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Currency Strength and Weakness for Wednesday 20th February 2013

Discussion in 'Andrew Mitchem- Daily Strengths and Weaknesses' started by Andrew Mitchem, Feb 19, 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.

    I hope you made some good profit from yesterday's suggestions which all ended the day in the direction that was suggested. Therefore, when trading your own strategy in the likely direction, you are giving the trade an added probability of success.


    Overall there is strength in the AUD, EUR and JPY

    Overall there is weakness in the GBP, CAD and USD



    Today’s Trading Pairs - Likely Strengths and Weaknesses

    Buy Trades - EUR/USD, EUR/GBP, EUR/CAD, AUD/USD, AUD/CAD, AUD/CHF

    Sell Trades - GBP/JPY, GBP/AUD, CAD/JPY


    Happy Trading,
    Andrew


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

    Learn How To Be Profitable with Forex Trading in the next 90 Days - FREE Webinar>>

     
  2. manny

    manny Private

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    Hi Andrew, thanks for your accurate forecast yesterday. I manage to closed all my four positions with a profit!:cool:
     
  3. Andrew Mitchem

    Andrew Mitchem Special Consultant to the FPA

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    Hi manny,

    You are welcome. As a coach, it's great to hear when people use your ideas and succeed. I'm looking forward to providing many more profitable calls here.


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

    Learn How To Be Profitable with Forex Trading in the next 90 Days - FREE Webinar>>

     
  4. nepal

    nepal Private, 1st Class

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    Thank you very much.
     
  5. Deborah Moon

    Deborah Moon Private, 1st Class

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    Hi Andrew,

    this is such an awesome service !
    Can you share a few of your system tips for trading eg. what signals to watch for entry and exit and what time frame to trade ?;)
    Regards,
    Deborah
     
  6. 4xbones

    4xbones Recruit

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    Thanks for this service Andrew. Would it be possible to provide a little background to your analysis?

    Cheers, Nigel
     
  7. michiel

    michiel Recruit

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    Hi Andrew,

    Appreciate your posts here. Knowing strength and weakness in the Forex is key!

    Keep up the good work mate....

    Cheers
    Mike
     
  8. Benjamin Lam

    Benjamin Lam Recruit

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    Tks Andrew for this very great help frm yr experienced suggestions. H'ever hope u can advise if yr suggested directions can be applied for traders who only trade on D1 tf? Tks a Million.
     
  9. PIP2YOU

    PIP2YOU Recruit

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    Not really. got stopped out at 1.5505 on GBP/USD sale (well beyond a resistance). Got killed by the spread I think; market was a tick under; before it retraced or I would have made a killing
     
  10. tarunbhool

    tarunbhool Recruit

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    Hi, thanks for these inputs.

    I have a question,
    Could you please tell me what is the ideal profit/loss in pips, should I target for daily, hourly, 30 min, etc charts for each trade?
     

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