Forex Seminar Blog

Eddie Yakubovich asked:


Cable final broke through the super resistance at 1.7600 yesterday. Even though we had a losing trade last night, I have to say I am glad to see that tight range behind us. Maybe now we will see a few prolonged and definable trends.

If this is the case it will make it much easier to make a good profitable trade. On the other hand Cable could just as easily slide right back into a consolidation sideway market. Only time will tell.

We we lick our wound from last night and bid farewell to the 1.7600 resistance level. It served us well over the past few months holding on at least a half a dozen occasions. Lets take a look at last night and see what it took to break that resistance. Was it a 20, 40 or 60 pip move, no way? It took a lot more than that to break through, it was a 150 pip move that did the job. Only a move of this magnitude would have the momentum to break and hold above the established resistance.

Last weeks trades were not bad, but last night was not so much. We now have a possible trending market to play for the first time since the first of February.

Tonight we are trading around 1.7710. We are looking for a buy for the first time in months, and some of our traders are going to play both a buy and a sell at opposite end of the expected range.

There is some support around 1.7706, and even more around 1.7680. The first resistance is going to be around 1.7750. We do like to caution traders on making too aggressive of an entry, the 1 hour MACD is still on the sell side of the signal line, although there appears to be some divergence on this chart recently. To learn more about how we teach traders to successfully trade the forex market, be sure to get yourself a top quality forex trading education. One that includes either a forex seminar or a forex trading course.

We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful Forex Trading style with our Elite Forex Trading Course.or Forex Seminar



WADDY

Eddie Yakubovich asked:


We had another great night of trading last night. After sitting out 2 nights ago, we found a safe entry level at 1.8830 and went short. We were almost stopped out (1.8870), but, thankfully, that didn’t happen.

Within a few hours of reaching the high Cable fell hard and turned our trading day into a big winner. We closed our first trade taking 80 pips profit, and the second trade taking a 160 pip profit.

This now gives us a 160 pip week. Remember, our goal for each week is 100 pips. So as of right now we have achieved our goal.

In the “Trading In Black And White Forex Trading Course” we lay out a very simple money management system. Taking a $5,000 account - using this system and making an average of 100 pips per week for one full year (or 50 trading weeks) your account would be worth around $700,000.

Believe us; we know exactly how ridiculous this sounds. But hey, how many people can boast about the kind of results that you have seen us have.

This month we have made OVER 1000 pips and there are still 5 trading days left. Our goal of 400 pips per month is well in hand. This month, we are averaging over 50 pips per day. And, needless to say, our estimate of $700,000 goes up exponentially with an average of 50 pips per day instead of 20 pips per day.

Do you see the amazing potential in the Forex market? If you want to enjoy the type of results that we have experienced, you must get a top notch Forex trading education. And, there is no better place to get it than the “Trading In Black And White Forex Trading Course”.

Ok, so let’s talk about tonight’s trading.

We are going to continue to only play the short side of the market.

After conversing with our traders we have found a few levels that may play an important role in tonight’s trading.

1.8750, 1.8790, 1.8810. These are the resistance levels that our traders are watching for potential short trades.

Make sure you look for good price action, or whatever indicators you watch for, before entering into your trades. That’s pretty much all we have to say about the market for tonight.

We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful Forex Trading style with our Elite Forex Trading Course or Forex Seminar.



STORRER

Eddie Yakubovich asked:


When I look at the charts tonight I think of my favorite Led Zeppelin song, The Song Remains the Same. Cable will once again be testing the resistance around 1.7935.

If this sounds familiar it should, we have been tell you about this since last Thursday.

While we believe it will hold only time will tell for sure, we must be very vigilant in watching in the New York session, especially with the release of the consumer confidence report at 10:00 AM.

The fundamentals are all over the place, due to fears of the recent and dramatic increase in gasoline prices. What does this mean to us? We need to watch and take action dependant on the situation at the time of the news release.

On Monday 1.7800 held as support a little above where we were looking as we were watching 1.7750 again. We were still able to close both of our trades, the first for 60 pips and the second for 80 pips of profit.

The previously mentioned cluster of resistance around 1.7935 has several good supporting reasons behind it, with the main player being a 61.8% Fibonacci retracements of the 1.8498 to 1.7048 move, and the previous highs of 1.7934 and 1.7933.

We will watch closely to see in the rise continues, and if it does we are looking towards the 1.8498 previous high. If this current resistance at 1.7935 holds and we see a reversal, we will look towards the support cluster at 1.7680

Tonight we are trading around 1.7864. We will be watching the resistance level around 1.7935 closely for another reversal. This should be a great area to be looking for a sell. Remember to play it safe, its better to have a safe entry and not get into your trade than to have an over aggressive entry and get sopped out of your trade for a loss.

To learn more about how we teach traders to successfully trade the forex market be sure to attain a top notch Forex Trading Education. Whether it be a forex trading course or forex seminar, you must prepare yourself for your trading career..

We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful forex trading style with a forex trading course or forex seminar.



GAMBALE

Eddie Yakubovich asked:


Tonight is the first night in a long while that we will look to go short on cable. We believe Mr. Bernanke said what most people wanted to here and that his statement will satisfy most traders.

There are several reasons apparent on the charts indicating that we may have already seen a swing high at 1.8729. The most obvious is the 4-hour chart MACD.

We have mentioned the divergence several times already and now the MACD line has taken a sharp downward angle off the signal line. The daily MACD is also making a sharp turn to the down side and it appears a cross over the signal line to the down side is coming fast.

Also on the 1-hour chart there have been three consecutive candles dropping away and not touching the upper Bollinger band, indicating the up-trend in weakening.

Last night we set our entries at 1.8650. We got stopped out of our trades for a 40 pips loss. (How many other traders tell you about their losing trades?) This is another indicator of a possible reversal. If not a reversal certainly some sideways trading, and we will adjust our trading accordingly.

Tonight we are trading around 1.8560. We will be looking to go short, in an attempt to trade within the range just in case we are sideways.

Remember, in order to analyze and trade the markets on your own, you must get a top notch forex trading education. Whether it be an at home forex trading course or a live forex seminar, take the time to get educated.

I truly hope that all of you have been following our outlooks on the Forex market. Last week, alone, we netted over 500 pips in profit.

Now, granted, that is a GREAT week of trading, but they do come often enough. But, how are you supposed to know when they are coming?

You aren’t. What you are supposed to do, is be ready for anything and everything the forex markets throw at you.

The only way to do that is by getting a quality Forex trading education.

Sorry about that, I got a little sidetracked. Let’s get to the outlook for the Pound/Dollar.

Alright, one more tangent. We only discuss our opinions for the Pound in these outlooks. But, you can use the skills you learn to trade any currency pair.

Now, really, let’s get to the trading.

Cable continues its climb, and there is no end in sight, which means we should watch for a reversal…ha ha. The most enlightening fact I ever learned about the forex market is that it is completely random.

We can predict, usually with great accuracy support and resistance levels using retracements levels and pivot points just to name a few, but the market can and will change direction when you least expect it to.

So our word to all our traders is caution. Be diligent in assessing your risk when you make your trades. With that said we expect the rise to continue towards the 1.9549 previous high

. For Friday we set our entries at 1.8500. We had profit targets of 1.8540 and 1.8590, we were able to close our first trade for 40 pips and our second trade was closed for a 90 pip profit.

Tonight we are trading around 1.8610. We will be looking to go long again, and we will continue cautiously watching for an unexpected reversal.

Remember, in order to analyze and trade the markets on your own, you must get a top notch forex trading education. Whether it be an at home forex trading course or a live forex seminar, take the time to get educated.

We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful Forex Trading style with our Elite Forex Trading Course or Forex Seminar.



KAGAN

Eddie Yakubovich asked:


Well, another great day of trading. Our resistance level of 1.8900 held beautifully at around 3:30 am EST. In fact, the high on Cable on our trading platform was 1.8906 up until the news releases began.

We took our short at 1.8900 and covered one of our trades at 1.8860 for 40 pips and the second at 1.8845 for 55 pips.

At 7:00 am EST, half an hour before the news releases were to begin, we got out of our trade and did nothing else till 11:00 am EST.

Actually, we didn’t do anything else for the rest of the day, but our more aggressive traders found some very nice long trades later on in the morning.

Since that trading style is not our specialty, I don’t want to get into it into much more detail. But, for your knowledge, they used a combination of trend lines and Fibonacci lines.

They are great examples of what you can do if you know how to use all of the tools available to you. In the “Trading In Black And White Forex Trading Course” you will learn how to develop your own unique trading style.

Many of you will be able to outperform our trading, just like those traders did today.

We can not stress enough how important it is to get a quality Forex trading education. This is the only way that you will be able to reach your Forex trading goals.

Surely you have all seen our amazing trading results this week. We haven’t flipped flopped on any of our opinions or trading levels at all.

We haven’t hid any losing trades from you, we just haven’t had any this week. We had some last week, and we let you know about them. The week before, also, was a perfect trading week.

We just wanted to make sure that you realize that we do share our results with you as much as possible. We are trying our hardest to get you to understand that the potential in the Forex markets.

If we haven’t convinced you yet, with these amazing results over the last 3 weeks, than there is nothing more we can do.

With last nights 95 pips, this week netted us 455 pips. We generally don’t put in trades on Friday…well at least I don’t, so I can’t give you any thing for tomorrow.

So, now this puts our month at almost 1200 pips…AND THERE IS STILL A WEEK LEFT!

Let’s turn this into an example based on dollars. If you had a $10k account, and only traded 1 lot, you would have earned $12k…or 120% of your account. Remember, this is only trading 1 lot.

Also, we only discuss Cable in our newsletters. That’s just one of the 4 major currency pairs, and there are at least 2 others that are tradable.

Do you see how much potential there is in the Forex markets? How much more there is to make than we show you?

We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful Forex Trading style with our Elite Forex Trading Course or Forex Seminar.



AUGSBURGER

Eddie Yakubovich asked:


When is a night that you don’t get into a trade a good trading night? Well the obvious answer is when the market goes against you, but since you did not get to your entry price you did not lose any money.

Last night gave us an example of what I believe is an even better no trade night. We missed our entry by one pip plus the spread. Cable dropped to 1.8581 and our entry was 1.8580.

Most of you ask how frustrating it is to miss a 160-pip profit night by one pip, that’s right we hit both of our targets. My answer is it’s not frustrating at all. I can honestly answer this way because number one, and I alluded to this a little in last nights news letter, the market is completely random, so why should I feel frustrated by missing a trade by one pip, to the contrary I am glad to been that close to the entry.

And number two every trader needs a little luck, to have a trade go in there favor. We have had six out of the last seven nights go in our favor for well over 700 pips. I feel fortunate that I have had more than my share of luck.

It appears Cable is sliding into some sideways consolidation trading. We do not feel this will last long. This has been a fairly quiet week so far, with no significant news. That all changes Wednesday with the FOMC Interest Rate Statement.

With that said we expect the rise to continue towards the 1.9549 previous high. We must also watch the 4 hour charts as the MACD is in divergence.

Last night we set our entries at 1.8580. We had profit targets of 1.8640 and 1.8680, we miss the entry by one pips but the target were perfect.

Tonight we are trading around 1.8550. We will be looking to go long again, and we will continue cautiously watching for an unexpected reversal.

To learn more about how we find these trading levels and dominate the Forex market, you must get a Forex trading education. Whether it be a Forex trading course of Forex seminar.

We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful Forex Trading style with our Elite Forex Trading Course or Forex Seminar.



PAWLIK

Eddie Yakubovich asked:


Once again following our rules saved us from taking an ugly loss. I hope most of you headed our warnings and got out of any position prior to the 10:00 AM news. Mr. Bernanke will testify before the Joint Economic Committee of Congress on the U.S. economic outlook, in Washington, and Cable went wild. Hey that might be a great name for a new web site, “Cable gone wild” a … never mind. So anyway it’s safe to say we have broken out of the range we were stuck in all week. When a significant resistance or support level is broken it is usually done with a big move and today was no exception.

Last night we set our entries at 1.7900, we cancelled our trades at 9:00, we were still 40 pips away from getting in and the news move was setting up to be huge. We made no money today but that’s all right, because we lost no money today either.

Given the massive moves in cable there were many traders who lost and we were not one of them. Our favorite rule is, it’s more important not to lose money than it is to make money. Our aggressive money management and compounding system allow us the luxury of saying that, and meaning it.

Tonight we are trading around 1.8008. We will be looking to go long for the first time in a while, all of the indicator support further increase.

There will be a region of resistance starting at 1.8113 going to 1.8136. We will look towards a support level below 1.8000 for our entry. We must also keep a watchful eye on the news, the GDP is due out at 8:30 AM EST, and consumer sentiment at 9:45 AM EST.

Remember to play it safe, its better to have a safe entry and not get into your trade than to have an over aggressive entry and get sopped out of your trade for a loss. And it has never been more important than now to watch the news, remember the best way to deal with news is to get out of it’s way.

Remember, the best thing you can do for yourself is get a top notch forex trading education. There are several places to find a forex trading course or forex seminar.

We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Take the time to learn how to develop your own trading style. Remember a forex trading education, forex trading course, or forex seminar is worth its’ weight in gold.



CARIS

Eddie Yakubovich asked:


I truly hope that all of you have been following our outlooks on the Forex market. Last week, alone, we netted over 500 pips in profit.

Now, granted, that is a GREAT week of trading, but they do come often enough. But, how are you supposed to know when they are coming?

You aren’t. What you are supposed to do, is be ready for anything and everything the forex markets throw at you.

The only way to do that is by getting a quality Forex trading education.

Sorry about that, I got a little sidetracked. Let’s get to the outlook for the Pound/Dollar.

Alright, one more tangent. We only discuss our opinions for the Pound in these outlooks. But, you can use the skills you learn to trade any currency pair.

Now, really, let’s get to the trading.

Cable continues its climb, and there is no end in sight, which means we should watch for a reversal…ha ha. The most enlightening fact I ever learned about the forex market is that it is completely random.

We can predict, usually with great accuracy support and resistance levels using retracements levels and pivot points just to name a few, but the market can and will change direction when you least expect it to.

So our word to all our traders is caution. Be diligent in assessing your risk when you make your trades. With that said we expect the rise to continue towards the 1.9549 previous high

. For Friday we set our entries at 1.8500. We had profit targets of 1.8540 and 1.8590, we were able to close our first trade for 40 pips and our second trade was closed for a 90 pip profit.

Tonight we are trading around 1.8610. We will be looking to go long again, and we will continue cautiously watching for an unexpected reversal.

Remember, in order to analyze and trade the markets on your own, you must get a top notch forex trading education. Whether it be an at home forex trading course or a live forex seminar, take the time to get educated.

We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful Forex Trading style with our Elite Forex Trading Course or Forex Seminar.



HOPES