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Free Forex Analysis February 5th & Member makes 792 Pips in a Week

by Marc February 5 2010

Hi, Today is NFP Friday (USA unemployment news). I never trade it as it is too much like gambling and totally unpredictable for me. I posted a video that I recorded live in Decembers NFP news announcement to show you why I never trade it. You can catch that here: NFP Friday & Why I NEVER trade it

Today, David, our guest presenter from New York gives some tips on currencies to look out for on the longer term time frames & I certainly think he may be correct in his analysis of  looking for long term trades on the Aud & the Nzd.

Speaking of longer term trades,  I prepared a video for my forex mentorpro members last Sunday in which I showed them how to trade from WEEKLY charts. One trade on the Euro/$ alone, placed at market open is currently up 350 pips & the Euro/Yen +500! These entries were correct, almost to the pip, on a WEEKLY chart. There were other low risk, highly proftable trades as well. I will give you a full update on Sunday.As a result of this analysis here are just a few of the members comments:

“Hi Marc,

Amazing !!! Currently up 200 pips again on EUR/USD and 100 pips up on USDCHF.

I never believed it could be possible. I’ve only made 5-6 daytrades in two months and all winning.

Thanks again for your mentorship. J

“Dear Marc
I had to write and tell you that having had Euro/Usd just hit my limit at 1.3750 I have just completed my most successful trading week ever. (I will not be trading NFP) Since last Thursday I have made 489 pips on gbp/usd and 283 pips on Euro/Usd. Three methods used. Weekly retracements, Gap filling Support and resistance. ALL were planned in advance and I will now trade no other way. D

The forum is now up & running. We have members who are test driving Forex Megadroid. Simon is our test pilot, but lots of the other experienced forex traders are sharing their settings & results & offering tips & advice. We also have husband & wife team, Jay & Julie Hawk, 25 year forex trading veterans, helping out with articles, tips & advice. The link to the forum is at the top of the page, so why not call in and say hello.

I will post my video from last Sunday over the week-end & my regular weekly update late Sunday afternoon GMT time. If you would like to informed of news & updates fill in the email box top left of this page. If you would like to be a member of my low cost forex mentor program, click on the following link to find out more, Regards, marc

Want more of this? See these posts:

  • Free Forex Video Analysis for Friday 19th February
  • Free Forex Analysis for 15th February 2010 – Flag Patterns Everywhere
  • Free Forex Analysis For the Week Ahead 24th january 2010
  • Learn Forex- Forex Analysis For Week Ahead. Top Member Made 1600 Pips Last Week!
  • Free Forex Analysis for Friday 26th February 2010

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    Category: Example Forex Trades, Forex Advice  |  Comment (RSS)  |  Trackback
    • alx
      I can't measure it it pips - too many trades of different sizes.
      Only on Thursday my account increased by 320%
      I planed the USD deals over 5 weeks ago.
      You don't need any average stuff. Neither any other indicators.
      All you need is just couple of lines and eye :-)
      The price will tell you everything. You only have to learn it's language.

      "The PnL shows that EURUSD might go down even to 1.35-1.36 if broke below 1.4 but I don't dare to say it aloud..." This is a message I send to one of my followers on 6th January 2010. It was at 1.4330 by that time. Over 600 if Buy&Hold. But triple that if played daily ranges... :-)
      ALX
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