Signal #10-2: Closed EUR/USD at 1.2084

The position was closed with a loss of 44 pips. For the past week, I have been working at my new sites:
http://lloyd88.bravejournal.com/
http://tradingforaliving.bravehost.com/

Signal #8-1: Closed EUR/USD at 1.2195

The EUR/USD position has bounced back from a 10-month low of 1.2017 this week and is expected to close better than the 1.2200 level by the end of the day. I have been holding the position since Tuesday. The bullish price movement today was actually pre-indicated by yesterday and this morning technical charts. Now, the position is officially closed for a reasonable 52-pips profit. I have decided to continue holding the USD/CHF position into next week.

Signal #9: Buy GBPUSD at 1.8104, Signal #9-1: Closed GBP/USD at 1.8197

I have issued a buy alert on the GBP/USD market at noon. The position has turned into a quick 93-pips profit. My system is currently under test at GFTraders.com, LLoyd is my nickname.

Signal (2005-06-15 12:02:15 GMT):
Type: New
SignalSignal ID: 172
Currency: GBP/USD
Action: Buy
Open: 1.8104

Signal (2005-06-15 15:42:07 GMT):
Type: Close
SignalSignal ID: 172
Currency: GBP/USD
Action: Buy
Open: 1.8104
Close: 1.8197 (Close Price)
Profit: +93

Signal #8: Buy EUR/USD at 1.2143

"The euro's slide was pretty fast and the currency looks really oversold."

I will be treating this new position with extra cautious. My losses on USD/CHF is not as bad as it could be - a recoup of nearly 90 pips from the worst. The opening of EUR/USD position suggests that there is still light on the CHF position.

Signal #7-2: Set USD/CHF TP to 1.2598 (SL ????)

"Rate differentials have reached critical levels. This is clearly supportive of the dollar. The dollar strength is expected to continue."

This is the latest situation which helps USD climbing to 9-month high as interest rate gap continues to widen. Fundamental news has been the real influential on traders for the last few trading days. I have to admit my mistake by deciding to go short on USD/CHF and was unable to reverse the position as quickly as I could, ignoring one buy alert, hence being stuck in the current awful situation. I am in the process of researching and developing a fully mechanical alert system that can automate the process of issuing my real-time trading alerts as fast as possible. I am logging this whole episode for my future reference.

Signal #7-1: Set USD/CHF TP to 1.2478

"Interest-rate differentials are beneficial for the dollar.''
"A negative surprise on the trade numbers could take some steam out of the dollar''


There are always different trader viewpoints or report outcomes that can decide the next direction of the market. It is important to know that the current price is the consensus of value of all market traders at the moment of the trade. Therefore, in order to predict the possible next movement, it is important that I pay my attention to the real-time price actions rather than listening to the market noise. I usually focus on the specific few trading hours that come with robust trading volume. I don't like setting SL level during my working hours to promote greater flexibility and to take market volatility issue into considerations.

I like staying with my signal/trend after trading hours unless stops are being hit. My stop levels are usually set at the end of my price monitoring period.

Signal #7: Sell USD/CHF at 1.2538

Alan Greenspan today may reinforce expectations that the Federal Reserve will keep raising interest rates to head off inflation, overriding concerns about a slowdown or lower job growth.

However, my alert system has just raised a real-time sell signal on USD/CHF based on the price actions since this morning. At present, I personally think that most traders are now at a crossover point between making the fundamental or technical judgment. For me, I have already made my call firmly due to the technical viewpoint of my alert system.

Signal #6-2: Closed USD/CHF at 1.2432, T/P Limit Hit

"When bond yields are so low that's going to undermine the yield advantage that investors can get from U.S. assets and therefore that paints a negative picture for the dollar.''

A positive start of this week, the USD/CHF position has eventually pull out a 30-pips profit. This position was actually opened about a week ago. The maximum drawdown of the position is nearly 100 pips! Fundamental news such as Euro referendum + non farm payrolls have basically influenced the technical (i.e. charting analysis) outlook of this position once it was opened.

Signal #5-2: Closed GBP/USD at 1.8225, T/P Limit Hit

US non-farm payrolls rose by 78,000 in May from a nonrevised 274,000 reading in April, while the unemployment rate fell to 5.1% and average hourly earnings slowed to 0.2% from 0.3%. The payroll figure was the lowest since August 2003 while the unemployment rate was the lowest since September 2001.

As expected, the initial reaction to the non-farm payrolls announcement has had a positive outcome on my GBP/USD position. The take profit limit was hit and as a result, this position has managed to overturn a sizeable loss to yield a 60-pips profit. The strategy of holding the position for the past few sessions, which was comfirmed by the action suggested by my analytical screen, has eventually paid off. However, I still have a USD/CHF position at present which was unable to hit the T/P level (only 10-pips away from target!).

Signal #5-1: Set GBP/USD TP to1.8225; Signal #6-1: Set USD/CHF TP to 1.2432

"The U.S. dollar is losing some support from the interest rate side."
"Some of the euro's rebound is based on the alleviation of uncertainty and now the elections are out of the way."
"The euro's decline does look like it has overshot."

It has been very volatile for the past two days. My positions are still losing ground at the moment, but not as bad as before. However, I am still optimistic on the outlook as the system re-confirmed this morning to continue holding such positions until being profitable.