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Tuesday, August 4, 2009

Live Webcast/Chat Room Opened Today

The first Live Webcast just ended. I'd like to thank all of you who attended. We had a technical issue and signed off earlier than expected, but I hope to see you again tomorrow. I did sign back on and had someone else join the room, and continued on until I cleared out my sell on the GBJPY.

The GBPJPY made the break below 160.85, down to the 23.6 Fib area, as discussed. The Construction PMI announcement came out on the GBP and pushed the Sterling up, and found resistance at 160.61. The blue box is the area in which I sold and then closed my trade as the price started to push back up after the news.

Thanks for stopping by the room. I will be back there tomorrow. Hope to see you there.

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