Some caution ahead of this week’s NFP!

Hi everyone,

First of all, this is a reminder for you to book your coaching in with me as soon as possible, especially before your coaching session expire!

If you need assistance, please do not hesitate to contact Katie.lewis@learntotrade.co.uk to help you book yourself in.

I recommend you book in for coaching this week, or next.

As for general trading conditions, please note that this week Friday is Non-Farm Payroll day, and the market is very likely to swing about wildly between Thursday and Friday. In order to keep yourself safe, I recommend you do not trade on either Thursday or Friday this week.

I will go over this in greater detail in this week’s Midweek Market Focus!

Also, if this week becomes very sluggish, and hardly moves between today and Wednesday, it’s likely due to the market deciding to wait until then, and being undecided, or pausing. This is in itself a indication to wait and not trade.

From a technical analysis point of view, please note the following can contribute to extreme changes in daily trends:

All the charts below (weekly/daily/monthly) show the majors at or very near key horizontal levels, starting with the USD Index- this indicates that a reversal could well happen this week- this is often the case when the market hits key levels at the same time- then, it’s the US Dollar that will probably tip the game. Please be aware of this!

NFP_CHF NFP_DX NFP_EUR NFP_FTSE NFP_GBPUSD NFP_nzd

Reminder: Free Webinar Market Scan, Monday 24th February, 8-9pm.

Hi everyone,

Don’t forget about tomorrow night’s free market scan webinar.
You may already have registered, but if you haven’t, here is the link:
Everyone is invited, and welcome to join. I recommend logging on about 7:55pm London time.
If you haven’t attended one before, this will be a new experience for you. I normally offer these as a live trading coaching experience for my delegates, who already understand the signals we are looking for to find strong setups.
Because of this, the webinar is more focused on scanning all the charts, looking for a signal. It’s fast, or will seem that way for most newbies.
To start off with, please understand that I will be scanning every Forex and Stock chart to check Monday night’s daily bar. I will then determine if it is a reversal, Doji, Low-test, High-test, outside, inside, or even double-inside bar setup. If it is one of these, then and only then, will I proceed to evaluate it further, and assess the validity of it as an actual desirable trade.
In order to keep it very safe, I will only be focusing on trending setups, but will highlight reversal setups for the Master Traders if any good ones are there.
All trades are taken with 1% risk, or less, and if several setups occur on the same currency pairs, the recommendation is to either select one of them, or divide up the 1% risk over all of them, mainly in order to manage our risk.
Profit can be taken with a limit order at a 1:1 target, and trailing using daily 10 pip trailing stop.
If you do not understand any of the terminology I’ve used in this email, you must book yourself in for coaching with me as soon as possible! Let me repeat that- book yourself in for coaching with me as soon as possible.
Contact katie.lewis@learntotrade.co.uk and ask for any assistance you may require.
Further coaching sessions can be ordered from me, at a discounted rate, if need be.
I’m very much looking forward to seeing you online tomorrow night!
In the meantime, there are currently setups on the following charts, for tonight, please evaluate against your own trade strategies:
EURUSD LONG, EURAUD LONG, EURNZD LONG,
AUDCAD REVERSAL SHORT – Master Traders, and Prop only!!
Regards,
Adam

Midweek Market Focus 12th February 2014

Hi everyone,

Here is the link for tonight’s MWMF episode- I hope you enjoy it.

(It may still be uploading)

Best,

Adam

Market update – Friday 7th February 2014

Regarding market conditions, so far, these charts look to be offering the best trend-trading opportunities next week, as their weekly charts have now produced bullish signals (examples are below):

USDJPY, EURJPY, GBPJPY, NZDJPY, CHFJPY – LONG

SP500, UK FTSE, Nasdaq, Dow Jones – LONG

All other charts have no clarity YET, but probably will early next week. I am also watching AUDNZD for the trend to continue downward, disregarding the key support level for now.

I will cover this in detail in next week Wednesday’s Midweek Market Focus.

Have a great weekend!

Interesting commentary on current conditions – 2 minutes watching.

I don’t normally watch this kind of stuff, but this clip is pretty decent, and relevant to my analysis two weeks ago, and my cautionary post earlier today. (Plus my analysis 2 weeks ago, if you haven’t watched it, is posted below this clip):

My analysis two weeks ago:

Caution when trading this week, and NFP on Friday!!

Hello all,

Most of the charts I’m looking at, from equities to JPY, CAD, AUD charts, are all going through retracements or consolidations across the board, so it could take a few days to a week for clarity to return.

I don’t foresee any changes to the monthly trends just yet, but many of the weekly charts are in phase 2 (retracement), and this is what is causing so much chaos on the daily.

There were some good setups last night, all of which reversed violently, indicating no trend, or safe trades on the daily charts just yet. From a technical perspective, this is just a long overdue retracement, since these charts have been trending so much since October.

Intraday traders may have good opportunities, for small-distance trades, when trading below the M60 timeframe, but only so long as the M120 (2 hour), and M240(4 hour) are in agreement!

Be careful out there this week! And it’s also NFP this Friday!!

My advice- stay out for this week- take a break. Come in for your coaching 🙂

Adam