FOREX New York Session Video January 16, 2008

Today's U.S. news reports did little to faze the pound's steep upward climb, which began during the London lunch. The most conservative entry and exit on the GBP/USD move during the first half of the New York session produced a 55-pip profit. It only got better from there, as a reversal on the EUR/JPY at an anticipated level of resistance opened the door to a short trade at the session's midway point. Dovish commentary by a central banker further accelerated the drop of this yen cross. Traders who rode the move to today's M1 pivot point hauled in an additional 175 pips.

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[coolnine9]

Thanks for all of your hard work Curt!

[aasa0076]

powerful

thanks

Abdel

[clertor]

Also, in the 3 min chart, when it breaks support, you said to wait for a closed candle, but at the same time in that candle you are supposed to be up 12 pips? did u enter at the break without waiting for the closure?

great video

Rafa

[clertor]

hello, I have a couple of questions. First, why did you go look at the EUR/GBP in the first place? (where does the idea come from I guess is the question), secondly at 3.08 in teh video GBP/USD there is divergence between stoch and price, is that something that you take into account?.