FOREX New York Session Video July 13, 2007

U.S. retail sales news gave the EUR/USD the boost it needed to break the 1.38 psychological level and make a new all-time high, but the weekly R3 pivot point held its ground as resistance to limit the upside move. Better than expected consumer sentiment news, and the anticipation of some week-ending profit taking, then re-shaped our bias toward the downside. The crossing of the 5 ema and 8 sma was the final signal we needed to justify a short trade entry.

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[DDDianaDDD]

Great video, thanks!

[smartforextrader]

Very nice video. Click on my nick to see may free forex courses.

[jaz48011]

Hi its me again. Well i am kind of new to FOREX

and i have been making good money but i just wanted to know how you guys made you pivot points the R's and the M's(what do those mean by the way i understand those are pivots) and also how do you setup your moving avg's like what time periods. i know how they work but i just cant find a time period. So can you please tell me what your time periods for MVA's are?(i was trying to find out by your videos but cant to hard to tell)