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FOREX Training Video | New York Session March 10, 2008

Comments made during a speech by European Central Bank president Jean-Claude Trichet triggered a lower low for the EUR/USD during the first hour of today’s New York session. Although the pullback did provide a logical entry point for a short trade, the euro failed to extend lower on a day devoid of major U.S. news. The yen crosses, mostly mixed through the first half of the session, surged lower across the board as equity markets sold off following a new record high in oil prices. Traders who took a short trade entry on the GBP/JPY at the re-test of European session lows, then saw a classic two-speed move — price first riding the Bollinger Band, then riding the 5 ema. Those who took profit at today’s M1 pivot point netted about 140 pips.

Duration : 0:15:32


[youtube Mu8O8LEg21I]

This entry was posted on Wednesday, May 26th, 2010 at 6:52 pm and is filed under Forex Forum News. 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.

5 Responses to “FOREX Training Video | New York Session March 10, 2008”

  1. Great video, …
    Great video, thanks!

  2. Great video, …
    Great video, thanks!

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  4. A comment recently …
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  5. interesting, thanks …
    interesting, thanks for briefing

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