FOREX VIDEO REVIEW: London Session July 10th, 2009

July 7, 2010 by  
Filed under Forex review


Asia into London found us simply continuing the recent Japanese Yen strength against all comers. While shorting any of the Yen pairings was very viable, in this video I highlight how we built a trade plan around shorting the Eur/Jpy just after the London market opened, which ultimately reached our target of today’s M1 reversal pivot point. This completed a 38.2 Fibonacci to a 161.8 Fibonacci extension on today’s London trading, daily m1 pivot point, and overall 78.6 Fibonacci retracement level on the daily chart from the low two days ago. All of this overlapping support made it an easy profit take at this point, we will see what happens after the NY morning. Fitting end to a fantastic week of trading, have a great weekend! FXBootcamp London Currency Coach- Christian Stephens

Comments

2 Responses to “FOREX VIDEO REVIEW: London Session July 10th, 2009”

  1. DDDianaDDD on July 7th, 2010 12:41 pm

    Great video, thanks!

  2. rbonilla18 on July 7th, 2010 1:37 pm

    another look back to step i havent lost trade since 1992. The live session will not say when u enter a trade only after it has reached a superior. so no way to know if it really does what it preaches