Let’s take a look at what took place during the Asian and European trading sessions as we get ready to start our trading session before NY Equity Market opens.
We’ll focus on relevant news, public comments, and any high impact releases that are shaping the overall market today, or in other words, considering the context of the market. Then we will look at the official trade recommendations issued yesterday and calculate profit/loss results. Then we’ll move forward with today’s analysis for all 7 major pairs plus any other pairs that are worth mentioning, and we will end the daily analysis with trade recommendations.
Market Analysis
Let’s take a look at what took place during the Asian and European trading sessions as we get ready to start our trading session before NY Equity Market opens.
We’ll focus on relevant news, public comments, and any high impact releases that are shaping the overall market today, or in other words, considering the context of the market. Then we will look at the official trade recommendations issued yesterday and calculate profit/loss results. Then we’ll move forward with today’s analysis for all 7 major pairs plus any other pairs that are worth mentioning, and we will end the daily analysis with trade recommendations.
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.
