Hi Guys, here is a recording of this weeks live forex training session.
Pierre & I host this every week for members of Forex Mentor Pro.
We show in advance what we are looking to trade and why.
Members are encouraged to take part & ask questions and look at any forex trade set ups that they want us to analyse
Live Forex Training Session
Pierre showed what he is looking to trade for those using his Earth & Sky system.
I showed my “big picture” trades, including the Aud/Nzd which worked perfectly as per Sunday’s analysis, though I didn’t take it as it was in the middle of the night for me 🙁
I also showed setups on lots of Yen pairs and some other potential big moves including potential breakouts which we haven’t seen many of since Christmas!
I explained my view on Brexit (it hasn’t changed)
I am sure that there will be an eleventh-hour compromise and I then expect the Gbp to shoot up BUTTTTT –
you knew there would be a big one!
There is the danger of a big drop first.
I am going to try to get into a few small Gbp trades from bigger areas on pullbacks with a view to getting my stop to entry and letting them run.
This is of course very risky so I am going to only risk 10% of my usual stake but try to accumulate a few of them- not for rookies for sure!
I also explained in the session how the Brexit debacle is affecting a lot of other European countries, especially Germany.
Below are links to a few of the articles I showed.
The first is in German with English subtitles. Alice Weidel is the leader of a far-right, anti-immigration party, but she is also an economist and she explains how the British leaving will have a dramatic effect on the German economy.
Whilst you may not agree with her politics she talks a lot of sense and the mainstream UK press has tended to avoid printing this side of the story and the BBC have often completely ignored it.
Not only does she speak about how the UK leaving and the EU’s abusive strategy, she also talks about how the French are pushing for more Euro regulation whilst many member states want less.
President Macron of France is one of the least popular French leaders in recent decades at home and yet is trying very hard to prove himself (alongside Angela Merkel) that he is a European statesman. His disdain for the British is quite apparent and he has also managed to fall out with his near neighbours, the Italians.
Here are a few articles for those who want to know more:
New members, please note: If I am looking to take a trade long, for example, 1.5000, I place my order 10 pips above & 10 pips below for a short. This is because price often does not quite reach a major line and you need to allow for spreads. We are NOT a “tipping service” our aim is to teach you how to trade for yourself.
For more up to the minute, updates do not forget to drop by the forum in Pierre’s corner.
Watch the video for more detailed explanations of this week’s detailed analysis and trade plan.
Click on the square button bottom right to watch in full-screen mode
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