The market wasn’t moving that great today. However, the GBP and the CHF both moved in predictable ways during the Asian and European sessions. Other than that, it was a tricky range bound day. For these trades, Fibs and Pivots we essential trading tools. Live FOREX Training | Everyday! http://www.fxbootcamp.com

A very technical trading day today. We had a moving average cross right at the New York open. We then had a straight forward news trade. Lastly, a text book channel break. Nothing fancy… just business as usual. LIVE FOREX TRAINING | EVERYDAY! http://www.fxbootcamp.com

There was a big FOMC interest rate decision last night that really drove the market up. Today was a “cool down” period. Price returned to a reasonable level… a 50% retracement and the 200 EMA. Did the prevailing trend continue? LIVE FOREX TRAINING | EVERYDAY! http://www.fxbootcamp.com

GBP, CAD and JPY all had HUGE days today. The rest of the market was choppy in their wake. Moving averages and pivots helped with entries and exits today. Live FOREX Training | Everyday! http://www.fxbootcamp.com

Full currency correlation for most of the US Session today. This allowed for several great trades using candlestick patterns, stochastic divergence, pivot points and fibonacci studies. LIVE FOREX TRAINING | EVERYDAY! http://www.fxbootcamp.com

Today’s Retail sales were not good. EUR/USD should go up… right? How far? What has it done in the past? You’d have to look at June 14, 2005 to see what today’s results could produce. Isn’t it intersting how history can repeat itself? LIVE FOREX TRAINING | EVERYDAY! http://www.fxbootcamp.com

We did not get an extension of the USD’s strength from from the NFP revision on Friday. This offered a buying opportunity for the EUR/USD. Fibs and Pivots were essential for both the European and New York Sessions today. LIVE FOREX TRAINING | EVERYDAY! http://www.fxbootcamp.com

Today’s NFP # came out as expected, but once again, the previous months results were drastically revised upward. This gave strength to the USD. A Fib Retracement predicted a Fib Extension that overlapped a key Support Pivot Point. This convergence was a great profit target for a conservative and repeatable trade. LIVE FOREX TRAINING | EVERYDAY! HTTP://WWW.FXBOOTCAMP.COM

Fibonacci Retracements from yesturday’s trading range overlapped perfectly with Fibonacci Extentions from today’s the New York open. This convergence of Fibs also happened to the the Support Pivot Point… Guess what? This was an important level to watch! LIVE FOREX TRAINING | EVERYDAY! HTTP://WWW.FXBOOTCAMP.COM

The markets are still on fire and the USD is gaining ground. When you are in a fast trend, its best to use leading indicators, such as Fibonacci Studies, as your guide. In this case, 61.8% retracements predicted 138.2% extensions on the Asian and European opens. Both were correct! LIVE FOREX TRAINING | EVERYDAY! HTTP://WWW.FXBOOTCAMP.COM