Sunday, July 31, 2016

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: