Week 4 July 2017 Forex Wealth Made Easy
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Week 4 July 2017 Forex Overview
At the end of Friday week 3 July 2017 trading session GBP/AUD daily candle stick was bearish; translating to sell on Monday 24th of July 2017. Sell order should be executed using a pull back on the one hour time frame any time throughout the day. Preferably at 0700 hour (i.e. 1200 Am EST) GMT bar close.
Using the same end of day Friday week 3 July 2017 trading session, sell following currency pairs GBP/AUD, GBP/CHF, GBP/CAD, GBP/NZD, GBP/USD, GBP/JPY, CAD/JPY, AUD/JPY, USD/JPY, USD/CAD, USD/CHF, CAD/CHF and buy these currency pairs EUR/GBP, EUR/USD, EUR/JPY, NZD/JPY, NZD/USD, NZD/CAD, NZD/CHF,AUD/USD. The daily candle stick or bar chart is completed at 1700 hour EST.
In every trading day, there are pockets of specific hours in which major market movements are expected; this is not to say the market only make major moves within these pockets of specified hours. Major market movement observation is mostly profitable with GBP Currency Pairs. Lot sizes are 1, 3, 5, 10, 20, 30, 40, 50, 60, 70, 80, 90, 100, 110, 120, 130, 140, 150, 160, 170, 180,190, and 200. Lot sizes are applied every 300 points move against the previous entry.
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Forex Marker Commentary
The theory of buy low sell high and sell high buy low has been in existence since the beginning of time. Apply the simple tested philosophy of what happened in the market yesterday may happen today; that is if yesterday daily bar was bullish, buy today, and what happened today perhaps will happen tomorrow; that is if today daily bar is bearish, sell tomorrow to gain firsthand experience for yourself.
In order to eliminate false moves and most noises made in the financial market, add Heikin-Ashi indicator to a daily time frame candle stick or bar chart. If at the end of current day trading session a bearish candle stick is identified; sell on the opening price of the next day’s candle stick. If at the end of current day trading session a bullish candle stick is identified; buy on the opening price of the next day’s candle stick.
Target 300 pips profit, no stop losses; but execute an opposing trade at 75 pips. Repeat unfavourable entries every 300 pips with a 50% retracement profit target for all open positions in the same currency pair. One micro lot buy entry will activate one micro lot sell entry at primary buy entry minus 75 pips. One micro lot sell entry will activate one micro lot buy entry at primary sell entry plus 75 pips.
If the primary entry, plus or minus 75 pips is not activated, take profit at primary entry plus 300 pips if it is a buy. If it is a sell, take profit at primary entry minus 300 pips. Trade only two currency pairs with small accounts, and twenty pairs with large portfolio accounts. Lot size must be calculated based on portfolio capital face value; and you must only trade with a micro lot account.
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Written by Anthony Steven
Syndicated By EdwinBest
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