FOREX London Session Video January 17, 2008

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FOREX London Session Video January 17, 2008 (23 Views)

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Description: After a large rise in the GBP/CHF all day yesterday we hung around the daily 5ema in a small range but with higher lows. We identified this S&R with a very slight ascending triangle and made trade plans before the break occurred. The plan involved a reasonable expectation of profit at least to the overlap of the hourly 200 ema, Weekly central pivot point, 4 hour 55ema, 21.4 Fibonacci of the major recent down trend, and the 2.17 psychological level. Well surprise surprise we mowed through all of that overlap in QUICK fashion which meant a one way ticket to todays m4 Pivot and another 100 pips to 218. Depending on entry strategy selected members made anywhere from 150-250 pips with relative ease. Just love the follow through.

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