Forex Trading Training Video

Posts Tagged ‘pullback’

After ranging for what seemed an eternity this week on the extremely weak Eur/Usd, Aud/Usd and others, we finally started showing some signs today, beginning in Asia of a breakout pullback of the overall drop about to ensue. In this video I show 100% how we set-up, and executed this live trade in the London session real-time, for a relatively painless 50+ pips depending on entry. We also had an even better reload after this entry I on the eur/usd & aud/usd that once I was done this video hit it’s the next targets and gave many of us 1-300 pip days. Very rewarding day for the conservative, disciplined, patient trader. If you wish to join us in the Live trading room or check us out go here… fxbootcamp.com Enjoy! FXBootcamp London Currency Coach- Christian Stephens @FXChris

So much fundamental news coming out regarding the hugely oversold Swiss Franc pairs lately has allowed an incredibly strong rally, or rather Swiss Franc sell off to take place. While there have been a plethora of short term entries long on these pairs each kicking out 70-100 pip swings, there was also a nice opportunity for a high quality Counter-trend scalp this morning at the end of our London session. In this video I highlight in detail why I was looking for a counter to begin with, what sort of confirmation we looked for, and exactly how/where we entered the trade live in the classroom. I normally do not do counter-trend video’s but if you ever wondered how to enter them as safely as possible, this video should show that clearly. Hope you all had a fantastic week, it’s been volatile for sure, and have a great weekend! If you wish to learn how to find and put together high quality trade plans on a daily basis, FXBootcamp has live sessions 12+ hours a day covering Asia, Pre-London, London, and New York markets. Take a free tour at fxbootcamp.com FXBootcamp London Currency Coach- Christian Stephens @FXChris

Today was simply an amazing trading day from Asia onward, what with Intervention from Japan, multiple rate announcements, NFP tomorrow, the tension in the air was ripe. The coolest thing though is even with the very sweet moves we had today, everything was moving in a very technical fashion that allowed us to plan and execute trade after trade, creating the biggest trading day in a while for many bootcampers in the room. In this video I detail how we attacked the EUR/USD from the London open into the New York morning, and still are marching to our 1.41 zone target as I make this video. Using primarily role reversal, general price action, and Fibonacci retracement levels to get us into the mix. Hope you had a great day yourself, and have a fantastic weekend! Feel free to come check us out if you wish to learn how to build trade plans like these yourself, take a tour of FXBootcamp fxbootcamp.com FXBootcamp London Currency Coach- Christian Stephens @fxchris

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

I was quite caffeinated tonight as have been trading sort of around the clock with the FXBootcamp marathon this week, which in turn led to a much longer than usual video so get comfortable in your chair, I apologize for the length. Due to this I will let the video speak for itself. Simply put we had an Asia fade into a London open role reversal long off support with a reload to resistance. Been a powerful day yet again, glad to see London back in form. FXBootcamp London Currency Coach- Christian Stephens

** Video is Mis-Dated, I must have gone bonkers when I dated it 1-10-11, it’s actually 1-12-11* This week trading during the london morning has been rather umm….let’s say challenging. One can only watch so many +30 to +45 pips trades go to break even before getting rather hostile. Follow through has been dismal. However, things have been fantastic during the Asia and NY markets. Today we finally saw some decent London liquidity in play and found ourselves actually having to pick and choose what to do. In this video I demonstrate how I got into the AUD/USD long in the pre-European session, took profit (a bit aggressively I must say in hindsight), and then planned along with the room, then later executed a continuation long attempt around multiple layers of support. Overlapping levels of support/resistance. I always find are the easiest time/places to take entries. The EUR/USD, GBP/USD, and most other USD pairings really took off during the same time into the London lunch. Overall, as long as you got creative taking profit, it was an enormously better London than the prior few days. Glad to see money coming back to London. FXBootcamp London Currency Coach- Christian Stephens

Nearly every major pairing with the USD had a rather identical setup as the London open was setting up. Continued USD weakness, yet all pairings not quite at their respective resistance/support zones. So the plans in place were primarily focused on awaiting pullbacks taking Fibonacci entries into resistance at minimum, 137220 zone for eur/usd, 16100 zone for gbp/usd etc. As London opened the Eur/Usd decided to continue mission after a rather Weak pullback which left many of us unable to reload the long. However, the Gbp/Usd did indeed pullback spot on to our entry zone around 16040-50, looking for a 50-60 pip trade here into the Weekly central pivot point, and 4hr trendline awaiting us in the 161 region. I must admit this trade became a bit difficult in the late stages of profit taking as it barely even hit the outer edge of our target, so we only ended up with sorta 40 pips. Yet it was clear by the time we reached our target that the British Pound itself had become rather weak since the open, and the only reason we even hit near our target was the continuing to fall USD. Enough said, thank you for my profit, next trade plan please. Some days are certainly better than others. FXBootcamp London Currency Coach- Christian Stephens

As London opened today we bounced decisively off of the recent range high, which was also today’s M4 reversal pivot point in the 1.4770’s area, and found our way all the way to the bottom of the range in the 1.4640’s region, which has been clear support for days now. In this video I show how we developed a high quality short trade plan after a Fibonacci pullback to the 1.4690 zone where not only the 38.2 Fibonacci retracement sat, but also the 15m 21/55 ema cross there, today’s Central pivot point at 1.4693, the hourly 5, essentially quite a bit of visual resistance overlap. While all of this overlap does not by itself in any way guarantee a drop again, it does stand to reason that GBP/USD bears would find more than a few reasons to take another shot short right there. All that was needed then was a little patience to await price action to work it’s way there, and once it did, all it took was a flash of red on a 1m candle to get us into the short targeting at least a 65 pip or so reward for maybe a 15′ish pip risk, 4-1 reward vs risk, very nice. We quickly found ourselves in profit around 30 pips which offered a perfect opportunity to protect break even, and let the trade continue. As the video shows, in due time we did indeed find ourselves showing hesitation at the hourly 200 ema, and not far off from the weekly central pivot point. Reason enough to snatch up the 60 or so pips we worked hard to extract on this successful trade plan, and with the rate announcement not …

www.swankymarkets.com 3289 Pips Profit this Week. What a week, price just went nuts. I did say at the start of the week I was expecting lots of movement and violity. It is very hard this week to put a number on the amount of pips my outlooks made. We know we made 1000s, but we did not get the pullbacks to logical levels, and price just kept on going, I did show you during the week what to look for on smaller time frames to get you in, but I dont know how many of you did do that and got on at which levels, so I can only count the pips I know you made from my outlook videos. And I have even taken a third off of that figure just to be even fairer. I cant be fairer than that.

The British Pound Sterling opened today’s London session looking very tired to the upside, showing things such as continuous lower highs on the GBP/USD, and higher lows on the EUR/GBP. The ‘Cable’ seemed almost destined to tag it’s 4hour 21 day exponential moving average, all we needed was a reasonable trade plan, and entry criteria with a proper risk vs. reward ratio to get us in, that we could live with. In this video I highlight in great detail, how what we spotted on the daily and 4 hour charts at first, led us to identifying a quality price trap on the 15 minute intraday chart at the London up. Then ultimately used one final lower high on a small 1 minute chart to prove our direction, build a plan, and take a Fibonacci pullback after the break of our trap for some nice pips. There was indeed volatility today, and one’s total success certainly depended on profit taking practices. However, we did indeed ultimately reach our price trap projection, along with the 4hour 21ema before a solid round of profit taking began. Patience and discipline were the key here, while a price ‘chaser’ would have gotten creamed today, the pullback trader became well fed. FXBootcamp London Currency Coach- Christian Stephens