Currency Strength and Weakness for Wednesday 21st May 2014

Andrew Mitchem

Special Consultant to the FPA
Messages
2,086
Great call on the GBP/AUD pair. snagged over 80 pips buying this!
Hi Tim,

Thanks for letting me know, good trading.

Now consider using my calculator to get a high reward:risk from the trades. What was the stop loss on that trade you took and the R:R ratio?


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

Learn how I do it>>

 
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Andrew Mitchem

Special Consultant to the FPA
Messages
2,086
Hi Andrew...Thanks for the great insights...I always use your advice to guide me and so far mostly spot on...Can you please advise which trading session you use for this analysis and do you generally place long day trades...Or does this vary from time to time....Thanks Again.:confused:
Hi Di,

I don't specifically trade "sessions". I look at the H4 charts every time they close and occasionally the H1 charts when they close.
My analysis is valid for 24 hours through to the 5pm EST close of day.


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

Learn how I do it>>

 
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Andrew Mitchem

Special Consultant to the FPA
Messages
2,086
Hi Andrew,
Thank you for your trading recommendations. It is really helpful for me.
But i don't usually get in the direction you suggested on time as i usually wait for a retracement before following the trend you suggested but i noticed the direction would have gone and i will not be able to take the trade again. Please can you be a bit precise on the price range of any of the Currency pair where we can take either the BUY or SELL.

Thank you in anticipation of your helpful reply.

Debs
Hi Debs,

I trade my strategy setups in the daily directions if a suitable setup shows on a chart.

Here are some trades that closed yesterday - click here

The actual entry levels and exits would depend upon your strategy.


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

Learn how I do it>>

 
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