FREE workshop....Using Bollinger Bands & Price Envelopes for Profitable Breakouts

We are excited to announce that this Thursday our friends Todd and Roger will be putting on a New FREE LIVE interactive trading workshop, where we’ll teach you how to incorporate Bollinger Bands and Price Envelopes into your trading for much bigger gains which will help you maximize the percentage of winning trades you take while decreasing your losses significantly.

They have decided to call this workshop "Big Profits from Breakouts and Mega Trends". You’ll also learn an ETF trading model that generated Todd over 963% return in just over 6 years.

Click here to REGISTER Thursday June 15th at 4:30 ET

It’s FREE to attend and it’s going to be actionable trading strategies you can start using the very next day!

Here’s just a few of the actionable strategies you’re going to learn:

* How To Use Bollinger Bands and Price Envelopes for Profitable Breakouts

* How Professional Traders Use Trailing Stops to Ride Massive Trends

* The Rules to the Turtles Trend Following System That Made Billions Over the Past Decade

* How to avoid Massive Losing Periods That Come With Buy and Hold

* How to Take Advantage of Increased Volatility So You Can Lock in Profits with Trailing Stops

* You’ll be Introduced to an ETF Trading Model That Generated Over 963% Return In Just Over 6 Years!

PLUS…Learn a lot more and get ALL your questions answered LIVE!

Click Here to REGISTER: Thursday June 15th at 4:30 ET

I couldn’t be more excited to have Todd and Roger show you firsthand how an ex hedge-fund manager with tremendous success and experience trades the markets.

Have a profitable day we hope to see you there!

 
See you in the markets,
The Forex Market Club

P.S. I recommend you attend this class if you're interested in learning trading strategies you can incorporate into your trading right away. We anticipate this workshop will be fill up very quickly so get your reserved seat asap.

Everybody Wants U.S. Dollars!

For this past week, the U.S. Dollar has proven to be the currency of choice. Most other currencies lost ground in active trading. For the week, the Dollar gained 1.3% against the Euro, 1.3% against the Japanese Yen, and a whopping 2.8% against the Aussie Dollar. Adam Hewison our trading partner at INO.com tells us..... "I see these trends continuing and would not rule out setbacks, but the trend is clearly established in favor of the U.S. Dollar right now".

The June Dollar closed higher today and tested the 87% retracement level of the 2012-2013 decline crossing at 84.52.The high range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near term.

If June extends this month's rally, the July 2012 high crossing at 85.29 is the next upside target. Closes below the 20 day moving average crossing at 82.81 would confirm that a short term top has been posted. First resistance is today's high crossing at 84.52. Second resistance is the July 2012 high crossing at 85.29. First support is the 10 day moving average crossing at 83.19. Second support is May's low crossing at 82.82.

Click here to check out Adam's free daily blog and videos

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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