FOREX Trading Review Video 21 OCT 09 GBP/USD (+ 140 pips)

http://www.fxtrainingzone.com :: GBP/USD Strong momentum shown with bullish engulfing candle from the pull back to the 21EMA

Reasons for Trade:
- Price found support off the 21 EMA 4H
- Price failed to move lower from a bearish candle formation
- Daily showing strong upward momentum.
- Final 5th Wave now complete.

Category:

Education

Tags:

• fxtrainingzone
• forex
• training
• trading
• live
• technical
• analysis
• fundamental
• education
• trade
• reviews
• market
• commentary
• gbp/usd
• euro
• dollar
• fx
• metatrader
• currency
• volume
• macd
• EMA
• SMA
• candlestick
• pattern
• levels
• retracement
• Elliott
• wave
• swing
• support
• resistance
• trend
• price
• channel
• trendline
• NFP
• momentum
• GBP
• USD
• non
• farm
• payrolls
• lesson
• MT4
• FXCM
• Bootcamp
• DailyFX
• sion
• smith

[sionsmith]

This number is the number of prices the market has to move before it changes from green to red / red to green.

Cheers Sion

[sionsmith]

This video covers more Elliot wave than normal.

[jkrick33]

awesome

[lolobaby101]

thanks

[999leemo]

like the video and the presentation. I have the macd indicator but what the white number on the right hand side?

[mgryga]

Hi

Very good video, as always :-)

thx for teaching us... ( fx noobs ).

[fxlan]

Awesome! In my oppinion your best video till now.

Thank you!!

[baco15031975]

Awesome!!! Got the same entry but it is hard to have the guts to keep the position open once you see a bit of retracement...I should have at least applied the 5min three bar rule and moved my stoploss..I still find it very hard to spot the first Elliot wave and surely I didn't see that tiny second wave...please keep explaining the waves in your videos...thanks a lot!!!!!!!!!!!