Daily Forex Signals by The Forex Army

TFA

TFA

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Hi everyone,

I'll be using this thread to post my daily trading signals. They are mainly scalping and day trading signals (sometimes swing trading signals). They are generated by an algorithm but I'll create a separate analysis on it to explain how it was generated.

I have a free MT4 signal table to track all of this signals (you can even choose to autotrade the signals or copy them directly from the table). You can download it at the bottom of this post.

TFA Signal Table.jpg


The MKT button means market order. PEND button means pending order. VIEW links to our analysis of the signal.

The autotrade function allows you to automatically copy trades based on your preset criteria.

Autotrade Function.jpg


A bit of a background on the algorithm: It was created by a team of 4 people (CMT, CFTe, CFA certified, ex-advisors to the trading desks of banks and hedge funds) and it finds levels of strong Fibonacci confluence (retracements and extensions). It relies a lot on chaos theory. Occasionally adding in correlations, graphical support/resistance and price action.

Each signal comes with an entry, stop loss, take profit and risk allocation (in percentage terms). At the same time, to the best of my ability, I will include the analysis on how I got the signal.

I hope these signals will help us all make some good money together. I will be constantly posting and updating them along the way :)

Cheers,
Desmond from The Forex Army
 

Attachments

  • TFA Signal Table V8.ex4
    153.7 KB · Views: 322
BUY Signal on AUD/NZD.

Entry is at 1.0468 which is a 1.272 Fibonacci extension and 78.6% Fibonacci extension.
Stop loss is at 1.0454.
Take profit is at 1.0476.

Please see GIF below on how we got the fibonacci extension levels.

audnzd 4th march signal.png


4th March AUDNZD signal.gif
 
If the price extension exceeds the given value, how much tolerance do you give it before you decide to invalidate the trade?
Is the above trade still valid, or has it been cancelled?
 
trendie said:
If the price extension exceeds the given value, how much tolerance do you give it before you decide to invalidate the trade?
Is the above trade still valid, or has it been cancelled?
Click to expand...

Hi buddy, the above trade is now invalid. However, could I understand what you mean by price extension exceeding the given value?

In my view, if the price makes a higher high, the previous Fibonacci extension taken will be invalidated. Hope this answers your question.
 
5th March 2020

AUD/NZD BUY Signal

Entry is at 1.0487 which is a 61.8% Fibonacci extension and 38.2% Fibonacci retracement.
Stop loss is at 1.0473.
Take profit is at 1.0495.


Please see GIF below on how we got the levels.
image (2)signal.png

5marAUDNZDsignal.gif
 
Last edited:
5th March 2020

EUR/GBP BUY Signal

Entry is at 0.8597 which is at 38.2% fibo retracement and 61.8% fibo extension.
Stop loss is at 0.8528.
Take profit is at 0.8635.

Please see GIF below on how we got the levels.

eurgbpella5martable.png
eurgbpella5mar.gif
 
5th March 2020

EUR/AUD BUY Signal

Entry is at 1.6494 which is at 78.6% pullback extension and 61.8% retracement.
Stop loss is at 1.6384.
Take profit is at 1.6594.


Please see GIF below on how we got the levels.
image.png
euarudlixing5mar.gif
 
6th March 2020

AUD/NZD BUY Signal

Entry is at 1.04601 which is at 61.8% and 50% retracement and 100% extension.
Stop loss is at 1.04477.
Take profit is at 1.04744.


Please see GIF below on how we got the levels.
image.png

AUDNZD6marSignal.gif
 
6th March 2020

NZD/CAD BUY Signal

Entry is at 0.8415 which is at 78.6 and 100 Fibonacci extension and 61.8 fibonacci retracement.
Stop loss is at 0.8401.
Take profit is at 0.8429.


Please see GIF below on how we got the levels.
image.png
NZDCAD6MAR.gif
 
6th March 2020

GBP/NZD SELL Signal

Entry is at 2.062 which is at Point D in a Harmonic Bat Pattern, 161% Fibonacci extension level.
Stop loss is at 2.0688.
Take profit is at 2.0494.


Please see GIF below on how we got the levels.
image.png
gbpnzd6mar.gif
 
9th March 2020

EUR/GBP SELL Signal

Entry is at 0.8788 which is at 61.8% Fibonacci extension and 50% retracement.
Stop loss is at 0.9035.
Take profit is at 0.8604.


Please see GIF below on how we got the levels.
image.png
eurgbpmar9signal.gif
 
10th March 2020

NZD/CAD SELL Signal

Entry is at 0.876 which is at 50% Fibonacci retracement and 88% Fibo extension.
Stop loss is at 0.8906.
Take profit is at 0.8613.


Please see GIF below on how we got the levels.
nzdcadsignal10mar.png
NZDCADsignal10Mar.gif
 
12th March 2020

EUR/GBP SELL Signal

Entry is at 0.8947 which is at 78.6% Fibonacci extension and 61.8%Fibonacci retracement.
Stop loss is at 0.903.
Take profit is at 0.8832.


Please see GIF below on how we got the levels.
eurgbpSignal.png
EURGBPsignal12Mar.gif
 
13th March 2020

EUR/USD BUY Signal

Entry is at 1.1182 where we are expecting a bounce above this level to our take profit level at 1.1258.
Stop loss is at 1.1152.
Take profit is at 1.1258.


Please see GIF below on how we got the levels.
eurusd13marSignal.png
EURUSD13marSignal.gif
 
17th March 2020

EUR/CHF BUY Signal

Entry is at 1.0554 at 78.6% Fibonacci extension and 200% Fibonacci retracement.
Stop loss is at 1.0496.
Take profit is at 1.0602.


Please see GIF below on how we got the levels.

EURCHF17mARsIGNAL.png
EurchfSignal17Mar.gif
 
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