August 20, 2015Daily Analysis

8/20 Analysis: Perfect Breakout Trade

Prior to the London open, we have a CHF (turquoise line) that has been strengthening for some time and the AUD (orange line) that has been weakening.

However, there is no steep line to the far right indicting current momentum so all of the conditions we look for are not met to enter a market order.

We would look to enter a pending order 10 pips below the current price.


This is the power of using pending orders. Once London opens, the market goes sideways for almost an hour before continuing the trend down. Once it moves the 10 pips below the open price, your order would trigger.

From that point, price moved 32 pips in your favor. The nice thing is if the trend didn’t continue and went up, your order would never be triggered and you would protect your capital

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.