Dynamite TNT Forex Trading System
A Result-Proven Forex Trading System that Consistently Pulls in Your Profits

Below is an extract of the daily Forex Market Analysis Report that Clarence Chee sent out to his Forex Trading students on the morning of 16 Oct 2008 regarding the outlook of the Forex market and his trading plan for the day.

EUR/USD

Based on the Fib Levels drawn from Oct 14 high to Oct 15 low:

1. We are looking to sell the pair based on TNT (PIPS) signals below 1.3505 (23.6% Fib Level), with possible target profit at 1.3358, 1.3319, 1.3295 and 1.3257, or

2. We are looking to buy the pair based on TNT (PIPS) signals above 1.3505 (23.6% Fib Level), with possible target profit at 1.3555, 1.3560, 1.3600 and 1.3637.

For both cases, prices must be trendy and not choppy.

GBP/USD

Based on the Fib Levels drawn from Oct 10 low to Oct 14 high:

1. We are looking to sell the pair based on TNT (PIPS) signals below the PIPS Weekly Pivot, with possible target profit at 1.7103, 1.7047, 1.6970 and 1.6779, or

2. We are looking to buy the pair based on TNT (PIPS) signals above the PIPS Weekly Pivot, with possible target profit at 1.7304, 1.7360, 1.7428 and 1.7575.

For both cases, prices must be trendy and not choppy.

USD/CHF

Based on the Fib Levels drawn from Oct 1 low to Oct 6 high:

1. We are looking to buy the pair based on TNT (PIPS) signals above the PIPS Weekly Pivot, with possible target profit at 1.1406, 1.1448, 1.1463 and 1.1487, or

2. We are looking to sell the pair based on TNT (PIPS) signals below the PIPS Weekly Pivot, with possible target profit at 1.1244, 1.1190, 1.1175 and 1.1103.

For both cases, prices must be trendy and not choppy.

USD/JPY

Based on the Fib Levels drawn from Oct 10 low to Oct 14 high:

1. We are looking to sell the pair based on TNT (PIPS) signals below 100.00 (61.8% Fib Level), with possible target profit at 98.55, 98.12 and 98.00, provided the global stock market is bearish, or

2. We are looking to buy the pair based on TNT (PIPS) signals above 100.00 (61.8% Fib Level), with possible target profit at 100.70, followed by 101.00, 101.89, 102.60 and 103.00, provided the global stock market is bullish.

For both cases, prices must be trendy and not choppy.

EUR/JPY

Based on the Fib Levels drawn from Oct 14 high to Oct 15 low:

1. We are looking to sell the pair based on TNT (PIPS) signals below 135.33 (23.6% Fib Level), with possible target profit at 132.17, 130.90, 130.61 and 130.00, or

2. We are looking to buy the pair based on TNT (PIPS) signals above 135.33 (23.6% Fib Level), with possible target profit at 136.55, 137.54, 138.00, 138.52, 138.85, 140.00 and 141.09.

For both cases, prices must be trendy and not choppy.

USD/CAD

Based on the Fib Levels draw from Oct 6 low to Oct 10 high:

1. We are looking to buy the pair based on TNT (PIPS) signals above 1.1822 (23.6% Fib Level), with possible target profit at 1.2128, 1.2040 and 1.2128, or

2. We are looking to sell the pair based on TNT (PIPS) signals below 1.1822 (23.6% Fib Level), with possible target profit at 1.1582, 1.1479, 1.1365, 1.1326, 1.1270 and 1.1051.

For both cases, prices must be trendy and not choppy.

AUD/USD

Based on the Fib Levels drawn from Oct 5 high to Oct 10 low:

1. We are looking to sell the pair based on TNT (PIPS) signals below 0.6650 (23.6% Fib Level), with possible target profit at 0.6460, 0.6365, 0.6326, 0.6300 and 0.6200, or

2. We are looking to buy the pair based on TNT (PIPS) signals above 0.6650 (23.6% Fib Level), with possible target profit at 0.6850, 0.6980, 0.7012, 0.7060, 0.7145, 0.7173, 0.7285 and 0.7315.

For both cases, prices must be trendy and not choppy.