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Asia’s activity today left us with a little cloudy picture on several pairs coming into London. We definitely had clear direction on many pairs but found ourselves near interim support/resistance on the same pairs as London was opening, so what we needed were some pullbacks. One such pairing was the GBP/USD today, which found itself pulling back to a near perfect Fibonacci zone which overlapped multiple types of dynamic ema resistance exactly as London opened. While this entry was ideal, should one have missed this entry (which sadly I did due to my alarm being 2 pips further), how could we try and still enter this trade conservatively and not feel like we were price chasing. Well in this video I show you how I walked the FXBootcamp room through ...

What an active market we had Friday New York with the triple witching hour, Gold dropping $22 in minutes along with other things, wow. Well as today opened in London we technically found ourselves standing in the middle of the highway on many Forex pairings. Where we had clearly broken support or resistance on a pair, yet definitely not yet reached the next area of support or resistance. Without knowing where to look for our next meal, in class we started looking to correlations for our clue train. In this video I show why we ended up settling mainly with the British Pound for some short term counter trend play. In this setup we use clues from the EUR/GBP pairing, the USD Index, simple price action (higher lows etc.), Fibonacci pullback zones, ...

Today I personally got a very late start as a trader in the London market, therefore I had none of my usual 1-2 hours of pre-planning done prior to things heating up. Sort of like being dropped in a combat zone blindfolded with a loaded gun and not knowing which way the enemy was, you knew you were in the battle arena, but not which way to point the rifle.

When I finally showed up I found the GBP/USD had already made a break to the downside in what looked like a decent quality short setup in pre-London which one would have been up 60′ish pips from, but now where yeah? So in this video I show how I went about building trade plan, without the normal pre-planning done, and adapting to what was happening in the market exactly ...

As the London session began today we were showing signs of the EUR/GBP challenging it’s previously broken resistance as role reversal support. Sure enough we did indeed break it halfway into the London morning. This also popped the GBP/USD to a higher high of it’s recent range, along with GBP/JPY and the GBP/CHF pairs, everything GBP basically. While all of the aforementioned pairs offered decent trade plan/set-ups this video I focus entirely on how we built the plan on the EUR/GBP, waited for our entry criteria to be met, then pounced on it once this criteria was achieved. Very successful day buying the British Pound, but one HAD to have patience early on in the day, as we were in a range for the first couple hours of London today.
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