Currency Forecasts
Really good trade opportunities are rare. There are only few per month, if at all. But that's sufficient, in order to achieve excellent trade results. It's not necessary to trade every day and to spend the bulk of your time in front of your screen.
I invite you cordially to test my service. Concentrate on your job, spend more time with your family, and enjoy your life. I will do my best to do the rest.
You will get an average of 2 to 4 alerts per month with concrete entry, stop, and target prices;
updates of every trade. I inform you when it's time, to adjust a stop or to get out of a trade;
Questions & Answers :
Q: Who is your target group for this service?
This service is designed for any market participant with a directional risk component over short, medium or long-term time frames. Back to top
Q: Which markets do you cover?
EURUSD, EURJPY, EURCHF, EURGBP, EURCAD
USDJPY, USDCHF, USDCAD, AUDUSD, GBPUSD
Q: When do you send your messages?
As this is an alert service there are neither predetermined days nor hours. If I have identified an interesting trade opportunity I will send you an email with all necessary information normally many hours before the market reaches the entry level. So you do not need to sit in front of your screen all day long.
Q: How often will I receive trade signals?
That depends on the markets. About 2 to 4 trade signals per month.
Q: Some messages are characterized as 'scalp'. What does that mean?
Messages, which are characterized as 'scalp', concern market situations with an estimated profit potential of about 30 pips. If the market trades below the 'scalp' price, it's a sell scalp, otherwise a buy scalp. Messages for scalp situations do not contain stop loss- and target prices.
Q: How does a buy/sell alert look like?
Very concise: e.g.: usdjpy mt: sell 50% @ 124.00, stop 124.50, target 123.00.
Q: What does the percentage weighting mean in a buy/sell alert?
Each buy/sell signal is weighted by a percentage that amounts 25%, 50%, 75% or 100%. The different weightings can be understood as a ranking as to the supposed quality of a trading opportunity. The highest reading of 100% refers to excellent market opportunities with an estimated high profit probability and/or great reward/risk ratios. The ranking enables you to adapt the size of your position flexibly to the respective quality of a trading opportunity. If for example your maximum risk tolerance per trade is 2% of your trade equity, you could use a reading of 50% to risk in that trade only 1% of your trade equity. The weighting can also be used to build up positions step by step to a given size: e.g. 2 entry levels of 25% are added to make a 50% risk position.
Q: What are support, resistance, and critical prices?
Support- and resistance levels are possible turning points which do not fulfill my requirements for a buy/sell alert. Critical prices should not be broken in order to maintain a bullish or bearish stance in a given time frame.
Q: How long are buy/sell alerts valid?
In the Daylight Saving Time buy/sell entry levels are normally valid till 22:00 GMT. In the Winter Time the entry levels are valid till 23:00 GMT. Signals, which are valid 'good till cancelled', are characterized as 'GTC'. A GTC forecast is valid only in the time between Sundays and Thursdays midnight GMT.
Q: Which prices do you refer to when you talk about stop prices?
for buy stops: stop bid, for sell stops: stop offer.
Q: What does a Subscription 'Period' mean?
A Subscription Period lasts at least one month, but expires only after the forwarding of a minimum of five tradable alerts with a total profit of at least 20 pips on an un-weighted basis. The next period starts one day after the end of the expired period.
A signal is considered as tradable, if charts show that the signal price was quoted. In cases of doubt the average price of three different chart suppliers is considered as the quoted price.
The following applies:
- Sell entry signals refer to bid prices
- Buy entry signals refer to ask prices
- The assumed bid/ask spread amounts to five pips
- If a chart shows the bid prices, five pips are added in order to calculate the respective ask prices
- If a chart shows the ask prices, five pips are subtracted in order to calculate the respective bid prices
- If a chart shows bid/ask prices, five pips are added to lows in order to calculate the respective ask prices, and five pips are subtracted from the highs in order to calculate the respective bid prices.
Q: How long does the trial period last?
The trial period lasts just as long as a regular "1 period subscription".
Q: Can I use only the intraday signals if I am a day trader?
No. On the one hand I expect that my entry levels of every buy/sell alert are close to market turns. On the other hand the target price of each signal informs you about the forecasted price direction and the potential of the expected price move. However you should take into account the reduced reward/risk ratio of a day trade, and if necessary, trade with a tighter stop than suggested in the respective buy/sell signal.
Q: What is the respective meaning of your abbreviations id, st, mt, and lt?
id: intraday = 24 h
st: short-term = 1-3 days
mt: medium-term = 4-10 days
lt: longer-term = > 10 days
The time periods refer to the estimated time between the execution of a trade and the achievement of the target price.
Q: Your stops are often relatively far away from your entry levels. Why?
In todays thin and volatile markets, tight stops mean rather to accumulate losses, than to limit them. By distant stops the reward/risk ratios are indeed reduced, but I believe that the considerable increase in profit quota overcompensates this disadvantage.
Q: If I go online and find a message to exit a position @ the market, what shall I do?
If the message was sent some time before your logon, ignore the message. Should you then need my help, please feel free to contact me.