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FOREX VIDEO - London Session Review - August 28, 2009
Posted on August 28, 2009 at 12:34 in Uncategorized by Christian Stephens

Today the EUR/GBP and GBP/CHF 2hr macd divergence we have seen for over a week finally was followed up by some lower highs on the EUR/GBP and higher lows on GBP/CHF. Hinting Strongly at minimum of a 21 ema pullback on these long term charts was about to occur. This meant essentially we had technical reasoning to go Long British Pound Sterling against all comers all night long at any support possible until either resistance was hit, or failure in the form of 1-2-3 pattern’s etc. There were high quality long entries on GBP/USD, GBP/CHF, GBP/JPY, and short on EUR/GBP well into the pre-London session. These parts all offered again high quality pullbacks as the London market opened around 8am London time. In this video I focus on just one of these pairings, the GBP/JPY. I show in detail the divergence we spoke of that led us to believe Sterling strength all night would be the theme, along with complete details on how we put together a ‘Reload’ of the GBP/JPY long off a double bottom 61/8% Fibonacci and other overlapping support. I also discuss how we planned our profit takes, and determine where this trade might go. Excellent night overall, nice GBP basket trades that really cleaned up tonight, could not ask for a better way to end the week.

FXBootcamp London Currency Coach-
Christian Stephens

Tags: Christian Stephens, divergence, EUR/GBP, Fibonacci, Forex, FXBootcamp, GBP/CHF, GBP/JPY, GBP/USD, London, macd, pullback, reload

9 Responses to “FOREX VIDEO - London Session Review - August 28, 2009”

  1. on 28 Aug 2009 at 2:39 pm1sue thompson

    thanks

  2. on 28 Aug 2009 at 6:42 pm2Doyle C

    Great job, Christian. Your evaluation is always a great learning experience.

  3. on 28 Aug 2009 at 9:09 pm3Brian Durning

    Well explained Chris -

    See you Monday.

    Brian D.

  4. on 29 Aug 2009 at 12:24 am4emmanuel

    Great stuff! Thanks!

  5. on 29 Aug 2009 at 7:44 am5kama

    many thanks. very educational.

  6. on 29 Aug 2009 at 4:50 pm6Jay

    Thanks

  7. on 30 Aug 2009 at 3:27 am7Alexandra

    Thanks Chris..always insightful!

  8. on 30 Aug 2009 at 5:14 am8Jules

    Thanks Chris.

  9. on 31 Aug 2009 at 7:43 pm9Jana Doak

    Thank you.

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