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FOREX VIDEO - New York Session Review - November 5, 2009

Posted on November 6, 2009 at 4:55 in Uncategorized by Curt Wehrley

The British pound exhibited a firmer tone following the announcement by the Bank of England that it would expand its quantitative easing program by £25B, less than the market consensus of a £50B increase. That fundamental news, in combination with prior visual support, moving averages on multiple time frames, a trendline, and a Fibonacci retracement level, contributed to a trade plan for buying the GBP/USD currency pair soon after the U.S. equity market open. The long trade on cable yielded up to 70 pips [depending on exit strategy].

Curt Wehrley
FX Bootcamp’s Quantitative Analyst

Tags: BOE, Cable, Curt Wehrley, GBP/USD, New York session, Pound, quantitative easing

7 Responses to “FOREX VIDEO - New York Session Review - November 5, 2009”

  1. on 06 Nov 2009 at 7:04 am1Chook Dii

    Thanks Curt.

  2. on 06 Nov 2009 at 9:34 am2Ron Wilson

    GREAT video. Clear with outstanding information and an analytical approach that I can use in many situations. Thanks!

  3. on 06 Nov 2009 at 9:59 am3James Harris-Dewey

    I really appreciate the effort you put into your videos Curt. I always learn from them despite participating having participated in the live class. Many thanks.

  4. on 06 Nov 2009 at 11:39 am4Bill H

    Curt, Great video. For those wondering, yes Curt did set that trade up WELL in advance of rate announcement. Just another day in Bootcamp, thanks.

  5. on 06 Nov 2009 at 11:56 am5Brian Durning

    Curt,

    As always, a great wrap up.

    Many Thanks,

    Brian

  6. on 06 Nov 2009 at 11:58 am6adeel

    gr8 work..appriciate ur analysis…

  7. on 06 Nov 2009 at 4:00 pm7anoong

    thanks very much….i gained a knowledge from u…

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