Great currency correlation today. This helped us trust our pivot points when creating our trade plan for the day. Once the M4 held the GBP up, the EUR was cleared for take off. Resistance was broken and profit levels at the Fibonacci Extensions of 138.2% and 161.8% were achieved. Live FOREX Training | Everyday! http://www.fxbootcamp.com

Quarterly GDP, New Housing Data, and Oil Inventories… what a busy FOREX day! In the end, they were not much more than great opportunities to lose money. Using Pivot Points kept conservative FOREX traders out of the market and out of the red. Live FOREX Training | Everyday! http://www.fxbootcamp.com

Our nice uptrend is holding… but showing divergence. This indicates that as price continues up, weakness increases. Maybe not today, but a pull-back in USD strength is becoming more likely as time goes by; perhaps at the 1.3200 double top? Pay close attention to the Pivots and Fibs. Notice how well they work as leading indicators.  Live FOREX Training | Everyday! http://www.fxbootcamp.com

It was a flat day with no news on the calendar. Not a great forx trading day. The market is still getting used to the US Dollar low. We’ll just consolidate here until new momentum is created tomorrow. Today’s forex trading strategy was “Capital Preservation”. Live FOREX Training | Everyday! http://www.fxbootcamp.com

It was a fast moving market today. Such momentum will break forex reversal pivots, but give you great opportunities to use them as entry points. Fibonacci extensions were simply awesome, giving us a range of 161.8% to 261.8%. Happy Thanksgiving everyone! Live FOREX training | Everyday! http://www.fxbootcamp.com

Focused on trading the USD/CAD forex pair again today. Using a breakout strategy, we targeted the M4 Reversal Pivot Point, which also happened to be the 121.4% Fibonacci Extension of Monday’s range. Once that trade was complete, price returned to the 200 EMA for a full market reversal. Live Forex Training | Everyday! http://www.fxbootcamp.com

The US FOREX Trading Session started flat for the USD, so we focused on the Canadian Dollar today. After a break of resistance, price topped out at the R1 Pivot Point for a very technical trade. Oil is at a 17 monthly low and with CAD having an 80% correlation to the price of oil, the Loonie was expected to fall… and fall it did. Live FOREX Training | Everyday! http://www.fxbootcamp.com

The US Session began with some dollar strength, however with some divergence. After the news, resistance was broken and became support. Once the 200 EMA & Central Pivot Point were broken, the EUR/USD had room to run! Live FOREX Training | Everyday! http://www.fxbootcamp.com

A whole lot of Fundamentals today. Trade cautiously. Be careful of whip-saws. As the news was released, we used Fibonacci Retracements and Pivot Pivot points as our main indicators today. However, no conservative or repeatable trades made themselves available and it was best to just not trade. Live FOREX Training | Everyday! http://www.fxbootcamp.com

The market was on hold for the FOMC mintues late today and CPI data tomorrow. Not much action. Lucky for us, we also had the oil inventories release, which means we had the opporunity for a CAD trade. It was just what we needed. Live FOREX Training | Everyday! http://www.fxbootcamp.com