The U.S. dollar and British pound, two currencies which have been rather sickly of late, showed a somewhat healthier glow during today’s New York session. Curt Wehrley FX Bootcamp’s Quantitative Analyst
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FOREX VIDEO - New York Session Review - October 13, 2009
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October 14 2009, 3:16am | Comments »
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FOREX VIDEO - New York Session Review - October 12, 2009
Banks closed in the U.S. for the Columbus Day holiday, plus the prospect of traders sidelined before a heavy mid-week dose of monthly economic and quarterly corporate earnings reports, made for thin trading conditions during today’s New York session. For the most part, it was a good day for currency traders to keep their powder dry. Curt Wehrley FX Bootcamp’s Quantitative Analyst
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October 13 2009, 1:28am | Comments »
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FOREX VIDEO - European Outlook October 12th 2009
Hi everyone, for this European outlook I concentrate on Cable and the Aussie Yen. The Aussie Yen analysis is a very simple extension of the trade we talked about on Friday. Pound on the other hand looks weak and I’m certainly looking for technical reasons to short. As you know trading is all about mitigating risk, this in mind I build a few different trade plans for the Pound. Good luck!! David Pegler
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October 12 2009, 3:22am | Comments »
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FOREX VIDEO - Pre London Outlook October 9th 2009
Hi everyone, nothing exciting in this outlook I once again draw on the Euro Pound cross for clues in trading Cable today. In addition to looking at these two currency pairs I also look at the Kiwi USD and Aussie Yen today. I expect some profit taking for the Kiwi and the Aussie Yen is threatening a key range break out. Good luck!! David Pegler
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October 9 2009, 2:18am | Comments »
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FOREX VIDEO - London Session Review - October 8, 2009
The British Pound Sterling was gaining strength from the pre-London session, and many of us were enjoying some longs that prospered into the 90 pip or so range. However, as London opened we found ourselves breaking the R2 reversal pivot point along with a rather identifiable price trap break. Using 4hr. 2hr, 1hr. and 15m charts we were able to comfortably devise a plan on longing a retest of this break point, around all kinds of overlapping support in the 1.6020-32 region. All that remained was waiting for the pullback to fall into our trap, this took much patience, but as you will see in the video ultimately paid off. FXBootcamp London Currency Coach- Christian Stephens
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October 8 2009, 3:21pm | Comments »
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FOREX VIDEO - Pre London Outlook October 8th 2009
Hi everyone, for today’s outlook I concentrate on the Euro Pound cross, it’s displaying some signs of rollover, if that’s indeed the case the Pound USD becomes an interesting long. I build a few conservative trade plans for Cable, Euro USD and the Euro Pound. Good luck!! David Pegler
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October 8 2009, 4:13am | Comments »
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FOREX VIDEO - Pre London Outlook October 7th 2009
Hi everyone, for this outlook I analyze Cable, the USD Yen and Pound Yen. Very simple analysis as usual. I build almost all today’s respective trade plans around the prevailing trend and breakouts of continuation patterns. I make use of basic price action as well support and resistance. Good luck!! David Pegler
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October 7 2009, 2:13am | Comments »
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FOREX VIDEO - Pre London Outlook October 5th 2009
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
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October 5 2009, 2:54am | Comments »
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FOREX VIDEO - Pre London Outlook October 1st 2009
Hi everyone Wednesday was an interesting trading day for sure let’s hope Thursday offers the same quality opportunities. For this presentation I take a look at Cable, Euro Pound and Aussie Yen. Cable being the focus is at an interesting area from a technical perspective and I explore a few trade plans form a bullish and bearish perspective. Aussie Yen on the other hand has entered back into a key 4 hr range. I’m not necessarily interested in trading the range but the pending break out I am very interested in trading. Good luck!! David Pegler
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October 1 2009, 3:38am | Comments »
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FOREX VIDEO - New York Session Review - Sept 30, 2009
SNB strikes again! The Swiss franc sold off sharply during the first hour of today’s New York session as the BIS reportedly bought currencies on behalf of that central bank to weaken Switzerland’s currency. A Fibonacci study and the concept of role reversal contributed to the design of a trade plan for buying the USD/CHF currency pair during the minutes following the initial spike on the swissie pairs. The EUR/CHF pair served as a guide to closing the USD/CHF long trade for a 110-pip profit. Curt Wehrley FX Bootcamp’s Quantitative Analyst
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October 1 2009, 3:32am | Comments »
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FOREX VIDEO - London Session Review - September 30, 2009
The EUR/USD had been showing Lower High’s for quite a while now on the 4 hour charts, forming a very distinct falling trend line. Just before London got started today we break this trend line. Typically, once something like this occurs, it’s very commonplace that a retest of this area is a high probability entry point back in the direction of the break, even if just for the short term. So let’s see, here we are at London market opening, after breaking this trend line and now sitting on the retested zone. Long off of this zone was certainly the plan, it was just a matter of the actual trigger and stop placement after that. In this video I show you how we built this trade plan to begin with, waited for our setup to be met, and took action. This trade ended up extending well for roughly a 1-3 risk vs. reward ratio for about a 70 pip winning trade. Nice way to end the month/quarter! FXBootcamp London Currency Coach- Christian Stephens
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September 30 2009, 4:36pm | Comments »
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FOREX VIDEO - Pre London Outlook September 30th 2009
Hi everyone. In this outlook I cover a multitude of pairs including the Euro USD, Euro Pound, Euro Yen and Pound Yen. Both the Yen set ups are almost identical; simply looking to meet the daily downtrend and trade with it. The Euro on the other hand is a little more of a complicated read, for the time being we are in a 4 hr channel, however I don’t expect that to last forever and I look at some breakout possibilities. I hope you enjoy the video!! David Pegler
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September 30 2009, 4:19am | Comments »
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FOREX VIDEO - New York Session Review - Sept 29, 2009
After rising during the early portion of today’s London session, the U.S. dollar index reached an area which has been historically significant over the past couple of years. From that point forward, the dollar basically remained flat against the euro through the London close. Although there were some opportunities to scalp the British pound pairs, capital preservation was arguably the most prudent position during today’s New York session. Curt Wehrley FX Bootcamp’s Quantitative Analyst
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September 30 2009, 4:03am | Comments »
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FOREX VIDEO - Pre London Outlook September 29th 2009
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
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September 29 2009, 1:44am | Comments »
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FOREX VIDEO - London Session Review - September 28, 2009
After an amazing week of shorting everything GBP last week, Asia seemed to have found a temporary bottom, evident by a series of higher lows taking place everywhere. This continued in early pre-London, and ultimately into the London open. While the directional trend may not be over, there were certainly enough pips between support entry points and initial resistance to build conservative trade plans on the counter trend today, at least until this very identifiable resistance, in which new shorts could be in order. So in this video, I show very clearly first what got me into a couple shorter term GBP/USD longs in pre-London, and beyond that the complete trade plan for the long we took in today’s London FXBootcamp session together, where we took profit, why, and how we shorted this resistance attempting to continue the recent short tone once reaching this level. Hope everyone had a great weekend, and fantastic Monday trading London. FXBootcamp London Currency Coach- Christian Stephens
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September 28 2009, 4:30pm | Comments »
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FOREX VIDEO - Pre London Outlook September 25th 2009
Hey everyone, this is my normal detailed market look but I wanted to get something to you in light of the significant currency moves we have seen over the last few days. I take a brief look at Cable and the Pound Yen and put together a few very conservative trend following trade plans. I also discuss some possible scenarios we could see during the London session today. Good luck!! David Pegler
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September 25 2009, 5:06am | Comments »
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FOREX VIDEO - New York Session Review - Sept 24, 2009
Bank of England governor Mervyn King told a local U.K. newspaper that the country’s banking sector is “not in good shape,” and that he saw the decline in the British pound as “helpful” to re-balancing of the country’s economy. When the market got word of King’s comments, sterling got smoked. Multiple short trade setups on the GBP/USD currency pair materialized during the first hour of today’s New York session. Those who shorted the cable realized a profit of up to 170 pips [depending on entry and exit strategy]. Curt Wehrley FX Bootcamp’s Quantitative Analyst
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September 25 2009, 3:08am | Comments »
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FOREX VIDEO - Pre London Outlook September 24th 2009
Hi everyone, with lots of news today it’s left our charts in a somewhat of a technical shambles. However it does look like we are about to see a dose of dollar strength. As weak as the dollar has been over the last month, moving forward in a conservative cautious manner makes the most sense. For this outlook I have constructed 2 very conservative trade plans for Cable and Euro USD respectively. Good luck and I hope you enjoy the video. David Pegler
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September 24 2009, 1:27am | Comments »
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FOREX VIDEO - Pre London Outlook September 23rd 2009
Hey everyone, as the risk of sounding boring I pick on the Euro Pound again for clues today, it really has been a fantastic barometer for relative strength over the last month. In addition I also build trade plans for the Aussie Yen and Pound USD. Aussie Yen is interesting, I include no indicators whatsoever just pure price action as well as support and resistance. Good luck!! David Pegler
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September 23 2009, 4:08am | Comments »
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FOREX VIDEO - Pre London Outlook Spetember 22nd 2009
Hey everyone, for today’s outlook I concentrate on everything pound. The Pound USD, Pound Yen and Euro Pound. Once again I use the Euro Pound cross as a proxy for relative strength moving forward today. Cable has hit some significant daily support and we look to be in retracement mode. I have outlined a few key support and resistance levels to look out for in building your trade plans. Good luck and I hope you enjoy the video!! David Pegler
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September 22 2009, 3:27am | Comments »