WARNING: This text is a word-for-word transcription of Mac’s daily forex trading video. That means the writing will reflect the way he speaks, if anything seems out of place, please refer to the forex video on the page.
All right, everyone. Well, I’m not quite sure what happened to my last recording, but here we go for try number two.
That’s probably a little bit better. I had an absolutely whirlwind weekend. I was in Alabama late last week, and then flew into San Diego to meet with my partners over at the Triad Formula. And I’ve got to tell you, I’ve been lurking and watching Jason for actually over a year now. And I was sitting there with Ryan, and we were reminiscing about how we first got together in February of last year, out in Los Angeles which is funny because he lives in Texas and I live in Arizona. Anyway, so we got together, and we talked about Triad. My whole purpose in trying to set out and find somebody who had a trading style that was similar enough to mine and that I would be able to help support the course has been successful.
And a lot of this is because we’ve had traders, especially over the last year, talking about how they want more swing trading types of strategies. And so, that’s really Jason’s specialty the whole swing trading mentality, the whole swing trading methodology. He’s got some great software that he uses to help in that endeavor.
And so, I don’t know if I’m going to talk about this so much in emails and what not, but I definitely want you to be able to access this. So, what I’m going to be doing, in particular, with Triad is if you want to check out Jason’s course it’s going to go live on Wednesday then I want you to have my ultimate backing, which is, I think, a ‘double your money back’ guarantee.
So, if you decide to check it out, I’ll get all the details in the next couple of days. But, I’m going to be offering a ‘double money back’ guarantee, because I don’t want you to think that there’s any sort of risk in it. Jason’s stuff absolutely works.
If I were going to create a course, if I had the time to create a course, it would look like Jason’s, which is absolutely phenomenal because it means that in the future webinars that we do, we’re talking about also doing a conference in June of this year. It’s going to be something that fits in very well with what I am already doing. So, it’s a phenomenal thing. Be on the look out for that. We’ll have it up on the website. We’ll have it up in the member’s area, most likely.
Now, the British pound has really been trading sideways. It’s coiling. I think there’s going to be huge potential here; we just need to make sure we’re waiting for it. And so, keep in mind, if you are looking to go long above 4694, that there is some heavy resistance here. The reason why I call it heavy is we have three tops that were unable to penetrate higher. And so, if you do get a break above 4694, watch out for the resistance pushing the market back down.
Also, we’re right in the middle of this overall range, here to here, almost the middle. Anyway, we’re in the middle of a range and the market isn’t going anywhere. We’ve got compression building here as the buyers come in at higher prices, and we’re starting to develop lower highs. So, the sellers are coming in at lower prices. All of that points to, again, a huge potential move; you just have to be aware of what’s going on.
So, if you’re looking to get in below 4597, you’ve got to be aware of support at 4565, 4526, and so on. Counter trend trading is still the mode for the foreseeable future. I’m not really anticipating any big breakouts. We’ve got to clear this resistance above and support below.
Comments on this entry are closed.