…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
and
– 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.
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.
