I last looked at the British Pound (GBP) on April 8th, and produced a short video explaining why I thought that this market was ready to move.
When I got back from my two week holiday in New Zealand, I thought it was only right to look at the British Pound again.
New video on next page
I have to start out by stating that "I love the forex markets."
But what's this?
Here we are going to hell in a handbasket in the US, yet everybody wants to own dollars.
Go figure.
I have to say that the dollar may be the lesser of all evils in the financial world. Here's what I mean by that statement: I heard that a Chinese businessman who lives in Hong Kong said that the stimulus plan would not work in China, simply because there is so much corruption.
I guess in the US we only have a few bad applies, while China it's almost like they have orchards full of bad apples.
But I digress...
Let's take a look at the US Dollar versus the Japanese Yen (USDJPY). A few weeks ago, I did a video outlining my predictions for this very cross.
Well, after being stopped out of our first position for a small loss, we had another signal based on our daily "Trade Triangle" technology, which issued another entry signal at a very good level. The level is clearly indicated on the chart and you'll see this level in my new video for this cross.
The video, as always, is free of charge and there's no need to register. This is an educational trading video to show you one of the most important technical chart formations and how to incorporate our "Trade Triangle" technology to come up with big winners.
For as long as I've been in the investment game (over 3 decades), this simple formation continues to show itself year after year.
Enjoy the video, and please feel free to make your comments known on our blog. Before I forget, here's the link to the first video we did on the USD/YEN cross a few weeks ago.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
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