How the volume strength tools can use for buy and sell for the cross pairs with the highest accuracy
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Wednesday, September 30, 2020
Economic Data Calls for Oct 2, 2020
Here’s what we are looking for in tomorrow’s economic reports (Oct 2 2020) — Good Luck Trading!
1. US Non-Farm Payrolls (08:30 ET) No Trade — Non-Farm Payrolls is very market moving but best traded reactively
* This article was originally published here
Economic Data Calls for Oct 1, 2020
Here’s what we are looking for in tomorrow’s economic reports (Oct 1 2020) — Good Luck Trading!
1. AU PMI Manufacturing (19:30 ET) No Trade — Manufacturing improved globally but hard to say if there will be weakness domestically
2. EZ PMI Revisions (03:55 ET) No Trade — Revisions are hard to predict but can be market moving
3. EZ PPI and Unemployment Rate (05:00 ET) No Trade — Weaker GE CPI
4. US Personal Income and Spending (08:30 ET) No Trade — ADP can be market moving pre-NFP but hard to predict
5. US ISM Manufacturing (10:00 ET) Bullish USD — Stronger Empire State , slightly weaker Philly Fed
* This article was originally published here
Tuesday, September 29, 2020
Buying the EUR and AUD pairs today – Currency Strength and Weakness for Wednesday 30th September 2020
Buying the EUR and AUD pairs today – Currency Strength and Weakness for Wednesday 30th September 2020
Hi Forex Trader,
I make my Currency Strength and Weakness suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market.
My suggestions are posted by 6pm EST each day.
For The Forex Trading Coach clients, login here https://theforextradingcoachcourse.com/ to get your exact entry and exit points for today’s recommended pairs.
Overall there is strength in the EUR, AUD, CHF and NZD
Overall there is weakness in the CAD, JPY and USD, with minor weakness in the GBP
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/USD, EUR/JPY, EUR/GBP, NZD/USD, NZD/JPY, NZD/CAD, AUD/USD, AUD/JPY, EUR/CAD, CHF/JPY, AUD/CAD, XAU/USD, XAG/USD
Sell Trades – USD/CHF, GBP/CHF, GBP/AUD, GBP/NZD, CAD/CHF, USD/SGD
Disclaimer: My clients have full access to my trading strategy, including Currency Strength and Weakness specific trades each day that include the exact entry, stop loss and profit targets.
Use your own trading strategy and look to take trades that setup in the same direction as my daily analysis. If you don’t have a trading strategy, just CLICK HERE and I’ll send you some information to help you out.
FREE FOREX WEBINARS THIS WEEK FOR NEW FOREX TRADERS – Click here
There are 2 webinar times this week.
Signup Below to Receive my Daily Analysis to your Inbox
Regards
Andrew
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator
The post Buying the EUR and AUD pairs today – Currency Strength and Weakness for Wednesday 30th September 2020 appeared first on Online Forex Trading Course.
* This article was originally published here
How ForexTrade1 Maximize Technology with High-End Servers to Integrate CopyTrade to Next Level Video.
How ForexTrade1 Maximize Technology with High-End Servers to Integrate CopyTrade to Next Level
View on YouTube
View on YouTube
Economic Data Calls for Sept 30, 2020
Here’s what we are looking for in tomorrow’s economic reports (Sept 29, 2020) — Good Luck Trading!
1. Chinese PMIs (21:00 ET) No Trade — Chinese data can be very market moving but hard to handicap
2. UK Q2 GDP Revisions (02:00 ET) No Trade — Revisions are hard to predict but can be market moving
3. German labor data and CPI (03:55 & 05:00 ET) No Trade — PMIs show improvement in labor market but CPI weakens
4. US ADP (08:15 ET) No Trade — ADP can be market moving pre-NFP but hard to predict
5. CA GDP (08:30 ET) Bearish CAD —Weaker retail sales and trade
6. US Q2 GDP Revisions (08:30 ET) No Trade — Revisions are hard to predict but can be market moving
* This article was originally published here
Monday, September 28, 2020
Weakness in the USD and Yen pairs today – Currency Strength and Weakness for Tuesday 29th September 2020
Weakness in the USD and Yen pairs today – Currency Strength and Weakness for Tuesday 29th September 2020
Hi Forex Trader,
I make my Currency Strength and Weakness suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market.
My suggestions are posted by 6pm EST each day
For The Forex Trading Coach clients, login here https://theforextradingcoachcourse.com/ to get your exact entry and exit points for today’s recommended pairs.
Overall there is strength in the AUD, GBP, EUR and CHF
Overall there is weakness in the USD, JPY, NZD and CAD
Disclaimer: My clients have full access to my trading strategy, including specific Currency Strength and Weakness trades each day that include the exact entry, stop loss and profit targets.
Use your own trading strategy and look to take trades that setup in the same direction as my daily analysis. If you don’t have a trading strategy, just CLICK HERE and I’ll send you some information to help you out.
Buy Trades – EUR/USD, EUR/JPY, GBP/JPY, AUD/USD, AUD/JPY, AUD/NZD, CHF/JPY, AUD/CAD, XAU/USD, XAG/USD
Sell Trades – USD/CHF, CAD/CHF, USD/SGD
FREE TRADING WEBINARS FOR FRUSTRATED TRADERS –
Are you a frustrated trader, feeling like you’re ready to give it all up?
Have you been trading for 6-12 months or more and you’re feeling like you’re not achieving the kind of profits you should be?
If the answer to either question is “yes” then this webinar is perfect for you. There are 2 webinar times this week.
Signup Below to Receive my Daily Analysis to your Inbox
To Your Trading Success.
Andrew
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator
The post Weakness in the USD and Yen pairs today – Currency Strength and Weakness for Tuesday 29th September 2020 appeared first on Online Forex Trading Course.
* This article was originally published here
Forex: The ONE Thing You MUST Have To Be A WEALTHY Trader... Video.
Forex: The ONE Thing You MUST Have To Be A WEALTHY Trader...
VIP EAP Mentorship Program - https://ift.tt/2MhlRUm Pro Trader Report - https://ift.tt/2vUyMF7 Free Spreadsheet - FREE course 3 - Part Reversal Series - https://goo.gl/QKaxzV If you have questions regarding any of the course material above, then email us at support@thetradingchannel.net ----------------------------------- Full Strategy Videos - Double Top/Bottom Entry Video - https://youtu.be/6rqfqC79DTY 5 - Wick Rejection Entry Video - https://youtu.be/J1JmNaqLzNM CONNECT WITH STEVEN ON SOCIAL MEDIA: Instagram: https://ift.tt/2KLoqwZ https://ift.tt/2REupnS Facebook: https://ift.tt/3bUkRPu ------------------------------------- CLICK HERE TO SUBSCRIBE TO STEVEN'S YOUTUBE CHANNEL NOW: https://www.youtube.com/channel/UCGL9ubdGcvZh_dvSV2z1hoQ ------------------------------------- Enjoyed this video? Check out more videos about predictive analysis: The #1 Trend Trading Technique Of All Time: https://www.youtube.com/watch?v=rWOwMPyGsgk The ULTIMATE Beginners Guide To Reading a Candlestick Chart: https://www.youtube.com/watch?v=jmoOrgTP5XQ&t=319s over 2.4 million views... How To Identify Powerful Support/Resistance: https://www.youtube.com/watch?v=vJ-sRke6lzE&t=453s Over 839,000 views The ULTIMATE Beginner's Guide to Price Action Trading: https://www.youtube.com/watch?v=k8n4DkcaLjA Predictive Analysis 101 For Beginners: https://www.youtube.com/watch?v=GulqbgC5FCc Using Structure to Defeat the Markets: https://www.youtube.com/watch?v=bHTwShGVIQE Learn to Master Technical Analysis/ Price Action Trading: https://www.youtube.com/watch?v=XGQcw4RFT-A&t=14s Top 2 Best Currency Trading Indicators: https://www.youtube.com/watch?v=cvGBj4hlMx8 ***** In this video, Steven shares a modified version of the Ascending Triangle Pattern. This is a pattern that has been around for decades and proven to be profitable when traded correctly for thousands of traders. Let's take a look at some of the modifications and other things you can add to this pattern to make it perform even better! Hope you enjoy! ----------------------------------- BIO Steven Hart - Steven was recognized as a top 15 Trading educator on YouTube by the very critical feedspot.com. Link - https://ift.tt/2KKUCAC... He became a self-made professional trader at 20 years old. Today he is the "Honest Trading Coach" to hundreds of thousands of traders around the world. He is the founder and CEO of The Trading Channel. For over a decade, Steven has studied the science of trading and psychology. This combination allows him to not only be an incredible trader, but a very understandable teacher as well. He has developed numerous rules-based trading systems and strategies that are used by top traders around the world. Today, Steven is on a mission to help 1,000 traders become independently profitable over the next 12 months. Will you be one of them? ---------------- JOIN US IN OUR LATEST FREE TRAINING: Link - https://ift.tt/311rpFk ----------------------------------- OTHER LINKS: Intro music provided by - https://www.youtube.com/user/ThisIsTh... Song link - https://www.youtube.com/watch?v=2Ax_E... Outro music provided by - TULE - Fearless pt.II (feat. Chris Linton) [NCS Release] Song link - https://youtu.be/S19UcWdOA-I #supportandresistance#fx#forex
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VIP EAP Mentorship Program - https://ift.tt/2MhlRUm Pro Trader Report - https://ift.tt/2vUyMF7 Free Spreadsheet - FREE course 3 - Part Reversal Series - https://goo.gl/QKaxzV If you have questions regarding any of the course material above, then email us at support@thetradingchannel.net ----------------------------------- Full Strategy Videos - Double Top/Bottom Entry Video - https://youtu.be/6rqfqC79DTY 5 - Wick Rejection Entry Video - https://youtu.be/J1JmNaqLzNM CONNECT WITH STEVEN ON SOCIAL MEDIA: Instagram: https://ift.tt/2KLoqwZ https://ift.tt/2REupnS Facebook: https://ift.tt/3bUkRPu ------------------------------------- CLICK HERE TO SUBSCRIBE TO STEVEN'S YOUTUBE CHANNEL NOW: https://www.youtube.com/channel/UCGL9ubdGcvZh_dvSV2z1hoQ ------------------------------------- Enjoyed this video? Check out more videos about predictive analysis: The #1 Trend Trading Technique Of All Time: https://www.youtube.com/watch?v=rWOwMPyGsgk The ULTIMATE Beginners Guide To Reading a Candlestick Chart: https://www.youtube.com/watch?v=jmoOrgTP5XQ&t=319s over 2.4 million views... How To Identify Powerful Support/Resistance: https://www.youtube.com/watch?v=vJ-sRke6lzE&t=453s Over 839,000 views The ULTIMATE Beginner's Guide to Price Action Trading: https://www.youtube.com/watch?v=k8n4DkcaLjA Predictive Analysis 101 For Beginners: https://www.youtube.com/watch?v=GulqbgC5FCc Using Structure to Defeat the Markets: https://www.youtube.com/watch?v=bHTwShGVIQE Learn to Master Technical Analysis/ Price Action Trading: https://www.youtube.com/watch?v=XGQcw4RFT-A&t=14s Top 2 Best Currency Trading Indicators: https://www.youtube.com/watch?v=cvGBj4hlMx8 ***** In this video, Steven shares a modified version of the Ascending Triangle Pattern. This is a pattern that has been around for decades and proven to be profitable when traded correctly for thousands of traders. Let's take a look at some of the modifications and other things you can add to this pattern to make it perform even better! Hope you enjoy! ----------------------------------- BIO Steven Hart - Steven was recognized as a top 15 Trading educator on YouTube by the very critical feedspot.com. Link - https://ift.tt/2KKUCAC... He became a self-made professional trader at 20 years old. Today he is the "Honest Trading Coach" to hundreds of thousands of traders around the world. He is the founder and CEO of The Trading Channel. For over a decade, Steven has studied the science of trading and psychology. This combination allows him to not only be an incredible trader, but a very understandable teacher as well. He has developed numerous rules-based trading systems and strategies that are used by top traders around the world. Today, Steven is on a mission to help 1,000 traders become independently profitable over the next 12 months. Will you be one of them? ---------------- JOIN US IN OUR LATEST FREE TRAINING: Link - https://ift.tt/311rpFk ----------------------------------- OTHER LINKS: Intro music provided by - https://www.youtube.com/user/ThisIsTh... Song link - https://www.youtube.com/watch?v=2Ax_E... Outro music provided by - TULE - Fearless pt.II (feat. Chris Linton) [NCS Release] Song link - https://youtu.be/S19UcWdOA-I #supportandresistance#fx#forex
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Economic Data Calls for Sept 29, 2020
Here’s what we are looking for in tomorrow’s economic reports (Sept 29, 2020) — Good Luck Trading!
1. EZ Economic Confidence (05:00 ET) Bearish EUR — Stronger ZEW, mixed IFO and PMIs
2. German CPI (08:00 ET) No Trade — PPI numbers were flat with no major improvements.
3. US Conference Board Confidence (10:00 ET) Bearish USD — Stronger Umich survey offset by stock market decline. Forecasts high
* This article was originally published here
Decision 2020 – Everything You Need to Know About Making Money from the Election
Decision 2020 – Everything You Need to Know About Making Money from the Election
November’s 2020 US Presidential election will be the most important election of our lifetime. The stakes are high for Americans and the rest of the world after a crushing year for everyone. Depending on where you stand, 2020 will either end on a very high or very low note.
The coronavirus pandemic halted global economic activity and with a second wave emerging in Europe, strong leadership is needed to make sure the world does not tumble into a double-dip recession. So far, the US government failed at handling the coronavirus pandemic but it is unclear if this will cost votes for President Trump. Speaking to 2016 Trump supporters, many are unhappy with how he handled the virus but very few plan to flip their votes and if this anecdotal query is indicative of more Republicans, the President could sneak in a second term.
America is broken. The country is deeply divided on everything from the perception of Trump, the economy, racial injustice and the rush to replace Supreme Court Justice Ruth Bader Ginsburg. Mail-in voting is more important than ever and the President’s attempts to curtail the Postal Service and prevent absentee votes from being counted means the legitimacy of this election will be hotly contested.
There’s no doubt that the outcome of this coming election will have consequences far beyond America’s borders but ballot counting could drag out the results for weeks. The polls show the Democratic candidate former Vice President Joe Biden comfortably in the lead but two late September polls show more voters in Florida and Arizona favoring Trump. So the only thing we can discern with certainty is that come election night, there will be big moves in equities and currencies.
Only One Thing is Certain – Volatility
In 2016, the polls predicted a win by Hillary Clinton and when a Trump victory became increasingly likely, Dow futures dropped 750 points in premarket trading on election night. However by end of day Wednesday, stocks shot higher to fresh record highs. On Election night, EUR/USD shot up 300 points from 1.10 to 1.13 only to U-turn, give up all of its gains to end the New York trading day on Wednesday near 1.09. Similarly big moves were seen in USD/JPY which dropped like a rock when the results became clear. USD/JPY fell from 105.47 down to 101.20 in Asia trade before rallying strongly in the NY session to end the day just under 106.
Election Night Tips
If you are looking to make money on election night, there are a few important lessons to remember. The first move may not be the real move but when the moves get underway, they will be big. Given how long it takes for the poll results to come in, when the first move begins, it could last two to three hours. However once the clock strikes midnight on the eastern seaboard and the outcome is more certain, even if it’s a near term stalemate, the real move of the day will emerge and that could carry over into European and NY trade. Currencies will track the moves in equities.
Trump vs. Biden – What are the Issues?
There are so many issues at stake for this election with governments around the world watching the results with anticipation. One of the main reasons why stocks soared after a Trump victory in 2016 was because of the potential impact on tax policy. Trump is continuing his focus on lowering taxes for businesses and individuals while Biden favors increases to corporate taxes to fund social programs. The most important issue for voters is the economy and the Republicans lead on this point as they have been quick to relax social restrictions in favor of reinvigorating the economy. Trump aims for a vigorous reopening while Biden’s focus is on investments, infrastructure spending and addressing inequality.
Trump has also been increasingly antagonistic towards China and this confrontational attitude is not expected to change. While Biden may pursue a more diplomatic approach, the hardline stance could continue regardless of who wins. Build a wall was a big theme in Trump’s 2016 campaign and it resulted in border wall construction and restrictions on asylum seekers. Biden promises to undo nearly all of these changes.
Trump vs. Biden – Who’s Better for the Markets?
In the weeks ahead, we’ll be sharing more articles on Election 2020 and the investment / trading opportunities it will present. For now, we know that historically sitting Presidents normally win re-election with Jimmy Carter and George W. Bush being the only post-war exceptions. However, they rarely win when stocks fall 3 months into the election and when there is an impeached President. Trump is both so it will be interesting see what matters.
Thankfully, for investors, history is on our side. Since 1928, the S&P 500 ended positive 17 out of the last 23 presidential election years or 74% of the time with an average annual return of 7.1%. Incumbent victories are generally more positive for the markets because it means less policy uncertainty. According to a study by Dan Clifton of Strategas Research Partners who studied data going back to 1933, the markets do best when there is a Democratic President, Republican House and Democratic Senate. This is highly unlikely as it would involve a flip in all 3 parts of the legislative and executive branch. If Biden wins, the House remains Democratic and the Senate Republican, a combination not seen since 1886.
Election years are also good for the Dollar Index irrespective of the party winner. Over the past four decades, which covers eleven Presidential election cycles, the Dollar Index appreciated 9 out of those 11 election years. This year may be the exception as it would require a dramatic fourth quarter rally for the dollar index to turn positive. The trend of election year performance is less pronounced for USD/JPY as shown in the table below but the downtrend of EUR/USD is strong. This suggests that regardless of who wins in November, opportunities may be had being long dollars.
* This article was originally published here
Sunday, September 27, 2020
Weakness in the EUR today – Currency Strength and Weakness for Monday 28th September 2020
Weakness in the EUR today – Currency Strength and Weakness for Monday 28th September 2020
Hi Forex Trader,
I make my Currency Strength and Weakness suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market.
My suggestions are posted by 6pm EST each day.
For The Forex Trading Coach clients, login here https://theforextradingcoachcourse.com/ to get your exact entry and exit points for today’s recommended pairs.
Overall there is minor strength in the USD, NZD and GBP
Overall there is minor weakness in the AUD, EUR and CHF
Trading Directions I am favouring for the next 24 hours
IMPORTANT: Just to let you know that Monday’s trade analysis, when the market opens at the beginning of the new week (Sunday if you are in the US/Europe) are usually the hardest to pick and if you wanted a day off trading, that would generally be the day to choose. The reason being; I am looking at the previous week’s prices and the new open prices for the week when making my analysis on a Monday and of course many things can happen between the close of the market one week and the opening of the market the next week and the market sentiment can often change. Just bear this in mind each Monday (Sunday US time)
Buy Trades – USD/CHF
Sell Trades – EUR/USD
Disclaimer: My clients have full access to my Currency Strength Weakness trading strategy, including specific trades each day that include the exact entry, stop loss and profit targets.
Use your own trading strategy and look to take trades that setup in the same direction as my daily analysis. If you don’t have a trading strategy, just CLICK HERE and I’ll send you some information to help you out.
WEEKLY FOREX TRADING VIDEO and iTUNES PODCAST:
In this week’s video I talk about:
“#385: My Trading Account is up +17% for the Month”
Signup Below to Receive my Daily Analysis to your Inbox
Have a great week ahead.
Andrew Mitchem
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator
The post Weakness in the EUR today – Currency Strength and Weakness for Monday 28th September 2020 appeared first on Online Forex Trading Course.
* This article was originally published here
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