Forex News Trading and Currency Training Analysis Video
This is what I wrote in my Weekly Outlook this week…
I usually don’t post much from my Weekly Outlook to my blog, this is to protect my paying subscribers, but with the NFP on Friday and current market condition, I feel that everyone will benefit from a closer look… So here it is:
The headline is that NFP (nonfarm payroll) missed expectation and came out at:
Today has been a tough day as I was literally glued in front of my PC trading… we don’t get FIVE tradable news everyday.
Anyways, I hope you did well, I picked up couple hundred pips on JPY pairs, as a matter of fact, I timed the entry on GBP/JPY right around 130.80, and if you were watching the market, you’d know that right now GBP/JPY is around 135.00 level…
Last week was indeed a roller-coaster week as the week started with the aftermath of SEC vs. Goldman Sachs, then with President Obama announcement of the Financial Overhaul bill, the widened spread of Greece bond to record levels, and ended with week with Greece calling on the activation of the aid package.
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.
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.
Looking at the market on early open Sunday and browsing through the headlines over the EU Summit last week, I’ve got the distinct impression that risk aversion sentiment brought on by the Greece debt crisis prior to the Summit is now over. The perception of a possible “need” for an IMF bailout is at least, temporarily, out of mind and out of sight, and as currency trading is concerned, we have reasons now to expect a risk appetite driven market this week, as long as we don’t get any unscheduled negative news releases…
UPDATE: Mastermind Mentoring Program registration is over. I’d like to thank everyone for your support and patience during the past 2 weeks. Now I am going to go back and concentrate on trading exclusively. I with you all a great trading week.
Here is the first part of my weekly outlook which I think will help you in your trading decision this week, as the market may be in risk aversion mode….
8:30m (NY Time) US NFP Forecast 185K Previous -36K … [Read More...]
ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) and it is similar to the UK Manufacturing PMI as this release is targeting the Manufacturing sector. As a leading … [Read More...]
RBA (Reserve Bank of Australia) is expected to hold borrowing costs steady for the forth consecutive meeting in September, as all 25 analysts unanimously agree in a survey by Bloomberg… Here’s forecast: 12:30am … [Read More...]
2:15pm (NY Time) US FOMC Rate Decision Forecast 0.25% Previous 0.25% ACTION: USD/JPY BUY 0.50% SELL <0.25% FOMC is going to release its short-term interest rate decision … [Read More...]
7:30pm (NY Time) AU Employment Changes Forecast 5.3K Previous 24.5K ACTION: AUD/USD BUY +40K SELL -25K Our focus will be on the Australian Employment Changes release today as this news … [Read More...]
4:30am NY Time UK MPC Meeting Minutes Forecast 0-0-9 Previous 0-0-9 ACTION: GBP/USD N/A MPC, Monetary Policy Committee, from Bank of England (BOE) will … [Read More...]
ISM Manufacturing PMI is a leading indicator and it is usually released at the beginning of the month; traders monitor this release as it may indicate an early change of sentiment of the economy. Here's … [Read More...]
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