Contrary to popular belief, my Mastermind Mentoring program is “not” only about news trading. I’ve put together a list of videos on the live trades taken in the traderoom to show that news trading is only about 20% of what we do, and the other 80% is on how to read the market and take advantage of news effects that goes beyond the immediate 2 hours after the schedule…
Henry Liu
Not often I’d admit publicly that I am wrong, but here’s what happened…
Bernanke and gang (FOMC) decided to leave the Federal Funds Rate decision unchanged once again during the Tuesday August 10 meeting, but the real surprise came with the bearish tone over US economy growth and the decision to reinvest principle payments on mortgage assets and maturing debts… This sent demand for U.S. Treasury soaring and helped the equity market recover immediately just as predicted in my analysis… I took a live trade in my Mastermind Mentoring Trade Room and made 63 pips in less than 30 minutes as you can see in the video below (recorded live).
One of the most asked questions that I get on news trading is how to determine your entry. Let’s face it, spike trading is pretty much dead, with brokers playing tricks on you, widening the spread, delay execution, nasty slippage, you name it… unless you still deal with a broker that is from the dark ages of online trading, chances are you won’t find one that let’s you trade the news profitably, at least not for spike news trading… And for those who are still exploiting such brokers, you might risk account closure, or your broker may just outright take your money away on the basis of exploiting the market.
NFP (Nonfarm Payroll) Employment Change on March 5, 2010 – Live Video
This NFP release surprised the market as usual and this time because of the better than expected figure, considering the weather / seasonal factors, it was a sign of strong recovery and stabilization of the U.S. economy… Needless to say, every high yield currency rallied at the end of the day, leaving JPY as the biggest loser of the week. This is obvious for my Mastermind Mentoring graduates as I’ve explained over and over that JPY is both carry currency and safe haven currency… any positive news that supports global economic recovery will have JPY pinned down… and if you were in my trade room, you’ll be trading none other than the GBP/JPY pair…
I get asked a lot about my Currency Strength Meter and some of the best ways to use it. I made a short video (26 minutes) covering the 7 ways that I use my meter and I hope it will spark a new idea in your trading or point you to a new direction as you use my Strength Meter later on tonight.
http://www.newsprofiteer.com/currency-strength-meter-best-usage.html
I’d like to encourage you to leave a comment on my blog and share some other ways that you are currently using my meter, I’ll review your comments and incorporate them in my next Strength Meter usage video.
If you’ve got a few minutes, I’ve recorded a new video on “My
Blueprint to Forex Success” just for you…
But I must warn you, it’s not about how to pick winning trades or
any of that exciting stuff…
…and as a matter of fact, this video could be considered a little
boring by some… But it deals with the cold hard logic of a
successful Forex career, and it’s something that you can’t do
without if you EVER want to be successful in this business…
