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Catching the Big Moves.... Print
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 A couple of weeks ago I spoke at Round-the-Clock-Trader about “How to catch the BIG moves in just 20 minutes a day...”. You can view the full recording of the webinar here.

The talk was based on the two main techniques I use in my trading - The trend following and reversal finding process from the Twenty Minute Extreme Swing Trader and the Fibonacci based, Harmonic Wave Trader. The chart shows these two methods in action, read on....

The CHFJPY Forex pair frequently bursts into strong momentum runs. Last week it broke down into one of these runs and away from a struggling attempt to get back into its old up trend.

TMEST has a simple trend-following process that showed us a likely trend change at the low of the 14th July. This was aided by the auto Fib Finder picking a potential top (the dotted lines at the high).

The struggling recovery attempt failed at the 61.8% fib, resulting in a multi point reversal that was confirmed with price bars dropping below previously bullish candles. The 2.618 Fib suggests this excellent 265 pip move may be ready to pause.

 

From the blog

Mario lobs a grenade into the FX market!

Mario had some fun with the markets yesterday.

I had several members asking for my take on the Euro/Dollar reversal
yesterday as a result of the ECB grenade thrown into the markets.

That was all down to Mario Draghi, not following on from Powell on
Wednesday and tightening or at least accelerating tapering. The market was
convinced he would, then the bombshell was saying no rate rises until 2019
caught the market on the wrong side of trades.

The positives are that that created several Key Reversals in the EUR pairs,
CHF and Cable. The Euro hovered at the point of reversing giving some time
to get re-positioned.

From here, the dollar weakness has been reset to strength following through
on Powell's Wednesday words that they are convinced the US economy is
strong. Mario's actions confirm he believes Europe's to be weak. The
consequence of this is that we could well get some decent trends in the
likes of EURJPY and AUDUSD that was already the weak currency, etc.

That's for the next week or so. Today, Friday 15th, is profit taking day so far with
modest rallies across the board, so now is the time to look for rallies that might
give much better short entries.

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