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FOREX VIDEO - London Session Review - September 17, 2009

Posted on September 17, 2009 at 12:59 in Uncategorized by Christian Stephens

As we opened London today we had many clues on the EUR/GBP 1 hour, 4 hour, and daily charts that we were due for, at least on the short term, a modest pullback to the downside from it’s recent strength indicating potential short term British Pound strength. Couple this with the USD starting to dive down another notch, as witnessed on the USD Index last night, we had ourselves the perfect marriage for a Forex trade, a strong currency (GBP) vs. weak currency (USD. With this information in hand we began to build trade plans longing the GBP/USD off of support, at least until we hit the weekly central pivot point. In this video I break down how we went about planning and ultimately executing this trade off of a Fibonacci pullback support area just as the London market opened for a 45 pip or so end result. Not the biggest trade in the world, but the London session was speckled with 30-50 pip trades tonight, ad let’s face it, those add up well!

FXBootcamp London Currency Coach-
Christian Stephens

Tags: 21ema, Christian Stephens, EUR/GBP, Fibonacci, Forex, FXBootcamp, GBP/USD, London, MAP, pivot, USD Index, Weekly CPP

6 Responses to “FOREX VIDEO - London Session Review - September 17, 2009”

  1. on 17 Sep 2009 at 1:46 pm1Paul Chappell

    Excellent video, well explained.
    Thanks

  2. on 17 Sep 2009 at 1:47 pm2Ben

    Another Great video Christian, looking forward to joining you guys in class.

  3. on 17 Sep 2009 at 2:34 pm3N.Janvier

    Great video , thanks Christian

  4. on 17 Sep 2009 at 4:23 pm4Ahmed

    All I can say about all of the bootcamp videos is: I have learnt and am learning how to plan,enter and exit the trades.These are invaluable source of knowledge and education.The way you guys explain in deatil the technical and fundamental aspects aspects using multiple time frames and indicaters, is simply marvellous.Plesae keep posting your videos.
    Regards

  5. on 17 Sep 2009 at 5:22 pm5jose billy in bcamp

    Thanks for the video cris cheers :-)

  6. on 19 Sep 2009 at 12:46 pm6Finn65

    Thank you Chris, good to have you as Coach during London open. I improve daily due to your hands on coaching and hope to graduate to level 3 very soon.

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