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FOREX VIDEO REVIEW: London Session March 16, 2009

Posted on March 16, 2009 at 12:19 in Uncategorized by Christian Stephens

During Pre-London we some some strength in the British Pound, the Euro, and some weakness in the Japanese Yen. While there were some very nice trade plans that followed through nicely throughout the London session in with all of these currencies in this video we focus on the GBP/JPY long, that was indeed a rather difficult entry to feel fantastic about at first. We primarily use Fibonacci, and recognition of higher low’s in this setup to identify the opportunity, and visual resistance, daily M4/R2 pivot points for our upside trade potential for profit taking. Ultimately this trade gave us a 215 or so pip profit off of an initial risk of 20 pips or so, it’s not often you have a setup with only a 20 pip risk on the pair we like to call ‘the Beast’. Great way to start off the London week!

FXBootcamp London Currency Coach-
Christian Stephens

Tags: Christian Stephens, Fibonacci, Forex, FXBootcamp, GBP/JPY, GBP/USD, higher lows, London, m4, pivot point, pulback, R2, Reverse Fib

2 Responses to “FOREX VIDEO REVIEW: London Session March 16, 2009”

  1. on 16 Mar 2009 at 1:38 pm1Bryan Brey

    Right on Chris! Congrats on a beautiful trade!

  2. on 16 Mar 2009 at 1:45 pm2daveb

    Good Video and trade planning Chris - was good to be part of at least one of them at FXBootcamp in the early london session - cheers
    dave

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