Forexmentor Student Nails USD/JPY
Find out how Ben made an easy 18 pips with the USD/JPY pair Thursday, December 4. He used nothing other than the tools I teach at Forexmentor.com - top-down analysis, trendline analysis, multi-chart analysis and reinforcement from MACD. He threw in the Guppy system as an added bonus to help him visualize the trend.
On Tuesday, he noticed a huge drop down, and then some choppy channeling on the hourly chart. He was waiting for indications of leg 2 down, but instead saw the pair begin to just trend down - as suggested by the EMAs and the mild channel breakout. So, why not sell a rally in a downtrend, he thought?! He got in with a 25-pip stop, and set a limit at a conservative 18 pips, as he could not be near his trade station as the trade was unfolding (late into the night). He could have made a whole lot more, but +18 is better than “-” any!
Ben is just one of many of our students who are learning to pull the trigger at the absolute right moment. You too can do this with the education, mentoring and support we provide at Forexmentor.com.
Here’s to your success, and have a great day!
Peter Bain
forexmentor.com
