Forex Story

Asia’s activity today left us with a little cloudy picture on several pairs coming into London. We definitely had clear direction on many pairs but found ourselves near interim support/resistance on the same pairs as London was opening, so what we needed were some pullbacks. One such pairing was the GBP/USD today, which found itself pulling back to a near perfect Fibonacci zone which overlapped multiple types of dynamic ema resistance exactly as London opened. While this entry was ideal, should one have missed this entry (which sadly I did due to my alarm being 2 pips further), how could we try and still enter this trade conservatively and not feel like we were price chasing. Well in this video I show you how I walked the FXBootcamp room through that very process. Ultimately it offered us two opportunities to join this move, one ended up break even while the other ended up a 50-60 pip traded depending how you decided to take profit, near or at the Weekly Central Pivot point. Regardless of your bias on a pairing you still must be able to build a trade plan with acceptable risk parameters or you simply should not take the trade. This video shows how we finally were able to make the risk/reward make sense to join this in the middle of it’s move. FXBootcamp London Currency Coach- Christian Stephens

While Asia into pre-London offered us a fantastic short term GBP/JPY pullback long off of a weekly m1 reversal pivot point, London was setting up to offer us an even better reload to the downside direction that our Daily trap break began yesterday. In this video I discuss in detail how we pre-determined the area we were looking at as resistance, how we isolated that region, and ultimately what we looked for specifically to enter the short with confidence, all while keeping risk as low as possible. This trade worked fantastically, partially helped by negative GBP Retail Sales news later on, and if you kept it long term continued well into the NY open. Fantastic trading week for sure, have a great weekend! fxbootcamp London Currency Coach- Christian Stephens

Normally when I make a video I focus on a complete trade setup, start to finish, that we 100% planned/executed in the London session classroom, I do not like to make a video’s on things I did not cover totally live in the classroom. Today however, by member request, I am making a video on a GBP/USD short trade plan that I planned and executed prior to taking the London microphone. Although we did have some minor short term reload activity during the London session, this video is meant to …

Since the weekend I had spoken in length in the London FXBootcamp session about seriously developing 4hour MACD divergence on every Japanese Yen pairing I could pull up. About a third of the way into today’s London session we began to see hints of a change in direction, such as USD/JPY having an hourly lower high, then breaking it’s recent price trap’ support level in the 15m chart. In class we covered the trade plans for shorting the GBP/JPY, EUR/JPY, and USD/JPY, and any trader could have …

We began today’s London session already enjoying a decent GBP/USD short trade from pre-London. However, we find ourselves at a Weekly central pivot point, and 4 hour 21 ema exactly at London open. Even if there would be further downside in the British Pound’s future, opening a major market at support is always something to be very aware of, and probabilities are that we will head up from that point, at least back to some sort of Fibonacci pullback zone. In this video I show first how we …