Monday, September 14, 2009
We Have Moved. Please Follow Us to Our New Link
We Have Moved. Please Follow Us to Our New Link
We Have Moved. Please Follow Us to Our New Link
We Have Moved. Please Follow Us to Our New Link
We Have Moved. Please Follow Us to Our New Link
Click On the Link below to Visit Our new Site For Forex Signals
http://naijasite.com/forum/index.php?board=12.0
http://naijasite.com/forum/index.php?board=12.0
http://naijasite.com/forum/index.php?board=12.0
Tuesday, August 18, 2009
Monday, June 29, 2009
SELL USDJPY, 29TH JUNE, 2009 (SUNDAY NIGHT)
TRADE ALERT:
TIME TO SELL USDJPY:
CURRENCY PAIR: USDJPY
TRADE DIRECTION: SELL
TYPE OF TRADE: LONG-TERM
TRADE SIGNAL TYPE: TECHNICAL METHOD
TIMEFRAME: WEEKLY
SELL @: 95.47
TARGET/EXIT: ( Take +1000pips)
STOPLOSS: - -500pips
CURRENT TRADE STATUS: TRADE IS CURRENTLY ONTRADE
SUMMARY:
This is a breakout trade of an ascending channel towards a descending direction. Bear in mind that this trade is to last for weeks and even months. So, get ready for a long term trade and don’t close your trade until we feel that the signal does not exist anymore. Thus, visit our website regularly for an up to date post on when to exit or close this trade. Don’t panic if you see yourself loosing up to -300points. That will not make us to close any trade but we will close any trade in-which the signal had ceased to exist. When we close the trade, we will post it here to inform our traders of this development and also, when we make any readjustments within a trade in terms of raising our stoploss, we will also post it here. Hence, your job is to visit our site regularly for an up-to date posts about this open currency. And since this is a long-term trade, we advice that you use a very low margin (0.01 or 0.1 is advisable) in order not to be cut out since there may be a case of upto -400pips fluctuation against the opened trade before the currency can begin to go in the right direction or in your favour.
To learn about how we generate and confirm these signals, visit http://philopaul4u.com/forexsignalgenerator.htm
Saturday, June 20, 2009
SELL AUDNZD, 21ST JUNE, 2009 (SUNDAY NIGHT)
CURRENCY PAIR: AUDNZD
TRADE DIRECTION: SELL
TYPE OF TRADE: LONG-TERM
TRADE SIGNAL TYPE: TECHNICAL METHOD
TIMEFRAME: WEEKLY
SELL @: 1.2495
TARGET/EXIT: 1.1495 ( ie +1000pips)
STOPLOSS: -
CURRENT TRADE STATUS: TRADE IS CURRENTLY ON
TRADE SUMMARY:
This is a breakout trade of an ascending channel towards a descending direction. Bear in mind that this trade is to last for weeks and even months. So, get ready for a long term trade and don’t close your trade until we feel that the signal does not exist anymore. Thus, visit our website regularly for an up to date post on when to exit or close this trade. Don’t panic if you see yourself loosing up to -300points. That will not make us to close any trade but we will close any trade in-which the signal had ceased to exist. When we close the trade, we will post it here to inform our traders of this development and also, when we make any readjustments within a trade in terms of raising our stoploss, we will also post it here. Hence, your job is to visit our site regularly for an up-to date posts about this open currency. And since this is a long-term trade, we advice that you use a very low margin (0.01 or 0.1 is advisable) in order not to be cut out since there may be a case of upto -400pips fluctuation against the opened trade before the currency can begin to go in the right direction or in your favour.
To learn about how we generate and confirm these signals, visit
http://philopaul4u.com/forexsignalgenerator.htm
Sunday, May 31, 2009
SELL EURCAD, 31ST MAY 2009
CURRENCY PAIR: EURCAD
TRADE DIRECTION: SELL
TYPE OF TRADE: LONG-TERM
TRADE SIGNAL TYPE: TECHNICAL METHOD
TIMEFRAME: MONTHLY
SELL @: 1.5429
TARGET/EXIT: 1.4429 ( ie +1000pips)
STOPLOSS: -
CURRENT TRADE STATUS: TRADE IS CURRENTLY ON
TRADE SUMMARY:
This is a breakout trade of an ascending channel towards a descending direction. Bear in mind that this trade is to last for weeks and even months. So, get ready for a long term trade and don’t close your trade until we feel that the signal does not exist anymore. Thus, visit our website regularly for an up to date post on when to exit or close this trade. Don’t panic if you see yourself loosing up to -300points. That will not make us to close any trade but we will close any trade in-which the signal had ceased to exist. When we close the trade, we will post it here to inform our traders of this development and also, when we make any readjustments within a trade in terms of raising our stoploss, we will also post it here. Hence, your job is to visit our site regularly for an up-to date posts about this open currency. And since this is a long-term trade, we advice that you use a very low margin (0.01 or 0.1 is advisable) in order not to be cut out since there may be a case of upto -400pips fluctuation against the opened trade before the currency can begin to go in the right direction or in your favour.
To learn about how we generate and confirm these signals, visit http://philopaul4u.com/forexsignalgenerator.htm
Thursday, May 28, 2009
BUY GBPCHF @ 1.7265, MAY 28TH 2009
Currency pair: GBPCHF
TRADE DIRECTION: BUY
TYPE OF TRADE: LONG-TERM
TIMEFRAME: WEEKLY
BUY @: 1.7265
TARGET/EXIT: 1.8265 (+1000pips)
STOPLOSS: - -500pips
CURRENT STATUS: TRADE IS CURRENTLY ON
DATE: THURSDAY, MAY 28 2009
SUMMARY:
This is a breakout trade of an upwards ascending triangle. Bear in mind that this trade is to last for weeks and even months. So, get ready for a long term trade and don’t close your trade until we feel that the signal does not exist anymore. Thus, visit our website regularly for an up to date post on when to exit or close this trade. Don’t panic if you see yourself loosing up to 300points. That will not make us to close any trade but we will close any trade in-which the signal had ceased to exist. When we close the trade, we will post it here to inform our traders of this development and also, when we make any readjustments within a trade in terms of raising our stoploss, we will also post it here. Hence, your job is to visit our site regularly for an up-to date posts about this open currency.
Friday, May 22, 2009
FOREX SIGNAL FOR EURUSD, 22ND MAY, 2009
Trade Idea: Sell EUR/USD at 1.4050
Our trading strategy is: Sell at 1.4050, Target :1.3920, Stop-loss : 1.4100
The single currency easily met our upside target at 1.3840 (our long position was entered at 1.3730 and made 110 points profit) yesterday's in late New York trading and euro then rallied to a 4-month high of 1.4030 today, however, as recent upmove is losing near term rising momentum, upside is likely to be limited to 1.4050/60 and risk is getting higher and higher for a minor correction to take place partly due to the long weekend (U.S. and U.K. markets will be closed on Monday due to holiday).
In view of this, we would prefer to stand aside in the meantime and one can look to turn short on euro when price approaches 1.4050 level and price shall falter well below 1.4100 today.
On the downside, below 1.3940/50 would signal a temporary top is possibly in place and correction to 1.3900 would follow, however, reckon renewed buying interest would emerge well above 1.3820/30 and euro may head north again next week.
Thursday, May 21, 2009
FOREX TRADING SIGNAL ON 21ST MAY, 2009
SELL GBPJPY @ 148.93
SELL CADJPY @ 83.04
Takeprofits for each of the currencies is +100 pips and leave stoploss at -90pips.
Goodluck
Sunday, May 17, 2009
MASSIVE SELL FOR EURUSD THIS WEEK
HELLO TRADERS
This week is a bullish week for the USD Dollar; and for the EURUSD in particular. We just hope that you won’t fail to maximize your profit potentials with EURUSD pair this week.
What I’m saying is that if you had hoped or planned to buy EURUSD this week, you may need to rethink well and fast before you open the next long trade as this might be a costly mistake on your part. We just hoped that you will reconsider to sell EURUSD this week. Hence, from the aid of our trading system, we’ve the course to believe strongly that the pair of EURUSD is going to go down massively this week. Our believe for this hinges on the fact of may indications and below are our reasons for saying so.
5 Reasons Why We Hoped That Eurusd Will Go Down This Week
1. The weekly fundamental analysis is saying that the USD Dollar is bullish while the EURO is bearish
2. We have a head and shoulder chart formation on the one hour chart of EURUSD
3. We have a head and shoulder chart formation on the 4 chart of EURUSD
4. The daily chart of EURUSD seems to be forming a double top formation
5. And finally, our trading software has just indicated from the 4hour chart that EURUSD pair is currently going down
Thus, as you sell EURUSD this week, bear in mind that other pairs like USDCAD, USDCHF should be bought while you aim to sell pairs like AUDUSD, NZDUSD, GBPUSD and the JPY pairs.
Goodluck for this week.
Saturday, May 16, 2009
FOREX WEEKLY FORECAST 17TH - 22ND MAY, 2009
FOR THE WEEK OF 17TH MAY - 22ND MAY, 2009
Fundamental Outlook for Japanese Yen: Neutral
Fundamental Outlook For New Zealand Dollar: Neutral
Fundamental Outlook for British Pound: Bearish
Fundamental Outlook for Australian Dollar: Neutral
Fundamental Outlook for Swiss Franc: Bearish
Fundamental Outlook for Euro This Week: Bearish
Fundamental Forecast for Canadian Dollar: Bearish
Fundamental Outlook for US Dollar: Bullish
This Week's Market Outlook
Risk rally stalls and reverses
Risk asset markets have posted strong signals that a significant reversal is underway and we would expect to see further declines in stocks, commodities and the JPY-crosses and a return to USD strength (except against JPY) in the weeks ahead. In currencies, bearish engulfing lines dominate weekly candlestick charts for the JPY-crosses, and daily closes below the Kijun lines augur weakness as well. USD/JPY has tested below the base of its daily Ichimoku cloud at 95.02 and a close below may signal weakness toward the 90.00/92.50 area. An unfolding head-and-shoulders pattern in USD/JPY (Daily Chart) suggests potential back to the 87.50/89.00 area. JPY-crosses are also likely to test their clouds next week, and a looming downside crossover of the Tenkan and Kijun lines would generate yet another sell signal. The commodity currencies (AUD & CAD), which led the way higher during the risk rally, appear to be leading the way lower in the retreat. In particular, we will be watching the 0.7334 and the 1.1992 Kijun lines in those pairs vs. USD, where a daily close through those levels would argue for a more aggressive decline for the commodity currencies. In EUR/USD, the 1.3400/50 area, highlighted by the 200-day moving average at 1.3420 remains critical support, below which we would expect losses to accelerate. In GBP, the 1.5000/50 area represents a similarly important pivot level, and a decline below would suggest greater downside potential in Cable.
Having just called an end to the recent rally in risk sentiment, we are mindful that topping patterns frequently have several false starts. In the current environment, we can't point to any one, single news or event catalyst behind the apparent reversal unfolding. We are also aware that prices in USD/JPY, EUR/USD, and GBP/USD are still above key support levels highlighted above. As such, we would be reluctant to chase this move lower in JPY-crosses/higher in the USD from current levels. Instead, we would look for opportunities to sell JPY-crosses on corrective bounces/buy USD (except against JPY) on pullbacks in anticipation that the risk reversal will continue. The relatively light data calendar next week may offer some additional signs of improvement (see below), potentially offering just such rebounds and allowing for entry at more advantageous price levels. Should further data improvements materialize and risky assets fail to rally materially, we would view that as confirmation that risk-appetites have further room to unwind. The coming weeks will likely settle the argument of whether we have been in a genuine risk recovery or simply in a bear market rally, and we think it is the latter.
PAIRS TO BUY FOR THE WEEK OF 17TH – 22ND MAY, 2009
USDCAD
USDCHF
PAIRS TO SELL FOR THE WEEK OF 17TH – 22ND MAY, 2009
EURUSD
AUDUSD
NZDUSD
GBPUSD
CHFJPY
GBPJPY
CADJPY
EURJPY
AUDJPY
NZDJPY
USDJPY
Friday, May 15, 2009
FOREX TRADING SIGNAL FOR FRIDAY, 15TH MAY, 2009
Tuesday, May 12, 2009
FOREX TRADING SIGNAL FOR 12TH MAY, 2009

TIME UP --- BUY EURUSD NOW
EURUSD has now broken upwards outside an ascending triangle after having been in a consolidation for the past day. The bullish uptrend is now confirmed again. Try therefore to buy this pair now at 1.3640 and take profit at 1.3750. Let your stoploss be set at -70 pips. Timeframe is one hour. Of course, you should bear in mind that if you buy EURUSD, you should at the same time be selling USDCHF.
Goodluck as we hope to make it
10 TIPS TO BECOMING A SUCCESSFUL FOREX TRADER
1. Teachable
The question is sometimes asked whether a person with a tertiary education from a prestigious institution makes a more capable trader than a high school graduate with an appetite for the market. On both counts, the issue is not one of education level, but of the individual being teachable.In order to learn, adults require immediate relevance to their job or personal life (readiness to learn). Most learning occurs as a result of life experience, in particular, through the making of mistakes (getting it wrong is a great teacher).Blame passing (we learn this from childhood – it’s always someone else’s fault, the fault of the instrument or tool, not ours) is an endemic disease that has to be cauterized if a trader wants to be successful. Traders often don’t want to look inferior or incompetent among their peers (goes to pride and competition, not wishing to show weakness – it’s also why admitting to losses resonates so deeply with many traders – it’s the elephant in the room, everyone experiences it but no-one talks about it).Asking the direct questions, admitting you don’t know it all, that you have learning and information needs isn’t a sign of weakness. It’s a sign of strength. The trader who can ask questions, obtain quality information, is the one who will succeed.Is your inner bullsh*t meter properly tuned in?Successful traders are open and teachable; they are honest and real about their abilities and learning needs.
2. Disciplined.
Trading Forex can be a gruelling education in how to get self-disciplined, fast.Losing money is painful, extremely painful. It hits where it hurts most, in our pockets and our pride (since we are after all, smart, intelligent, logical, rational people – getting it wrong isn’t in the repertoire). When market’s rod of correction kicks in, and does so repeatedly, we have two choices. Absorb the instruction and learn from it; or ignore it and walk away.The word “discipline” takes its origins from the Latin “discere” meaning “to learn”. To be self-disciplined, means a capacity to apply yourself to learning or doing a given task when you would rather be doing something else. Can you apply yourself to the task of amending both your behaviour (actions) and your thinking (cognitive processes) as a result of the instruction market delivers?Successful traders have cultivated the self-discipline to obey their own trading rules.Successful traders possess high levels of self-discipline.
3. Observant.
“The little things don’t mean anything. They mean everything.”The capacity to recognise, observe and pay attention to the fine details has much importance in trading Forex successfully. The astute quality in a trader, being able to juggle a multiplicity of fine detail; accurately sift fact from fiction; recall and apply a plethora of rules and rule exceptions at the right moment, is an important capacity.Successful traders have the best information. They don’t get this information by relying on other people to provide it in a neat little capsule “take one a day” form. They read widely, take in contrary opinion, pay close attention to the detail in their charts, think for themselves, and draw their own conclusions. This requires effort.Successful traders consciously arm themselves with the best information; they pay attention to the detail.Successful traders are observant and astute.4. Spirited.It takes a special kind of person to trade Forex successfully. A rare combination of dynamic spirit tempered by concrete realities.The successful trader needs to be comfortable with risk. Having the “spirit” to take risk in the first place is a legitimate and necessary requirement. The corollary is also having the balanced temperament to apply the brakes; to deal with concrete information and hard evidence as opposed to acting on emotion for the thrill of the ride.Gaining mastery of the instrument requires tempering the risk-taking spirit with the hard edge of realities, in particular, familiarity with the many nuances of the Forex market. It is this that causes the process of Forex market success to take time.Successful traders possess a dynamic spirit tempered by concrete realities; they are comfortable with, and respectful of risk.
5. Resilient.
Resilience is the capacity to endure adversity and to bounce back following adversity. Resilient human beings have the ability to weather the storms, to keep things in perspective when adversity strikes, to temper their thought processes with more balanced positive recollection.It’s not a question of adverse events occurring (because we all get our fair share of adverse life events eventually - that's just the random nature of life), it’s what we choose to do about it when they do.When losses occur, the resilient trader takes the lessons on board, learns from them, and amends their trading behaviour. Adverse events present us with opportunity to make a conscious choice - between being the victim or the victor.Successful traders possess resilience; they persevere, they bounce back.
6. Emotionally Mature.
The excite factor in a trader, the energy that drives success, can also be the Achilles heel. The ability to “act, not react” matters.Emotional maturity isn’t necessarily the exclusive domain of chronological years. Some young people possess tremendous maturity, while some older people are still just kids walking around in adult bodies. Being able to respond to emotional stimuli in a balanced controlled way without allowing negative emotion to rule responses is important.Successful traders demonstrate emotional maturity; they act in positive constructive ways, not reactive negative ways; they control their emotional responses; they don’t allow emotions to control them.
7. Risk Manager.
A question on every good risk manager’s mind is “what can possibly go wrong or be wrong with this?” Accurately identifying potential sources of risk, and the capacity to sort fact from fiction, matters.In Forex, losses are part of the cost of doing business. They also become the cost of our market education. Paying for quality formal market education is one means to avoid paying for your education by more indirect means, losses.The best way to contain and manage risk effectively while you learn is to trade small. If a trader doesn’t have the discipline to trade a micro-account with the same discipline they would apply to a larger account, the outcome will be no different. Turning $100 into $200, or $500 into $1000, and eventually turning your seed capital into much larger sums requires exactly the same skill set as trading a larger account from the outset.Keeping the losses tight/low while you undergo the apprenticeship, setting aside the balance of your Forex trading capital for “later” is a common sense strategy.* The objective is to arrive at the point of accumulating consecutively successful winning trades before launching into larger accounts and larger position sizes. If the compounding factor cannot be realised on a small account, it won’t happen on a larger account either.Successful traders are competent risk managers.
8. Stress Manager.
Males of the species, being testosterone driven creatures, are prone to seeing opportunity and engaging in risk-taking behaviours. It comes with the territory, nature of the animal, part of the hunter/warrior profile.Cortisol is the hormone generated when stress levels reach a peak. It provides balance to the equation, it’s the “flight” part of the “fight or flight” response. When testosterone is peaking, opportunity abounds. When stress levels overtake, cortisol kicks in with the opposite view, disaster awaits at every turn, caution is the primary driver. Being afraid to take another trade, missing opportunities, happens for a reason. The over-riding instinct is one of self-preservation - this isn't a bad thing - it's a part of the mind's automatic programming to protect oneself from injury and is therefore something to be embraced, not shunned. It's the foundation of giving risk the respect it deserves. Keeping this response in proper balance is a learned skill that will improve with time as the trader's confidence grows.Managing the stress of trading, being able to identify your physiological responses and monitor these is important.Successful traders recognise their decision making can be affected by stress levels; they identify this and manage their stress responses effectively.
9. Hunger.
Being hungry for the expected outcome (an independent means to make money, the goal of financial independence), seeing the potential, having the motivation to persevere and wrestle with yourself, to put in the effort to fill your knowledge gaps, to apply yourself diligently to the task until you reach a point of proficiency is important. Knowledge is power. Knowledge provides the confidence to trust your TA and trust your trading ability.Hunger for the outcome, being driven to reach your objectives is a key ingredient of the successful trader.Successful traders display hunger for success; they put in the effort required to fill knowledge gaps.10. Focus.People who are most likely to succeed in Forex (as in life) are driven by reward for effort; they are highly focussed on what works, have a low tolerance for day-dreams that don’t deliver. This “reality-check” factor matters. Putting your cold cash on the line, backing your own judgement with hard coin in a high risk market takes courage and belief in yourself / your system / trading abilities.Despite the very best system or entry signals, every Forex trade is a “balance of probabilities” investment. Stacking the odds in your own favour to the greatest possible extent with each and every trade you make, matters.Successful traders are focussed on the reality-check issues; they clinically remove the dross from their inner dialogue; they pursue quality outcomes.
Summary
In the picture at the head of this article, the kitten looks in the mirror and sees a lion. This speaks of the optimism and confident belief the trader needs.It also speaks poignantly of getting a proper grip on current realities in order to make the transformation possible. Many new traders embark on this journey dreaming of the riches to come, seeing the possibilities but not seeing the present realities or what it takes to arrive at that point. Cultivating the personal qualities needed to trade Forex successfully requires focus, application, discipline.Successful traders possess a personal bullsh*t meter that is finely tuned. They are open and teachable; observant and astute; disciplined; spirited; hungry for success; resilient; emotionally mature; good risk managers; capable of dealing with stress; focussed on achieving quality outcomes.To the victor go the spoils.
Sunday, May 10, 2009
BULLUISH EURUSD FOR THE WEEK
EUR/USD made a major bullish statement on Friday of this past week after consolidating aimlessly for the first part of the week. At the very beginning of the week, price had made a tentative breakout above the long-term downtrend resistance line extending from the 2nd test of 1.6 back in July, but then struggled to climb significantly above the 1.3300 price region for the next few days. Friday, however, saw a one-directional range of almost 300 pips as the pair rose decisively out of its consolidation. In the process, price is now confirming the trendline breakout that could potentially change the overall trend. For the upcoming week of May 11-15, the pair is approaching key resistance around 1.3750, which represents an important prior support/resistance level as well as the last major swing high. A breakout above that level would represent a significant confirmation of a new uptrend, and should target immediate further resistance in the 1.3900 price region. As the launching pad for the current bullishness, the 1.3300 price region should provide strong support for the pair going forward.
Forex Levels to Watch (Week of May 11-15, 2009)
Here are some key support/resistance price areas to watch for (breaks/bounces) in the forex market during the upcoming trading week of May 11-15, 2009:
EUR/USD - Support 1.3380 / Resistance 1.3735
USD/JPY - Support 96.00 / Resistance 99.75
GBP/USD - Support 1.4950 / Resistance 1.5370
USD/CHF - Support 1.0860/ Resistance 1.1160
Friday, May 8, 2009
FOREX TRADING SIGNAL FOR THE NIGHT OF 8TH MAY, 2009 TILL NEXT WEEK

Thursday, May 7, 2009
FOREX SIGNAL FOR 8TH MAY, 2009
FOREX TRADING SIGNAL FOR 7TH MAY, 2009. BUY EURUSD NOW

Goodluck
Wednesday, May 6, 2009
FOREX TRADING SIGNAL FOR 7TH MAY, 2009, THURSDAY
CURRENCIES THAT ARE FOR SELL TODAY ARE LISTED BELOW:
Timeframe = Daily Chart
CADJPY: Direction for today is down/sell
AUDJPY: Direction for today is down/sell
CHFJPY: Direction for today is down/sell
EURJPY: Direction for today is down/sell
Goodluck
Tuesday, May 5, 2009
FOREX TRADING SIGNAL FOR WEDNESDAY, 6TH MAY 2009
----------EURJPY, GBPJPY, GBPUSD, CADJPY, EURUSD, AUDJPY, CHFJPY, NZDJPY, NZDUSD, AUDUSD
CURRENCIES TO BUY TODAY ARE:
------- USDCHF, USDCAD
FOREX TRADING SIGNAL FOR 5TH MAY, 2009
CURRENCIES THAT WILL GO DOWN TODAY ARE: EURUSD, GBPUSD, CADJPY, GBPJPY, CHFJPY, EURJPY, NZDUSD, AUDUSD, These currencies are for sell today.
GOODLUCK