Wednesday, 31 March 2010

FOREX Trading Review Video 31 MAR 10 EUR/USD +70 pips

http://www.fxtrainingzone.com EUR/USD Long trade based on momentum created by the ABC Elliot wave:
-4H Morning star showing upward momentum.
-4H Strong level of support from 23.6 fib monthly line.
- Entry made on 5M re-trace.
- Exit based on failing to making a higher high on 5M.

Friday, 19 February 2010

FOREX Trading Review Video 17 FEB 10 GBP/USD +391 pips

GBP/USD short trade based on the 5th wave & MACD showing strong downward momentum:
-4H showing lack of conviction to the upside
-4H channel resistance line together with doji formations.
- Price has found strong resistance off the 50% retracement level.
- 1H chart showing confirmation with a lower high.

Monday, 11 January 2010

FOREX Trading Review Video 08 JAN 10 EUR/USD (NON FARM PAYROLLS)

EUR/USD long trade based on the Non Farm news candle showing strong upward momentum:
-4H strong support zone off a rising support channel.
- Price has found strong support off the 61.8 retracement level on the daily chart..
- 5M chart indicating more upward momentum.