Forex 618 G7 Trading

V2 ALERT

EURUSD: BUY 1.2775, stop 1.2750, target 1.3000 GBPUSD: None USDJPY: None -------------------------------------------------------------------------------- Comment: Hold over weekend if not stopped out.
-------------------------------------------------------------------------------- Week total: EURUSD +45, +10 GBPUSD +0, USDJPY +0, Total +0 Month total: +10 We offer INSTANT TRADE ALERTS to your PC. Visit www.forex618/member.htm Trading is risky. Please read about it at www.forex618.net/disclose.htm
We trade during fixed times. Please read about it at www.forex618.net/time.htm

V2 FOREX TRADE ALERT

TRADE ALERT -------------------------------------------------------------------------------- EURUSD: None GBPUSD: None USDJPY: None -------------------------------------------------------------------------------- Comment: We now look to sell USDJPY near 116.50/60 if we get a signal there, and possibly buy EURUSD at a similar time near 1.2700/2680. If we don't get these entries, we are done for the week.

As we already have reached weekly target and are on track for the month, we are in no rush to enter trades unless we get a perfect entry setup. The benefit of being selective about trades as we have done this month, is that a very high percentage of winning trades is achieved (100% this month, and 21 in a row) with a resultant low drawdown. This is the way we wish to keep things going forward, and I am sure our clients feel the same way! The small drawback is that we need to be patient and wait for the setups, and some traders will find this difficult, even boring. However, we are in the business to make money from trading, and not simply to trade. As far as we are concerned, if we can achieve target with fewer trades and lower risk, that is far preferable to a multitude of trades with a risky equity curve.
-------------------------------------------------------------------------------- Week total: EURUSD +20, +30, +5, +14, GBPUSD +7, USDJPY +6, Total +82 Month total: +166 Place targets at 200 pips, unless otherwise advised.
Trading is risky. Please read about it at www.forex618.net/disclose.htm
We trade during fixed times. Please read about it at www.forex618.net/time.htm

V2 FOREX TRADE ALERT

TRADE ALERT -------------------------------------------------------------------------------- EURUSD: None GBPUSD: None USDJPY: None -------------------------------------------------------------------------------- Comment: There will be no more trades until 8.30AM Eastern, after the news announcements on the deficits. -------------------------------------------------------------------------------- Week total: EURUSD +20, +30, GBPUSD +7, USDJPY +6, Total +63 Month total: +147 Place targets at 200 pips, unless otherwise advised.
Trading is risky. Please read about it at www.forex618.net/disclose.htm
We trade during fixed times. Please read about it at www.forex618.net/time.htm

V2 FOREX TRADE ALERT

TRADE ALERT -------------------------------------------------------------------------------- EURUSD: None GBPUSD: None USDJPY: Close any short trade now -------------------------------------------------------------------------------- Comment: If you have short position, close now.
-------------------------------------------------------------------------------- Week total: EURUSD +20, GBPUSD +7, USDJPY +6, Total +33 Month total: +117 Place targets at 200 pips, unless otherwise advised.
Trading is risky. Please read about it at www.forex618.net/disclose.htm
We trade during fixed times. Please read about it at www.forex618.net/time.htm

V2 FOREX TRADE ALERT

TRADE ALERT -------------------------------------------------------------------------------- EURUSD: CLOSE long from 1.2820, at 1.2840 GBPUSD: None USDJPY: None -------------------------------------------------------------------------------- Comment: -------------------------------------------------------------------------------- Week total: EURUSD +20, GBPUSD +7, USDJPY +6, Total +33 Month total: +117 Place targets at 200 pips, unless otherwise advised.
Trading is risky. Please read about it at www.forex618.net/disclose.htm
We trade during fixed times. Please read about it at www.forex618.net/time.htm

V2 FOREX TRADE ALERT

TRADE ALERT -------------------------------------------------------------------------------- EURUSD: BUY 1.2820, stop 1.2820, target open GBPUSD: None USDJPY: None -------------------------------------------------------------------------------- Comment: Move stop loss to break even -------------------------------------------------------------------------------- Week total: EURUSD +0, GBPUSD +7, USDJPY +6, Total +13 Month total: +97 Place targets at 200 pips, unless otherwise advised.
Trading is risky. Please read about it at www.forex618.net/disclose.htm
We trade during fixed times. Please read about it at www.forex618.net/time.htm

Daily Currency Report

Dear Members

The daily currency report for Tuesday 8 August is now available at www.forex618.net/fx6.htm

Special notice: We are placing the Session (set & forget) trades on hold for the next while due to them causing too much confusion amongst clients, getting them mixed up with the normal V2 alerts. We will advise in due course as to whether we will re-introduce them again. There will be absolutely no changes to the rest of the service and the V2 trade alerts continue as normal.

Plan for today: Buy majors on dips.

Regards Forex618

V2 FOREX TRADE ALERT

TRADE ALERT -------------------------------------------------------------------------------- EURUSD: BUY 1.2820, stop 1.2790, target open GBPUSD: None USDJPY: None -------------------------------------------------------------------------------- Comment:
-------------------------------------------------------------------------------- Week total: EURUSD +0, GBPUSD +7, USDJPY +6, Total +13 Month total: +97 Place targets at 200 pips, unless otherwise advised.
Trading is risky. Please read about it at www.forex618.net/disclose.htm
We trade during fixed times. Please read about it at www.forex618.net/time.htm

V2 FOREX TRADE ALERT

TRADE ALERT -------------------------------------------------------------------------------- EURUSD: None GBPUSD: CLOSE short from 1.9100, USDJPY: CLOSE short from 114.95, -------------------------------------------------------------------------------- Comment: Close both trades now. No more trades until tomorrow.
-------------------------------------------------------------------------------- Week total: EURUSD +0, GBPUSD +7, USDJPY +6, Total +13 Month total: +97 Place targets at 200 pips, unless otherwise advised.
Trading is risky. Please read about it at www.forex618.net/disclose.htm
We trade during fixed times. Please read about it at www.forex618.net/time.htm

Special report on the USDZAR on 7 August 2006

After clearly forming a LT bottom just below 6.0, the Rand has rallied to resistance at 7.5. As expected, the Rand stalled at that point and has since corrected lower to 6.77. We expect that the rate will find a base between the current level and 6.5, where good prospects are seen for buying for a new rally back to 7.5 and eventually 8.5. Wait for signs of basing on daily charts before buying, such as a clear "spike low" or engulfing candle, allowing for a spike just below 6.5 if momentum carries it below there.