FOREX Training Video | London Session October 10, 2008

With the markets in the world dropping 7-10% overnight again, things were very choppy as expected during today’s London session, NY should be the place to be today. Basically we had ranges all over the place, and had to stick to a pure support/resistance strategy in our planning. In this video I demonstrate how we put together a long trade setup on the Eur/Usd, planning for continuation. This video shows the importance of locking in break even after some profit, and locking in some profit along the way. As once we got 50ish pips in profit, things abruptly turned against us. Our number one goal at bootcamp is Capital Preservation. Without profit stops a loss would have occurred. Overall the plan that had a first target of 75 pips made it to 54 pips before reversing. Worse case scenario for most was a MAP stop of +15-20 pips. (MAP = Minimal Acceptable Performance of 15 pips.) What a crazy week indeed, be careful in NY today folks. FXBootcamp London Currency Coach- Christian Stephens

5 Responses to “FOREX Training Video | London Session October 10, 2008”

  • mediomerde says:

    Paul Krugman ha sabido mostrar las contradicciones y riesgos que se esconden tras el modelo seguido a la hora de construir la Unión Europea. Se ha burlado de la simpleza argumental de los apóstoles de la teoría de la oferta, y de la seguridad con la que la doctrina oficial rechaza la posibilidad de retorno de las depresiones económicas. Los tigres asiáticos, México, Rusia, Japón, Argentina le han ido sirviendo de ejemplo.

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  • DDDianaDDD says:

    Great video, thanks!

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