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.
FOREX Trading Review Video 02 OCT 09 EUR/USD (+ 138 pips)
Posted: October 29th, 2009 under Forex.
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
keep them coming
Comment by youshitface — October 29, 2009 @ 11:40 am
great stuff , look forward to your new website.
Comment by 1stavros1 — October 29, 2009 @ 11:40 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
Comment by sionsmith — October 29, 2009 @ 11:40 am