No negative month performance!

Overview of Predictions May 4

Prediction: GU is at a strong support so our bias is mixed today with supports at 5145/50 and lower at 5115 and resistances at 5250, 5275/80 and a key level at 5315/20…Scalp middle levels and trend top and bottom…

Results:

1. Long @ 5150, DD: 15 pips; MP: 15 pips. This trade moved about 15 pips but because of the spread we do not think most went 15 pips to move SL to zero so we will count this trade as a negative scalp trade of – 15.

2. Long @ 5115, DD: 24 pips; MP: 70 pips. This was a quick spike at this level and if you didn’t have a limit order you would have been filled at 5105 area. The stop held up on this trade as it was a trend trade (25 pips SL plus spread). This trade was closed late US session as this is a day trading strategy for 60 pips.

Overall Profit/Loss: +45 pips

Pips this Month: +70
 
Overview of Predictions May 5

Prediction: GU is still bearish resistances at 5160/65 and higher at 5205 and supports are at 5100/95 and lower at 5020/25…Trend top level and scalp the rest…

Results:

1. Short @ 5160, DD: 12 pips; MP: 45 pips. This was a scalp trade that was closed at 30 pips as a quick spike at the end…Note: SL was suppose to be 15 pips plus spread above 5165 level.

2. Long @ 5095, DD: 10 pips; MP: 15 pips. This trade moved 15 pips into the green and was closed at BE.

Note: As seen on the chart, all these levels were respected by the market at later times of trading…In a ranging market some levels can be taken more then once for the experienced trader but minimizing risk is key when doing this ….

Overall Profit/Loss: +30

Pips this Month: +100


Cable Focus & Analysis May 6

Resistances: 1.5220, 1.5179, 1.5154
Supports: 1.5074, 1.5049, 1.5008
Pivot: 1.5114
 
USD/JPY Analysis for May 6th, 2010


M15 & m30 FL (Fib. levels) for short trend: 94.05; 94.22; 94.38; 94.60

M15 & m30 RL (Res. levels) for short trend: SRL 94.00; 94.30-35

H1 FL for long trend: 92.80; 93.30; 93.65

H1 & H4 SL (Sup. levels) for long: 93.30-35; 93.60-65
 
Overview of Predictions May 6

Prediction: There is a strong bearish trend in the market, our supports are at 5020 and lower at 4965/70 and some support at 4990(risky)…our resistance are at 5090/95 and higher at 5120/25…trend short and scalp long….

Results:

1. Long @ 5020, DD: 0 pips; MP: 48 pips. This trade quickly moved and closed at first sign of resistances for 25 pips.

2. Short @ 5095, DD: 12 pips; MP: 395 pips. This was our trend trade which we held to our last support level which was at 4965 for a 130 pip profit.

3. Long @ 4965, DD: 3 pips; MP: 20 pips. This was a scalp trade which moved for a 20 pip gain…Note at worst on this trade, SL was suppose to be at BE after 15 pips if spread did not allow to close.

Overall Profit/Loss: +175 pips

Pips this Month: +275

Cable Focus & Analysis May 7

Resistances: 1.5321, 1.5150, 1.5045
Supports: 1.4704, 1.4598, 1.4427
Pivot: 1.4874
 
Overview of Predictions May 10

Prediction: Some crazy moves last week so we will post only scalp levels today so to minimize risk because of market volatility….supports are at 4825/30 and lower at 4750/45 and resistances at 4930/35 and higher at 5005/10…Scalp all levels…

Results:

1. Long @ 4831, DD: 0 pips; MP: 100+ pips. Price hit 4831 on our charts (2-4 pip exception) and quickly moved for a 30 pip profit.

2. Short @ 4930, DD: 15 pips; MP: 0 pips. Price stopped 5 pips away and retraced 20+ pips making this trade very risky but we count it like we call it.

3. Short @ 5005, DD: 0 pips; MP: 40 pips. This was our scalp level on which we banked 25 pips and closed at first sign of price stalling.

Overall Profit/Loss: +40 pips

Pips this Month: +315

Cable Focus & Analysis May 11

Resistances: 1.5184, 1.5071, 1.5002
Supports: 1.4777, 1.4708, 1.4596
Pivot: 1.4890
 
What is the value of your sentence "No negative month performance!"?

none of your calls is given in terms of time and date
no date no time no trade
 
Overview of Predictions May 12

Prediction: GU is still bearish with recent failures at breaking past highs….resistances are at 4970/75 and higher at 5040 and some resistance at 4930/35 area… supports at 4825/30 and lower at 4785/90 areas with a key level at 4690….Trend key level, scalp the rest…

Results:

1. Short @ 4970, DD: 15 pips; MP: 11 pips. This trade went into the green and then was stopped out for -15.

2. Short @ 5040, DD: 4 pips; MP: 215 pips. This was a scalp trade that moved alot and quickly as we wrote in our comments that GU had trouble at recent highs and failure at these levels could be a big move down. As this was also a scalp level we banked 30 pips.

3. Long @ 4825, DD: 7 pips; MP: 55 pips. This was a scalp that was closed for 30 pips at first sign of resistance.

Overall Profit/Loss: +45 pips

Pips this Month: +410 pips
 
Overview of Predictions May 13

Prediction: GU is ranging but more bearish with resistances at 4905/10 and higher at 4955/60 with supports at 4765 and lower at 4700/95…Scalp middle levels and trend top and bottom levels…

Results:

1. Short @ 4905, DD: 12 pips; MP: 150 pips. This was a scalp trade that we made 30 pips on but market really moved in our direction on this one…

2. Long @ 4965, DD: 14 pips; MP: 21 pips. This was a scalp trade that we was stopped out at break even, even though market moved 20+ pips. But it was marginally more so we count it as a BE trade.

3. Long @ 4995, DD: 8 pips; MP: 30 pips. This was a scalp trade that we banked 20 pips on.

Overall Profit/Loss: +50

Pips this Month: +460
 
Overview of Predictions May 14

Prediction: GU bounce on a good support with some reversal candle on M30 at 4554…we resistances at 4640/35 area and higher up at 4690/95 and a good level at 4720/25…and supports at 4555/60 and lower at 4483…Trend top level and scalp all the other levels…

Results:

1. Short @ 4634, DD: 0 pips; MP: 70 pips. This was a scalp trade that hit our 30 pips fairly quickly from resistance (exception 2-4 pips).

2. Long @ 4562, DD: 0 pips; MP: 19 pips. This was a scalp that was stopped at BE because the stop was moved at 15 pips. Note: Entry was our exception (2-4 pips)

Overall Profit/Loss: +30 pips

Pips this Month: +490 pips
 
Overview of Predictions May 17

Prediction: GU is very bearish with D1 break again….our resistances are at 4425 and higher at 4465/70 with supports at 4340 and lower at 4255…Trend top level and scalp the rest…

Results:

1. Short @ 4424, DD: 0 pips; MP: 45 pips. This was a scalp trade that gave 30 pips in 5 minutes…

2. Short @ 4465, DD: 2 pips; MP: 60 pips. This was our trend trade that we moved SL to BE after 40 pips and limit is usually 70-100 pips or to our support level, so we count this trade as a BE trade.

Overall Profit/Loss: +30

Pips this Month: +520

Overview of Predictions May 18

Prediction: GU at a strong resistance but we can se some up if 4490 is broken..we have supports at 4445/50 and lower at 4350 area with resistances at 4555/60 and higher at 4605/10…scalp all levels…

Results:

1. Long @ 4452, DD: 0 pips; MP: 65 pips. This was our scalp as all our levels today. This trade was an exception entry (2-4 pips exception) and moved for a 30 pip profit even though holding would have given more pips.

Overall Profit/Loss: +30

Pips this Month: +550
 
Overview of Predictions May 19

Prediction: GU is at a mixed stage but more bearish than bullish with resistances at 4345/50 and higher and a strong level at 4405/10, supports are at 4250/55 and lower at 4185/90…Scalp long and trend Short.

Results:

1. Short @ 4350, DD: 20 pips; MP: 55 pips. This was our trend trade that moved 50+ pips and came back to stop us out as we put stop at BE after 40 pips.

2. Long @ 4255, DD: 0 pips; MP: 31 pips. This was our scalp trade that we banked 20 pips.

3. Short @ 4402, DD: 0 pips; MP: 80pips. This was a trend trade that we closed late US session for a 40 pip profit (Note: entry was our 2-4 pip exception).

Overall Profit/Loss: +60

Pips this Month: +610
 
Overview of Predictions May 20

Prediction: GU is bearish with signs of some up move…we have resistances at 4463 and 4515/20 also 4420 area and supports at 4285/90 and lower at 4185…Scalp all levels…

Results:

1. Long @ 4285, DD: 2 pips; MP: 19 pips. This was a scalp that moved 19 pips and we got stopped out at zero because stop was moved to BE after 15 pips.

2. Short @ 4420, DD: 5 pips; MP: 30 pips. Trade was closed for 20 pips.

3. Short @ 4460, DD: 0 pips; MP: 45 pips. This was a scalp with an exception entry (2-4 pips) and was closed for 30 pips as a quick move down.

Overall Profit/Loss: +50

Pips this Month: +660
 
Overview of Predictions May 24

Prediction: GU is at a strong resistance at 4495/4505, if broken we will have a long outlook but for now we are still bearish with resistances at 4575 and higher up at 4595… supports are at 4395 and lower at 4330/35…scalp middle levels and trend top and bottom…

Results:

1. Long @ 4395, DD: 15 pips; MP: 0 pips. This was a scalp that the market did not respect for a -15 pips.

Overall Profit/Loss: -15

Pips this Month: +645
 
Overview of Predictions May 25

Prediction: GU is still very bearish with supports at 4300 and lower at 4285 and a strong level at 4240/35…resistances are at 4375 and higher up at 4455…scalp middle levels and trend top and bottom…

Results:

1. Long @ 4300, DD: 15 pips; MP: 5 pips. This was a scalp that took out our stop at -15

2. Long @ 4285, DD: 9 pips; MP: 18 pips. This scalp level did not move to our limit and stopped at BE.

3. Short @ 4375, DD: 8 pips; MP: 18 pips. This was our scalp level that did not give us enough for our limit.

Overall Profit/Loss: -15

Pips this Month: +630

Overview of Predictions May 26

Prediction: We have a bearish outlook on GU with resistances at 4425 and higher up at 4465 with supports at 4315/20 and lower at 4240…Trend top level and scalp the rest…

Results:

1. Short @ 4424, DD: 0 pips; MP: 23 pips. This was a scalp trade which hit our limit….also this level was very much respected by the market later in the trading day…

Overall Profit/Loss: +20

Pips this Month: +650
 
Overview of Predictions May 27

Prediction: GU starting to turn up a bit with resistances at 4520/25 and hgher up at 4570/75…supports are at 4445 area and lower at 4415…Trend long and scalp short….

Results:

1. Short @ 4520, DD: 15 pips; MP: 0 pips. This was a scalp level that got stopped for a 15 pip loss.

2. Short @ 4570, DD: 15 pips; MP: 100+ pips. This was a scalp level even though the market gave us more than our 20 pip limit, we closed for +20.

3. Long @ 4415, DD: 7 pips; MP: 150+ pips. This was our trend trade that we had to close at our top resistance level at 4570 for a 155 pip trade.

Note: One level that was not reached at 4445 by 4 pips did meet our exception as an entry but since our EA did not trigger this trade we did not count this one. Price missed by 4 pips the first time and moved 100+ pips so when price fell the second time we ignore this level and take the next one.

Overall Profit/Loss: +175

Pips this Month: +825
 
Overview of Predictions May 28

Prediction: GU is still bullish with resistances at 4640 and higher up at 4675 with supports at 4525/30 and lower at 4465…Scalp middle levels and trend top and bottom levels….

Results:

1. Long @ 4525, DD: 1 pip; MP: 24 pips. This was a scalp that hit our limit at +20.

2. Long @ 4565, DD: 25 pips; MP: 10 pips. This was our trend trade that we got stopped out for a -25 pip trade.

Overall Profit/Loss: -5

Pips this Month: +820

Overview of Predictions May 31

Prediction: GU is in a minor range with resistances at 4525/30 and higher at 4595/4600..supports at 4375/80 and lower at 4340…Scalp middle levels and trend top and bottom….

Results:

1. Short @ 4525, DD: 6 pips; MP: 19 pips. This was our scalp level that did not give enough to hit our limit and stopped us out at BE.

Overall Profit/Loss: 0 pips

Pips this Month: +820


Dear traders,

I had another great month and made 820 pips in May. During the months of February and March I posted predictions for GBP/USD currency. At this point, I am only posting overview of yesterday’s prediction. My analysis and signals are now a paid service. If you want to sign up or receive more information, please visit my website at forexfocustime.
 
Overview of Predictions June 1
Prediction: GU is still ranging with resistances at 4565 and higher up at 4595…supports at 4440 and lower at 4385…Trend long, scalp short….

Results:

1. Long @ 4440, DD: 2 pips; MP: 275. This was a trend trade that we hold to our top resistance which was a 155 pip trade.

2. Short @ 4595, DD: 15 pips; o pips. This was a scalp trade that was stopped for -15 pips.

Overall Profit/Loss: + 140

Pips this Month: +140
Overview of Predictions June 2

Predictions: GU is bullish but running into some 4h/d1 resistances….we have resistance at 4780 and and 4805…supports are at 4675 and lower at 4630 and key level at 4605…Trend top and bottom and key level, scalp others…

Results:

1. Long @ 4675, DD: 14 pips; MP: 29 pips. This was a scalp trade that hit our tp at 20 pips.

2. Long @ 4630, DD: 0 pips; MP: 60 pips. This was a trend trade that did not hit any of our resistances and we got stopped out at BE…

3. Long @ 4605, DD: 25 pips; MP: 28 pips. This was a trend trade that we got stopped out for -25 pips.

Overall Profit/Loss: -5

Pips this Month: +135

Overview of Predictions June 3

Prediction: GU at some resistance levels on h4…we have resistances at 4740/45 and higher up at 4785/90…supports at 4660/65 and lower at 4590/95, 4605/10 is also a support on h4…Trend bottom and top levels and scalp the rest…

Results:

1. Short @ 4740, DD: 2 pips; MP: 100+ pips. This was a scalp trade that was closed for 20 pips, market moved much more from this level.

2. Long @ 4660, DD: 5 pips; MP: 16 pips. This was a scalp that was stopped at BE as we move SL after 15 pips in plus.

3. Long @ 4590, DD: 4 pips; MP: 50 pips. This was a trend trade that was closed at 2 pm EST for a 40 pip profit.

Overall Profit/Loss: +60

Pips this Month: +195

Overview of Predictions June 4

Prediction: GU looks like its stacking up to go short (400 pips down to double bottom, this is a longer term outlook) so our outlook is bearish with resistances at 4685/90 and higher up at 4720…if price falls below last low at 4685 to 4610, then first support we see is at 4565, then 4530 and good support at 4440…Trend short and scalp long (NFP today so trade with caution around that time as price ignores levels at this time…)

Results:

1. Short @ 4681, DD: 0 pips; MP: 200+ pips. This was a trend trade that we entered with exception (2-4 pips) and we hold to our support at 4440 but we closed at 2 pm EST for 195 pips.

Note: Since we are in a trend trade we ignore supports till the last level. In our notes we were very bearish on GU this Friday…

Overall Profit/Loss: +195

Pips this Month: +390
 
Overview of Predictions June 7

Prediction: GU is bearish in our eyes with resistances at 4465 and 4540…supports at 4410 and lower at 4360…Trend top level and scalp the rest…

Results:

1. Long @ 4410, DD: – 15 pips; MP: 6 pips. This scalp trade got stopped out after going a little bit into profit.

2. Short @ 4465, DD: 1 pip; MP: 16 pips. This was a scalp trade that was closed at BE as price moved enough to move SL.

3. Short @ 4540, DD: 22 pips; MP: 100+ pips. This was our trend trade that that held up our SL and was closed at 2 PM EST for a 70 pip profit.

Overall Profit/Loss: +55

Pips this month: +445
 
Overview of Predictions June 8

Prediction: GU is still bearish to us with supports at 4455 and lower at 4410 with resistances at 4560 and higher up at 4605. Trend top level and scalp the rest…

Results:

1. Long @ 4455, DD: 15 pips; MP: 0 pips. This scalp trade got stopped as negative news came our for GU.

2. Long @ 4410, DD: 15 pips ; MP: 9 pips. This scalp was also affected by a news move and got stopped for -15

Overall Profit/Loss: -30

Pips this Month: +415

Overview of Predictions June 9

Prediction: GU is still bearish with our longer term prediction which we posted last week is still at double bottom around 4230 area…our supports are at 4305 and lower at 4255…resistances at 4480/85(risky), 4505/10 and higher up at 4550/55…Trend top level and scalp the rest…

1. Short @ 4485, DD: 3 pips; MP: 50 pips. This was a scalp trade that we took 20 pips from…

2. Short @ 4505, DD: 5 pips, MP: 2o pips. The scalp trade gave a little more than 20 pips from the level we stated for a 20 pip trade.

3. Short @ 4550, DD: 0 pips; MP: 27 pips. This trend trade got stopped out for -25 pips as it didn’t give us enough green pips to put SL at BE.

Overall Profit/Loss: +15

Pips this Month: +430
 
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