For everyone who has been asking, “What’s up with the EUR USD now? Here is the follow up video that shows an important update on the progress of the current pattern and what to look for to enter the next cash grabbing ATM profit opportunity.
Last week my inbox filled up with emails from some people who disagreed that the EUR was going to go up as much as it already did and also some from people who have already experienced a major breakthrough from these free videos alone.
Once this road map becomes clear to you the current Forex trading strategy for any time frame will be obvious to you withinabout 2 seconds of looking at any chart. It is a powerful and fulfilling experience and is so extremely valuable that you will keep that as a skill for the rest of your life and use it over and over.
When it comes to trading it’s best to have no opinion about where prices are headed and it is essential to never have any personal sentiment either bullish or bearish. Instead consider just looking at the charts and observing patterns, signals, and market phenomenon that can be recognized as turning points on any time frame.
One clue that was recently revealed is from the COT (CFTC commitment of traders report). Right now almost all commercial traders are long on the Euro in commodity futures. The majority seems to be short on the U.S. dollar although that conflicts with what I am seeing in relation to the current long term pattern formation on the stock market which normally moves in the exact opposite direction of the U.S. dollar.
What gets really exciting is when you see what is happening on the monthly, weekly , and daily time frames for the EUR USD. It appears highly probably that the EUR is now at least forming a correction to the last downtrend on the daily time frame and possibly a continuation of the long term uptrend on the weekly and monthly time frames.
What is even more exciting is that as you have learned from several previous videos it is not necessary to know which of these possibilities is currently happening in order to extract the maximum amount of profit on the next shorter time frames while waiting to see how the story unfolds.
The One Hidden Key That Turns Any Losing Forex Trading Strategy Into A Perpetual Cash Machine
If you have ever been involved in Forex trading there’s no doubt that you have seen many Forex trading strategies and you have no doubt tried using at least a few of them. But what traders quickly discover is that no matter what Forex trading strategy you try it will work great for a while then lose for a while. Of course any trading strategy will have some losses but there is a fundamental reason why trading strategies go through periods of failure.
Even professional Forex trading experts attribute this constant cycle of winning and losing to market consolidation or “choppy market”. That’s why a legitimate Forex trading strategy should be based on that very cycle of trending vs. consolidation. By learning to identify these points a trader can develop the skill of entering at the beginning of a trend and exiting at the end of a trend while not trading during the corrections.
It seems obvious and simple. So why does this process elude nearly the entire trading world? In this video Scott Shubert gives some insight into his highly acclaimed developments and discoveries which some traders around the world are now raving about. “Once you have this breakthrough trading will never be the same again,” Scott says. “It is not possible to stop seeing this once you have seen it.”
Although Forex Trading can be an ideal business and an amazing way for some people to build capital quickly it is not exactly a passive income investment. We do still have to work a little studying charts and occasionally clicking a mouse to enter or exit a trade. Yeah, that’s pretty grueling work but someone has to do it. While you are enjoying the freedom of lifestyle and the enormous excess fund from trading (if you ever figure out how to get consistent profit) you may want to also be planning to use part of that capital for other investments.
The signs have already formed that a major stock market crash possibly already started now in 2011 is very likely. Whenever a stock market crash occurs it is always perceived as a negative event. Recently in the May 2010 stock market crash it was reported that the entire crash was caused by human error when in fact the so called “crash” happened precisely on target at the top of a perfect Elliott Wave pattern when natural forces across financial markets were already poised for a sudden fall in price.
In the Forex trading world so many people seem to be experiencing major frustration and disappointment. Looking around on forums and groups you are sure to see people with bitter feelings fighting and complaining which makes one wonder, “Why the heck do these people hang out on forums if they hate Forex trading?”
Nearly every day I get emails from Forex trading gurus bragging that this week they got so many PIPs on certain trades. The fact is, if you enter a trade for almost any reason during a trending market you will be likely to win. In fact odds are if you enter a trade for any reason you should have a 50/50 chance of winning. What is important is if you can consistently maintain a high percentage of winning trades over time with larger winning trades than losses. To do that you need something other than a method of getting in by using an indicator crossing a certain level.
You need to actually see through the noise and chaos and recognize the real reason to enter or exit a trade that shows clearly shows the difference between what we call a pullback or retracement and an actual turning point, a reversal.
This week in Forex trading I am looking at the AUD USD among several other pairs. When you see the “Road Map to Success” you will be extremely excited to experience that you can look at any currency pair on any time frame and using some very basic technical analysis trading strategies you can immediately know whether you should be looking for an entry or an exit, what exactly the next entry or exit will be and what time frame to focus on at this time. When you have this experience it can totally transform the results you are getting from losing or breaking even to consistent increase in capital.
In Forex Trading most traders choose to enter and exit trades in a way that is not in the “rhythm of profit” This rhythm is partly a psychological mindset that is different from what is “normal” behavior. But it is also a very specific technical analysis method to enter and exit trades at the points that tend to give maximum profit and high probability for consistent winning. Once you see how this works and experience it for yourself it can transform your Forex trading business quickly and empower you to finally get the results that you always knew was possible but just could achieve consistently. Even many “professional” Forex traders end up scratching their heads in confusion as they look for many different reasons to enter and exit trades which fail to put them into this natural rhythm. You can see right on the charts that this rhythm working as far back as you care to test on any time frame. Why isn’t everyone doing this? Maybe the same reason everyone isn’t forming the world’s most successful companies like Microsoft, Facebook, or Google. This is for the few people whose eyes are open to opportunity and transformation.
I hesitate to show this stuff because not everyone should see this. In this video I demonstrate in advance the trading strategy for the AUD USD and EUR USD for this week. You can see the trade setting up now and when it happens later you will be able to see how it works out. For trading advice talk to your CTA and understand the risks of Forex trading. Meanwhile, enjoy learning what works to get the maximum results in Forex trading using simple technical analysis combined with what many traders consider to be revolutionary unique insight. Your results could be nothing less than extraordinary and potentially life changing.
Fear has a way of controlling our minds. Although we know that for a fact, it can be so real that it restrains us from achieving our goals. These perceived fears play tricks on our minds and can rob us of the rational thinking that we need for us to move ahead. In the Forex trading business, fear of the unknown and fear of loss are the worst enemies. However, in order for us to be successful in any business , we must overcome our fears. How? This video shows you the top 6 biggest fears of Forex traders which cause them to fail or give up quickly and the way to permanently breakthrough these fears and move forward with a business that gets results.
People from all around the world keep telling me that they are so grateful for discovering Forex trading because it is the most ideal business in the world and enables some traders to make the world a better place through charity and philanthropy. Not just a home based business, Forex trading provides freedom of mobility. Using technical analysis and sound Forex trading strategies , a trader can enter and exit trades on currency pairs while travelling virtually anywhere in the world. You will be amazed when you compare this business wih any other business opportunity available. In terms of potential income it is virutally unmatched. And once you discover what really works in Forex trading you may develop a skill that creates income in any economic cycle for the rest of your life.
(Recorded 10/17/10) When the stock market turns, currency pairs in the Forex market follow almost simultaneously. Some Forex traders constantly watch the Dow even on very short time frames to either predict or confirm the movement of Forex pairs.
Effective on October 18, 2010 the new CFTC regulation of Forex limiting leverage to 50:1 is going to take place. This new regulation has been creating doubts and fears in the minds of some Forex traders and some people have been saying that this could be the end of Forex Trading.
If you are one of the many people who asked if the summer enrollment is still available with the extreme low payment option, I apologize.
I was out of town all last week on a real estate tour looking for condo investments in one of Asia’s hottest emerging markets. And I was busy trading and did not send out any emails all last week to let you know about the deadline for the summer enrollment.
Thanks to everyone who shared their results from the trades sent out the last few weeks. I appreciate all the Forex traders who have expressed interest in learning to apply these techniques every day, identifying the best trades on all time frames without even knowing which way the pattern on the next higher time frame is going. Some of you are just getting started in Forex and some have been trading for years and are already well trained in many systems.
There’s a lot of frustration involved in learning how to trade and although Forex is not exactly for everyone, I feel bad for all people who have invested so much time and money on all kinds of training courses, robots, trading rooms, live seminars, alerts, and software that simply does not work. People always tell me that they are so tired of all the crap in the Forex industry and I can still remember the time when I was also in their shoes going from one training course to another.
The other day I saw a message from a guy who was so frustrated with Forex that he was totally furious. He said, “I’m so tired of all these magic systems. Nothing really works in Forex. It’s all B.S.!”
Traders will forevermore remember this day– May 6, 2010 as “Black Thursday“. On this day, the Dow Jones industrial average fell 1,000 points shortly after 2:30 p.m. Although it rebounded in a matter of minutes, this left many traders shaken and terrified.
Most people experience fear in different levels when they encounter issues regarding money. In the business of Forex trading, one of the biggest challenges is not just learning the intellectual and technical side of trading but rather most traders find it difficult to deal with their own personal emotional blocks.
Many of those who embark on the road to trade Forex often think of trading Forex as a way to make a fortune overnight. They look for the latest “trick” or “holy grail” of trading. For successful traders, Forex trading is a business like any other that needs investment, work, patience and skill to survive and make money consistently. However, many traders keep struggling to break through the barriers that prevent them from getting consistent profit.
Boulder, CO (Trading Mastermind) — In keeping with its vision of helping people succeed with their Forex trading business, Trading Mastermind reveals one of the group’s secret methods in trading profitably and that is “adjusting the frequency” of Forex charts.
Just in case you missed it yesterday, here is the replay of the webinar, Eliminate Emotional Blocks in Trading With EFT with Carol Look. Carol Look gave vital tips on how to use Meridian Tapping as well as dealing with money issues that can help improve the lives of traders.
After hours of staring bug-eyed at the charts, you see an entry signal forming.
You feel dread and anxiety in your stomach. You feel tension around your eyebrows and the muscles in your face are tight as a piano string. You are checking again to make sure it really is an entry. Your heart starts pounding. Your palms are sweating as you grip the mouse. Your breath has nearly stopped. You just don’t know if this entry is going to work out. You really don’t want to put any risk out there and have it end up in a loss. You are checking the signs on multiple time frames.
Emotional Freedom Technique or EFT is an extremely effective method for many people in all walks of life, including Forex Traders, to remove emotional blocks that prevent them from accomplishing what they intend to do.
There are 2 things that happen when a trader begins learning the principles of Elliott Wave. First there is a new fascination and a sense of awe to discover that financial markets are always forming patterns of trends followed by corrections. The waves of trends and corrections subdivide into smaller patterns on shorter time frames while any patterns are also part of a larger pattern. It ‘s like a fractal universe where every world is part of a larger world and inside of each world there is a smaller universe. In Taoist wisdom humans are seen as a microcosmic universe inside the macrocosm. The second thing that happens is a decrease in profit and higher percentage of losing trades.
After gaining a few successful trades under your belt, there is a tendency for you to think that you will no longer fail while trading. Your ego builds and you feel very much invincible. But if you want to have a long career trading Forex, you need to leave your ego behind.
But surprisingly, Will Smith and every trader in the Trading Mastermind community do have something in common: striving to achieve life’s highest potential.
The 00′s will go down as the most dispiriting and disillusioning decade for many people (9/11, Hurricane Katrina, economic meltdown, Bernie Madoff) but it is time to start anew and tune our minds that in spite of everything that occurred in the past, our human spirit remains unbroken.
Just to let you know we are removing the Yin Yang Forex Course and the free membership in the Platinum Trading Group on Monday Nov 23rd at 1700 EST. If you were thinking about getting started, now would be a good time to take action.
Boulder, Colorado (Trading Mastermind) — While searching for a new career that may experience growth throughout all economic conditions and which is currently in high demand in Dubai, U.K., U.S., Singapore, Hong Kong and other countries it is unlikely that Forex Fund Management will be seen anywhere on the list. That is because fund management is a highly specialized job and business in which only a few people in the world are currently involved. But some say the potential for growth in this industry is enormous.
When recession hit late last year, David Fisher knew his real estate investment was doomed. So did several investors who are into stocks, emerging markets and other assets. With their investments on the verge of crumbling, they all turned to the most liquid market in the world–Forex or currency market. Thomas Cardenas*, a former Philadelphia mortgage broker turned to online Forex trading from his home upon discovering that he could make a living from his passion for the financial markets. “I saw the market’s potential so I decided to jump into it full time,” he said. And with reports that Forex trading is immune to the financial crisis, these small investors got even more thrilled.
Boulder, Colorado (Trading Mastermind) — Colorado based Trading Mastermind, a premier source of trading knowledge and interaction amongst its worldwide trading community cites that the global economic crisis is, in fact, a reason to be more interested in Forex trading because it is one of the only businesses that provides the same opportunity through any economic conditions.
Please do not claim your free 3 months of Platinum Trading Group without asking yourself these questions that we would like you to answer either with a YES or NO.
1. Do you really intend to focus on trading as your business and vehicle for achieving your dreams?
The concept of Chinese Yin Yang has long been fascinating the world.
According to elders, Yin represents the dark and yang represents the light, and one is as necessary as the other, just as day and night are necessary for the completion of a 24-hour orbit cycle. Yin tends to be female, cool, internal and contractive. Yang on the other hand is male, warm, expanding and opening up. The symbol has existed for centuries and embodies the very core of one of ancient China‘s main religions.
The word is out about the Trading Mastermind’s new Ying Yang Forex Trading Course and already thousands of traders around the world are eyeing the new complete training program hoping to become one of the elite group that will see the astounding trading method demonstrated live every day in real time.
Excitement and anticipation flowed throughout the entire forex trading industry with the upcoming release of The Yin Yang Forex Trading Course, Scott Shubert’s follow up to Trading Mastermind Forex Trading Workshop.
The following is an excerpt from Jeffrey Kennedy’s Trader’s Classroom Collection. Now through August 10, Elliot Wave International is offering a special 45-pages Best of Trader’s Classroom eBook, FREE.
We have a special announcement for the Trading Mastermind community AND even to non-members. Do you believe in the power of the Law of Attraction? Have you been trying to make this work in your life? Do you want Michael J. Losier to answer all your queries? Because he will be doing that and you are invited!
