Jeff is a member of our pro traders academy : Fotis Trading Academy
Like many people he has been trading for a lot of years with limited success.
This week (after joining us in the summer) he has banked over 900 pips on his best ever trade (best by a LONG way).
These type of results are not unusual I have a ton of emails from other members who are making similar gains, from pre planned, highly profitable trades.
Jeff posted this analysis in the members forum early this week & I have to say I am astounded as to how well he has developed both as an analyst and as a trader.
Here is Jeffs analysis which we wrote last Sunday. See how he made a plan. What information he used and how successful his trading plan has been:
Please note that another of our successful “graduates” Judith Waker is now posting her detailed analysis here on the blog every Monday and a review later in the week.
The news event that had a major impact on the markets last week was the announcement
from OPEC that they will not be cutting production. It seems they are willing to lose
profits for the time being to take on the shale oil producers. Oil prices declining also
pulled commodity prices down with it.
Gold, silver & copper declined sharply. This will have
a negative effect on the commodity currencies, AUD, CAD, NZD. As Fotis mentioned, declining
crude prices will add to existing deflationary pressures, already a problem in the Eurozone
and other countries.
Today the Swiss rejected the vote to return to a gold standard for their currency, gold
dropped after the vote was announced.
The week ahead has some high impact news:
AUD – RBA rate statement, GDP and retail sales
USD – NFP on Friday
CAD – BOC rate statement, PMI and employment rate
GBP – rate statement
EUR – May announce more QE measures this week
Trading:
AUD – Bearish-The Aussie has several forces going against it, Commodity prices down,
China slowing down, rising implied volitility in the currency markets, and now
more pressure for the RBA to resume interest rate cuts
USD – Bullish-The US Dollar is benefiting from a strong economy, relative decline of
EUR, GBP, JPY, a safehaven and tightening monetary policy. Question is how long
can the the US hold on if the global economy is slowing?
Current trades:
USD/CAD long, at 1:1 r/r level, large bullish candle on weekly chart, needs to break 1.1465
USD/JPY long, entered on 10/22, still in trade, moved stop to protect 900 pips
EUR/AUD long, on break of sideways channel
Fellow graduate from our pro traders course, Judith Waker is posting her detailed analysis here on this free forex blog every Monday. Here is this weeks post: Why You Can’t Trade Without This
regards
Student Jeff’s Analysis & 900 Pip Trade
0 Comments