FOREX VIDEO REVIEW: London Session February 27, 2009

Pre-London today started us off proper with a weak British Pound Sterling, along with a strong Japanese Yen, providing some nice pips off a recent double top. Yet in this video I focus completely on how we were able to insert ourselves into this move as it performed a 38.2 Fibonacci pullback during the first 30 minutes of the London open. Ultimately this video breaks down how we determined our risk vs reward, profit taking zone, stop loss area, timing of entry, correlation, essentially the entire trade plan beginning to end. It amounted to approximately 40 pips risk for 120'ish pip trade which performed very well and rather quickly to boot, all the way to our M1 reversal pivot point for the day. Pullback trading at it's best right here. Have a great weekend!

FXBootcamp London Currency Coach-
Christian Stephens

Category:

Education

Tags:

• GBP/USD
• USD/JPY
• GBP/JPY
• divergence
• Fibonacci
• double
• top
• M1
• pullback
• support
• London
• Forex
• FXBootcamp
• Christian
• Stephens

[DDDianaDDD]

Great video, thanks!

[echschmidt]

great analysis thnx chris