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Currency Strength and Weakness for Wednesday 27th February 2013

Discussion in 'Andrew Mitchem- Daily Strengths and Weaknesses' started by Andrew Mitchem, Feb 26, 2013.

  1. PetDane

    PetDane Private, 1st Class

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    Difficult market, I made some moment then got stuck with some losing trades. I was down quite a bit for a while, but got steadied and should be alright if I patient. Today I will try AUS/USD short

    Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission Taxes Swap Profit
    1988749 2013.02.26 06:48 sell 0.01 eurjpy 119.881 0.000 119.478 2013.02.26 09:08 119.478 0.00 0.00 0.00 4.40
    1988801 2013.02.26 07:24 sell 0.01 cadchf 0.90651 0.00000 0.90880 2013.02.26 10:01 0.90880 0.00 0.00 0.00 -2.46
    1988969 2013.02.26 09:04 sell 0.01 cadjpy 89.418 0.000 89.029 2013.02.26 18:00 89.029 0.00 0.00 0.00 4.24
    1988974 2013.02.26 09:06 sell 0.01 audjpy 94.069 0.000 93.603 2013.02.26 09:34 93.727 0.00 0.00 0.00 3.74
    1988981 2013.02.26 09:08 sell 0.01 nzdjpy 76.243 0.000 75.977 2013.02.26 15:22 76.081 0.00 0.00 0.00 1.76
    1988995 2013.02.26 09:12 sell 0.01 eurjpy 119.500 0.000 119.092 2013.02.26 09:28 119.092 0.00 0.00 0.00 4.46
    1989320 2013.02.26 10:29 sell 0.01 gbpcad 1.55377 0.00000 1.55279 2013.02.26 13:50 1.55279 0.00 0.00 0.00 0.96
    1989344 2013.02.26 10:31 sell 0.01 gbpchf 1.41021 0.00000 0.00000 2013.02.26 10:33 1.40921 0.00 0.00 0.00 1.08
    1989347 2013.02.26 10:31 sell 0.01 gbpusd 1.51458 0.00000 1.51071 2013.02.27 01:11 1.51303 0.00 0.00 -0.03 1.55
    0.00 0.00 -0.03 19.73
    Closed P/L: 19.70
    Open Trades:
    Ticket Open Time Type Size Item Price S / L T / P Price Commission Taxes Swap Profit
    1988745 2013.02.26 06:46 sell 0.01 eurchf 1.21305 0.00000 1.21077 1.21859 0.00 0.00 -0.03 -5.94
    1988736 2013.02.26 06:44 sell 0.01 eurusd 1.30375 0.00000 1.30121 1.30647 0.00 0.00 -0.03 -2.72
    1989353 2013.02.26 10:32 sell 0.01 gbpaud 1.47499 0.00000 1.47257 1.47862 0.00 0.00 0.05 -3.71
    1989374 2013.02.26 10:37 sell 0.01 gbpchf 1.40852 0.00000 1.40521 1.40972 0.00 0.00 -0.05 -1.29
    1989351 2013.02.26 10:32 sell 0.01 gbpnzd 1.81866 0.00000 1.81448 1.83282 0.00 0.00 0.04 -11.68
    1991905 2013.02.27 06:06 sell 0.01 audusd 1.02217 0.00000 1.01955 1.02235 0.00 0.00 0.00 -0.18
    0.00 0.00 -0.02 -25.52
    Floating P/L: -25.54
     
  2. lovefox

    lovefox Recruit

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    Very thanks

    Andrew
     
  3. fmlbfx2010

    fmlbfx2010 Private

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    Hi
    At what time this will be posted in gmt time?
     
  4. George Mcall

    George Mcall Corporal

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    Again thank you for some great ideas. I agree that it is likely we will continue to see Kiwi weakness. It was just a few days back when the Kiwi was the strongest with people not being able to get enough - how the mighty fall. The Euro is in an interesting dilemma. While the comedians in Italy are unable to form any government, I think the appetite for the Euro is limited. However that may change at a moment. Certainly it has great potential to go long. With the Dollar, the good Dr Bernanke is always the wildcard. He has shown himself to be just a bit hawkish of late though nothing that lasts. There is no doubt that USD has found strength and will in all likelihood retain that strength and thus buying it against the weakling makes sense.

    Again many thanks to you.
     
  5. Andrew Mitchem

    Andrew Mitchem Special Consultant to the FPA

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    Hi Manny,

    Excellent news, thanks for sharing.

    Now imagine if you could do this all the time and learn to select these same strengths and weaknesses for yourself? That's where my course could help you with your 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>>

     
  6. Andrew Mitchem

    Andrew Mitchem Special Consultant to the FPA

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    Hi John,

    Yesterday had few good setups at the time I was analysing the charts. The JPY and AUD were fairy neutral at the time.

    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>>

     
  7. Andrew Mitchem

    Andrew Mitchem Special Consultant to the FPA

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    Hi Deborah,

    Great news, well done. Pleased my suggestions are helping you.

    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>>

     
  8. Andrew Mitchem

    Andrew Mitchem Special Consultant to the FPA

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    Hi PetDane,

    Still no stop losses on your trades I see. Be careful with that.

    I promote very low risk trading to my clients. Personally I trade with a maximum of a 0.50% account risk per trade. Therefore it is the currency pair traded and the stop loss amount of the trade which determine the position size of the trade - but it always equals a pre-known account percentage risk should the trade get stopped out.

    Download the free Lot Size Calculator off my site if you want to see how powerful this is.

    Regards
    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>>

     
  9. Andrew Mitchem

    Andrew Mitchem Special Consultant to the FPA

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    Hi fmibfx2010,

    I suggest you use a site like this if you are going to trade timeanddate.com - so you can find out the time zone differences.

    6pm EST in New York Time is 11pm GMT, see here The World Clock Meeting Planner - Details


    - 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>>

     
  10. The_Snowman

    The_Snowman Banned for uncivilized racist postings

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    Thanks for the clarification on post screening, they are getting through now.

    To add to Andrew's suggestion, check out this website also in regards to figuring out the relationship between when the suggestions are posted, market open times, and your own local time.

    Forex Market Hours

    Constantly amazes me that people think that they can trade forex yet cannot calculate timezones, really, do a little research.

    Might be blunt but it is a serious business, we all need a bit of giddy up from time to time (pun intended)

    :D
     

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