Hi, we can wait weeks sometimes for traders to line up & then (of course,\u00a0everything then arrives at once!).<\/p>\n
There are\u00a0loads of potential trades<\/strong> arriving now from both weekly & intraday analysis. In fact there are probably TOO MANY! The $USA has had a steady drip, drip of positive news in recent weeks. That combined with the continuing saga of the Euros woes has seen some big $USA gains across all pairs. So how do we play this?<\/p>\n Cautiously is the answer<\/strong>. Everything looks so obvious now that there is a temptation to dive in and take lots of trades & there is the possibility that most could work, HOWEVER as we are cool, dispassionate, cold hearted forex professionals we are not going to be enticed by this forex temptress!<\/p>\n There is always the chance after such big moves that the $ could simply reverse back down again.<\/p>\n The best way to play this is only be in one trade for or against the $US at any one time OR if you take a number of trades in the same direction make sure that the trades combined do not exceed you usual risk limits.<\/p>\n For example I never risk more than 3% in total for my open trades. Therefore if I decided to short the Gbp\/$, Euro\/$ & $\/Aud then I would only be able to risk 1% per trade.<\/p>\n Of course, once a trade has moved the stop to entry or locked in profit we CAN then open another trade even on a correlated pair.<\/p>\n Please watch the video below for my analysis for the week ahead.<\/p>\n \n \n \n