Hi All. Todays video is an update on where we stand with the Pound, EUR/JPY and a headsup for those who like to trade the Euro.
FX Bootcamp
Subscribe
Categories
Archives
Recent Comments
Next webinar
Using Fibonacci ratios to manage your trades efficiently
by Sunil Mangwani
November 23, 10:00 GMT
Register for the webinar
Tags
4hr 4x 5ema 21ema 200ema breakout Cable Christian Stephens continuation correlation currency currency trading Curt Wehrley daily range david pegler divergence EUR/GBP EUR/JPY EUR/USD Fibonacci Forex FX FXBootcamp fx bootcamp GBP/JPY GBP/USD Gold London m4 macd money New York session NFP pivot points Pound pullback support technical analysis trader TRADING trading video USD/CHF USD/JPY VIDEO Wayne McdonellFXstreet.com Weblogs
Links
Hi everyone! The Asian preview for Monday is an update on the pound (may as well while it is producing for us) and a new look at the EUR/JPY and the possibility of some downside action following a break of a 4 hour trap.
Welcome to the end of the week everyone. Todays preview is for the Euro and the Pound and where things could be going. Good chance the Pound has found some daily support, Euro has turned a little bearish. Looking for this to continue
Hi everyone. Today’s video is an update on where e are at on the pound, short/medium/long-term. Also a piece on the Aussie. It could go either way. I am happy for see it do this. Waiting for the Aussie Employment news to show me the way. Good luck today! Rob Helean
Hi Everyone! This the first outlook video produced for the new Asian Session. It is always difficult to predict the start of the week but knowing with what we know, we take a look at some Aussie continuation and the Pound which looks bullish and wants to break an upside trap. Good luck! Rob Helean
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
Yesterday we enjoyed quite a Piptopia on the British Pound breakout of a Daily trendline to the upside. Sure enough, today was our opportunity in London to short it back down to the trendline retest. Pre-London gave us our first lower high to work with on the GBP/USD, and the 2hr EUR/GBP started developing a higher low to give us confidence in the move. The rest of the London session was spent reloading shorts at every Fibonacci pullback possible and turning a 100 or so pip move into a 250 pip play due to exponential reloads, I just love days like this, purely technical. Bad Retail Sales for Britain helped finish the job and there we were, right on our target zone to take profit, could not script it better really.
FXBootcamp London Currency Coach-
Christian Stephens
The Daily trendline on the GBP/USD was under pressure again today, starting back in late Asia into the pre-London session. Then again we found ourselves with some proper Fibonacci pullback entries into the London session, onward past the now broken daily trend line for new recent high’s. In this video I show how we built a couple GBP long trade plans during our London session, as well as covering the more difficult Fib entry at 4:30am, which although technically perfect, was a difficult entry to take since we had GBP news being release Exactly when we are at this point. Yet even after this tough entry, we did indeed get one more pullback opportunity to reload this GBP/USD long, or whichever GBP pair of your choosing. Wonderful pip total day indeed longing the British Pound Sterling!
FXBootcamp London Currency Coach-
Christian Stephens
Throughout pre-London we had established a bit of a range on the majors early one, with some volatility showing up on the GBP/USD about an hour before London open. Even though the GBP/USD was starting to show some short term strength, the combination of a Daily trend line touch, along with a closed Bollinger Band on both the 4hour and 1hour charts indicated implied volatility for further upside was limited, at least on the near term. Armed with this information we started building trade plans around a lower high scenario. While the initial entry indeed take place prior to London open, there were a few more opportunities throughout early London to hop into this trade, including one exactly as London opened. In this video I walk you through these trade plans, that although were fairly high quality entries, in the long run ended up lacking follow through. Essentially successful trades in that they certainly moved far enough for us to protect very nice pips, but failed miserably reaching our objective. In the end, as London lunch arrived we had proven to stay in a fairly isolated range all night, with a few exceptions here and there. A rather tough night to make a lot of pips unless you were aggressive at protecting/scaling out your pips, which we did at every corner. Sometimes you have to scrape and claw to make your 120 pip night out of 30 here and 30 there.
FXBootcamp London Currency Coach-
Christian Stephens
During today’s pre-London session and then into the first hour of the London open, we were dealing with some short term British Pound weakness and Japanese Yen strength, a quality setup for a GBP/JPY short, that was very easy to plan for trade entries and targets prior to pre-London beginning. In this video I show why I looked for these setups to begin with, and how both I went about initial entries prior to the London session I coach, along with some reloads we took together in the London session with the class. The last of which ended up being stopped out break even, but over all a nice Monday starting over 100 pips, nothing wrong with that.
I have not made a video in a couple weeks, I apologize for that, just been trading extended hours lately, this video shows that as I rambled on a bit. Will tighten things up in the video’s to come, see you all tomorrow.
FXBootcamp London Currency Coach-
Christian Stephens
Video Trade Journal by 
