FOREX New York Session Video July 26, 2007

The USD/JPY broke its central pivot point as early New York traders arrived. Momentum increased as the recent unwinding of carry trades resumed, producing a move strong enough to break both the 120 psychological level and the 200 day ema. A 77-pip profit for traders who exited at the S2 pivot point, a standard target for us in a fast moving market. Those who let this trade until the 5 ema and 8 sma crossed, realized an additional 70 pips.

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Howto & Style

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

[ismailtumz]

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[Vegas5]

Cheers Curt,

Vin

[coolnine9]

Thanks Curt. Great job.

[VasilRangelov]

thank you

[lgbpinho]

Also notice that it approaches the weekly M2 at 118.09, correct me if im wrong. But at the bounce near the weekly M2 i saw an increasing volume and i thouught maybe it was a reversal (even for not much time. I almost made 50 pips on the subsequent up move, but didn't because of my stop loss order (118.73) that was kinda high =/