FOREX VIDEO - London Session Review - February 4, 2010

Recently we have been in a nice downtrend on the British pound overall as a currency. On top of this the Japanese Yen pairings have been rather volatile, but overall maintaining a rather tight range by long term chart standards. As London opened today we were seeing clues of continued GBP weakness, but in addition a little JPY strength to add to it across all of the Yen pairings. So this led us to zoom in very tightly to all Yen pairs, but particularly the GBP/JPY, as a perfect marriage of Weak+Strong was taking place. In this video I show in detail how we handled the breakout on the GBP/JPY which ended up dropping all throughout the London market until the British rate announcement arrived in the morning. The entry was not too difficult to acquire using Fibonacci , but you had to trust the plan and stick to it to garner all of the pips it ended up producing. Nice trade to last through the session, always prefer these over back and forth activity, tomorrow's NFP report could really liven things up at these levels.

FXBootcamp London Currency Coach-
Christian Stephens

Category:

Education

Tags:

• GBP/USD
• GBP/JPY
• USD/JPY
• weakness
• Fibonacci
• breakout
• pullback
• CPP
• pivot
• point
• risk
• M1
• S2
• 4hr
• London
• Forex
• FXBootcamp
• Christian
• Stephens

[fpricardo]

Thank you, Chris

[kjguest30]

thanks chris

[DDDianaDDD]

Great video, thanks!

[wen59168]

Short and sweet! What a excellent trade plan according to live market condition, sentiment! Precise entry and trade management. High odd repeatable trade set-up. Thanks Coach Chris!

[tainguyen01]

Thank you! very much for your great work. However, in your next video could you make quick basic explain on some of the technical you use to do analysis. Thank you!

[arcbody8008]

Thanks a bunch. All of you guys are quite helpful!!

[chinoski78]

Thanks. I always learn something new from your analysis.