fxbootcamp asked:

It’s been a fantastic long term trending week for the USD. On the GBP/USD we were only 150 pips or so away from long term visual support we had identified months ago at 1.8512. As London began we found ourselves in a simple price trap with lower high’s and no lower lows. All that was needed was a little patience awaiting the break and a plan of attack. Whether you took the actual break, or the Fibonacci retracement after the break, you were rewarded with a rather painless 130 pips or so. If you were on top of things there was one sweet reload opportunity around 1.8590 as well. In this video we also discuss how after taking profit at 1.8512, using other methods of confirmation we were able to long the same GBP/USD at 1.8530 area. This ultimately amounted to another 130 pips into the NY session. Fantastic finish to a very technical week, enjoy the weekend folks.

FXBootcamp London Currency Coach-
Christian Stephens

fxbootcamp asked:

EUR/USD had a tremendous continuation after the FOMC announcement during yesterday’s NY afternoon trading. So here we are yet again, finding ourselves opening the London session at major long term resistance for the EUR/USD. 50% Fibonacci retracement long term from the 1.60’s high, Daily 200 ema, ripe for a pullback. However, since this most recent uptrend(or long term pullback depending how you look at it)has been controlled mainly by longer term charts, any drop/pullback off the daily could be very difficult to time and manage profits on say a 15m, or hourly chart. While there were several entry opportunities throughout the night on the pair, most of which ended up in minor profit, or break even, in this video we highlight one attempt using a lower high/possible 1 2 3 reversal pattenr setup to clue us into the shorter term charts for a trade plan. This plan ultimately netted around 50-60 pips depending on exit strategy. Also, once profit was taken, it allowed one to leave a ‘peice on the table’ for what could later be a much deeper pullback. If all this sounds like too much work, well, welcome to countertrending my friend, never a dull moment and constantly fighting with where to take profits etc. But again, it was the cards we were dealt for London. All British Pound pairings turned out to be the currency pairs to play with last night, nonetheless I think it important to show how we tried to ’stick a short’ on the EUR/USD last night, while limiting risk.

FXBootcamp London Currency Coach-
Christian Stephens

fxbootcamp asked:

In this video we highlight how we picked apart the GBP/USD all night long in once it broke it’s 2-4hr trend line to the downside. Using ema’s (gotta love the 21), bollinger bands, and primarily Fibonacci retracements there were numerous entries/profit exits on this pair throughout the session. Every move offered a quality Fib pullback but you HAD to be on your toes and have your plans in place ahead of time to take advantage of them, no time to ‘think it over’ at crunch time. Ultimately the pair could not convincingly break the daily S1 pivot point, and clear the bottom enough to void a double bottom. However, using all the clues available to us, some shown in this video, we were able to take 50 pips here, 60 there, 40 here, and they sure do add up. Enjoy!

FXBootcamp London Currency Coach – Christian Stephens

fxbootcamp asked:

Not too long after London open, and the Eurozone IFO data was released, the Eur became a bit bullish and the Japanese Yens became weak, which was a nice recipe for a Eur/Jpy long position. In this video we show how even if one had missed the first long opportunity covering some 80′ish pips… Using Extreme patience awaiting a Fibonacci pullback that seemed to Never arrive, but finally did, we were still able to find a high quality, high probability setup. This entry we waited forever and a day for ended up paying off nicely with 60′ish pips, and later gave yet another pullback which took us higher during the recording of this video. Never chase price is the motto, this setup shows how patience & discipline wins the day.

FXBootcamp London Currency Coach-
Christian Stephens

Winston McCafferty asked:


It’s important to succeed at Forex trading, is it not? So, what’s it like when you imagine quickly and painlessly trading the Forex successfully?

Then, just imagine how great you’ll feel when you can quickly and easily spot the market conditions and setups that will lead to successful and profitable trades.

It’s easy to do for traders who use proven methods , tested Forex trading strategies, and most importantly good coaching and training. After all, winning is what proven coaching and Forex training does for you.

The role of the truly effective trading coach is to create the right conditions for learning to happen, and to continually motivate their students. Most Forex traders are already highly motivated and therefore the task is to maintain that motivation and to generate excitement and enthusiasm.

The roles that an effective trainer/coach undertake are many and varied. At some stage they will be your: instructor, assessor, friend, mentor, facilitator, demonstrator, advisor, supporter, fact finder, motivator, counselor, organizer, planner and the fountain of all knowledge – so it’s important to find a good one.

With the thousands of different Forex training courses available, how do you know who’s got one that works? There are many to choose from, all making the same claims. Plus, Forex training is notorious for being filled with charlatans out there selling their get-rich-quick snake-oil.

The reality is that not everyone can make thousands of dollars overnight. If you could, we would all just buy the latest “Miracle Money System” DVD set for $500 and quit our jobs tomorrow. Yeah right!

The problem with being new to the Forex is that you don’t know who to trust. So let me show you seven “must haves” to get a real, genuine education in Forex.

You should get, as a minimum:

One – 24/7 Access to online training materials – professional videos, recorded live trading sessions etc. It’s important to be able to have access to them on your own time, and at your own pace. Plus, it’s nice to review things when you’re trading.

Two – A comprehensive written manual – some people learn better by reading than watching videos and nothing can substitute for well written teaching materials.

Three – Look for courses that offer live interactive sessions that let you look over the shoulder of a professional trader in real-time. These should be offered at least monthly but weekly or daily is even better.

Four – You want live monthly extended day-long online classes that allow you to review, all the information you received, get updates on the current market, and learn what’s working now.

Six – One-on-one mentoring (this one should probably be #1) to give you specific actionable trading advice. Encourage you to make progress and correct bad trading habits or techniques. This is the big one! Nothing works better than personalized coaching.

Seven – The live onsite option – Look for courses that offer periodic onsite training opportunities. An in-person seminar has its own dynamic and its own unique learning opportunities that you miss in ebooks, videos, or email and telephone mentoring.

Look for those seven features in a Forex training course that is offered by a successful professional trainer, with proven abilities to teach. After all, just because someone’s a great trader does not mean they can teach. Michael Jordan was a legendary basketball player, but openly admits he can’t coach.

Remember, success comes with commitment and action “period”.