Quite an incredible rally we had in the stock markets yesterday NY afternoon. This caused quite a sweet rally in the Japanese Yen cross pairs throughout the end of the day, and a subsequent Asian fade back down afterwards. Once the Asian fade back to the 4hr 21ema and a Fibonacci level had been reached, London itself was left wondering what to do. In this video I show how we built a trade plan from the ground up on the EUR/JPY. All that was left to be done was WAIT for it. Capital preservation is goal number one, and if we did not get our setup entry clues, well no trade then. However, the macd divergence, and other clues in the video did not disappoint. After an hour of waiting for our confirmation it was a rather quick 130 ‘ish pip ride to the upside before hitting resistance and coming all the way back. This trade was available on all yen pairs as a basket, or any single one of choice. Tonight was not a night to chase price, but with a little patience and discipline a several hundred pip day was not all that difficult for one to achieve. Have a great day! FXBootcamp London Currency Coach- Christian Stephens
July 23 2010

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Great video, thanks!