FOREX Trading | FOREX Training - November 7, 2006

Today is election day in the USA. Not a typical day. Be careful, this means that our normal analysis may not work as well. Look for several confirmations before jumping in! Today we saw a triangle break, a fib break, a brief retracement and boom... a continuation to the 261.8% fibonacci extension. Full currency pair correlation between the majors as well. It turned out to be an ok trading day after all... even if you were a conservative and patient trader. Live FOREX Training | Everyday http://www.fxbootcamp.com

Category:

News & Politics

Tags:

• Forex
• training
• Currency
• Dollar
• Money
• FX
• 4X
• trader
• Foreign
• Exhange

[DDDianaDDD]

Great video, thanks!

[gaberight]

I agree admaj, it only slightly pulled back to the bollinger band...doesn't seem like enough to be able to get in, if you were waiting for the 5 or the fib, you got left behind. However in all fairness, he did mention the bollinger band as an entry point.

[smartforextrader]

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[Scottsignal]

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[eodbet]

Very informative video. I am inspired by all the experienced traders sharing information online via Youtube. Myself and my brother are traders and software developers and you can check out our Free forex trading videos searching here on youtube for forex flows for some of our free tutorials

[admaj]

I can see a little mistake here.After price break the 200% Fib Ext. You suggest to wait for pullback to that Fib and then You say that "it did" (the price pullbacked) - as we all could see the price didn't pull back!!, so You shouldn't have been on the trade!!

Would You like to explain that?