Good afternoon to you all. I seem to spend my life telling people to be careful, but not this week. This week you need to be MEGA careful! There is a huge amount of news out (too much to mention here, so check your calendars), culminating in that old favourite of mine (NOT) NFP Friday. On top of the news there were possible major reversals last week on numerous pairs and the Bank of Canada didnt help the situation by announcing that they would intervene in the forex markets if they felt it necessary to prevent the Cad/Loonie getting any stronger. So very dangerous times ahead. The Nzd, $/Yen & Cad have already broken major trend lines and the Euro/$, Aud, Chf, and other Yen pairs look like they may follow suit.
The next few days should decide where price is going to go right through to christmas, so be ultra cautious and wait for moves to unfold. However in amongst all the possible doom and gloom there are a few potential trades for you to look out for, as explained in todays video. If you would like to receive more detailed analysis than this on a DAILY basis (including written notes) than check out the links at the top of the page to tne low cost subscription service I run with Dean Saunders. Lots of educational videos to show you how to trade forex and get the most out of the LMT. Re the LMT I see no potential daily trades on any of the platforms. Be grateful that the software is keeping you out of the current carnage. Have a great week. Marc
To view the video full screen click on the you tube icon bottom right of the screen. Please give a star rating on you tube or post a comment;
P.S There was a mix up un Friday so I didn’t receive Erols video until late in the day. Sorry about that. In general he will post on Thursdays & Fridays for the foreseeable future.
Thanks a lot for your posts, we are watching the market with a hawk eye.
As an aside note and a special thank you for your blog I wanted to let you know that this past Monday when the EURO went down 400 pips in 2 candles no one seemed to have an explanation not even Forex Factory except you guys, so thank you thank you thank you for running such a great blog
You guys are on top of my trusted source list
Many thank
David Carreno
http://www.TheFXReality,com
Thanks a lot for your posts, we are watching the market with a hawk eye.
As an aside note and a special thank you for your blog I wanted to let you know that this past Monday when the EURO went down 400 pips in 2 candles no one seemed to have an explanation not even Forex Factory except you guys, so thank you thank you thank you for running such a great blog
You guys are on top of my trusted source list
Many thank
David Carreno
http://www.TheFXReality,com
Great article and thanks for it. Forex is great if done right. You should also check what this person in the url above does