Daily Forex Market Review 10/12/11


Let’s take a look at some high impact unscheduled news releases that took place over the Asian and European trading sessions as we get ready to start our trading session before NY Equity Market opens today October 12, 2011.

Newsletter

Zero spam.

We’ll focus on relevant news, public comments, and any high impact releases that are shaping the overall market today, or in other words, considering the context of the market. Then we will look at the official trade recommendations issued yesterday and calculate profit/loss results. Then we’ll move forward with today’s analysis for all 7 major pairs plus any other pairs that are worth mentioning, and we will end the daily analysis with trade recommendations.

Today’s Trade Result: +70 pips
October 2011: +335 pips
September 2011: +289.5 pips


Start your 7 days Traderoom trial for only $1

About Henry Liu

My name is Henry Liu and I am a Forex Trader and Mentor. I help traders achieve consistent income trading Forex while spending less time trading. My focus in trading is a combination of Fundamental Analysis, Technical Analysis, and Market Sentiment. Far too many retail Forex traders concentrate on just one aspect of trading, technical analysis, and ignore everything else; it is my goal (and vision) to educate every trader on how to take advantage of news trading and become more balanced traders.

You can find more information about me on my Google Profile.

Comments

  1. Ronald Gan says:

    Henry,

    What is the best time frame we can use if trade by using currency strength indicator ? minutes, hrs or daily ?
    Appreciate some explnations. Thanks.

    Ronald

    • If you are talking about chart timeframe, then it is irrelevant. However, I’d use the meter from EU opening to EU closing, because that’s the time when we see the most liquidity and makes the meter much more effective… (i.e. 2:00am EST to 11:30am EST).

  2. mohd azlim says:

    dear henry,
    my name is mohd azlim, from malaysia
    i just want to asking u about trade GU with news, i still cant predict where the market will be go…after news came out. do u have a simple idea how to know the direction of the market…

Speak Your Mind

*

Newsletter

Zero spam.