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Weakness in the Pound, the Aussie and the Kiwi – Currency Strength and Weakness for Tuesday 28th June 2016

Weakness in the Pound, the Aussie and the Kiwi – Currency Strength and Weakness for Tuesday 28th June 2016

Hi Forex Trader,

I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market.

My suggestions are posted by 6pm EST each day.

 

Overall there is strength in the USD with minor strength in the CAD and EUR

Overall there is weakness in the GBP, NZD and AUD   

 

Disclaimer: My clients have full access to my trading strategy, including specific trades each day that include the exact entry, stop loss and profit targets.
Use your own trading strategy and look to take trades that setup in the same direction as my daily analysis. If you don’t have a trading strategy, just CLICK HERE and I’ll send you some information to help you out.


Buy Trades – EUR/GBP, EUR/AUD

Sell Trades – GBP/USD, GBP/CAD, AUD/USD, AUD/CAD, NZD/USD  

 


FREE TRADING WEBINARS FOR FRUSTRATED TRADERS

Click here to Register

Are you a frustrated trader, feeling like you're ready to give it all up?

Have you been trading for 6-12 months or more and you're feeling like you're not achieving the kind of profits you should be?

If the answer to either question is “yes” then this webinar is perfect for you. There are 2 webinar times this week.

Click here to subscribe to the RSS Feed

To Your Trading Success.
Andrew


– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator

USD and CAD Strength – Currency Strength and Weakness for Thursday 18th December 2014

USD and CAD Strength – Currency Strength and Weakness for Thursday 18th December 2014

Hi Forex Trader,

Please note: Today’s trades, Thursday 18th December will be my last daily trade analysis for the year. My analysis will begin commence again on Monday 12th January 2015.
I’d like to wish you and your family a very safe and happy Christmas and New Year and I look forward to trading with you in 2015.

 

I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market.


My suggestions are posted by 6pm EST each day. 

Overall there is strength in the USD and CAD.

Overall there is weakness in the JPY, EUR, CHF, AUD and NZD.


Trading Directions I am favouring for the next 24 hours

Buy Trades – USD/JPY, USD/CHF, CAD/JPY, CAD/CHF

Sell Trades – EUR/USD, EUR/CAD, GBP/USD, GBP/CAD, AUD/USD, AUD/CAD, NZD/USD, NZD/CAD

 

VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis. If you don't have your own trading strategy then email me here for some suggestions





Regards
Andrew


– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator

5 Day Christmas Sales on now, just a few places left – Currency Strength and Weakness for Tuesday 16th December 2014

Trading Plan for 2015 and 8 Forex pairs to trade today – Currency Strength and Weakness for Monday 15 December 2014

Trading Plan for 2015 and 8 Forex pairs to trade today – Currency Strength and Weakness for Monday 15 December 2014

Hi Forex Trader,

I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market.

My suggestions are posted by 6pm EST each day.

 

Overall there is strength in the EUR and CHF with minor strength in the USD and JPY.

Overall there is weakness in the NZD, CAD, AUD and GBP.




Trading Directions I am favouring for the next 24 hours

IMPORTANT: Just to let you know that Monday's trade analysis, when the market opens at the beginning of the new week (Sunday if you are in the US/Europe) are usually the hardest to pick and if you wanted a day off trading, that would generally be the day to choose. The reason being; I am looking at the previous week's prices and the new open prices for the week when making my analysis on a Monday and of course many things can happen between the close of the market one week and the opening of the market the next week and the market sentiment can often change. Just bear this in mind each Monday (Sunday US time)

Buy Trades – EUR/AUD, EUR/NZD, EUR/CAD, USD/CAD

Sell Trades – CAD/CHF, GBP/CHF, AUD/CHF, NZD/USD



VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis. If you don't have your own trading strategy then email me here for help.



WEEKLY FOREX TRADING VIDEO and iTUNES PODCAST

In this week's video I talk about:

“Prepare your trading plan for 2015”




Have a great week ahead.
Andrew Mitchem


– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator

Your Trading Plan For 2015

Podcast:
Play

Your Trading Plan For 2015

In This Video:
01:12 Creating a Trading Plan Template
02:48 Setting Guidelines for Trading
05:31 A Christmas Offer Coming Your Way

Have you written your trading plan yet, for 2015? If you haven’t, I’ve got something here that will really help you. So let’s get into that right now!

Hi traders, it’s Andrew Mitchem here. I’m the owner of The Forex Trading Coach, one of the leading Forex education companies in the world, and I really would like to emphasise the importance of two things, as we come towards the end of 2014.

First of all, you can use this time to review your trading over the last year. Go back through your results, look at different time frame charts, different types of trades that you’ve taken and really analyse the market conditions at the time and to determine what sort of trades are really suiting you as a trader – what time frames, what pairs, what times of the day, etc. And then, the important thing from now on is to have a trading plan for 2015.

This was a topic that I discussed in depth with my clients just last night on our live two-hour trading room webinar which, by the way, some people took some amazing trades and made a whole heap of money live, while I was on the webinar, but more about that shortly.

Creating a Trading Plan Template

So, the Trading Plan – well, I’ve written one out here and I’ve got my own trading plan – it’s around eight pages long. I am not going to discuss the actual details of my own personal one – that’s something I discuss only with my clients – but I can give you an outline of how I go about developing that trading plan and also, on this page, underneath this video on this page, there will be a sign-up box which will… you can fill in your details on that and I’ll send you a blank copy of this very trading plan that I’m holding here in my hand.

So, it goes along the lines for this – First of all, write down what currency pairs you’re wanting to trade! It might be all of the trades, all of the pairs that your broker offers; it may be just a select few types of pairs, but write it down. The second thing – what days of the week am I looking at trading. Are you looking at trading only Tuesday, Wednesday and Thursday? Are you looking at trading just once a week? Are you looking at trading all five days? Again, write it down!

Then, break down each day – what hours are you looking at trading? You know, is it just on the close of the daily chart? Is it just on the close of the hourly chart? Whatever it might be, have that written down and then, look at what time frame charts that suit you. And you’ll start to know, over a period of time, what suits you. You might like the fifteen minute charts but you might find that they’re not profitable for you. You might think that the daily charts are too slow and too boring for you, possibly, but you might think that “hey, when I analyse my results, they’re actually making me more money than anything.” So, whatever it is that suits you!

It’s Also about Setting Guidelines for Trading

Make a note of what times that you are not going to trade! Again, could be coming up towards weekends or public holidays or major news events – whatever it might be – have that written down. And so, the list goes on like this, in terms of what setups am I looking at taking. What are the criteria for a trade that I am looking? Does that change depending on the time frame of the chart that you’re trading? Or the pair even? What type of trade are you looking for? Are you looking for reversal patterns, continuations, breakouts, scalping, news trading, whatever it might be again – have that written down!

Look at having a set of rules defining your entry and exit targets and so what you’ll find this does is when you have it written down, it helps to eliminate a lot of the emotions in your trading, when you actually have live money on the table, right now, like in the market. Because you have your rules set down in… written down and you can refer to them and look at them every day before you trade, so you are sticking to your rules.

I’ve got information here on trade management. I’ve got information on your goals in terms of how many trades you are looking at taking per day or per week; your profit targets that you’re looking at; how much are you looking at making per week, in terms of the percentage or even pips if you really want to trade in pips. How are you reporting your trades? Where do you go to analyse the setups you’ve taken? And then your contingencies – if things go wrong in terms of, what happens if you need to contact your broker in an emergency, making sure you’ve got your login details for your trading platform. What happens to you if your computer breaks down? What happens if your Internet breaks down? Do you have a back-up server? Do you have a back-up laptop? Do you have a back-up Internet connection?

So all that type of information, I’ve got written down here and again, enter your details on the form below this video on this page and I’ll send you copy of that trading plan and trading goals for 2015. I think you’ll find it really beneficial!

As I mentioned, I had a live webinar – it was almost 2 ½ hours, in the end – for my clients, yesterday. Had some great trades! Some people were making trades at 4 to 1 return. I think there was a trade on there, somebody made a 6 to 1, so in other words – half percent (0.5%) risk, three percent (3%) gain! I had trades I took live on the hour charts, the 4-hour plus 12-hour and I had some over on the daily, weekly and monthly. I actually had a trade close on the monthly chart that made around a four and a half-to-one return. So, just great trades and some fantastic results that people are continually sending in!

A Christmas Offer Coming Your Way

Lastly, the Christmas offer – if you want to take advantage of this time of the year when things are potentially a little bit quieter in terms of work and things like that, to take some time to study, to educate yourself, to get yourself ready to be trading successfully in 2015, jump onto the signup page to register your interest in my Christmas special. You can see that behind me here. Right now there’s only a few days left to register your interest and then the offer will be going live on Monday, so probably about the time you’re viewing this video or listening to this podcast, the offer will be live for just one week only.

It’s a great offer; I’ve never done it before in over five years of coaching! If you’ve just wanted an opportunity and a reason to get some good coaching, this could be just what you are looking for and it will help you heading into next year.

So, that’s it for now! Once again, if you’d like to get a copy of that trading plan, enter your details on the form below this video and have a great weekend and I look forward to talking to you this time, next week. This is Andrew Mitchem from The Forex Trading Coach.

Bye for now!