Today's Non-Farm Payrolls came out as expected, but once again, the previous months results were drastically revised upward. This gave strength to the USD. A Fib Retracement predicted a Fib Extension that overlapped a key Support Pivot Point. This convergence was a great profit target for a conservative and repeatable trade.
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Who is Wayne McDonell
Wayne McDonell is a professional FOREX trader with an Entrepreneurial spirit and a business leader's mind. He trades his own funds and trains others how to do so consistently and profitably by coaching them everyday... in the live FOREX markets. No signals or alerts are provided. Only trade planning and execution that suits the individual trader's style, comfort and risk tolerance.
Mr. McDonell has coached hundreds of entrepreneurs and executives. He has spoken at dozens of conferences around the world. He's held several senior management roles at companies from 2 - 2000 employees, including Cicso Systems and Apple Computers. As a venture capitalist, he as invested in over 100 consumer and industrial patents. Mr.McDonell has appeared in many publications including Inc Magazine, TechWeek, Information Week, The National Post, as well as others in Europe and Asia.
Mr. McDonell's passion is FOREX. He currently mentors currency traders who are preparing to trade currency as a career. Future plans include a book and seminar tour.
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