FOREX New York Session Video August 14, 2007

A combination of Canadian dollar weakness and U.S. dollar strength, due in part to trade balance news, propelled the USD/CAD above the M4 pivot point and a psychological level. Those who took one of the early entry opportunities and moved their stop under M4, risked getting stopped out during the retracement with very little to show for their efforts after a 30-pip gain in the first half-hour. In this case, the risk paid off on this news trade to the tune of nearly 50 pips. Even traders who waited patiently for the entry on the re-test of M4 netted 30 pips before the London close.

Category:

Howto & Style

Tags:

• Forex
• Training
• Currency
• Dollar
• Money
• FX
• 4X
• trader
• Foreign
• Exchange

[Squeakerbaby123]

Great video Curt - I think Bootcamp and all coaches are awesome. My wife and I have benefitted tremendously from Bootcamp.

[MichaelCue]

That's outstanding, computerguy - congrats! Though the purpose of FXBC is to train US to become professional traders. I don't know about you, but I've never met a professional trader that depends on a signal service. That's the difference my friend, between FXbootcamp and those that simply tell you when to buy or sell. Keep up the good trading.

[computerguy9002]

I made over 700 pips this week shorting the AUD/USD.

I don't need this phony service that pretends to teach forex and never gives a live trade signal.Phunk Dat!

[MichaelCue]

Curt, I was out of town for the session, but great recap of the CAD trade, especially the fundamentals driving this move. It's good to know that I can miss a session and still learn something from it.

Oh, and computerguy9002, I've been a member for 8 months now, and I can tell you sincerely that one of the best, if not THE best feature of fxbootcamp is the sheer number of high caliber professionals that are in the room each and every day. You apparently didn't fit in. Good luck to you.

[RomanusIV]

Great

[computerguy9002]

FX Bootcamp sucks, Save your money.

[welshguy2000]

What the daily m4 level or the weekly?

cheers

[jaz48011]

like always perfect