Hi, this is a recording from this weeks live training session.<\/p>\n
I showed potential trade setups on all 3 of our strategies.<\/p>\n
As ever I use a “top-down” approach (whats is happening on the longer timeframes\/news) even when trading on 30-minute charts.<\/p>\n
At the start of the session I also answered questions submitted by members who were struggling with the following:<\/p>\n
Fibs and where to place them<\/p>\n
Scaling into trades and what to do about the stops, same place or different?<\/p>\n
B grade trades- when to enter. This is particularly relevant this week with Fed news Wednesday evening Uk time, then Nzd a few hours later, then Aud a couple of hours more- see the video on how to play it.<\/p>\n
If you have a topic you would like me to cover in next weeks session, please submit a ticket via the help-desk,<\/p>\n
M3 Shorter timeframes<\/strong><\/p>\n See the\u00a0new course\u00a0& recent blog posts as to how I do this: I do my analysis on daily and weekly charts first and make a note of the MAJOR areas of support and resistance. Then copy them on to Pierre\u2019s Earth and sky template. Then I make a note of the weekly & monthly pivots points and add them to the charts. You will see lots of opportunities line up during the week. The important thing then is to select a bias for the next few days and do NOT take trades if the price is too near a trend line or pivot. Ideally, you want to buy when the price is near a major support and or pivot point line and has the potential to make at least 40 pips. Vice versa for a short.<\/p>\n 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.<\/p>\n We are NOT a \u201ctipping service\u201d our aim is to teach you how to trade for yourself.<\/p>\n For more up to the minute, updates do not forget to drop by the forum.<\/p>\n Watch the video for more detailed explanations of this week\u2019s detailed analysis and trade plan.<\/p>\n regards<\/p>\n Marc<\/p>\n <\/p>\n