We do a LIVE ROOM "SESSION RECAP" - "Heads Up" from the previous live NY session to Live Room subscribers via the heads up recording below (about 10 minutes). REMEMBER WE ARE TARGET TRADERS - WE CANNOT MAKE THE MARKET MOVE IN ANY SESSION -SO THESE ARE "HEADS UP" OPPORTUNITIES - NOT TRADES! The price points alerted to are not actual trade numbers but "AREAS OF INTEREST" to look for a trade opportunity and the conclusion. The stop is not a hard stop but a starting place. Don't forget we "PRESS OUR WINNERS WITHOUT EXCEPTION". Traders can check any change in direction and target update using the Targets Tool app each day (Monday-Thursday) around 5:30 pm ET.
We recap 20 currencies + USDX 4 days a week. We only count recaps that traders actually took in a live trade with real money, not whether the recap took place Many of our recaps do happen, but since traders did not actually trade it we do not count it. This is what we did in 2018.
WATCH THIS BEFORE TAKING ANY RECAP!
Forex Target Trading- How to trade the recap? (12:08) Make it full screen once you access!
Note: Once in make it easy to see and use the full screen button (lower right corner) Click the icon below!
We have at least a 1:1 risk to reward ratio (usually 1:2 or more) to even take a recap and the stop is the technical stop at the time but (using the ProAct Traders Scale in method) - we may target an ATR target or Fibonacci level for 58 pips and it may only do 52 - we will count whatever traders actually report that they took. Many of our recaps go to target and while we were successful in identifying that opportunity, if we do not have 3 or more traders actually trade it with live money we do not count it. Also please realize that broker spreads can all be different - that is one reason why these are heads up not trades! The other reason is they are sent out hours in advance and since no one here has a crystal ball - we don't know if they will materialize or not.
Watch for these to POSSIBLY happen in the next session or two!
Just taking a session recap is not smart! We record these at the end of the New York session and they may or may not happen in the next sessions. Typically, most recaps will not take place until the Asian or London session which is 9-15 hours before those sessions. A lot can change in that time. Also remember that YEN crosses should primarily be traded in the ASIAN session and should be considered your first opportunity for the trade to materialize. NEVER trade them unless you agree with the analysis and are willing to accept the risk - they are Trading ideas based on the current market structure at the time of recording, they are not Trade signals.