Hi, this is an example of the detailed forex analysis my fellow forex mentors & I provide 5 times a week BEFORE the event. That way members can learn to spot this type of move IN ADVANCE.
Most forex “gurus'” tell you after the event. My dog (who isn’t overly bright 🙂 could tell you what you should have done yesterday! If you would like to learn how to trade forex, from real, professional traders then check out our awesome 14 day trial offer CLICK HERE We teach winning fundamental & technical strategies, full courses supported by blog analysis like this one AND members only forum, run by pro trader Pierre du Plessis. Pierre shares his trading ideas, tips and advice every day. We have a 5* reputation on the biggest review sites & you won’t believe the price!
When I was last with you I showed what I was looking to trade from weekly charts and why. One pair alone gave over 1000 pips profit and I have others on my radar now.
Its Easter weekend coming up so the markets should start to wind down for the long weekend on Thursday so whats the plan for the week ahead?
Gbp$Nzd: Gave 5 winning trades of over 150 pips and 1 that went 650! SO whats the plan? Keep doing it until or unless it fails, its that simple! I am looking to short once more at slightly altered price of 2.1480. If it breaks and closes above 2.1550 on at least a daily chart I will look to long. More conservative entry is weekly candle close for that trade as per Aud:
Aud: Last time 1st trade lost 50 pips, 2nd one went over 250. THATS the way to make money trading, make a plan for all eventualities, get the money management right and you make money, caching 🙂
However I am not looking to long again. The RBA won’t allow their currency to strengthen and previously set 0.7000 to 0.75000 as their goal. Moral of the story never bet against central banks. I will re evaluate as the week (s) progress.
Gbp/Aud: This DOES look attractive for multiple reasons, bollinger bans, emas, fib, trend line (see the video) why I am looking to short at 1.9520
1000 Pip trades
Nzd: Worked again, currently + 100 pips. Keeps bouncing off weekly resistance. If it goes back up I will short again at 0.6860. Also if it drops back down to bottom trend line a long at 0.6500. Final option if it breaks and closes above 0.6900 MIGHT be interested to long but watch milk prices and news closely.
Euro/$: Another too messy right now. Only want to short 1.1450 is preferred area if it gets that high.
$/Sgp: Had 2 years of awesome results with this pair, small stops, 800+ pip moves, unfortunately that run is currently over and had a recent loss and small profit. Fundamentally I believe the $ will continue to rise here, BUT for now I will short if it pulls back to 1.3800 for multiple reasons, target being 1.3220 where I would also then look to long.
Euro/Gbp: Bad idea, two weak currencies and a lot of political and geo political activity in the back ground, better options elsewhere. Always best to trade a strong currency against a weak one. These are both weak a the moment.
Aud/Yen: Last time I caught this it went over 1300 pips, could be about to di it again (see the video) I am looking to short around 0.8700/8760
$/Yen: I expect the Boj to intervene. of course WHERE is the issue. Technically 106/107 is one to watch closely.
1000 Pip trades
S & P 500. re approaching major resistance once more, last few times made big moves, see the video why 2090 is the area for me.
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. We are NOT a “tipping service” our aim is to teach you how to trade for yourself.
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1000 Pip trades
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