Forex Signals 28 Jan

Free Forex SignalsOver the last 24-48 hours most pairs are moving in a more or less sideways direction. We all know that this happens from time to time and there is nothing we can do. What is important to note here is that our Price Action method has performed quite well in such conditions. Normally you would see bigger losses in such scenarios, on the flip side we are sitting close to break even for the week, some of you may be even in profits.

When market trends in either direction many traders can make money out of it, it is only when it goes sideways that takes away all the profits from the past and some more. Capital preservation in such conditions helps to stay in the market long enough for it to resume trending pattern again.

Update at 5PM EST / 0000 Hour Candle:

Order ID: 4 | Update| $EURUSD Sell 1.4070 | Waiting for Second Profit Target at +80 | Currently at +50 Pips
Order ID: 7 | Update | $GBPUSD Buy 1.6180 | Closed out at -15
Order ID: 10 | Pending| $GBPJPY Sell 144.50 | Closed out at -110
Order ID: 11 | Pending| $CADJPY Sell 83.60| No Fill, Cancel Order
Order ID: 12 | Pending| $EURJPY Sell 125.20 | No Fill, Cancel Order

Order ID: 13 | Order Cancels Order | $GBPJPY Sell 144.50 or Buy 145.75 | Stop Loss: -120 Pips | Take Profit: 70-140-210 Pips

Update at 9PM EST / 0400 Hour Candle:

Order ID: 4 | Update| $EURUSD Sell 1.4070 | Third Profit Target Reached at +120
Order ID: 13 | Update | $GBPJPY Buy 145.75 | Waiting for First Profit Target To Reach +70 | Currently at +25

Update at 1AM EST / 0800 Hour Candle:

Order ID: 13 | Update | $GBPJPY Buy 145.75 | First Profit Target Reached at +70 |Move Stop Loss to -60

Order ID: 14 | Order Cancels Order | $CADJPY Sell 84.70 or Buy 85.30 | Stop Loss: -60 Pips | Take Profit: 40-80-120 Pips

Update at 5AM EST / 1200 Hour Candle:

Order ID: 13 | Update | $GBPJPY Buy 145.75 | Second Profit Target Reached at +140 |Move Stop Loss to Break Even
Order ID: 14 | Update | $CADJPY Buy 85.30 | Waiting for First Profit Target to Reach at +40

Update at 9AM EST / 1600 Hour Candle:

Order ID: 13 | Update | $GBPJPY Buy 145.75 | Move Stop Loss to 146.05
Order ID: 14 | Update | $CADJPY Buy 85.30 | Move Stop Loss to 84.80

Order ID: 15 | Pending | $EURJPY Sell 125.75 | Stop Loss: -140 Pips | Take Profit: 50-100-150 Pips
Order ID: 16 | Pending | $EURUSD Sell 1.3975 | Stop Loss: -80 Pips | Take Profit: 40-80-120 Pips

Update at 1PM EST / 2000 Hour Candle:

Order ID: 13 | Update | $GBPJPY Buy 145.75 | Closed out at +30
Order ID: 14 | Update | $CADJPY Buy 85.30 | Closed out at -50
Order ID: 15 | Update | $EURJPY Sell 125.75 | First Profit Target Reached at +50 } Move Stop Loss to -70
Order ID: 16 | Update | $EURUSD Sell 1.3975 | Currently at +5

Order ID: 17 | Order Cancels Order | $GBPJPY Sell 144.55 or Buy 146.65 | Stop Loss: -210 Pips | Take Profit: 70-140-210 Pips

This post has continued on to next day. Click Forex Signals

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3 Responses to “Forex Signals 28 Jan”

  1. haniff ashburn 28 January 2010 at 11:45 pm #

    hi superstar

    so far during perth time euro ranges around the magic figure level,

    why? blame the yen – the whole world is long long yen agaisnt everything – distorts everything and confuses everyone.

  2. FirePips 29 January 2010 at 5:26 am #

    Lets not play the blame game…shall we? ;)

  3. Pierre 29 January 2010 at 2:05 pm #

    Have no free time to trade today, i hope fate is your side pip'man.

    Yesterday evening I was trying to inform myself on "Price Action", reached webpage w/ explainations on Turtles strategy, is this kind of 'price action trading' ?

    One more thing : about few days ago post on bear/bullish trend on EURUSD, it looks like it have break 1.40 support, happened quick for such psychological support…


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