Hi Forex Forum Readers,

This thread was created for sharing my EUR/USD USD/JPY EUR/JPY Daily Forex Recommendation since July 2008.

EUR/JPY July 1, 2008
ORDER:
Long Buy Limit at 166.21 Cut Loss at 165.11 Take Profit at 167.17
Long Buy Stop at 168.27 Cut Loss at 167.17 Take Profit at 169.23

RESULT:
Long Bought at 166.21 Sold at 167.17 Won 96 pips

EUR/JPY July 2, 2008
ORDER:
Long Buy Limit at 166.61 Cut Loss at 165.64 Take Profit at 167.13
Long Buy Stop at 168.10 Cut Loss at 167.13 Take Profit at 168.62

RESULT:
Long Bought at 168.10 Sold at 168.62 Won 52 pips

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Daily Forex Recommendation

ORDER
Long Buy Limit at 167.48 Cut Loss at 166.74 Take Profit at 168.06
Long Buy Stop at 168.80 Cut Loss at 168.06 Take Profit at 169.38

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Daily Forex Recommendation

Bad day
RESULT
Long Bought at 167.48 Sold at 167.62 Won 14 pips
Long Bought at 168.80 Sold at 168.06 Loss 74 pips

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Daily Forex Recommendation

EUR/USD July 4, 2008
ORDER
Short Sell Stop at 1.5622 Stop Loss at 1.5766 Take Profit at 1.5538
Short Sell Limit at 1.5850 Stop Loss at 1.5994 Take Profit at 1.5766

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Daily Forex Recommendation

Nice advice.....please post here daily.....I am interested in your long trades.

RESULT
No Trade

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Daily Forex Recommendation

Recommendation:
Short Sell Limit at 168.16 Stop Loss at 168.59 Take Profit at 167.65
Short Sell Stop at 167.22 Stop Loss at 167.65 Take Profit at 166.71

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Daily Forex Recommendation

Result
Short Sold at 168.16 Bought at 168.59 Lost 43 pips
Short Sold at 167.22 Bought at 167.65 Lost 43 pips

Bad day. I should won 86 pips before I changed my mind. If I kept my trading strategy, I won't lost 86 pips. I have attracted by opening gap down for EJ and changed my mind from going Long to Short. Okay, may be you won't believe me. So I will tell you my trading strategy here.

Everyday, I trade one of EU, UJ or EJ pair. Which one I choose depends on biggest range of transaction the day before. After I choose one of them, I calculate Pivot Point with data from Marketiva. If yesterday's market closed above Pivot Point, I will go Long for both Long Limit at Support 1 and Long Stop at Resistance 1. Set Stop Loss at Support 2 for Long Limit and Pivot Point for Long Stop. Set Take Profit at Pivot Point for Long Limit and Resistance 2 for Long Stop. If yesterday's market closed below Pivot Point, I will go Short for both Short Limit at Resistance 1 and Short Stop at Support 1. Set Stop Loss at Resistance 2 for Short Limit and Pivot Point for Short Stop. Set Take Profit at Pivot Point for Short Limit and Support 2 for Short Stop. I have try to back test this strategy and this strategy gave me better result. So any body wants to join my strategy? Just visit my blog every day before Asian market.

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Daily Forex Recommendation

Recommendation
Long Buy Stop at 169.08 Stop Loss at 168.10 Take Profit at 169.61
Long Buy Limit at 167.57 Stop Loss at 166.59 Take Profit at 168.10

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Daily Forex Recommendation

Result
Long Bought at 167.57 Sold at 168.10 Won 53 pips

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Daily Forex Recommendation