Tuesday, April 13, 2010

Forex Day Trading Room

EUR/USD [caption id="attachment_800" align="alignnone" width="300" caption="FXDMG"]FXDMG[/caption] Above is a 4 hour chart of the past month. The white line and the dashed line are almost on top of each other and represent the price action and the Pivot Point for the 4 hour chart. A little over an hour from the New York opening and not a lot of activity right now but we had a few good kicks at the can. The Market stayed nicely between the BB and was easly caught on the 1, 5, & 15 min charts. There are 5 news items coming out at 12:30 GMT (16 min from now) and I think we will stand aside until after. FXDMG

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