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FOREX VIDEO – EUROPEAN OUTLOOK APRIL 28TH 2011

Hi everybody, for this outlook video I take a look at a few pound pairs. I concentrate on Cable and take a brief look at the Pound Yen. Good luck and enjoy! David Pegler

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FOREX VIDEO London Session Review April 27, 2011

With the USD being a bit rangy today working our way to today’s FOMC statement, we focused our attention on other currencies. While the Yens rocked the house, we also had a solid plan setup for the GBP/USD for a long off previous support, as well as ema, and weekly central pivot point overlaps. This is a pretty typical setup all the time for us but what made today’s long rather difficult was that major British news, in the form of GDP, was due out. Normally not a problem, just wait for it to come out and then trade right? Well when you have very high confidence in a Technical setup that you wait several hours for, and that entry finally arrives two minutes before a major news release… Well let’s just say one can become conflicted. Not taking the trade means you did not trade your plan and you will kick yourself when the entry does not return. Taking the trade prior to news could result in a very fast 40-50 pip loss which may also cause you to kick yourself for trading so close to news. This is one of those situations which is a personal choice and can be stressful. However, once you have traded for a good bit of time, you will surely discover that the best technical setups often Do occur just prior to news releases, go figure. Ultimately one must make their own decisions and stick to them through thick and thin. In this case our plan worked out tremendously well as the GDP came out in our favor and boosted us directly off our technical level for nearly 150 pips, not too

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FOREX VIDEO – EUROPEAN OUTLOOK APRIL 26TH 2011

Hi everybody, for this outlook I go back to old faithful and examine the Euro USD. Fairly simple continuation trade plan of the Asian short side. Good luck and I hope you enjoy the analysis. David Pegler

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FOREX VIDEO – EUROPEAN OUTLOOK APRIL 21ST 2011

Hi everybody, for this outlook video I take a quick look at Cable. Really just looking for reasons to continue selling the dollar. Good luck and happy trading. David Pegler

Archived under Forex News Comments (5)

FOREX VIDEO – EUROPEAN OUTLOOK APRIL 19TH 2011

Hi everybody, for this outlook I take a look at the USD Yen. I use multiple timeframe charts to gain a longer term and shorter term bias. I hope you enjoy the analysis on this one. Good luck today!! David Pegler

Archived under Forex News Comments (5)

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