FOREX VIDEO | NEW YORK SESSION REVIEW | March 12, 2009

Loading...

Sign in or sign up now!
Alert icon
Upgrade to the latest Flash Player for improved playback performance. Upgrade now or more info.
552 views
Loading...
Alert icon
Sign in or sign up now!
Alert icon

Uploaded by on Mar 12, 2009

Positioning on the swiss franc prior to the Swiss National Bank's interest rate decision fueled some volatility on the swissie pairs during the early portion of today's New York session. A classic breakout-pullback-extension move on the EUR/CHF currency pair reached the daily M4 pivot point within minutes of the SNB news. While some traders who took the 80-pip profit off the table might have felt cheated as the next 15-minute candle stretched north some 360 pips in response to the SNB's decision to pursue competitive devaluation and debt monetization, seasoned traders are already looking ahead to future opportunities to profit from the swissie.

Category:

Education

Tags:

License:

Standard YouTube License

  • likes, 0 dislikes

Link to this comment:

Share to:
see all

All Comments (2)

Sign In or Sign Up now to post a comment!
  • yeah buying eurchf, was a good trade earning many pips

  • What a drop in the CHF!!!!

Loading...

Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more