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Duration : 0:10:0
On a very active London FX session you pretty much could have focused on any pairing for pips. This is a breakout trade plan of the USD/CAD from the Daily chart channel that has contained price for almost 5 weeks. Using a combination of stochastic crosses on 15m and 3m charts, fibonacci retracements/extensions, pivot points, and EMA’s we were able to fairly accurately enter at the breakpoint with minimal risk if we were to be wrong. The result was anywhere from 75-120 pips from the Loonie depending on entry on a fairly fast breakout move.
Duration : 0:12:20
GBP/USD was in a very definable price trap during today’s pre-London market. We had a series of Higher lows without any higher high’s. We were approaching an inevitable apex of the small 15m triangle right as the London market was opening. A breakout or break/trap plan was a very acceptable plan to at least the 4 hr 21ema, with a possible overall target with overlapping pivots etc. around 179.15. After the breakout this video walks you through how we step by step ‘loaded the boat’ at each Fibonacci pullback for a nice 70-100 pip trade (not including the reloads compounding effect). This was a very technical trade that could still reach it’s ultimate goal today if Britain does not cut rates today. Another day another set of pips! Have a great weekend folks.
FXBootcamp London Currency Coach-
Christian Stephens
Duration : 0:14:10
GBP/USD was in a very definable price trap during today’s pre-London market. We had a series of Higher lows without any higher high’s. We were approaching an inevitable apex of the small 15m triangle right as the London market was opening. A breakout or break/trap plan was a very acceptable plan to at least the 4 hr 21ema, with a possible overall target with overlapping pivots etc. around 179.15. After the breakout this video walks you through how we step by step ‘loaded the boat’ at each Fibonacci pullback for a nice 70-100 pip trade (not including the reloads compounding effect). This was a very technical trade that could still reach it’s ultimate goal today if Britain does not cut rates today. Another day another set of pips! Have a great weekend folks.
FXBootcamp London Currency Coach-
Christian Stephens
Duration : 0:14:10
After the tremendous recent leg of the USD strength Friday, and the decent GAP trading on the Sunday open, we were cautious entering London. Most major pairs had trended strongly and all hit the next substantial support/resistance areas. A pullback looked more likely than anything, so we zoomed in on the majors to get a real fix on the USD. In this video I show you how we walked the room through a conservative, low risk, high reward entry on a EUR/USD long that gained 60-100 pips depending on entry & profit taking, using a not a lot more than a higher high. This was also the case with AUD/USD (in the video) GBP/USD and basically any USD pairing. The trend may not necessarily be over, but profit taking pullbacks were fairly easy to spot during today’s London. Several hundred pip day, love starting the week this way.
FXBootcamp London Currency Coach -
Christian Stephens
Duration : 0:11:53
