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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”

on 06 Nov 2009 at 7:04 am1Chook Dii

Thanks Curt.
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!
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.
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.
on 06 Nov 2009 at 11:56 am5Brian Durning

Curt,

As always, a great wrap up.

Many Thanks,

Brian
on 06 Nov 2009 at 11:58 am6adeel

gr8 work..appriciate ur analysis…
on 06 Nov 2009 at 4:00 pm7anoong

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

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

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