November 2020 Trading Signals Performance

We have concentrated all the trading signals that were initialed in November 2020. The trade alerts were issued in the Forex market, Commodities and indices.

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DATE INSTR REALIZED
02/11/20 FTSE100 +106 POINTS
02/11/20 GOLD +361
04/11/20 EURAUD -150 PIPS
12/11/20 GBPAUD +50 PIPS
16/11/20 MEMBERS OPEN
16/11/20 FTSE100 +77 POINTS
16/11/20 CRUDE OIL +11

FTSE100 Trading Signal (02/11/20)

Please click on the chart to enlarge:

FTSE100 Daily Chart 02/11/20

FTSE100 Daily Chart 02/11/20

FTSE100 long at market price (ask 5,642)
Take profit: 5,850
Protective stop: 5,560
Risk Ratio (RR): 1: 2.5 (approx.)
Estimated duration: 4 days

Relevant as long as FTSE100 is below 5,660

Note: This is a 4hr entry. The potential drawdown is a re-test of 5,620. There is a fair possibility we may see a re-test of 5,620. In an event we do we may initiate a long trade in the Dow.

Date: 02 /11 /2020

Sent Email Updates

FTSE100 reached a resistance level at 5,750 (4hr close). We are uncertain whether the price will be able to break above without some corrective weakness, which we are unwilling to absorb.

Please click on the chart to enlarge:

FTSE100 4hr Chart Signal 03/11/20

FTSE100 4hr Chart Signal 03/11/20

FTSE100 is trading at 5,748 at the time of this writing, we are closing the long trade at market price.

We are continuing to monitor the markets.

Date: 03 /11 /2020


Gold (XAU/USD spot) Trading Signal (02/11/20)

Please click on the chart to enlarge:

Gold 4hr Chart 02/11/20

Gold 4hr Chart 02/11/20

XAU/USD long at market price (ask 1,888.50)
Take profit: 1,910
Protective stop: 1,873
Risk Ratio (RR): 1: 1.5 (approx.)
Estimated duration: 4 days
Relevant as long as gold is below 1,892

Note: This is a 4hr entry. The potential drawdown is a re-test of 1,885.

Date: 02 /11 /2020

Sent Email Updates

We decided to close XAU/USD long trade at market price (1,892.11)

Please click on the chart to enlarge:

Gold 4hr Chart II 2 November 2020

Gold 4hr Chart II 2 November 2020

The resistance at 1,895 is holding at the time of this writing. The risk is that we may witness excruciating gains in the commodity. The dip in the Dow is not contributing to gold either.

As the volatility may pick up tomorrow due to the US elections we will re-assess our stance on gold.

Date: 02 /11 /2020


EURAUD Trading Signal (04/11/20)

Please click on the chart to enlarge:

EURAUD 4hr Chart 04/11/20

EURAUD 4hr Chart 04/11/20

EURAUD long at market price (ask 1.6350)
Take profit: 1.6560
Protective stop: 1.6220
Risk Ratio (RR): 1: 1.4 (approx.)
Estimated duration: 48 hours

Relevant as long as EURAUD is below 1.6405

Note: This is a 4hr entry. The potential drawdown is a re-test of 1.6255. We are not entirely pleased that a long trade is initiated following some gains as it often reflects in some drawdown.

The reason we are ‘more lenient’ is is due to the US elections. We must see some profit prior to the Fed monetary policy.

Sent Email Updates

We are shifting EURAUD protective stop to 1.6200. We require more room prior to the Fed monetary policy. This is a minor adjustment only to withstand the initial reaction.

Date: 05/11/20

Reports on the vaccine’s progress triggered a rally across the leading indices. GBP strengthened in today’s session as the market expects a brexit deal by the end of the year.

In our prior update we mentioned that we are noting some indications for GBP strength. We missed the entry in GBPAUD, the gains in the cross were not reflected in EURAUD, which triggered the protective stop earlier in today’s session.

Date: 10/11/20


GBPUD Trading Signal (12/11/20)

Please click on the chart to enlarge:

GBPAUD 4hr Chart 12/11/20

GBPAUD 4hr Chart 12/11/20

GBPAUD long at market price (bid 1.8098)
Take profit: 1.8440
Protective stop: 1.7965
Risk Ratio (RR): 1: 2.2 (approx.)
Estimated duration: 10 days

Relevant as long as GBPAUD is below 1.8160

Note: This is a 4hr entry based on the weekly chart. The potential drawdown is a re-test of 1.8000. The required stop based on the weekly chart is larger (below 1.7935). We are attempting a tighter stop as if the 4hr entry holds we may see some gains within the next 24 hours.

Sent Email Update

As opposed to GBPNZD and GBPCAD has struggled to correct higher. As the price is held in a 4hr range, it dents the long entry. We are shifting the protective stop to 1.8125.

If we do not see any meaningful gains prior to the weekly close we may exit the trade. There is some support around 1.8135.

Date: 13 /11 /2020

GBPAUD is trading at 1.8148 at the time of this writing, we are closing the long trade at market price.

As noted in our prior update, GBPAUD failed to correct higher as opposed to other GBP pairs and crosses. We see no valid reason to remain in the trade.

Date: 13 /11 /2020

FTSE100 Trading Signal (16/11/20)

Please click on the chart to enlarge:

FTSE100 4hr Chart 16/11/20

FTSE100 4hr Chart 16/11/20

FTSE100 short at market price (bid 6,428)
Take profit: 6,110
Protective stop: 6,565
Risk Ratio (RR): 1: 2.2 (approx.)
Estimated duration: 7 days

Relevant as long as FTSE100 is above 6,370

Note: This is a 4hr entry relying on the weekly resistance. The potential drawdown is a re-test of 6,490. We debated whether to wait for the weekly close, this was a difficult decision to make as if the price posts a firm break above 6,490 the gains may continue.

The reason why we decided not to wait for the weekly close is as heavy selling may materialize within the next 24 hours. If we do not see the corrective weakness we have room to maneuver.

Sent Email Updates

The FTSE100 recent gains are problematic for the entry, we decided to exit the trade at market price (6,351) rather than absorb further gains in the index.

Please click on the chart to enlarge:

FTSE100 4hr Chart 17/11/20

FTSE100 4hr Chart 17/11/20

We may re-enter the index.

Date: 17 /11 /2020


Crude Oil (WTI) Trading Signal (16/11/20)

Please click on the chart to enlarge:

Crude Oil 4hr Chart 16/11/20

Crude Oil 4hr Chart 16/11/20

Crude Oil (WTI) short at market price (bid 41.33)
Take profit: 39.35
Protective stop: 42.45
Risk Ratio (RR): 1: 1.8 (approx.)
Estimated duration: 4 days

Relevant as long as crude oil is above 41.05

Note: This is a 4hr entry. The potential drawdown is a re-test of 42.10. We debated whether to initiate this trade as it over-exposes us to the market. It appears to be a decent entry, the odds for re-testing 42.10 are slightly lower based on the 4hr chart.

Sent Email Update

Crude oil’s selling kicked into play, however, as opposed to our current open trades there is some struggle in correcting lower. The price may correct back to around 41.11, only if it holds it may suggest heavier selling some time tomorrow.

We are shifting the protective stop to 41.22.

Date: 17 /11 /2020

Crude oil triggered the protective stop in a short-lived spike, ending the trade with a minor profit.

Date: 17 /11 /2020


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