Learn How To Trade the Euro USD using what I have learned from the www.fx500club.com

Dan and the team at the fx500club seem to have gone into overdrive this week now that he is teaching us to trade initiative as opposed to just strictly sticking to setups shown purely by the indicators.

This Euro short was taken off the resistance from the daily pivot and also the physcological level of  1.3600, risky but with a small stop loss above the level, well worth a punt. Let money management take the stress out of trading.

I Learned 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.

This was a riskier trade with a stoploss placed at 1.3075 above the old high on the 4 hour chart, we were pre-empting a double top. It worked, entered short at 1.3060, the target was the red moving average at about 1.3015. Dan advised just taking 20 or 30 pips as this is just a retracement against the hourly upward trend. 

All out now and watching all the triggers for a new long entry now.

I Learned 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.

 We are being taught to build posistions if we see a good looking potential setup, for example if we like the look of the direction of the trend on the higher time frame and if for a long the support below us looks good we should enter a trade early with a smaller lot size but this ensures us a smaller stop loss if the trade goes our way, we can then add lots at retracements on the trade on the way up. On this eg we could enter at 1 with a stop below the blue hourly 50 moving average, we can then add to the trade at 2.

The cci indicators and the stocastics all signalled a good entry again.

I Learned 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.

Another trade that went to plan, all thanks to what I have learned at the www.fx500club.com

This trade setup was taken from the 60 minute chart, I could see that we had hit support and needed a retracement so I dropped down to the 15 minute chart and implemented everything I have learned in the fx500 club.