Trading Edges That Last
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"How much money will I make trading Forex?" is the question I am going to answer in this article. I have posted another article, Position Sizing For Forex Traders ...READ MORELawrence's Comment Recap First weekly higher low in place. 1.30 acted as support. And they found an excuse to clear 1.32. Closed the week printing 4 week highest high and above Y+1. Outlook Bullish ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MORELawrence's Comment Recap Equal distance consolidation off open of the week. 1-2-3 buy off round # 0.745 sent Aussie back up to Y-0 / round # 0.760. Closed the week below Y-0 ...READ MORELawrence's Comment Recap Euro tried to hold Y-1 but failed to clear 1.13 and eventually failed to hold above 1.12. Tight range consolidation. Closed the week near Y-1 and below midpoint. ...READ MORELawrence's Comment Recap Flushed down to Y-2 and found support. Gapped higher to test Y-1 and stalled. Swinged around Y-1 while waiting for NFP. NFP Friday open held the open gap below ...READ MORE3DP Odds Table (AUDUSD) 2022-03-21Weekly Cycle Projection (AUDUSD) 2020-06-29Day Trading Income Potential For Forex Traders andEURUSD Jan 14 to Jan 18 OutlookPrecog Vision – Forex 2020-8-3AUDUSD Sep 05 to Sep 09 Outlook3DP Odds Table (AUDUSD) 2012-01-10EURUSD Sep 07 to Sep 11 OutlookS&P 500 Oct 05 to Oct 09 OutlookHot n Cold (AUDUSD) 2012-10-24
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AUDUSD Feb 07 to Feb 11 Outlook
Lawrence’s Comments
After 3 weeks of consolidation, finally a breakout from tight range. 200% expansion target (Y+3) reached and stalled from there. Closed the week above week midpoint.
Outlook
The upmove was a controlled one, thus a retest of Y+1 and B-0 is needed to confirm the strength of this rally. If that zone acts as support, a retest of B+1 is very likely.
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