FOREX VIDEO - New York Session Review - August 13, 2009

Rising risk appetite has been the dominant theme over much of corporate earnings season. For the EUR/JPY currency pair, that has translated into an up day on 3 of every 4 trading days over the prior four weeks, and another up day was in the making at today's New York open. The release of an awful US retail sales report changed that in a hurry. During the three hours after news, the yen managed to recoup its losses against the euro. A short trade setup, discussed some 30 minutes in advance, ultimately produced a profit of up to 100 pips for those traders who waited patiently for the post-news retracement on the euro yen.

Category:

Education

Tags:

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

[LudoLudowitch]

great review thanks curt

[DarrinNoNAME]

Well I'm curious how the new compliance rule affects your trading plan and if it doesn't, I want to know how come it doesn't. I'm assuming it doesn't since noone has really talked about it.

[BestGlide]

Curt: very clear, well focused analysis using multiple reasons for entry and exit. Thanks

[coxyj1]

thaks again for the video

[lsente]

Hey Curt, nice and simple analysis. Thanks and good trading to all.

[asturius]

Always enjoy your presentations. Very informative. Thanks Curt.