FOREX VIDEO - London Session Review - November 3, 2009

Source: blogs.fxstreet.com

Very sweet session indeed on quite a few pairs today. In this video I focus on just one reload entry of one of these moves, the short on the GBP/USD. We had opened London and extended right down to our daily M1 pivot point/4 hour 200 ema combination. In this video I essentially show you the plan for a re-entry into this short yet again off of a combination of Fibonacci levels, hourly 5ema, daily S1 pivot point, and 4 hour 5 ema, and targeting our S2 pivot point today around 1.6250 or so.. This entry although planned well in advance by using 15m. 1hr. 4hr charts, ultimately was taken from a zoomed in 1 minute chart watching price action at our expected resistance area. With a risk of about 20 pips we snagged a nice 60+ pip reload here around 1.6328 without much difficulty. All pairs included though, today was just Sweet! FXBootcamp London Currency Coach- Christian Stephens


Read more...

  • USD Quivers from Chrysler-Fiat Ordeal

    By ForexYard - After gathering some positive momentum at the end of last week from US employment data, the US...

  • USDCHF trades in a range between 1.0394 and 1.0675

    USDCHF trades in a range between 1.0394 and 1.0675. Another rise towards 1.0675 resistance is expected later today. As long as this level holds,...

  • 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...

  • Dukascopy Morning Forex Overview - Sept 29 09

    Previous session overview The dollar and euro rose against the yen in Asia Tuesday as Japanese importers bought the two currencies to procure natural resources cheaply from overseas, but traders expect the greenback to soon resume falling. Hedge funds also sold the yen to unwind positions they had...

  • Japan Q1 GDP revised to -3.8%

    Q1 GDP revised to -3.8% q/q and -14.2% annualised. This was from a preliminary figure of -4% q/q and -15% annualised.  JPY crosses are trading...