Welcome to another live trading session. Today, we went over our four profitable trades that were analyzed and entered during yesterday’s live session. We were able to accumulate +220 pips and counting from these trades.
The week started off very somber, but within a blink of an eye, the markets have woken up. The long-awaited ECB Press Conference did not disappoint. The European Central Bank decided to keep their interest rates the same but did suggest their manufacturing sector has become a ‘drag’. This was great news for us, as our EURJPY and EURUSD short trades began to freefall in light of this news. We do expect further downside for both trades, more so for EURUSD, and we have explained to all of our members what rules need to be met before entering again.
Our analysis for USDJPY and Crude Oil (WTI) has also come to life as both trades are currently up +85 pips with the potential to make more. As always, all analysis done during the live session is thoroughly explained to give members a clear idea of what to look for when they start trading independently.
The chaos is not over just yet. In roughly, 12 hours from now we will have a slew of European manufacturing data being released. This data will then be followed by manufacturing data for the United Kingdom and sales data for Canada. Mind you, all of this occurs during a span of eight hours. Therefore, it might be wise to move your stops to break even before this all starts during the London session. We will discuss the numbers and what they mean during our live session tomorrow. As always, be safe and trade responsibly.
Check Out Yesterday’s Blog Post: January 22th, 2020
