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Hello everyone,
As anticipated, prices have broken above the short term resistance level:
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2 Comments
February 4th, 2010 at 1:07 am
Hi Chris,
Thanks for your daily update. l learnt a lot espcially in shaping myself to be more patience and be more selective in trading. Due to some constraints, l am not able to join the LTR. l would like to suggest the followings for you to consider:-
1. Is it possible for you to share your trading template (that will sort of reflect your trading style as well, hope l am right..:-)
2. All your modules are very good indeed. However, l hope you are able to share your trading success in term of (i) how you do the daily setting up… (ii) explain further certain terms and usage, like price action, fibo, etc…
3. Is it possible to cover other currency pairs in your discussion? For example, if you have spotted some trading opportunities in other pairs, just alert the members with some brief explanation. l think this will help the members to focus and put to practice & understanding better.
4. Inter-relationship between currency pairs… e.g. if EUR/USD is bearish, it is unlikely USD/CHF to be bearish as well.. am l right?
l hope you are able to accommodate the above suggestions… :-)
Toh
February 4th, 2010 at 2:00 am
Hi Toh,
You’ve got some good suggestions here.
1. Yes, I’ll do that in the coming weeks (I’ve been pretty busy lately but will prepare a webinar regarding this)
2. This will probably be covered in the webinar mentioned in 1.
3. This is a tough one, because a brief explanation (without elaboration) can be a dangerous thing – members may misinterpret what I’m saying… they will ask questions that I would be unable to answer completely (because they would be so many!) HOWEVER, we are considering our options to expose the more experienced members to more currency pairs – for example, members who have been with us for 3 months or more.
4. This is a little tricky. Sometimes the correlations hold, and sometimes they don’t. I generally treat each currency pair separately although I make it a point not to put on too large a trading lot size on each of the pairs that are known to correlate.
:-)
Thank you for your comments, we really appreciate you helping us make Pip Mavens a better place for all members.