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Trading Strategies Interview with Nial Fuller

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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London opened today looking very much ready to provide another leg of further retracement on the long term drops we had recently enjoyed on many pairings such as GBP/USD and EUR/JPY. In this video I focus on the trade plan for the flip of the EUR/JPY. The speculative entry off the hourly 21, the short term higher risk Fibonacci entry, and then the more conservative pullback entry plan, any of which paid you 50+ pips with relative ease. FXBootcamp London Currency Coach- Christian Stephens

As we reviewed the charts today prior to our London open, it did not take long to realize that many of our pairings were in a bit of a consolidation period coming into th London morning. These ranges however had indeed been tightening as London neared, and looked poised for a possible breakout sometime between London and the New York morning. As it turns out London itself turned out to be a lot of entries, but very few pips, as nearly everything we took started up 20-30 pips only to end up stopped break even. Wonderful day for a scalper or price scaler maybe, but not for sustainability. However, in this video I highlight one such trade plan that took nearly all night to finally start to pay off something substantial and that was the EUR/GBP. As discussed in the video we found ourselves in a tight apex which finally had a break below the support, and then it was just a matter of awaiting the pullback that actually offered 3 opportunities for one to enter before getting a move on. Hey take what you can get ya?! FXBootcamp London Currency Coach- Christian Stephens

During a testimony to a joint economic committee of US Congress, Federal Reserve chairman Ben Bernanke reiterated the central bank’s pledge to keep its main interest rate low for an extended period. The subsequent dollar sell-off lifted the EUR/USD currency pair more than 50 pips to its daily R2 pivot point.

The Yen surged on news that the SEC brought fraud charges against Goldman Sachs. The news prompted a sell-off in US equities which heightened the sense of risk aversion in currency markets benefiting the Japanese currency. Also, oil and gold tumbled which weakened the Canadian and Australian Dollars. News Provided by FXTimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.

Pre-London gave us some clues, along with one trade that ended up stopped out break even on the GBP/USD pairing. We had many clues of an impending rise, at least on the short term. In this video I show in detail how we planned, and ultimately confirmed our entry reasoning/criteria, primarily using Fibonacci, 21 ema’s , macd, stochastics and higher lows. Also, why we took significant profit pretty much exactly at what ended up being the top of the move. This top turned out to be a reversal point for the remainder of the London session going into the British rate announcement due this morning. This entire move took place within the first half hour of the London open, a quick 60-70 pips when played properly, nothing wrong with that one day before NFP. Have a great weekend! FXBootcamp London Currency Coach- Christian Stephens

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