Marc Walton on June 12, 2013
Hi, I explained in Sundays video that there was a strong possibility
that the weak data out of China on Sunday could cause a “gap” in price
with the Aud at market open. Gypsy Rose Lee (Walton) 
tea leaves were spookily accurate as price “gapped” by almost 100 pips
at the market open and stopped at a predictable area. Price stopped at a
whole number and previous lows. I show in the video why I took the
trade. Where I placed my stop and why. How I managed the trade to reduce
my risk and my target.I posted in the forum that this trade had set up so even if you weren’t trading it, you had the opportunity to study it for yourself. The forum is where you can find more up to the minute analysis and advice. USE IT!
If you would like to see more information about my gap trading strategy here is a link to a previous post: Marc’s Gap Trading Strategy
I was also looking to short the $/Yen at 98.60 and explained I was going to wait until the Japanese news to come out. It came out better than expected which supported my theory of a short so I placed the trade. I show in the video where I placed the stop and how I managed this trade which eventually tumbled 300 pips in profit. I “only” caught 130 pips as I was taken out with a trailing stop on the balance, but job done for the week by Tuesday morning from a plan made on Sunday!
I wish I had stopped there and then as I am currently losing on a Euro/Gbp trade
but I am studying a swing trading strategy with a friend at the moment
which means a short on the Euro/$ this morning is “hedging” the
Euro/Gbp so all is not lost!New members please note: If I am looking to take a trade long, at for example 1.5000 , I place my order 10 pips above & 10 pips below for a short. This is because price often does not quite reach a major line and you need to allow for spreads.
We are NOT a “tipping service” our aim is to teach you how to trade for yourself. For more up to the minute updates do not forget to drop by the forum
Pierre, Vassilis (Capsmart), Raa, Omar, Mary, and other experienced members will be available in the forum to give you a more up to the minute assessment & whether they see any potential trades lining up in the next few days. Many members tell me this is the best forex forum there is (no back biting & bitchiness, nor spam, that spoils most forums) and all members are happy to help new visitors. Its a great resource, USE IT: Forex Forum