Comment by Brian Twomey on November 16, 2012 at 12:20pm

Hi Peter,  NJ  1/2 way to target. That trade will be fine. GBP/NZD bounced from 56, on way to target, NU minus 16, on way to target

Comment by Brian Twomey on November 16, 2012 at 12:23pm

Hi Deb Roy, AU is the brother to NZ, same pair, different names, different sovereigns

 

Comment by Peter jcp on November 16, 2012 at 12:45pm

Hi Deb Roy ( or is Roy?) - agree with you - that's why I interested in its success - as I trade short term with the flows - but would love to have an additional method for forecasting over 50 + pips with an high probability success rate ( ie 80%+ ). 

Supports and Resistance levels are so important - and now on the EU I am looking to buy more over 2741 and 2750 with the lower supports holding. If however we go under current low of 24 then will review again etc With NU will look at buys later now Brian as forecasted higher but like the EU have been selling meanwhile.

Have a good day 

Regards 

Peter

Comment by Brian Twomey on November 16, 2012 at 12:55pm

Hi Deb Roy,  if I'm certain of target for GJ at 127.02 and sell at 127.60 but price rose to 128's from 2 day market close, you have a "market gift" to add to positions for a greater profit. It depends where the trades were called from the curve

Comment by Diana Nuwayhed on November 16, 2012 at 1:22pm

Brian you are saying that we can sell GJ now at this level for a target 127.02???

Comment by Brian Twomey on November 16, 2012 at 1:31pm

Hi Diana,  No. No that was an older trade

Comment by Diana Nuwayhed on November 16, 2012 at 1:38pm

Okay Brian, sry i understood it wrong! 

Comment by Deb Roy on November 16, 2012 at 3:11pm

Hi Brian,  Looks like EUR-USD is going south again. Any comment?? It has to reverse vigorously to hit your recommendations of hitting 2850.

 

Regards

Comment by Brian Twomey on November 16, 2012 at 6:01pm

Peter, TRADE UPDATE. NJ sell 65.83 target 65.05, fully confident of target. GBP/NZD sell 1.9572 target 1.9517, fully confident of target. Today's benchmark support = 1.9569. NU Long 0.8100 to Target = 0.8153 fully confident of target. EU Long 1.2850, target =1.2919, not confident of target. Next target= 1.2787. Will reevaluate then.

 Regarding EU 1.2879 questions. Traditionally, Major banks research reports, report prices that are historical averages. UBS for example reports 1.2879. Those are not targets only historical averages. I find 1.2864 as my historical average to show bank's various slight discrepancies.

 Lastly, My trades are 20, educational, that's it. I'm not competition to others in coaching, mentoring or trade signal businesses. I've helped a few over my years and may help a few over upcoming years but outright full blown businesses was never my goal with posting of my trades. Because I deeply understand markets and prices both technical and fundamental from years in the markets, my priorities are my research projects to find that ever greater understanding in the fascination of markets.

Comment by Peter jcp on November 16, 2012 at 9:35pm

Afternoon / evening Brian - been out for tea and shopping trip last four hours ( could not get out of it - daughters 18th birthday this week ;-)) and just looking as market as it now closes.

I think my biggest concern today was on the Gbp /Nzd going through its resistance at 9660. Thankfully it didn't and as now dropped over 100 pips from this high - and resting at the support it tried to crack through earlier on today. If it does let go  Sunday / Monday - then I think that one will be in the bag for you.

With regards to NU and NJ - for me will all depend on the S & R's again - but encouraged with EU going back up over 2724 again - as I had thought that might have tried the low again with the NU then falling lower through supports as well.

I am pleased you will re evaluate over the weekend and Monday - as I think in this dynamic confused ( and manipulated) market you need to - otherwise you might need stops over 200 pips etc - and we don't want that for 50 -70 pip targets.

Have a great weekend Brian

Regards 

Peter

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