Video Trade Journal by Hi everyone. This is not my typical intraday market look, in this video I respond to an email forwarded to me and take a look at some longer term analysis for the Pound. I take a detailed look at some key Euro Pound price action and try to predict the future for Cable over the next 90 days. In addition to this longer term analysis I also build a few basic intraday plans for Cable and Euro Yen. Enjoy and good luck today!! David Pegler
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Hi everyone, for this European outlook I take a look at a small basket of potential Yen related trades. I spend the majority of my analysis time focusing on the USD/JPY as a proxy for all the Yen’s. In addition I analyze the Pound and Aussie Yen. Simple analysis, lots of price action and EMA use today. Good luck!! David Pegler
Hi everyone, I hope you survived or even profited from the NFP chaos on Friday. For this outlook I try to make some technical sense of things post NFP. I concentrate on the Pound USD as well as take a brief look at the Euro and Euro Pound. I make use of several longer term charts and talk extensively about general price action for Cable and what we could expect moving forward over the next few days and weeks. Good luck and I hope you enjoy the video!! David Pegler
Hi everyone, for today’s presentation I stick with the majors and analyze the Pound USD, Euro USD and Euro Pound. The Pound has hit some significant support on a weekly chart so the question for us over the next 48 hours is whether we are going to see a significant pullback or is price determined to continue to the short side? All three currency pairs today are looking trapped on the medium term and I make use of some simple price traps to determine direction. Good luck!! David Pegler
FxBootcamp.com and FXstreet.com are celebrating its 40th edition of the popular live training event “Trade Non-Farm Payrolls Live” with a special contest!.
Click HERE: http://www.fxstreet.com/forum/showthread.php?t=52742
Do you want to know how to participate? OK, here’s the deal: just write a brief essay answering the following question: What I have learned from trading NFP live with FX Bootcamp? Yes, just that: post below this message a brief essay about what have you learned with Wayne. Deadline for your answers is September 7th, 2009 at 12.00 h. (08.00 h. EST).
After the deadline the jury, compounded by Wayne McDonell, Valeria Bednarik and FXWizard, will choose the three best essays and announce the winner.
Prizes will be as follows:
For the very best essay:
- 1 free pass to the International Traders Conference hosted by FXstreet October 14-16 2009 in Barcelona – Spain
- 2 free nights during the conference at the Hotel Barceló Atenea Mar.
For the second and third best essays:
- 1 free pass to the International Traders Conference hosted by FXstreet October 14-16 2009 in Barcelona – Spain
Good luck and happy pips! 
First Few Postings:
I attended around 35 NFP. Wayne help me with these:
1. I am not affraid of looses - I cut them very quickly
2. I am not affraid pull the triger becouse of possibility of being wrong.
3. I started to do analysys before I pulled triger - I am not reacting on price.
4. I am still brek even but my selfconfidence is much much higher.
5. I follow rules written in front of my computer and heve no problem to do that.
6. I still do not trade even I see set ups - that is what I have to fix.
1. I am not affraid of looses - I cut them very quickly
2. I am not affraid pull the triger becouse of possibility of being wrong.
3. I started to do analysys before I pulled triger - I am not reacting on price.
4. I am still brek even but my selfconfidence is much much higher.
5. I follow rules written in front of my computer and heve no problem to do that.
6. I still do not trade even I see set ups - that is what I have to fix.
Peter
I’ve attended about 10 live NFPs with Wayne and the crew and more than anything, I’ve learned to be humble when trading. Wayne will very often remind us that NFP is extremely risky and it isn’t the way to make consistent money, often times it can be a gamble and that is not what good traders are all about. The concept of capital preservation above all has kept me out of some very bad trades and the second I think Wayne is too conservative and jump into an NFP trade that looks like a no brainer the market reminds me it is best to be humble and listen to what experts like Wayne are saying.
Thank you Wayne, I hope you continue to have these live NFPs because I have learned something every time, even though I’ve only traded during a handful of them.
Best,
Paul
How not to trade is a discipline that is learnt through hard work and painful losing trades. After watching the NFP today, it has left me in no doubt that I shall personally Never, EVER, EVER, trade at or around release of the NFP news release as has been proven the market is completely unpredictable and volatile. No amount of oscillators, indicators or other highly technical analysis will protect me from losing or risking my valuable trading capital. Having an understanding of how the market adversely reacts to NFP news release is and will make me a better trader for the long term. Lesson Learned - To not be sucked into the moment as a consequence of GREED. Many Thanks Wayne - one of the best lessons I have learnt from you and your trading methods. I’m a huge fan or your training and trading methodology.
All the Best
Jonnie
Hi Wayne,
I attended approx. 15 NFP. and I have never taken a trade during these sessions
Wayne have explained capital preservation so good so many times during these sessions
Which I find very good because that is the most importend you can do.
I also like Wayne’s way to explain the fundies and his enormus knowledge about the fundies.
If people will pay more attention to avoid loose money instead of how much money they can make, they will do very well.
Wayne have made it clear for me, not be affraid of have made a wrong desission that will course me a small loose.
Also I trade out of a rule based plan, that is made upfront in writing before any trading.
Keep it simple:
What do I do?
When will I do It?
Why I’m doing this?
Kind Regards
John
I’m ashamed to admit that this is my first NFP session after I knew about fxbootcamp since March ‘09.
Now, I rarely attend live webinars, but of all I’ve attended, it was the most fruitful two hours I ever spent in one. Trading is an extremely lonely profession where the slightest slip of concentration in the markets can prove fatal and, lacking another way to put it better, that concentration-induced loneliness takes away a bit of humanity from me each time. That is the reason why I’m very thankful for the opportunity to be reminded on why we’re trading, how we’re supposed to create a trade plan, and how to decrease the odds for having to take a loss due to occassional moments of indiscipline that slips into even the very best of traders. And all these during a session supposedly about NFP per se, too!
Wayne just has a way of teaching and reminding that is entertainingly refreshing and upbeat, whilst keeping your feet firmly on the ground. It makes me want to stay on post-NFP even if he talks about something that has little to do with the technicals and fundamentals of trading. That is because even if I’d restore just a bit of humanity within me by staying on, it’d have been worth it.
Thank you again,
Mick.
Thanks Wayne and FX Street, this is my 15th NFP, I keep coming back because I enjoy Waynes laid back easy to understand style of teaching, his passion for FX is contagious. I have learnt many things from sitting on my hands and not trading to following a plan and sticking to it, buy low sell high, patience, fibs and pivots but the best advice for me was to start a journal and record each trade this has certainly helped me learn to become a successful trading making dollars.
Thanks Cobber
Thanks Cobber
Fergie
Perth WA
Hey everyone. With another NFP a few hours away this is not a time to be ultra aggressive in the market. Today I take a look at the Pound Yen and Cable; both are a very similar trade plan. I hope you enjoy this video, it’s interesting analysis in that I make extensive use of multiple times frames and lots of Fibonacci work. Please leave me some feedback and enjoy the video. Good luck at NFP. David Pegler
Hey everyone, happy to be back from Vegas and ready to do some real trading again. For this presentation I examine the Pound Swissy and Euro Yen. Given that this is NFP week I build a few very conservative trade plans. We have officially made our 1st lower high on the hourly Dow and S and P charts. If this is a precursor of things to come it wouldn’t surprise me to see some dollar and Yen strength temporarily creep into the market. Good luck and please leave me some feedback on YouTube, or the Blog. David Pegler
Hey everyone, for today’s London outlook I highlight a potential breakout for the Pound Swissy that should give us a nice trade on a daily level. Additionally I also analyze the Euro Yen and build a simple trend following trade plan. Nothing but basic trend analysis as well as support and resistance. Good luck today!! David Pegler
Hey everyone, this is a tough read for me today across most currency pairs as a result I have put together some very basic trade plans for Cable, Euro Yen and Pound Swissy. Cable and Pound Swissy are especially range bound and are due for a good breakout. I have analyzed some key levels to keep an eye on today. Good luck and I hope you find value in this video. David Pegler
Hey everyone, happy Monday. For today’s London Outlook I take a look at the Kiwi USD, Pound Yen and Euro USD. All three currency pairs are enjoying a period of “volatile consolidation”. Not really going anywhere sustainable but moving several hundred pips daily. I am looking for some range breakouts very shortly on many different crosses. I have identified the ranges and perspective targets. Good luck and I hope you enjoy the video. David Pegler