FOREX VIDEO - New York Session Review - August 27, 2009

The US dollar had attempted, but failed, to make new gains against multiple currencies for a full round-the-clock cycle. During the final hour of European trading, the USD bulls seemed to give up, and the bears stepped in. Currency correlation, identification of basic support and resistance, and a Fibonacci study contributed to creation of a trade plan to go long on the GBP/USD currency pair. Those traders who took the shot, then closed the trade at the next significant level of resistance, earned a 60-pip profit at today's London close.

Category:

Education

Tags:

• forex
• currency
• trading
• fxbootcamp
• money
• 4x
• fx
• wehrley

[carstenprodoehl]

great work as always

[daniel8ish]

thanks Curt

good educational video

[asturius]

Thanks Curt. I look forward to your video reviews much like an HBO mini series. Always keep us on the edge of our seats. Can't wait 'til the next episode. Keep 'em coming.

[MsDawdawdaw]

thx

[jstagrenert]

Good work Curt, Thanks.

[krunoeleven]

Thanks Curt, you are the Grissom of FX. It seems so easy when you do the clue and tracks mold in one big scenario, a real FXSI ;)

[jmnavasfx]

Thank you Curt. Great video again.

I took the previous trades (the post GDP news), with little way (20p on eurusd and 28 on gbpusd).

A former FXBootcamp member,

JuanM

[dfcanasvideos]

Thx Curt. Cheers!!

[rsparks11]

Love your work Curt. Great analysis.

[jhr922]

This is a feisty little trade.