Inside the Currency Market: EUR/USD Trade # 9 and # 10 Update

Trade Recommendation 9 ---Sell EUR/USD at 1.2850 to 1.2922 is ongoing and for now will remain ongoing. This trade was recommended on NFP Day, Nov 2. When a clearer picture becomes evident, I will immediately post.

Trade Recommendation 10-- Long EUR/USD at 1.2750 to 1.2850 remains as the 1.2850 target will hit for + 100. All will see 1.2851 hit but only target 1.2850. At this time, I will reevaluate Trade recommendation # 9 at the 1.2850 entry. If the 1.2850 entry trade is not viable, we bail out at breakeven. Yet I highly doubt I am wrong just delayed due to NFP's. Yet it still deserves an evaluation. Scalpers can short 1.2851 for the quickest 10, 20 pips ever earned. I will.

I count 8 closed trade recommendations since October 25 where all targets hit for + 730 pips total. More recommendations are on the way. The goal is 20 straight trades, each with 50 pip minimums and 20 targets hit for at least 1000 pips. No losses. As it stands, I may have to raise the 1000 target to 1500---2000.on the 20 trades.

A public thank you to Francesc Riverola, the team at Fxstreet and the many kind words and comments from many here on the Street. I'm Brian Twomey. Interested readers will find my book, Inside the Currency Market: Mechanics, Valuation and Strategies at btwomey.com.

7 members like this

Comment by Jason on November 9, 2012 at 4:54am: Hi Brian
Nice to see your posts and you doing so well.
Well done and congratulations.
Have not been posting as I was.away for a few days.
Looking forward to more guidance from you.
Take care.

Comment by santosh nikam on November 9, 2012 at 6:11am: Brian, You are doing exceptionally well. Today I am long at 1.2747 as per your call. Thanks

Comment by Abok Patrick on November 9, 2012 at 6:58am: nice super progress - and massive yield, keep it happy and looking foreword to learning more-

laterz

Abok

Comment by Peter jcp on November 9, 2012 at 7:05am: Morning Brian - keep up this good work for the benefit of all traders on this forum to follow as they see fit.. Just a small point so not to confuse anyone just started following - as a typo I think - first line you said -

Trade Recommendation 9 ---Sell EUR/USD at 1.2850 to 1.2922 is ongoing and for now will remain ongoing. This trade was recommended on NFP Day, Nov 2. When a clearer picture becomes evident, I will immediately post.

You mean buy EU at 1.2850 to 2922 ( although thought it was revised to 2917?) not sell - unless you review nearer the time - as trade 10 is the EU buy from 2750 to 2850 ?

Have a good day and look forward to trade 11 onwards

Regards

Peter

Comment by Deb Roy on November 9, 2012 at 10:37am: Hi Brian,

I was following your posts recently. If your trading techniques can help anyne predict the outcome even 60%, I would imagine that is great. But I'm not sure if that would require compex calculations etc. One of the way to prove your methods work is to provide recommendations in terms of predictions (as you are doing).

Currently I'm following your recommendation of buying EUR @2750 to see if it works.

Thanks,

Roy

Comment by Brian Twomey on November 9, 2012 at 12:18pm: Hi Deb,Roy 8 trades hit targets exactly, That wasn't a luck streak. I know exactly what I'm doing. my accuracy is better than 80% 85% over a longer term. My current 2 EU trades were called from shorter term averages.The 253 day average is dictating this move.

Comment by Arpad Puhalak on November 9, 2012 at 12:22pm: Hi Brian. Nice work.

Let me ask you a question regarding trading recommendation no.:10, LONG EURUSD @1,2750 to 1,2850 - the price is at the moment of writting @1,2717/25, would you suggest entering Long at this price level, or would you wait for 1,2750 perhaps as some kind of confirmation for up move

Thanks, Rgds

Arpad

Comment by Serg Шеховцов on November 9, 2012 at 12:40pm: Brian, your target 1.2850

could it be after 1.26?

Comment by Brian Twomey on November 9, 2012 at 12:46pm: Arpad, I'm long to 1.2850. If I'm wrong and I highly doubt it, I eat it as my trades are live