GBPusd FX

The Forex Mechanics  are still very much in this trade, We have been in it for the South and we will remain until it hits our target which is 1.47372 about 34 pips remaining. Althogh this is not our trade for today. Our trade for today is to long on AUDusd. We will enter at 0.76505 and will exit at 0.75475. Which is about 93 pips. Our culture is to lock 20 pips So i will see you later

See You Later

98Pips Again

The Forex Mechanics who posted the blog yesterday committed great blunder and we are deeply sorry for this. We were to place a buy stop for 98 pips long and exit. and wait for the the price to come south and place a sell stop at 1.48502 for another 98 pips to the south. Now we will place a sell stop at 1.48130. So right now we are headed for South for exit at 1.47436. Sorry for the mistake. You Sometime this happen that you really can not explain.
See You

GBPusdFX

The Forex Mechanics are trading GBPusd this morning we will place a buy stop at 1.48502  and we will exit at 1.47430. This is about 98 pips but our tradition is to lock in 20 pips.
This pair has been in the South and will continue South for a while. The price has been trapped between 1.49861 and 1.47378, and  this has been happening for about 4 days now. In this circumstances the odds usually favor price in the direction of the the major trend  80% of the time. Again our indicator shows that the price is expected to move South with about 500 pips.

That is our ultimate target anyway.
This is just for educational purpose only and we advice that you exercise caution when trading Forex because it is highly risky

50pips made

Just see the Chart below . they picture speak better than words.

Enlarge the pix to see the entry and exit. This is what we like doing we love it when we make a lot of pips. this is what we do everyday.
Well Judge us with our past records.
Anyway we want to go for some refreshment now, all the Forex Mechanics are don for the week .
so see you next week.

NZDjpyFX

The Forex Mechanics just entered into NZDjpy now. We will further enter at 90.38 and exit at 90.75 which is about 30 pips . We are not going more than this because the pair has moved 90 pips already.

I will see later

70 pips made

The Forex  Mechanics  made 70 pips on GBPusd today. The Chart below showed where our Buy Stop and Take Profit.

We will see you again in the morning

GBPusdFx

This Morning the Forex Mechanics will be trading short on GBPusd. We will enter at 1.47895 and will take profit at 1.47126 . That is about 70 pips.

Why we are trading GBPusd ? The pair has been going South for quit sometime. It retraces for a while and formed a double top with a very long hammer at 1.50174 which closed at resistance level . These are confluence of events that gives triple assurances that the pair will resume South.
But the irony of it is that nothing about Forex is cast in Stone
Meanwhile see our trade for today

So You At The Next Level 

USDjpyfx

Hi Everyone. The Forex Mechanics are here again. The last time we posted our buy stop was not triggered so no problems. Today The Forex Mechanics are going long on USDjpy we place a Buy Stop at 121.619 and we take profit at 121.910 which is about 27 pips.
However see our trades for today below.

CADjpyFX

Quite a long time isn't it? This year has been so uncertain in Forex Market. If you know us well enough we don't just give out what to trade we ensure we give accurate trades 80% of the time.
Today the Forex Mechanics are going long on CADjpy We enter at 96.962  and we take profit at 97.650 but remember to take 20 pips and allow other to run