FxBootcamp
  • Home
  • Join our trading community
  • Back to FXstreet.com

FX Bootcamp

Video Trade Journal by Wayne McDonell, FxBootcamp.com

Subscribe

Subscribe Subscribe Subscribe using Netvibes
Or subscribe via email:

Categories

  • Uncategorized

Archives

Recent Comments

  • AW on FOREX VIDEO - European Outlook May 10th 2011
  • hastings on FOREX VIDEO - European Outlook May 10th 2011
  • Rana on FOREX VIDEO - ASIAN OUTLOOK MAY 10TH 2011
  • Rana on FOREX VIDEO - European Outlook May 10th 2011
  • Jay on FOREX VIDEO - European Outlook May 10th 2011

Tags

4hr 4x 5ema 21ema 200ema breakout Cable Christian Stephens continuation correlation CPP currency currency trading Curt Wehrley Daily daily range david pegler Dollar EUR/GBP EUR/JPY EUR/USD Euro Fibonacci Forex FX fx bootcamp FXBootcamp GBP/JPY GBP/USD London money New York session NFP pivot points Pound pullback Rob Helean role reversal scalp support technical analysis TRADING USD USD/JPY USD Index

FXstreet.com Weblogs

  • CEO's Weblog
  • Wayne McDonell
  • Dr. S. Sivaraman
  • Valeria Bednarik
  • James Chen
  • Ross Yamashita
  • Raghee Horner
  • Ron Schelling
  • César B. Leiceaga
  • Ian Coleman
  • Greg Michalowski
  • Mike Baghdady
  • Dale J. Pinkert
  • Trader of the Year

Links

FOREX Training Video | London Session October 10, 2008

Posted on October 10, 2008 at 11:55 in Uncategorized by Wayne McDonell

With the markets in the world dropping 7-10% overnight again, things were very choppy as expected during today’s London session, NY should be the place to be today. Basically we had ranges all over the place, and had to stick to a pure support/resistance strategy in our planning. In this video I demonstrate how we put together a long trade setup on the Eur/Usd, planning for continuation. This video shows the importance of locking in break even after some profit, and locking in some profit along the way. As once we got 50ish pips in profit, things abruptly turned against us. Our number one goal at bootcamp is Capital Preservation. Without profit stops a loss would have occurred. Overall the plan that had a first target of 75 pips made it to 54 pips before reversing. Worse case scenario for most was a MAP stop of +15-20 pips. (MAP = Minimal Acceptable Performance of 15 pips.) What a crazy week indeed, be careful in NY today folks.

FXBootcamp London Currency Coach-
Christian Stephens

Tags: 21ema, 5ema, Christian Stephens, continuation, EUR/USD, Fibonacci, Forex, FXBootcamp, London, MAP, pivot, pullback, support

4 Responses to “FOREX Training Video | London Session October 10, 2008”

  1. on 10 Oct 2008 at 9:31 pm1Albrecht

    Having big troubles to view the video. Just a stop and go with a lot of echos.

    What can I do?

    Best regards

    AWK

  2. on 10 Oct 2008 at 9:41 pm2Trevor

    Thanks Chris, It is good to watch recaps of your trades in order to improve my understanding and use of the various indicators.

  3. on 11 Oct 2008 at 9:39 am3Diana

    Great video, thanks!

  4. on 17 Oct 2008 at 11:52 am4Meer80

    Great …..!!!!!!!

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

© 2010 "FXstreet.com. The Forex Market" All Rights Reserved.