Hi, I hope you are enjoying your week-end. I have posted a couple
of videos in todays update. The 1st outlines my analysis of the current
state of the markets (chaotic)! & the second shows you a possible
big move that may be developing on the Euro/$. This will not happen
over night, but it is certainly something to look out for. In the
current markets the longer time frame moves are probably the best for
you to consider.
Last weekend I told you that the Gbp looked likely to be on for a
major reversal. By mid week, you will have thought that i was mad! By
the week-end it looks as though I may be correct after all. The thing
to consider is that with weekly moves even last weeks extreme
volatility shows merely as a little local difficulty.
Similarly a 15 minute chart can be all over the place and
yet fnish in exactly the same place as the candle opended on the daily.
Again look at fridays gbp/$ moves. This is why It is my personal goal
to eventually only trade from Daily and even weekly charts. However the
tutorials on the members site offer you the chance of trading from as small as
15 minute charts through to weekly.
You can find todays post here:
Return to Archive
