FOREX VIDEO - London Session Review - August 17, 2011

Very volatile London FX session today, mostly revolving around the Swiss Franc right at the open, and the whole peg or no peg situation.  We did manage to catch a couple scalps totaling 150 pips or so from eur/chf and gbp/chf combo, yet you had to really be quick and willing to take larger risk on to try it.  In this video though I go over a far slower, much more conservative long on the aud/usd after technical clues of a short term change of trend.  Using mostly Fibonacci retracement levels along with stochastic cycles, and general role reversal, we were able to take a low risk, decent reward long near the end of today's London session.  Providing 50-60 pips if a scalp, or possibly another 50 if the final spot target is reached as the video portrays.  Hope you all had a wonderful trading day as well.  If you would like to check us out at FXBootcamp, there has never been a better time, over 12 hours a day of live trading/coaching, for a free tour go here  http://fxbootcamp.com/amember/go.php?r=194&i=l1

FXBootcamp London Currency Coach-
Christian Stephens
Twitter- @FXChris

 

 

Views: 564

Tags: Christian, FXBootcamp, Forex, London, Stephens, aud/usd, breakout, cycle, fibonacci, fxchris, More…price, pullback, reversal, role, stochastic, trap

Comment by lancesgreatgear on August 18, 2011 at 2:20am
Thanks
Comment by FX BOOTCAMP on August 18, 2011 at 4:33am
We nailed our target perfect on the intraday, however, I also hope many of you caught the longer term short zone around 106 targeting 9600 zone eventually.

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