Forex Live Room Review 5-15-2013
Today was a great day, as we hit 3 GBP/USD trades. The methods we used today had a high degree of accuracy, my weekend work has sure paid off! The first trade was placed in Asian session last night and hit target for over +40 pips. This trade was well thought out and was based on an important level that I mentioned several times in the trading room. We came into the morning with two more successful trades each averaging in 20-30 pips. We focused on these scalp setups using our Forex strategies that we teach daily in our Forex live room.
Here is a quick peek at one of my charts. You will see the trendline on the daily chart broke on the GBP/USD. We have been playing this trade long and short for 3 days. If you would like more info on our Live Forex Room services.
Forex News Today
Mortgage numbers came out weak today and this allowed us to use some of the volatility in our favor. We also had Empire State Manufacturing Index that came in lower than expected at -1.4%, they were expecting 3.6%. Some talk out there on Wall Street about home prices overvalued. I disagree, I did not even know they rebounded. At any rate here is an interesting CNBC video.