Week 1 August 2017 Forex Wealth Made Easy
How Free News Associate Affluence Asset
Weekly Forex Overview
On Monday 31 week 1 August 2017 at 0700 AM hour GMT, which is 1200 AM hour EST, entries to be executed are as tabulated below. Note, we will continue adding to unfavourable positions every 300 points move against previous entry. Profit target for currency pair with more than one open position is calculated using the 50% retracement rule.
|Sell Pairs||Micro Lots||Primary Entry||Opposite Entry||Profit Target||Status|
|EUR/USD||1||11775||11850 buy||11475||Open or Pending|
|EUR/JPY||1||13075||13150 buy||12775||Open or Pending|
|EUR/GBP||1||8975||9050 buy||8675||Open or Pending|
|NZD/JPY||1||9375||9450 buy||9075||Open or Pending|
|NZD/USD||1||7575||7650 buy||7275||Open or Pending|
|NZD/CAD||1||9375||9450 buy||9075||Open or Pending|
|NZD/CHF||1||7275||7350 buy||69755||Open or Pending|
|AUD/USD||1||8075||8150 buy||7775||Open or Pending|
|CAD/JPY||1||8975||9050 buy||8675||Open or Pending|
|USD/JPY||1||11075||11150 buy||10775||Open or Pending|
|Buy Pairs||Micro Lots||Primary Entry||Opposite Entry||Profit Target||Status|
|GBP/AUD||1||16425||16350 sell||16725||Open or Pending|
|GBP/CHF||1||12725||12650 sell||13025||Open or Pending|
|GBP/CAD||1||16325||16250 sell||16625||Open or Pending|
|GBP/NZD||1||17425||17350 sell||17775||Open or Pending|
|GBP/USD||1||13125||13050 sell||13425||Open or Pending|
|GBP/JPY||1||14525||14450 sell||14825||Open or Pending|
|AUD/JPY||1||8825||8750 sell||9125||Open or Pending|
|USD/CAD||1||12525||12450 sell||12825||Open or Pending|
|USD/CHF||1||9625||9550 sell||9925||Open or Pending|
|CAD/CHF||1||7725||7650 sell||8025||Open or Pending|
Lot sizes for when the market move against your primary entry 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.
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
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