Andrew Mitchem
Special Consultant to the FPA
- Messages
- 3,142
Hi Traders,
** There will be no post here on Tuesday as I will be at the Taj Mahal for sunrise **
I will be on holiday in Singapore and India between 11th – 31st May. In that time I will be posting my daily trade suggestions here as often as possible. Apart from times when I will be flying, I expect to be able to post here almost every day while away. In Singapore that will be 5am local time and in India I will be posting at 2:30am local time.
My suggestions are posted by 6pm EST each day.
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.
Today we see many large weekend gaps in the market.
Overall there is strength in the EUR and USD.
Overall there is weakness in the NZD, CHF, AUD and JPY.
Trading Directions I am favouring for the next 24 hours
VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given below. 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
Buy Trades – EUR/JPY, EUR/AUD, EUR/NZD, EUR/CHF, USD/JPY
Sell Trades – GBP/USD, AUD/USD, NZD/USD
There is a public holiday today in parts of Europe and also in Canada.
To a Profitable Trading Week for You.
Andrew
- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?
Learn how I do it>>
** There will be no post here on Tuesday as I will be at the Taj Mahal for sunrise **
I will be on holiday in Singapore and India between 11th – 31st May. In that time I will be posting my daily trade suggestions here as often as possible. Apart from times when I will be flying, I expect to be able to post here almost every day while away. In Singapore that will be 5am local time and in India I will be posting at 2:30am local time.
My suggestions are posted by 6pm EST each day.
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.
Today we see many large weekend gaps in the market.
Overall there is strength in the EUR and USD.
Overall there is weakness in the NZD, CHF, AUD and JPY.
Trading Directions I am favouring for the next 24 hours
VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given below. 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
Buy Trades – EUR/JPY, EUR/AUD, EUR/NZD, EUR/CHF, USD/JPY
Sell Trades – GBP/USD, AUD/USD, NZD/USD
There is a public holiday today in parts of Europe and also in Canada.
To a Profitable Trading Week for You.
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:
