Although the EUR/USD continued on it’s merry way downward from pre-London into London itself, one can’t help but look for any clues/opportunities to sneak into a counter trend spot/scalp back up on the EUR/USD at least on the short term. With NFP tomorrow morning, and quite a solid extension this week on the EUR/USD drop, a short term counter seemed feasible. In this video I discuss how we setup for a possible counter trend trade, what we looked for, and how we entered/exited the trade for a 50 pip profit/20′ish pip risk sort of move before the short continued again. FXBootcamp London Currency Coach- Christian Stephens
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Pre-London completed some of our earlier trades going on and finally hit some support targets we had been after on several pairings. So here we were in familiar territory, London open at support/reversal pivot points, pretty much know what happens there, countertrend scalping back to resistance. So in this video I show one of these trades, the EUR/JPY, and how we set it up, why we did, and where the executions here. Ultimately an unexpected news release just before London lunch finished our move to it’s finally target before fully coming back down to the support zone again. Hey whatever it takes =) Have a great weekend! FXBootcamp London Currency Coach- Christian Stephens
The Dollar was a main recipient of safe-haven flows as we had further contagion fears in the Euro-zone as Moody’s placed Portugal under review for a downgrade. The EUR/USD hit a 14-month low, and with oil and gold falling commodity currencies weakened as well. US equities managed to cut early losses and by noon NY-time we saw a small counter-rally to the overnight risk aversion. News Provided by FXTimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.
Todays video breaks down the Aussie dollar. I am hoping this new found selling us leading us to the front door of a new wave of buying. We also have a quick review of the video I made last Friday. There is a lot going on out there folks. Remember NFP this coming Friday. Good luck with your trading. Rob Helean
Hey everybody, this video outlook was a challenge with lots of range bound price action. I briefly take a look at Cable from an intraday perspective then focus on the Aussie Yen and Pound Yen longer term. I hope you enjoy the video and good luck!!
After sliding nearly 120 pips during today’s London session, the EUR/USD currency pair spent much of the New York session clawing back half of that drop. That euro recovery set up a 40-pip short trade, which came together during the hour before the London close.
Hi Everyone Todays video takes a look at the Pound and where my last video went wrong and why you should not have traded it. We then stick with the Pound and look at what the rest of the week should bring. We then finish the video off by looking at the USD/CAD. This pair can make some nice pips, set and forget type stuff. I think we are positioned to rise several hundred pips before looking to break the 1.0000 level again. Have a great weekend everyone. Thanks Rob Helean
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May 10 2010