Forex Trading Tips

Learn how our Trend Snapback Trading System makes 300 to 500 pips per month per currency. Trend Following System

Watch this video to see how we traded this news event. Direction was easy, but you will learn how the 1 min MACD put us in our trades based on 15 min and hourly chart analysis. 75 pips were gained fairly conservatively on this “scalp” trade. You will also learn how the 10 Year T-Note helped us buy JPY accross the board for a huge success.

http://www.informedtrades.com/ A lesson on what a pip is in the forex market as well as what fractional pip pricing is for active traders and investors in the foreign exchange market.

Considering the Holiday week we are currently within, it should not be a surprise how we find ourselves in a relatively ‘thin’ trading market. Certainly most of the big money is sidelined right now as people spend time with their families, as they should. With this in mind it is not unwise advice to protect your profits perhaps a little more aggressively than normal, and not necessarily expect incredible trend swings during the majority of this week. Opening the London session today we found ourselves in a small identifiable price trap that wicked through the top of the trap just before the London open. After a rather violent 50 pip drop after the high price bounced hard off of the 1.4800 area. In this video I highlight how from this point we put together a trade plan with a fairly high probability of success for what resulted in a 60′ish pip trade. Not a steamroller thats fro sure, but in a thin market 50 pips here 60 pips there is what it’s all about.

Happy Holidays!!

FXBootcamp London Currency Coach-
Christian Stephens

The British pound had been weak since the London open, and that theme continued through today’s New York session. A pullback in today’s downtrend on the GBP/USD currency pair provided a short trade entry prior to the open of US equity markets. Traders who took profit at the 2-week trendline netted 125 pips.

There was a quick little 70 pip jaunt to 1.30 on the EUR/USD in pre-London today which went very nice. However, this then set us up with a Double Top at 1.30, weekly R2 reversal Pivot Point, major psychological level just as the London market is opening. So a whole bunch of money is entering the market as we are at major resistance, recipe for short plan indeed any time that happens, at least on the near term. If we manage however to break 1.30 it looks like a good rally could ensue. It’s very rare that we attempt to build trade plan’s on a ‘counter-trend’ type scenario, but this setup was just too good to ignore. In this video I show how we were able to enter into this short in a couple places, while at the same time keeping the risk, and risk vs. reward in line. In any counter trend situation you typically will have a rougher ride down, as literally every line of support will be respected. To remove this stress you need to have a very solid trade plan, and control your risk so that the fluctuations will not ‘emotionally’ shake you out of the market. By doing this you remove the possibility of getting in your own way and cutting the trade short etc. Once you have moved 15-20 pips in profit and can lock in break even, just relax and give the trade room to play out. This trade was essentially a Fibonacci festival as you will see, which ultimately led to 80-90 overall pips at it’s best point for an initial 22 pip risk. It did however, take all night to reach it’s destination.

FXBootcamp London Currency Coach-
Christian Stephens

Most New York traders face a fork in the road strong or weak US dollar at the beginning of each day. Fortunately, multiple technical clues materialized on the currency charts during today’s London lunch, and all signs pointed down the same path: Weak USD. A long trade on the GBP/USD saw limited upside due to relative weakness of the British pound, but lack of strength was not an issue for the Swiss franc. A short trade came together on USD/CHF after the bounce at the central pivot point during the hour prior to today’s New York open. A reward of 110 pips was waiting for those traders who took profit at the M1 pivot point.

Free Forex Trading Tips: http://www.forexstrategysecrets.com/blog Forex Tip: do not set your stop loss by a set number of pips, or at a pivot point, or a Fibonacci line. Set your stops where the Forex market tells you to set them. This forex tip has helped me improve my trading tremendously. There is no such thing as a Forex autopilot mode.

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.

We found ourselves in a rather choppy pre-London, into London open on the majors today. With Eur/Usd in an extremely volatile, however clearly defined channel/range for hours upon hours. So with the exception of a few shots playing the channel top and bottom, it was a 100 pip range after all, it was time for some waiting. Simply set some alarms, build some trade plans around your bias for when it breaks, and await the break of the range. Finally not too long after the London market fully opened up, we busted through the range. The break was so quick and powerful, that it never truly did offer a pullback entry of sufficient levels to fit within a conservative trade plan. In this video we show that even when the bulk of the initial move was missed by many, using nothing more than Patience, Discipline, and a 38.2 Fibonacci retracement, we were able to insert ourselves in an extremely power move south on the Eur/Usd at a high probability area of a continued drop, and ultimately bag 150′ish pips on the second wave of the move. Fantastic way to wrap up the London portion of our 40 hour FXBootcamp trading marathon. Have a great weekend folks!

FXBootcamp London Currency Coach-
Christian Stephens