Live: How to Profit from Cycles & FOMC – Forex Mentor Pro
Hi all,
This is the 3rd session where I show how catching market cycles, often as a contrarian, has made significant profits in the last 30 years. Ashley and I also went through the forex charts and showed you multiple setups on different pairs. But you have to make a plan this week before getting into a trade as you want to be clear on when to enter and when to exit, considering the amount of red flag news this week. Pierre has also warned about this in his post.
If you haven’t already watched, I urge you to go through the previous sessions, which will give you a good foundation, and you will understand the basics of investing in any market.
Especially this one, which is the culmination of my 30 years in financial markets in one session:
Successful Trading & Investing is All About Cycles
The second goes into detail as to how the herd react within cycles. Those who catch the bottom make the big money. The retail rookies who get sucked in at the top almost always are the losers:
Live: Psychology, Technical & Fundamentals to Conquer trading
As we cover in my other website, we have made extremely generous profits again from gold, silver, miners and crypto in the last 12 months. We are planning now how to continue to be profitable by buying dips AND other potential markets if there is a market crash.
In the event of stocks tumbling, I am looking now and have a plan to only buy after big pullbacks. By deciding now it takes the emotion out of the equation.
The same applies to forex, property, art, alcohol, classic cars, farmland- all worth investigating, and you can access all of this research for various investment methods on our website at Your Investing Future
I went through some of these different ideas in the webinar, but like I said it is not financial advice and you need to research and dig in deeper before putting your money in anything. Below are some articles I shared regarding the recession and also how to buy property if you want to flip to make a profit, and also the UK government ISA scheme where you can make 25% profit on certain conditions.
Clues if a recession is imminent: Investopedia shows causes and effects
Excellent program How to buy Property at Auction (applies to most countries)
Are you eligible 25% Profit from UK government
I said in the webinar most of the red flag news that you see every week is mostly related to the three things as below
GROWTH, INFLATION, INTEREST RATE.
The banks pay close attention to these figures and adjust their monetary policies accordingly. The US job data has been weak for last few months now, hence why the FED looking to cut the interest rates this month( tomorrow!). The question is, by how much? 25 or 50? This is very important as it will set the tone for the $ for the rest of the year and also other asset classes such as crypto, stocks and metals.
Check out the GOLD set-up that Ashley shared yesterday, which has a 600 pip potential.
I suggest not opening any trades a few hours before FOMC. I will mainly focus on the big areas on the weekly and Daily timeframes and with at least twice the daily range distance to my entry from its current entry price. I’m also looking at where the price is probably going to stop if the market overreacts. The more confluences you have, the better the set-up.
Ashley then shared some of his M2 setups using his own techniques with slightly different entry styles. Watch the video till the end as he shared some very good trades that could be also lining up for next week. He then went on to share the E&S setups. He also warned there are many correlated pairs so make sure to pick one out of each group and see which one looks the best to trade this week considering the news.
You can watch the full webinar below:
Kind regards,
Marc
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