FOREX London Session Video November 13th, 2007

After a couple days of major carry trade unwinding, we experienced a somewhat choppy beginning to today's London session. However, with eyes wide open we were able to find a few decent trade plans, two of which I cover in this video. AUD/USD bounced off today's central pivot point, creating a new 15m trend line at the same time. With several subtle clues, or even a little further after 3minute confirmation a decent long entry between 0.8895-0.8905 was very achievable. The market then provided us with a quality 'ride the 5' ema scenario where price steadily rides the 5ema, all the way to our target netting most in the room around 60-65 pips. USD/CAD also broke out of 15minute consolidation, only to return to the scene of the crime and offer a beautiful retest using 3minute chart stochastic confirmation. This pair then plunged to our take profit area netting most 60-70 pips depending on entry. Nice clean moves for over 100 pips total, gotta love those.