FOREX Trading Review Video 10 JUN 09 EUR/USD Bearish Engulfing Shooting Star

http://www.fxtrainingzone.com :: EUR/USD I see the short term trend as down, therefore class this as a Trend Continuation trade based on:

- Bearish englufing shotting star formation close on the 4H, failing to close above the 50% retracement line (from daily timeframe - shown in yellow on chart image).
- Price action failed to close above the 1.4117 level together with candles showing a lack of upward momentum.
- Price has now placed in a lower high on the 4H something which it has not done in some time.
- 8EMA failed to take control on the 1D, therefore shows that the strong bearish candle on (05/06/09) is still in control and therefore we can expect a bigger retrace than 23.6 from the larger upmove. (will explain this on the video)

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[sionsmith]

What do you mean blue doji?

[rolandsdisc]

What indicators do you use?

[rolandsdisc]

What indicators do you use?

[aldia05]

good stuff!

[JD6934]

great video, keep um coming

[sl0wik78]

Thanks for greta video. Very informative.

Pls, keep good work.

Cheers

[ThePowerlexus]

sionsmith,

thank you for great explanation of the system in your videos, it helps me a lot.

Also it would be helpful if you publish your loosing trades and how you decide to exit your lossing position.

thank you beforehand.

[bulldogge1232000]

Another informative video,

Great job

Spike

[cosminb86]

Hey, how do you make those doji appear blue? :)

P.S.: looking forward to that MM vid!