FOREX London Session Video August 6th, 2007

In a British Pound only move, the GBP/USD broke downward out of a short term ascending triangle after a pre-London fake out to the upside touching R1. The pair offered several entry opportunities with confirmation from shorter term charts, and once the final break of the 55 occurred, screamed to a fantastic 100-130 pip trade for the fx bootcamp members who took advantage of it, ultimately landing on the M1 of the day.

Category:

Howto & Style

Tags:

• Ascending
• Triangle
• Break
• out
• London
• FX
• Bootcamp
• Forex
• GBP/USD
• R1
• S1
• M1
• Fibonacci

[larrygt1]

dam this guys got so many idicators on his chart you cant see anything interesting that he only shows examples when the market isnt live

[TradingIsmyLife]

Good work, keep it up.

Remember MAs and Stocs are slower than price, 3am is powerhour time where the GBPUSD tend to break. I'm assuming the two whips up and down was frankfurt/london open at 1-2am to flush stops before the move. It happens on average 3 times a month, I usually take the GBP/JPY on the bigben as the rewards are much greater.

[jaz48011]

good video