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Hello everyone:
Here is an email that I sent out yesteday on my pre-release DVD contest. However, I am extending the deadline to the 19th of August, 2009 so there is plenty of time for everyone to participate. Not only you will enter to win a copy of my upcoming DVD, but I will also send you to my special trading trick link, which is invaluable for people who don’t know it yet… and of course, you’d be helping me out tremendously. So please take a few minutes, you know I appreciate it:)
Every time before I get into a trade, I would analyze the market using my own mental checklist, and #1 item on that list is just a simple question:
REAL REASON FOR THIS TRADE?
Hello everyone, as promised, here is the video result for the live trading signal issued last Wednesday (7/15/09) during mid Asian Session on a general risk aversion sentiment, with the following trades:
SELL GBP/JPY (154.50)
SELL GBP/USD (1.6400)
SELL AUD/USD (0.8000)
SELL EUR/JPY (132.50)
If you remember it correctly, the numbers in parenthesis were my actual entries, and my original target was 50 pips per trade and then lock in the trade by moving my stop/loss at entry to prevent a winning trade turning into a losing one…
Here is a trade that I took earlier on today based on a few different reasons, but primarily on Market Cycle. Judging from the levels of GBP/JPY at the time of entry and combining with my overall long-term outlook for this pair, and just the general fundamental outlook for the Sterling (GBP) this week, I felt very confident in taking this trade and seeing it to profit in less than 2 hours.
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