Andrew Mitchem
Special Consultant to the FPA
- Messages
- 3,144
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.
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.
VIDEO & iTUNES PODCAST: I have just uploaded a new trading commentary video to my website. In the video I discuss:
Meeting John Key, the New Zealand Prime Minister - who made his fortune as a Forex trader before entering the world of politics. I also discuss the importance of having a high Reward:Risk ratio in your trading.
Find out more by clicking on my signature at the bottom of this post.
Only 2 Days left on my birthday promotion - Find out more on my Home page.
There is a public holiday in Japan today, so be cautious if trading the JPY pairs today.
Overall there is strength in the JPY with some minor strength in the GBP and CAD.
Overall there is weakness in the USD, NZD and AUD.
Trading Directions I am favouring for the next 24 hours
Buy Trades – None
Sell Trades – EUR/JPY, CHF/JPY, AUD/JPY, AUD/CAD, NZD/JPY, USD/JPY
There is a public holiday in Japan today, so be cautious if trading the JPY pairs today.
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>>
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.
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.
VIDEO & iTUNES PODCAST: I have just uploaded a new trading commentary video to my website. In the video I discuss:
Meeting John Key, the New Zealand Prime Minister - who made his fortune as a Forex trader before entering the world of politics. I also discuss the importance of having a high Reward:Risk ratio in your trading.
Find out more by clicking on my signature at the bottom of this post.
Only 2 Days left on my birthday promotion - Find out more on my Home page.
There is a public holiday in Japan today, so be cautious if trading the JPY pairs today.
Overall there is strength in the JPY with some minor strength in the GBP and CAD.
Overall there is weakness in the USD, NZD and AUD.
Trading Directions I am favouring for the next 24 hours
Buy Trades – None
Sell Trades – EUR/JPY, CHF/JPY, AUD/JPY, AUD/CAD, NZD/JPY, USD/JPY
There is a public holiday in Japan today, so be cautious if trading the JPY pairs today.
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>>
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