FOREX VIDEO REVIEW: London Session March 5, 2009

Pre-London gave us some clues, along with one trade that ended up stopped out break even on the GBP/USD pairing. We had many clues of an impending rise, at least on the short term. In this video I show in detail how we planned, and ultimately confirmed our entry reasoning/criteria, primarily using Fibonacci, 21 ema's , macd, stochastics and higher lows. Also, why we took significant profit pretty much exactly at what ended up being the top of the move. This top turned out to be a reversal point for the remainder of the London session going into the British rate announcement due this morning. This entire move took place within the first half hour of the London open, a quick 60-70 pips when played properly, nothing wrong with that one day before NFP.

Have a great weekend!
FXBootcamp London Currency Coach-
Christian Stephens

Category:

Education

Tags:

• GBP/USD
• Fibonacci
• pullback
• trendline
• higher
• low
• 21ema
• 4hr
• bollinger
• bands
• London
• Forex
• FXBootcamp
• Christian
• Stephens

[mrtrock]

** much rather have taken your entry i mean.

im still learnin :)

[mrtrock]

i saw the same thing that day. my entry was around 4160. not as conservative as yours. i would have much rather done it that way.

i took it to the 4230 area because that was the distance of the ascending triangle as well as the previous days high and the R1 on wed. also from what i remember i had some EMAs around there on the 1 hour and 4 hour chart.

great video kind sir. ive been watching all of them. hopefully i'll see you in class soon.

cheers

[cadelevans]

It actually went down to 1.4160ish level and went up again to 1.42s level. Good vid man! Keep it up!

[brodel1234]

Good stuff man, nice move during the video, hilarious.