This is a video summary of the Live Forex Trading Room session on November 6, 2007.

Today’s Summary, by Sunil Mangwani:

Mondays are usually slow days and today was no different - most of the currencies did not give us good technical setups. But I’d like to take this opportunity to discuss a particular strategy with you.

One of the strategies we teach at FX Instructor, called the GBP/USD Breakout Strategy, also known as the “Power Hour” strategy. We have refined this strategy and made it much more effective. This is a very powerful strategy, but there is one drawback - the rate of occurrence is relatively low. Maybe 3-7 times a month on average. However, when it does occur, the success ratio is astounding - we have the track record on our site if you want to have a look. (more…)