Notes from Webinar, 11/5/09

-EG upward stop hunt 0.90 and drop
-UJ contrarian move with EG. Yesterday Yen cross rise then drop.
-Players alternatively trap players. Understand long term trend.
-EG UJ drop, trypical contrarian during japanese session. Drop Yen, then drop EG.
-UChf, EU -22, +9 positive, will drop, then rise. Below 1.51, down stop hunt, then rise.
-AU, came to high 0.9110, will drop.
-UCad, accumulated shorts, now rise.
-Only make Yen contrarian moves.
-For data release moves: Above high, then low hit stops, then go above, then drop below

EURO: 1.4867 then drop
GDP: volatile moves, go above high then drop
UChf: making consolidating to drop, then rise
UJ: open lower and will make drop towards close of Japanese session
AU: holding closer to low, rise then drop
UCad: similar to UChf, will rise and fall

-During month beginning, trend reversal time.
-Trade denominator currencies, end of drops. Take buy when they hit lows.
-Slow drops will be for days, Quick drops will reverse.
-EU GU, before data they make false move. grab profit quickly. After data, wait for 30 mins, settle price, then take position if high/low not being cut.
-Positions trading, take a positions with 1 mini lot, then if it goes against, average you position with another mini lot 100 pips away.
-Markets expected to drop until Nov. 11. Subject to change depending on whether the drops are quick or slow.