Over 40 Pips in USDjpy

Hi Everyone,

The Forex Mechanics wants you to get ready for a great break out of USDjpy to the North. We posted that we will take a decision when the  Price gets to 113.816 and now the price has hit the Price Level . So we are still waiting to see what the closing candle will say at the close of today.

Now check the Chart below and compare with what our post yesterday

We are still in the trade, although with 10 Pips of the table .

See You Later

GBPusd 100pips

Hi Everyone
GBPusd
See What Patience can do in Forex Trading. The Forex Mechanics waited for the the Price Level 1.27082 to be broken to the South. Please refer to our last post to see the analysis.. We are out of this trade temporarily.
The Forex Mechanics feel the Market will hover between 1.27028 and 1.26352 and might  only come back after retesting 1.27028.
Again we are going to play the waiting game here. . Once it retests 1.27028 which was the Support Level We will wait to see the Candle it will form before taking Decision.

See The Daily and Weekly Chart below:

We have not forgotten that we also mentioned USDjpy . This is still Under the Radar of the Forex Mechanics. We are still expecting it to break to the North for the month. But the Resistance Level  113.814 is yet to be broken. The Price Dipped to a Support level At 112.533 and could not break it to the South. We are expecting the price to go back to 113.816 Resistance Level before we decide on what to do. You can see we are in the Trade to the North already.

See Chart Below

GBPusd Shorting

Hi Everyone,
We hope your weekend was cool?
Just like we promised that henceforth we will only be releasing a pair on monthly basis . For instance we will focus on a particular pair and post to let you know where it will travel for the month and when it is likely to turn back
And this will be the pair we will post on daily to give details of its reactions on daily basis. The reason for daily analysis  is because  the fact that we mentioned monthly does not mean the trend will not change sometimes on daily basis.
But the Forex Mechanics will view  and let you know whether it will be a turning point or temporary retracement .
Our focus for this month is going to be GBPusd. The Forex Mechanics will be going short on this pair for the month until we see that it is about to  change movement.

Enter  At                    1.26284
Take   Profit               1.22085

We will however wait for 1.27082 Price Level to be broken before we make an informed decision.
All these on Daily Time Frame

If you check the Chart properly you will see we have placed trade for today at 1.27183 we will take 10 Pips first and take final profit at the Support Level 1.27082


 Check Out The Details Below:

See the inverted Hammer that couldn't break the Trend Line to the Up? The moment it breaks the \Support Level of 1.27082 then we are good to go

Again USDjpy will be for Buy for the Month this analysis will be given later.

We Are Out with 25 Pips

Hi Everyone we are out of GBP nzd with about 25 Pips which is okay for the day
We posted to enter at 1.87676 and to take profit at 1.87021. But we think the pair is tired for today so we took profit at 1.87421

COMING BACK WITH A BANG.

Hi Everyone,

Quite a long time friends . We  have not posted for a very long time because we have been trying to change certain things about our daily releases.
Now we will be doing a daily briefing of monthly trade. We tell you where the trend will go for the month and do a daily analysis of retracement and what we thing will happen in the long run. That will start from December .
We want you to adopt the lifestyle og the Big Dogs. They don trade everyday.They only do twice in a month and that is the secret we are going to be releasing to you
However we must let you know that trading in December is usually very low. A lot of traders are preparing to take out profit and go for holiday now and that is why volatility is always very low between January and December. But that does not mean we won't be trading in December at all .

So expect a very big one beginning from December.

However we have been going short on GBPnzd  . Our Take Profit will be at 1.87021 that is about 50 Pips from 1.87676

God Bless You.

Stil In EURnzd

Hi Everyone

In the last message we posted we told that we are so sure EURnzd will go long. We are now in the positive regarding all our long position on EURnzd. We kept loading the gun in preparation for a Big Bang and now the bullet are been released gradually . We are still on the journey to the North with this pair and we will be until it gets to the next stop.

Now this is what we think will happen with this pair in future. 

Now the Price is Retesting 1.75446 Support Level If it breaks that Level to the South then it will Retest 1.75203  Before going back to the North. So The Forex Mechanics  took out some of our trades as you can confirm in the Chart Below. Why ! We don't allow return positive trade no matter how small. 

Check out the Chart below

This is a very good Friday for the Forex Mechanics, We wish you the best

STILL IN EURnzd

Hi everone

We are still very much in EURnzd for Long . The Forex Mechanics believe that this pair will travel North for a very long time
So we are still very much in it. Though we did some scalping on the pair  yesterday, we remain in it and some of the trade we placed on this pair are still in the negative.

But we don't mind because in the long run we know where we are going
We are also going long on EURcad

We Placed Buy Stop At  1.150460
Take Profit                At   1.50705

That is about 20 Pips of course you know that we will take our usual 10 pips and trail the remaining Profit