Forex News Trading and Currency Training Analysis Video
I recorded this video on Friday demonstrating the power of my Market Cycle method. Honestly I had no plans to trade during this session since we’ve already made good pips off on the earlier Canadian Employment Change release, but for those students who come in late or were unable to attend the actual news trade, I decided to make several recommendations based on the Market Cycle principle.
I get asked a lot about how to trade the news, how to profit from news releases in the Foreign Exchange market, and at the same time, I get lots of challenges from pure technical analysis traders who just dismiss everything about news as if it is almost like a blasphemy against the technical analysis’ religion to even to consider something outside of charts and candlesticks… I can’t really say for anyone else, but this exact type of thinking is what got me into trouble in the first place when I was starting out my trading career. I had to re-learn things the hard way, but I often wondered, if I were to start over, it would be no doubt in my mind that I would be studying BOTH technical AND fundamental analysis, instead of avoiding it (fundamental analysis, news releases, etc…) like a plague.
Just uploaded a video from the last Friday’s live trading session (3/26/10)
with my Mastermind Mentoring class. In this particular session I shared some of
the most important principles of my trading system, including the importance of
fundamental news, market perception, support/resistance levels, market timing,
market cycle, and much much more.
This is an example of what I do almost everyday, and I think in this particular
session I was able to pack tons of information in just about 18 minutes. If you
like this video, please write your comments below. I’d love to hear from you.
ADP or Automatic Data Processing (NASDAQ:ADP) is releasing it’s own estimate for the private sectors of NFP (Nonfarm Payroll). This is high impact release and it's followed by currency traders as … [Read More...]
8:30am (NY Time) CA GDP m/m Forecast 0.1% Previous 0.0% ACTION: USD/CAD SELL 0.4% BUY -0.2% We’ll be focusing on the Canadian GDP month on month release, … [Read More...]
[flv:http://www.newsprofiteer.com/070209-nfp-marketcycle/070209-nfp-marketcycle.mp4 480 360] … [Read More...]
Core CPI m/m Forecast 0.0% Previous 0.3% Action: BUY USD/CAD (-0.3%) SELL USD/CAD (+0.3%) CPI, Consumer Price Index, is a statistical estimate of the movement of the prices … [Read More...]
4:30am (NY Time) UK CPI y/y Forecast 1.5% Previous 1.8% ACTION: GBP/USD BUY 1.7% SELL 1.3% CPI, Consumer Price Index, is a statistical estimate of the movement of the prices … [Read More...]
We'll be getting both GDP release from Canada and U.S. I would be more interested in the U.S. release as it is the Adv. GDP quarterly release and it has more potential of moving the market than the Canada … [Read More...]
7:45am (NY Time) EU ECB Rate Decision Forecast 1.00% Previous 1.00% ACTION: EUR/USD N/A ECB (European Central Bank) is once again to leave rates at an unchanged level of 1.00%. It … [Read More...]
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