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FOREX VIDEO REVIEW: London Session April 29, 2009

Posted on May 6, 2009 at 10:25 in Uncategorized by Christian Stephens

Our London session today and tomorrow actually are pre-London into London, as one of our coaches is on break. With that in mind, our first hour today was completely our planning/plotting hour where we set-up all area’s of support/resistance, price traps, pattern formations etc. Once this was done we developed technical bias and reasoning for several of our setups, then simply wait for one of them to cough up a clue. Well one of these trade plan’s involved the EUR/USD forming a double bottom off support to open tonight, and rising at least to the 1.3318-22 area, and sure enough at 1:15am NY time we see a higher low quickly develop on the charts. In this video I cover in great detail how once we obtained our clue, we quickly finalized our trade plan, confirmed reasonable risk vs. reward, awaited our Fibonacci entry area. and promptly protected our trade with a break even stop. While this was not an enormous trade, obtaining 50-75 pips was entirely reasonable depending on how one managed it, which we also discuss in the video. Hey, Pips are pips! Enjoy.

FXBootcamp London Currency Coach-
Christian Stephens

Tags: 21ema, Christian Stephens, double bottom, EUR/USD, Fibonacci, Forex, FXBootcamp, higher low, London, pullback

4 Responses to “FOREX VIDEO REVIEW: London Session April 29, 2009”

  1. on 06 May 2009 at 1:05 pm1daveb

    Thanks Chris - great trade plan on my favourite pair - missed the session as platform is down, but hope to get back in tomorrow
    cheers

  2. on 07 May 2009 at 12:16 am2Russ

    Good work Chris. That disection of the trade is very helpful and a great way of consolidating what was learnt during the live session. To be able to sit back and review what happened and see all the reasoning and then the results is a fantastic way to build on my market education.

  3. on 07 May 2009 at 3:38 am3fxWoody

    Thanks Chris. Great run-through. I managed to pick up a slice of the action, but spent most of the time trying to sort out Platform issues… which I hope to have sorted by the end of the week. Then I may come visit you guys again, for a month or two (go AUD/USD!)

    Cheers

  4. on 09 May 2009 at 10:02 am4Diana

    Great video,thanks!

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