NY offered a fantastic continuation on the Japanese Yen pairs yesterday. Asian session provided a pullback pretty much across the board to the 38.2 Fibonacci levels. At London open we found ourselves in what looked like a tone of consolidation, awaiting for any inch of info to tip us off. Sure enough we noticed a ‘Fib of a Fib’ or something I like to call a reverse fib take place as shown in this video. This reverse fib generally indicates weakness in the original direction. Using this clue we looked deeper into the 1hr, 4hr, and Daily charts for proper support & resistance. Then using short term confirmation (2m macd), it was just a matter of awaiting for a proper Fibonacci pullback entry on (insert any yen pair here) pair. What followed was an extremely quick 90-100 pips on several yen pairs for an initial risk of around 35 pips. Tonight was tough to pinpoint direction, no doubt. Proper trade planning off of one minor clue led to payday again however. Happy Thanksgiving this week folks!

FXBootcamp London Currency Coach-
Christian Stephens

After the Yen pairs retraced a bit from Thursday’s NY lows throughout Asia, we noticed some clues on the GBP/JPY that maybe the retracement was going to extend through London. Using some short term indicators as well as divergence gave us the clues and the price trap we needed. Using a simple 2 minute chart MACD cross, along with a Fibonacci retracement after the breakout/cross offered us the very repeatable low risk/high reward type setup that ultimately paid off in the form of around 190 pips depending on profit taking. 190 pips for a 30′ish pip original risk, not too shabby. Have a great weekend folks.

FXBootcamp London Currency Coach-
Christian Stephens

Quite an incredible rally we had in the stock markets yesterday NY afternoon. This caused quite a sweet rally in the Japanese Yen cross pairs throughout the end of the day, and a subsequent Asian fade back down afterwards. Once the Asian fade back to the 4hr 21ema and a Fibonacci level had been reached, London itself was left wondering what to do. In this video I show how we built a trade plan from the ground up on the EUR/JPY. All that was left to be done was WAIT for it. Capital preservation is goal number one, and if we did not get our setup entry clues, well no trade then. However, the macd divergence, and other clues in the video did not disappoint. After an hour of waiting for our confirmation it was a rather quick 130 ‘ish pip ride to the upside before hitting resistance and coming all the way back. This trade was available on all yen pairs as a basket, or any single one of choice. Tonight was not a night to chase price, but with a little patience and discipline a several hundred pip day was not all that difficult for one to achieve. Have a great day!

FXBootcamp London Currency Coach-
Christian Stephens

We had a nice bounce on the Japanese Yen pairings during pre-London up to the hourly 21 ema’s. Quite nice to see after literally days of a pure drop. In this video we set up from start to finish a nice little triangle breakout formation on the shorter term time frames with the GBP/JPY. Using a simple Fibonacci study after the break occurred offered up a low risk (30′ish pips), high reward (120-140′ish pips)setup to our projected top back at the hourly 21ema. Sure enough we bounce right off the 38.2-50% Fib zone and proceeded exactly to our target before reversing. 120-140 pips depending on entry/profit taking for all of 8 minutes work, Gotta love the FOREX.

FXBootcamp London Currency Coach-
Christian Stephens

What can I say, just an amazing Pre-London and London session. Terrific Fibonacci entries abound all through the night on all Japanese yen pairs offered a plethora of quality trade setups. Making over a 1000 pips tonight wa snot really all that hard, wish it was always this active eh?. In this video I detail just one of the many trade setups that presented itself during the London session involving the GBP/JPY. One simple Fib entry with about a 50 pip stop provided 380 pips, excellent risk vs. reward, and this same entry was available on seven yen pairs at the same time, a basket was insane pips. Just a wonderful day to be a Forex trader!

FXBootcamp London Currency Coach-
Christian Stephens

After some fantastically huge moves yesterday during the NY session (gbp/jpy 1200 pip day!), Asian session offered some nice tradeable pullbacks that extended into early pre-London. In this video however, we illustrate how we built a trade plan around GBP/USD breaking it’s overlapping Fibonacci and visual support after bouncing off the 4hr 21ema and 61.8 fib of the long term drop. Using drawn trend lines, short term confirmation in the form of 1minute Fibonacci studies, we were able to sneak our way into this move with very little risk. This trade made it all the way to yesterdays low, in fact briefly breaching it, creating what looks like a nice double bottom on the daily. Nice way to earn 110-160 pips depending on entry. Just have to love Fibonacci.

FXBootcamp London Currency Coach - Christian Stephens