FOREX Training Video | London Session June 3, 2008
As the London session opened up, the Asian fade had taken the Eur/Usd down to the 1.5520 area. At first as the 55ema on the 15m seemed to take control it seemed we may be about to make some lower lows. However, with the Usd/Chf starting to break down, and the Eur/Usd 1m & 15m charts showing clear MACD histogram divergence at a 61.8 Fibonacci retracement of yesterday's range...a nice long to the 156.10'ish area looked to be shaping up. Using fibs, pivots (daily & weekly), multiple time frame EMA's, correlation with the Usd/Chf, and divergence clues, we were able to pinpoint some nice long entries. Both at the original break area of 1.5530, as well as a quality reload on a fib retracement around 1.5550, then onward to a nice target zone. The same trade was also available in reverse on the Usd/Chf. Depending on entries & reloads anywhere from 60-150 pips (due to reload) were achievable, that works =).FXBootcamp London Currency Coach - Christian Stephens
Channel: Education
Uploaded: November 30, 1999 at 12:00 am
Author: fxbootcamp
Length: 12:30
Rating: 4.80
Views: 992
Tags: Christian correlation CPP divergence EMA Eur/Usd fibonacci Forex FXBootcamp London M4 pivot retracement Stephens
Video Comments
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beverlyhills1234 (November 30, 1999 at 12:00 am)
Useful
keithdi (November 30, 1999 at 12:00 am)
This video is an excellent recapitulation of your successful application of Bootcamp methodology, Chris. I for one is glad to have your insight on hand. The class has certainly benefited from your insight.ThanksKeith
fxpro1 (November 30, 1999 at 12:00 am)
Chris good video. Straight to the point identifying targets with good risk verses reward clearly mapped out. Charts were not overly crazy with to many lines on them like some video in the past. Liked how you described the possible reload/2nd chance entry and chickens at R1. lol Ivan
Squeakerbaby123 (November 30, 1999 at 12:00 am)
Another great video Coach Chris- Thanks -Pezz |
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