At the beginning of October 2012, a new member of Forexstreet.net named Brian Twomey started blogging here at Forexstreet.net. I thought: "look another one trying to sell his stuff.... He won't last...". Certainly Brian had written a book and he was referring to his book at the end of each blog post he was making. Fair enough.
But then Brian decided to run an amazing exercise that turned things upside down: He decided to go for 20 trade recommendations to prove (using his own words):
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.
On Brian's words: "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."
Now Brian is one of the most respected members of our community, not just for the accuracy of his calls, but for the interaction he has been having with all of us. I am not sure what the future will bring us all, but I certainly must thank Brian for his great contribution to our community.
Many of us are now better traders thanks to you.
Read please Thank you Brian Twomey from network's member Oasis
President & Founder at FXstreet.com and now Community Manager at Forexstreet.net ;)
20 Trade Recommendations, 20 Reasons To Visit Forexstreet.net:
Trade Recommendation # 1 Sell EUR/USD 1.2995 to 1.2922 hit for +73 pips
Trade Recommendation # 2 Sell EUR/JPY at 104.15 to 101.71 target for 244 pip profit is in th...
Trade Recommendation #3 buy Eur/USD at 1.2891 to 1.2974 for + 83 pip
Trade Recommendation # 4 Buy EUR/USD at 1.2895 to 1.2952, target hit for + 57 pip profit.
Trade Recommendation # 5 Today Sell GBP/JPY at 127.60 to 127.02. Profit = 58 pips
Trade Recommendation # 6 EUR/USD at 1.3007 to 1.2945, profit = 62 pips
Trade Recommendation # 7 GBP/JPY I have a 1 lot sell at 127.60 and 128.64 for my 127.02 tar...
Trade Recommendation # 8 Sell GBP/CHF at 1.5088 to 1.5034, + 54 pips
Trade Recommendation # 9 Buy EUR/USD at 1.2850 to 1.2922, + 72 pips
Trade Recommendation 10 Long EUR/USD at 1.2750 to 1.2850
Trade Recommendtion # 11 Long EUR/USD at 1.2712, Target = 1.2769, + 57 pips
Trade Recommendation # 12 Long EUR /JPY at 101.01, Target = 101.64, + 63 pips
Trade Recommendtion # 13 Long NZD/USD 0.8100 Target = 0.8153, + 53
Trade Recommendtion # 14 Sell NZD/JPY 65.83, Target= 65.05, + 78
Trade Recommendation # 15 Sell GBP/NZD at 1.9572 to Target = 1.9517, + 55
Trade Recommendation # 16 Sell USD/JPY at 81.21 Target 80.56, + 65 pips
Trade Recommendation # 17 GBP/JPY Sell 132.03 target 131.07, + 96
Trade Recommendation # 18 EUR/JPY Sell 106.87 Target 105.74 + 113
Trade Recommendation # 19 EUR/USD Sell 1.2975 Target 1.2915 +60
Trade Recommendation # 20 USD/CHF Long 0.9273 Target 0.9344 +71
For Brian's friends in India: EUR/INR Sell 71.933. Targets = 71.341, 71.042, 70.740, 70.507, 70.4...