Still Selling GBPjpy

The Forex Mechanics want you to know that we are still selling GBPjpy despite its earlier move to the North. Although we are still waiting to see if it will break the Support Level when it gets there. See the Chart below.
Check what we posted  earlier

We are also going south on NZDjpy

We Entered at 74.266 

we will take Profit At 73.920 

That is about 40 Pips although we will take our 10 Pips at the Forex Mechanic Workshop then we can trail the rest of the profit target

See you Later Guys

GBPjpy

Hi Everyone

The Forex Mechanics just wants to show you what is going with GBPjpy so as to allay your fears, because we know  most of you would have started entertaining fears thinking this is a lost trade for us. Know we believe this is a temporary Northward movement to give the impression that the pair will continue to the North. Well It might because we are not the Market movers we only ride on the back of the market movers to place our trade. Now let us show you a bigger picture why the Forex Mechanics believe this is not going back to the North.

This is exactly the Daily Chart of GBPjpy. You will discorver that it has reached a major Resistance Area and that was the Third Time it will be returning at that point . So we believe that its not going back to the North any time soon so we are still very much in the trade in trade but with a high level attention .

We respect  a Triple Top a lot at the Forex Mechanic Workshop

We will let you know what happens later

Bless You

GBPjpy Going South

Hi everyone,

Today we shall be going South with GBPjpy
We have Entered at       147.316
We will take  Profit At 146.970 that is about 26 Pips
This will not stop us taking our 10 Pips at 147.175..

We are also monitoring the congestion at 147.321 Price Level . Once that congestion is broken it will hit the next Support and take decision whether to turn back to the North or continue its journey to the South. This is because the Price Level 146.970 is a major Support Level . Looking back you will discover it has acted as a \Resistance Level  Before So we are believing a major decision will be taken there and not at the present Level.
This analysis is based on 4Hr Time Frame

See what we are talking about on the Chart below

So we are watching at the  Forex Mechanic Workshop

So see you later guys.

Over 40 Pips on EURcad

Hi  Good day Everyone

We are in over 40 Pips already on EURcad. We told you that this pair will go South for a very long time.
We Entered At 1.48150 and we have taken the traditional 10 Pips and are trailing the rest of our Profit Target. We are going to take over 300 Pips on this pair before the end of the month.
Refer to our post early this morning

Chech out the  Chart below

Have a nice day

EURcad Will Continue South

Hi Everyone

This is going to be a special kind of trade because we are going to be going south with this pair for the whole of this month once it breaks 1.48136 on a weekly Time Frame. The Forex Mechanics are waiting ti see what is going to happen with this pair.

However we are already in this trade we entered at 1.48150 we will be taking the traditional 10 Pips which will be at  1.48050 before we continue to take about 280 Pips for the month.
 But let's wait and see what happens

Check out the chart below:

Over 90 Pips Today

Hi Everyone,

The Forex Mechanics made over 90 Pips in one our accounts today. That is less than another over 300 pips we made in our other accounts.

Confirm below

Isn't this awesome? So when we come up with Pips we should be taken as serious people. This cannot be a share luck . It is as result of hard work by the Forex Mechanics. We will show you one of our accounts tomorrow to know that we a serious people.
All we want is for you to spread good news about this blog so that we can continue to educate a lot of people about the fact that Forex is real and you can really make a lot of money from it.

Thanks and see you tomorrow

22 Pips Taken

Hi Everyone

The Forex Mechanics just wish to update you that we have taken 22 Pips and are out for now. We will wait for the Double Top to be broken before we reenter the market otherwise we will stay away for now.

Although the chart below shows that we are still in the trade we will be getting out very soon . We don't give back profit once we make it no matter how small . That is a tradition the Forex Mechanics will never change.

So let us analyse the chart below

We entered the Trade at 132.075 and we took the traditional 10 Pips as we normally do and we remained in the trade waiting to  see what will happen. At 132.399 price level which eventually happen to be a Resistance Level it formed Double Top and went back back to the South on 1HR Time Frame 

Now what do we think? At the Forex Mechanic Workshop: We think EURjpy will go further South  to 131.960 before returning to the North. And Just as i was posting this message it has gone back to Retest 132.399 and could not break it. Although it has formed another Resistance Level at 132.098 on 30 Mins Time Frame and we are waiting to see if that is sustainable . 

We will get back to you later  to brief you of what eventually happens at the end of the day

See the 30 Mins Chart below

Thanks 

God Bless You all