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Todays Market provided some nice setups and we traded some good patterns for over 280 pips profit. Join us for the live sessions : www.fap-tradershaven.com
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Posts Tagged ‘Session’
Forex Video – Live Session Trade Summary – 1 Dec 09.avi
July 3rd, 2010 by admin | No Comments | Filed in forex technical analysisFOREX VIDEO – London Session Review – October 22, 2009
June 13th, 2010 by admin | 5 Comments | Filed in forex technical analysis
Yesterday we enjoyed quite a Piptopia on the British Pound breakout of a Daily trendline to the upside. Sure enough, today was our opportunity in London to short it back down to the trendline retest. Pre-London gave us our first lower high to work with on the GBP/USD, and the 2hr EUR/GBP started developing a higher low to give us confidence in the move. The rest of the London session was spent reloading shorts at every Fibonacci pullback possible and turning a 100 or so pip move into a 250 pip play due to exponential reloads, I just love days like this, purely technical. Bad Retail Sales for Britain helped finish the job and there we were, right on our target zone to take profit, could not script it better really. FXBootcamp London Currency Coach- Christian Stephens
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FOREX VIDEO – New York Session Review – April 15, 2010
June 3rd, 2010 by admin | 7 Comments | Filed in forex technical analysis
After sliding nearly 120 pips during today’s London session, the EUR/USD currency pair spent much of the New York session clawing back half of that drop. That euro recovery set up a 40-pip short trade, which came together during the hour before the London close.
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FOREX VIDEO – London Session Review – July 30 2009
June 1st, 2010 by admin | 4 Comments | Filed in forex technical analysis
During Pre-London today the British Pound Sterling began showing signs of strength against all comers, and offered a nice higher low entry on GBP/USD that carried eventually all the way until the daily R2 reversal pivot point. Great trade, was very rewarding. However, should you have arrived into the market JUST AS London opened, around 3am NY time, the only conservative way to join this move mid-swing was a decent pullback. Using correlation with EUR/GBP, along with all of the GBP pairings at the same time, we built two trade plans to re-long GBP/USD, and GBP/JPY. Unfortunately the GBP/USD just barely missed our entry criteria, so unless you were in since pre-London, it was rather difficult to long and feel fantastic about the risk. However, as greatly detailed in this video, the GBP/JPY pullback did indeed get near enough to our trade plan’s entry zone, and furnished us with a nice short term higher low exactly when we wanted to see it. This information, along with GBP correlation beginning to show continuation (eur/gbp etc.) gave us the confidence to take our entry here with a very minimal stop loss of 15-30 pips depending on the support you chose to place your stop loss under. End result, as the video shows, was a very clean 70-80 pip trade that allowed us to lock in break even, and subsequently what we call MAP at FXBootcamp (Minimal Acceptable Performance) of 15 pips very easily and quickly. Once that was done we simply awaited the 157 zone which we had as …
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FOREX VIDEO REVIEW: London Session February 2, 2009
June 1st, 2010 by admin | 2 Comments | Filed in forex technical analysis
Quite a pre-London move was in play to start today’s London session on the Japanese Yen pairings, and one could have found themselves up quite a nice amount of pips already to start the London morning. In this video however, we highlight how using primarily Fibonacci retracement levels, along with currency correlation (EUR/GBP, GBP/USD, USD/JPY) we were able to plan and execute a high quality short continuation on the GBP/JPY, since the British Pound was very weak at the time, for a relatively painless and quick 140′ish pip trade. This continuation move took place entirely in the London morning session. Also in this video we show how we were able to determine how to take profit using short term charts to tell us when to get out of the way. Additionally we highlight both a counter-trend long on EUR/JPY and subsequent re-short off the 38.2 Fib pullback zone and 21ema on the 15min. It was a very active session that having multiple charts open at once gave a much clearer overall picture. If you were on the ball it was a fantastic session, especially if you started in pre-London.
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