FOREX VIDEO - New York Session Review - February 23, 2010

[fxbootcamp]

Regarding the EUR/JPY news scalp: One additional point I want to make, which I neglected to mention in the video, is the reasoning behind shorting the EUR/JPY close to its daily S2 pivot point. Normally, a conservative trader would NEVER even consider shorting a currency pair at a level just 15 pips above its daily S2. In this circumstance — a surprisingly bad batch of U.S. news fueling an extension of the Japanese yens rally — it was much more reasonable to assume that S2 could break.

[WellWisha]

thanks for your insightful analysis curt! two thumbs up!

[asturius]

Great job Curt. Thanks again

[9jmorrison]

Thank you, on your thinking, but often I find the spreads eats most action.

[kjguest30]

Thanks Curt