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 17 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 16 low:

1. We are looking to sell the pair based on TNT (PIPS) signals below 1.3507 (38.2% Fib Level), with possible target profit at 1.3358, 1.3346, 1.3319, 1.3295, 1.3257 and 1.3200, or

2. We are looking to buy the pair based on TNT (PIPS) signals above 1.3507 (38.2% Fib Level), with possible target profit at 1.3560, 1.3600, 1.3625 and 1.3686.

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 10 low to Oct 16 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 14 high to Oct 16 low:

1. We are looking to sell the pair based on TNT (PIPS) signals below 101.60 (61.8% Fib Level), with possible target profit at 101.07, 100.70, 100.15, 99.70, 99.25, 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 101.60 (61.8% Fib Level), with possible target profit at 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 the PIPS Weekly Pivot, with possible target profit at 135.65, 135.33, 133.80, 133.35, 132.17, 130.61 and 130.00, or

2. We are looking to buy the pair based on TNT (PIPS) signals above the PIPS Weekly Pivot, with possible target profit at 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 14 low to Oct 16 high:

1. We are looking to buy the pair based on TNT (PIPS) signals above 1.1831 (23.6% Fib Level), with possible target profit at 1.1994, 1.2040 and 1.2128, or

2. We are looking to sell the pair based on TNT (PIPS) signals below 1.1831 (23.6% Fib Level), with possible target profit at 1.1730, 1.1600, 1.1649 and 1.1582

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 the PIPS Weekly Pivot, with possible target profit at 0.6650, 0.6557, 0.6495, 0.6460, 0.6365 and 0.6300, or

2. We are looking to buy the pair based on TNT (PIPS) signals above the PIPS Weekly Pivot, with possible target profit at 0.7012, 0.7060, 0.7145, 0.7173, 0.7285 and 0.7315.

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