FOREX Training Video | New York Session February 28, 2008
June 2nd, 2009
fxbootcamp asked:
Two opposing trendlines converged on the GBP/USD during today’s European session to form a triangle, the apex of which was due for arrival in the early part of today’s New York session. Traders who spotted the setup found a conservative long trade entry after the breakout — in the direction of the prevailing trend and the market’s latest stint of dollar selling — during the hour prior to the start of the session. Fortunately, U.S. GDP news did not ruin a good thing, as the move ultimately produced a profit of between 70 to 80 pips (depending on entry) for traders who exited at the psychological level prior to the European close.
GUTTER
The previous comment.
hey guys ..there’s no audio….