Forex Video – Pre-European Review by – April 17, 2012

by FXChris on April 17, 2012 As we started our day in Pre-London, we found ourselves already in the middle of an 'Asian Fade' back to support after yesterdays strong move in New York. After carefully analyzing the USD Index, along with individual levels of support/resistance on Eur/Usd, Gbp/Usd, Aud/Usd and a few JPY pairs, we determined a high probability we would be long in London today on all of them. However, because we were in the middle we would have to wait until our zone was reached. In this video I show why we waited until our prescribed zone, mainly due to multiple overlapping area's of support + proper time of day (London Open), along with exactly why, where, when I pulled the trigger on two of these 5 longs. The words 'at support London Open' or 'at resistance London open' have always got me excited as I am sure it does some of you. Let's just say the level of quality of this sort of trade is extremely high and used to occur almost daily in London, but lately you have had to be more crafty. Yet today it was as straight forward as it gets. End result was quite a monster 250+ pip of a day if you took correlated baskets like I did, or still a great day even if you only took the smallest performer, the Eur/Usd at 75-80 pips, not too shabby.

Come join us in our Forex trading room at SmartPip, we would love to have you, join us at We setup trades daily in a pre-European live Forex trading room M-F 1am-3amEST (0500-0700GMT) and the room stays open until London close into New York. We also do private coaching by request.

Christian Stephens
@FXChris pre-European Analyst/Trader/Coach

{ 2 comments… read them below or add one }

richard crafton April 20, 2012 at 4:28 am

where on your website do i go to join?

FXChris April 20, 2012 at 4:55 am

Previous post:

Next post: