FOREX VIDEO - London Session Review - September 3, 2009

Stellar day for the British Pound Sterling. We started off pre-London a bit slow, but gave no reason to doubt continuation of our GBP strength started yesterday during the London session, as the EUR/GBP was tipping it's hand early letting us know it's intentions for the Pound tonight.. While there were numerous GBP long related entries speckled through out the European/London sessions, in this video I focus on one of the latter entries, a News scalp. In this video I show why we felt bullish still on the GBP to begin with, how we built our trade plan, where we planned to stop our loss and take our profit. After which we simply awaited the news release, and plotted our Fibonacci pullback entry zone after initial direction was known. What we ended up with for a news scalp was about as good as it gets, a 45'ish pip trade bouncing right off our target for a full hit, for only a 10-12 pip risk. We had larger spot traders today, but I really wanted to share this news scalp with you, as I believe this type of trade is where many have a hard time dealing with. Today was a wonderful British Pound Sterling buffet, I do hope you got your fill as well!

Have a fantastic holiday weekend!

FXBootcamp London Currency Coach-
Christian Stephens

Category:

Education

Tags:

• EUR/GBP
• GBP/JPY
• GBP/USD
• GBP/CHF
• Pound
• strength
• Fibonacci
• M4
• Pivot
• correlation
• London
• Forex
• FXBootcamp
• Christian
• Stephens

[daniel8ish]

Thanks Chris good education.

[MsDawdawdaw]

great

[kjguest30]

thanks chris, great recap of class today

[cherylish1]

thank you for posting these videos- I always learn from them!

[lilmurfer]

thanks

[robrineable]

USAisAntiWhite:

Watch their 4 educational videos. They explain all lines they have on the charts. Then it is easy and yes, you have to be quick. If you hope to survie the markets. )

[wen59168]

Excellent as always! I learned how to buy a currency pair when it drop to support and sell when it soar to resistant. Chris did a excellent work on showing us how to do the daily trading journal as well.

Thanks Chris!

[rnp1thx]

Mr. AntiWhite: The clutter is just the use of larger EMAs, Pivots etc.-in order to display them easier in a lower resolution. Since YouTube is not so bad anymore, the thicknesses could be adjusted to make a more elegant view in the future.

Now this presentation is much calmer and better paced than the last. There is a lot of info here, and this is review. Also, watch some of Waynes' or Curts' videos to review how fxbootcamp functions. Get up Fri morn and watch a free runthru of NFP! Thanks CS

[pwlco1]

Thx Chris. Appreciate your dedication and time as always

[vam1996]

Enlightening as always