Dynamic Trader Forex Blog FXCPS.co.uk

The Dynamic Trader Forex Blog

Thursday, 21 May 2009

The Euro Japanese Yen intraday review.

Good morning Dynamic Traders,

Today I am going to review the intraday trade from yesterday's blog as hopefully you will have managed well and had a profitable trade if taken.

From the image below you will see that the trade was mentioned on the 8 o'clock bar at 130.60. By six bars later, the 2 o'clock bar, there was a possible one hundred pips offered and as mentioned I had just taken that trade.

Through close management I ended with 81 pips out of this by fibonacci analysis due to the cluster and hopefully you will have had a winning trade too.

Price at present has come down since and will need re analysing for any of you wishing to trade this intraday.

















Charts courtesy of AdvancedGet.

Good luck today.

Clayton Farnworth.

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