Currency Strength and Weakness for Monday 11th May 2020

Andrew Mitchem

Special Consultant to the FPA
Messages
2,255
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.

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 NZD, with minor strength in the AUD and GBP

Overall there is weakness in the JPY, with minor weakness in the EUR and USD



Trading Directions I am favouring for the next 24 hours

IMPORTANT: Just to let you know that Monday's trade analysis, when the market opens at the beginning of the new week (Sunday if you are in the US/Europe) are usually the hardest to pick and if you wanted a day off trading, that would generally be the day to choose. The reason being; I am looking at the previous week's prices and the new open prices for the week when making my analysis on a Monday and of course many things can happen between the close of the market one week and the opening of the market the next week and the market sentiment can often change. Just bear this in mind each Monday (Sunday US time)

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

Sell Trades – EUR/NZD

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.

WEEKLY FOREX TRADING VIDEO and iTUNES PODCAST:

In this week's video I talk about:

"#365: How a Client Now Owns His Own Fund Management Company"


Find out more by clicking by signature below.
Have a great week ahead.
Andrew Mitchem


- Andrew Mitchem
The Forex Trading Coach
My Daily Currency Movement and Trading Videos>>

 

Andrew Mitchem

Special Consultant to the FPA
Messages
2,255
Really. If you want to abuse someone, go elsewhere and find someone else. Don't abuse the person who gives up their time and 16 years of trading knowledge to help out here for free. If you don't it, disappear elsewhere.
 

AsstModerator

FPA Forums and Reviews Admin
Messages
5,591
Alzahif,

Open a new demo account and trade all of Andrew's calls for a month and share your results. Be sure to do this is a simple, easily repeated fashion. Something like open at market within 1 hour of Andrew posting, 100 pip TP/SL, close 24 hours or 1 trading day later would seem reasonable. If you want some other rules, you can discuss terms with Andrew in a polite and civilized manner via PM.

If the results are terrible, you may have some grounds for complaint. if the results aren't bad, then you owe Andrew a big pubic apology in every thread where you've attacked him.
 
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Andrew Mitchem

Special Consultant to the FPA
Messages
2,255
More importantly, trade the system as it's meant to be traded.
I'm not sure how much clearer I could be than posting the same extra info every single day - these are NOT specific trades.
They are likely directions for trading your own strategy in the same direction. If a pair moves in the opposite direction, I really don't care as the likelihood of finding trades for that pair that day in that direction are virtually zero.
I've been doing this for 16 years full time and it gets very annoying when people start abusing you for trying to help them and at the very least, they could actually read the post correctly rather than moaning about it! I'm far too busy to worry about justifying myself against these types of people.
 
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