We did not get an extension of the USD’s strength from from the NFP revision on Friday. This offered a buying opportunity for the EUR/USD. Fibs and Pivots were essential for both the European and New York Sessions today. LIVE FOREX TRAINING | EVERYDAY! www.fxbootcamp.com
Posts Tagged ‘2007’
FOREX Training | FOREX Trading – February 6, 2007
Monday’s low was Tuesday’s low: Double Bottom. However, until the 78.6% Fibonacci Retacement Line is broken, you cannot assume a reversal. At the New York Open, there were several reasons to short. Once they failed, a clear break to the up-side at the London Close signaled new found EUR/USD Bullishness. Live FOREX Training | EVERYDAY! [...]
FOREX Training | FOREX Trading – March 8, 2007
Fibonacci Retracements from yesturday’s trading range overlapped perfectly with Fibonacci Extentions from today’s the New York open. This convergence of Fibs also happened to the the Support Pivot Point… Guess what? This was an important level to watch! LIVE FOREX TRAINING | EVERYDAY! WWW.FXBOOTCAMP.COM
FOREX Training | FOREX Trading – April 9, 2007
Europe was closed for Easter, but New York was open. The USD was likely to continue its gains from the positive NFP numbers on Friday. With currency correlation, a break of a price channel gave us a target of 44 or the S1 pivot point. The entry was simply a stochastic cross with divergence after [...]
FOREX Training | FOREX Trading – March 28, 2007
The market wasn’t moving that great today. However, the GBP and the CHF both moved in predictable ways during the Asian and European sessions. Other than that, it was a tricky range bound day. For these trades, Fibs and Pivots we essential trading tools. Live FOREX Training | Everyday! www.fxbootcamp.com