Archive for August, 2008
Forex Trade Alert for USD/CAD.
Forex Trade Alert for Wednesday Aug 08, 2008.
On Aug-08-2008 a candlestick formation confirmed a sell signal. ForexGenie Action: ==> Sell this currency pair gbp/usd 1.0385. Stop at 1.0600. Wave 3 could drop down to 1.0300 or to 1.0050.
Monthly Pivots
The [R3] or the most extreme high trading range is 1.0642.
The [R2] or the extreme high trading range is 1.0458.
The [R1] or the high trading range is 1.0344.
The [P] or pivot point is 1.0160.
The [S1] or the low trading range is 1.0046.
The [S2] or the extreme low trading range is 0.9862.
The [S3] or the most extreme low trading range is 0.9748.
Next Day Trading Session:
If the next day’s close is below 1.0400 then that could be a sign that new downward momentum is beginning.
FOREX GENIE
Forex Trade Alert for - Symbol = AUD/NZD.
Forex Trade Alert for Wednesday Aug 20, 2008.
On Aug-20-2008 a candlestick formation confirmed a buy signal. 4xGENIE Action: ==> Buy this Currency pair at 1.2313. Stop at 1.2145. Wave 5 could rise up to 1.2884 or to 1.2991. NOTE: The width of the Bollinger Bands is expanding which indicates that prices are trending. The CCI is below -100. This currency pair is oversold at this time.
Next Day Trading Ranges for Wednesday Aug 20, 2008.
The 20 day moving average of the daily trading range is 122 pips and the 60 day moving average of the daily trading range is 103 pips. This shows that volatility has increased in the short term. The percentage of updays when the open/low ratio is less than 25% is 76.58 percent. This means that if this currency pair AUD/NZD does not drop more than 31 PIPS from the opening price then there is a 76.58 percent chance that this will be an upday.
Monthly Pivots.
The [R3] or the most extreme high trading range is 1.2384.
The [R2] or the extreme high trading range is 1.2332.
The [R1] or the high trading range is 1.2290.
The [P] or pivot point is 1.2238.
The [S1] or the low trading range is 1.2196.
The [S2] or the extreme low trading range is 1.2144.
The [S3] or the most extreme low trading range is 1.2102.
Next Day Alternate Stops for Wednesday Aug 20, 2008.
The red line to the right on your chart is an extreme support or resistence level for the next trading day.
A good alternative stop is one which is placed just beyond this extreme support/resistance level.
In this particular case if the price drops below 1.2145 then that would show momentum against 4xGenie’s long position and that would be a break out to the downside.
Please Note: These support/resistance levels are calculated by using the previous day’s trading range. Normal volatility may cause a breakout of this value once every 4 or 5 days when prices consolidate.
Current Day Trading Session:
No signs of upward momentum at this time.
Next Day Trading Session:
If the next day’s close is above 1.2313 then that could be a sign that new upward momentum is beginning.
FOREX GENIE
FOREX TRADE ALERTS FOR 12 CURRENCY PAIRS.
Forex Trade Alert for Thursday Aug 21, 2008.
Produced: Wednesday, August 20, 2008
20-Aug-2008 o:103.34 h:104.09 L:103.15 c:103.52 [+.18]
Place a buy stop to buy 1 unit if price rises to 104.451 or higher.
Place a sell stop to sell 1 unit if price falls to 101.529 or lower.
Green Line Short Exit Strategy: Close all short positions on close if price rises to 103.738 or higher. (Above the Green Balance Line)
Red Line Short Exit Strategy: Close all short positions on close if price rises to 104.174 or higher. (Above the Red Balance Line.)
Produced: Wednesday, August 20, 2008
20-Aug-2008 o:1.2217 h:1.2281 L:1.2187 c:1.2247 [+.0027]
Place a buy stop to buy 1 unit if price rises to 1.2803 or higher.
Place a sell stop to sell 1 unit if price falls to 1.2155 or lower.
Green Line Short Exit Strategy: Close all short positions on close if price rises to 1.2546 or higher. (Above the Green Balance Line)
Red Line Short Exit Strategy: Close all short positions on close if price rises to 1.2692 or higher. (Above the Red Balance Line.)
Produced: Wednesday, August 20, 2008
20-Aug-2008 o:95.6 h:96.04 L:95.49 c:95.83 [+.19]
(No Long orders.)
Place a sell stop to sell 1 unit if price falls to 94.63 or lower.
Place a sell stop to sell 1 unit if price falls to 93.13 or lower.
Opposite Direction Short Exit Strategy: Close all short positions if price rises to 96.46 or higher.
Green Line Short Exit Strategy: Close all short positions on close if price rises to 96.93 or higher. (Above the Green Balance Line)
Red Line Short Exit Strategy: Close all short positions on close if price rises to 98.89 or higher. (Above the Red Balance Line.)
Produced: Wednesday, August 20, 2008
20-Aug-2008 o:.8716 h:.8746 L:.8675 c:.8727 [+.0005]
Place a buy stop to buy 1 unit if price rises to .9795 or higher.
Place a sell stop to sell 1 unit if price falls to .8592 or lower.
Green Line Short Exit Strategy: Close all short positions on close if price rises to .8857 or higher. (Above the Green Balance Line)
Red Line Short Exit Strategy: Close all short positions on close if price rises to .9104 or higher. (Above the Red Balance Line.)
Produced: Wednesday, August 20, 2008
20-Aug-2008 o:100.45 h:100.62 L:99.7 c:99.9 [-.59]
Place a buy stop to buy 1 unit if price rises to 103.79 or higher.
(No Short orders.)
Opposite Direction Short Exit Strategy: Close all short positions if price rises to 100.63 or higher.
Green Line Short Exit Strategy: Close all short positions on close if price rises to 101.33 or higher. (Above the Green Balance Line)
Red Line Short Exit Strategy: Close all short positions on close if price rises to 102.32 or higher. (Above the Red Balance Line.)
Produced: Wednesday, August 20, 2008
20-Aug-2008 o:1.6128 h:1.6215 L:1.6125 c:1.62 [+.0071]
Place a buy stop to buy 1 unit if price rises to 1.6351 or higher.
Place a sell stop to sell 1 unit if price falls to 1.6124 or lower.
Place a sell stop to sell 1 unit if price falls to 1.6099 or lower.
Place a sell stop to sell 1 unit if price falls to 1.6091 or lower.
Green Line Short Exit Strategy: Close all short positions on close if price rises to 1.6219 or higher. (Above the Green Balance Line)
Red Line Short Exit Strategy: Close all short positions on close if price rises to 1.6252 or higher. (Above the Red Balance Line.)
Produced: Wednesday, August 20, 2008
20-Aug-2008 o:.7919 h:.7936 L:.7901 c:.792 [+.0004]
Place a buy stop to buy 1 unit if price rises to .7994 or higher.
Green Line Long Exit Strategy: Close all long positions on close if price falls to .7896 or lower. (Below the Green Balance Line. Take the Red Balance Line here because it is above the Green Balance Line.)
Red Line Long Exit Strategy: Close all long positions on close if close is .7896 or lower. (Below the Red Balance Line.)
Place a sell stop to sell 1 unit if price falls to .7866 or lower.
Produced: Wednesday, August 20, 2008
20-Aug-2008 o:162.09 h:162.59 L:161.46 c:161.88 [-.25]
Place a buy stop to buy 1 unit if price rises to 169.34 or higher.
(No Short orders.)
Opposite Direction Short Exit Strategy: Close all short positions if price rises to 162.6 or higher.
Green Line Short Exit Strategy: Close all short positions on close if price rises to 164.25 or higher. (Above the Green Balance Line)
Red Line Short Exit Strategy: Close all short positions on close if price rises to 166.27 or higher. (Above the Red Balance Line.)
Produced: Wednesday, August 20, 2008
20-Aug-2008 o:1.4782 h:1.4806 L:1.4673 c:1.4742 [-.0044]
Place a buy stop to buy 1 unit if price rises to 1.577 or higher.
Place a sell stop to sell 1 unit if price falls to 1.463 or lower.
Green Line Short Exit Strategy: Close all short positions on close if price rises to 1.4987 or higher. (Above the Green Balance Line)
Red Line Short Exit Strategy: Close all short positions on close if price rises to 1.5286 or higher. (Above the Red Balance Line.)
Produced: Wednesday, August 20, 2008
20-Aug-2008 o:2.0367 h:2.0498 L:2.0363 c:2.0455 [+.0085]
(No Long orders.)
Place a sell stop to sell 1 unit if price falls to 2.0345 or lower.
Place a sell stop to sell 1 unit if price falls to 2.024 or lower.
Opposite Direction Short Exit Strategy: Close all short positions if price rises to 2.0532 or higher.
Green Line Short Exit Strategy: Close all short positions on close if price rises to 2.053 or higher. (Above the Green Balance Line)
Red Line Short Exit Strategy: Close all short positions on close if price rises to 2.0579 or higher. (Above the Red Balance Line.)
Produced: Wednesday, August 20, 2008
20-Aug-2008 o:204.66 h:205.16 L:204.15 c:204.4 [-.39]
Place a buy stop to buy 1 unit if price rises to 213.96 or higher.
Place a sell stop to sell 1 unit if price falls to 202.54 or lower.
Opposite Direction Short Exit Strategy: Close all short positions if price rises to 205.17 or higher.
Green Line Short Exit Strategy: Close all short positions on close if price rises to 207.89 or higher. (Above the Green Balance Line)
Red Line Short Exit Strategy: Close all short positions on close if price rises to 210.35 or higher. (Above the Red Balance Line.)
Produced: Wednesday, August 20, 2008
20-Aug-2008 o:1.8666 h:1.8685 L:1.854 c:1.8614 [-.0059]
Place a buy stop to buy 1 unit if price rises to 2.0078 or higher.
Place a sell stop to sell 1 unit if price falls to 1.8537 or lower.
Place a sell stop to sell 1 unit if price falls to 1.8512 or lower.
Opposite Direction Short Exit Strategy: Close all short positions if price rises to 1.8686 or higher.
Green Line Short Exit Strategy: Close all short positions on close if price rises to 1.9026 or higher. (Above the Green Balance Line)
Red Line Short Exit Strategy: Close all short positions on close if price rises to 1.9421 or higher. (Above the Red Balance Line.)
Produced: Wednesday, August 20, 2008
20-Aug-2008 o:78.16 h:78.63 L:77.96 c:78.21 [+0]
Place a buy stop to buy 1 unit if price rises to 78.99 or higher.
Green Line Long Exit Strategy: Close all long positions on close if price falls to 78.11 or lower. (Below the Green Balance Line. Take the Red Balance Line here because it is above the Green Balance Line.)
Red Line Long Exit Strategy: Close all long positions on close if close is 78.11 or lower. (Below the Red Balance Line.)
Place a sell stop to sell 1 unit if price falls to 73.98 or lower.
Red Line Short Exit Strategy: Close all short positions on close if price rises to 78.12 or higher. (Above the Red Balance Line.)
Produced: Wednesday, August 20, 2008
20-Aug-2008 o:.7127 h:.7161 L:.7085 c:.7122 [-.0009]
Place a buy stop to buy 1 unit if price rises to .7762 or higher.
Place a sell stop to sell 1 unit if price falls to .6825 or lower.
Red Line Short Exit Strategy: Close all short positions on close if price rises to .7189 or higher. (Above the Red Balance Line.)
Produced: Wednesday, August 20, 2008
20-Aug-2008 o:1.0609 h:1.0653 L:1.0572 c:1.0603 [-.0003]
Place a buy stop to buy 1 unit if price rises to 1.073 or higher.
Opposite Direction Long Exit Strategy: Close all long positions if price falls to 1.0544 or lower.
Green Line Long Exit Strategy: Close all long positions on close if price falls to 1.0568 or lower. (Below the Green Balance Line)
Red Line Long Exit Strategy: Close all long positions on close if close is 1.0455 or lower. (Below the Red Balance Line.)
(No Short orders.)
Green Line Short Exit Strategy: Close all short positions on close if price rises to 1.0572 or higher. (Above the Green Balance Line. Take the Red Balance Line here because it is below the Green Balance Line.)
Produced: Wednesday, August 20, 2008
20-Aug-2008 o:109.64 h:110.27 L:109.62 c:109.81 [+.17]
Place a buy stop to buy 1 unit if price rises to 110.28 or higher.
Place a buy stop to buy 1 unit if price rises to 110.34 or higher.
Place a buy stop to buy 1 unit if price rises to 110.68 or higher.
Green Line Long Exit Strategy: Close all long positions on close if price falls to 109.52 or lower. (Below the Green Balance Line)
Red Line Long Exit Strategy: Close all long positions on close if close is 108.7 or lower. (Below the Red Balance Line.)
Place a sell stop to sell 1 unit if price falls to 108.37 or lower.
Green Line Short Exit Strategy: Close all short positions on close if price rises to 109.62 or higher. (Above the Green Balance Line. Take the Red Balance Line here because it is below the Green Balance Line.)
Important Notice
When trading it is important to know your risks. If you have only been trading for a short time it is highly recommended that you start with a demo account first. Forex trading is highly risky and normally it takes 3 - 5 years to become a successful forex trader. Only risk that which you can easily afford to lose. Forex trading is not a get rich quick scheme, but if managed carefully, it is an excellent investment.
Remember: NEWS OVERRIDES TECHNICAL ANALYSES !!!!!
http://www.4xgenie.com/News_Charts.html
On Monday Aug, 18. 2008.
OUR PROPRIETARY FOREX TRADING SOFTWARE GENERATED
BUY SIGNALS FOR FOUR CURRENCY PAIRS.
NZD/USD, NZD/JPY, CAD/JPY, USD/JPY.
4XGENIE MEMBERS RECEIVED ENTRY, STOP and LIMIT for USD/JPY,
and we’re waiting for other trades to developed.
Forex Trade Alert for - Symbol USD/JPY.
Forex Trade Alert for Monday Aug 11, 2008.
The Momentum Indicator and ( Partial Dark Cloud Cover ) candlestick pattern indicate a reversal may be coming. I’f you in the trade, It may be wise to exit this trade. Market is holding above the 108.5900 level. 4XGENIE Action: ==> SELL USD/JPY at 109.21. Stop at 110.50. Elloitt Wave 5(b) could drop down to 107.85 or 106.30. The support level of 110.27 was broken when prices closed below the middle pitchfork line. The market seems to be weakening. NOTE: The width of the Bollinger Bands is expanding which indicates that prices are trending. The CCI is above 100. This currency pair usd/jpy is overbought at this time.
A divergence in the MACD indicator has been found.
Next Day Trading Ranges for Monday Aug 11, 2008.
The 20 day moving average of the daily trading range is 109 pips and the 60 day moving average of the daily trading range is 105 pips. This shows that volatility has increased in the short term. The percentage of updays when the open/low ratio is less than 25% is 58.87 percent. This means that if this currency pair usd/jpy does not drop more than 26 pips from the opening price then there is a 58.87 percent chance that this will be an upday.
Monthly Pivots Points.
The [R3] or the most extreme high trading range is 111.34.
The [R2] or the extreme high trading range is 110.87.
The [R1] or the high trading range is 110.49.
The [P] or pivot point is 110.02.
The [S1] or the low trading range is 109.64.
The [S2] or the extreme low trading range is 109.17.
The [S3] or the most extreme low trading range is 108.79.
Current Day Trading Session:
Momentum is continuing upward at the present time.
Next Day Trading Session:
If the next day’s close is below 107.49 then that could be a sign that the current upward momentum is reversing.
FOREX GENIE
FOREX CURRENCY EUR/USD and GOLD OUTLOOK.
GOLD AND EURO STILL MOVING IN SYNK.
FOREX CURRENCY PAIR EUR/USD.
The euro EUR/USD brok support at $1.53, signaling the start of a primary down-trend. Bearish divergence on Relative Strengh Index (RSI) and breakout from the rising trend channel both confirm the signal. Expect support at $1.50 and a retracement to test the new resistance level.
SPOT GOLD
Spot gold fell in sympathy, testing support at $850/ounce. The risk of a primary down-trend is now high.
Forex Trade Alert for Wednesday Aug 06, 2008.
A buy signal was confirmed when this currency pair GBP/JPY closed above 213.26 on Aug-06-2008. 4XGENIE Action: ==> Buy this currency pair GBP/JPY at 213.54. Stop at 210.15. Wave 5 could rise up to 220.75 or to 223.67. NOTE: The width of the Bollinger Bands has started to narrow which indicates that prices are beginning to consolidate.
Next Day Trading Ranges for Wednesday Aug 06, 2008.
The 20 day moving average of the daily trading range is 193 pips and the 60 day moving average of the daily trading range is 191 pips. This shows that volatility has increased in the short term. The percentage of updays when the open/low ratio is less than 25% is 47.86 percent. This means that if this currency pair GBP/JPY does not drop more than 48 pips from the opening price then there is a 47.86 percent chance that this will be an upday.
Monthly Pivots.
The [R3] or the most extreme high trading range is 216.92.
The [R2] or the extreme high trading range is 215.43.
The [R1] or the high trading range is 214.46.
The [P] or pivot point is 212.97.
The [S1] or the low trading range is 212.00.
The [S2] or the extreme low trading range is 210.51.
The [S3] or the most extreme low trading range is 209.54.
Next Day Alternate Stops for Wednesday Aug 06, 2008.
The red line to the right on your chart is an extreme support or resistence level for the next trading day.
A good alternative stop is one which is placed just beyond this extreme support/resistance level.
In this particular case if the price drops below 210.51 then that would show momentum against 4xGenie’s long position and that would be a break out to the downside.
Please Note: These support/resistance levels are calculated by using the previous day’s trading range. Normal volatility may cause a breakout of this value once every 4 or 5 days when prices consolidate.
Current Day Trading Session:
No signs of upward momentum at this time.
Next Day Trading Session:
If the next day’s close is above 213.54 then that could be a sign that new upward momentum is beginning.
Forex Trade Alert for Tuesday Aug 06, 2008.
On Aug-06-2008 a candlestick formation confirmed a buy signal. 4xgenie Action: ==> Buy this currency pair NZD/JPY at 79.25. Stop at 77.86. Wave 2 could rise up to 81.54 or to 83.89. NOTE: The width of the Bollinger Bands is expanding which indicates that prices are trending. A divergence in the MACD indicator has been found. The current downward trend may soon correct or end. The CCI is below 100. This currency pair NZD/JPY is oversold at this time.
Current Day Trading Session:
No signs of upward momentum at this time.
Next Day Trading Session:
If the next day’s close is above 79.25 then that could be a sign that new upward momentum is beginning.
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