Hi, I cautioned members of forexmentorpro.com earlier in the week that I was "neutral" on the Euro due to the fact that technically it was all over the place AND the annual Davros meeting of big financial chiefs meant that a serious attempt would be made to talk up the Euro.

Bernanke went one better by putting the boot into the $ by declaring that interest rates would be unlikely to rise in the USA until 2014. Its not in the USA's interests to have a strong $ as it hits their exports AND the Euro collapsing is not good for many in the world markets.

What happened? Everything pulled back against the $ & Gold & Silver finally broke the upper trend line I showed you. Why? The $US in the last 50 years was always seen as a safe haven currency, however paper money/fiat currencies are merely that, paper, the TRUE safe haven for centuries has been Gold. I also showed how gold follows the Aud & that the price of gold was looking to break upwards as well.

I showed how there were technical clues that many pairs were lining up for big pullbacks:-Bullish Engulfing candles on weekly charts, stochastics rolling over and macd divergence to name but a few.

The Aud did the triangle breakout that we have been waiting for for MONTHS. It is currently 240 pips in profit from a trade we planned on Sunday. One trade, over 2 weeks profit, all coming from planning, patience & discipline.

You can make forex as difficult as you wish & over trading is one of the easiest ways to blow an account, learn to plan your trades in advance, then trade that plan.

Here is Sundays video for those who missed it where I also explained the reason for shorting the Cad, Euro/Yen & Euro/Gbp at 0.8370, longing the Chf, which all worked almost to the pip! I then explained in the video why I was looking to long the Aud after a break out. We were looking for this potential trade for over a month!

If you want to learn how to trade forex for yourself then we have a special offer of only $4.95 for the 1st 7 days membership of our forexmentor pro program. If you would like to give it a try here is the link: Forexmentorpro.com special offer

Regards, Marc