Price Action Forex Trading Strategies Tutorial
17th October 2009 by Comments OffFor More Price Action Forex Trading Strategies Video Tutorials Visit www.learntotradethemarket.com
For More Price Action Forex Trading Strategies Video Tutorials Visit www.learntotradethemarket.com
www.informedtrades.com A lesson on how to calculate profits and losses in the forex market for active traders and investors in foreign exchange and currrencies.
While we had a fair amount of trade plans during today’s pre-London and London session, in this video I focus entirely on one particular GBP/JPY short trade plan that ended up a nice 130′ish pip trade for about 22 pips of risk. In this video we take a look at how something seemingly as small as MACD divergence on a 2 minute chart around longer term resistance, while not an entry trigger, is certainly enough to start building a trade plan to go the other way. GBP/JPY had been rising off the 4 …
As we opened the London session today, we found ourselves a country mile from today’s Daily 5 ema, looking temporarily exhausted on the Eur/Usd, and Gbp/Usd, along with a few other pairs. In this video I will focus primarily on the Eur/Usd, and how we planned a conservative Fibonacci pullback trade entry risking 25 or so pips, while targeting the 4hour 21 for a 75-100 pip reward. Pay close attention to the fact that this entire trade plan begins with activity on the Daily and 4 hour charts …
FXBootcamp hopes you are enjoying this 40 hour bootcamp coaching marathon leading up to the triple witching hour on Friday, we hope to see many of you during several of these sessions. We have had signs of likely further weakness in the British pound technically this week on the Daily/4hour currency charts, such as multiple Daily lower highs among other things. So going into today’s London session rising from pre-London, while profitable, kept one very attuned to the market for a reversal …
Quite a pre-London move was in play to start today’s London session on the Japanese Yen pairings, and one could have found themselves up quite a nice amount of pips already to start the London morning. In this video however, we highlight how using primarily Fibonacci retracement levels, along with currency correlation (EUR/GBP, GBP/USD, USD/JPY) we were able to plan and execute a high quality short continuation on the GBP/JPY, since the British Pound was very weak at the time, for a …
A brief review of the week with a forecast for March 31st to April 4th.
Today’s London session opens up with the British Pound/USD pairing making yet another higher low on the longer term charts, and hinting a return to the top of it’s very clear Daily up channel, 150 or so pips away. At the same time the EUR/GBP pairing showing clear MACD divergence, and a break of it’s own shorter term (2hr time frame) trend line, indicating Pound strength for near term anyway, at least until the low 89 cent range. With this all in mind we awaited the break of today’s central …
GBP/USD counter trend trade explained. Trade not taken due to Risk / Reward – Candle formation – Fibonacci 23.6 level
The average directional Index or ADX, is an indicator that is use to determine the strength of a prevailing trend. The ADX is measured on a scale from zero 100 with a series of lines…