FOREX VIDEO – New York Session Review – September 24, 2009

Bank of England governor Mervyn King told a local UK newspaper that the country’s banking sector is “not in good shape,” and that he saw the decline in the British pound as “helpful” to re-balancing of the country’s economy. When the market got word of King’s comments, sterling got smoked. Multiple short trade setups on the GBP/USD currency pair materialized during the first hour of today’s New York session. Those who shorted the cable realized a profit of up to 170 pips [depending on entry and exit strategy].

13 Responses to “FOREX VIDEO – New York Session Review – September 24, 2009”

  1. kjguest30 says:

    great video, thanks curt!!

  2. asturius says:

    Thanks Curt. Excellent review as always. Especially helpful to me is the emphasis on price action at S and R. Your use of correlations is also quite usefull.

  3. 1yakko1 says:

    great analysis

  4. DDDianaDDD says:

    Great video, thanks!

  5. DDDianaDDD says:

    Great video, thanks!

  6. nqangel says:

    Hi, great video!

  7. nab11 says:

    Thanks for your help rnp1thx!
    Hope the service at GFT Singapore is better.

    Thanks to wadams19 too.. the default Fib which you mentioned is for retracement, which I am aware of, many thanks though!

    Cheers to more pips!

  8. cadelevans says:

    Curt man that was a really helpful video!!
    Thank you very much!!

  9. wadams19 says:

    hey nab. you probably have fibs. you just have to activate it in the toolbar.

    here’s what you do:
    -right click on the chart and select “configure drawing toolbar”
    -a window opens up where you can add the drawing tools you want to be viewable on the toolbar

  10. rnp1thx says:

    nab11- GFT doesn’t have fib extensions in the menu. Ask and re-ask tech support to give you the ‘secret’ code for ChartStudio to build Fib extensions. Sometimes it takes knocking a few heads there in Chicago! They often look at us traders as pests when we want them to provide us with real service! I find a batch of lazy guys and one or two excellent folks. Just like anyplace! For example, isn’t Curt great! Careful and knowledgeable!

  11. jadedrk says:

    Good

  12. nab11 says:

    hey Curt! How does FXbootcamp get FIB extensions on the GFT platform? my GFT does not seem to have it. Many Thanks

  13. nab11 says:

    Awesome commentary, love how you guys analyze based on the correlations of the currencies and markets. Great stuff.

Dansette