Daily Forex Market Review 05/02/12 (+42.5 pips)

Newsletter

Zero spam.

Today’s Trade Result: +42.5 pips
May 2012: +150 pips
April 2012: +212 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 today Wednesday May 2, 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.


Join Henry Liu’s Live Traderoom now!

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. Hi Henry

    I’ll like to ask if you cover trading COT reports ? I’ve heard of this method but hardly find it available on internet how it can be done. Your website on news trading is a gem!

    cheers,
    darren

    • COT report is very much used as a lagging indicator. The problem is COT is that extreme positions in one direction are signs of both reversal and continuation, hard to really determine what the market is going to do… and of course, if there is a change of sentiment, positions are going to change regardless of COT’s report. I am sure there are people who use this report to trade, but I am not one of them.

Speak Your Mind

*

Newsletter

Zero spam.