Currency Strength and Weakness for Tuesday 20th January 2015

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 minor strength in the CAD and EUR.

Overall there is minor weakness in the GBP, AUD and CHF.



Trading Directions I am favouring for the next 24 hours

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 here for help.



Buy Trades – EUR/GBP, EUR/AUD

Sell Trades – GBP/CAD, AUD/CAD





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View more details by clicking on my signature at the bottom of this post.



To Your Trading Success.
Andrew


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

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Last edited by a moderator:
Andrew missed that I and everyone in the wolrd bought GBP/CAD Today so it is good to have several indicators , and not just one .

Everyone in the world bought GBP/CAD? Except me. Wonderful. And who exactly did you buy it from? I don't provide enough liquidity to satisfy the market.
 
Everyone in the world bought GBP/CAD? Except me. Wonderful. And who exactly did you buy it from? I don't provide enough liquidity to satisfy the market.

Hi,

I didn't "miss this one"

It's just that I wrote my analysis here some 16 hours before you did - in which time the GBP/CAD had moved upwards.

I was looking for sell setups that day, I didn't see any.


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

Learn how I do it>>

 
Last edited by a moderator:
Everyone in the world bought GBP/CAD? Except me. Wonderful. And who exactly did you buy it from? I don't provide enough liquidity to satisfy the market.

ei it was just a joke forgot to put the quotes in "everyone in the world" I didnt want to offend anyone.
 
ei it was just a joke forgot to put the quotes in "everyone in the world" I didnt want to offend anyone.

No offense. It would be a shock to my system if anybody actually fessed up to a losing trade. I didn't really take a forex trade at all yesterday but in the face of a sell rec gone totally awry nobody shorted it? Because there was no sell signal. Really?
 
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