Currency Strength and Weakness for Thursday 11th September 2014

[Andrew Mitchem]

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 GBP and CAD.

Overall there is weakness in the NZD, JPY, AUD and CHF.


Trading Directions I am favouring for the next 24 hours


Buy Trades – GBP/USD, GBP/JPY, GBP/CHF, CAD/JPY, CAD/CHF, USD/JPY

Sell Trades – EUR/GBP, EUR/CAD, NZD/USD, NZD/CAD, USD/CAD


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.



AMAZING FREE TRADING TOOL: Download your own FREE copy of my MT4 trading tool which will help you trade with low risk per trade, remove much of the emotion involved with taking trades and take away the focus on making "Pips".

Download your FREE copy now by clicking on the link in my signature below.


Andrew

---

- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?
Learn how I do it>>

 

[dsncorp]

Hi Andrew thanks so much for posting, its helping me with my trading. Can i ask you if you to messure the weaknees or strength of a currency do you use the currency strenght meeter? or something like that? thanks in advance.-

 

[ahmer]

Hi Andrew thanks so much for posting, its helping me with my trading. Can i ask you if you to messure the weaknees or strength of a currency do you use the currency strenght meeter? or something like that? thanks in advance.-

He just follow charts.

 

[Andrew Mitchem]

Hi Andrew thanks so much for posting, its helping me with my trading. Can i ask you if you to messure the weaknees or strength of a currency do you use the currency strenght meeter? or something like that? thanks in advance.-

Hi dsncorp,

I read the price action. I find that indicators and strength meters tend to lag too badly - whereas the price tells you what is happening with the market sentiment right now.

I hope this helps.

---

- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?
Learn how I do it>>

 

[dsncorp]

Thanks Andrew for your answer. I suscribed to your webinar, but the webinars start here in argentina at 5:00 am. I will try to follow.. If you want to answer: how do you detect the strenght of the weakness in a currency? gaps, ranging, consolidation? Thanks again.

Hi dsncorp,

I read the price action. I find that indicators and strength meters tend to lag too badly - whereas the price tells you what is happening with the market sentiment right now.

I hope this helps.

---

- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?
Learn how I do it>>