Work The Trading Plan

“Successful traders plan the trades and trade the plan”

Last week, we had some disappointing results from an extremely volatile week that created erratic market behaviour, however we did have an awesome outcome with the GBPNZD signal that was issued on August 5 at 1.8280 and hit its Target 3 at 1.7750 on August 11 producing a huge 530 pips!

As traders, it’s important to accept that the market does not always do what you want however by maintaining a plan and by being consistent, good results are highly probable. Congratulations to members that copied this signal and held it right through to Target 3.

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This week, we could see a “relief rally” on the sterling currency, particularly on some crosses like the GBPAUD and GBPCAD. In fact, we’ve already published a BUY on the GBPCAD today as it broke above recent highs after hovering above the 1.6724 Macro Level for a sustained period with the level looking like being “the line in the sand” for this pair at the moment.

Some of this week’s market analysis highlights are as following;

marketanalysis-manback

* GOLD – Whipsaw and bullish if a new H4 trend forms above the $1345.39 Macro Level otherwise we could see a correction downward
* EURUSD – A big Price Flip on the H4 late last week sees this pair in transition and if we see a fall below 1.1098, further falls to retest lows are possible
* GBPUSD – Currently bearish but we could see bargain hunters push this pair up at around the 1.2800 level
* AUDUSD – Currently in correction but if the pair rises back over 0.7676, we could see a move upward toward 0.7849 otherwise next major support is possibly at the 0.7533 Macro Level
* USDCAD – Currently bearish with next possible major support at 1.2832
* USDJPY – Rangebound and under pressure of further falls to 99.00 however if we see a solid move above the 101.65 Macro Level, we could see a push upward to 105.41 or beyond

Remember, trading is speculative in nature and although huge returns are possible, they do not come without risk and there are times that traders need to accept losses. So far this year,
we’ve averaged over 1,000 pips per month all year long and this steady and consistent approach has seen us grow solidy over the last 4 years. We offer a 60 day money-back guarantee so join us today & put yourself in a position to start extracting pips from the market.

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