Hallo Nina,
which technique did You use to derive at 116,93 and the conclusion it would go up? Before I became NINA trader I was a CARRY trader in OANDA. XXX/JPY pairs give good interest and they follow also the NINA rules. So I am currently in a transition phase from CARRY to NINA.
Your hints regarding the currency pairs are very valuable. Thanks for Your knowledge and the clear presentation of it.

Have a nice weekend....Subsecond

Hi, United Traders of the Disunited World!!!

Yesterday we saw what is FOREX like. All retail traders knew or they should that EURUSD had to break clearly 1.2020 if we wanted up. During 3 days, EURUSD was trading between this range: 1.2015 - 1.1923. So, easy.

Its opposite pair, USDCHF, had been trading for the last 4 days between this range: 1.3037 - 1.2946. So, easy too.

And what happened?

Let's start with a joke called NEWS:

It came out what we were waiting for in order to get out of those damn ranges:

US Trade Balance for December out at -$65.7b.

ECONOMIC REPORT
U.S. trade gap widens in December
Deficit soars to record $725.8 billion for 2005

WASHINGTON (MarketWatch) -- The U.S. trade deficit widened in December and swelled to a new annual record, a government report showed Friday.
The nation's trade gap widened by 1.5% in December to $65.7 billion, the Commerce Department said. Read full report.
Economists said the deficit, which widened more than expected, was a sign of a robust economy because exports and imports both picked up.

Analysts surveyed by MarketWatch had expected the deficit to increase to $64.6 billion.

Economists said the trade gap was roughly in line with Commerce Department estimates in the preliminary report on fourth-quarter economic growth and therefore would not add to any upward revision.
"When both exports and imports are surging, that is generally a sign that the economy is in very good shape," said Stephen Stanley, chief economist at RBS Greenwich Capital. "These figures strike me as yet another sign that activity entering 2006 was on a solid footing, not about to slow down substantially, as the consensus believes."


And we were set: during a few seconds after the news, EURUSD went up a few pips and then down and then up again. This time with strength. Small pockets began to buy EUR and sell USD. The pair broke its range at 1.2015. It was a "festival". USDCHF broke down more convincingly too. And we said ourselves: "This is our change to make a lot of money".

But big hands, big pockets, institutions, banks and whatsoever were waiting for us. They let and maybe they pushed pairs to break ranges. Once done, they reversed with fury with a big, big, big smile in their face. And you know the end of the story.

And now we could argue: well, it was expected. Trade Balance was more or less in line and we had also this: "The first sale of 30-year bonds since 2001 went off better than expected thanks to strong foreign interest. That buying was likely funded by some of the billions of dollars the U.S. continues to send abroad every month, as demonstrated by the latest record trade-gap figures for December".

It is very hard to try to understand fundamentals. I do not do it. I'm a TA trader and I don't care about fundis. But I like to know this data. The point here is that if big hands are and want to be long , market is bull. On Monday, an insignificant data can reverse the market. Why? Because they want to be short. That's all. And we should trade what we see.

Friday's Recap:

EURUSD, sell at 1.1970 (16:30cet). Made a low at 1.1891. +79 pips.

Total eurusd= +79 pips.

USDCHF, buy at 1.3006 (09:30cet). Made a high at 1.3010. Closed at 1.2983.
-23 pips.

USDCHF, sell at 1.2983 (10:30cet). Made a low at 1.2924. +59 pips.

USDCHF, buy at 1.2995 (16:30cet). Made a high at 1.3084. +89 pips.

Total usdchf= +125 pips.

GBPUSD, sell at 1.7446 (17:00cet). Made a low at 1.7429. +17 pips.

TOTAL = + 221 pips.

Nina

Hi, Subsecond!

Applying fibos a little bit tweaked by me.

Friday's recap of your loved pairs according to CatFX50:

USDJPY, sell at 118,46 (03:30cet). Made a low at 116,89. + 157 pips.

GBPJPY, sell at 206,60 (03:30cet). Made a low at 204,75. +185 pips.

EURJPY, sell at 141,90 (03:30cet). Made a low at 140,00. + 190 pips.

CHFJPY, sell at 91,18 (03:30cet). Made a low at 89,97. + 121 pips.

TOTAL= + 653 pips!!!!!!!!!!!!!!

Seeing this, I understand your conversion "So I am currently in a transition phase from CARRY to NINA."

But DO NOT THINK it will be always like this.

Nina

Hi!

Let me be a naughty boy now.

Friday's Recap:

EURUSD, sell at 1.1970 (16:30cet). Made a low at 1.1891. +79 pips.

Total eurusd= +79 pips.

USDCHF, buy at 1.3006 (09:30cet). Made a high at 1.3010. Closed at 1.2983.
-23 pips.

USDCHF, sell at 1.2983 (10:30cet). Made a low at 1.2924. +59 pips.

USDCHF, buy at 1.2995 (16:30cet). Made a high at 1.3084. +89 pips.

Total usdchf= +125 pips.

GBPUSD, sell at 1.7446 (17:00cet). Made a low at 1.7429. +17 pips.

TOTAL1 = + 221 pips.

USDJPY, sell at 118,46 (03:30cet). Made a low at 116,89. + 157 pips.

GBPJPY, sell at 206,60 (03:30cet). Made a low at 204,75. +185 pips.

EURJPY, sell at 141,90 (03:30cet). Made a low at 140,00. + 190 pips.

CHFJPY, sell at 91,18 (03:30cet). Made a low at 89,97. + 121 pips.

TOTAL2= + 653 pips

Final TOTAL= +874 pips in one single day.

Yours,

Nina

it is fantastic nina
would u attach the pics of these trades beacuse i want to know what is exactly your rules for exit.your system offers very good entry signals but i'm strogling for finding a exit rule unfortunately i could not be able to find it.
thanks for sharing

Hi, Kamyar!

I said a thousand times that the recaps are posted to show how much we can make with this system.

I said a thousand times too that I use FiboPivots, common sense (?), support/resistance lines and trends.

Since Thursday I was saying (post 1020): "As long as USDCHF does not break clearly 1.3042 and holds then above 1.3028, eurusd shorts will be vulnerable.
".

USDCHF broke with fury 1.3042. Made a high at 1.3068 and then went down to 1.3035 (7 pips shy of my level 1.3028). From there, up again to 1.3084.

Plot fibopivots on your charts and you will see.

Nina

thanks for your 1001th answer specially for me.
thank u so much

Hi!

Not a all, Kamyar!

BTW, we should add 270 pips more to 874.

AUDJPY, sell at 87,64 (03:00cet). Made a low at 86,60. + 104 pips.

CADJPY, sell at 103,29 (03:00cet). Made a low at 101,63. + 166 pips.

TOTAL= 1144 pips.

If we add USDCAD and AUDUSD, CatFX50 gave more than 1250 pips yesterday.

Don't get sick: no body can trade all those pairs listed at a time.

Nina

I hate to say that the time for most entries is not available for me. I cannot afford to stay up all night for those trades.

I think Mangman just wants some Potentiality Vs Reality statistics.