FOREX London Session Video January 17, 2008

After a large rise in the GBP/CHF all day yesterday we hung around the daily 5ema in a small range but with higher lows. We identified this S&R with a very slight ascending triangle and made trade plans before the break occurred.  The plan involved a reasonable expectation of profit at least to the overlap of the hourly 200 ema, Weekly central pivot point, 4 hour 55ema, 21.4 Fibonacci of the major recent down trend, and the 2.17 psychological level.  Well surprise surprise we mowed through all of that overlap in QUICK fashion which meant a one way ticket to todays m4 Pivot and another 100 pips to 218.  Depending on entry strategy selected members made anywhere from 150-250 pips with relative ease.  Just love the follow through.