Join the James Dicks Financial Network’s senior traders as they give a detailed report of the day’s market activity as well as upcoming events and possible reactions.

Were looking for dollar bulls to give up tonight and allow the dollar continue its slide. We are confident that the next 24 hours may be the push weve been looking for. Yesterdays comments out of Fitch Ratings in regards to the UK possibly being the first to lose their AAA sovereign rating sent the British Pound tumbling almost 200 points. The euro has been able to maintain 1.4980 and we are expecting both pairs to make new recent highs in the next 72 hours. As we mentioned yesterday, there is still much risk in the market so trade with caution. Bias is for further dollar losses. If youd like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the members area.

EUR/USD pair for the 29th of October, 2007

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I call this “Stomper Bot” because tomorrow there will be a special trading robot released that will probably make all other trading robots obsolete. This trading robot has traded $115,000 in 52 different accounts just to prove that it can walk the walk. Talk about proof, this thing removes all doubt. Anyway, you can get a preview of how this thing works before the release tomorrow if you go here:

This new trading robot (Forex Legend) is different because it performs perfectly in ALL market conditions. It’s been specifically programmed with patented new technology to achieve this. You don’t need to worry about this only working for a few months. See it…I don’t think I have ever seen a trading robot that has had so much proof behind it. You can see that proof and watch the video here:

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Get this 1 Minute Forex Trading System FREE that makes money instantly anytime you want and can be even used by a person who has never traded forex before. Learn this pwoerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Give 30 days RISK FREE trial to James de Wet’s Forex Science Live Trading and keep all the bonus systems FREE even if you end the trial after 30 days. Chris: Please don’t forget to keep telling me your trading stories. I am able to then share more stories like the one below,and we all get to learn from our collective experience.

“Hi Chris,
Thanks for this I found it really interesting as although I’m not going to take up your great offer it re enforced to me exactly how I trade FX 10- 20 pips targets per day 5 lots at a time I’m in most trades for no more than 20 minutes, which has and is producing really well for me and I average around 400 pips a month total working for a couple of hours a day, this concept is exactly how I view the markets, get in get out enjoy your life.

So if it isn’t broke don’t fix it.

I spent a good couple of years trying to be in everything checking the markets all the time feeling like I missed out etc. now it’s great I’m in and out banked and done, the reason for the email is that I hope more Forex traders adopt this philosophy and stop doing like I did trying to chase every pip going it’s not good for your health! And also invariably it just fills your broker’s coffers not yours!

Keep up the good work and thanks for the updates.
Regards
Martin.

That’s what I like to hear, an independent trader who has got a plan…

To read the rest of this reply and my summary or what you need to remember at all times, go to my blog post .There is also a video below this post where James also shares some very good insights. Ok, maybe you missed my suggestion that you try out James’s free trial period before going live yourself. One of the most difficult aspects of trading to master is the transition from demo to live trading. Other then The-Traders-Mindset, this is the next real challenge you face.

Well I have just sat in on one of his live trading sessions and this is really an important step on your journey to building confidence as a successful trader. If you haven’t already done so, then make sure you give it a go… Those guys have made some seriously good money recently. Do yourself a favour and at least just pop your head in and have a look, it’s really fun watching them trading live.

www.swankymarkets.com Forex Outlook 21 June 2010 P2

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Download this 1 Minute Forex Trading System FREE. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Discover Barry’s With All Odds Forex Trading System! If you are looking for a 100% successful forex trading system than read on. The problem with most successful forex trading systems is that they use a huge stop loss or even no stop at all. Now, why someone would want to trade with a huge stop loss or even take the risk of trading without a stop?

Many forex robots that are being introduced with tall claims of super performance also use huge stops. Isn’t this taking too much risk. Yes, this is true. These forex trading systems don’t put tight stops just in order to stay in the market with the hope of recovering any loss in the end. But, one wrong move by the market and all the gains that had been made in the previous trades can get wiped out. It is as simple as that. Itiis just a matter of time when this will happen. That’s why it always important to know the drawdowns made by each system.

What you need is a forex trading system that uses a tight stop loss so that your risk is always low yet it gives 100% success everytime. Meet Barry Thornton. Barry has been trading forex for quite a while now. In the beginning he made all those mistakes that any trader makes.

Over time, he learned his lessons. The most important lesson was to never make the mistake of not using a stop loss. But now, he says he travels all over the world and enjoys his life. He doesn’t has to worry anymore about money. He just needs an internet connection and a laptop to make as much money as he wants.

With All Odds Forex Trading System has been developed by Barry. It uses volume as an important element in making entry and exit decisions for each trade. The most important thing about Barry’s WITH ALL ODDS Forex System is that it always uses a tight stop of 16 pips for each trade. This way, the risk is very low when you trade with Barry’s With All Odds System

What Barry does is trade three correlated currency pairs. He enters the trade when he finds all the three correlated currency pairs that are something like 90% correlated trending in the same direction. Now, it is always difficult to find and identify the trend for a single currency pair. But when you are trading with three currency pairs that are correlated yet independent, it becomes easy to determine whether there is a trend or not.

He further trades on three different timeframes. This means that 3 currency pairs and 3 different timeframes gives him 9 confirmations of a trend in the market. Then he uses only three simple indicators the trendlines, the moving average and the RSI to get the trading signals.

These trading signals are further confirmed by the volume. You see, volume is seldom used by traders in forex but with Barry this is the most important indicator that tells him when to enter the trade or not. Volume changes something like half a minute before the price change, so you have a pretty good time to make your final decision to enter the market or not.

With All Odds Forex System is incredibly simple. You can easily master it within one week on your demo account. It has the potential of doubling your daily trading risk capital. It just takes 2-5 minutes for the trade to hit the target. With a small trading capital and good money managemet, you can use Barry’s With All Odds Forex Trading System to grow that small amount into fortune in a matter of relatively short time.