Currency Strength and Weakness for Thursday 1st March 2018 – Selling the GBP pairs today

[Andrew Mitchem]

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.


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


Overall there is weakness in the GBP, CHF and CAD



Trading Directions I am favouring for the next 24 hours


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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, USD/CHF, USD/CAD


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




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To Your Trading Success.

Andrew

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- Andrew Mitchem
The Forex Trading Coach
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[michaelpoh]

Hi Andrew,
Thank you for the Calculator. Please enlighten about the calculator.
Account balance: $2750
dRiskPercent: 0.5
iStopLoss=50
Lot size= 0.02 (Spread=1.1pip, EURUSD)
Question;
If I trade EURUSD and GBPUSD concurrently and will like to keep the dRickPercent=0.5, shall I trade 0.01 in each pair ?
Regards
Michael Poh

 

[Andrew Mitchem]

Hi Andrew,
Thank you for the Calculator. Please enlighten about the calculator.
Account balance: $2750
dRiskPercent: 0.5
iStopLoss=50
Lot size= 0.02 (Spread=1.1pip, EURUSD)
Question;
If I trade EURUSD and GBPUSD concurrently and will like to keep the dRickPercent=0.5, shall I trade 0.01 in each pair ?
Regards
Michael Poh

Hi Michael,
It depends if you wish to trade each trade at 0.5% risk or if yu want to risk 0.5% over the 2 individual trades.
I'd look at trading them seperately as it's unlikely you are going to be placing the exact same stop loss on both of those 2 trades.