Currency Strength and Weakness for Monday 25th May

Andrew Mitchem

Special Consultant to the FPA
Messages
3,130
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.


Overall there is strength in the USD and JPY.

Overall there is weakness in the GBP, EUR and AUD.




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 – USD/CAD

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



VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. 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 here for help.



WEEKLY FOREX TRADING VIDEO and iTUNES PODCAST:

In this week's video I talk about:

"Do You Need To Be Good At Maths To Be a Good Trader?"


Find out more by clicking by signature below.


Have a great week ahead.
Andrew Mitchem


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

Learn how I do it>>

 
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Thank You for excellent tips. Unfortunately the market is strongly manipulated by bank holdings,

Dear Andrew, thanks for Your excellent tips.Unforunately, as You know, often the market is strongly manipulated by big bank holdings, they move the pairs by 80 or more pis up and down, just for 1-2 minutes, to " burn" the stop losses. If we leave a low value ( 20-30 pips ) it's lost for the natural market oscillations. If the value is high, by bank manipulations. What could be a correct approach in fixing stop loss values? Maybe a very low ( 10-15 pips ) range?Thank You, all the best, Jolly 54
 
Dear Andrew, thanks for Your excellent tips.Unforunately, as You know, often the market is strongly manipulated by big bank holdings, they move the pairs by 80 or more pis up and down, just for 1-2 minutes, to " burn" the stop losses. If we leave a low value ( 20-30 pips ) it's lost for the natural market oscillations. If the value is high, by bank manipulations. What could be a correct approach in fixing stop loss values? Maybe a very low ( 10-15 pips ) range?Thank You, all the best, Jolly 54

Hi,

I always place a stop loss at the point where it needs to be placed to give the trade a high probability of being safe. I don't look at how many pips this might be as it's different for each trade - it could depend upon the pair, the time frame chart traded, the type of trade you are taking, previous price action .....
So I never stick with a fixed stop loss of 10-15 pips or 20-30 pips.



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

Learn how I do it>>

 
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