VIDEO: FXTradePros Channel on YouTube

Just wanted to point out that the FXTradePros Channel on YouTube has been updated and organized a bit, to make it easier to access the video archives. The link is in the right column of this page, just below the "Most Recent Video" bar.

RE: GBPJPY

GBPJPY is holding below 155 for now. Being that this is a down time for all the major markets, it will probably range below 155, and move sideways until Wellington and Sydney markets start to trade.

That being said, there really isn't a clear target for this trade, so keep your stop at break even, if you have an appetite for risk. You could also take partial profits now, and move stops to preserve the balance of the trade, or just clear for profit now.

Price is at 155 right now.

GBPUSD

I'm watching for a clear break above 1.6251, with first resitence at .6292-.6200. Watching for a clear break down, below .6225, with first resistence at .6200. First TP on a Sell at .6168. First TP on a Buy, .6372.

CHARTS: S/R Levels

S/R Levels: Added a couple new lines and moved 1 or 2 since yesterday. Click on picture to enlarge.

VIDEO: Part 1 of 2 - Review of S/R levels and the GBPJPY

Forex Video Review of S/R levels on posted charts, and going over S/R breaks on the GBPJPY. PART 1 OF 2

UPDATE

Excuse the lack of posts this week. I had to take some personal time to take care of some family obligations. All is fine, but I'm physically and mentally drained. Had to take a few days off from FX. I won't trade, and don't recommend you trade either, unless you are 100% mentally.

Will be back at it on Monday, after a weekend of rest..... New videos, posts, and will probably be opening the live webcast room before the end of the month. I will keep you posted on that.

CAD Employment numbers are coming out in a few hours, and this event usually provides some fireworks, especially on the CADJPY and the EURCAD. Check the calendar at the bottom of the page (click on it and scroll down if need be). We also have USD Trade Balance numbers shortly after the CAD Employment.

Moving Stops on GBPJPY and the Cable

If trades were taken on the GBPJPY or the GBPUSD, to stay conservative, I'd move stops to B/E, and the next hour tends to get volatile with some of the European markets opening.

GBPUSD Support at 1.61

A break below 1.61 could make a decent move down, with first support at 1.6020.

GBPJPY Notes going into Tokyo

Yesterday, the GBPJPY stayed in a 70 pip range through most of the Asian Session(154.60 to 155.30). Now it is finding support at 152.70 and 153.15, but that range will probably widen going into Tokyo. Key levels to watch right now is a break below 152.50, and above 153.15, then 153.50.

Tokyo Session

Everything accross the board is consolidating, going into Tokyo. It looks too good to be true, and probably is. If I were to chose one, it would be the Cable, just because it has room to retrace, and/or the sharp decline could continue.

Not going to make a Tokyo video today. Don't have time. So trade safe everyone, and we'll see how London shapes up. Will probably post a video then.

RE: GBPUSD

GBPUSD Moving up nicely.

VIDEO: Chart Preview going into London, Tokyo Review

Move has already begun on the Cable. This is why I think a live room would be better. Don't forget to answer the poll question to the upper right of this page. Thanks!

RE: GBPJPY and EURJPY

Both these pairs have made breaks already and are steadily moving up.

VIDEO: London Review EURJPY and Tokyo Preview

Not mentioned on the video is that the GBPJPY is also forming a consolidation squeeze. The shape is more of a wedge, but nonetheless, a squeeze is happening, which is normal for this time of the trading day. Also, EURJPY is forming a consolidation wedge.
See GBPJPY Chart Below Video

VIDEO: Trade Review from London, and Chart Analysis for Tokyo

Review of a trade on GBPUSD during London Session. Review of the setup and why I took the buy, and why I closed it when I did. wanted to point out setups, that should be easy to recognize, going into today's Tokyo session.

If you would, could you answer the Poll question, off to the right side of the page. I'm wanting to start doing live chart reviews going into mainly the London, and with time permitting, a short session going into Tokyo. Thank you.

Daily Webinar

On the right side of the page, you will see a poll, asking what your interest might be in a Live room, where all the guests can view my charts, and hear me speak as I analyze setups, PA, and answer questions. No downloads required. Of course, this would be a free service for the first month or two, maybe more, until we see what the response is.

Please give your answer if you would like, in the upper right side of this page. Thanks!

Video: Trade Setups, and Q&A From the London Session on Friday June 19, 2009

This is a video review, in 3 parts of Friday's setups, going into London Session, and a further explanation on some Q&A posted on last Friday.

Part 1 of 3 EURJPY and GBPUSD

Part 2 of 3 GBPJPY

Part 3 of 3 Q&A Review

VIDEO: Psyche Levels, GBP Retail Sales, GBPJPY Going Into London

Discussion on using "Psyche Levels" for support and resistance. Outlined consolidation squeezes on the EURJPY and the GBPJPY just before Tokyo. Also discussing risk aversion, the USD and GBP Retail Sales, and a buy taken on GBPJPY.

(To enlarge, click on button next to HQ at bottom of screen)

VIDEO: Review of GBPJPY, GBPUSD and EURJPY going into Tokyo Session

A Video review of an earlier post, and review of Forex Charts going into Tokyo Session. Review of GBPJPY, GBPUSD, and EURJPY.

(To enlarge, click on button next to HQ at bottom of screen)