FOREX New York Session Video January 14, 2008
After dropping in excess of its recent average daily range during today's prior sessions, the USD/JPY found a level close to last year's low. As the dollar yen was forming a double bottom, the EUR/JPY reached its M1 pivot point. Confirmation of the subsequent euro yen bounce on the 3-minute chart, coupled with correlation among the yen crosses, set the stage for a long trade entry before the start of today's New York session. The 90-pip profit was a welcome exception to an otherwise slow session for the major currency pairs.
This video shows a trade setup that was executed using the FX Bootcamp methodology and perfectly illustrates the importance of trade planning from entry to exit in the live market indicated by Coach Wehrley. Great detail outlining how the trade developed Curt.
Posted by: Sharon Romano | January 15, 2008 at 08:14 PM