Forex Trader | Rates | Charts | News | Pips | » map http://forextrader.org Your Source for Forex Trading Products Fri, 30 Jul 2010 21:51:44 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 FOREX VIDEO REVIEW: London Session June 22, 2009 http://forextrader.org/2009/06/forex-video-review-london-session-june-22-2009/ http://forextrader.org/2009/06/forex-video-review-london-session-june-22-2009/#comments Tue, 30 Jun 2009 14:17:31 +0000 http://forextrader.org/2009/06/forex-video-review-london-session-june-22-2009/ We began today’s London session already enjoying a decent GBP/USD short trade from pre-London. However, we find ourselves at a Weekly central pivot point, and 4 hour 21 ema exactly at London open. Even if there would be further downside in the British Pound’s future, opening a major market at support is always something to be very aware of, and probabilities are that we will head up from that point, at least back to some sort of Fibonacci pullback zone. In this video I show first how we …

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FOREX VIDEO REVIEW: London Session June 22, 2009

]]> http://forextrader.org/2009/06/forex-video-review-london-session-june-22-2009/feed/ 0 FOREX VIDEO REVIEW: London Session February 18, 2009 http://forextrader.org/2009/02/forex-video-review-london-session-february-18-2009/ http://forextrader.org/2009/02/forex-video-review-london-session-february-18-2009/#comments Fri, 20 Feb 2009 12:19:13 +0000 admin http://forextrader.org/2009/02/forex-video-review-london-session-february-18-2009/ Today we go over a failed trade, one that did not perform as hoped, and how proper management still gave us a few pips to show for it. After some fairly decent pre-London trade setups, and a very strong British Pound break south in the start of London, we found ourselves long GBP/USD back to resistance 90 pips away (nice trade as well), but actively planning a re-short continuation off of a nice Fibonacci pullback zone, and other ema etc. means of resistance overlap around the 1.4195 area. Nearly all of the GBP/USD’s behavior up until this point was completely foretold, and confirmed via correlation with the EUR/GBP Using these overlap levels on the GBP/USD, along with the EUR/GBP reacting off support at the exact same time offered us a high quality short entry off the 15minute 21ema. In this video I break down the trade setup in complete detail, how we executed the entry, used the EUR/GBP for correlation, and also what we used to determine that the trade was becoming a failure. Using this information either led us to a manual 30 pip profit close, or at minimum a 15 pip MAP (Minimal Acceptable Performance) trade profit stop out before the pair reversed on us and made a significant higher high past our entry. Not the 150 or so pips profit we were after, but this shows how incredibly important proper trade entry + proper management is. FXBootcamp London Currency Coach- Christian Stephens

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FOREX VIDEO REVIEW: London Session February 18, 2009

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