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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

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

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

The US dollar continued its recent strength across the major currency pairs during a day light on economic reports. A blend of fundamentals and technical analysis pointed to the EUR/USD as a viable prospect for a short trade at the open of the New York session. Pivot points and currency correlation provided excellent guidance on selection of the profit target for a 60-pip trade on the euro.

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 …

Although the EUR/USD managed a net move of just 2 pips from New York open to London close, there was an opportunity for a conservative and moderately profitable trade on the currency pair. Japanese yen strength, a theme seen broadly during today’s Asian session, returned at the start of the session, pulling the EUR/JPY pair down 100 pips. A weak British pound dragged the GBP/USD down nearly 200 pips following chancellor Darling’s pre-Budget report.

Yesterday saw extremes for the year matched on multiple fronts; to wit, the USD/CHF currency pair tapped its 2009 low just north of parity, the EUR/USD and S&P 500 formed double top patterns with last month’s highs, respectively, and the US dollar index matched its 15-month low. Today, the dollar found new vigor. During the New York session, a 65-pip short trade on the euro started at overlapping sources of resistance lines, and ended at a confluence of support lines.

During today’s pre-London session and then into the first hour of the London open, we were dealing with some short term British Pound weakness and Japanese Yen strength, a quality setup for a GBP/JPY short, that was very easy to plan for trade entries and targets prior to pre-London beginning. In this video I show why I looked for these setups to begin with, and how both I went about initial entries prior to the London session I coach, along with some reloads we took together in the London …