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FOREX VIDEO - London Session Review - September 30, 2009

Posted on September 30, 2009 at 13:36 in Uncategorized by Christian Stephens

The EUR/USD had been showing Lower High’s for quite a while now on the 4 hour charts, forming a very distinct falling trend line. Just before London got started today we break this trend line. Typically, once something like this occurs, it’s very commonplace that a retest of this area is a high probability entry point back in the direction of the break, even if just for the short term. So let’s see, here we are at London market opening, after breaking this trend line and now sitting on the retested zone. Long off of this zone was certainly the plan, it was just a matter of the actual trigger and stop placement after that. In this video I show you how we built this trade plan to begin with, waited for our setup to be met, and took action. This trade ended up extending well for roughly a 1-3 risk vs. reward ratio for about a 70 pip winning trade. Nice way to end the month/quarter!

FXBootcamp London Currency Coach-
Christian Stephens

Tags: 1hr, 21ema, 4hr, break, Christian Stephens, EUR/GBP, EUR/USD, Fibonacci, Forex, FXBootcamp, London, retest, trendline

6 Responses to “FOREX VIDEO - London Session Review - September 30, 2009”

on 30 Sep 2009 at 2:34 pm1Fergie

nice way to finish the month/quarter thanks Chris
on 30 Sep 2009 at 10:32 pm2Jay

Thanks
on 30 Sep 2009 at 10:51 pm3Valeri

Very good and educational!
on 30 Sep 2009 at 11:01 pm4Connie - Phx

thanks!
on 01 Oct 2009 at 2:05 am5Donna

Thank you for your continued help.
on 02 Oct 2009 at 3:16 am6Finn65

Thanks Chris, refreshing presentation of how to find the trades

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6 Responses to “FOREX VIDEO - London Session Review - September 30, 2009”