Here is the analysis I sent out FREE this morning before the london open to those who have sent me their e mail details.I banked over a 100 pips from this today.

More detailed to follow but just posted this on twitter.

morning all. i have a sell signal euro/gbp & a buy signal on gbp 4 hour chart (this is a private set up that i have that has produced over 90% of the time this year).

normally on a 4 hour trade the stop is below the candle that has just closed but in the case of the gbp 4 hour that is 130 pips & in the current market i dont like it.

the euro gbp is only 60. or so but may only have limited movement. to get round this i will use the 200 on the 4 hour at 1.4530 area as my stop for gbp & the full stop (above recent highs on the euro/gbp.
at the moment i am looking for pullbacks (especially euro/gbp possibly to the 34 & 55 emas at 0.8960 area and then look for clues for it turning down again.

Remember this is NOT a tipping service. This is for education only, forex is extremely risky & you can lose your shirt !
more detailed analysis to follow.

2nd morning e mail:

hi. got pullback entries re earlier post for gbp long & euro/gbp short. euro/gbp pulled back to 34/55ema as predicted and gbp pulled back to 200 on 4 hour. on gbp i put my stop at 1.4490 just below psych level & 34/55 emas.
i have taken profit of 30 pips off 1st lot on gbp. stop to entry on 2nd lot. balance to run. i have taken 20 pips profit euro/gbp 1st lot. stop to entry on 2nd lot

jan/february i just pulled the trigger & it worked. current state of the markets i have to look for pullbacks.

general market  overview. as you are aware things have been very choppy in april. i have managed to make good pips just looking for breaks & bounces at overnight asian highs & lows. (if you are new have a look at the diagrams on the results on the blog). the situation is the same today. put a line above and below the asian session highs & lows. look for break outs and pullbacks.

then decide which pair has the best potential for a move. in general i avoid pairs where the overnight asian move has been more than 65% of an average move (to find out daily average ranges go to this page & scroll down to the bottom of the page http://www.global-view.com/forex-trading-tools/chartpts.html

if the overnight range is less than 60% of an average days move.look for the pair with the best % chance. eg a 50% move on euro/gbp is 55pips but 50% of gbp is 110. which is best bet ? doh.

thats it for now. i have made 50 pips from earlier post. the 2nd parts of the trade are now no risk/stress free. that will probably do for me today. apologies to newer members who signed up during the night, i didn’t have time to add you to the list before i sent out the 1st part of todays analysis.

re going forward with the $1.000.000 challenge. i am having major problems with the administration. please post questions on the comments section of the blog. i am getting dozens of emails a day, often on the same subject & i do not have the time to answer them all. there is only me ! i have no admin assistant and i make zero money from the blog.

Also some of you have signed up 3 or 4 times and i am spending hours a day trying to keep up. i am going to take tomorrow off to come up with a better way to deal with all this. i often don’t trade fridays anyway.

i probably need to automate the back office stuff with someone like aweber, as the admin is interfering with my trading. i will let you know when i have a solution.

i will try to still post some brief analysis for you friday, but not too early. i need a lie- in !!

3rd part posted on twitter noon b.s.t

Best trade of the day. had a few on twitter who questioned my sanity on this, but i will show you why i took the trade in the results section a bit later. 100+ pips so far today

brave trader would consider shorting euro gbp NOW. it has just rejected at 0.8990 area for 4th time. risky but small stop, good risk/reward

Want more of this? See these posts:

  • 21st April Analysis
  • 22nd April Analysis
  • 23rd april results +130 pips
  • 17th April Analysis
  • 21st April Results +340 pips!

    • Filed under: Example Forex Trades

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