Daily FX Training | Learn Forex with the Dynamic Traders: Euro Dollar Fights The Trend

Welcome to another week of trading dynamic traders.

What a day yesterday with the news out from the banking sector the FTSE dropped 250 points at one stage. I have said from the beginning of the year despite the bullish talk from the Fed that we are heading into a recession and the Indices proved that fact a few months ago. Since March this year more than 1200 points have been wiped off the FTSE 100. The S&P lost over 50 points yesterday and 250 points since May this year. With more jobs being lost in the financial sector as you read this forex blog we can expect more losses as time passes. Both the FTSE and S&P charts are below.

The Euro has started to fight back but right now from discretionary traders it is not a good time for long entries. Our system trade on the other hand has given us 2 long entries and 1 short entry since Monday on the Euro Dollar with almost 300 pips profit and less than 10 hours of trading.

For discretionary traders you can read how well our Double Deviation strategy has done on Anne's forex blog.