FOREX VIDEO - London Session Review - May 6, 2010

Although the EUR/USD continued on it's merry way downward from pre-London into London itself, one can't help but look for any clues/opportunities to sneak into a counter trend spot/scalp back up on the EUR/USD at least on the short term. With NFP tomorrow morning, and quite a solid extension this week on the EUR/USD drop, a short term counter seemed feasible. In this video I discuss how we setup for a possible counter trend trade, what we looked for, and how we entered/exited the trade for a 50 pip profit/20'ish pip risk sort of move before the short continued again.

FXBootcamp London Currency Coach-
Christian Stephens

Category:

Education

Tags:

• EUR/USD
• countertrend
• scalp
• Fibonacci
• higher
• low
• role
• reversal
• trend
• London
• Forex
• FXBootcamp
• Christian
• Stephens

[fxbootcamp]

Indeed it was, the really good pips came directionally in New York though, very nice capitulation type move.

[gakki20]

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[bigbikee]

Thanks.

[magisana]

How do you see the price action with all the moving averages running all over it. Do you focus more on fibs, ma's, macd's. do you look at candle formations?

[ryanweng00]

I took part in Wayne's live session for the non-farm payroll, and made 40 pips in my demo account. Look forward to signing up for the live session.

[therandon]

great vid - thanks for taking the time to do this

[jeff7s]

thanks

[permanent222]

thx

[afarghaly9]

today was really hektic!

[TheMart58]

Thank you,