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Forex Video Forecast: GBPUSD and EURJPY : Yesterday's Trades 70+ and 120+ Pips

Posted 11-03-2009 at 08:02 PM by ForexActiveTraders
The GBPUSD trade from the last post ran over 70+ pips, please validate with the video from the last session. The GBPUSD has the weakest setup of the pairs we are looking at. There is a resistance level from yesterday’s high and today’s high and a trendline we will look to develop our trades around. Please take a few minutes to view the following video for the trade setups that we are looking to develop. Thank you for viewing our forex training video.

The EURJPY trade from the last post ran over 120+ pips, please validate with the video from the last session. The EURJPY has created a nice trendline today for a short term support and there is a 4 hour trendline and EMA as resistance to the upside. These two technical trading barriers will what we develop our trades around. Please take a few minutes to view the following video for the trade setups that we are looking to develop. Thank you for viewing our forex training video.

http://www.youtube.com/watch?v=NZOO5I0bRu4

Good Hunting,

Seth Gregory
www.forexactivetrader.com
www.fxdailytrades.com
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BIO:
This blog is to help 1000s of more traders find and see real trades BEFORE they happen. We look at price action in the LIVE market, we train you to trade the Forex in the LIVE market. To help those wanting to learn to trade to know that anyone can learn to trade. We are sick and tired of the 'monday morning quarter back' information that so perfectly shows what you should have done. Join us in looking ahead at that markets and what we should DO in advance. Trading is not about magic, it is about consistency. Please take full advantage of these LIVE Forex training sessions posted here and if you wish at www.forexactivetrader.com

Email us with any suggestions: sgregory@forexactivetrader.com

Follow the money not the hype- following the money gets you better trades AND makes you a more successful trader.


The www.forexactivetrader.com
program was released in 2006 providing 1000s of members with technical analysis, specialty trading tools and trading education. The forexactivetrader.com program is conducted with members during the LIVE market where LIVE analysis and trading support are conducted on all currency pairs and time frames. The program is conducted by asset managers providing real world experience. Please see the free Forex education we are developing at www.fxdailytrades.com.



TRADING METHODOLOGY
www.forexactivetrader.com analysis is based heavily on technical analysis along with the blending of important fundamental analysis and using the technical analysis to find higher probability trades.

CURRENCIES TRADED:
EURUSD, EURJPY, GBPUSD, GBPJPY, USDJPY, AUDUSD, AUDJPY, USDCAD, CADJPY, EURCHF, EURGBP, EURCAD, USDCHF, CHFJPY, NZDUSD, NZDJPY. Also oil, gold, futures and equities.


Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

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