From July 2016, we have decided to post the result of our forecasts and trade signals here.
In July 2016, there are 14 set-ups that satisfied our trade entry requirements based on Elliott wave theory and a combination of other technical tools.
Out of 14 set-ups, there were:
1. 7 Wins
2. 4 Break Evens (Closed trades at entries)
3. 3 Loss
We had a good sell set up on 4th July. Read the analysis HERE
The chart below was used in the set-up
What happened afterward? Price dived as shown in the chart below.
Our minimum target was reached and this was considered a win though price didn't dip as much as the forecast indicated.
Our final target was reached and this was considered a win set-up.
Price went down shortly afterwards.
Price went down shortly afterwards.
Price went up shortly afterwards.
Price went down below our target before a fast rally.
The set up was not complete as we had wanted it but using other parameters, we were able to identify the top. This trade was shared in our Skype trading room.
The chart below showed the outcome.
Price went down further, rallied and then continued the downward movement.
And, it seemed to be a good decision.
AudJpy
Buy entry was not satisfied as there was no breakout upside. Price dipped further and no entry was therefore made.
In July 2016, there are 14 set-ups that satisfied our trade entry requirements based on Elliott wave theory and a combination of other technical tools.
Out of 14 set-ups, there were:
1. 7 Wins
2. 4 Break Evens (Closed trades at entries)
3. 3 Loss
Let's review these set-ups one after the other and how price reacted to each of them.
NB: 1. Requirement for our win position is a minimum of 1:2 Risk/Reward ratio.
2. Stop loss is set at breakeven if price was able to cover 1:1 R/R but has not hit the minimum profit target levels. Though, sometimes, stop loss is adjusted based on the current wave analysis-by which stop loss can be above the entry or below.
Set-up 1: Audusd
We had a good sell set up on 4th July. Read the analysis HERE
The chart below was used in the set-up
What happened afterward? Price dived as shown in the chart below.
Our minimum target was reached and this was considered a win though price didn't dip as much as the forecast indicated.
Result: 85 pips won on a Risk of 35pips
R/R : 1 : 2.5
Set Up 2 : Usdcad
Direction : Buy Set-up
Analysis: Read HERE
Set-up Chart:
What happened afterward?
Our final target was reached and this was considered a win set-up.
Result: 160 pips won on a Risk of 35pips
R/R : 1 : 4.5
Price went down shortly afterwards.
Set-up 3: Gold (Xauusd)
Direction of forecast : Down
Analysis: Read HERE
Set-up chart:
Resulting chart:
Target was not reached as price closed out at adjusted SL level below entry giving +180 pips.
Set-up 4 : Usdcad
We were not able to post the set-up on the blog. Price moved as we forecast and a bullish pattern was complete.
Analysis: Read HERE
Direction : Bullish.
Forecast chart:
The result can be seen in the chart below.
Result: 180 pips won on a Risk of 75pipsWe consider this a trade won
R/R : 1 :2.4
Price went down shortly afterwards.
Set-up 5: UsdJpy
Direction: Bearish
Analysis: Read HERE
Chart:
The chart below shows what happened afterward
Result: Price didn't give any chance as the rally continued even stronger to take our stop loss at 60pips.
And what happened afterward?
Result: 175 pips won on a Risk of 85pipsWe consider this a trade won
R/R : 1 :2
Price went up shortly afterwards.
Set-up Chart 7: Nzdcad
Direction: Bearish
Analysis: Read HERE
Set-up Chart:
And the chart below shows what happened afterward.
Result: 260 pips won on a Risk of 90pipsWe consider this a trade won
R/R : 1 :2
Price went down below our target before a fast rally.
Set-Up 8: UsdJpy
Direction: Bearish
Analysis: Read HERE
Set-up Chart:
And the chart below shows what happened afterward.
Result:
Price moved very fast in the direction of our forecast on Friday but short of our target by 12pips.
Price gaped up at the following week opening and caught us at breakeven.
Result: O pips
Set-up 9: Gbpcad
Direction: Bullish
Analysis: Read HERE
Forecast Chart:
Price went so deep and a new triangle pattern was formed. Meanwhile, I posted a video indicating an imminent bullish move possibility. Read HERE
I shared a new set-up pattern in the room.
Then, we bought the breakout which meant early and aggressive entry.
And the chart below showed what happened next.
Afterward price dipped very fast after completing a 5-wave bullish drive and of course hit our target.
Result: 250 pips won on a Risk of 115pips
R/R : 1:2
Set-Up 10: Gbpchf
Direction: Bullish
Analysis: Read HERE
Set-up Chart:
What happened afterward?
Price broke out and then went into some rejective choppy move which can be seen clearly in the minutes charts. Price didn't move as expected, so our stop loss was adjusted to breakeven.
Soon, price started showing bearish direction
Result: Break Even
Set-Up 11: UsdJpy
Direction: Bearish
Analysis: Read HERE
Set-up Chart:
The set up was not complete as we had wanted it but using other parameters, we were able to identify the top. This trade was shared in our Skype trading room.
The chart below showed the outcome.
Result: 200 pips won on a Risk of 90pipsWe consider this a trade won
R/R : 1:2
Price went down further, rallied and then continued the downward movement.
Set-Up 12: Gbpcad
Direction: Bearish
Analysis: Read HERE
The opportunity to short this pair was well discussed in the Forex Sniper Signals Trading Room. It was not posted on this blog.
Set-up chart:
Trade was triggered at 1.730-1.733 with stop loss at 1.7455. Price continued to rally but there was a need to still trade in the trade as we had a new pattern which also signified bearish move as indicated by the chart below.
But our pattern was getting over-stretched in both magnitude and time. And we had this:
Result: We were stopped out at adjusted stop loss level (1.7378 from 1.7455) i.e from 138 pips to 65pips.Loss: -65pips.
And did price hit 1.7455?
Price after the continued rally to a few pips from 1.7455, dipped and now below 1.733 (our entry). It can still move down further.
Entry Chart:
Set-up 13: Audjpy
Direction : Bullish
Analysis: Read HERE
Set up Chart:
Entry Chart:
Result: The bullish position was triggered and price went higher but there were counter signals using other parameters. We had to exit our position at Break Even and wait for a proper break out of the channel.
And, it seemed to be a good decision.
Set-up 14 : Nzdcad and Audjpy
Analysis: Read HERE
Set-up charts:
Nzdcad
Our sell entry was activated at 0.93 but price rallied further and took us out for a loss of 68 pips.
Result: Loss of -68pips
AudJpy
RESULT SUMMARY
According to the table above, we had a net positive pips of 1237.
Our trading room is still free till the end of August.
We provide:
1. Analysis of our position as you can see in this blog.
2. Entry and exit strategies.
3. Entry, Exit and Target prices
4. We aim a standard 1:2 unless in some occasions where more profit could be targeted. We don't aim less than 1:2
5. Winning average of 60-70% almost guaranteed.
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7. Webinars series titled "Mathematics of trade management" will soon commence.
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