www.informedtrades.com A lesson on how the trade flows between different countries affect the value of their currencies for active traders and investors in the forex market.
Video Rating: 4 / 5

After a better than expected German IFO news event, and as expected Bank of England Meeting minutes, we spotted some 15 minute MACD/stochastic divergence playing out on the yen pairs. After taking a closer look we were able to locate a substantial amount of overlapping resistance on the GBP/JPY around 203.80 or so. This seemed to offer us a fantastic setup for a bounce off of this area for at least a 100 pip extension back down. All we had to do was wait for it to get there and look for some short term confirmation in order to enter our shorts. This resistance consisted of the daily central pivot point, the 50% Fibonacci retracement of yesterday’s range, the hourly 200 ema, 4 hour 55ema, and daily 21 ema. All of this was in the 203.75-203.80 area. As we were nearing this area we turned to a short term chart for confirmation, and sure enough we spot very clear 2 minute macd divergence to the downside exactly while getting a macd cross at 203.80. On top of this the German DAX, and DOW/S&P futures market turned to the downside. Placing a short around here with a very low risk profile (stop just above 204) provided a fantastic risk vs. reward for this or any other yen pair short. Within one 15 minute candle everyone was 70 pips in profit, and we reached our first target just over 100 pips into the move. Quite a conservative, repeatable entry right off resistance with confirmation. It really does not get any better than this. FXBootcamp London Currency Coach- Christian Stephens
Video Rating: 4 / 5