FOREX VIDEO REVIEW: London Session December 29, 2008

Posted by admin - 17/02/09 at 04:02 am

Our first day back trading after the Christmas holiday still finds us, as expected, in a relatively thin trading market. That being said, Capitol Preservation is our primary focus this week without a doubt, no need to take silly risks. In this video I discuss in great detail how we spotted initial British Pound weakness during the London open, and how we translated this weakness into two technical short entries using the GBP/JPY pair. The hardest part was simply having the patience to wait for the pullbacks, which both happened eventually, a price chaser got hurt here most likely. However, with the market being so thin, profit taking was far trickier than normal as you could have easily watched 60+ pips profit stop you out break even twice. Jack be nimble Jack be quick… nothing wrong with a few 50-60′ish pip scalps, hey it all adds up at the end of the day. Happy Holidays!! FXBootcamp London Currency Coach- Christian Stephens

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FOREX VIDEO REVIEW: London Session December 29, 2008

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