Hello Everyone,

Nikos from Greece has passed on some of his latest analysis and commentary.  Please note that you can signup on his mailing list to  receive his updates directly.  Here is the link:  
http://tinyurl.com/397lmrc

 Hello Traders!   I am happy to see that many new students have joined our trading academy already and the best part of it is that many of them are doing really good already.

I get the chance to meet new people almost every day and I enjoy the very interesting conversations with them.   Way to go everybody!

Now let’s talk about some charts!

Our resistance level at 1.6180 on GBP/USD did hold well this week.
The bounce on this level gave us some nice short trade setups for intraday and scalping traders worth more than 200 pips. GBP/USD has bounced now on our support area and daily trend line close to 1.5800. As long as this area is holding, we have to focus on long trades.

Remember that the main trend on GBP/USD is still long and you must follow the market flow to succeed on long term.

The EUR/USD retraced over 800 pips from its highest point on Nov 04.
There were many opportunities to trade this down move against the main trend.

The latest short swing position entry at 1.3760 on Nov. 11 was worth up to 300 pips before the price bounced at 1.3440, close to our major support (1.3400/20) line.

The main up trend is still intact as long as the 1.3400 area is holding. Let’s see what happens next week.

To our members; I now that some of you have taken the EUR/USD swing short trade last week during/after our live session. Don’t be shy guys. Send me the charts with your trades and we discuss them in our webinars. Sharing your success will help other members to boost their confidence too.

Enjoy your weekend and relax a bit…The markets won’t go anywhere.

Nikos Mermigas

OK… Let's get to my MARKET REVERSAL LEVELS…

Please jump down below to find the newest reversal levels.

Until next week, peace and prosperity,

Jeff Wilde