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The USD has been quite the bull lately and we have not yet seen any reason technically for that to cease. With the situation in Greece very tense, the Euro has shown even further weakness. With this Euro weakness and USD strength we again were looking to the EUR/USD for some further clues of continuation down. In this video I highlight how we built a trade plan starting at today’s London Session around a 40′ish pip hourly price trap, break, and then retest. Once the break occurs it was time for our favorite friend Mr. Fibonacci to step in, and sure enough he coughed up several opportunities to snag a nice EUR/USD short entry to start the day. While it took all night to really follow through, it completed its drop today of 120 pips or so from the Fib in dramatic fashion with China raising it’s reserve requirements unexpectedly, causing a strong push to the 1.3550 area which also happened to be our daily M1 reversal pivot point, Profit take time! Lovely trade. Have a fantastic weekend folks! fxbootcamp London Currency Coach- Christian Stephens

The British Pound Sterling opened today’s London session looking very tired to the upside, showing things such as continuous lower highs on the GBP/USD, and higher lows on the EUR/GBP. The ‘Cable’ seemed almost destined to tag it’s 4hour 21 day exponential moving average, all we needed was a reasonable trade plan, and entry criteria with a proper risk vs. reward ratio to get us in, that we could live with. In this video I highlight in great detail, how what we spotted on the daily and 4 hour charts at first, led us to identifying a quality price trap on the 15 minute intraday chart at the London up. Then ultimately used one final lower high on a small 1 minute chart to prove our direction, build a plan, and take a Fibonacci pullback after the break of our trap for some nice pips. There was indeed volatility today, and one’s total success certainly depended on profit taking practices. However, we did indeed ultimately reach our price trap projection, along with the 4hour 21ema before a solid round of profit taking began. Patience and discipline were the key here, while a price ‘chaser’ would have gotten creamed today, the pullback trader became well fed. fxbootcamp London Currency Coach- Christian Stephens

Very sweet session indeed on quite a few pairs today. In this video I focus on just one reload entry of one of these moves, the short on the GBP/USD. We had opened London and extended right down to our daily M1 pivot point/4 hour 200 ema combination. In this video I essentially show you the plan for a re-entry into this short yet again off of a combination of Fibonacci levels, hourly 5ema, daily S1 pivot point, and 4 hour 5 ema, and targeting our S2 pivot point today around 1.6250 or so …

As we approached today’s London market open, we found ourselves in a nice continuation short on GBP/USD and GBP/JPY from a late pre-London entry. However, exactly as London was opening we found the GBP/JPY sitting exactly on the daily S2 reversal pivot point, along with also sitting on the weekly S2 reversal pivot point. How often does that occur, not often right? Anyway, we also were sitting on a trend line support for the USD/JPY (daily chart), along with GBP/USD at it’s M1 reversal pivot …

Just as we opened the London session today, we immediately found ourselves in a beautiful price trap on the GBP/JPY on a 15m/hourly basis. This trap had a very precise bottom at 157.29, which just so happened to be overlapping our new hourly 21ema, and happening exactly at the London open. Also we were bouncing off a 61.8 Fib zone and 2hr 21ema on the USD/JPY to the upside, and the EUR/GBP was starting to fall off yet another lower high itself, all at the same time. So let’s see, we have …

Today the EUR/GBP and GBP/CHF 2hr macd divergence we have seen for over a week finally was followed up by some lower highs on the EUR/GBP and higher lows on GBP/CHF. Hinting Strongly at minimum of a 21 ema pullback on these long term charts was about to occur. This meant essentially we had technical reasoning to go Long British Pound Sterling against all comers all night long at any support possible until either resistance was hit, or failure in the form of 1-2-3 pattern’s etc. There were …

Stellar day for the British Pound Sterling. We started off pre-London a bit slow, but gave no reason to doubt continuation of our GBP strength started yesterday during the London session, as the EUR/GBP was tipping it’s hand early letting us know it’s intentions for the Pound tonight.. While there were numerous GBP long related entries speckled through out the European/London sessions, in this video I focus on one of the latter entries, a News scalp. In this video I show why we felt bullish …

Pre-London kicked us off with some weak Euro and weak Swiss Franc against the US Dollar. Just as we opened our London session we found ourselves bouncing off a shorter term trend line, and primed for a perfect Fibonacci retracement overlapping with several layers of additional resistance in the form of various ema’s etc. around those same Fib zones. In this video we highlight in extreme detail how we were able to plan and execute a high quality, low risk vs. high reward short setup on the …

During Pre-London we some some strength in the British Pound, the Euro, and some weakness in the Japanese Yen. While there were some very nice trade plans that followed through nicely throughout the London session in with all of these currencies in this video we focus on the GBP/JPY long, that was indeed a rather difficult entry to feel fantastic about at first. We primarily use Fibonacci, and recognition of higher low’s in this setup to identify the opportunity, and visual resistance, daily …

Today’s London session started mostly ranging with very little clarity of direction on the short term. While we had some opportunities to do some range trading, the London open brought very clear and quick strength to the British Pound Sterling. In this video I show in detail how we were able to determine potential strength in the GBP/USD shortly before it occurred. Also, how we built and followed through on a long GBP/USD trade plan on a Fibonacci pullback after the break, over an hour …