Hey everyone, for this Monday presentation I take a look at a small currency basket. I have constructed trade plans for the Euro USD, Euro Pound, USD Yen and Pound Yen. The USD Yen and Euro USD are both in some tight 4 hr price traps that I am watching closely for a break out. In addition to this analysis I talk about using the USD Yen and Euro Pound as proxy pairs for trading other USD and Yen related pairs. I hope you enjoy the video and good luck today!! David Pegler
London today opened with the British Pound/USD pairing stuck in a little triangle, price trap. Just as London opened it seemed to breach the upper resistance of this trap , but quickly proved to be a fakeout when we awaited a pullback. In this video I show how, in great detail, how we were able to stay out of the long, and build a solid tradeplan on the break either way of the trap. Sure enough we got a break on the next test of the bottom, awaited a Fibonacci pullback to the now broken trendline, and it was pretty much straight to our projected target in no time after that. Having solid patience and discipline in this setup led us to a very high quality pullback entry risking 22 pips or so for an 80 pip reward, London could start off worse eh? Good stuff. fxbootcamp London Currency Coach- Christian Stephens
Hey everyone, for this video I take a longer term look at Aussie USD, Aussie Yen and Pound Yen. The Yen crosses in general look very interesting, they are extremely congested and I dont expect that to continue very much longer. The Pound Yen especially is in a very clear apex of a daily trap. I hope you enjoy the video I also touch on my outlook for the equity markets. Good Luck!! David Pegler
www.daytradexpress – a short video showing a trade that was very close to be hedged!! Not given myself the best of chances here as I “assumed” a part of the procedure rather than sticking exactly to the rules. That highlights the importance of discipline. If a trade goes wrong but you followed the rules that’s ok as you cannot get 100% wins.
Hi everyone, for this presentation I put together a few conservative trade plans for the Euro USD and Euro Yen. Euro Yen is trapped within a trap and I look for a nice break out this week. Euro USD is a little more involved but simple analysis nonetheless. I hope you find the video valuable. David Pegler
Hello fellow traders! Today we are reviewing some trade setups on the EURJPY and covering a few of the big changes in store for FastPips.com and our members! Join us for free and receive more information on our no-charge forex overview 3 day course. Here at www.FastPips.com we sincerely want you to succeed! We aim to help new and seasoned forex traders find the best brokers available and share some of our most proven strategies for low-risk, high-reward trades. We will be offering our …
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Hey everyone. Todays video is a busy one to say the least, I conduct analysis and build trade plans for 4 currency pairs. Cable, Pound Yen, Pound Swiss and Euro USD. You going to need to bring your A game today as its a support and resistance and relative strength buffet. Today the Euro Pound cross is going to be a key proxy for the whole currency market I feel, even as far as the USD is concerned. Good luck and I hope you enjoy the video. David Pegler
