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Anthony Steven
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Anthony Steven   My Press Releases

Week 1 August 2017 Forex Wealth Made Easy

Published on 7/30/2017
For additional information  Click Here

Wk 1 August 2017 Forex Wealth Made Easy

How Free News Associate Affluence Asset

Weekly Forex Overview

On Monday 31 week 1 August 2017 at 0700 AM hour GMT, which is 1200 AM hour EST, entries to be executed are as tabulated below. Note, we will continue adding to unfavourable positions every 300 points move against previous entry. Profit target for currency pair with more than one open position is calculated using the 50% retracement rule.

 

Sell Pairs

Micro Lots

Primary Entry

Opposite Entry

Profit Target

Status

EUR/USD

1

11775

11850 buy

11475

Open or Pending

EUR/JPY

1

13075

13150 buy

12775

Open or Pending

EUR/GBP

1

8975

9050 buy

8675

Open or Pending

NZD/JPY

1

9375

9450 buy

9075

Open or Pending

NZD/USD

1

7575

7650 buy

7275

Open or Pending

NZD/CAD

1

9375

9450 buy

9075

Open or Pending

NZD/CHF

1

7275

7350 buy

69755

Open or Pending

AUD/USD

1

8075

8150 buy

7775

Open or Pending

CAD/JPY

1

8975

9050 buy

8675

Open or Pending

USD/JPY

1

11075

11150 buy

10775

Open or Pending

 

Buy Pairs

Micro Lots

Primary Entry

Opposite Entry

Profit Target

Status

GBP/AUD

1

16425

16350 sell

16725

Open or Pending

GBP/CHF

1

12725

12650 sell

13025

Open or Pending

GBP/CAD

1

16325

16250 sell

16625

Open or Pending

GBP/NZD

1

17425

17350 sell

17775

Open or Pending

GBP/USD

1

13125

13050 sell

13425

Open or Pending

GBP/JPY

1

14525

14450 sell

14825

Open or Pending

AUD/JPY

1

8825

8750 sell

9125

Open or Pending

USD/CAD

1

12525

12450 sell

12825

Open or Pending

USD/CHF

1

9625

9550 sell

9925

Open or Pending

CAD/CHF

1

7725

7650 sell

8025

Open or Pending

 

Lot sizes for when the market move against your primary entry are 1, 3, 5, 10, 20, 30, 40, 50, 60, 70, 80, 90, 100, 110, 120, 130, 140, 150, 160, 170, 180,190, and 200. Lot sizes are applied every 300 points move against the previous entry.

 Note, we will continue adding to unfavourable positions every 300 points move against previous entry. Profit target for currency pair with more than one open position is calculated using the 50% retracement rule.

Forex Marker Commentary

The theory of buy low sell high and sell high buy low has been in existence since the beginning of time. Apply the simple tested philosophy of what happened in the market yesterday may happen today; that is if yesterday daily bar was bullish, buy today, and what happened today perhaps will happen tomorrow; that is if today daily bar is bearish, sell tomorrow to gain firsthand experience for yourself.

 

In order to eliminate false moves and most noises made in the financial market, add Heikin-Ashi indicator to a daily time frame candle stick or bar chart. If at the end of current day trading session a bearish candle stick is identified; sell on the opening price of the next day’s candle stick. If at the end of current day trading session a bullish candle stick is identified; buy on the opening price of the next day’s candle stick.

 

Target 300 pips profit, no stop losses; but execute an opposing trade at 75 pips. Repeat unfavourable entries every 300 pips with a 50% retracement profit target for all open positions in the same currency pair. One micro lot buy entry will activate one micro lot sell entry at primary buy entry minus 75 pips. One micro lot sell entry will activate one micro lot buy entry at primary sell entry plus 75 pips.

 

If the primary entry, plus or minus 75 pips is not activated, take profit at primary entry plus 300 pips if it is a buy. If it is a sell, take profit at primary entry minus 300 pips. Trade only two currency pairs with small accounts, and twenty pairs with large portfolio accounts. Lot size must be calculated based on portfolio capital face value; and you must only trade with a micro lot account.

 

You are free to syndicate any of my press releases.

 

Written by Anthony Steven

Syndicated By EdwinBest

To wealth and your success

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