Here’s an FX video of two back-to-back trades on cable (GBP/USD). This was a great trade because, by remaining disciplined, I was able to capture two straight profitable longs on the Pound-Dollar. The chart below is on the 15-minute timeframe. The entries are marked with a small, blue arrow pointing to the right.

A forex day trader always want to be ready for a potential situation where he may have to re-enter the market quickly. In the first trade, the buy entry was 1.5038 at different FX Fusion levels of support and I took my profits at the next level of resistance (1.5074).

When I noticed that the price had came back down to the support area where I had entered originally, I decided to go long again; so the second buy was at at 1.5038 and the exit was also 36 pips higher.

01/08/09 Two Back-to-Back GBP/USD Longs

If the forex video looks too small, click on the image and you’ll see it a bit larger on YouTube.

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