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Check out the video below from MarketGauge to discover the most favorable time to enter a trade for ‘oversized’ gains.  There’s an easy pattern to identify, and it’s also easy to trade in all market conditions. Watch The Video Here You’ll see how to identify the best setups based on the current market conditions. These ‘low risk’, ‘high profit’ set ups are tested and proven and currently used by a successful hedge fund manager of 30 years! In the video you’ll discover:  ‘Easy’ to identify trade setups that get you in the trade early for maximum profit potential. The ‘best’ entry tactic that leads to taking profits the same day you enter a trade. A hedge fund manager’s ‘secret’ to buying retracements the day the uptrend explodes higher, putting you in position for ‘monster’ gains. A successful hedge fund manager’s favorite strategy for buying near the low of the day, which could lead to huge payouts later that day. And More! The video is not very long and worth every minute of your time.  See It Here  See you in the markets on Monday! Ray @ The Forex Market Club P.S. After you watch the video be sure to register for an upcoming training webinarand discover how to add quick cash pops to your portfolio on a daily basis.

Currency Market Summary For Tuesday October 25th

The December Euro currency closed down 20 points at 1.3920 today. Prices closed nearer the session high today and hit another fresh seven week high. Bulls have the slight near term technical advantage as prices are in a four week old uptrend on the daily bar chart.

The December Japanese yen closed up 24 points at 1.3182 today. Prices closed nearer the session high today and closed at a fresh contract high close. Prices have seen a bullish upside “breakout” from a sideways trading range at higher price levels. Bulls have the solid overall near term technical advantage.

The December Swiss franc closed up 27 points at 1.1399 today. Prices closed near the session high today and hit a fresh six week high. Bears still have the overall near term technical advantage. However, a bullish “rounding bottom” reversal pattern may be forming on the daily bar chart.

The December Canadian dollar closed down 85 points at .9852 today. Prices closed nearer the session low today and hit a fresh five week high early on. Prices also scored a big and bearish “outside day” down on the daily bar chart today as the bulls faded a bit.

The December British pound closed up 18 points at 1.6009 today. Prices closed nearer the session high today and hit another fresh six week high. The bulls have upside near term technical momentum. A steep three week old uptrend is in place on the daily bar chart.

The December U.S. dollar index closed up 7 points at 76.34 today. Prices closed near mid range today and hit another fresh six week low early on. Some near term chart damage has occurred recently. Prices are in a three week old downtrend on the daily bar chart.

Just click here for your FREE trend analysis of the U.S. Dollar ETF UUP

Longer Term The U.S. Dollar Looks Poised to Move Much Higher

The dollar index pulled back from its recent highs and fell to a five day low. However, this index is still significantly above the original breakout point of 76.10. We were somewhat disappointed that we did not see further upside action, as that was blunted by the potential rescue package for Europe.

Longer term this market looks poised to move much higher. This index is coming from a large energy field that is capable of carrying it much higher, possibly up to the $80.00 – $81.00 area. Intermediate and Long Term traders should maintain long positions with the appropriate money management stops in place.

The December U.S. dollar index closed down 79 points at 78.27 today. Prices closed nearer the session low again today on profit taking from recent solid gains. Prices Monday hit a seven month high. The bulls still have the overall near term technical advantage. Prices are in a four week old uptrend on the daily bar chart.

Monthly Trade Triangles for Long Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short Term Trends = Negative
Combined Strength of Trend Score = + 75


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