Forex Video – Pre-European Review by – February 16, 2012

by FXChris on February 16, 2012

This entire week we have spent working our way back to the bottom of the recent consolidation range on the Eur/Usd. It has been 100+ pips every day as long as you waited for the right moment to take your shot. Today however, we open our day well extended from the previous day (we extended further after FOMC & into Asia) but not quite yet at the major support zone, yet at the same time not on resistance. So here we find ourselves in the middle waiting for one or the other. In this video we put together a battle plan for either contingency, since it is likely if we get another short it will only be a scalp, being that we are near a major support zone. Situations like this can be tricky, the last few days were certainly better looking than how we started today, but you make do with what you have, right? So using mostly Fibonacci retracement levels, pivots, role reversal, and USDX correlation, we put out plans together. In the end we ended up with a 35'ish pip eur/usd scalp along with a 40'ish pip Aud/Usd scalp. By no means amazing but 70 pips never killed anyone far as I know. We also discuss our intentions for later in the day/week.

If you would like to plan your day every day with us, please check SmartPip out at We run do analysis and plan our day in a pre-European live Forex trading room M-F 1am-3am EST (0600-0800GMT). We also do private coaching by request.

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

{ 5 comments… read them below or add one }

FXChris February 16, 2012 at 8:26 am

First review video for SmartPip, was a challenging London, hope you enjoy.

Shaun Schwarz February 16, 2012 at 1:49 pm

Hey Chris, thanks for the video. I was in your class at FXBC, in fact I only attended your class, and about two months ago I signed up for a 1-year subscription. When you left I was heartbroken, you were the only reason I was there, the other coaches have very different teaching and trading styles, and now I’m stuck with a full year subscription that I don’t use… Sigh… Please keep updating your website, I check the blogs frequently.


FXChris February 16, 2012 at 5:29 pm

Aww sorry man. I was sad to leave FXB, love the place, no ill will. If I were you I would give David’s class a try if you liked my style he is not that far off from it. Otherwise I hope we get to eventually see you in our pre-Euro class one way or the other.

gaz hands February 17, 2012 at 5:09 pm

thanks for the video chris
would love to join your class
the time frame doesnt suit me at the moment
keep the vidoes coming
i have learnt heaps from you
cheers gaz

FXChris February 17, 2012 at 6:16 pm

I totally understand Gaz. Feel free to continue being a free member, but do know that for paid members they have anytime access to that previous few days full re-broadcasts to learn from 24 hours a day. even if you cannot make the live class.

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