Blog Roll

$CADJPY- break out?
Wednesday, April 26, 2017 - 07:44

Currently we are @ 87.24 after a break of the channel. IF we can break this resistance we are looking to continue to the 0.786 Fibo @ 0.82.72 and then the range top @ 83.30. The average daily true range (ATR) for the pair currently is 79 pips.


$EURGBP- breakdown?
Tuesday, April 25, 2017 - 07:32

Currently we are @ 0.8491 in position to break the slope support.  We are looking to break and continue to the 0.500 Fibo @ 0.8414 and then the range support @ 0.8332. The average daily true range (ATR) for the pair currently is 55 pips

 

Target Trading in the Forex week of April 23rd , 2017 EU,UJ,GU,AU
Target Trading in the Forex week of April 23rd , 2017 EU,UJ,GU,AU
Target Trading in the Forex week of April 23rd , 2017 EU,UJ,GU,AU
Target Trading in the Forex week of April 23rd , 2017 EU,UJ,GU,AU
Saturday, April 22, 2017 - 08:35

Note:  Anticipating USDX to turn up

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.0703 in a large range but we have bias north due to a support line and USDX currently down.  A couple of different scenarios:  1:  Bullish: a move to the 0.382 Fibo @ 1.0652 and bounce to 1.0800 area and 2: Bearish: A break down to the double bottom support @ 1.0500.  The average daily true range (ATR) for the pair currently is 55 pips.

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently sitting @ 109.10 in a large range and in a nice channel.  A couple of different scenarios:  1:  Bullish: a move to the square up @ 110.54 and 2: Bearish: A break down to the 0.786 @ 107.36.  The average daily true range (ATR) for the pair currently is 85 pips.

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently @ 1.2798. We are initially looking for a move to the double top @ 1.2906 and then to the 1.270 Fibo @1.3050 area. The average daily true range (ATR) for the pair currently is 89 pips.

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$AUDUSD – A great smooth currency for Newbie’s! 

What ProAct Forex Target Traders See:  Aussie is @ 0.7536 at the possible start of a 5th wave. A couple of different scenarios:  1:  Bullish: a move to the 0.786 Fibo @ 0.7692  and 2: Bearish: A wave continuation to the 1.618 Fibo @ 0.7301.  The average daily true range (ATR) for the pair currently is 44 pips.

$EURUSD- Flag setup?
Thursday, April 20, 2017 - 07:36

Currently we are @ 1.0749 after a break of the flag pattern.  We are looking to bounce and continue to the flag target @ 1.0802 and then the Day chart resistance @ 1.0854. The average daily true range (ATR) for the pair currently is 56 pips.

$NZDJPY- slope break?
Wednesday, April 19, 2017 - 07:42

Currently we are @ 76.50 inside a channel.  IF we can break this support, we are looking to continue to the support @ 75.70 and then the 1.270 Fibo @ 75.23. The average daily true range (ATR) for the pair currently is 58 pips.

$AUDJPY- range break?
Tuesday, April 18, 2017 - 07:34

Currently we are @ 82.11 inside a range.  IF we can break this support, we are looking to continue to the 1.270 Fibo @ 81.71 and then the 1.618 Fibo @ 80.78. The average daily true range (ATR) for the pair currently is 74 pips.

Target Trading in the Forex week of April 16th , 2017
Target Trading in the Forex week of April 16th , 2017
Target Trading in the Forex week of April 16th , 2017
Target Trading in the Forex week of April 16th , 2017
Saturday, April 15, 2017 - 09:06

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.0594 in a large range but we have bias north due to a support line and USDX down.  A couple of different scenarios:  1:  Bullish: a move to the 0.618 Fibo @ 1.0750 area and 2: Bearish: A break down to the double bottom support @ 1.0500.  The average daily true range (ATR) for the pair currently is 57 pips.

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently sitting @ 108.31 in a large range and in a nice channel.  We are looking for a continued move down to the 0.786 Fibo @ 107.36 and then to the support @ 105.53.  The average daily true range (ATR) for the pair currently is 84 pips.

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently @ 1.2528.  We are in a large range and may be in a range within a range.  We are initially looking for a move to the 0.500 Fibo @ 1.2362 and if a breakdown here then to the 0.786 Fibo @1.2217area. The average daily true range (ATR) for the pair currently is 79 pips.

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$AUDUSD – A great smooth currency for Newbie’s! 

What ProAct Forex Target Traders See:  Aussie is @ 0.7574 at the start of a 4th wave. IF we continue we are looking for a continued trending move down to the S2 @ 0.7505 and then to the S3/0.618 Fibo @ 0.7450.  The average daily true range (ATR) for the pair currently is 43 pips.

$EURAUD- channel break?
Thursday, April 13, 2017 - 07:29

Currently we are @ 1.4026 after a break of the up channel.  IF we can break this support, we are looking to continue to the 0.618 Fibo @ 1.3940. The average daily true range (ATR) for the pair currently is 92 pips.


April Pay Your Mortgage Trade Setup Idea
Wednesday, April 12, 2017 - 08:00

This month's ProAct Traders “Pay Your Mortgage Trade” idea is found in the AUDJPY pair.

 

We see that we have finished the up move of this large range and have turned to the downside. We are potentially underway and looking for three more major moves to the downside. The size of the range (83.13– 76.16 ) is 700 pips, of which we have already traveled 120 pips.

 

How to trade it? You will need to wait for your set-up to show up, for London & New York traders, that will mean waiting for the reaction now below the 81.77 area.  Take your first entry and use the respective risk reward ratio to start trading this currency pair. We have preplaced entry orders (sell stops) on the break of each Fib and any rally should be considered an area to add to the position.  DO NOT TRY AND CROWD THIS PAIR WITH TIGHT STOPS.  Remember the “pullback is your friend” in route so use those to add to the position. 

 

Be careful at the 0.214 Fibo @ 78.48-78.99 since that may be a bounce point to reverse and go up.

 

The pair typically has pullbacks in the 180 pips range so every pullback could add an additional 180 pips to the trade with another position. Currently the ATR (180 Day - Average True Range) of the currency is 79 Pips per day, so this might take about 3 - 4 weeks with pullbacks!

 

Our trading methodology is based on proprietary technical indicators. We pay attention to what the big banks are doing in the markets (the Big Boys) and specifically look for opportunities that have a high opportunity and low risk. We always identify our target before entering a trade, and we focus on the risk of the trade instead of the reward. We have (and follow) rules, and we press our winning trades without exception.

 

Remember that we recommend that you always trade with stops. And if you don't trust yourself or think you'll get cold feet in a long trade like this, then place the trade and walk away. Better to get taken out by a stop or target than to second guess an active trade and take yourself out. Do your research before you place your own trade. Trust your research.

 

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

$EURGBP- pennant break?
Wednesday, April 12, 2017 - 07:34

Currently we are @ 0.8483 after a break of the pennant.  IF we can break this support, we are looking to continue to the support @ 0.8400. The average daily true range (ATR) for the pair currently is 66 pips.

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