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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

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!

 

USD Strength and EUR Weakness – Currency Strength and Weakness for Friday 12th December 2014

USD Strength and EUR Weakness – Currency Strength and Weakness for Friday 12th 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.

 

Overall there is strength in the GBP, NZD and USD.

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



Trading Directions I am favouring for the next 24 hours

Buy Trades – GBP/JPY, GBP/AUD, GBP/CAD, CHF/JPY, NZD/JPY, USD/JPY, USD/CAD

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




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.





Have a fantastic weekend.

Andrew


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

Free Forex Trading Information from a Trading Giant

Podcast:
Play

Free Forex Trading Information from a Trading Giant

In This Video:
01:21 Where I post my free Forex trading information
02:34 Couple of emails from Paul in the UK
04:41 Tremendous Christmas offer

I am going to share with you a way that you can get daily, free Forex information to help you make money in the Forex market. Let’s get into that right now!

Hi Forex Traders, it’s Andrew Mitchem here. I’m the owner of The Forex Trading Coach and today, it’s Friday, the 5th of December and in today’s video and podcast, I’m going to share with you one of several ways in which you can get access to free, high quality, Forex information on a day-by-day basis, and information that’s posted in advance of the market moving that can help you make a huge amount of money out of the Forex market for free!

So let me share with you some various ways in which you can do that.

Daily Free Forex Trading Information

And so, each day, I post free, on various websites, market information. I do this in advance of the market moving. It’s not hindsight information; it’s not telling you what happened yesterday or last week; it’s not saying “the market might go up to this level” and “it might go down to this level”. I’m not saying any of that! I’m giving information about the likely directions for different currency pairs, and the strength in different currencies and weakness of other currencies, on a day-by-day basis – all for free, for you to be able to use.

Now, different places that I post that!

  1. I post that on my website, first of all, so you can go to the “News” tab on my website and look for latest daily directions. All the information’s there! So, just log into theforextradingcoach.com and go to that News tab.

  2. The second place that I post at, where you can find that information is on Facebook! Now, if you go and search for, all one word, “andrewmitchemtheforextradingcoach”, you’ll find my Facebook page. Be sure to “Like” it. If you like it, that will just, really, be great for me and it’ll be great for you because you can get the information. So, go to Facebook on a day-by-day basis.

  3. The other place I post it is on Forex Peace Army where I’ve been posting for almost two-years now on a daily basis. I was asked by the owners of Forex Peace Army. I am one of only three trading giants on that entire community website who post daily trading information.

  4. And the last place is on eToro. Now, eToro as you may know is a very large social trading website and it just so happens that I’ve got an email here, or two emails from the same person, two different days in a row.

I’ll just read them out to you.

How Free Forex Trading Info can Affect your Trade Outcomes

The guy’s called Paul, from over in the UK and he says, “Hi Andrew, I’m new to this but I have to say that yours is the best advice on eToro and you prove it pretty consistently. I’ve started copying other people but I’m not getting huge returns so I now use your guidance and I’m averaging one hundred to one hundred and fifty US dollars a day with a three and a half thousand US dollar eToro account”.

So that was written to me on Thursday and then today, being Friday, I’ve had another email from Paul who said, “Fantastic so far. You’re advice has earned me a hundred and seventy five US dollars today. “Can’t wait for your next post!” And so, that’s just from one person, two days following. Just, free information that's out there; people making… you know, Paul’s just brand new to trading but people are making hundreds of dollars and some people are making thousands of dollars per day, just from that free information, so make sure you go there!

Like I said, if you do go to Facebook, please like my page. That’d be great.

It helps people!

You know, there’s information there that helps people, like I said, it’s there in advance of the market moving. It’s not hindsight information. So many people post, you know like “economists” post, hindsight information on what happened. It can’t help you really make money whereas my information can help you keep to the right side of the market.

I don’t post specific trades to the public. Of course I do to my clients and if you want to become a client then you can buy the membership on site, get specific daily trading information with trades that I’m taking, the currency pair, the direction, many reasons why I’m looking at taking the trade plus, of course, the exact entry and exits which over time, as a client, you’d learn to be able to spot those trades and take those trades at exactly the same entry and exit levels but it’s just there to help people to get the ball rolling, to understand what I’m looking at and to help train their eye to spot those same trades.

Now, lastly, if you would like to make 2015 the year that you really do succeed at Forex trading, I’ve got a tremendous Christmas offer that’s coming out between the 15th and 19th of December, so not long. It’s an offer like I’ve never ever done in over five-years as a Forex coach. You can either email me for information about that or if you look on the very top of my home page, you’ll find there’s a bar across the very top of the site that takes you through to the link, to be able to register your interest, so you get priority access to that offer when it becomes live because it will be limited numbers! So have a look on the very top of my website – theforextradingcoach.com. Look out for that link that takes you through to the sign-up page.

So that’s it for now, have a great week! We’re getting very close to Christmas so maybe only a couple of weeks of trading left in the year. This is Andrew Mitchem from The Forex Trading Coach, have a great week and I look forward to talking to you, this time, next week.

Bye for now!

Looking for more USD$ Strength – Currency Strength and Weakness for Wednesday 3rd December 2014

Looking for more USD$ Strength – Currency Strength and Weakness for Wednesday 3rd 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 USD.

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


Trading Directions I am favouring for the next 24 hours

Buy Trades – USD/CHF, USD/JPY

Sell Trades – EUR/USD, GBP/USD, NZD/USD, AUD/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 some suggestions






Regards
Andrew


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