Welcome to ICMM Corp

Total Profit = $26,522.50 in one Week

2009-11-04T08:21:00.003-05:00

We decide to close all the trades open just 10 minutes before the news.

As you know during the news the profit can become bigger or can get much smaller. So we decide to lock the profit we have of $26,527.50.

Today the FOMC is going to announce the interest rate. While it's more likely that they will leave funds rate unchanged at <0.25%, investor's focus will be at the statement about economic condition. If they give an optimistic view about economic recovery progress, the Dollar should be weaken as risk appetite increase. On the other hand, if they give a pessimistic view, Dollar should gain as risk aversion increase.

Watch what happened to our Last Trades !

2009-11-02T10:29:00.005-05:00

The Same Trades We Had on Last Thursday Turned from $13,830.50 into $20,376.50 Today

12 % in 24 Hours

2009-10-29T13:04:00.007-04:00

$ 13,830.50 Profit in less than 24 Hours for an account of $100,000.00

First Target at 1.5043 = 118 Pips Profit

2009-10-21T15:26:00.003-04:00

Long EUR / USD @ 14925

2009-10-21T03:47:00.002-04:00

Click above to view the Presentation

Long EUR / USD @ 14925

2009-10-21T02:26:00.008-04:00

EUR / USD Forecast for Tuesday

2009-10-20T01:48:00.004-04:00

The EURUSD slipped above the range are of 1.4850 - 1.4950 yesterday, topped at 1.4980. The bias is Bullish in nearest term targeting 1.5077 and 1.5172 but we need a consistent move above 1.4925 to confirm the Bullish scenario.

Any movement back below 1.4925 area should lead us back into No Trading Zone, re-testing 1.4870/30, but the mode remains Bullish and short position is not recommended unless you are watching a small retracement just to cature 20 -50 pips.

Monday Trading

2009-10-19T11:42:00.006-04:00

Closed first trade of the day for a Profit of 52 Pips

We are still looking for another Long position.

EUR / USD for Monday

2009-10-19T00:02:00.008-04:00

The EUR USD made a significant technical movement early today in Asian session, to my key support level 1.4850. Technically, this fact open a way for a further Bearish correction at least re-testing 1.4720 in nearest term, but correction is just a correction and short position is not recommended at this phase. . I still prefer a Bullish scenario.

Today we are looking for the price to settle above 1.4895 which is our Daily Pivot Point and we ll go Long with Target 1.4940 - 1.4962.
On the upside, 1.4950 remains a good resistance but a valid break above that area should trigger further Bullish continuation targeting at least 1.5080 area before aim for 1.5300

EUR USD Technical study on November - December 2007 compared with present situation

2009-10-18T12:20:00.015-04:00

The EUR USD still trapped in range market of 1.4950 - 1.4850 yesterday.

I think that was a normal movement, maybe needed before make another Bullish momentum targeting 1.5300 area.

1.4850 is not only a long term key level but also a 23.6% Fibo retracement of 1.4479 - 1.4965 proving that it is a very important and valid support level. As long as that support area hold, the bullish scenario should remains strong. I still prefer a bullish scenario in upcoming week.

However, there are always two sides of every story right?
Now let's take a look on that other side of the story, the bearish correction. On my Weekly Chart avove , I see an interesting similarity between today's and November - December 2007 movement. After a significant bullish movement, price found good resistance around 1.4950 area and corrected lower at 1.4309 before continued the bullish momentum, break above 1.4950 and peaked at 1.6019 on April 2008. Now, we also found the fact that 1.4950 area is not an easy resistance to be broken. Thus, technically, a potential retreat to the downside, a bearish correction back to 1.4309 can not be ignored (remember, technical analysis believe that history tends to repeat itself), especially if we have a break below 1.4850 support area. However, whether we are going to have a bearish correction to 1.4309 or not, the big picture of EUR/USD is clear for me: bullish.

2009-10-18T12:08:00.002-04:00

The EUR USD still trapped in range market of 1.4950 - 1.4850 yesterday. I think that was a normal movement, maybe needed before make another bullish momentum targeting 1.5300 area. As you can see on my H4 chart , the 1.4850 is not only a long term key level but also a 23.6% Fibo retracement of 1.4479 - 1.4965 proving that it is a very important and valid support level.

As long as that support area hold, the bullish scenario should remains strong.
I still prefer a bullish scenario in upcoming week. However, there are always two sides of every story right?

Now let's take a look on that other side of the story, the bearish correction.
On my Weekly Chart below, I see an interesting similarity between today's and November - December 2007 movement. After a significant bullish movement, price found good resistance around 1.4950 area and corrected lower at 1.4309 before continued the bullish momentum, break above 1.4950 and peaked at 1.6019 on April 2008. Now, we also found the fact that 1.4950 area is not an easy resistance to be broken. Thus, technically, a potential retreat to the downside, a bearish correction back to 1.4309 can not be ignored (remember, technical analysis believe that history tends to repeat itself), especially if we have a break below 1.4850 support area.

However, whether we are going to have a Bearish correction to 1.4309 or not, the big picture of EUR/USD is clear for me: Still Bullish.

If you have any questions please dont hesitate to contact us at: office@CurrencyBank.net

EUR / USD Forecast: We are in a Range Market

2009-10-15T23:57:00.007-04:00

Breakout towards 1.5300 is expected

The EURUSD had a volatile but indecisive market yesterday, formed a Doji on daily chart. On the chart we can see that the pair is trapped between my two important levels, 1.4870 - 1.4960 area. However, for me it's clear that the Bullish remains in control as price quickly rejected further downside correction after found support around 1.4850 area and I am expecting a valid breakout above 1.4950 at least targeting 1.4990 , 15040 and 1.520 area before aim for 1.5300.
Initial support remains at 1.4850 area.

Break below that area will not automatically set a bearish reversal scenario but surely diminish my bullish technical outlook. Short position is not recommended.

For intra day trading use the colours on the chart to get 50 pips or more.
Use tight Stop Loss all the time if you are an intraday trader.

EUR / USD Reached My Target @ 1.4950 PROFIT 270 Pips

2009-10-14T20:16:00.040-04:00

Today we reached our Target at 1.4950 and closed another Profit of 270 Pips On H1 Chart we can see that the Bullish Channel remains strong and valid indicating upside scenario still dominate and control the movement. The bias remains Bullish in nearest term but we need a valid break above 1.4950 area before targeting at least 1.5100 - 1.5140.Some of my indicators are in overbought area and heading down on H4 so watch out for potential downside correction testing immediate support at 1.4850.

Break below that area could trigger further bearish correction back towards 1.4760 but short position is not recommended.

EUR / USD Forecast:Re-testing 1.4850 Bullish Continues

2009-10-13T14:04:00.008-04:00

The EUR / USD had had a bullish momentum yesterday, topped at 1.4812 and closed at 1.4776. Although the nearest term bias should remains Bullish, actually my medium term outlook remains neutral as the pair still move below 1.4850 key resistance area.

My yesterday's technical strategy worked fine. As you can see in my H1 chart below, price had a bullish momentum after rejected to move below 1.4688/50 support area, violated the bearish channel to the upside and hit the top. The bias is bullish in nearest term still re-testing 1.4850. Break above that area should lead us into a new stage of bullish scenario targeting 1.5000 even 1.5300 area.

My key support level to be watched today is 1.4760/30 area. I will be watching any reactions around that area before make any decision. As long as that support area hold, the Dollar should remains under pressure today. On the other hand, failure to consistently move above that area could trigger another downside correction testing 1.4650 area.

EUR / USD Forecast for Thursday

2009-10-07T23:31:00.015-04:00

Today another 90 pips from Long @ 1.4684 to 1.4774

Corrected Lower, Support Hold, Bullish Remains Intact.

The EURUSD was corrected lower today the way I predicted yesterday so I am not surprised.

In fact, I think we need this correction in order to continue the bullish scenario re-testing 1.4850 area. On my H1 chart we can see how the the price bounced for almost 7 hours from 1.4700 to 1.4650 support area.

Once the 1.4700 has broken then our target was reached successfully right at 1.4774 for another 90 pips profit. All my indicators are showing very good opportunities to continue our Bullish outlook to 1.4850

Immediate support at 1.4650 area. Only a break below that area could diminish my Bullish scenario predicted a couple of days ago.

For any question or other information regarding other pairs , please contact us at office@CurrencyBank.net

EUR / USD Forecast for Wednesday

2009-10-06T23:03:00.024-04:00

The EURUSD continued it's bullish momentum on tuesday, topped at 1.4761 and closed at 1.4721. On H1 chart you can see that 1.4671 area is an important intermediate resistance at this phase. The bias is neutral in nearest term and we might see some downside correction today, but the bullish scenario with 1.4850 as potential target especially if price break above 1.4761 area remains intact. However do not rush buying now.

My indicators are heading down on H1 chart and price pullback after touch 1.4761 so watch out for potential downside correction testing 1.4695 - 1.4650 support area. I will be watching any reaction around that support area before make any decision today. If price able to stay above that support area, the bullish scenario re-testing 1.4850 should remains intact. Break below that area should diminish my bullish view but short position is not recommended at this phase.

For any question or other information regarding other pairs , please contact us at office@CurrencyBank.net

EUR / USD hits 10 pips below My First Projection

2009-10-06T08:28:00.009-04:00

Second Profit @ 1.4748 for 150 pips

Waiting for the price to get out of the yellow zone

If the market go North I can see the bulls running to next targets:

T1= 1.4802

T2= 1.4845

First Profit Taken @ 1.4692 for 100 Pips

2009-10-05T21:59:00.005-04:00

For those who dont know what a Pip is or how to calculate the value of a Pip please contact us at office@CurrencyBank.net

Click on the chart to view my first projection.

Long EUR / USD

2009-10-05T16:23:00.016-04:00

Well it looks like we have a Bullish scenario on EUR USD.

At this moment all major time frames show a Buy Signal.

We are Long from 1.4591 looking for a Target @ 1.4850 Stop Loss @ 1.4480
To continue with this strategy plan I have to see where the day close.
I would prefer to see the closing price above 1.4655
Click on the chart to enlarge the picture For more details please contact us at office@CurrencyBank.net

EUR/USD

2009-10-03T19:22:00.005-04:00

The EURUSD was corrected lower this week after peaked at 1.4842 last week. From a bigger point of view where this pair started the bullish rally since March 2009 from 1.2456 until peaked at 1.4842, this bearish momentum is surely a normal correction.
However, I think we are in a very critical technical phase now.

Here is why: Price found resistance around 1.4850 - 1.4950 area. A look at my Daily Chart, we can easily see that 1.4850 - 1.4950 area is a very important area since November 2007. When break above that area at February 2008, price continued to peak at 1.6019 on April 2008. On the other hand, after break below that area on August - September 2008, we see a big bearish movement bottomed at 1.2329 on October 2008.

So I think it's logical that now I will pay a lot of attention to any reaction around this area.
A breakout to the upside could trigger further bullish momentum at least towards 1.5300 area. However there are always two sides of the story in forex right? So, in contrary, if price fail to move above that area, we might have potential bearish reversal scenario here.

The rising wedge formation support this bearish reversal scenario and the fact that price already made a rejection to move above 1.4850 on September 23 2009 and closed lower at 1.4574 this week might be very important event for the bearish reversal outlook. However price also might make another attempts to break above that area, so nothing is confirm yet here. In upcoming week, beside 1.4850 - 1.4950 resistance area, I will watch the 1.4280 support area (23.6% Fibo retracement of 1.2456 - 1.4850). Still on my daily chart, this support area is also a key support level. So as long as the pair able to stay above this area, the bullish continuation scenario should remains intact. However, break below this area could also be considered as rising wedge breakdown and seriously damage the bullish outlook at least targeting 1.3935 (38.2% Fibo retracement of 1.2456 - 1.4850 and could be a beginning of a big bearish reversal journey.

Market Wrap

2009-06-11T16:26:00.006-04:00

Today could be a pivotal day as the markets appear to moving strongly in the inflationary camp with Gold up off it’s lows and commodities continuing there rise higher against the dollar.

The US bond auction this afternoon helped confirm the inflation debate with record yields today as the 30 year bond auction has not seen yields this high in 2 years. The pound has continued it’s run strongly against the dollar today and was able to make new daily highs against dollar while the Euros advance against the dollar had less momentum.

The S&P 500 stock index also broke it’s recent daily highs which coincide with the yearly highs.While the inflation debate is currently leaning towards continued higher inflation, we are still looking for reasons why this inflation trade could be exhausting itself as we are getting nearer to the summer doldrums.

Many of the traders who expect a deflation reversal, expect it to arrive by Sept or October of this year. If these traders are correct we could see an “unravel of the inflation trade” where we would see deflating stock prices, deflating commodity prices and inflating dollar prices.

Using the stock market as an inflation barometer, the S&P stock index prices have already risen back up to it’s minimal retracement level of 38% so it is still a reasonable chance that we could see a reversal in the inflation trade ahead of the anticipated Sept or October timeframe. While it is necessary to be open to alternative scenarios or countertrend trades, the best scenario is the one in play, so we currently favor the trend trades or the inflation trades.

EUR USD - No direction yet !

2009-03-26T11:35:00.001-04:00

The Secret of The Chart Language!

2009-03-11T11:26:00.013-04:00

Trading becomes very simple and it's fun, as soon you understand the secret language between the charts. Yes, the charts have their own language and they communicate continuous between themselves.They send clear messages to each other every second about whats going on in the financial field. They listen to each other, they respect each other and they protect each other.
I could say its like an Army where the General is the Monthly Chart, the Colonel is the Weekly Chart, the Major is Daily Chart, the Captain is the 4Hour Chart, the Lieutenant is the 1 Hour Chart, the Sergent is the 30 Min Chart, the Corporal is the 15 Min Chart and the Soldiers are the 5 Min Chart.What do they all have in common?

They all like to command and give Signals to their own troups.

They all like either to attack like Bulls (go Long) either to defend like Bears (go Short)

Their strategy is to change roles all the time. When they decide to go all in the same direction is the best time to follow them and you will be part of the Victory.

If you dare to get on the field without knowing their secret language, without knowing their final plan when they all decide to go in the same direction you have a 95% to become a VICTIM.

The Secret of our Success is knowing and understanding The Secret Language of the Charts

If you want to see in Real Action what I am talking about please Register to one of our Live Meeting. To Register click on the title.

Short again @1.2800 after a profit of 150 pips

2009-03-11T10:02:00.002-04:00

Stop Loss at 1.2825

Take Profit @ Open

Sit Back, Relax, Listen...and You ll Never Regret it!

2009-03-08T20:14:00.003-04:00

Fibonacci Extension

2009-03-05T12:57:00.009-05:00

If 1.2587 holds as a Resistence then as the next targets for profit on the Short EUR USD we have 1.2470 and 1.2403 may be we ll see 1.2293

First Profit Taken for 180 Pips

2009-03-05T09:30:00.002-05:00

Twizzer Top " Short EUR USD @1.2660 "

2009-03-05T01:27:00.005-05:00

Chart of the Year 2008

2009-03-05T00:59:00.003-05:00

Register for Our Live Meetings

2009-03-04T22:33:00.006-05:00

Watch Live our Trading System

2009-03-04T11:39:00.010-05:00

Click the title

Short on EURUSD"

2009-03-03T12:57:00.005-05:00

Click the title

Our System Works with 80% Accuraccy

2009-03-02T00:17:00.023-05:00

I’m using my own system, based on my proprietary "Key Numbers" and combined with my specific “Rules of Engagement” to create frequent Forex profits you might find hard to believe. This is available to all our investors with a Managed Account at ICMM. Is it Too Much to Ask For You to Have a Millionaire Mindset in a $3.5 Trillion Dollar a Day Forex Market? Forex is the most massive, exciting, liquid market vehicle to create wealth I’ve ever seen. One that will allow you to join the journey towards attaining success with significance… leaving a legacy of substance while fulfilling your life goals and desires. Hopefully this is just the beginning of our relationship together, and I look forward to talking with you again soon.

God Bless you !

We closed our Short position on EUR USD @ 1.2580 for a PROFIT of 120 Pips

2009-03-01T21:52:00.007-05:00

Short on EUR USD @ 1.2700

2009-02-27T19:55:00.014-05:00

Watch Live our Trading System

2009-02-27T19:33:00.001-05:00