Hi, this is the recording of Tuesday‘s live training session. Marc & Pierre showed what they are looking to trade and why from a technical perspective, for those following their systems. Marc also showed how to scale into trades and Judith explained what she is looking to trade from a fundamental perspective.
Marc starts today with trendlines. He illustrates how to ‘fit’ them.
Weekly chart: the triangle and this is where the action is…fake outs happen and that is trading!
Lot size is bigger because of the pip size. Scaled in. This is a short. It is a short stop because of the emas beneath and the risk/reward.
Multiple reasons for a short.
Watching this, it has a good stop area. It has a trend line
On a run, this has a higher area to short.
Difficult this one
Looking for the trendline bounce. GBPAUD/GBPCAD
Very similar. Too messy!
The main trend is short
Broke the triangle and it fell make in.
Looking for shorts at 8863
Main trend to look for shorts.
My focus is on the risk environment now, FTSE shorts, Gold longs and AUDJPY short are on the list if we see risk off condtions and I will wait for the dust to settle before I look for USDJPY and maybe GBPUSD.