Intraday Forex Trading Opportunities Using Equities

Wednesday, Mar 28, 2012

 

Good Evening,

I am about to start the Q1 2012 Review webinar. Here is the link: https://www1.gotomeeting.com/register/712406809

I wanted to post a quick chart/trade that I talked about on IBFX Connect: https://www1.gotomeeting.com/register/712406809 under "thelocalstake"

Past performance is not indicative of future results

Past performance is not indicative of future results

You can see how the GBP lost a lot of strength against the USD early this morning as European markets opened lower and closed even lower as the US equity markets opened and then went south. And then, just like we have seen in the past, the US equity market solidified and gained an underlying bid, closing well off its lows of the day. The GBP/USD followed suit and bounced and closed today's action well off its lows.

These inter-market relationships are at play (sometimes) and they lead to trading opportunities such as the DOUBLE FALL LINE TRADE that you see here.

These are the relationhips I will be describing in tonight's webinar and relationships I talk about intraday on the connect.

Hopefully you are using these relationships to build trading plans with solid reasons for entry, exit areas for a loss based on the charts and your fundamental and technical analysis, exit areas for a profit. Finally, you must plan on managing the trade from beginning to end as even if it is a short term intraday trade, speakers speak, the world political and/or economic situation could throw us a curveball, etc...

You must be prepared to react quickly to manage or exit the trade if things change, that is why we will pay close attention to the fundamental factors affecting the markets during tonights webinar.

Happy Trading and Be Environmentally Cool

Coach Brian

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.