Example Forex Trading Plans
This page shows examples of some of our trading plans. We publish one trading plan on Sunday night USA time as the forex market is opening, and two plans per day on Monday through Thursday night USA time. We publish one final plan on Friday after the market activity subsides. The trading plans contain the direction of the trends, trending time frames, price alert points, and price targets, if we are able to locate them. The trading plans are issued well in advance of the main forex trading session, then again after the main session activity stalls and the market is starting to consolidate.
We also add special notes to describe the condition of the forex market. For example, if the market is choppy or mostly trending. The plans for any individual pair are in narrative form and are short and compact. Each trading plan has a time and date stamp. All trading plans are for a minimum of 125 pips of potential or possibly a lot more on volatile pairs, so the upside potential and risk reward ratio is sound. The pertinent news drivers is in red lettering as a reminder to check the news calendars for exact times when the market might be volatile.
7819 - July 15, 2021 1200 Noon Eastern Time (New York)
Today in forex trading the NZD was weak, but these pairs are choppy or inside smaller ranges. The rest of the market had mixed signals with some small pockets of movement. The GBP/AUD is close to breaking out in to the strong uptrend. The GBP pairs are still pretty choppy. We will reevaluate the GBP pairs in the next set of trading plans looking for GBP strength.
News drivers for the upcoming Asian session from the NZD and JPY can be found on the news calendars.
7818 - July 14, 2021 1000 PM Eastern Time (New York)
USD/CHF - D1 downtrend in place, set sell alert at 0.9130, next major support 0.9000 area.
AUD/CAD - strong uptrend is forming, set buy alert at 0.9380, excellent upside of W1 uptrend fully forms.
CAD/CHF - strong downtrend is forming, set sell alert at 0.7280, some minor support at 0.7260, overall potential is very good.
News drivers for the upcoming main session from the USD can be found on the news calendars.
7817 - July 14, 2021 1200 Noon Eastern Time (New York)
Today in forex trading the heatmap signals were mostly mixed in the main session. Small movements on some pairs inside of smaller ranges. Good movement based on NZD strength after the news in the Asian session. After the NZD movements these pairs stalled into the main session.
News drivers for the upcoming Asian session from the AUD can be found on the news calendars.
7816 - July 13, 2021 1000 PM Eastern Time (New York)
Many pairs are fairly choppy. About 8-9 pairs are ranging but the ranges are 60-80 pips which is too low for trading plans. In the main session stick to strong heatmap signals only, or after the listed news drivers on the calendar, to consider any new trades. We would expect short term trades only tomorrow.
News drivers for the upcoming main session from the USD and CAD can be found on the news calendars. One news driver is pending now from the NZD also, see the news calendar.
7815 - July 13, 2021 1200 Noon Eastern Time (New York)
Today in forex trading there was JPY strength on the heatmap. These pairs were weak and dropped, but all of these pairs are inside support levels and small ranges on the smaller time frames like the H1. No trend-based trades or breakouts today.
News drivers for the upcoming Asian session from the NZD can be found on the news calendars.
7814 - July 12, 2021 1000 PM Eastern Time (New York)
Many pairs are moving sideways or somewhat choppy. We think it will be one more day before several pairs start to break out into bigger trends. Tomorrow in the main session and after the USD news confine any new trade entries to strong heatmap signals only.
GBP/AUD - strong uptrend in place, set buy alert at 1.8600, excellent upside.
News drivers for the upcoming main session from the USD can be found on the news calendars.
7813 - July 12, 2021 1200 Noon Eastern Time (New York)
Today in forex trading the market was quiet and consolidating on all pairs. We did not see any strong heatmap signals or any trend-based movements today.
7812 - July 11, 2021 930 PM Eastern Time (New York), 2030 Military CST
USD/CHF - D1 down trend in place, set a sell alarm at 0.9130. Next major support starts at 0.9000.
GBP/AUD - Strong uptrend in place, set a buy alarm at 1.8590. Excellent upside potential.
Other Pairs: EUR/AUD has a breakout resistance level at 1.5970. We expect this pair to break out along with many other AUD pairs based on AUD weakness in the next 1 - 2 days.
No strong news drivers on the calendar in the upcoming main session.
7811 - July 9, 2021 1200 Noon Eastern Time (New York)
Today in forex trading the JPY was weak and the AUD was strong, causing many pairs to move in the opposite direction of the trend. The AUD/JPY, NZD/JPY and AUD/USD all cycled up on the H1 time frame. These movements were against the trend. They might continue up one more day but the exact targets are hard to see on the charts. We would scale out lots or exit any buys.
7810 - July 8, 2021 1000 PM Eastern Time (New York)
AUD/JPY - strong downtrend in place, set sell alert at 81.35, next support level is around 80.00.
AUD/USD - strong downtrend in place, set sell alert at 0.7415, excellent potential below there.
NZD/USD - set support alert at 0.6925 on this pair, if it breaks out to the downside it will trigger lots of movement on this pair and other pairs. Lots of potential on this pair if a sell signal is in place below here.
USD/CHF - D1 downtrend in place, set sell alert at 0.9135, next support area is at 0.8950-0.9000.
EUR/AUD - strong uptrend in place, set buy alert at 1.5960, excellent upside.
GBP/AUD - strong uptrend in place, set buy alert at 1.8565, excellent upside.
AUD/CHF - strong downtrend in place, set sell alert at 0.6780, lots of potential
Market Notes - The market is now trending or strong trending across a large number of pairs. Volatility and price movement should continue.
News drivers for the upcoming main session from the GBP and CAD can be found on the news calendars.
7809 - July 8, 2021 1200 Noon Eastern Time (New York)
Today in forex trading the CHF was strong. The NZD/CHF sold off and the strong downtrend should be in place with much more potential. The AUD/CHF sold off and the strong downtrend should be in place with much more potential. The EUR was strong today also. The EUR/AUD moved much higher. This pair has broken resistance and the strong uptrend is now in place with substantial upside.The EUR/NZD also moved much higher on the H1 time frame. This pair has not broken out of the market ranges, so we would exit this trade. The JPY was strong today. The AUD/JPY sold off in the strong downtrend, next major support is about 80.00. The NZD/JPY also sold off, next support area is around 75.50 in the strong downtrend. Many other pairs had strong movements today, volatility at highest levels in several months. Market is now trending on a large number of pairs.
7808 - July 7, 2021 1000 PM Eastern Time (New York)
AUD/JPY - strong downtrend in place, set sell alert at 82.35, lots of potential.
AUD/USD - strong downtrend in place, set sell alert at 0.7450, excellent potential.
USD/CHF - strong uptrend in place, set buy alert at 0.9270, next major resistance is at 0.9430.
News drivers pending in the next hour from the AUD, check the news calendars.
7807 - July 7, 2021 1200 Noon Eastern Time (New York)
Today in forex trading the market was quiet on almost all of the currencies. Sometimes the market stalls ahead of the FOMC news driver which is later today. Then normal volatility resumes after the news is factored in.
News drivers are later today from the USD, FOMC meeting minutes, see the news calendar.
7806 - July 6, 2021 1000 PM Eastern Time (New York)
USD/CHF - set resistance alert at 0.9270, room to move higher on the D1 time frame up to the 0.9430 area.
Market Notes - the JPY looks strong, but we could not locate any nearby support breakout points. The overall market has good volatility now but many pairs are still in ranges.
7805 - July 6, 2021 1200 Noon Eastern Time (New York)
Today in forex trading the CAD was weak. The USD/CAD moved higher. This pair is at or close to resistance on the H4 and D1 time frames, so we would scale out lots or exit any buys. The CAD/JPY dropped. This pair is close to support on the D1 and H4 time frames, so once again we would scale out lots or exit any sells. Movements were good on these pairs but they are inside of ranges.
7804 - July 5, 2021 1000 PM Eastern Time (New York)
Many pairs are rangebound at the moment. The upcoming AUD news drivers should cause movement on the AUD and NZD pairs but we cannot see trends to support this as of now. Wait for the main session or after AUD news drivers to consider new trades, and confine new entries to strong heatmap signals only.
News drivers for the upcoming main session from the AUD and USD can be found on the news calendars. AUD news later in the Asian session also from the AUD. OPEC meetings continue tomorrow.
7803 - July 2, 2021 1200 Noon Eastern Time (New York)
Today after the NFP news driver we did not see any strong signals for trade entries. The charts were bouncing around on a lot of pairs. No trend based movements or breakouts today.
7802 - July 1, 2021 1000 PM Eastern Time (New York)
Please consider these trends and possible trades for after the NFP news driver.
AUD/USD - strong downtrend in place, consider any sell signals on this pair after NFP, lots of potential.
NZD/USD - strong downtrend in place, consider any sell signals on this pair after NFP, some support down to 0.6930, then clear past there, lots of potential.
USD/CHF - strong uptrend in place, consider any buy signals on this pair after NFP, still lots of potential left.
Other Pairs - We suspect that other pairs might be breaking out of their ranges, look for strong signals on other groups of pairs other than the USDs after NFP.
News drivers for the upcoming main session from the USD can be found on the news calendars. OPEC meetings continue tomorrow.
7801 - July 1, 2021 1200 Noon Eastern Time (New York)
Today in forex trading the JPY was mostly weak. The EUR/JPY moved higher. This pair and most of the other JPY pairs are inside of H4 ranges, so we would exit any buys. The USD/JPY also moved up, this pair is in a strong uptrend and the next major resistance is around 112.00.