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FOREX VIDEO - London Session Review - October 8, 2009

Posted on October 8, 2009 at 12:21 in Uncategorized by Christian Stephens

The British Pound Sterling was gaining strength from the pre-London session, and many of us were enjoying some longs that prospered into the 90 pip or so range. However, as London opened we found ourselves breaking the R2 reversal pivot point along with a rather identifiable price trap break. Using 4hr. 2hr, 1hr. and 15m charts we were able to comfortably devise a plan on longing a retest of this break point, around all kinds of overlapping support in the 1.6020-32 region. All that remained was waiting for the pullback to fall into our trap, this took much patience, but as you will see in the video ultimately paid off.

FXBootcamp London Currency Coach-
Christian Stephens

Tags: GBP/USD EUR/GBP Sterling strength Fibonacci retest trap

11 Responses to “FOREX VIDEO - London Session Review - October 8, 2009”

  1. on 08 Oct 2009 at 2:14 pm1Angelika

    Thank you Chris, very clear.

  2. on 08 Oct 2009 at 2:55 pm2pippdaddy

    great video as always!

  3. on 08 Oct 2009 at 4:20 pm3Ron Williams

    I was in the room for this trade. Got in too early (3 times & everywhere EXCEPT the bottom). I then scaled out as price proceeded up with a loss in each scale. Your coaching was great - I was listening to another fear voice in my head. Your review of this trade now plus your coaching on-line after the trade, made my loss today one of the most valuable losses I have ever had.

    Thanks much,

    Ron

  4. on 08 Oct 2009 at 4:48 pm4Piplady

    Coach Chris, I think it would be very helpful to traders if you would send out a Video BEFORE your session started with your analysis. After the fact doesn’t do anyone to much good. Thanks…..

  5. on 08 Oct 2009 at 5:06 pm5Brian

    Spent $99USD for the 1-week trial. What I learned last night had me giggly like a school-girl. I would’ve paid $99 just for that one class it was so interesting. Between David and Chris, totally excellent watching these guys work, even if Dave missed his entry on GU by 15 pips, hahaha. His EG short will have made up for it. Thanks a TON guys!

  6. on 08 Oct 2009 at 6:07 pm6N.Janvier

    Hi Stephens , nice video

  7. on 08 Oct 2009 at 9:16 pm7Red1

    Thanks

  8. on 09 Oct 2009 at 1:11 am8kareen

    Thanks Chris! I enjoy the live class better…

    Kareen ;)

  9. on 09 Oct 2009 at 2:27 am9Rod

    Thanks Chris,

    Enjoy the review, always good to “review” to see how a trade plan works out. Great learning tool. Keep’m coming!!!

  10. on 09 Oct 2009 at 5:15 am10Jay

    Thanks

  11. on 09 Oct 2009 at 9:14 am11Jules

    Good setup and well-explained.

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