Forex-fxtrader

Hi, Lots of things to tell you about today.

 

Clock Changes: The USA & Canada moved into Summer time today (has it stopped snowing)! two weeks before the rest of world & this could impact on trading patterns/market volatility this week. Normally Gbp & Euro news is released around 09.30 Gmt, the markets then have a few hours to digest & trade this. Usually things then quieten down for the hour before New York open and the start of US & Canadian news. I can't quote you specifics but I would simply say be wary. We could have more volatility than usual. 

 

 

I showed you last week how trading just off the 4 hour charts you could have made well over a 1000 pips on the Euro/$ alone from simple bounces off support & resistance in the previous 3 weeks! I often advise that you are better off just concentrating on a few pairs (most bank pro traders just trade one pair). I have forgotten my own advice & ended up analysing too many. 

 

As a result I am going to drop the Gbp/Yen - I spend my life telling you not to trade it & I will also drop the NZD/$. This pair is closely correlated with the Aud/$ anyway & the spread is double as well. I will still include them if there is a potential LMT trade.

 

 

We made a promise that everyone who Joined at $29.95 a month would keep that price for as long as they remain members. We will honour that promise. However in April we will raise the price for NEW members only, to $49.95. If you have any friends who are interested in joining then tell them to do so NOW!

 

Thank you for your continued support, regards, Marc

 

Heres Todays blog post: