July 10, 2015Daily Analysis

7/10 Analysis: Profit Target Hit in 5 Minutes

When we look at our indicator at the NY open, there are no real strong or weak currencies continuing with momentum. The market is flat.

This is often the case and we can’t make the market do anything. Our job as professional traders is to simply respond to the changing market conditions and wait for those favorable opportunities to develop.

My advice today on the NY open would be to do nothing, take no action.

However, if you waited about 15 minutes into the session, you would have seen this pattern on the indicator:

The EUR has moved into strength with a steep line indicating current momentum to the upside while the AUD which has been weak all session is now turning down with momentum.


From the time we see the momentum on the indicator, this pair goes up quickly by over 35 pips. If you were looking at a 20 pip profit target, you would have hit that within 5 minutes. After a short pullback, you can also see price continued up for an even bigger move.

Watch the entire video analysis here:

You can see that our Currency Strength Indicator is an effective tool for picking out the highest probability, lowest risk trade set ups while avoiding market conditions that aren’t favorable. If you keep using this tool every day along with our daily Forex analysis, you will increase your win rate and be on your way to becoming a profitable trader long term.

Share this article

  • Facebook
  • Google Plus
  • Twitter
  • Add to favorites
  • Email

Learn to Trade from Top Traders

Join the CCT community and get FREE, unlimited access to all of our trading resources from top hedge fund managers and pro Forex traders around the world.

Join Now
James Edward on youtubeJames Edward on googleJames Edward on facebook
James Edward
James Edward has been a successful Forex hedge fund manager & educator for over a decade. He founded Complete Currency Trader, a London based firm that has consistently trained individuals to become professional and profitable traders long term using the individual currency strength analysis methodology. CCT is an elite Forex educational firm and has a reputation second to none with over 90 positive reviews and an overall 4.538 out of 5 rating on the third party verification site Forex Peace Army. James’s affable personality, expert knowledge, notoriety for getting results, and steadfast dedication to his clients, has secured his position as one of the most trustworthy, liked, and in demand authorities in the industry.