Video Trade Journal by 
Today we found ourselves continuing our British Pound weakness and Japanese Yen strength from Pre-London, into our London open. This led us to marry Strong (JPY) with Weak (GBP) and focus our attention on the GBP/JPY pairing. All we could do for the first hour of the London open was build our trade plan for a continuation short off of a pullback to resistance. This area was not difficult to find however, as we had a 38.2% Fibonacci pullback level, 15minute 21ema, hourly 5ema, and the 4 hour 5ema all in the same 155.50-60 zone. The real work here was sitting on your hands and awaiting the entry zone, with plan to short firmly in hand. What added to this difficulty is within minutes of reaching our entry zone the British MPC meeting minutes were just about to be released. So you had to have your plan firmly pre-determined, along with stop loss etc in case our entry zone was hit. Sure enough the news popped us up the additional dozen pips to our overlapping massive resistance, and did not stay there very long. In fact just long enough to execute our plans, no hesitation allowed. Within 1 minute you were 70 or so pips in profit, and quickly protecting some of that. This trade plan was setup exactly how we do every day, the only thing different was right when the area was being achieved, we had the added volatility of a news release to deal with. I am sure this scared several traders away from this setup, but everything about this trade plan was technical, you must have trust in your plan win or lose.
Overall high quality setup, that required ACTION at the pre-determined zone, and those who did so were rewarded with 120-130 pips or so, gotta love it.
FXBootcamp London Currency Coach-
Christian Stephens
Great trade indeed coach..
Cheers
That was excellent.
Thanks.
Thanks Christian, good analysis
thanks guys
Hi Chris,
good to hear your re-assuring voice on how to navigate forex, hope to re-join Fxbootcamp before end of the year
Good Vid. Clear explanations for entry
Hi Chris, great session, I really enjoy trading pre-London with you coaches. I learn so much and make pips at the same time.
Excellent. Did not catch that move down, but great lesson.
Thanks Chris. Looks so simple and obvious. Nice
thanks for the review. It helps to see
preview then review after market.
Caught move while sleeping, because I used the FXBootcamp technique from prior lessons.
Clear analysis and logical presentation. Thanks Chris.