SIGNAL RESULTS IN JULY 2016

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

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.

Let's review these set-ups one after the other and how price reacted to each of them.

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 75pips
R/R : 1 :2.4

We consider this a trade won
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.

Loss = -60 pips.

Set-up 6: Usdcad

Direction: Bearish.

Analysis: Read HERE 

Set-up chart.

 

And what happened afterward?

Result: 175 pips won on a Risk of 85pips
R/R : 1 :2

We consider this a trade won
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 90pips
R/R : 1 :2

We consider this a trade won
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 90pips
R/R : 1:2

We consider this a trade won
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.

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

 

 Buy entry was not satisfied as there was no breakout upside. Price dipped further and no entry was therefore made.

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.

6. An average of 1000pips per month almost guaranteed.

7. Webinars series titled "Mathematics of trade management" will soon commence.

8. Personal one-on-one elementary Forex training for newbies

9. Webinar series on ''How to use Elliott wave theory for trading success'' will commence

10. Advanced training and mentoring on Elliott wave theory and how we use it in combination with other technical tools (premium). Read more HERE

Join our free trading room for August HERE

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