FOREX VIDEO - London Session Review - August 25, 2011

Sometimes direction of a currency pair is obvious, other times, it is an absolute mess of a range that is tightening more and more, which the Eur/Usd was in today's London session.  Days like this, buying or selling and holding is virtually impossible, yet being nimble, adapting to the market, and putting your scalp hat on can pay off if your smart about it. In this video I go over several intentional scalps that we planned and executed in both pre-London and the London session using primarily trendline/trap top entry along with price hesitation + stochastic cycle entries.  These entries were not spot trades, but rather intentional 15-20 pip risk scalp trades targeting the bottom of the trap some 50-60ish pips away. At  the end I go over a potential spot long at the tail end of London on the Aud/Usd, that made it to +30 by the time the video was produced, and is a risk free trade at this point.  I don't know about you, but I look forward for a serious breakout over the next week... bring it on!  If you wish to check us out and learn how to attack the FX market daily with a plan, come check us out...http://fxbootcamp.com/amember/go.php?r=194&i=l2

FXBootcamp London Currency Coach -
Christian Stephens
Twitter- @FXChris

 

Views: 356

Tags: Christian, FXBootcamp, FXChris, Stephens, aud/usd, bottom, cycle, direction, double, eur/usd, More…forex, fx, higher, low, nimble, range, scalp, stochastics, trading, trap, trendline

Comment by lancesgreatgear on August 26, 2011 at 3:38am
Thanks, always enjoy

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