Currency Strength and Weakness for Friday 30th May 2014

Andrew Mitchem

Special Consultant to the FPA
Messages
3,130
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 book "From Dairy Farmer to Forex Trader" is now available on Amazon, as the physical book and also as a Kindle download.
Click here for details


My suggestions are posted by 6pm EST each day.


Overall there is strength in the AUD and CAD.

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


Trading Directions I am favouring for the next 24 hours


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

Sell Trades - EUR/AUD, EUR/CAD, GBP/AUD, GBP/CAD, NZD/CAD, USD/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 help.


Here's something to help you trade with low risk:
AMAZING FREE TRADING TOOL: Download your own FREE copy of my MT4 trading tool which will help you trade with low risk per trade, remove much of the emotion involved with taking trades and take away the focus on making "Pips".

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Have a fantastic weekend.

Andrew


- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?

Learn how I do it>>

 
Last edited by a moderator:
Unexpected spy on normal market, how to deal with?

Interesting, but I have a bit different problems and question to you, the problem I am facing explained bellow:

I think I have typical situation like many other regular traders, but I just want to ask if there are any control - management for unexpected spy, when you see no fundamental news in that trading period, I trade period from 9pm to 10pm my time GMT + 2. what a hell going sometimes in market and mostly in last 5 minutes when I do trade from 9pm to 9:30pm or from 9:30pm to 10pm, in last few minutes sometimes happens huge spy against my signals and I lose the money. For example I do call EUR/USD from 9:00 to 9:30 and from 9:26 minute market change a lot and everything starts going against my trade.

All 26 minutes was everything fine, just after 26th minute it goes against and I lose, it is so hilarious to watch sometimes No Fundamental events in that hour, market trending is good enough and easy for me to read and make profitable decision, bust just some mystical things happens in even last minute or in last 30 seconds.

How to predict it, how to control it and how to manage trade (double trade or not?)

Thanks For Answer
Tadas
 
Interesting, but I have a bit different problems and question to you, the problem I am facing explained bellow:

I think I have typical situation like many other regular traders, but I just want to ask if there are any control - management for unexpected spy, when you see no fundamental news in that trading period, I trade period from 9pm to 10pm my time GMT + 2. what a hell going sometimes in market and mostly in last 5 minutes when I do trade from 9pm to 9:30pm or from 9:30pm to 10pm, in last few minutes sometimes happens huge spy against my signals and I lose the money. For example I do call EUR/USD from 9:00 to 9:30 and from 9:26 minute market change a lot and everything starts going against my trade.

All 26 minutes was everything fine, just after 26th minute it goes against and I lose, it is so hilarious to watch sometimes No Fundamental events in that hour, market trending is good enough and easy for me to read and make profitable decision, bust just some mystical things happens in even last minute or in last 30 seconds.

How to predict it, how to control it and how to manage trade (double trade or not?)

Thanks For Answer
Tadas


Hi Tadas,

It's hard to give you an answer as I don;t really know what the problem is. If something suspicious is happening on your account then maybe it's time to change brokers!


- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?

Learn how I do it>>

 
Last edited by a moderator:
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