Commentary - Members Making 300+ Pips With USD/CAD pair, Nov 8, 2006

FOREXMENTOR DAILY AM REVIEW SAMPLER
(complimentary 6-month subscription with course purchase, a $199 value, limited time offer)

November 8, 2006

Commentary - Members Making 300+ Pips With USD/CAD pair.

November 8, 2006
From The Trading Desk of Peter Bain:

Referencing the pound today, COT sees the Big Dogs as being net short this currency. Well before the London open, the 1 hour MACD was signaling bearishness (it being below its trigger line, and heading down towards the waterline), and the 15 minute chart was showing signs of a downtrend continuation pattern in the works. And, of course, that pattern came to fruition after the London open. One of the things to look for when you suspect that a downtrend continuation pattern might take place is to watch the behavior of MACD on the 15 minute chart. There, you will see it neutralize back up to the waterline – in this case – all the while price slithers sideways in a price equilibrium (or consolidation) pattern.

Once MACD has neutralized at the waterline, this then sets the stage for further price weakness, and MACD heads south accordingly. We have a module in the library at ForexMentor.com that addresses the various price patterns you will encounter when you are trading the forex. See you there – and at the top and at the bank! Ka-ching!

-Peter
forexmentor.com

See More Recent AM Review Video Samples

(Note: Turn up the volume on your PC)

FOREXMENTOR DAILY AM REVIEW Sampler List

6 months of AM REVIEW mentorship included with your homestudy course.

Amy Parks of Seattle, WA: "Hi Peter- The AM Reviews are amazing. I feel like it’s Christmas every time I watch one. When I bought your course, I had no idea that the most valuable part of it would be the ongoing support and community you provide with the AM Reviews. I am grateful to you and to the many experienced traders who are sharing their wisdom. With your techniques I am gaining a level of confidence I have never experienced before. Thank you!!"

Jeff Adams of Riverside, Missouri offers praise: "Your course is awesome, I've learned more in 2 weeks than in the last 4 years. Your AM reviews are PRICELESS, what I learn everyday from watching them is amazing. Thank you all so very much for your hard, hard work. Please thank Peter also for what he is doing for all of us. You just can't put a price on how much you all are helping me. I now KNOW without a shadow of a doubt that I CAN NOW trade profitably, what a relief. Thank you again & God Bless you all."

Tom Schwartz from Scottsdale, AZ: "I just wanted to tell you how pleased I am after finding your course and AM Review. I have been trading the Forex market for almost two years. After foolishly spending thousands in my first year trying to learn how to trade currencies. I found your material, and now my trading has improved ten fold since ordering your material and listening to the AM Review on a daily basis. Your system has changed my trading from consistently loosing to consistently winning in a short period of time... Your program is an exceptional value and learning experience. Please keep up the good work. Thanks"

John Keech wrote: "I think the AM Reviews are excellent and it IS like having your own personal mentor. I only wish I'd known about you a few years back before I invested too much time (and dollars) in other derivatives. You're very easy to listen to and your information is presented in an excellent way in the AM reviews. Many thanks, John."

Sam Barklie from Northern Ireland wrote: "Peter, Every day I seem to learn something new from the AM Reviews that I add to my toolbox.."