8/24 Analysis: Clueless Crowd VS Pro Traders
Today, I want to show you the difference between the clueless crowd and professional traders.
When we see this big move on the USD/JPY, the forums and news sites were buzzing about how the USD was getting crushed.
But, if we look at our indicator…
You will see that the USD didn’t move at all. The market was responding to worries about China which made the Asian currencies move (JPY, AUD and NZD).
You wouldn’t know this if you only look at the market in pairs. You need to look at the individual currencies to really see what is going on.
This is also why you should ignore forums that are comprised mostly of amateurs who don’t know what they are talking about.
You can watch the entire video analysis below and I’ll show you proof that the USD didn’t move during all of this:
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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