Traders Live

I am currently reading a book called “Leverage tour time balance your life

by John Ingram Walker MD, and yesterday one line in particular

leapt out of the page at me…

You are what you do!!!

Only actions determine your value. To achieve your goals you need to act now!

Without action your goals are merely dreams and pretty worthless at best.

After I thought about it for a while it made total sense.

We can ‘think’ and ‘dream’ all we want,

but if we don’t take action then we are simply not going to achieve anything – ever.

Why is action so important?

Your activities become habits. Habits become your character.

Your character becomes your destiny. Doing the right things right minute by minute,

hour by hour, day by day develops strength of character that leads to success after success.

And no one can do that but you!

No ‘Guru’, professional trader or coach. Only you can take action.

You

I was recently asked by James to assist the Labrats in trying to identify where they might be struggling, as once again, he was witnessing a situation where some where doing very well, and some were failing dismally. This is the first of what will be a series of videos, and I will attempt to re-edit each and ensure you get the important parts of the webinar and not have to sit through all the down time.

I hope this helps you in some way…

EURUSD:

Update: Incredibly, the Euro has rallied almost 400 pips in the past two days in an impressive rally from 1.3000. It seems likely that we will move higher before the weekend, with the weekly reversal level at 1.3450 in near sight. We have also closed well above the last Fibonacci resistance level (the 78.6% level), which means there is only minor resistance at 1.3380/3400 above us. Still, strange things do happen in financial markets and it’s still possible that we may resume the downward weekly trend today or tomorrow. Watch and wait for a G7 entry signal, but be aware that selling into this powerful reversal is very risky.

GBP/USD:

Update: Sterling hasn’t been quite as impressive as the Euro, but we’ve still had a strong rally out of the choppy holiday range. Unfortunately, we haven’t had a chance to buy, as

Jan12th

IMPORTANT: This free report is not an express or implied recommendation, guidance or proposal that anyparticular Forex analysis or trade is appropriate to the particular investment objectives, financial situation or particular needs of any recipient.

EUR/USD

Weekly Trend direction:
Bearish

Weekly trend reversal level: 1.3450

Key G7 resistance levels:
1.3000, 1.3050/80, 1.3150/80, 1.3220, 1.3300

Counter-trend opportunities:

Strategy: Whilst below the weekly trend reversal level sell rallies to resistance levels after an entry signal.

Today’s trade suggestion:

After a long decline in the Euro during the holiday weeks, the weekly direction has turned bearish. This means that we are looking to sell the euro into rallies this week, whilst below the weekly reversal level at 1.3450. First resistance is at 1.3000, roughly where the price is currently hovering. However, there are no clear signs of reversal at this stage. Watch and wait over the coming hours. If

Today’s report is in a pdf format…

Daily Report 13th Dec

Enjoy

Here is the ‘Probability Trade Planner’ that goes along with my recent ‘Simple Trading’ Video I sent out a few days back.

Thanks for all the great feedback on this- glad it helped so much.

I have placed them both on the same page so you can watch the video again before you put it into action.

Tradeplannersimple

Cheers,

Chris.

P.S. Just a quick heads up – you have less than an hour to get the TFD alert service. James is very close to full so Join the Forex TFD program now!

EUR/USD
Weekly Trend direction: Bearish
Weekly trend reversal level: 1.4085
Key G7 resistance levels: 1.3580, 1.3620/50, 1.3710, 1.3760/80
Counter-trend and scalping opportunities:
Strategy: Whilst below the weekly trend reversal level sell rallies to resistance levels after an entry signal.
Today’s trade suggestion: The euro’s fortunes have reversed quite dramatically, and we have a very bearish pattern on all chart time frames. We’ll look to sell the euro into resistance levels after pullbacks. This is not a good time to be picking bottoms and trading counter-trend. There are very few clear support levels below us and we have just broken below major range support.
Update 17 November: General dollar strength has sent currencies crashing lower as expected, and the euro has major support at 1.3450. We continue to look to sell into rallies, with resistance levels overhead starting at 1.3580 (previous support

In this video  I show you how I analyze the ‘probability set up’ in 5 easy steps, then use those same steps to rate the trade setup, which gives me a confidence rating which I then apply to my trade entry. All of this takes just a few minutes but keeps me trading calmly and collectively as I then use this confidence rating determine my position size – thereby ensuring an overall well balance trade at every turn.

1. Analyze 5 simple criteria
2. Rate your probability set up from this on a 1-5 scale
3. Adjust your position size accordingly
4. Take unemotionally and with far greater confidence.

www.the-traders-mindset.com