Had you simply traded from my last two weeks daily analysis videos you would now be over 1000 pips in profit in just 8 trading days!! Most of these trades could have been placed Sunday evening and left on auto-pilot!
The more I look at the daily charts, the more I am convinced that this is where my future forex trading lies. If you can get away from the smaller time frames, your forex trading will be much less time consuming, less stressful and will give you lots more time to enjoy yourself.
In my 1st 3 years trading forex I was sat at my computer for up to 12 hours a day!
This weeks Pre Sunday Market Open Video
If you didn’t catch this on Sunday or you just want to refresh your memory, take a look below. See how again I told you to look for activity around the major areas of support & resistance & how you could have placed low risk trades on Sunday evening, with potential big gains.
You could have earned somewhere in the region of 460 pips from the moves on Monday/Tuesday & a futher 200 today. I predicted the moves on just three pairs: on cable, euro/$ & $/chf, a gain of over 600 pips for a maximum risk of 150. That is a phenomenal risk/reward ratio.
Below the video is an explanation of where you could have re-entered the gbp/$ again today.
I have banked 60 pips from this trade again Today
and even better my stop was automatically moved to break even with forexexecutorpro on the second lot. The second lot is currently + 80 pips.
The euro/$ is curently +100 pips from todays pullback and the chf + 70 pips.
Please give a star rating to the video/post a comment on you tube. to do this and view the video in higher quality, click on the “you tube” icon bottom right.
Gbp/$ rejects at trend line on daily forex chart again
See how price on the far left of the chart broke through the strong support line of recent weeks (as per last weeks videos).
This area of strong support became equally strong resistance.
Price has pulled back three times to this area including todays (right hand arrow). All you needed to do was place a forward order with a small stop of 20/30 pips for large gains.
Mondays candle (the middle arrow of the 3) gave you a possible 250+ pips move.
Todays move (also notice the doji candle for confirmation) has given me 60 pips on my 1st lot which is now closed and the 2nd lots is currently + 80 pips as I write this 18.00 London time.
gbp/$ reverse on 1 hour forex chart
Because I was near my computer I went to look for confirmation on the hourly charts, however had you traded this off the daily charts it was not necessary.
Again price had failed to break the blue daily trend line. We had a doji candle & the yellow lines are macd divergence.
I will save that lesson for another day!
To see previous videos check out our new forum in the “Learn Forex Free Lessons section)” Link above.
I will email you details of my analysis for the week ahead on Sunday. If you are not on my list just fill in the box top left of this page. You will also receive a free copy of my 60 page ebook “How to Trade Forex”,
Regards,
Marc
I am currently using a forex signal system that places the trade pair on my platform when the signal is given. Would you be interested in using this kind of system ?
hi leroy. i have seen a few people using this kind of thing lately.
yes i would be interested, marc
2009/9/5 Disqus <>:
hi leroy. i have seen a few people using this kind of thing lately.
yes i would be interested, marc
2009/9/5 Disqus <>:
Interesting stuff. I don’t see anything posted here in a few years. How is the larger time frame trading working for you? Would you be open to additional input from others who use the larger time frames?
Irishtrader
Upshot Trade Signals