Two short trade entries here, the first clearly marked out by the vertical line was the riskier bounce down off the hourly descending trendline and the blue moving average, the cci7 trigger was crossing zero and the stocastics also looked good for a short trade.
The second trade entry marked “1″ was the safer entry, it was a classic 123 the price had clearly broken down through all the moving averages and also the daily pivot, it then retraced to test the red ma, enter when the candles change from green to red, stop loss behind the red moving average.
I Learned how to trade these setups and indicators across all time frames with the help of the professional forex trading 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 are a group of professional forex traders that also have a school for learning how to trade longer term charts at www.fxmonkeyschool.com.
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