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FOREX Training | FOREX Trading – February 8, 2007

The New York session started in a tight range on the 15 minute chart. However, price was bouncing off of the 200 EMA on the hourly chart. It was also being supported by the Support Pivot Point (S1). All we needed was a clear break to the upside for a target of the Resistance Pivot Point (R1). With a breakout strategy such as this, its a good idea to use Fibs and Pivots, as they are your leading indicators. Live FOREX Training | Everyday! http://www.fxbootcamp.com

Duration : 0:12:28


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This entry was posted on Friday, March 5th, 2010 at 10:26 am and is filed under Forex Trading Education. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

6 Responses to “FOREX Training | FOREX Trading – February 8, 2007”

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  4. Good example of a …
    Good example of a range breakout and being patient enough to enter on a pullback to the range (former resistance is now support). Also good remarks near the end on developing consistency which will build your confidence.

  5. [...] more from the original source: FOREX Training | FOREX Trading – February 8, 2007 | Forex Commentary By pivot | category: pivot, pivot point | tags: being-supported, breakout-strategy, [...]

  6. [...] View original post here: FOREX Training | FOREX Trading – February 8, 2007 | Forex Commentary [...]

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