Thanks James to share this Bank trading Method with us. It is really helpful for new traders and me as well.
Hi there Haley
Good i am glad you like it if you have any questions dont hesitate to ask or join our trading group
Regards
James
Hey James:
Jim P. here. I was able to listen briefly this morning ( morning for me at least ) before I left for work and found everything to be very insighful. I have been reading the skype conversations to get what I can regarding the methodology, but the live sessions are definately way better. Due to time difference it is difficult for me to participate in the live sessions. Would it be possible to record the sessions somehow? Appreciate the time.
I agree record them and put them on the first page. I would like to catch you live one time but same thing time restricts me
Hi There Jim
I will see what i can do and nice to see you in the room leave it with me for a couple adays
Regards
James
Hi there james here
Here is a [B]49 pip trade from today in the Euro
[/B]
See you all tomorrow for the review
Regards
Hi there James here
[U][B]Forex Daily Review[/B][/U]
Bias: DOWN
GBP/USD
Today I am looking for the pound to make 1 last move to the downside I would like to see the pound pull back to 15520 area then make a move south to a target of 15486 and a 2[SUP]nd[/SUP] target of 15460
Will watch the London open for the move up first to happen, between 7.-11 o’clock GMT the moves have been happening later over the last few days because of consolidation
So this is my bias for the moment
Regards
James
Hi there James here
Trade did happen early today so i nice 45/50 pip trade this morning depending on entry level
see trade below
Hope this helps
Regards
James
Hmm, welcome back James. Period.
Hi there
Here is a 2nd trade we took in the room today and as i am writing this we are still in the trade
see below
Green line is entry and the red is the profit target
TARGET just hit see below
Total pips for today = 87
Regards
James
Look about right?
So looking at this weeks price action on the hourly would this appear to be accurate? Consolidation and order accumulation leading into Tuesday followed by the banks three pushes to the downside? Friday we can expect more consolidation and a possible retracement from profit taking and continued order accumulation?
Hi there Sx
I cant see the pair if its the euro then it looks correct and yes the euro could move to the up side but the banks may hold the pair back again today until next week so the pound can catch up, the pound would be a better pair to trade today.
Thats my view at the moment.
But yes you are correct and thanks for the post, see you in the live room later
Regards
James
Hi Good morning all
Today i am looking at the GBP/USD in my [B]FOREX DAILY REVIEW[/B] and my bias is to the downside still at the moment i would want to see a pull back to the 15455/70 area (but like yesterday it may go early) then a move down 15390 then a possible 2nd target of 15370
Regards
James
Hoping to get a topping formation?
Hi there James
Well this trade did not work out i didn’t take the trade as i was in the live room doing training so just as well
The reason it did not work out is that the weekly cycle had finished and we were in consolidation for the past few days by bias was to the downside as the pound needed to make 1 last move down to catch up with the euro. This didn’t happen and price went the other way proberly due to a leak or rumor that there was a problem with jp morgan in the late morning regarding there trader scandal and confirmed in the afternoon it was double the amount Initially thought, so we will wait until monday to see if the cycle does change.
Have a good weekend
Regards
James
[B][U]FREE LIVE TRAINING SESSIONS AVAILIBLE:
What’s Covered
[/U][/B][B]
How to spot when the banks are making there move and taking positions.
How to enter trades at the right time to give maximum profit.
How to set profit targets.
How to spot the tricks the banks do, but don’t want you to no.[/B][B]
How the banks trade Cycles and Levels and how to count them.
How to spot what direction you should be trading for the week.
[/B][B]How to spot the high and low of the day being set.
[/B][B]How to spot what times of the day are the best to trade.[/B]
[B][U]
MONDAY’S AND TUESDAY’S
9.00-11.00 AM NEW YORK TIME / 14.00-16.00PM GMT[/U][/B]
[B][U]Register at SKYPE ID: forextraderukgroup
Regards
James
[/U][/B]
Hi James,
- How many trading days per month you are able to reach 40-70 pips per day?
- What are your trading hours?
Thanks!
Michel
I really wish you would spell the word ‘know’ with a K and a W instead of just ‘no’ . Is that something peculiar to the British? like Colour instead of color?
Hi there 993
Thank you for your question
I never worked it out i look for 1-2 trades per day eg. the euro moves AVE say 80 pips a day between london open and US open i try to catch most of the move and that can vary each day i have never sat down and worked it out but may be 12 out of 20 days, and i trade around 6 hours per day.
Regards
James
Atrocious spelling & grammar is quite common throughout trading forums.
Just look around here at how often lose is consistently misspelt as loose & you’re is incorrectly written up as your.
Makes you wonder how these folks made it past the c.v submission stage of their basic interview process.