Peter Bain Forex Trading Commentary for Thursday August 10, 2006

Since I will be on holidays until August 22nd, I have asked some Forexmentor members to fill in for me on the AM Reviews. Today's AM Review is by Seth Gregory who is not only the man behind the PM Preview and the Know Where You Live Risk Managment Toolkit but also manages a forex managed fund. Please read his thoughts with care and I will see you when I return. Good luck with your trading.

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Forexmentor.com Forex Trading Price Action

There was some nice trading last night. The trade analysis that we did during the PM Preview prior to the London open yielded us some nice pips and was much easier to do then gamble on trading such a big news event as the release of the US Federal Reserve rate announcement (just a reminder there have been two great technical trade setups since the London session AFTER US Federal Reserve announcement). Also, my apologies for the video and audio issues in the last two AM Reviews - it seems that we now have that issue resolved - thank you for your patience. Keep an eye on the inclining triangle on the higher time frames in the EURUSD - key to being a good trader is to start seeing setups in the future.

Seth Gregory
(filling in for Peter)
forexmentor.com