Currency Strength and Weakness for Friday 11th August 2017

[Andrew Mitchem]

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.



For The Forex Trading Coach clients, login here https://theforextradingcoachcourse.com/ to get your exact entry and exit points for today’s recommended pairs.



Overall there is strength in the JPY, EUR, CHF


Overall there is weakness in the NZD, CAD, with minor weakness in GBP, 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/AUD, EUR/GBP, EUR/CAD, EUR/NZD


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



MY #1 FOREX TRADING STRATEGY:


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To Your Trading Success.

Andrew

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- Andrew Mitchem
The Forex Trading Coach
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[ZorroBloke]

· bought in EUR/USD at a short, looked like it was going to drop. Ended up having a decent win off. What ratio should I be running for pips? I've got it set at 50:1 atm.

 

[Andrew Mitchem]

· bought in EUR/USD at a short, looked like it was going to drop. Ended up having a decent win off. What ratio should I be running for pips? I've got it set at 50:1 atm.

Sorry what do you mean by what ratio should I be running for for pips?

 

[ZorroBloke]

Sorry I got this reply from a friend:
I do Aussie and every $100 works out to be around 1.4 cents per pip at the moment. If you are trading traditionally and if you are running $200 and you have a 2% risk then you want to stop at a loss of $4.
If your stop is say 25pips that works out to be a position of $1140.