Blog Roll

Target Trading in the Forex week of February 26th , 2017 EU,UJ,GU,AU
Target Trading in the Forex week of February 26th , 2017 EU,UJ,GU,AU
Target Trading in the Forex week of February 26th , 2017 EU,UJ,GU,AU
Target Trading in the Forex week of February 26th , 2017 EU,UJ,GU,AU
Saturday, February 25, 2017 - 09:11

Note: be aware all ATR’s are dropping

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.0564.  USDX is inconclusive. A couple of different scenarios:  1:  Bullish: a move to the 0.786 Fibo @ 1.0761 area and 2: Bearish: A break down to the day bottom support @ 1.0348. The average daily true range (ATR) for the pair currently is 63 pips.

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently sitting @ 112.93 in a large channel but near the bottom.  We are watching for a bounce @11.38 but if we do not get that look to the 1.270 Fibo @ 109.57. The average daily true range (ATR) for the pair currently is 91 pips.

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently @ 1.2458.  We are in a large range and in a channel.   We are looking to continue to the square up @ 1.2630 and then down to the 0.382 Fibo @ 1.2426. The average daily true range (ATR) for the pair currently is 86 pips.

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

What ProAct Forex Target Traders See:  Aussie is @ 0.7672 in a range. The trend is your friend till it bends.  We are looking to break down to the to the square up @ 0.7600 and then continue to the 0.382 Fibo @ 0.7490. The average daily true range (ATR) for the pair currently is 49 pips.

$USDJPY-channel?
Thursday, February 23, 2017 - 07:36

Currently we are @ 1.0723 in a range and back in an established channel.  IF we can take out this support we are looking to continue to the 1.270 Fibo @ 111.95 with another target @ 111.38. The average daily true range (ATR) for the pair currently is 90 pips.

$AUDNZD-Reversal?
Wednesday, February 22, 2017 - 07:42

Currently we are @ 1.0723 in a range and oat the top of that range.  We have divergence on this chart so we are looking to reverse to the 0.214 Fibo @ 1.0671with another target @ 1.0595. The average daily true range (ATR) for the pair currently is 60 pips.


Major FX Launch
Tuesday, February 21, 2017 - 18:09

 

From one of our traders:

"Are you getting bombarded by emails from folks wanting you to sample the Apiary fund and maybe get a 'free' trading account of $250,000. The interesting thing is that the emails are all from different folks and email accounts which puts up a red flag to me that says, "Commission Sales force with a list of dumb money prospects."

 

There is a major FX launch starting today that is NOT the group I did.  But they have enlisted about 40 seasoned marketers (they approached us and we passed).  So that is most likely what it is.

 

$USDCHF-Range Trade?
Tuesday, February 21, 2017 - 07:36

Currently we are @ 1.0102 in a range and in a bullish channel.  We are looking to continue to the 0.382 Fibo @ 1.0160 with another target @ 1.0241. The average daily true range (ATR) for the pair currently is 55 pips.

Target Trading in the Forex week of February 19th , 2017 EU,UJ,GU,AU
Target Trading in the Forex week of February 19th , 2017 EU,UJ,GU,AU
Target Trading in the Forex week of February 19th , 2017 EU,UJ,GU,AU
Target Trading in the Forex week of February 19th , 2017 EU,UJ,GU,AU
Saturday, February 18, 2017 - 09:26

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.0606 and possibly trying to trend up (look to the USDX for clues).  A couple of different scenarios:  1:  Bullish: a move to the 0.786Fibo @ 1.0706 area and 2: Bearish: A break down to the double bottom support @ 1.0520. The average daily true range (ATR) for the pair currently is 66 pips.

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently sitting @ 112.93 still in a large channel and following the USDX down.  We are looking to initially move up to the day chart bottom @ 111.93 and maybe continue to the 1.270 Fibo @ 109.71. The average daily true range (ATR) for the pair currently is 102 pips.

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently @ 1.2412.  We are in a large range and in a bearish pennant.   We are looking to continue to the 0.618 Fibo @ 1.2260 and then on to the 0.786 Fibo @ 1.2140. The average daily true range (ATR) for the pair currently is 92 pips.

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

What ProAct Forex Target Traders See:  Aussie is @ 0.7659 in a range. A couple of different scenarios:  1:  Bullish: a move to the square up @ 0.7601 area and bounce 2: Bearish: A break down to the 0.382 @ 0.7493. The average daily true range (ATR) for the pair currently is 56 pips.

$EURNZD-continuation?
Tuesday, January 31, 2017 - 07:39

Currently we are @ 1.4705 after breaking a falling wedge which is bullish for the pair.  We are looking for a move to the 0.786 Fibo @ 1.4788 and then a continuation to the 0.618 @ 1.4895 later this week.  The average daily true range (ATR) for the pair currently is 115 pips.

February Pay Your Mortgage Trade Setup Idea
Monday, January 30, 2017 - 14:17

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

 

We see that we have broken out of a rising wedge to the downside inside a very large range. We are potentially underway if we can open and close the candle below the support @ 142.00.  The size of the range (145.26– 136.63) is 863 pips, of which we have already traveled 285 pips. It may correct a little here to the 0.214 Fibo @ 143.01 before moving downward.  The first move should teak it to the square up @ 140.00 and we should expect a bounce there.  A 50% pullback would target the 141.00 before resumption again which is a great place to add.

 

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 open and close or if a correction @ the 143.01.  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 until the first square up.  Remember the “pullback is your friend” in route so use those to add to the position.  The pair typically has pullbacks in the 250 pips range so every pullback could add an additional 250 pips to the trade with another position. Currently the ATR (180 Day - Average True Range) of the currency is 176 Pips per day, so this might take about 2 - 3 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-continuation?
Monday, January 30, 2017 - 07:34

Currently we are @ 0.8494 after breaking a bear flag.  We are looking for a move to the 0.786 Fibo @ 0.8423 and then a continuation to the S5 @ 0.8339.  The average daily true range (ATR) for the pair currently is 81 pips.


Target Trading in the Forex week of January 29th, 2017
Target Trading in the Forex week of January 29th, 2017
Target Trading in the Forex week of January 29th, 2017
Target Trading in the Forex week of January 29th, 2017
Saturday, January 28, 2017 - 08:36

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.0697 in a range.  We are just breaking a rising wedge which is bearish for the pair.  We are looking to continue down to the square up @ 1.0510.  We could bounce at this point to continue down to the double bottom @ 1.0372.  Look to the USDX for clues. The average daily true range (ATR) for the pair currently is 80 pips.

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently sitting @ 115.05 in a range.  We are looking to initially move to the 0.214 Fibo @ 117.11 and then continue to the top @ 118.26. The average daily true range (ATR) for the pair currently is 138 pips.

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently @ 1.2560.  We are in a large range and just out of a rising wedge which is bearish.   We are looking to move to the 0.618 Fibo @ 1.2236 area with a continuation to the bottom @ 1.2102.  The average daily true range (ATR) for the pair currently is 148 pips.

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

What ProAct Forex Target Traders See:  Aussie is @ 0.7552 just out of a channel.  We are looking to the 0.618 @ 0.7410 initially and then to the 0.7300. The average daily true range (ATR) for the pair currently is 66 pips.

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