FOREX Training Video | New York Session February 28, 2008

Two opposing trendlines converged on the GBP/USD during today's European session to form a triangle, the apex of which was due for arrival in the early part of today's New York session. Traders who spotted the setup found a conservative long trade entry after the breakout -- in the direction of the prevailing trend and the market's latest stint of dollar selling -- during the hour prior to the start of the session. Fortunately, U.S. GDP news did not ruin a good thing, as the move ultimately produced a profit of between 70 to 80 pips (depending on entry) for traders who exited at the psychological level prior to the European close.

Category:

Education

Tags:

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

[gman7k]

forget the previous comment

[gman7k]

hey guys ..there's no audio....