forex trading market place is the largest fiscal market on the Earth, where currency is sold and bought freely. In its present shape the Forex market was established in the mid-seventies, when free exchange values were introduced, and only the participants of the market decide the value of 1 currency against another proceeding from requirement [...]
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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
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UK retail sales is usually a high impact forex news that moves the currency market significantly, watch how I analyze the market, wait for proper retracement, and get in at the best optimal entry for a quick 50 pips of profit… market continue to move and gave traders that followed my signals even more pips… this is typical of what I do daily in my live forex trade room.
The US dollar gained ground against the euro after ECB staff’s revised eurozone GDP projections were released during today’s New York session. While the short trade entry level on the EUR/USD was justified by a plethora of nearby resistance, the nature of the preceding move made the scenario a test of mettle. Traders who took the shot were rewarded with a profit of up to 70 pips [depending on entry and exit strategy].
After a tremendous response from the FOMC statement yesterday on the USD, we found ourselves rather extended opening London today. While the EUR/USD was a tougher read, the GBP/USD was issuing many clues to it’s upward intentions after already making it’s way to a nice overall 38.2 Fibonacci pullback pre-London. Using additional correlation with the EUR/GBP, we were able to indicate several reasons that the British Pound Sterling should gain against the USD today more than the Euro. Once …
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 …
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 …
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