FOREX Training Video | London Session December 19, 2008

We found ourselves in a rather choppy pre-London, into London open on the majors today. With Eur/Usd in an extremely volatile, however clearly defined channel/range for hours upon hours. So with the exception of a few shots playing the channel top and bottom, it was a 100 pip range after all, it was time for some waiting. Simply set some alarms, build some trade plans around your bias for when it breaks, and await the break of the range. Finally not too long after the London market fully opened up, we busted through the range. The break was so quick and powerful, that it never truly did offer a pullback entry of sufficient levels to fit within a conservative trade plan. In this video we show that even when the bulk of the initial move was missed by many, using nothing more than Patience, Discipline, and a 38.2 Fibonacci retracement, we were able to insert ourselves in an extremely power move south on the Eur/Usd at a high probability area of a continued drop, and ultimately bag 150'ish pips on the second wave of the move. Fantastic way to wrap up the London portion of our 40 hour FXBootcamp trading marathon. Have a great weekend folks!

FXBootcamp London Currency Coach-
Christian Stephens

Category:

Education

Tags:

• Eur/Usd
• channel
• range
• breakout
• pullback
• Fibonacci
• Usd/Chf
• London
• Forex
• FXBootcamp
• Christian
• Stephens

[DDDianaDDD]

Great video!

[keris80]

1stavros1 , this is GFT Dealbook360 platform...pivots plotter also including inside but for fxbootcamp the pivot plotter is custom , what i mean it is script with fibonacci extensions...

[1stavros1]

where do you get your pivots is it with the software?

[keris80]

Excellent ... Thanks for sharing knowledge