Sunday, February 22nd, 2015

FOREX VIDEO – PRE LONDON OUTLOOK SEPTEMBER 21ST 2009


Hey everyone, for this Monday presentation I take a look at a small currency basket. I have constructed trade plans for the Euro USD, Euro Pound, USD Yen and Pound Yen. The USD Yen and Euro USD are both in some tight 4 hr price traps that I am watching closely for a break out. In addition to this analysis I talk about using the USD Yen and Euro Pound as proxy pairs for trading other USD and Yen related pairs. I hope you enjoy the video and good luck today!! David Pegler

View full post on Currency Trading Strategy

Related Sites

Comments

5 Responses to “FOREX VIDEO – PRE LONDON OUTLOOK SEPTEMBER 21ST 2009”
  1. countvonaltibar says:

    excellent commentary!

  2. argunes says:

    David thanks!

  3. FX582155200 says:

    Thanks David, every morning, an analysis-which are like a clock.

  4. nab11 says:

    Greetings David, I love all your commentaries especially because I trade on longer term charts to.
    I have 2 questions

    1) How do you form a bias? Understand that you are very bearish on the GBP these few weeks. Was this view formed purely based on fundamentals before looking at the charts?

    2) How do you decide which currency pair to use as a proxy of how the particular currency is moving. ie. you mentioned to use USD/JPY as a guide for all the JPY pairs.

    Appreciate your response.

    THANK YOU!

  5. fxbootcamp says:

    Nab Hi, thanks for your preguntas.No not know the basics, but I’m mostly a technical trader so my bias is based on the price action through different frames of time tables, daily, 4 h, 2 hours and every hour. As for a couple of proxy for the most part I see the pound euro and the yen USD. As currency traders essentially only of trade and Yen USD all else is just a game relative strength. Good luck David

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

*