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

Category:

Education

Tags:

• GBP/USD
• EUR/GBP
• USD
• Index
• Fibonacci
• 21ema
• Weekly
• CPP
• pivot
• MAP
• London
• Forex
• FXBootcamp
• Christian
• Stephens

[afarghaly9]

i have to say all what i know about forex is from fxbootcamp, i recently purchased the fxbootcamp book and without a doubtt it was extremely helpful. These videos are extremely helpful for traders, specially the one's using your fxbootcamp layout... more to learn and many more pips to come!!!

thanks alot

[asturius]

Thanks Chris. Easy to follow presentation and very educational.

[gtime100]

Just had a look at your past videos. You are without doubt a master in the field. My question though is this: I 'think' I am listening to you in the sessions but for some reason your wisdom in the videos does not come through in the live sessions. I realise that most of the past week has been v. difficult, that the moment comes & goes quickly. But What Am I Missing??

[dibs01]

thanks christian good job

[jettel0815]

Thanks 1000 - wonderful explanation. I am glad to learn and learn.....

[cbrsorlo]

Great vid, can you explain what double bottom means ?

[kjguest30]

Thanks for the recap Chris

[FX582155200]

Thank you for your time Chris, nice gbp trade, I waited for the 21/55 on 1m and got 25 pips. Now I see how you make your pips, 40 here 40 there, but have to say, the skill is needed to take almost all of the pips from the not so long of a trade.

Lots and lots to learn from you.

[cadelevans]

Great video!1

Cheers Mr Stephens!!