Hey guys,
I am still on holiday so I was using demo charts for the analysis as I do not have access to my PC at home and my GFT charts. Apparently on the demo chart there was some bad data and the spike at 135.06 on the 22nd of December didn’t actually happen. So the line was in fact 134.70.
It’s no big deal though, we got lucky on that one. Even if you entered at 135.06 your 50 pip target would have been hit. Had you entered at 134.70 your target would have been hit too.
There is a lesson in this though. As I always say DO NOT blindly follow my analysis. Read the free e-Book and learn to trade my method on your own. My analysis should only be used as a guide to check against your own analysis. It is very important that you understand my method before trading it so please read the e-Book first. If you did your own analysis today you would have picked up on my mistake and got in at the right price. Keep that in mind guys.
To all of you who did your own analysis and entered at the right price….. GREAT JOB congratulations your well on your way to becoming a full time trader.
{ 1 comment… read it below or add one }
Could you please help me with which broker to use? According to online reviews, every broker is a crook and the same ones are great so I can’t decide.
(I want to follow your system and can start with about $1000).
Thanks!