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FOREX VIDEO | New York Session Review | January 18, 2011

2011-02-21T20:42:00.000-08:00

The EUR/USD currency pair rallied to match last week's high in early New York session trading, then gave up those gains as the European trading day came to a close.

FOREX VIDEO - London Session Review - January 13th, 2011

2011-02-07T09:50:00.000-08:00

I was quite caffeinated tonight as have been trading sort of around the clock with the FXBootcamp marathon this week, which in turn led to a much longer than usual video so get comfortable in your chair, I apologize for the length. Due to this I will let the video speak for itself. Simply put we had an Asia fade into a London open role reversal long off support with a reload to resistance. Been a

FOREX VIDEO | New York Session Review | February 2, 2011

2011-02-04T00:03:00.000-08:00

The recently beleaguered US dollar found some firmer footing today. The EUR/USD currency pair fell more than 60 pips from its New York session high before the end of the European trading day.

FOREX VIDEO | New York Session Review | February 1, 2011

2011-02-04T00:02:00.000-08:00

The US dollar saw broad selling pressure against the major currencies as the so-called risk trade was back on today. The EUR/USD currency pair established a new 12-week high during the New York session.

FOREX VIDEO - EUROPEAN OUTLOOK OCTOBER 7TH 2010

2010-10-09T08:11:00.000-07:00

Hey everybody, in this video I spend the time looking at Cable, we are out of room between support and resistance, as a result I'm expecting a nice move from this pair over the next 24 hours. I also provide details to Monday's upcoming webinar at Dailyfx. Good luck!! David Pegler

FOREX VIDEO - New York Session Review - January 20, 2010

2010-01-28T11:12:00.000-08:00

Multiple news events, from a move by Chinese regulators to restrict bank lending in the Middle Kingdom, to disappointing earnings from two major U.S. banks, cast a pall over global financial markets today. The EUR/JPY currency pair, which saw selling pressure since the early part of the Asian session, established a new low for the young year at its weekly M1 pivot point during today's New York

FOREX VIDEO - EUROPEAN OUTLOOK NOVEMBER 19TH 2009

2010-01-19T03:57:00.000-08:00

Hey everyone, its been a challenging few days with a few of our favorite currency pairs in a variety of ranges. This in mind I have defined a few important support and resistance areas for Cable, Aussie Yen, Pound Yen and Aussie USD. Until we resolve these ranges Im remaining very conservative. Good luck and I hope you enjoy the video. David Pegler

FOREX VIDEO- PRE LONDON OUTLOOK AUGUST 11TH 2009

2009-08-29T09:14:00.000-07:00

Hi everyone, for this London outlook I analyze and old favorite the Aussie USD and the Pound Yen. Although I concentrate on the Aussie USD the analysis applies broadly to the USD and Yen in general. The Aussie keeps producing lower highs on a 4 hr level leading us to a downside bias and the Pound Yen is in hot pursuit of some key daily support levels. I hope you enjoy the analysis and please keep

FOREX Training Video - August 18, 2006

2009-08-28T09:12:00.000-07:00

Traded the Swiss Franc. It had the best trade setup of all the major currency pairs. Stochastic and MACD divergence. Evening Star formation. 5/8 cross. Sold. Exited at the 200 email for a simple and stress free 30 pips.

FOREX VIDEO - PRE LONDON OUTLOOK AUGUST 20TH 2009

2009-08-27T09:06:00.000-07:00

Hi everyone, until we break out of the some of these longer term ranges, this choppy, session by session trading will prevail. This in mind all that we have at our disposal is basic price action on smaller time frames and old school support and resistance. In this video I highlight the Pound USD and Euro Yen cross. I have identified the longer term ranges and the short term trading possibilities.

FOREX VIDEO - London Session Review - August 19, 2009

2009-08-26T09:04:00.000-07:00

Today we found ourselves continuing our British Pound weakness and Japanese Yen strength from Pre-London, into our London open. This led us to marry Strong (JPY) with Weak (GBP) and focus our attention on the GBP/JPY pairing. All we could do for the first hour of the London open was build our trade plan for a continuation short off of a pullback to resistance. This area was not difficult to find

PRE LONDON OUTLOOK JULY 16TH 2009

2009-07-18T09:20:00.000-07:00

Hi everyone. In todays video I spend a brief moment reviewing yesterdays few trade plans. For the most part all our conservative targets were exceeded. Looking forward I build on our Euro related analysis with a trade plan for Euro USD and Euro Yen. I take into account the overall daily and 4 hour trends then extrapolate that to an intraday trade plan. Good luck!! David Pegler

FOREX VIDEO | NEW YORK SESSION REVIEW | July 15, 2009

2009-07-17T13:22:00.002-07:00

Risk appetite was in full swing today after Intel reported upbeat Q2 earnings and Q3 outlook just prior to today's Sydney open. Although the EUR/JPY was mostly stalled during today's London session, the pair extended its gains during the New York session. Traders who went long at the M4 pivot point at the US equity market open, then closed the trade when the currency pair reached its 4-hour 200

FOREX VIDEO | NEW YORK SESSION REVIEW | July 14, 2009

2009-07-17T13:22:00.001-07:00

Lower than normal volatility and a general lack of direction in currency markets meant only snack-size profits during today's New York session. A routine go-long-at-the-hourly-21 trade yielded a 40 pip profit before the London close.

FOREX VIDEO REVIEW: London Session July 8th, 2009

2009-07-17T13:21:00.001-07:00

Today we found ourselves hitting support just as the London market opened while were were still in the midst of a solid 4hr/daily downtrend on cable and the yen pairings. While there is no reason to think the downtrend is over, the charts were certainly showing many clues of needing to hit some upper support, such as the 1hour 21 ema or daily 5ema, in order to continue it's strong downtrend. So

FOREX VIDEO | NEW YORK SESSION REVIEW | July 7, 2009

2009-07-17T13:20:00.000-07:00

Although the US dollar lost ground against most major currencies during today's European session, the reserve currency recouped those losses during the New York session as risk aversion enveloped the financial markets. The descent of the EUR/USD currency pair from the M4 pivot point to the central pivot point delivered two short trades totaling more than 100 pips.

PRE LONDON OUTLOOK JUNE 29TH 2009

2009-07-10T12:13:00.000-07:00

Hey everyone, happy Monday. For todays London Outlook I take a look at the Kiwi USD, Pound Yen and Euro USD. All three currency pairs are enjoying a period of volatile consolidation. Not really going anywhere sustainable but moving several hundred pips daily. I am looking for some range breakouts very shortly on many different crosses. I have identified the ranges and perspective targets. Good

PRE LONDON OUTLOOK JULY 2ND 2009

2009-07-10T12:11:00.000-07:00

Hey everyone, for todays outlook I preview the pending NFP report and take a technical look at a Pound related basket. Cable, Pound Swissy and Pound Yen. Given the fact that we are pre NFP I have built some very conservative trade plans for these three Pound crosses. I have trapped price between some very obvious technical levels. This is not a day to be overly aggressive. Good luck and I hope

FOREX Training Video | London Session September 23, 2008

2009-02-12T15:04:00.000-08:00

After an incredible day yesterday things were sort of calm pre-London in a nice 60-70 pip range on the USD majors. We zeroed in on the Eur/Usd, and put a trap/trade plan together. In this video I recap in detail how we were able to take advantage of several low risk/high reward trade setups, the first of which presented itself right as the London Market was opening. If that entry was missed, a

Forex Video | London Session Review | September 18, 2008

2009-02-11T15:03:00.000-08:00

At the open of today's European session, major central banks announced a coordinated move to improve liquidity conditions in the global financial markets. The EUR/USD rose in response and managed to break above resistance of the 100-pip range which had defined the pair's previous 12 hours of price action. A 100-pip trade was the outcome for traders who executed a long trade entry at the re-test

Pre London Review September 17th 2008

2009-02-10T15:02:00.000-08:00

With lots of greed and fear in the market sometimes keeping it simple can pay dividends. We were able to trade a triangle breakout for GBPUSD. Lots of volatility but the plan never changed. Happy trading-David Pegler

FOREX Training Video | London Session September 4, 2008

2009-02-09T15:01:00.000-08:00

GBP/USD was in a very definable price trap during today's pre-London market. We had a series of Higher lows without any higher high's. We were approaching an inevitable apex of the small 15m triangle right as the London market was opening. A breakout or break/trap plan was a very acceptable plan to at least the 4 hr 21ema, with a possible overall target with overlapping pivots etc. around 179.15.

Forex Video | News Trade Alert | September 4, 2008

2009-02-09T15:00:00.000-08:00

Central bank rate decisions and the results of a survey of purchasing managers at US service firms are the key news events on tomorrow's calendar. Although the Bank of England and the European Central Bank are expected to keep their respective rates on hold, clues to the ECB's current monetary policy bias might surface from president Jean-Claude Trichet's statement to the press. The ISM services

FOREX Training Video | London Session August 25, 2008

2009-02-08T14:59:00.000-08:00

After some trend continuation on the USD and Oil on Friday, Asia made a break of support on most USD pairs leaving London wondering where to go. Being a holiday in England was already going to reduce liquidity and without nearby support or resistance, some time was needed to lay some framework for a trade plan. Watching the Majors closely we were able to find these clues. In this video I focus on

Forex Video | News Trade Alert | August 19, 2008

2009-02-07T14:58:00.002-08:00

The release of the August German ZEW figure during tomorrow's European session should draw some attention, as this economic sentiment indicator has been a consistent mover of the EUR/USD in recent months. The New York session features the US PPI report, which offers just 7 to 1 odds [based on the previous 24 releases] of producing a profitable news scalp trade.