24-Hour FX Price Targets

[Dave Floyd]

Performance Data for 24-Hour Target Trades:

Pip count Week of Dec 11th: 7 pips (Monday & Wednesday only)
Cumulative since Oct 10th: 1,401 pips

[Dave Floyd]

24-Hour FX Target Follow-Up:

Our target in GBP/USD was just achieved - 1.7575. This resulted in a gain of roughly 65 pips.

This is in addition to the 40 pips we picked up on the short in AUD/USD.

The long in USD/NOK is still open but within striking distance of its target at 6.6950

[Dave Floyd]

Wednesday's 24-Hour Targets......

We remain bullish on the dollar (DXC) but see only modest upside targets on the pairs noted below on the 24-Hour FX Targets.

[Dave Floyd]

Solid morning thus far - USD/CAD stopped out while USD/JPY & AUS/USD still looking to hit targets.

However, EUR/USD, USD/CHF have posted solid gains of nearly 70 pips. USD/NOK chalked up about 130 pips ($1.50 per pip)

[rufffen]

That's some solid calls, this got to be one of the most underrated threads! Props, and some stars at the rating, keep it up!

[humax]

Nice calls!

Pity my broker has no NOK.

[humax]

Found 2 brokers with NOK, 40 pips spread.
OMG!

Is that normal Dave?

[cbattles]

Yeah, that must be normal considering that the spread is 50 right now at the big O --- but the pip value is only about $1.50/100,000 Units (full lot) --- so the 50 pip spread is only worth $73.70.

Per 100,000 lots GBP/USD 4 pip spread costs $40, and EUR/USD 1.5 to 2 pip spread costs about $15-20.

So, it's not as far out of line as it first seems.