Daily Forex Market Review 04/20/12 (+46 pips)

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Today’s Trade Result: +46 pips
April 2012: +195 pips
March 2012: +302.5 pips
February 2012: +288 pips
January 2012: +80.5 pips
December 2011: +67.5 pips
November 2011: +12.5 pips
October 2011: +965.5 pips
September 2011: +289.5 pips

Let’s analyze the market and review the events that took place overnight during the Asian and the European market hours. We’ll analyze these news as we look into today’s trading in the US market session of toay Friday April 20, 2012.

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.


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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. Andrew Wang says:

    Hi Henry
    I am Andrew Wang. May I ask you. I saw the following trade result profit pips in your blog . Why profit pips are very low for 3 months ( November 2011 and December 2011 and January 2012 ) ? Profit pips for these 3 months are very few so your forex news trading plan is not good and not reliable ? Please reply me.

    Sincerely.
    Andrew.

    • Forex trading is like that sometimes, results are usually driven by market liquidity and condition… Remember news trading is surprise trading, and during the months where there were no surprises, then it is likely that we may not get enough market reaction to trade.

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