Lower than normal volatility and a general lack of direction characterized today’s foreign exchange market. An 80-pip scalp trade on the GBP/JPY currency pair was about as good as it got for traders during the New York session.
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Lower than normal volatility and a general lack of direction characterized today’s foreign exchange market. An 80-pip scalp trade on the GBP/JPY currency pair was about as good as it got for traders during the New York session.
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Asia into London found us simply continuing the recent Japanese Yen strength against all comers. While shorting any of the Yen pairings was very viable, in this video I highlight how we built a trade plan around shorting the Eur/Jpy just after the London market opened, which ultimately reached our target of today’s M1...
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From today’s New York session open to the London close, the currency market was basically directionless.
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Today the charts were predicting a rather difficult, if not non-existent London session, with the exception of the British Pound itself. Right as London opened the GBP/USD shot up 40-50 pips in just 3 minutes but right smack into the 4hr 200 ema for the first time in a month. Major market open AT...
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DEMO and LIVE TRADING ACCOUNTS: www.tradingfx.com RANGE BAR CHART SOFTWARE DOWNLOAD: www.tradingfx.com AWARD WINNING TradingFX FOREX RANGE BAR CHARTS: www.tradingfx.com INFORMATION and FREE CLASSES Info@TradingFX.com Non-Farm Payroll Trade Session Presentation
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As we opened the London session today, we found ourselves a country mile from today’s Daily 5 ema, looking temporarily exhausted on the Eur/Usd, and Gbp/Usd, along with a few other pairs. In this video I will focus primarily on the Eur/Usd, and how we planned a conservative Fibonacci pullback trade entry risking 25...
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Rising expectations of a Con-Lib coalition in the UK gave the British pound a boost during today’s New York session. The GBP/USD currency pair rose more than 280 pips from the day’s low to reach the buck fifty level soon after the London close.
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Pre-London extended us very well on most pairings tonight. Leaving London nothing to do but counter-trend these trades back at least to area’s that were more comfortable to re-enter the directional trends still in progress. Since I have covered some counter-trend trades in a few recent video’s, in this video I will focus more...
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The EUR/USD had been showing Lower High’s for quite a while now on the 4 hour charts, forming a very distinct falling trend line. Just before London got started today we break this trend line. Typically, once something like this occurs, it’s very commonplace that a retest of this area is a high probability...
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DEMO and LIVE TRADING ACCOUNTS: www.tradingfx.com RANGE BAR CHART SOFTWARE DOWNLOAD: www.tradingfx.com AWARD WINNING TradingFX FOREX RANGE BAR CHARTS: www.tradingfx.com INFORMATION and FREE CLASSES Info@TradingFX.com
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