…long title but it describes my morning ForexAM show today perfectly. I outline the details of my two recent EUR/USD trades as well as how I use the yen (versus the dollar and euro) to discover whether the Dow or the U.S. Dollar is the market driver.
And I also briefly discuss Directional Bias to show how I ruled out a 60-minute EUR/USD swing buy.
– Watch how a fade “fail” led me to a trend-following swing buy on the daily EUR/USD
– How by using the daily chart’s “overall” Directional Bias kept me from a 60-minute EUR/USD swing BUY!
– How I use the USD/JPY and a Dow Jones and U.S. Dollar chart overlay to discover what’s driving market psychology
I outline these ideas and strategies step-by-step. If you have any questions, feel free to leave them here on the blog.
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