The night before last weeks amazing collapses on many forex pairs, I told my forex mentorpro members how to catch this kind of move. These were low risk trades with a relatively small stop, using a method that is easy to learn. I only use this method when we do not have any of my preferred pullbacks & you have to be careful & make sure that there is sufficient room for price to fall.

I recorded the following video on Thursday evening for my forex mentorpro members while price was still tumbling, price eventually went as low (from my recommended entry points) as follows:

  • 900 + Pips on the Euro/Yen
  • 750 + Pips on the Aud/Jpy
  • 220 + Pips on the Euro/$
  • 550+ Pips on the Gbp/$

The following is an extract from my daily update as well as the video.

This method also worked on a few other pairs but I show you in tonights video which were the best trades to take & why. On Monday I said “My philosophy is if we can catch a couple of decent moves this week that will be sufficient.”

I also showed last night how bollinger bands give clues and suggested that price could pullback 40 or 50 pips on the Cad. Again this is in tonights video.

Just as important was my advice to avoid the $/Yen long last night as the 3 day Bank Holiday was ending & there were lots of clues that this had further to fall. It has fallen 400 pips so far!

Hopefully you managed to make profits this week. If you are new and sat out all the mayhem then use the experience to add to your knowledge bank so next time you will know what to do. If you lost then review the videos and try to learn where you went wrong.

If you would like the opportunity to earn serious money trading forex then consider joining my low cost forex mentor program. I teach you how to trade & provide daily videos & written tips & advice explaining how to use this knowledge for the following day to make lots of forex pips. We have a 5* rating on forex peace army. To find out more click on the following banner link;

Want more of this? See these posts:

  • Free Forex Analysis February 5th & Member makes 792 Pips in a Week
  • Forex Analysis for the week Ahead & last weeks 1000+ Pips Results
  • Example of Daily Forex Mentoring Service tips & advice that gained 150+ pips
  • Awesome LMT Trades 1583 pips in 2 days
  • Forex Analysis for the Week Ahead- 6th Sept 2009