In last weeks weekly video post (possible 900 pip move) I showed you in great detail why I thought that the GBP/$ was likely to fall. From that analysis you would be currently 450+ pips in profit. As I mentioned in my email I have also been exploring the possibility of doing a daily video service & educational web site with another very well known forex trader. The site will be for his & my usual methods as well as the LMT.   This new site is now open, check it out here

http://www.forexmentorpro.com/

Videos that I made during the week for the  LMT earned me 695 pips from just 3 trades that I predicted on the Monday. They opened on the Wednesday.

euro yen trade that I predicted two days earlier

euro yen trade that I predicted two days earlier

The reason I was able to correctly analyse them was that I combine the LMT with my normal trading methods as outlined in the e-book. There is also the small matter of 6 years and 1000′s of hours experience!!

Here you can see the EURO/YEN chart (at the end of the week). I had correctly predicted where we needed to enter. Stops if the LMT didn’t fire and secondary targets (yellow line at the bottom). This trade made 282 pips profit. It was placed on Tuesday night/wednesday morning from analysis that was recorded Monday.

There were even more daily winning LMT trades this week, but because I have to stick to my money management rules I could not take them all. Also, the trades that I took were all low risk/high possibility trades. I ignored the more risky ones. This week some of the higher risk trades won as well, but if you wish to succeed longer term then you need to learn how to eliminate and ignore the higher risk trades.

I will have more news about this new service (hopefully tomorrow). Look out for the email. If you are not on the email list, fill in the box top left corner of this page. NEW Mentoring service is now open see here for details

http://www.forexmentorpro.com/

On to this weeks analysis for the week ahead. This week could be very tricky. There is a LOT of news out this week, plus speeches by all the major financial players, Bernanke & Trichet included. I hate speeches. Apart from the obvious point that they are usually extremely boring! the problem is that one slip of the tongue by these guys can whip-saw a market in seconds.

We have had brilliant results from the last few months of these videos. Be even more careful this week.

Regards,

Marc       (to see the video in full size, click on the symbol next to the clock)

Want more of this? See these posts:

  • Forex Analysis for the week ahead (Last Weeks Analysis Gained 500 pips)
  • Last Weeks Forex Analysis On WEEKLY Charts Won 1400+ pips
  • 600+ Pips profit from Sundays Video Analysis
  • Free Forex Analysis for the Week Ahead 6th December 2009
  • Possible 1000 Pip Triangle Break Out & Free Forex Analysis for Week Ahead