Forex Trading Training Video

Posts Tagged ‘continuation’

Today was just an awesome trading day with Asia getting the party started and London carrying the party onward for nice continuations. We had very high quality 100+ pip trades on multiple pairs including GBP/USD, AUD, USD, EUR/JPY (or most any other yen pairing), among others. In this video I detail the GBP/USD short we began yesterday and continued today. Asia provided the best entry short around 1.5880 zone, yet even if you had missed this entry, the London open did not disappoint as we tested a weekly/daily central pivot point combination, 55ema, 50% Fibonacci retracement role reversal zone. This provided a reload that itself marched onward all night to our next support zone around 1.5980 zone for 150 pip’ish trade. Just another step likely on our way towards 1.58 zone. Wonderful day overall, New York may end up being a challenge. We only get days like this 2-3 times a month, major capital appreciation days. Happy Pippin! FXBootcamp London Currency Coach- Christian Stephens

Week to be flying by, we are already at the end of another. To finish off the week, I am exploring the possibility the Euro still has another wave of upside potential. Looks possible to the monthly CPP before the next wave of shorting. The USD/JPY has now broken a nice 4 HR trap and looks like it wants to cook with gas to the downside, if we can break though the 90.50 region. Have a great weekend Rob Helean

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

After a fantastic trend line breakout to the downside, and negative British housing news, all GBP related pairs proceeded nicely to downside pivot targets for the day. Once GBP/USD reached support that had been present for quite a while at 1.9754 you could tell profit taking was the theme. Now we plan a trade which we call a ‘Moo trade’ (see video for explanation) to take place during the second half of London. This is where the pullback reaches our m1 pivot point, which in this case overlapped with the 15m 21ema, and a fib line, acts as role reversal resistance, then immediately reverses back and continues right through that previous support reaching lower lows through S2. Ultimately we were able to stay patient awaiting our re-entry in the 1.9800-9805 area, then a quite painless +130 more pips graced us until the ‘cows came home’. Wonderful London indeed. Stay Safe!

After EUR/USD finally broke a well established ascending triangle on the Daily chart yesterday, we were looking for a retest of the break area to hopefully snag a high probability entry for continuation onward to and through 160. Using Fibonacci retracement levels, psychological level of 159.00, multiple ema’s on 1, 2, and 4 hour charts, and daily pivot points, we were able to identify an area of immense overlapping support. As the bollinger squeeze began, stochastic & macd divergence indicated a rise was imminent. All we needed was that quick pop to support for the high probability setup to play out to the upside, risking approximately 25 pips to gain 100+. The trade ultimately offered a simply perfect entry and gave us an easy 80 pips however, eventually reversing before ever touching 160. Nevertheless a high quality, high probability setup, which was able to be planned at least an hour in advance. What more can you ask for, even with the failure of continuation, it was an easy 50 pips nonetheless.

What can I say, just an amazing Pre-London and London session. Terrific Fibonacci entries abound all through the night on all Japanese yen pairs offered a plethora of quality trade setups. Making over a 1000 pips tonight wa snot really all that hard, wish it was always this active eh?. In this video I detail just one of the many trade setups that presented itself during the London session involving the GBP/JPY. One simple Fib entry with about a 50 pip stop provided 380 pips, excellent risk vs. reward, and this same entry was available on seven yen pairs at the same time, a basket was insane pips. Just a wonderful day to be a Forex trader! FXBootcamp London Currency Coach- Christian Stephens

Just as the London session was beginning we had a few early starters making an initial break. One of these was the EUR/USD which was essentially poised to continue it’s ride south ‘riding’ the 5ema on the Daily to at least 1.5560, likely eventually to 154.50. To start the day EUR/USD bounced off a 38.2 of yesterdays range, and the hourly 21 clearly showed it was in charge. After a few lower hourly high’s we had a fresh 5ema/8sma cross on the hourly and we were off. Then it was a simple matter of loading up on the quality Fibonacci retracements offered to us. First being after the initial break at the 50% area of the last swing around 1.5640, and the latter was a sweet reload around the 61.8 fib at 3am or so 1.5608-11. The latter entry had the added advantage of additional resistance there such as an overlapping 15m 21 ema, hourly 5ema, 4hr 200 ema etc. As I am writing this we are sitting on today’s S2 at 1.5524 threatening a further drop. A fairly painless 75-200 pips depending on how you handled profit taking/reloads etc. FXBootcamp London Currency Coach- Christian Stephens

We broke a nice little range we were in during the Moscow/Pre-London session on quite a few pairs, including the EUR/USD. While there were many more impactful opportunities about (Pound was Weeeeeak, and yens were a thing of beauty), in this video I focus on how we built a trade plan coming ‘into’ London open after the move had already produced nice pips. Using drawn trend lines we recognize a flag pattern develop on the 15m chart, along with key ema & Fibonacci levels. This overlap provided a decent risk vs. reward entry setup with a max target of around 90 pips for 30 or so pip risk. We determined target by finding an overlap of the daily m1 and weekly m1 pivot points, along with a fib extension as shown. Ultimately this trade only made it a little over half way to the target before coming all the way back to the entry zone (and another trade plan). Using proper trade management however most walked away with 20-40 pips from this move, all while allowing room for it to finish the move. Hey, not everything always goes as planned, but once you have break even locked in, and subsequently MAP (Minimal Acceptable Performance of 15 pips) then it’s time to let it run. Up to the market at that point. FXBootcamp London Currency Coach- Christian Stephens