Inside the Currency Market: Trade Recommendations #17-20, EU, UC, NJ, UJ, GJ, EJ

Since Oct 25th, Trades 17 - 20 concludes the month long exercise with my friend Peter to prove: 1. Exchange rate targets are predictable. 2. I can hit targets based on mathematical calculations employing 8 different moving averages. 3. I can hit 20 of 20 trade targets and profit without loss. So far, 15 posted targets hit exactly with two additional trades for 1156? pips thereabouts. Granted, a few entries weren't perfect yet targets hit. Constructive criticism is accepted. The operable word is constructive.

Never in my imagination did I suspect these trades would become the subject of intense debate and scrutiny. I proffer with hope that new traders would become better in their chosen craft and all would garner a greater understanding of currency pairs and price movements.

I reiterate, trades offered are educational therefore please manage own risk. Targets will hit, that's written in mathematical stone but market events may cause price deviations so must wait until prices continue their intended price path to target.

To all the good people and traders at Fxstreet, I offer thank you's. To Francesc Riverola and the team at FX Street I offer thank you's for all support. Without further ado

NZD/JPY = Current sell 65.83 target 65.05 is minus 198. This trade will be brought back to health and target.
Sell 67.81, target 65.83, + 198 pips. Breakeven would establish. Continue sell 65.83, target 65.05, + 78. Or remain in original 67.81 sell to 65.05 target for + 276.
Downside targets= 67.33, 67.10, 66.86, 66.30, 66.26, 65.78, 65.23.

USD/JPY = Sell 81.30 target 80.56 currently minus 107 pips. Back to health and target.
Sell 82.37, target 81.30 + 107, at breakeven. Continue to 80.56 + 181. Exit at 81.30 and continue to target 80.56 + 74. Downside targets = 82.28, 81.80, 81.11, 80.97, 80.27,80.07.

GBP/JPY = Sell 132.03 target 131.07, + 96. All Downside targets= 131.59, 131.07, 130.29, 129.41, 129.46, 128.43, 127.68.

EUR/JPY Sell 106.87 Target 105.74 + 113. All downside Targets = 106.29, 105.74, 105.59, 104.92, 104.33, 103.50, 102.68.

EUR/USD Sell 1.2975 Target 1.2915 +60. All downside targets = 1.2915, 1.2891, 1.2857, 1.2832.

USD/CHF Long 0.9273 Target 0.9344 +71. All Upside targets = 0.9293, 0.9296, 0.9344, 0.9345, 0.9369, 0.9390

For my friends in India.

EUR/INR Sell 71.933. Targets = 71.341, 71.042, 70.740, 70.507, 70.423, 70.385, 70.261.

I'm Brian Twomey, my book is Inside the Currency Market: Mechanics, Valuation and Strategies. The book, reviews, interviews are found at btwomey.com. Reviews are offered by the Australian Investors Association and Yale University professor/market trader Brenda Jubin. Thank you

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Comment by Srinivas dev on December 5, 2012 at 6:17pm: In other words Is it a right time to Short Eurusd and When do you anticpate 1.2900 levels?

Thanks

Comment by Brian Twomey on December 5, 2012 at 7:06pm: Hi Sri, EU down to low 2900's. If any upside is left, its not much. More profits in the downside than up. The averages have been screwy all week, GU too only worse. That's why GU is essentially stuck. The big short is coming for GU as it sets up now

Comment by Forex Trader on December 5, 2012 at 7:12pm: srinivas i can sense from your writing you caught short on Euro ;)

Comment by Srinivas dev on December 6, 2012 at 1:21am: Yes Forex trader I am caught on Euro but under control

Comment by Srinivas dev on December 6, 2012 at 1:25am: Thanks Brian , would watch closely Eurusd and I hope We have a good trading days for the week

Comment by Forex Trader on December 6, 2012 at 8:12am: wish u luck mate ahead of ECB , looks like euro is sell on rally on ay news mate so BT has correct view here

Comment by Serg Шеховцов on December 6, 2012 at 10:35am: i was not here for a 2 weeks - and may be something lost:

Rec #14 Sell NZD/JPY 65.83 NOW 68.43
Rec #16 Sell USD/JPY at 81.21 NOW 82.40

Rec #17-20

NZD/JPY Sell 67.81 NOW 68.43
EUR/JPY Sell 106.87 NOW 107.73
USD/CHF Long 0.9273 NOW 0.9267
EUR/USD Sell 1.2975 NOW 1.3077
USD/JPY = Sell 81.30 NOW 82.40
GBP/JPY = Sell 132.03 NOW 132.73

TOTAL - ~820 pips (minus 820 pips) for now

please somebody, correct TOTAL result for now

correct only total result at the present moment of all Brians open Recommendations (i don't read all, and may be some positions were close)

Rerards,

Serg

Comment by Peter jcp on December 6, 2012 at 10:44am: Hi Serg - will defend Brian here - some of those trades did close with target and profit. I forget whether its 3 or 4 still open - but will check later and I know Brian will confirm.

We were awaiting all 20 to close and then Raj was going to do a full review etc etc.

Regards

Peter

Comment by Brian Twomey on December 6, 2012 at 11:01am: Forex Trader, Thank you my friend. The Thomson Reuters MA models, my model and another buddy's model were written about yesterday in a TR EU commentary, all confirm EU to the 1.2915 /25 area and sell rally strategy. So others see the same

Comment by Brian Twomey on December 6, 2012 at 12:35pm: Peter, Check the models in Danske Bank's Top Trades for 2013 on right. In future research releases, I want to show you their Relative Strength and DMI models to build on our forecasting conversation. The Danske guys are smart and one of my favorites personally

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