FOREX Training Video | New York Session March 24, 2008

The Easter Monday holiday in most major international markets suggested low liquidity conditions for today's New York session, giving many traders reason to take the day off. Those traders who did show discovered that a case was building during the first 30 minutes for a bounce in the yen crosses. An aggressive entry for a long trade on the GBP/JPY came about 90 minutes prior to a more conservative entry which followed the release of U.S. existing home sales figures for February. Two logical targets -- the first an hourly 200 ema, the second a major psychological level -- were achieved within the hour following the housing news. Profits from these trades during the pound yen's climb ranged from 150 to 235 pips, depending on entry & exit.

Category:

Education

Tags:

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

[fxbootcamp]

puluca2008 and trapatu, thank you for the feedback. I freely admit that I NEVER know exactly what is going to happen. No one does. But I can explain the logic of what often happens in any given scenario, and more than a few people seem to find that helpful.

And yes, there are some days when the markets don't seem to make sense...but these are unique times. Those who diligently study the fundamentals understand that.

[fxbootcamp]

gman7k, I'm actually not trying to make it appear easy, because it is not. However, I am trying to convey that it is possible to identify conservative, repeatable trades that work out often enough for one to make a living as a professional trader.

BTW, I started the session late that day [due to a prior session running overtime], soon after the pound yen bounce described in the video. I told the live class within the first few minutes that the pair was set up to rise further.

[x2lt]

Yes, maybe this is after the fact analysis, and at first I felt the same way about fxbootcamp. But spend there a few months, study charts every day and sooner or later you will be able to do the same analysis in LIVE market. I don't know about you, but for me it is unbelievable feeling to spot the trade like those described in the videos and take it. If you are looking straight forward signals and not education, fxbootcamp is not for you.

[trapatu]

right, we all know very well how to trade on yesterday's charts ... fxbootcamo makes tons of meney with these online lessons, but not with trading

[puluca2008]

Ok..this is a "after the fact" analysis, and in all honesty you don't need to be a expert to spot a trade that was already gone.

If you listen to Curt and their other "coaches" LIVE, you may see a different picture. They all seem unsure and sometimes LOST as any regular trader. In a nut shell...I'm not impressed. maybe the VERY newbies can get some out of it.

[gman7k]

Curt u make it look so easy when u do it....well done...keep up the good work.