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Currency Strength and Weakness for Tuesday 12th March 2013

Discussion in 'Andrew Mitchem- Daily Strengths and Weaknesses' started by Andrew Mitchem, Mar 11, 2013.

  1. Andrew Mitchem

    Andrew Mitchem Special Consultant to the FPA

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    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.


    Overall there is strength in the NZD, AUD and minor strength in the CHF.

    Overall there is weakness in the USD, GBP and JPY.


    Trading Directions I am favouring for the next 24 hours

    Buy Trades - AUD/USD, AUD/JPY, NZD/USD, NZD/JPY, CHF/JPY

    Sell Trades - GBP/AUD, GBP/NZD, GBP/CHF, USD/CHF, EUR/NZD


    Don't forget to download your FREE copy of my MT4 Lot Size Calculator Trading Script. It's an amazing tool which will help you keep your trade risk consistent regardless of the pair, time frame chart and stop loss your take. Click on my signature below to access your own copy.


    Happy Trading,
    Andrew


    - Andrew Mitchem
    The Forex Trading Coach
    Professional Forex Trader and Educator

    Try my Free Trading Calculator>>

     
  2. Joh

    Joh Sergeant Major

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    Thank you Andrew for your Calculator - am still not 100% clear on how exactly to use it but will endeavour to work it out. My Q. is, you lose no more the 0.5 per trade per acc. but i wondered could i change it to less like 0.3 or 0.25 per trade-and- do i do that by altering the 0.5 to 0.3?
    Thank you in advance for yr reply. Really appreciate what you do for us.
     
  3. Andrew Mitchem

    Andrew Mitchem Special Consultant to the FPA

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    Hi Joh,

    I'm pleased you like the calculator. Yes you can edit the setting to display whatever risk percentage you want, so for example, changing the default 0.5 to 0.3 will mean the lot size displayed will allow you to trade at your current account balance (and in the account denomination which the script also allows for), on the currency pair you choose and with the stop loss level you set - all with the safety of knowing that you are risking just 0.3% of your account on that trade should you get stopped out.

    There is massive value in having this figure calculated for you instantly and accurately.

    Regards
    Andrew


    - Andrew Mitchem
    The Forex Trading Coach
    Professional Forex Trader and Educator

    Try my Free Trading Calculator>>

     
  4. khanderao

    khanderao Private

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    Appreciate it John on your Car finance calculator -- was however definitely not 100% distinct on how accurately make use of the item although will probably endeavor to figure the item available. The Q. is usually, people eliminate get rid of this 0. 5 each deal each acc. although when i considered could possibly when i change it to help fewer including 0. 3 or maybe 0. 20 each trade-and- do you achieve that by means of shifting this 0. 5 to help 0. 3?
    Appreciate it upfront intended for season solution. Definitely get pleasure from whatever you complete for people like us.
     

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