Thursday, September 14th, 2017

FOREX VIDEO REVIEW: London Session February 12, 2009


Today’s London session started off with a bang! We found ourselves in a very definable triangle price trap pre-London which was breaking just as the London boys sat down to play along with the rest of us. The top of the day had started with a bounce off the daily central pivot point/hourly 21ema, and now it was quite obvious money was starting to change hands at the open. Once the lower low/break had occurred we verified the British Pound’s intentions using the EUR/GBP pair which was correlating perfectly with Pound weakness at that time, as illustrated in the video. Then using a simple Fibonacci retracement study on a short term chart we were able to identify our best area of reward vs. risk for entry, then off to the races we were. Then around 20 minutes after the open we identified one additional pullback entry opportunity for those who missed the initial entry. In this video we discuss in great detail how we setup this trade plan, which could have been taken on any pound pairing (GBP/USD, GBP/JPY, GBP/CHF, EUR/GBP), projected our targets, and finally took profit at the daily S2 reversal pivot point. What a wonderful session to be short the British Pound Sterling. FXBootcamp London Currency Coach- Christian Stephens

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Comments

4 Responses to “FOREX VIDEO REVIEW: London Session February 12, 2009”
  1. keris80 says:

    Thanks for sharing the knowledge Chirs

  2. keithdi says:

    Thanks for the detail and insight in these trade reviews. Your efforts for this video are much appreciated Chris.

  3. DDDianaDDD says:

    Great? video, thanks!

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