Forex Trading Secrets - Paper Trade Only
This morning could be your most profitable trading day of the month, if done right. Last month in my live market mentorship group we banked 90 pipson the NFP announcement.
I usually don't give some of my better tips out to those of you that have not bought my course yet but I thought about how many of you have been burned on NFP days and felt compelled to do something about it.
If the NFP number comes out to be the same as the consensus or very close (in this case 190 to 210k),then you must wait 25-30 minutes before trading and use my technical analysis approach most likely going the direction of the fundamental announcement trend.
Wait for a pivot point violation and possibly oneof my signature trades to hit. Now for the big tip, if it moves out of that price range it will go in the direction of the fundamental(above 210k will have a strong short bias on the GBP/USD, below 190k will have a strong long bias on the GBP/USD, or EUR/USD ), it might whiplash a lot in the first 30 minutes butultimately it is a 99% chance that it will go in the correct direction.
So the way to make the big money is to wait for price to do the opposite of what it is supposed to do. I like to wait for price to pullback to the starting priceat 8:29 am EST or 20 pips further then get in and load the boat! But if the number is a 50k difference then watch out because there is a good chance it will only retrace 38.2% or 50% of the first five minute candle, so you might want to get in quicker. Either way you make money.
Since you should target a 70 to 110 pip target you should also have a much wider stop, of about 50 pips because brokers go stop hunting on NFP days. If you're really confident use a mental stop. If you're new to trading the Forex, please demo trade this report.
Remember to wait for the pullback. Hold for the 2-5 hours for your target to get hit (my live trading group gets a special indicator teaching you this). And watch out if the number is a 50k difference for a smaller pullback.These are aggressive strategies and it is only one of the many styles I teach in my course.
Tomorrow I'll be sending an email about how you can earn 833 pips per month doing nothing (technically, it's about 5 minutes of work per day), be on the lookout. This is something new that I have never shared before.
Thanks,
Aden Rusfeldt
http://tinyurl.com/9su25
I usually don't give some of my better tips out to those of you that have not bought my course yet but I thought about how many of you have been burned on NFP days and felt compelled to do something about it.
If the NFP number comes out to be the same as the consensus or very close (in this case 190 to 210k),then you must wait 25-30 minutes before trading and use my technical analysis approach most likely going the direction of the fundamental announcement trend.
Wait for a pivot point violation and possibly oneof my signature trades to hit. Now for the big tip, if it moves out of that price range it will go in the direction of the fundamental(above 210k will have a strong short bias on the GBP/USD, below 190k will have a strong long bias on the GBP/USD, or EUR/USD ), it might whiplash a lot in the first 30 minutes butultimately it is a 99% chance that it will go in the correct direction.
So the way to make the big money is to wait for price to do the opposite of what it is supposed to do. I like to wait for price to pullback to the starting priceat 8:29 am EST or 20 pips further then get in and load the boat! But if the number is a 50k difference then watch out because there is a good chance it will only retrace 38.2% or 50% of the first five minute candle, so you might want to get in quicker. Either way you make money.
Since you should target a 70 to 110 pip target you should also have a much wider stop, of about 50 pips because brokers go stop hunting on NFP days. If you're really confident use a mental stop. If you're new to trading the Forex, please demo trade this report.
Remember to wait for the pullback. Hold for the 2-5 hours for your target to get hit (my live trading group gets a special indicator teaching you this). And watch out if the number is a 50k difference for a smaller pullback.These are aggressive strategies and it is only one of the many styles I teach in my course.
Tomorrow I'll be sending an email about how you can earn 833 pips per month doing nothing (technically, it's about 5 minutes of work per day), be on the lookout. This is something new that I have never shared before.
Thanks,
Aden Rusfeldt
http://tinyurl.com/9su25
posted by Learning Coach | 6:12 AM
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