Pre-London today started us off proper with a weak British Pound Sterling, along with a strong Japanese Yen, providing some nice pips off a recent double top. Yet in this video I focus completely on how we were able to insert ourselves into this move as it performed a 38.2 Fibonacci pullback during the first 30 minutes of the London open. Ultimately this video breaks down how we determined our risk vs reward, profit taking zone, stop loss area, timing of entry, correlation, essentially the entire trade plan beginning to end. It amounted to approximately 40 pips risk for 120′ish pip trade which performed very well and rather quickly to boot, all the way to our M1 reversal pivot point for the day. Pullback trading at it’s best right here. Have a great weekend!

FXBootcamp London Currency Coach-
Christian Stephens

Hi Troops, in today’s presentation I keep beating the Yen drum and draw up a trade plan for Euro and Pound Yen. I make use of some longer term resistance and raw price action to develop a very simple trade plan or 2. I enjoyed making this video as it really illustrated everything that makes forex interesting, not least of all a great illustrations of market fractals. Good luck today. David Pegler

Hey Everybody. Good to be back from NY it was a pleasure meeting everybody. For today’s presentation I analyze Pound Yen. Although we had a down day yesterday that hasn’t changed the fact that we are still in a daily and 4hr uptrend. I talk about the possibility of some upside continuation and how that will take place technically. I hope you enjoy the video and good luck today. David Pegler

The GBP/USD, just after the London open today, had bounced convincingly off of the daily M1 reversal pivot point which overlapped with a very noticeable 2 or 4 hour trend line. Shortly after which, a better than expected Retail Sales number from Great Britain catapulted the Pound even further northward through the 15 minute 200ema, but just shy of the next level of resistance at the time of 4320 or so on the hourly chart (200ema). These longs were very tradeable using short term confirmation, as well as a news scalp on the Retail Sales release at 4:30am NY time. However, in this video I highlight how, the GBP/USD offered one final solid trade plan opportunity for a short term long position, especially since we were topping out prior to hitting resistance. Using primarily a Fibonacci study of the entire day’s range along with overlapping ema/sma’s all over the place, we were able to setup a long plan awaiting the 4250′ish Fib zone on the charts. Our initial plan involved approximately a 25-28 pip risk for a minimum of 60 pip gain prior to resistance, with a good shot at completing an M1 to M3 daily pivot theory move, along with a 38.2 to 161.8 Fib extension move for a 100 or so pip target. All that was required for this entry was a little patience to await the entire pullback, and a 1m macd recross. Ultimately this low risk trade paid off well with around 100 pips total profit depending on exit strategy. Great way to end this week’s London session!

Have a great weekend!

FXBootcamp London Currency Coach-
Christian Stephens

Hey Everybody. Another day, another New York trend reversal. For today’s presentation I take a look at the Pound Yen in some detail. I outline some strong support and resistance then guide you through a few possible scenarios surrounding these areas. I make extensive reference to price action being the guiding light today. Today’s trade plan requires a level of fractal market knowledge; we need to line up a number of time frames to be successful. Good Luck and happy trading. David Pegler

Pre-London today finally began the bullish British Pound/USD move off support that the 4hour MACD divergence had predicted over the last couple of days, breaking a very definable price trap. Following this break however, we did not enjoy a pullback to the breakout point like we usually do. This unfortunately left some of the more conservative entrants out of the game. In this video I break down the trade in it’s entirety, including the initial setup/plan for the trade, along with the failed initial pullback, and how using very short term charts we were able to ‘insert’ our ‘reloads’ into the long side at several 1minute swing pullbacks, while price continued to ‘Ride the 5 ema’ on the 15minute chart all the way to our initial target of the R2 reversal pivot point. Then in the late London morning how we planned our continuation fibonacci entry onward into the London lunch. Very nice trade, especially if you traded not only the GBP/USD but a Pound basket.

FXBootcamp London Currency Coach-
Christian Stephens

Hello traders. For today’s presentation I present the equivalent of a currency trading buffet. I build and revise trade plans for the Euro, Pound Swissy, Pound Yen and Aussie USD. Each currency pair is positioned uniquely in terms of time frame and technicals. I use all the clubs in the bag for this one with the exception of pivots. Good luck and happy trading. David Pegler

The EUR/JPY broke the day’s primary level of resistance during the opening hour of today’s New York session. The subsequent rejection at the daily R1 pivot point set the stage for a trade plan based on the concept of role reversal. The euro yen’s extension fell just 10 pips short of the first target at the M4 pivot point, but a 35-pip profit on a conservative, repeatable trade is always
a step in the right direction.

Curt Wehrley
FX Bootcamp’s Quantitative Analyst

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