July 14, 2015Daily Analysis

7/14 Analysis: 3 Profitable Trades at NY Open

At the NY open, we have a strong CAD (green line) but it’s currently turning down and a weak AUD (orange line) that is currently turning up. Therefore, we don’t have favorable conditions for a trade at this point in time.

Perhaps you could place a pending stop order 10 pips below the market and see if it will be triggered.

If we fast forward a few seconds into the market, we will see another pattern emerging on the indicator:

Now we have a strong NZD (purple line) with a steep line up indicating current momentum along with the USD and GBP on the weak side with steep lines down.

  • GBP/NZD SELL

071415 NY Trade1Result

From the time we see this momentum on the indicator just seconds into the NY session, the move was 129 pips down.

When you watch the entire video analysis, I will show you 2 more profitable trades during today’s NY session:

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.

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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.