Forex Live Training Session, Scaling In, & Trading Ideas

by | Jun 13, 2018 | Forex Education

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.
USDCAD
Weekly chart: the triangle and this is where the action is…fake outs happen and that is trading!
Winning losing and success is the subject of Sunday’s blog.
Once you understand the process it really is rinse and repeat.
Preparation is more important. Pick major areas!
Marc explains ‘a’ grade trades and their use in limit orders.
EURGBP
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.
AUDJPY
Multiple reasons for a short.
AUDCAD
Watching this, it has a good stop area. It has a trend line
GBPNZD
On a run, this has a higher area to short.
USDJPY
Difficult this one
USDCHF
Looking for the trendline bounce. GBPAUD/GBPCAD
Very similar. Too messy!
…………………………………………………………….
 
Pierre:
Blog has the details and was published this morning.
EURX
The main trend is short
EURUSD
EURJPY: looking for shorts under the 200 ema.
EURGBP
Broke the triangle and it fell make in.
Looking for shorts at 8863
GBPUSD
Main trend to look for shorts.
GBPJPY: the bias to short.
AUDUSD
AUDJPY: sideways. Watch 200 ema
USDJPY: flat H4, daily long. Watch 110.72
EURAUD: plan A and B!. Higher is better for shorts.
…………………………………………………………….
Judith:
Today I went through the geopolitics: Trump and Kim and the aftermath of the G&
Now all focus is n the economics as we wait for the FOMC and the ECB. What happens here can set the tone for the rest of the year.
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.
My full analysis is in the Monday blog.
I will be updating the page with the FOMC information on Thursday morning.
Judith Waker

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