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• FOREX VIDEO - Pre London Outlook September 21st 2009

  Hey everyone, for this Monday presentation I take a look at a small currency basket. I have constructed trade plans for the Euro USD, Euro Pound, USD Yen and Pound Yen. The USD Yen and Euro USD are both in some tight 4 hr price traps that I am watching closely for a break out. In addition to this analysis I talk about using the USD Yen and Euro Pound as proxy pairs for trading other USD and Yen related pairs. I hope you enjoy the video and good luck today!! David Pegler

  

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  September 21 2009, 3:03am | Comments »

• FOREX VIDEO - Pre London Outlook September 18th 2009

  Hey everyone, today’s presentation is no different to what I have been putting out this whole week. It’s all about the Euro Pound cross as our guiding light for today’s trading. I once again use this cross to build a trade plan for the Pound USD and the Pound Yen. I am posting this video a little earlier than usual; as a result I make use of longer term timeframes to get a general idea for market direction. Good luck!! David Pegler

  

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  September 18 2009, 1:09am | Comments »

• FOREX VIDEO - London Session Review - September 17, 2009

  As we opened London today we had many clues on the EUR/GBP 1 hour, 4 hour, and daily charts that we were due for, at least on the short term, a modest pullback to the downside from it’s recent strength indicating potential short term British Pound strength. Couple this with the USD starting to dive down another notch, as witnessed on the USD Index last night, we had ourselves the perfect marriage for a Forex trade, a strong currency (GBP) vs. weak currency (USD. With this information in hand we began to build trade plans longing the GBP/USD off of support, at least until we hit the weekly central pivot point. In this video I break down how we went about planning and ultimately executing this trade off of a Fibonacci pullback support area just as the London market opened for a 45 pip or so end result. Not the biggest trade in the world, but the London session was speckled with 30-50 pip trades tonight, ad let’s face it, those add up well! FXBootcamp London Currency Coach- Christian Stephens

  

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  September 17 2009, 3:59pm | Comments »

• FOREX VIDEO - Pre London Outlook September 17th 2009

  Hi everyone, for today’s outlook video I respond to a few requests I have received by taking a look at Euro Yen specifically as well as Cable and our daily bread the Euro Pound cross. I have been really concentrating on the Euro Pound this week as it has provided us with a very accurate proxy for relative strength. My normal simplicity today, lots of basic price action type analysis as well as multiple time frames use to assist in building some conservative trade plans. Good luck!! David Pegler

  

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  September 17 2009, 1:52am | Comments »

• FOREX VIDEO - New York Session Review - Sept 16, 2009

  You might say that the USD/JPY currency pair had psychological issues today. During today’s London session, the pair formed a double bottom at the 90.00 level, setting the stage for a potential recovery of the dollar against the yen. Traders who “bought the dip” after the break of the 90.50 area, then took profit near the upper Bollinger Band on the 4-hour chart, netted 60 to 75 pips [depending on entry and exit strategy]. Curt Wehrley FX Bootcamp’s Quantitative Analyst

  

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  September 17 2009, 12:59am | Comments »

• FOREX VIDEO - London Session Review - September 16, 2009

  While we continued to short the (insert your favorite yen pair here) during the Pre-London and into early London sessions, we found ourselves reaching an important area of support on the USD/JPY not too long after the London open. Even though everything on the Yens looked to continue to the downside, this support was very close to the big psychological level of 90.00, along with a multitude of overlapping support (Long term 78.6 fib, trendline, S2 pivot, etc.) all being struck just after a major market open. While we did not expect any kind of instant reversal, there certainly were reasons to look for clues of profit taking around this support and possibly translate that into some short term longs on GBP/JPY. At least until we could find dynamic resistance to re short the thing. So in this video, I highlight how we took profit on our original short pre-London, longed off support using a higher low for entry, took profit around 50 pips and re shorted for 50 pips, only to long a 15m Higher Low again, and shoot for more pips to the upside. It was a difficult session to hold onto anything but if you were nimble the pips were there for the taking. FXBootcamp London Currency Coach- Christian Stephens

  

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  September 16 2009, 3:53pm | Comments »

• FOREX VIDEO - Pre London Outlook September 16th 2009

  Hey everyone. With lots of economic data out of the way the prevailing dollar weakness and Euro Pound strength has continued. For today’s presentation I build on yesterday’s Pound related analysis and explore the Euro Pound cross for clues in trading GBP/USD. Cable calls for a skilled hand today given where we technically so strictly support and resistance entries today. Good luck!! David Pegler

  

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  September 16 2009, 1:48am | Comments »

• FOREX VIDEO - New York Session Review - September 15, 2009

  During today’s London session, Bank of England governor Mervyn King noted that the central bank was looking at ways to reduce bank reserves, including a cut in its deposit rate. Currency markets responded to King’s comments with a sharp British pound sell-off, followed by a more gradual melting of the GBP/USD during the New York session. The cable’s response to multiple U.S. news reports provided a clue to an entry point soon after the NYSE opening bell on what became a 60-pip trade. Curt Wehrley FX Bootcamp’s Quantitative Analyst

  

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  September 16 2009, 1:37am | Comments »

• FOREX VIDEO - Pre London Outlook September 15th 2009

  Hey everyone, today’s video is an interesting one. Although my trade plan I have constructed is directly involved with the Pound USD I use the Euro Pound cross and a proxy for the cable trade. Everyday Forex is a soup of relative strength and global cash flow, today is no different. The Euro Pound is the key for today moving forward. I hope you get something out of this video and good luck!! David Pegler

  

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  September 15 2009, 12:42am | Comments »

• FOREX VIDEO - Pre London Outlook September 11th 2009

  Hey everyone, as another trading week draws to a close I take a look at an old favorite the Kiwi USD and Cable. Kiwi has been in a slow methodical uptrend for several months and I look to capture a few intraday pips with the prevailing trend. Cable on the other hand is a little more complicated but with the help of some key Euro Pound technical’s I have put together a conservative cable related trade plan. Good luck!! David Pegler

  

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  September 11 2009, 3:13am | Comments »

• FOREX VIDEO - Pre London Outlook September 10th 2009

  Hey everyone. It’s been a while since we found ourselves in a trend of any sort and sometimes it can become challenging to keep all the different timeframes in context with each other. It’s very possible to have bearish days in a bullish trend, bearing this in mind I take some inventory for the Euro USD as well as the Pound Yen. Using some longer term analysis and a key price trap for the Pound Yen I build a few conservative trade plans. Good luck and I hope you enjoy the video. David Pegler

  

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  September 10 2009, 2:18am | Comments »

• FOREX VIDEO - New York Session Review - September 9, 2009

  Although the U.S. dollar bears were mostly dormant during today’s Asian and London sessions, they managed to emerge from their brief hibernation at the open of today’s New York session. Clues from inter-market and technical analysis on the EUR/USD currency pair pointed in the same direction: up. Those traders who took a long trade entry on the euro during the first hour of the session, earned a profit of between 45 and 85 pips [depending on entry and exit]. Curt Wehrley FX Bootcamp’s Quantitative Analyst

  

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  September 10 2009, 2:12am | Comments »

• FOREX VIDEO - London Session Review - September 9, 2009

  After yesterday’s fun selloff of the USD during London, we began pre-London today well extended on our Daily charts. The GBP/USD, EUR/USD, AUD/USD, all a country mile from their Daily 5 ema’s respectively. While this alone is not a reason to enter a trade back to those levels, it certainly makes it difficult to continue our USD selling until either support catches up to price, or more likely, a pullback to near those levels ensues. So in this video I show how I built a trade plan to Short the GBP/USD and EUR/USD back to support, and reload this trade on subsequent shorter term pullbacks, along with profit take zones. I would not classify these trades reversals, but merely a shorter term scalp back to support, where most of us were eager to relong them (or short the USD again). With reloads added in on multiple pairings, it was actually a very solid overall pip day if you caught these. FXBootcamp London Currency Coach- Christian Stephens

  

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  September 9 2009, 3:07pm | Comments »

• FOREX VIDEO - Pre London Outlook September 9th 2009

  Hey Everyone. Some very nice USD related moves I hope you were able to capitalize and grab a few pips along the way. For today’s outlook I continue the Euro related analysis we started yesterday. I take a look at the Euro USD and Euro Yen. Nothing particularly complicated, simple trend following type trade plans. Good luck and I hope you enjoy the video. David Pegler

  

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  September 9 2009, 1:42am | Comments »

• FOREX VIDEO - Pre London Outlook September 8th 2009

  Hey everyone, good to be back after a long weekend. Labor Day typically signals the end of summer and more importantly “summerish” trading conditions. For this outlook video I take a look at the Euro and Pound USD. Euro has been showing some good relative strength lately and conversely Pound some relative weakness. I have put together some very conservative trade plans to exploit their respective relative strengths. Good luck!! David Pegler

  

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  September 8 2009, 4:40am | Comments »

• FOREX VIDEO - London Session Review - September 3, 2009

  Stellar day for the British Pound Sterling. We started off pre-London a bit slow, but gave no reason to doubt continuation of our GBP strength started yesterday during the London session, as the EUR/GBP was tipping it’s hand early letting us know it’s intentions for the Pound tonight.. While there were numerous GBP long related entries speckled through out the European/London sessions, in this video I focus on one of the latter entries, a News scalp. In this video I show why we felt bullish still on the GBP to begin with, how we built our trade plan, where we planned to stop our loss and take our profit. After which we simply awaited the news release, and plotted our Fibonacci pullback entry zone after initial direction was known. What we ended up with for a news scalp was about as good as it gets, a 45′ish pip trade bouncing right off our target for a full hit, for only a 10-12 pip risk. We had larger spot traders today, but I really wanted to share this news scalp with you, as I believe this type of trade is where many have a hard time dealing with. Today was a wonderful British Pound Sterling buffet, I do hope you got your fill as well! Have a fantastic holiday weekend! FXBootcamp London Currency Coach- Christian Stephens

  

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  September 3 2009, 2:29pm | Comments »

• Volatility Analysis: AUD/JPY

  [Click on the graph above for a larger version] One of your most important indicators for trading the Forex market is the clock. Knowing how to trade — using technical and fundamental analysis, managing risk, adopting a trader’s mindset — is critical, but your effectiveness as a trader is limited until you know when to trade. The above graph [click on the graph to view a larger version] is a visual answer to the question, “When does the AUD/JPY tend to move?” The small black squares on the graph represent the average range (high minus low) for the 15-minute candle which opens at the time of day designated by the scale at the bottom of the graph. The gray bars, which stretch above and below the black squares, represent what statisticians refer to as the 95% confidence interval for the true mean of the range for candles at that time of day. For an example of how to interpret those gray bars, look to the one labeled “Eastern European open”. The average range of the 15-minute candle which opens at 06:00 GMT, based on AUD/JPY price data from June 15 through August 14, has been about 20 pips. Recent data suggests the range of that candle has been statistically different from the average range (15 pips) of the previous 15-minute candle, but not statistically different from the average range (19 pips) of the next 15-minute candle. In simpler terms, the AUD/JPY has recently seen a significant surge in volatility during the hour beginning at 06:00 GMT, as compared to the volatility during the prior 4 hours. This graph does not in any way predict the direction that the AUD/JPY moves at given time. It only shows how big the 15-minute candles have tended to be at different times in the day. Times shown at the bottom of the graph are GMT. To convert GMT to your local time, go here. Curt Wehrley FX Bootcamp’s Quantitative Analyst Related posts: AUD/USD volatility by time of day (summer 2009) EUR/USD volatility by time of day (summer 2009) GBP/USD volatility by time of day (summer 2009) EUR/JPY volatility by time of day (summer 2009) GBP/JPY volatility by time of day (summer 2009)

  

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  September 3 2009, 1:59am | Comments »

• FOREX VIDEO - Pre London Outlook September 3rd 2009

  Hi everyone, for this presentation I continue to build on the Euro Pound analysis that we have been concentrating on this week. I use this information to help me build a Euro USD trade plan for today. It’s an interesting video in that we have to contend with changes in direction across multiple timeframes. I have outlined a few key technical zones to look for moving forward today. Good luck. David Pegler

  

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  September 3 2009, 1:15am | Comments »

• FOREX VIDEO - New York Session Review - Sept 1, 2009

  Risk aversion had been the primary theme in global financial markets during today’s London session. An attempt by bulls to wrest control from the bears after the release of better than expected US news proved futile during the New York session. Traders who waited patiently for the post-news volatility to subside before shorting the EUR/USD currency pair, were rewarded with a profit of at least 90 pips before the London close. Curt Wehrley FX Bootcamp’s Quantitative Analyst

  

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  September 2 2009, 6:41am | Comments »

• FOREX VIDEO - Pre London Outlook September 2nd 2009

  Hey everybody, for this presentation I expand on yesterday’s Euro Pound analysis and then use this information to explore some trade opportunities for the Euro USD and Euro Yen. This is some very simple technical analysis to follow, basic price action, fibs and a trend following trade plan for both pairs. Good luck!! David Pegler

  

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  September 2 2009, 12:31am | Comments »

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