FOREX Trading Review Video 23 OCT 09 GBP/USD (+ 215 pips)

http://www.fxtrainingzone.com :: Lack of momentum to the upside with key candle patterns showing a reversal was due

Reasons for Trade:
- Small 4H spinners
- High risk / reward trade to take on
- Daily showing strong resistance around price action area.
- 1st wave to the down direction

Category:

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[sionsmith]

Yes i did, on the forexfactory & on skype! if you want me ID then just ask. This is a trade "review" which explains to people what I did and why.

[ChristianChoi]

What a fantastic video, very informative, and lots of info here. Thank you.

[Andrey73]

Thanks for the reply. Could you give me the link to forexfactory post where you mention this trade before the fact. I saw you mention this trade on forexfactory but just like here only after the fact.

Thanks

[gregsbest]

Sion, Also- another thought : I would like to place a buy and a sell order in before the news; then cancel the one that doesn't go with the price and then let the 'good' choice trade ride the news after effects.

**** There will a lot of news today - coming out of Japan. I will work on this. Cheers, G.

[gregsbest]

Andy73- you're right = it's after the moment, but it is a very clear method of riding the news. I had always stepped aside of trading before the news, but now will try to anticipate the news, with a stop even closer to current price than Sion, just my choice.

[gregsbest]

Sion,

Your videos and Phillip Nel's work on '4 Hour Forex ' strategies are all excellent materials for help trading the Forex.

Great to see the facts and no hype too.

I use Phillip's methods as well - essential reading.

[Andrey73]

It is all AFTER THE FACT. So what is the point of that? Did you posted anywhere on net that you actually did this trade BEFORE THE FACT?

[youshitface]

Great Video. Like you I was in before news release. lucky for me the market dropped as i as stuck in work unable to move my stop ...