm dedicating this strategy to AYETEMIMOWA SUNDAY, today your birth-day, not only that, your decision to start trading live forex is welcome brother!

Its good to also clear the way for intra-day traders. I will be explaining a better way to fight intra-day whipsaw, catching the trend and trading at the right market strength.

Today 25th November 2009 8:00pm i will be using GBP/USD as a good example

Before you read further please review this risk warning:

"Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts."

TRADING PLAN

CURRENCY PAIR: ANY

INDICATORS: SIMPLE MOVING AVERAGES (20,50 AND 100 PERIODS)
ADX 14 PERIOD

TIME FRAME: 15MIN (SPECIAL THANKS TO PETER BAIN FOR THIS INSIGHT)

SAMPLE PLATFORM: MT4 (FXDD.COM) with this you can check the broker time and adjust with your broker's time.

SETUP: YOUR CHART SHOULD LOOK LIKE THE CHART ON THIS PAGE

Every trader knows that the market is all about TREND DIP AND RALLY. The moving averagies will give us the picture of the general intraday trend and i introduce the ADX to help enter the market at a good strength posible to give high probability entries.

UPTREND: This begin when price moves from below the whole of the moving averagies and closes above

DOWNTREND: This begin when price moves from above the whole of the moving averagies and closes below

MARKET GOOD STRENGTH: You have a good strength when the ADX increasies from below the 20 level to above 20 level in an up or down trend. Please note that ADX must be progressively increasing from below 20 to above 20.

ENTRY:

In an uptrend, if ADX is rising and its above 20 at the time of spotting the uptrend, then ur entry is few pips above the closed 15min candle. If ADX was not rising, then wait for it to go below 20level and make increasing value to above 20, then few pips above the 15min candle is your entry for BUY.

In an downtrend, if ADX is rising and its above 20 at the time of spotting the downtrend, then ur entry is few pips below the closed 15min candle. If ADX was not rising, then wait for it to go below 20level and make increasing value to above 20, then few pips below the 15min candle is your entry for SELL.

EXIT:

Fibonacci is my good tp and sl tool, you can adopt any other support and resistant tool

You get more daily analysis based on this trading plan on my blog http://bondfx-market.blogspot.com

Thank you.

JAMES

USD/CAD ON 4 CANDLES STRAT (EUR/USD ON TP)

Our EUR/USD delivered hiting the TP on 1.5020.

The USD/CAD triggered the 4 candles strategy at 1.0555 delivered 30pips profit at 1.0525. It was a nice setup supported by declining moving averagies and RSI

LOCK UP EURUSD PROFIT

Good morning,

It will be nice to lockup EURUSD 20pips profit to breakeven as the euro is facing a hard time with the resistant at 1.4990. Also watchout for a good 4candles strat setup. FUll report on this strat will be published later today.

Enjoy.

EUR/USD - Approaching Intraday Resistant

The next look on EURUSD after breaking a major intra-day trendline is 1.4960. A break of this point will see further push to next resistant point 1.5020. The Bull may take over after a close above the 50sma and good intra-day market strength above 20 level of the ADX

Let's watch

4Candles AUDUSD and GBPUSD

This strategy triggered today at 0.9194 about 7:45am FXDD terminal time when ADX gave a better market strength. for a 50pips. Nice one.

The GBPUSD is still running with our entry at 1.6555, Market strength helped the entry and its running with 30pips at the moment.

Enjoy

EUR/USD - Overnite Bearish Setup with success

Good morning,

Our overnite setup on EURUSD hit TP at about 9:15am FXDD terminal time and also triggers our 4Candles strategy at 8.00am at 1.4940 for a 40pips profit at same TP with overnite setup.

Its a morning full of smiles. Lets have a look at 4candles strategy on GBPUSD, AUDUSD and USDCAD pairs in the next post.

EUR/USD - Overnite Bearish Setup

Hello again,

Its 8:25pm GMT+1 my trading desk and i have been able to spot lower high on EUR/USD after a trendline break with a close below the 50sma.

With the ADX market strength rising above the 25 level. I recommend a SHORT from the low 1.4955 targeting the fibonacci point at 1.4923, 1.4900.

CAUTION: A four hour trendline is a major problem will be better to lock profit to break even on the first 15-20pips profit. A break of 1.4999 may lead to a bullish run nullifying the brearish outlook.

Regards.

James

EUR/USD - Intra-day trend "MAY" short

Bullish trendline broken with lower High trendline. The ADX Strength still very strong on the BULLISH side, so its good to be careful. 1.4992 remain a good barrier to the further bullish side

ADX strength need to relax to below 20 level and good recovery to the 25+ side with the bearish trenline in place will trigger a sell.

Enjoy!

USD/CAD - A DIP

se

Hello Good morning,

My trade for this morning is USDCAD. The last trading day i had a break of my trendline looking for a down trend (red diagonal line). Today the down trend was confirmed with the lower high spotted with the blue line. It was a nice dip selling from the strength of the market using ADX.

Our entry as a result came from the low of the 1:45am canlde of the FXDD platform in the 15min timeframe at 1.0680 and exit based on the 100sma technique in charting fibonacci. Support zones at 1.0663 and 1.0622 . For complete details about this strategy please write james.ayetemimowa@gmail.com

I will welcome your comments.

James.