5m 47s: Lenght

In this video, The Trader Guy looks at the GBP/USD pair after the January 2nd session. The pair has spent part of the day breaking out above the 1.63 handle, an area of serious resistance. The market was reacting to the agreement by Congress in the United States involving the "fiscal cliff." However, gains weren't held, and this video shows why it is safer to wait until the daily candle (or whatever time frame you are using) to close in order to make a trading decision. The video is just a sample of the free information available in the forums at http://www.thetraderguy.com which features hours upon hours of free videos. If you like what you see - come on over, we are always open!