Hi, Pierre has posted an update in the forum.

I made a short video to review this week’s events. As expected we are not seeing a great deal of movement on longer timeframes.

M3 continues to give more opportunities for those trading shorter timeframes.

I was wary longing the Euro/Gbp in recent weeks as 0.9000 is huge. Finally, I took it and it lost. THe GBp news: printing and spending yet more money seemed to be the reason for a mini-surge in the Gbp.

The Euro/$ short from my Sunday trade plan has worked for 90 + pips so far.

The Chf bounced off the double bottom as discussed in Tuesdays live training session.

The Aud rejected at 0.7000 once more as expected & Aud/Yen bounced off its major resistance at 75.00.

Hopefully, my recommendation to NOT short the Cad at 1.350 kept you out of a loser and finally the Euro/Yen, my “A” grade trade of the week has not fired as yet, but Murphy’s law it probably will today, but I don’t trade Fridays.

The joys of being a forex trader 🙂

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.

Watch the video for more detailed explanations of this week’s detailed analysis and trade plan.

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