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FOREX Training Video | London Session November 11, 2008

Posted on November 11, 2008 at 13:54 in Uncategorized by Christian Stephens

At London open today we were still within the apex of the Daily triangle on EUR/USD as well as many other pairs. Zoomed into a 15m chart we also had a series of higher lows and lower highs, for a smaller trap/triangle to work with. Right at London open the Eur/Usd wicked above the upper trap line indicating it may want to break. Upon closer inspection we noticed that we did not make any significant lows on the entire previous 1m stochastic cycle. Once the stochs recrossed up the 1m macd looked poised to do the same. In this video we highlight how we built & executed a complete trade plan on the Eur/Usd using primarily Fibonacci retracement for entry right when the 1m macd recrossed, along with Pivot points (daily & weekly) bollinger bands, ema’s and longer term Fibs for targeting. This trade even getting in after the break/retest still had a comfortable 3-1 risk vs. reward ratio before reaching it’s first resistance obstacle, which ultimately became a nice short. Not a huge trade at a 30-50 pip total, but they all add up yes?! Enjoy.

FxBootcamp London Currency Coach-
Christian Stephens

Tags: 200ema, bollonger bands, breakout, Christian Stephens, EUR/USD, Fibonacci, Forex, FXBootcamp, London, pivots, retest

3 Responses to “FOREX Training Video | London Session November 11, 2008”

  1. on 11 Nov 2008 at 7:14 pm1keris80

    Great Video Chris…Clear explanations…

  2. on 12 Nov 2008 at 6:01 am2A BBASS

    dear sir i enjoyed a little bit the demo however, i would like to request the internet speed in our countries like pakistan is variable , all over, a very high quality speed is expensive but common useage net speed is not so good to enjoy or open or play smooth you tube clip so plz if u add clip , that could be downloaded is preferred if u think better thanks any way

  3. on 18 Jan 2009 at 5:59 pm3Diana

    Great video, thanks!

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