Forex Trade Alert for Tuesday Jan 12, 2010.

GBP/JPY

On Jan-12-2010 a candlestick formation confirmed a sell signal. A sell signal was also confirmed when this currency pair closed below 147.33 on Jan-05-2010. 4xGenie Action: ==> SELL @ 147.30. Stop at 151.20. Wave 5 could drop down to 143.30 or to 136.86. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!

Next Day Trading Ranges for Tuesday Jan 12, 2010

The 20 day moving average of the daily trading range is 171 Pips and the 60 day moving average of the daily trading range is 212 Pips. This shows that volatility has decreased in the short term. The percentage of downdays when the open/high ratio is less than 25% is 52.52 percent. This means that if this currency pair does not rise more than 42 Pips from the opening price then there is a 52.52 percent chance that this will be an downday.

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Forex Trade Alert for GBP/JPY | Sell Signal

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FOREX TRADE ALERT and FOREX MARKET OUTLOOK

for GBP/USD, EUR/USD, USD/CAD.

FOREX TRADIN SYSTEM #7

USD/CAD.
Produced: Monday, December 08, 2008.

08-Dec-2008 o:1.274 h:1.2752 L:1.2448 c:1.2508 [-.0203]

Place a buy stop to buy 1 unit if price rises to 1.3008.
Green Line Long Exit Strategy: Close all long positions on close if price falls to 1.2477.
Place a sell stop to sell 1 unit if price falls to 1.2124.
Green Line Short Exit Strategy: Close all short positions on close if price rises to 1.2448

USD/CHF.
Produced: Monday, December 08, 2008.

08-Dec-2008 o:1.2204 h:1.2233 L:1.2016 c:1.205 [-.0152]

(No Long orders.)
Opposite Direction Long Exit Strategy: Close all long positions if price falls to 1.2015.
Place a sell stop to sell 1 unit if price falls to 1.1923.
Green Line Short Exit Strategy: Close all short positions on close if price rises to 1.2016

EUR/USD.
Produced: Monday, December 08, 2008.

08-Dec-2008 o:1.2722 h:1.2967 L:1.2719 c:1.2936 [+.0221]

Place a buy stop to buy 1 unit if price rises to 1.3081.
Red Line Long Exit Strategy: Close all long positions on close if close is 1.2752 or lower.
Place a sell stop to sell 2 units if price falls to 1.2548.
Opposite Direction Short Exit Strategy: Close all short positions if price rises to 1.2968.

GBP/USD
Produced: Monday, December 08, 2008.

08-Dec-2008 o:1.4723 h:1.5047 L:1.4679 c:1.489 [+.0206]

Place a buy stop to buy 1 unit if price rises to 1.5534.
Place a sell stop to sell 2 units if price falls to 1.4464.
Opposite Direction Short Exit Strategy: Close all short positions if price rises to 1.5048.

FOR MORE ALERTS ON JPY CURRENCY PAIRS AND ALL 7 SYSTEMS SING UP

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http://www.4xgenie.com/New_Members.html

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

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Forex Trade Alert for  – Symbol  GBP/CHF

Next Day Trading Ranges for Wednesday Dec 03, 2008.

The 20 day moving average of the daily trading range is 354 Pips and the 60 day moving average of the daily trading range is 381 Pips. This shows that volatility has decreased in the short term. The percentage of downdays when the open/high ratio is less than 25% is 78.88 percent. This means that if this currency pair does not rise more than 89 pips from the opening price then there is a 78.88 percent chance that this will be an downday.

The [R3] or the most extreme high trading range is 1.8085.
The [R2] or the extreme high trading range is 1.8047.
The [R1] or the high trading range is 1.8007.
The [P] or pivot point is 1.7969.
The [S1] or the low trading range is 1.7929.
The [S2] or the extreme low trading range is 1.7891.
The [S3] or the most extreme low trading range is 1.7851.

Next Day Alternate Stops for Wednesday Dec 03, 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 rises above 1.8047 then that would show momentum against 4xGenie’s short position and that would be a break out to the upside.

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.

Alternate stop: 1.80

Current Forex Day Trading Session:

Momentum is continuing downward at the present time.

Next Day Trading Session:

If the next day’s close is above 1.86693 then that could be a sign that the current downward momentum is reversing.

FOREX MARKET OUTLOOK

FOREX GENIE

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Forex Trade Alert and Gold Commentary

Monday, December 01, 2008.

Before I get started with the forex markets, I wanted to take a brief moment to direct your attention to a headline on Yahoo Finance. “FDA sets melamine standard for baby formula”.

That’s right. A certain “amount” of something toxic is “ok” they say. Well, they are wrong. The reason for this, is so that China can keep exporting to America, and the Fed can print dollars to make up for the difference in the trade deficit. Also, China can buy Us T-Bills in order to pay for it all, and the Us can then pay them interest on the T-Bills. Of course, we’re smarter than that.

http://biz.yahoo.com/ap/081129/infant_formula.html

Gold and Dollar

Gold is back. With another Fed bailout looming, there seems to be no end to it. As money supply expands, money becomes worth less. In fact, money is becoming worth less all over the world. So, gold may just be making a comeback here. We avoided gold for several months and rightfully so. I never just “hang on” because of “fundamentals”. Because often fundamentals become “funny-mentals”. Thinking of a Christmas present? Why not the Olympic Gold Coins? https://online.kitco.com/bullion/

$775.00 is the lowest I would pay for gold. If it goes lower than that, the chart changes, and it becomes too risky a trade. If strength holds, above $775.00, then I would be a buyer.

Lots of Trading Forex Opportunities Coming Up.

Overall, I’d expect some good trading opportunities here. Who knows when the next big market fall could be. Perhaps in March, as it historically has been over several of the past years.

For now, I am looking forward to many exciting forex trading opportunities.

Maybe US DOLLAR Run will come to the end soon, because usually GOLD and U.S DOLLAR

DON’T RUN IN SYNC.

Good Trading,

4XGENIE

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FOREX TRADE ALERT

Repatriation of funds by US and JAPANESE Investors and creditors in primarily responsible for the strength of DOLLAR and the YEN. In The long run, the current account surplus or deficit should determine a currency’s strength or wekness. Here are a few of the strongest and weakes as FORECAST BY THE IMF for 2008.

FOREX TRADE ALERT

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