600 Forex Pips Profit From Sundays video & Important news update
Sent Thursday, September 3, 2009
600+ Pips from Sundays Video & Important News Update
I hope you have been enjoying and learning from the daily/weekly videos. The more time I spend studying these charts (very little)! The more I am convinced trading off the daily charts is the way forward. The previous week my analysis on the Sunday had yielded 500+ pips by Wednesday
(You could have placed the orders Sunday night and walked away).
The daily charts video I posted at the start of this trading week
(Sunday pre market open) was up 400+ pips by Tuesday and the gbp, euro/$ & chf are now up again + 200 pips (as I write this, Thursday 5pm London time)the gbp/$ trade was from a simple touch of the trend line, touch of 4 hour 200 ema, doji candle & psychological level of 1.6400.
This really was a no brainer. Low risk (20 pips), possible high reward trade. This trade was planned Sunday evening on the daily chart.
I have banked 60 pips profit from the 1st lot and moved the stop on the 2nd lot to entry (all done automatically by Forexexecutorpro)!
I have posted an article on the blog to show you how you could have entered these trades twice off the daily charts.
mentioned the other day that Traders Secret Library/ surefire Trading Challenge was being re-opened today.The winner of their latest competition grew his account by 2950% in a month!!and you get a copy of his and the top 25 systems. An added bonus is that you receive a months free membership to the Traders Secret Library site which is, in my opinion the best value for money educational forex site on the internet. Take a look here:
I will not be trading tomorrow or Monday. The LMT forex formula is, as I predicted on Sunday, beginning to show signs of its previous amazing winning ratio. However tomorrow is NFP Friday & Monday is a USA Public Holiday.
I suspect that there may be HUGE volatility after the holiday weekend. Keep watching the charts, but still don't be in a rush to trade. Trends take a while to establish themselves. Again look carefully at areas of support & resistance. I will post an update & video preview for next week on Sunday, Good Trading
If you missed Sundays video I have re-posted it in todays blog update.
(click on "you tube" bottom corner of the screen. It gives you better picture quality & you can leave a comment & post a star rating)
Return to Archive
