We have seen some large, one directional moves since 2015 kicked off so my expectations of 2015 being the year for FX is certainly proving to be the case. I hope you are taking full advantage!
Markets which trend hundreds of pips a month are music to the eyes and ears of a forex trader however sometimes markets, when they are simply moving in one direction on the higher time frames, give no clear or decent pull backs to enter for a better price. This has clearly been a challenging component for many, having received several emails about the topic. It has also led to much of my annoyance this week, several trades came within a whisker of my orders before then sinking several hundred pips.
So what do you do in these instances? Well in this weeks video I run through several approaches to ponder. Each naturally with its pro’s and con’s but I hope it gives you food for thought and then allows you to devise a plan to take advantage of the movements we are likely to continue seeing for the next several months at least.
On a separate note, I wanted to make you aware of my trade alert / mentoring service which is now available via my website following this link www.springboardyourself.com/trade-alert-service/. I have put this together for those of you looking for more comprehensive, day to day guidance from myself.
Until we speak next