Learn How to Trade the Pound against the Japanese Yen using the www.fx500club.com methods

Two possible entries here, the second safer than the first but with a larger stop loss.

Dan is teaching us to be more open minded and adventurous with our trading, rather than waiting for the safest setup with all the indicators etc aligned, go for breakouts and reversals off double tops etc, unfortunately the triggers will not always show clear entries with these opportunities.

For the later entry at 10.15 the setup was perfect, all the ma’s below us, we had broken the descending trendline, two golden crosses the thick red over the thick blue and also the thin pink over the thin pale blue, it just doesn’t get any better.

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.

Two possible long entries on this pound yen chart. The first at 00.45 was more risky but had a tighter stoploss place below the red hourly 20 moving average, the second was at 06.00 after the price had broken through the resistance of the moving averages and had come back to test the pink 15 min 20 ma. Th cci21, cci7 trigger and the candles changing from red to green signaled a long trade.

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 fx500 club and 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.

As you know I am learneing to improve my forex training at the www.fx500club.com and the www.fxmonkeyschool.com. Well our lesson today in long term trading covered alternative entry methods for long term trades.

This gbp/jpy trade off the 4hr chart was shown to us by Zak, the fxpimp. It was a short taken from the bounce off the double top and wr1, OMG what a trade, and it turns out quite a few of the more experienced traders in our school had quietly nailed this trade and were between 300 and 900 pips in profit.

Way to go and deffinately a setup i will be watching for in the future. Entry 140.71, 100 pip stop loss safe behind weekly resistance 1, 1st target 135.65, 500 pips away, nice risk reward, 5 to 1 ratio.

All the red crosses on the way down show possible short entries using resistance off of the pink daily pivot line.

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 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 fx500 club and 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.

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 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 fx500 club and 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.