Here is another example of some of the detailed analysis that members of www.forexmentorpro.com receive on a daily basis, in advance. In this video Marc shows a simple, price action forex strategy that gave 200 pips profit on the Gbp/$

Hi, slow week thus far as predicted in my Sunday analysis. I explained that it wasn’t a week to place forward orders and how its best to go down to smaller time frames. There have been winning trades BUT when markets are like this I get my stop to entry at 20/25 pips (15 pips on the Euro/Gbp as its a much smaller daily range), take half of the trade off and leave the balance to run.

I show in the short video how I am waiting for price to break out on the Euro/$ & GBp/$.

I explained in the video that if price broke and closed below 1.5400/the daily 55ema how to short it.

It did (see image) and went 200+ pips!

Other than that its just a watching and waiting day for me.

Be extra careful around 10.30 London time when outgoing Governor of the Bank of England makes one of his final speeches. He may use the opportunity to have a “dig” at his political masters, so that could rock the boat.

Other than that its the lack of news that is probably causing the lack of movement.

New members please note: If I am looking to take a trade long, at for example 1.5000 , I place my order 10 pips above & 10 pips below for a short. This is because price often does not quite reach a major line and you need to allow for spreads.

I go into advanced forex strategies in much more detail via my mentoring service forexmentorpro where for a limited time only you can access the trial for only $1 and start learning advanced forex strategies and much more today

To View the Video full screen, click on the square shape, bottom right hand corner.

Author: Marc Walton