Inside the Currency Market: Trade Recommendation # 11 EUR/USD,and # 12 EUR/JPY

Trade recommendations posted here are educational to prove that math predicts markets. To honor my recommendations, I take these trades so my own dough rides with their success or possible failures. Failures are rare days but it occurs.

Posted here are trades 11 and 12 of 20. All trades posted must have minimum targets of 50 pips which I honored. The goal is 1000 pips in 20 trades without a loss. So far, 9 trades closed for 730 pips banked.

2 trades are open, # 8 long EUR/USD at 1.2850 to 1.2919, for + 69, currently down minus 138. Will reevaluate as EUR/USD progresses. Confident of target at this point.

Trade # 9 Long EUR/USD at 1.2750 to 1.2850 for + 100 pips. Fully confident of target though minus 38 pips.

New Trades

Recommendtion # 11. Long EUR/USD at 1.2712, Target = 1.2769, + 57 pips. Mathematical Stops, benchmarks = 1.2714, 1.2740, 1.2746, 1.2749.

Recommendation # 9 Mathematical Stops, benchmarks to 1.2850 = 1.2796, 1.2803, 1.2835, 1.2845.

Trade Recommendation # 12. Long EUR /JPY at 101.01, Target = 101.64, + 63 pips. Mathematical Stops, Benchmarks = 101.10, 101.13, 101.27, 101.36, 101.40, 101.45, 101.55.

Downside Mathematical Stops, Benchmarks = 100.97, 100.96, 100.94, 100.93, 100.88, 100.74, 100.61.

I'm Brian Twomey, interested readers my book is Inside the Currency Market found at btwomey.com, not a book for the novice respectfully.

11 members like this

Comment by Meskatul Anowar on November 11, 2012 at 3:46pm: nice analysis but what will happened if something surprise news came form EU.

Comment by Brian Twomey on November 11, 2012 at 4:15pm: Meskatul, because prices are statistically based as well as a trend therefore adverse news to a price trend only derails the trend temporarily until it resumes its course. EUR/JPY is headed to 102.15 as its statistical price trend. News may set it back but that trend will prevail

Comment by Peter Belinskis on November 11, 2012 at 8:38pm: Brian, happy to see the disclaimer. Just a suggestion for making it clearer.

Trade recommendations posted here are educational to prove that math predicts markets. "Before blindly or thoughtlessly entering any trade, you should carefully consider your investment objectives, level of experience, and risk appetite because I take no responsibility for any losses incurred as a consequence of engaging in these trades."

As regards Romano's comment that it should not be necessary because there is a blanket disclaimer - perhaps but then why each time a person speaks or passes commentary on the market do they read out a disclaimer.even though there is a blanket disclaimer in place. I believe that It is something about the law in the USA and you, i believe, are in the USA.

On another topic - the poll - there were 3 analysts who are bullish on the EUR. The 3rd was Joshua Martinez. He believes it will hit 1.3000 this week so even more bullish than your prediction. I have encountered him before and have a great deal of respect for his trading abilities.

Regards

Peter

Comment by Brian Twomey on November 11, 2012 at 9:36pm: Hi Peter B, I struggled as to how strong, how weak, how in depth and detail I should write the disclaimer so instead of taking more time, I wrote it as I did. It was Sunday morning here and I had to get to church. My trades are dead on anyway.

I don't know Joshua Martinez. I did notice Marrillo Curillo, spelled wrong I'm sure, his forecast is 1.2835, I so far see this week at 1.2845 and EUR/JPY at 102.15 so not bad for Marrillo. I like him whoever he is

Comment by Diana Nuwayhed on November 11, 2012 at 10:42pm: Hi brian, how are u? well the target for the EUR/JPY's long is 101.64 or 102.15 as u've mentioned in ur last comment?

Comment by Brian Twomey on November 11, 2012 at 11:07pm: Hi Diana, I'm fine fine, hope you are as well. Overall move I see 102.15, the actual trade to 101.64

Comment by Brian Twomey on November 11, 2012 at 11:52pm: Oasis, never necessary, it comes for nothing so rackup

Comment by Deb Roy on November 12, 2012 at 2:29am: Hi Brian, is is possible to post your analysis (the why) for these recommendations please?

Comment by Peter Belinskis on November 12, 2012 at 4:31am: Hello Brian

I have done a few calculations on the EURUSD as below as at 22:00 (10:00 pm) GMT. Friday.. The new day starts for all transactions after that time and are rolled over and included in Monday's figures.

253    1.2824    0.0345

200    1.2747    0.0335

100    1.2673    0.0175

50    1.2949    0.0096

20    1.2930    0.0111

10      1.2851    0.0087

5        1.2774    0.0036

I hope these figures are ion line with those you have calculated.

Regards

Peter

Comment by Peter Belinskis on November 12, 2012 at 5:32am: Hello again Brian

Done some calculations on the EURJPY as below.

253    101.88 4.035

200    101.40 3.83

100    99.70 0.79

50 102.06 0.51

20    103.19     1.045

10    102.88 1.12 .

5    102.57     0.755

Please note - all calculations are on the sell price on the charting software and do not take into account the broker spread.

Be interested to know how close I am to your calculations so far.

Regards

Peter