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

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.

Entered this guppy trade at 139.60 with a well protected stop loss behind the red moving average, above the 140.00 level at 140.30 and behind the resistance of the movingaverages above me. The cci21, 84, and 7 were all heading down nicely. My stocastics had crossed downwards as well, lovely trade.

Targets were previous lows to the left, levels of old support. Took partial profits at 138.65, let the rest run until 138.05, just before the natural support at the 138.00 level.