Forex Signals – 60 pips profit so far from todays trade signal in the fx500club forex school
The www.fx500club.com don’t promote themselves as a forex trading signals service because primarily they are a live online forex trading school. However in addition to the fantastic live room services they do provide, video trade setups via their blog the www.fx500clubblog.com, they also send out daily emails with trade setups that they consider worth trading. All their services add to a very useful and profitable forex signals service and forex school. The price of the www.fx500club.com ? just £97 per month.
This was a channel breakout trade I liked the look of this morning. Dan Armitage confirmed my thoughts when I logged in to the www.fx500club.com live trading room this morning.
As you can see from my chart below I had drawn two trendlines on the 15 minute chart. It had tested the 0.8560 level numerous times during the night and not made any significant break throughs. In Hindsight a better entry would have been at about 1am this morning when both the cci21 and cci84 broke through zero to the downside.
I went short at 7am at 0.8554 hoping it would smash through the daily pivot, as you can see it broke it very convincingly, 1st take profit at 0.8515 those moving averages. Next target the monthly pivot at 0.8492. Nice trade and nice call www.fx500club.com
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Always Remember.
Keep your risk as a percentage of your capital low (1%), equals stress free trading.
Always work out potential losses before potential profits.
We are paid to take risks, if you aren’t in a trade you cannot win a trade!!
Buy off support and sell off resistance.
Bank partial profits early and move your stop loss to break even as soon as you can.
I am learning how to trade these setups and indicators across all time frames with the help of the fantastic team at the www.fx500club.com They have a live forex chat room and share their charts so that you can watch them find potential trades in real time.
They also have a school for learning how to trade longer term charts at www.fxmonkeyschool.com.
The fx500club and fxmonkeyschool, forex trading school don’t just trade charts and indicators alone, they teach us to use correlation of the whole market before entering a trade. It truly is the best place to learn how to trade forex properly, safely and profitably. It’s all about the pips and about protecting your capital.
Click Here to get a FREE days entry into the fx500 club live trading room