No negative month performance!

[myTradingWeek]

Important Levels April 6th, 2010

USD/JPY: 93.70; 93.55; SSL 92.86
AUD/USD: 0.9130-36; 0.9225
EUR/USD: 1.3390
EUR/JPY: 125.30
EUR/GBP: 0.8810

[myTradingWeek]

Overview of Predictions Apr. 5

Prediction: GU has some bearish signs on D1 candle formation and we have a gap open…Most likely this gap should close as most do….our supports are at 5230 and lower at 5210/15 areas…and resistances are at 5272 and higher up at 5290/95 areas….

Results:

1. Long @ 5230, DD: 7 pips; MP 42 pips. Price moved quickly to our first resistance marked at 5272 so we should have taken 20-40 pips on this trade.

2. Short @ 5272, DD: 5 pips; MP 29 pips. Price fell quickly from this level and max profit would have been around 30 pips, but since we had a bearish outlook …we get stopped at Break Even (note: We will update some rules on moving stop to BE after price has moved 15-20 pips from our entry)

3. Short @ 5292, DD: 1 pip; MP 15 pips. Price fell from this level and moved 15 pips in the green so SL should have been at BE after 15 pips so we get stopped out at BE…

Overall Profit/Loss: +40 pips

P.S. Please leave us comments…. Those who are following our prediction levels, please give us feedback on what we can do to make it better for you to follow-up on how we will trade these levels.

[myTradingWeek]

Overview of Predictions Apr. 9

Prediction: GU starting to show some bullish signs with D1 candles…resistances are at 5315 and higher up at 5350/55 areas…supports are at 5275/80 areas and lower at 5240/35 areas…

Results:

1. Long @ 5280, DD: 2 pips; MP: 110 pips. This was a long in our trend direction so we hold to second resistance level which was 5350/55…so profit should be 75 pips.

2. Short @ 5355, DD: 21 pips; MP 0 pips. Price ran through this level so we would be got stopped out at -15 pips.

Overall Profit/Loss: +60 pips

Week Profit/Loss: +344 pips

Note: The reason we did not short at 5315 is because price didn’t reach it on first attempt by 6 pips and then come to our support level which we are suppose to hold to second resistance level as per our rules.

If you have questions about our predictions or how we trade them…We will try to set a day next week to chat for 1 hour before London open to answer your questions. We will post a day and time when we will do this on our Blog…

Important Levels April 13th, 2010
USD/JPY: 92.15; 92.25;
AUD/USD: 92.15-22
AUD/NZD: 1.2920