Hi, In Sundays update based on WEEKLY charts I said that amongst others I was looking to short the Gbp/$ at 1.5800. That trade alone is currently +450 pips. We have had some phenomenal results from weekly trades so far this year. If this success level continues then no I can reduce my time trading to a bare minimum.

I also find that this method is a lot less stressful. You have ages to plan the trade, entries, exits & stops. Place the order and walk away. There is a misconception that you need HUGE stops on weekly charts. This is not the case. Yes stops are bigger, but they do not have to be massive & you reduce the amount you stake per pip so the risk is the same if you have a 30 pip stop. All of which is explained in greater detail in the low cost  forex mentor pro program that I run.

I also showed you how we had flag patterns on lots of pairs & how the one on the gbp/$ suggested a 350+ pip move down.  Do flag patterns always work? Of course not but we have had a few excellent ones in the last few months on the forex mentorpro site. The best was a move on the daily Euro/$ mid January where I showed that the potential break down would be a 700+ pip move down if the theory panned out. That move is currently almost 900 pips in profit.

On Sunday I wll post a sample of this in depth weekly analysis here on this free blog.The forum (link at top of this page) is starting to liven up. We have a group of experienced traders & some newbies who are test driving the forex megadroid robot & a few who have stumped up $999 for the forex robot world cup system. They are posting their truthful results and experiences in the forum so why not join in?

If you would like to know more about the low cost forex mentor site that I run, then click on the banner link below. We have over 40 mini video tutorials  to teach you how to trade forex and I do daily analysis showing trades I am looking to take for the day ahead. We have a 5* rating on forex peace army and the latest review by Patrick is below

Patrick, Juan Les Pins, France

Rating:
Date of Post:	2010-02-16
Review:	Excellent, Excellent,Excellent!!! If you want value for money and I mean value for money sign up to Marc Walton. This guy is the consummate professional. He is a great teacher, a great listener and dedicated to his followers. His aim is to teach you this business and he is the real deal and the value for money is unbelievable.There is none of the advertising bull that you get with the rest its all about teaching you the techniques of forex so you can make a living and maybe your fortune. Marc do not win the lottery we cannot afford to lose you!! Sign up with this site or forever hold your peace. If I win the lottery you will be right up there on my list Pat

Today, New Yorker David Strack has kindly posted his video analysis for the forex day ahead:

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