Currency Strength and Weakness for Friday 22nd March 2013

Andrew Mitchem

Special Consultant to the FPA
Messages
2,281
Hi Traders,

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 NZD and AUD with some minor strength in the GBP and JPY.

Overall there is weakness in the EUR, CHF, USD and CAD.


Trading Directions I am favouring for the next 24 hours

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

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


To Your Trading Success and have a fantastic weekend.
Andrew


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

Learn how I do it>>

 
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nepal

Private, 1st Class
Messages
48
Excuse me Andrew, but I don't understand how to trade with your signal.
I enter at the begin of the day, but very often positions went in great minus. As I see situation during the 2 last days go against your signals (I mean GBPCHF, AUDCHF, EURJPY, USDJPY, EURGBP - with others pairs I didn't trade)
Can you please tell us some details when it's better to open position or something that will be useful for us (may be indicators signals or something else).

Thank you.
 

Andrew Mitchem

Special Consultant to the FPA
Messages
2,281
Excuse me Andrew, but I don't understand how to trade with your signal.
I enter at the begin of the day, but very often positions went in great minus. As I see situation during the 2 last days go against your signals (I mean GBPCHF, AUDCHF, EURJPY, USDJPY, EURGBP - with others pairs I didn't trade)
Can you please tell us some details when it's better to open position or something that will be useful for us (may be indicators signals or something else).

Thank you.

Hi napal,
Thanks for your question. Please do NOT simply enter a trade at the beginning of the day in the directions I suggest. These are NOT Buy/Sell trading signals. You need to use your own trading strategy (or look at mine on my website) as what I am suggesting here are likely directions for the day. If you see a good trade using your trading strategy that is in the same direction, then this adds to the probability you are taking that trade in the "likely" direction for the pair for that day - which of course adds to the likelihood of the trade being profitable for you.

I hope that explains the posts for you.

Regards
Andrew


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

Learn how I do it>>

 
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