Forex Training | New York Session Review | July 30, 2008

This was certainly a "smart money" trading day. Hedge fund managers controlled everything before and after today's main fundamental event, oil inventories, was released. Watch this video to see how we scalped the news using a 1 min chart and also see how the professional traders were trading the 4 hour chart. You will not, because of the influence of the institutional players, today's daily pivot points were usueless, however the weekly pivots were extremely powerful.

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[DDDianaDDD]

Great video, thanks!

[AM2M]

Boring

[TheDystopiaInside]

it would be nice if you could call out the numbers because they cant be read on here, for example if the weekly pivot point is where there was a turn around or bounce, say what the number is so we can go track that place down and compare that pivot point to whatever we were using.