trade plan for week beggining sun 12 november 2006
every week i publish a trade plan, i have decided to publish this on factory forex for critique, the general idea is recognising
times and trends and predicting them, the trades will be placed once the trend has been established and results published, and
perhaps you can all see the benefits of planning your week
Sunday 12th
Market open:
Looking for a slight weakening of the dollar upto 1.2900 based on the JPY trade balance figures 0.31t to over
1 trillion is quite some movement
First trade for Sunday
Eur/usd buy @ 1.2850 limit 1.2925 close before 5.00 am gmt
Monday 5-6 a.m. gmt
Gbp/usd buy @ 1.9075 limt 1.9125 close before 2.00
monday watch for a long run on jpy gdp @ 0.2% with the trade balance @ over 1 trillion, nah, no change expect a surprise here
and get in early, this will also have a good effect on the usd so if we have not yet reached 1.2900 expect it to to over 1.2925
Tuesday 14 november
eur/usd
If i can get in on a sell @ 1.2925 i will, however what ever the high point is i will go in on a sell at around 5.30 a.m.
and leave it run with no limit and will close the trade at 3.00 p.m. hopefully with around 120 pips profit at the low end
of 1.2800
wednesday 15th november
get up very very early 5.00 am hopefully the gbp/usd will be around 1.8750 and about to reverse trend so i am looking
to get in on a buy for another 100 pip movement - get out at 3.00p.m. gmt
eur/usd buy at 1.2800 also very early for a 140 pip upward movement to 1.2950 get out before 1.00 regardless
thursday 16th november
again i am looking for a reversal and would like again to enter the market early in the morning again about 5 a.m. on a sell
for both the eur/usd and the gbp/usd again 140 pips on both exit at 5.45p.m. gmt
friday buy eur/usd & gbp for 60 pips
Sunday/monday tuesday wednesday thursday friday
eur/usd 1.2845/1.2925 1.2925/1.2800 1.2825/1.2910 1.2900/1.2800 1.2800/1.2880
gbp/usd 1.9075/1.9125 1.9125/1.8800 1.8800/1.8905 1.8900/1.8800 1.8800/1.2850
buy sell buy sell buy
these are rough targets, the general idea is to get the trend right and rough entry points
every week i publish a trade plan, i have decided to publish this on factory forex for critique, the general idea is recognising
times and trends and predicting them, the trades will be placed once the trend has been established and results published, and
perhaps you can all see the benefits of planning your week
Sunday 12th
Market open:
Looking for a slight weakening of the dollar upto 1.2900 based on the JPY trade balance figures 0.31t to over
1 trillion is quite some movement
First trade for Sunday
Eur/usd buy @ 1.2850 limit 1.2925 close before 5.00 am gmt
Monday 5-6 a.m. gmt
Gbp/usd buy @ 1.9075 limt 1.9125 close before 2.00
monday watch for a long run on jpy gdp @ 0.2% with the trade balance @ over 1 trillion, nah, no change expect a surprise here
and get in early, this will also have a good effect on the usd so if we have not yet reached 1.2900 expect it to to over 1.2925
Tuesday 14 november
eur/usd
If i can get in on a sell @ 1.2925 i will, however what ever the high point is i will go in on a sell at around 5.30 a.m.
and leave it run with no limit and will close the trade at 3.00 p.m. hopefully with around 120 pips profit at the low end
of 1.2800
wednesday 15th november
get up very very early 5.00 am hopefully the gbp/usd will be around 1.8750 and about to reverse trend so i am looking
to get in on a buy for another 100 pip movement - get out at 3.00p.m. gmt
eur/usd buy at 1.2800 also very early for a 140 pip upward movement to 1.2950 get out before 1.00 regardless
thursday 16th november
again i am looking for a reversal and would like again to enter the market early in the morning again about 5 a.m. on a sell
for both the eur/usd and the gbp/usd again 140 pips on both exit at 5.45p.m. gmt
friday buy eur/usd & gbp for 60 pips
Sunday/monday tuesday wednesday thursday friday
eur/usd 1.2845/1.2925 1.2925/1.2800 1.2825/1.2910 1.2900/1.2800 1.2800/1.2880
gbp/usd 1.9075/1.9125 1.9125/1.8800 1.8800/1.8905 1.8900/1.8800 1.8800/1.2850
buy sell buy sell buy
these are rough targets, the general idea is to get the trend right and rough entry points