FxBootcamp

FOREX Training Video | New York Session February 28, 2008

Two opposing trendlines converged on the GBP/USD during today's European session to form a triangle, the apex of which was due for arrival in the early part of today's New York session. Traders who spotted the setup found a conservative long trade entry after the breakout – in the direction of the prevailing trend and the market's latest stint of dollar selling – during the hour prior to the start of the session. Fortunately, U.S. GDP news did not ruin a good thing, as the move ultimately produced a profit of between 70 to 80 pips (depending on entry) for traders who exited at the psychological level prior to the European close.

FOREX Training Video | European Session

Two great setups today. One at the DAX/FTSE open and the other at the close. We used the 1H, 15M and 1M charts to make scalp trades based on EMAs, Fibonacci and even a Pitch Fork. Both scalp opportunities offered 100 pips or more. Live FOREX Training | EVERYDAY! http://www.fxbootcamp.com

FOREX New York Session Video February 26, 2008

The USD/CAD has been trending down ever since oil prices breached the $100 per barrel level last week. The break below a longer-term uptrend support line during today's European session was the first sign that today's New York session might see more of the same. Traders who took the conservative short trade entry on the re-test of the support line, then remained patient while the Loonie created a stair step pattern, were rewarded with a net profit of up to 110 pips.

FOREX New York Session Video February 20, 2008

The GBP/USD has been in a downtrend since the latter part of last week. Dovish minutes from the Bank of England's most recent Monetary Policy Committee meeting pushed the pound to the S2 pivot point prior to the open of today's New York session. Higher than expected US CPI figures for January triggered the break of S2. Traders who shorted the pound on the re-test of S2 netted more than 40 pips with an exit at the S3 pivot point.

FOREX London Session Video February 19, 2008

Pretty active late Moscow into London session today.  Quite a few available trade plans out there but focus did tend to gravitate to British Pound related pairs.  Since the pound has been very weak as of late, all you really need to do is look for what currency is strong, pit it against the weak pound, and build a technical trade plan on that pair. In this video we show a trade setup that did not completely work out on GBP/USD since that pair is a battle of two weak currencies, as well as a beautiful double top off a weekly central pivot point on GBP/JPY that extended fully to our target for a couple hundred pips, since the Yen is way stronger than the pound right now.  Quite a difference with follow through on these two pairs, a perfect example of weak vs. weak and strong vs. weak currencies. Who can complain over a rather predictable several hundred pip day.

FOREX New York Session Video February 12, 2008

Since the midpoint of yesterday's New York session, the EUR/JPY had been making a series of higher lows. A higher high formed during the London lunch set the stage for a conservative entry on a long trade. Comments by Warren Buffett at the New York open kicked the yen crosses into a higher gear. The euro yen responded with a 130-pip “ride the 5” move which ended at a psychological level.

FOREX London Session Video February 8, 2008

Quite a few technical moves all throughout the London session on British Pound and Yen based pairs.  However, we also were able to spot a developing triangle on NZD/USD late in the London session.  In this video we show how we developed a trade plan in the room live prior to the triangle breakout.  Part of this plan included projecting targets in both directions from the tightening triangle apex of the Kiwi/usd and simply awaiting the break. Although the ultimate target was not quite reached 15-45 pips was certainly achievable in this trade depending on entry/exit strategies.

FOREX New York Session Video February 7, 2008

The EUR/USD broke support at the 1.4600 psychological level, and the European Central Bank announced its decision to keep rates on hold, during the hour prior to the start of today's New York session. Traders who took the short trade entry at the re-test of the figure were in excellent position to capitalize an hour later. The euro dropped to the tune of 60 pips in response to the speech by ECB president Jean-Claude Trichet, whose comments were less hawkish in comparison to his recent language on monetary policy. The move from conservative entry to logical profit target produced nearly 90 pips before the session's first hour was complete, and a second chance trade about two hours later was good for an additional 50 to 70 pips.

FOREX New York Session Video February 6, 2008

With no major U.S. news releases on today's calendar, and a busy news calendar lined up for tomorrow, the New York session proved to be a relatively slow one for the major currency pairs. Fortunately, a rise in European stock markets and positive start in U.S. markets did give the yen crosses a bit of a boost. For example, after an early bounce at its M1 pivot point during the European session, the EUR/JPY proceeded to break the 55 EMA on the 15-minute chart. Traders who took the conservative long trade entry on the re-test managed to eke out a modest profit.

FOREX New York Session Video February 5, 2008

Several signs identified at the start of today's New York session pointed toward a drop in the EUR/JPY. Terrible numbers from today's early release of the ISM non-manufacturing index proved to be the last straw for the euro yen. Traders who took the conservative entry soon after the open of the session, then stayed with the short trade until London close, secured a 125-pip profit.

Forex Non-Farm Payrolls News Trade

Headline NFP is a negative number. The dollar should drop right? Wrong! The revision was positive, ISM was positive and even a Microsoft/Yahoo rumor was positive for the stock markets... all giving the dollar strength. Watch the video to review what to trade, why to trade it and how it could be traded using a conservative/repeatable methodology. This is a video summary of the trading that was provided live at FXstreet.com