FOREX Trading Review Video 02 OCT 09 EUR/USD (+ 138 pips)
Oct.13, 2009 in
investing
Bullish engulfing candle of the 55 EMA daily. Reasons for Trade: – Price found support off the 55 EMA daily – Engulfed previous resistance area. – Price action found support off the 200 SMA on 4H – Used 5M chart to gain entry.
Tags: analysis, Bootcamp, candlestick, channel, commentary, currency, DailyFX, dollar, Elliott, EMA, euro, farm, forex, FX, FXCM, fxtrainingzone, GBP, gbp/usd, lesson, levels, macd, market, metatrader, momentum, MT4, NFP, non, pattern, payrolls, price, resistance, retracement, sion, SMA, smith, support, swing, trade, trading, trend, trendline, USD, volume, Wave
October 9th, 2009 at 6:03 am
One thing I forgot to add to the video was Elliot wave, we were on a 4th wave on the 4H period.
Cheers Sion
October 9th, 2009 at 6:56 am
great stuff , look forward to your new website.
October 12th, 2009 at 7:03 am
keep them coming