Another excellent live webinar with my trading clients last night. The session lasted 2 hours and 20 minutes and live trades were taken on the 15min, H1 and H4 charts. One client showed examples of his first 7 trades that he has taken on the H1 charts since he started my course a couple of weeks ago. All 7 trades had hit profit for a +5.8% account gain by risking just 0.5% on each trade. It goes to show what can be achieved when you have a good strategy and stick to the rules with low risk trading.
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.
According to the latest news I have, the US Non-Farm Payroll announcement will not be held today but will instead be held next week.
Overall there is strength remains in the EUR, CHF and JPY.
Overall there is weakness in the GBP, NZD and USD.
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/USD, EUR/GBP, EUR/NZD
Sell Trades – GBP/USD, GBP/JPY, GBP/AUD, GBP/CAD, GBP/CHF, NZD/JPY, USD/CHF
VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given below. 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.
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Have a fantastic weekend.
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator