FxBootcamp
  • Home
  • Join our trading community
  • Back to FXstreet.com

FX Bootcamp

Video Trade Journal by Wayne McDonell, FxBootcamp.com

Subscribe

Subscribe Subscribe Subscribe using Netvibes
Or subscribe via email:

Categories

  • Uncategorized

Archives

Recent Comments

  • AW on FOREX VIDEO - European Outlook May 10th 2011
  • hastings on FOREX VIDEO - European Outlook May 10th 2011
  • Rana on FOREX VIDEO - ASIAN OUTLOOK MAY 10TH 2011
  • Rana on FOREX VIDEO - European Outlook May 10th 2011
  • Jay on FOREX VIDEO - European Outlook May 10th 2011

Tags

4hr 4x 5ema 21ema 200ema breakout Cable Christian Stephens continuation correlation CPP currency currency trading Curt Wehrley Daily daily range david pegler Dollar EUR/GBP EUR/JPY EUR/USD Euro Fibonacci Forex FX fx bootcamp FXBootcamp GBP/JPY GBP/USD London money New York session NFP pivot points Pound pullback Rob Helean role reversal scalp support technical analysis TRADING USD USD/JPY USD Index

FXstreet.com Weblogs

  • CEO's Weblog
  • Wayne McDonell
  • Dr. S. Sivaraman
  • Valeria Bednarik
  • James Chen
  • Ross Yamashita
  • Raghee Horner
  • Ron Schelling
  • César B. Leiceaga
  • Ian Coleman
  • Greg Michalowski
  • Mike Baghdady
  • Dale J. Pinkert
  • Trader of the Year

Links

FOREX VIDEO - London Session Review - November 3, 2009

Posted on November 3, 2009 at 13:05 in Uncategorized by Christian Stephens

Very sweet session indeed on quite a few pairs today. In this video I focus on just one reload entry of one of these moves, the short on the GBP/USD. We had opened London and extended right down to our daily M1 pivot point/4 hour 200 ema combination. In this video I essentially show you the plan for a re-entry into this short yet again off of a combination of Fibonacci levels, hourly 5ema, daily S1 pivot point, and 4 hour 5 ema, and targeting our S2 pivot point today around 1.6250 or so.. This entry although planned well in advance by using 15m. 1hr. 4hr charts, ultimately was taken from a zoomed in 1 minute chart watching price action at our expected resistance area. With a risk of about 20 pips we snagged a nice 60+ pip reload here around 1.6328 without much difficulty. All pairs included though, today was just Sweet!

FXBootcamp London Currency Coach-
Christian Stephens

Tags: 4hr, 5ema, Christian Stephens, continuation, Fibonacci, Forex, FXBootcamp, GBP/USD, London, M1, pivot, pullback, S1, S2

11 Responses to “FOREX VIDEO - London Session Review - November 3, 2009”

  1. on 03 Nov 2009 at 3:18 pm1Ben

    Nice trade plans Chris, looking forward to coming back to class.

  2. on 03 Nov 2009 at 3:58 pm2Piplady

    Hey Chris, since your trade plan is planned well in advance could you please do a Pre-Session Video for all to see. Thanks…..

  3. on 03 Nov 2009 at 4:10 pm3sue thompson

    Yes - much easier to demonstrate a plan after the event - shame the pre session didn’t give any hint of this on cable - I seem to recall comments about not being able to decide what was going to happen on cable.

  4. on 03 Nov 2009 at 4:35 pm4Intrepid

    Good analysis and interesting - as are the comments.

    Pity that these little gems aren’t available more frequently Chris!

  5. on 03 Nov 2009 at 6:33 pm5gomerp13

    Great trade. Exactly how it happened LIVE in class.

  6. on 03 Nov 2009 at 8:02 pm6Christian Stephens

    ‘Well in advance ‘ meant about 30 minutes before the entry/fib presented itself, not hours/days. What am I supposed to do, stop class, stop trading and make a frigging video of the impending trade? Get real, I need to trade also you know.

    This pullback setup was CLEARLY and adequately described and setup well enough in advance for any questions from any room member, whether you took the trade or not, believe in the setup in advance or not, I have absolutely zero control over.

    -Chris

  7. on 03 Nov 2009 at 9:11 pm7Brian Durning

    Chris,

    Great wrap up, I’ve been there enough to know it’s the real deal, great review.

    Many Thanks,

    Brian Durning

  8. on 03 Nov 2009 at 9:20 pm8Ahmed

    Hi Chris,
    Thanks for your video and comments.
    However I’ll second the comments from a blogger who, a few days ago, said that the “conviction in plan is a hindsight”.
    As a former bootcamper,I’ll say that during the live class, though coaches do discuss setups in advance but in an”IFFY” way.Nor they mention,when the setup triggers, whether they themselves took the position or not.I understand bootcamp’s aim is to educate but unless coaches show when they are entering into trades how one can learn!

  9. on 04 Nov 2009 at 12:50 am9Lance

    Personally I think all the walk throughs and help I have seen here by Christian and other guys (Dave and Curt)are great and since I have not had the availability to get with boot camp and thus its been free education so far I can only commend their efforts and give a BIG THANKS. I can only wonder why a few (meaning minority) people watch some thing they can only be critical of, hmmm musn’t have any thing better to do I guess.

  10. on 04 Nov 2009 at 1:47 am10John

    Christian, though my trading methodology is different from yours, I appreciate your analysis. Notwithstanding, the destination is still the same: the name of the game is to make money.

    I’m of the view that as traders we have to be independent in our thinking.

    There are many ways to trade. Of course the most important thing is to have an exit strategy like what Christian, Curt and David have always repeatedly stressed.

    Gentlemen, thank you.

  11. on 04 Nov 2009 at 2:04 am11David R Pegler

    I think its important to remember FXbootcamp is not an alert service. In the class Chris outlined shorts around the 35 area, price went to 30 and started to drop, plenty of accuracy to make an educated decision. When I conducted my outlook video yesterday Pound was in a range, I talked about that and areas that needed to be broken, if you had used that information and traded a pullback of the break there were plenty of pips on hand. If you have any foresight analysis I encourage you to post comments to the video’s before the market open. Hindsight crticism is just as impractical as hindsight analysis. Good luck and happy trading.

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

© 2010 "FXstreet.com. The Forex Market" All Rights Reserved.