Hi, in Wednesdays blog post and Trade Plan video in the members area I explained why I was looking to long the Euro/Yen & the Cad from my analysis. As ever I used a top down approach. Checking the weekly & daily charts before entering trades using the FMP Fotis 1 hour trigger system.
Net results of these two, pre-planned trades? 150 pips! Job done for the week
Watch the very short video to show you the thought process, why I waited for London to open 20 minutes later before taking the trades and how I decided on profit take areas.
Free Psychology Training course including live group sessions with Rich Friesen, STARTS NEXT WEEK, LIMITED PLACES check out Rich’s Blog post for all the details and how to register: Free Traders Psychology Training Course
New members please note: If I am looking to take a trade long, at 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.
If you would like to learn how to trade like a professional AND receive detailed daily analysis BEFORE the event then check out our 5* rated forex mentor program, RISK FREE; by clicking on the “Get Started Today” Button below