As we arrived into pre-London today we found ourselves coming off resistance on the EUR/USD, EUR/GBP as well as some other pairs, which correlated perfectly with what the USDX was showing. While longer term charts were crystal clear on directional intent, the shorter term ones today were a bit conflicting. So we put together a plan for two different contingencies and then hid in the bushes to wait for our prey. In this video I show two of the plans we put together in class today along with how they were managed. In this plan we mostly used role reversal, correlation, Fibonacci, time of day, and stochastic cycles for our setup.
Enjoy the video, If you would like to plan your day every day with us in the forex trading room, please check SmartPip out at http://SmartPip.com/. We setup trades daily in a pre-European live Forex trading room M-F 0600-0800GMT. We also do private coaching by request, and an active Forex forum.
Christian Stephens
@FXChris
SmartPip.com pre-European Analyst/Trader/Coach
{ 2 comments… read them below or add one }
Another great set of plans, that were easy to follow, thanks !
Yes very good setups. I missed the eur/usd out of fear but caught most of the eur/gbp based on you bringing it up in class.
Thanks
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