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Originally posted 2009-12-21 20:41:01. Republished by Old Post Promoter
Forex trading can be tough! Here’s a 7-minute video that reveals how I scan for forex trade setus, how to pinpoint entries and exits, and which trades to avoid when trading forex / currency trading. [forexonfire.com]
Originally posted 2010-04-01 20:40:23. Republished by Old Post Promoter
The US dollar had attempted, but failed, to make new gains against multiple currencies for a full round-the-clock cycle. During the final hour of European trading, the USD bulls seemed to give up, and the bears stepped in. Currency correlation, identification of basic support and resistance, and a Fibonacci study contributed to creation of a trade plan to go long on the GBP/USD currency pair. Those traders who took the shot, then closed the trade at the next significant level of resistance, earned a 60-pip profit at today’s London close.
Originally posted 2010-04-02 20:39:28. Republished by Old Post Promoter
Hey everybody, for this video I concentrate on the Yen, I look at the USD and Aussie Yen in some detail and try to formulate a good few trade plans. Not sure it’s going to be the easiest trading day but there do look like reasonable opportunities. Good luck!! David Pegler
www.informedtrades.com InformedTrades.com members share their outlook on the current environment in the futures, forex, and equities markets, identifying trade opportunities based on economics and technical analysis. Join us at informedtrades.com for the discussion. If you’re interested in trading these views, below are links to try a demo account with brokers approved by InformedTrades founders FXCM (currencies): bit.ly TOS (stocks): bit.ly Apex (futures): bit.ly
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.
Originally posted 2010-02-17 20:40:16. Republished by Old Post Promoter
Our London session today and tomorrow actually are pre-London into London, as one of our coaches is on break. With that in mind, our first hour today was completely our planning/plotting hour where we set-up all area’s of support/resistance, price traps, pattern formations etc. Once this was done we developed technical bias and reasoning for several of our setups, then simply wait for one of them to cough up a clue. Well one of these trade plan’s involved the EUR/USD forming a double bottom off support to open tonight, and rising at least to the 1.3318-22 area, and sure enough at 1:15am NY time we see a higher low quickly develop on the charts. In this video I cover in great detail how once we obtained our clue, we quickly finalized our trade plan, confirmed reasonable risk vs. reward, awaited our Fibonacci entry area. and promptly protected our trade with a break even stop. While this was not an enormous trade, obtaining 50-75 pips was entirely reasonable depending on how one managed it, which we also discuss in the video. Hey, Pips are pips! Enjoy. FXBootcamp London Currency Coach- Christian Stephens
At the open of today’s European session, major central banks announced a coordinated move to improve liquidity conditions in the global financial markets. The EUR/USD rose in response and managed to break above resistance of the 100-pip range which had defined the pair’s previous 12 hours of price action. A 100-pip trade was the outcome for traders who executed a long trade entry at the re-test of resistance, then took profit at the daily M4 pivot point.