Hi folks,

Today’s video shows the scenarios that I’m anticipating for Mondays trading prior to the session.

Thinking about several scenario’s that could develop so that I’m prepared to take action. Updating those scenario’s Monday morning will aid me to see which of those scenarios is most likely to refine my days trading plan
 

• Buy the dips and breaks of resistance in an up trend
• Sell the rallies and breaks of support in a down trend

Have fun trading
Phil

Hi Folks,

The last webinar that was recorded is now online to view.

http://transcripts.fxstreet.com/2009/05/trading-break-outs-and-other-market-views.html

Enjoy

Phil

Hi Folks,

May has been a beast of a month for National Holidays and today is a double whammy with both the UK and the US seeing National Holidays.

Usually when either the UK or the US is on Holiday it can be expected that there will be a poor days trading.

Just think about why this might be the case for the moment, The UK and the US sessions provide the largest trading volume in these periods and given that there has already been some reasonable movements during the Asian session the chances are really slim that we are going to see anything significant mainly due to the fact that there are no traders at the trading desks other than skeleton crews.

This doesn’t mean that there cant or wont be any big moves as it would not take a large amount of volume to move a pair today… but what are the chances? I’m not holding my breath and it is typical of National Holidays to see very little action… Also it looks like the Asian session has had all the fun so far today.

So, go and enjoy some family time or a beer with your friends and enjoy the local celebrations that have been laid no in your area.

For myself I will be going to a local military show and maybe a visit to the museum if there is time later.

Wednesdays session will be taking a slightly different spin on my usual topics and will be covering;

Trading Waves with Fibonacci - Currencies move in a series of waves and by identifying the wave structure, traders can get an adviance warning of an impending trend change.

I’ll look forward to seeing you all online

Until then, happy trading

Phil

Hi Folks,

Todays Forex Video showing the full range of cross rates that I look at again highlighting the direction bias and the conditions I’m looking for to enter into a position.

Happy Trading

Phil

Hi Folks,

Todays Forex Video showing the full range of cross rates that I look at again highlighting the direction bias and the conditions I’m looking for to enter into a position as well as a look at some of the current positions that I have open for the moment.  I also mentioned that Ive missed a few set ups as well which is fine… you cant get them all so don’t be annoyed if your not at the trade desk when something develops… another one will along soon

Some big news items out today and tomorrow so don’t be too eager to get a trade on in what could well be very choppy post news moves

Happy Trading

Phil

Trading Break Out’s And Other Market Views 
Learn how to identify and trade overnight trading ranges. A detailed description of what to do, when to do it and why you should do it. Master some simple rules and spot a regularly repeating pattern day after day.
5/6/2009 10:00:00 AM

See you all in session

Happy Trading

Phil

Hi Folks,

Todays Forex Video showing the direction bias’s and my trading plan for the coming day ahead highlighting what I’m looking for to develop and what I indend to do IF those plans develop.