Inside the Currency Market: No EUR/USD Trade Yet, GBP/JPY Update
Current 1.2958 price fails to meet the 50 pip trade recommendation requirement due because the averages signal nothing and because they are out of sync. A dead neutral market is presently upon us. When the requirement is met today, I will post immediately. Good lesson for beginners, don't trade unless a trade exists for an entry and exit.
GBP/JPY. My present 127.02 target remains. The overall target for this 100 day average move is raised to 126.92, up from 126.81 yesterday. My Mathematical Stops called benchmarks are found today at 128.71, 128.45, 128.27, 127.72. If the overall 100 day target is raised above 127.02, and my target can't be achieved, I will declare a loss on this trade and take the financial hit to stay true to my word and overall objective. Yet I don't see it happening at this point.and I'm confident in my skills, abilities and calculations to know my target will be achieved.
Review. Trade Recommendation # 1 Sell EUR/USD at 1.2995 to 1.2922, + 73 pips.
Trade Recommendation # 2 Sell EUR/JPY at 104.15 to 101.78 for + 244 pip profit, currently + 32 pips in the money with target secured at this stage.
Trade Recommendation # 3 Buy EUR/USD at 1.2891 to 1.2974. + 83 pip profit.
Trade Recommendation # 4 Buy EUR/USD at 1.2895 to 1.2952, + 57 pip profit.
Trade Recommendation # 5 Sell GBP/JPY at 127.60 to 127.02, currently 166 pips out of the money.
Trade Recommendation # 6 Sell GBP/JPY at 128.64 to 127.02 target,currently 65 pips out of the money.
Trade Recommendation # 7 Sell EUR/USD at 1.3007 to 1.2945, + 62 pip profit
Overall + 104 to include the GBP/JPY out of the money pips.
I'm Brian Twomey, my book Inside the Currency Market with reviews, interviews and contacts are found at btwomey.com
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Comment by Peter jcp on November 8, 2012 at 6:07pm -
Well done again Brian - GJ finally made 127.02 ;-)
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Comment by Peter jcp on November 8, 2012 at 6:34pm
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In fact the EJ and GJ together have now gone over 100 pips past your targets - great trades;-) - but meanwhile the EU which should be dropping like EJ is "flat" near its present low. - strange ?
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Comment by Noel on November 8, 2012 at 6:46pm -
Brian, Congrats a truly remarkable performance. I've no doubt eur usd will get to your target, not that I need to convince you !!! I look forward to more of your forecasts. You are a master !!
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Comment by Brian Twomey on November 8, 2012 at 7:48pm
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Hi Marco, thank you Marco, thank you very much
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Comment by Brian Twomey on November 8, 2012 at 7:51pm
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Hi Peter, I see the GJ target hit at 127.02. EU is now coming back towards my targets, its confirmed by GJ and EJ
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Comment by Brian Twomey on November 8, 2012 at 7:58pm
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To All, Despite a delay, GBP/JPY trade recommendation to sell at 127.60 and further sell at 128.64 finally hit target at 127.02, + 220 pips. Of 10 trade recommendations, all hit targets. EU is on the way back now to hit its target. Thank you to all for kind words
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Comment by Diana Nuwayhed on November 8, 2012 at 8:22pm -
Superrrrr trades!! Brian really you are amazing & Genius !! im amazed :)
waiting for you next upcoming trades ..
GL
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