FOREX London Session Video August 28th, 2007

Late into the London session the GBP/USD had a 5/8 ema/sma cross & a stochastic cross up on the 15m chart, providing a quality long trade setup after the break of the 21ema. However, what if you missed the entry? Well with a combination of support areas (5ema, Bollinger Bands 55ema), and shorter term time frame stochastics you can gain proper confirmation to insert yourself into a pre-existing move. Using this method some members were able to make the 40 or so pips left in the total M1-M3 pivot move of 90 or so pips if they missed the initial entry. Once could also use this method to add additional lots with a decent level of confidence, and a low risk vs. reward situation.