FX Instructor Live Forex Trading Room Results | 09/27/2007

Good day today. Had some good moves, more than making up for the last couple of slow days.

GBP/USD has been Long into a trade since yesterday, based on Divergence. The price went up and reached our fibonacci targets exactly as we estimated. We closed off our trade for a profit.

On the intraday basis, we had another trade on the EUR/USD. We went Long at a Hidden Diverence - higher lows on price, double bottoms on stochastics. This Hidden Divergence is supported by Fibonacci Fans, and we calculate our targets based on Fibonacci Expansions. Another excellent trade closed off with profit.

On the intraday basis as well, on GBP/JPY we were looking at a Triangle Break. We had plotted a Triangle on the 4h charts and were waiting for a break based on our Rules of Thumb for Triangle formations. Another effective trade for our members and instructors.

I also want to show the effectiveness of our custom Pivots indicator, usable on both Daily and Weekly periods. As one of our members put it - trading with our the FX Instructor Pivots strategy is a "walk in the park".

Visit http://www.fxinstructor.com to learn more.

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