Skip the “Cocktail Talk” and Follow What Really Matters

I don’t want trading to be entertaining. I want it to be profitable. [Jeff Clark's Market Minute]( Skip the “Cocktail Talk” and Follow What Really Matters By Imre Gams, analyst, Market Minute I love trading the forex market because there are [great opportunities]( that pop up every week for currency traders. I also enjoy how simple trading the forex market really is. Many traders worry that currency markets are incredibly complicated. They tell me it’s hard enough to keep up with news coming out of the U.S. – so how are they supposed to stay abreast of what’s going on in several other countries? Recommended Link [Holy Cow, Only $19!]( [ad_img]( “Hi, my name is Jeff Clark. For the past 36 years, I’ve helped people from all walks of life make money in the markets. Retired stockbrokers… presidents of companies… people with almost no financial experience… and everything in between. But I haven’t done it the usual way… My method is different. It’s unlike anything you’ve probably ever seen before. [We’re unveiling it right now for just $19.]( That’s the lowest price currently offered for a trading research service… And it won’t be available for long. [Watch a ‘10-second live demo’ of this method]( to see how it works.” [Watch Now!]( -- But I tell them that they don’t have to keep up with what’s going on in other countries because macro-economic analysis is almost entirely useless when it comes to short-term trading. Knowing the ins and outs of European trade and monetary policy won’t help you decide when to enter or exit the market. Yet, technical analysis is a far superior tool when it comes to making trading decisions. Figuring out what the Fed might do at its next meeting, or how an energy crisis might affect the euro is what I call “cocktail talk.” It’s fun to discuss and it can make for an interesting conversation over some drinks – but ultimately, it’s just entertainment. If it wasn’t entertaining, news channels would be out of business. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. And I don’t know about you, but I don’t want my trading to be entertaining. I want it to be profitable. Luckily, technical analysis cuts through the noise so you can shine a light on what really matters – like price action. After all, you’re not trading news or economic events. You’re trading prices. That’s why I’m focusing on a great opportunity in the Polish zloty and Japanese yen currency pair (PLN/JPY). Take a look at the chart below… [(Click here to expand image)]( Since mid-April, PLN/JPY has been tracing out a large head and shoulders reversal pattern. (The head and shoulders pattern is one of my favorite setups. Check out what happened the [last time I spotted this pattern]( This pattern has three key defining features – the left shoulder, the head, and the right shoulder. The pattern is complete once prices break and close below the neckline (blue line) that connects the bottom points of the left and right shoulders. To determine a target for this pattern we’ll use the final component, which is the neckline measurement. [Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast]( The neckline measurement is taken by drawing a straight line from the top of the head to the neckline (left vertical line). The length of this line is how far we can expect prices to travel once the pattern is complete… which in PLN/JPY comes in around 25.50 yen. That would be an almost 10% move, which would be amazing to see in any currency pair. I spot these kinds of trading opportunities in the forex market every week. And because of the leverage that’s available to forex traders, it makes these opportunities potentially lucrative as well. The next time I spot another great trading setup in the forex markets, I’ll be sure to let you know. Happy trading, Imre Gams Analyst, Market Minute Reader Mailbag Do you trade forex? If so, what has been your experience? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. In Case You Missed It… [The First Gas Station in America… To No Longer Offer Gas]( Discover what’s happening, live on-the-scene… And why soon, this development will be spreading to your hometown. [Click here now!]( [image]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. 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