FOREX VIDEO REVIEW: London Session December 29, 2008

Our first day back trading after the Christmas holiday still finds us, as expected, in a relatively thin trading market. That being said, Capitol Preservation is our primary focus this week without a doubt, no need to take silly risks. In this video I discuss in great detail how we spotted initial British Pound weakness during the London open, and how we translated this weakness into two technical short entries using the GBP/JPY pair. The hardest part was simply having the patience to wait for the pullbacks, which both happened eventually, a price chaser got hurt here most likely. However, with the market being so thin, profit taking was far trickier than normal as you could have easily watched 60+ pips profit stop you out break even twice. Jack be nimble Jack be quick... nothing wrong with a few 50-60'ish pip scalps, hey it all adds up at the end of the day.

Happy Holidays!!

FXBootcamp London Currency Coach-
Christian Stephens

Category:

Education

Tags:

• GBP/USD
• Cable
• British
• Pound
• GBP/JPY
• EUR/GBP
• Weakness
• Fibonacci
• pullback
• London
• Forex
• FXBootcamp
• Christian
• Stephens

[DDDianaDDD]

Great video, thanks!

[keris80]

Excellent Video..Thanks for sharing knowledge Chris..

[jcalberto2]

Very low quality video