FxBootcamp

FOREX New York Session Video September 27, 2007

The EUR/USD didn't react in a seemingly logical manner to this morning's US news reports. The bounce at today's R2 pivot point during the first half-hour of the session was the first clue that New York was destined take this currency pair in a southern direction. The best entry after news was identified using both the 3-minute and 15-minute charts. The subsequent move down bounced precisely at the logical target – the 200 ema – producing a 28-pip profit.

Forex Moscow Session Video 27th September 2007

Using both Fibonacci Retracement to Extension targets and pivot points, we observe several potential targets for our news trade of the GBP.

FOREX New York Session Video September 26, 2007

The EUR/USD simply fizzled today following the release of U.S. durable goods orders news. Fortunately, the dollar yen had already been moving up during the prior sessions, and got its second wind in today's New York session. After a conservative entry at the 5 ema following the break and re-test of the M4 pivot point, it was a “ride the 5” scenario all the way to London close for a 30-pip profit.

FOREX London Session Video September 26th, 2007

The GBP/USD pair was sideways for the beginning of the London session with braiding EMA's. This is fairly normal before any somewhat major news releases, today's release being GDP at 4:30am NY time. However, the pair took off 30 minutes prior to news making the handling of a news 'price trap' trade far more difficult to manage. In this video we show you a few things to watch for to keep yourself out of trouble by chasing price. Then using multiple indicators such as bollinger bands, and various EMA's, along with a shorter term time frame. Can help you enter precisely with confirmation in the middle of a pre-existing move. As you will see however, proper trade management is also important. As this trade plan reached around 20 pips in profit it showed signs of ending prior to any target. Proper stop/risk management protected us from incurring a loss when a massive reversal took place. .

FOREX New York Session Video September 25, 2007

The EUR/USD found support at the 21 ema on the 4-hour chart during the day's prior sessions, then rose above the central pivot point. The break of the 1.4100 psychological level at the open of the New York session produced a 27-pip move which ended at the M4 pivot point in timely fashion – just 15 minutes before the release of U.S. news.

FOREX New York Session Video September 24, 2007

After reaching today's R1 pivot point – and a new all-time high – during the Moscow session, the EUR/USD showed signs that it might become range-bound as the London lunch hour arrived on a Monday with a sparse news calendar. New York traders did manage to push the euro below support, building hopes for an R1 to S1 day. Modest profits were attainable from the euro and from similar counter-trend moves among the other majors, but follow-through was limited.

Forex Moscow Session Video 20th September 2007

Today we review the importance of having a trade plan, what constitutes a plan and having the discipline to follow it through.

FOREX New York Session Video September 19, 2007

The FOMC's decision to cut the federal funds rate by 50 basis points triggered large moves for several major currency pairs during yesterday's New York afternoon. Traders who approached their charts at the open of today's New York session found that very little had happened to the EUR/USD during the day's preceding sessions. Unfortunately, U.S. CPI and housing starts news didn't offer enough punch to break the euro out of its range. Further, a week-to-week drop in U.S. oil inventories failed to break the USD/CAD out of the 25-pip range which formed mid-session. A good day for capital preservation.

FOREX London Session Video September 19th, 2007

After the British MPC Meeting Minutes release, the British pound took a trip south. While the GBP/USD had already moved a fair amount of pips, we were able to put together a trade plan based on trapping of the news price movement on a 5 minute chart. This led to a quality low risk vs. high reward trade setup that ultimately led to a 60-90 pip trade depending on member's exit plan. Just another day at FXBootcamp.com

Forex Moscow Session Video 19th September 2007

Keeping today's video short and sweet. Looking at entry points of an ongoing trend. Confirmation kept simple as well. Unfortunately for those of us entering after the Moscow Session starts, the trade was either knocked out at BE or a small loss.

Forex Moscow Session Video 17th September 2007

Using 4hr and 1hr charts for further confirmation, an appropriate area for a short arises. There are also other potential entries along the way with the last yielding as much as 20 pips.

Forex Moscow Session Video 13th September 2007

Keeping to the concept of "looking for reasons to sell in a downtrend", the USDCHF pair has shown the hourly 55ema (55ema on 15min chart) as resistance. A test of that would present itself with short entry for this pair that's been in a downtrend for the last few days. Thanks to NYC_LEE for pointing that out! Enjoy.

Forex Moscow Session Video 12th September 2007

Having a look at the USDCHF today, we have an opportunity for 30 pips, but a movement that certainly allows us to lock in MAP. Enjoy!

FOREX London Session Video September 11th, 2007

After GBP GDP was released the GBP/USD spiked within a 17 pip range over the next 5 minutes. After the first 5 minute candle we identified support & resistance, and planned a trade setup based on a break of those levels. After a break through the upside price trap we were able to initiate a relatively low risk vs. high reward trade plan with confidence. The result did not exactly follow through to our eventual target cleanly, but depending on each member's exit strategy netted us anywhere between 15-60 pips. A successful trade nonetheless. This video can help show how using multiple time frame S&R areas in addition to shorter term confirmation charts can provide the confidence to take a position on a fast moving breakout trade for some nice, easy, stress free pips.

FOREX New York Session Video September 10, 2007

The AUD/JPY had been in an uptrend since the early part of the Asian session. During its climb, it broke the 21 and 55 emas on the 15-minute chart, then reached the 200 ema about an hour into the New York session. In that vicinity, the Aussie Yen found more than a 200 ema – it was also home to a psychological level and the top of the channel. The 3-minute chart provided an outstanding entry, and the width of the channel predicted the ultimate downside target with almost eerie accuracy.

FOREX London Session Video September 10th, 2007

After a worse than expected British PPI report was released the GBP/USD bounced between a small range for an hour or so. Finally price broke through our upper news resistance line we had drawn, and the 15m 21ema, providing a quality gbp/usd entry with a lot of confirmations and a low 15-20 pip s/l versus a potential 100+ pip target (a super risk vs. reward situation). Unfortunately after price jettisoned to a +35-40 pip profit for most of us, it nearly just as fast retraced to stop most out at MAP (+15 pips). MAP is 'Minimal Acceptable Performance' at FX Bootcamp. So while this trade certainly did not approach anywhere near our goal it did still provide one of our successful trade setups for the session.

Forex Moscow Session Video 10th September 2007

AUDNZD presents itself with a very clean movement that follows through with several different indications all supporting the overall movement. Please enjoy the video.

Forex Moscow Session Video 16th September 2007

SKISS - Still Keeping it Simple Silly Identifying that the GBPUSD is in a gently forming uptrend, we look for and identify a few opportunities to buy in an uptrend. Keeping in mind that we are in some tight areas so rather than looking at a continuous trend, find opportunities to take profit as we go. Please enjoy!

FOREX New York Session Video September 5, 2007

The U.S. pending home sales index for July provided the forex market with a big surprise at the midpoint of today's New York session. The headline figure was a multi-year low, and the market responded by dumping dollars. Traders who took the break of the GBP/USD above the close of its first 5-minute candle after news enjoyed a “ride on the 5,” ending 75 pips later at the overlap of R1 and a psychological level.

Forex Moscow Session Video 5th September 2007

KISS - Keep It Simple Silly. Using Support and Resistance and a break thereof, we obtain conservative Fibonacci extension targets on the Pound Dollar pair.

FOREX New York Session Video September 4, 2007

New York traders returned from the Labor Day holiday and joined the EUR/USD downtrend which started during the Moscow session. The 3-minute chart and currency correlation provided confirmation for a conservative entry. A bounce at a weekly pivot point prior to ISM news limited profits to just 20 pips. More profits were attainable on the yen pairs as correlation with US stocks resumed during today's New York session.

FOREX London Session Video September 4th, 2007

After Moscow provided a clear opportunity for a GBP/USD breakout through the 55ema on the 15m chart to the downside, the GBP/USD continued it's downward spiral. Halfway through the London session a quality retracement to the 50.00% fib/15m 21ema, & hourly 5ema along with 3minute chart stochastic confirmation provided a fantastic re-entry opportunity with a high risk/low reward ratio.