Posted on October 9, 2008 at 12:49 in Uncategorized by Wayne McDonell2 Comments »

After yesterdays whirlwind of a London session, today was more about longer term pullbacks. We had a few nice setups in class on the EUR/USD, yen pairs, and AUD/USD. In this video we highlight one of the plans we put together that ultimately hit our 1st target of the 4 hour 21ema perfect for a nice 135ish pips depending on entry/exit. Overlap was the theme for this setup. We identified resistance to start the night and set an alarm. Once alarm was triggered we went back to aud/usd and tossed up a Fibonacci study looking for a high quality pullback zone. Sure enough the 38.2 Fib was overlapping with the trendline on the 15m chart, as well as the hourly 5ema. This provided a quality 35 pip risk or so trade for potential 140 pips, nice risk vs. reward. Pretty technical night for London bootcampers.

FXBootcamp London Currency Coach-
Christian Stephens


Posted on October 8, 2008 at 12:30 in Uncategorized by Wayne McDonell1 Comment »

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