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. It has been a whirlwind last couple of days. If you’ve missed the live events that we’ve held over the last week or so, you really did miss out on some very special sessions. We were using a new technology ‑ and I’ll have to get with my guys to see if they were even recorded. I know I wasn’t recording, and I don’t think James was. But I’ll have to check and see if the software itself recorded, and I really, unfortunately, don’t think that it did.
In the meantime, I want to share with you some of the comments that we’ve been getting from these free sessions. This first one is from Jacques Jacloski, and he says, “I installed your software last night and made three trades, two that made tons of money. I used the signal” ‑ part of the Insider Code 2.0 software is that it does signal potential trades. He says, “Wow, money in my pocket. It really works. Thank Mac and your team for a winner.” Jacques, congratulations. It’s awesome to see and hear that people are using the software and getting some value out of it.
Then we have Tanya who says, “I guess the best advice I can give you is to listen very closely. Everything Mac said about money management and the psychological aspects of trading and mistakes rookies make is all very true, even though I knew I still made them. But I’m blessed that I had the opportunity to learn Forex from Mac, because if I hadn’t I would have wasted a lot of time blaming everything and everybody else instead of noticing what I’m doing. I would have quit a long time ago. Mac and his staff want you to get through it and do all they can to help you. I love Forex trading, and if you’re serious about it and ready to learn, then you are the right place. As far as the Butler, it is like having Mac’s brain in your computer. Amazing stuff. Wishing you all the best, Tanya.” Thank you very much.
Then Anne, who is a long‑time client, writes, “I purchased the original Insider Code one and a half years ago.” Anne, thank you for putting up with me for all that time. “Although I could see the value in the information, could never quite make myself sit down and get the screen time. I realize now that the key is discipline, constant learning, and continual self evaluation. Thanks to you guys, for the first time I feel like I am really getting it. The Deal Butler is just icing on the cake, taking care of the details so we can put our focus on these key issues. Your commitment to helping us newbies succeed is commendable, and I especially appreciate James opening his heart and sharing his difficult past with us. You are an inspiration. I’m grateful and honored to have you as a mentor. For the first time since my initial introduction to Forex, I’m optimistic that I can make this work for me.”
Anne, you know what? Again, thank you so much for sticking it out and sticking with me and all my craziness over the last year and a half. You know, you really hit the nail on the head. The goal of this software is to give you the opportunity to focus on what matters. I mean, if we can offload most of the work, the grunt work, onto the computer, all the better.
Let me run through a few more of these, and we’ll get to the recap. This is obviously a screen name. Teensy826 says, “After two years of following you, Mac, I finally truly get it now. You really simply and only want your crew to be successful. You demonstrate this is your generous and over‑the‑top offering of your talent, time, and resources. It’s hard for most to comprehend. We’ve been jilted so often by others’ empty promises. I’d like all the newbies to know that.” He says, “IMHO, in my humble opinion, Mac is a real gem, the genuine article.” Well, Teensy826, thank you. Thank you for your kind words. I really appreciate that.
Finally Ron Lamont writes, “Hi there. I’m so impressed. It’s all about mindset. If you train your brain to think different rather than your emotions take over, sky is the limit. I was trying to get that spark for more than two years. Thank you for showing me the way. You gentlemen bring a new way of thinking. It’s like changing religion. Thank you for the guidance.”
You know, these ‑ afraid that I need these types of comments. Trading can be such a solitary event, especially for someone like me speaking into a microphone and hoping somebody out there is listening. And hopefully ‑ I’m hoping, always hoping and praying that I’m making a positive impact on your life and on your finances. I mean, listen: I know that you are looking for help and guidance in a big, sometimes scary world of finance. I don’t care what profession you are. I’ve had very candid conversations with top heart surgeons, top people in their field: engineers, dentists, car salesmen, carpenters, teachers. I mean, these top‑notch folks that are simply trying to learn what works.
As I’ve said before, I’m not here to try and give you a holy grail. I’m not trying to promise you that ‑ and I say this in The Insider Code, disc number one: this may not be easy, but it is simple. Ultimately, this trading software is designed to make the process of trading, the analysis and the bulk of what I’ve got in the kit, as easy as possible and as simple as possible so that you can focus on the things that matter.
So I hope you’ve had a chance to evaluate the software again. If you gave us a shot earlier in the year, I guess last year about this time. hopefully you gave us a shot again. We’ve made vast improvements on the software. In fact, right now I’ve got another programmer making even more improvements which, of course, if you purchased the first time around or you decide to purchase the Forex Deal Butler program this time around, you’ll get all those updates included.
But I am constantly striving to improve the software to make your trading as easy and as thought free as possible. Because truly, folks, what we need to focus on as people is not all the squiggly line stuff, you know, all the things that we see here on the chart, the lines, and where this is, and where that is. Truly, those things are important, but ultimately, if we can free our minds up from looking at that stuff, we can spend quality time on what matters.
That’s the mental game, our personal game. All of the stuff that when we put it together with this, the lines and the squiggly stuff and this price breaking through and “Oh, where’s my stop, and how much should I risk?” When we’ve got all that stuff that we have to think about, things can frankly get overwhelming.
So let’s talk about what happened today. This ‑ let’s see, this is back onto the fourth, so here’s the non‑foreign payroll day. You can see the Pound took a tumble and then, coming into Sunday, made a bit of a move back to the upside. In the weekly wrap, I talked about the reason why we leave our support line where it is here, and you can see ‑ because the Deal Butler kept this line in place ‑ you can instantly see that what was once support is now resistance.
If you were trading late Sunday or early Monday morning, today, then there was a good opportunity to trade aggressively up here. That’s selling against this prior resistance which goes all the way back here. But then, of course, there was the break below the low here which came in right after the non‑foreign payroll. Remember, if price was up here and the markets sold it off down here, if they can’t get it going to the upside ‑ in other words, if the market can’t push higher ‑ odds are it’s going to go lower.
Of course the market found some support right here about the 6340 level before finally popping up. Overall, it was a fairly quiet session. I mean, there was this one opportunity in the morning, and then coming late, late in the New York session there was a potential move here. But again, if you weren’t monitoring the marketplace, you might have missed some of this.
So let’s talk about what we can do to capitalize on, possibly, what is going to be going on tomorrow. First of all, you’ve got to recognize support has now moved down. When the market moved up here, it didn’t quite move up enough to trigger the support moving down. So even though the market moved down, our support line didn’t move until right here. So we got the market dipping down a little bit and now moving up.
So, what does this mean? What it means is we’ve got to watch these lows back here for our short position. That means we don’t look for a short until price gets below, if it can, the low here, which is right about 6313. What I’m hoping is we can get some form of pennant or flag pattern forming over here.
We’ll have a long trade above 6843, but you’ve got to remember, we’ve got this old resistance area here, old resistance area here just above the breakout level. So more than likely, if something does get going, it’s going to be a big short‑lived and not quite as dramatic as these down moves. In other words, I’d expect the market to make a dramatic move down before I would expect it to make a dramatic move to the upside.
So, watch those two prices for some possible trading activity coming in for tomorrow, Tuesday. I believe it’s going to be ‑ let’s check my watch ‑ December 8th.
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