3
Jul
Posted in Uncategorized by admin |
I don’t trade the usd/chf that much at the moment so I thought I would show you a couple of other trades I took using the forex trading strategies I am learning in the www.fx500club.com live online forex trading school. The strategy works the same for any forex currency pair, commodity or index.
One thing I have learned about trading is that you NEVER STOP LEARNING. I hate sitting around wasting time looking at charts all day, it’s also not so good for your profitability because if you have to search for trades then mistakes get made, best to get in and out quick, have a plan and trade that plan. Dan Armitage teaches us this in the www.fx500club.com Online Trading School.
So what have I learned that’s new? Well for me it has become more obvious that the Frankfurt Financial Market boys get in a little earlier than the London Financial Markets open and it seems the Frankfurt boys move the markets one way only to be reversed by the London Traders. I am seeing this more and more often. So today I had a little go at trading purely technical setups using the bunched moving averages strategy ( the fx500club, 123 setup ) . Have a look at the GBP JPY trade I took this morning before the London markets opened.

I am liking these setups alot because they are generally very quick, taken off the 5 minute charts, the stop losses generally very small and the profit targets good eneough to make the reward risk very acceptable, more often that not 2 or 3 to 1, risk 15 pips to make 30 or 40. These type of trades happen fast so if they go against you you are generally out within a few candles.
This is just a variation on many of the trading strategies taught to us in the www.fx500club.com and www.fxmonkeyschool.com.
So for todays trade the first thing I wait for is the 5 minute 20 ema to cross the 5 minute 50 sma (the pale blue arrow is an alert I have setup), then I wait for the moving averages to become bunched up / close together. I then wait for the price to break through all the moving averages and begin to use them as support. Then it is just a question of using the cci indicators to get the best entry.
I entered the trade long at 157.17, my stoploss at 157.00 the previous low and old resistance became new support, my target was an old high 157.61, gj always moves quite aggressively so I try to lock in half profit at 20 or so pips and let the rest run to target.
The chart below shows how the price reversed once the London markets opened. Notice the pink downwards arrow is alerting me to the 20 ema ( exponential moving average ) crossing the 50 sma ( simple moving average ) Normally a good sign to take a short trade once the mas all bunch up again but not today as we have the weekley pivot ( wp) , directly below us.

This is just another way of trading old resistance becomes new support or vice versa for short trades, but using the moving averages as added confirmation of the price action.
See also my chart below, see how similar the AUD/JPY trade setup was this morning, I took this from my alert as well. There were alot more setups like this this morning and they all would have made nice safe profits and all before 7.30 am, not a bad days work, in at 6am finished by 7.30.
Please note I apply alot of other strategies before taking these trades, long term trend direction, fibonacci levels and market correllation, all trading techniques I am learning in the live online trading school with the www.fx500club.com

Just £97 a month gets you into the www.fx500cub.com daily live online trading school where Dan Armitage, James Boord, Zak Lloyd and Hemal Pandya will teach you how to trade forex using setups like I have described above.
Click Here to get a FREE days entry into the fx500 club live trading room
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
26
May
Posted in Uncategorized by admin |
Amazing, I only found this place yesterday, the concept is truly amazing.
This is how it works. The website has hundreds of professional forex traders as participating members, these traders all have their profiles and trading methods along with their results for you to view and decide who you would like to trade for you.
The traders and the website make money by sharing the forex brokers spread on any trades they make on behalf of the websites members, this means NO CHARGES FOR YOU!
I have posted the websites frequently asked questions so that you can see exactly how it works. Or checkout the website here.
24
Apr
Posted in Uncategorized by admin |

What a beauty, the guys at the fx500club are obviously teaching me well because I had the balls to take this usd chf trade short again off that 4 hour channel. Like they say in the club work out your risk reward before entering any trades, good money management is key to becoming a successful profitable forex day trader. Thanks Dan, James and zak of the fx 500 club and fx monkey school.
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.
17
Apr
Posted in Uncategorized by admin |
I’m happy, I just banked the final part of that swissy trade from the 14th, it hardly even retraced and just blasted it’s way through the red daily 20 ma the blue daily 50 the monthly and weekly pivots. WOW.
It looks like I was right and it will go to 1.1700 (wr1 – weekly resistance 1 ) if it does I think it may just spike up to take all those buy orders out at that level, and then I’ll have a bash at shorting it with a tight stop loss above 1.1760.

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.
14
Apr
Posted in Uncategorized by admin |

This is a similar trade to the one posted on April 7th, a bounce off the same ascending 4 hourly trendline, a nice tight stop loss below the figure 1.1300 if we can break throught the 80 ma and the 61.8 fibonacci retracement area then this could use 1.1500 and those levels as support and continue on up to 1.1700 and beyond. We will see.
7
Apr
Posted in Uncategorized by admin |

This was a trade off the ascending trendline on the 4 hourly chart, as you can see the stocastics on the hourly chart were below 20 and rising, I entered on the cci 5 trigger crossing up over zero. This trade went on up to 11620 from 11266, a potential 350 pips profit if I had let it run.
17
Mar
Posted in Uncategorized by admin |

Two short entries on this Swissy trade , the first marked 1 was based on the cci21 dropping below the zero level and the 85 dropping, the second was a break of the red moving average, then the retracement back, entry was from the trigger cci7 crossing below zero.
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.
10
Mar
Posted in Uncategorized by admin |


Today was a tricky morning to be trading the markets, no clear direction. I often find it easier to look for retracements on hourly swings to grab a few cheeky pips. Swissy looked good for a retracement on the hourly chart away from the 1.1500 level, so I dropped down to the 15 minute chart and waited for the cci7 trigger to cross up over zero. Retracements generally go back 50% so i aimed for 38.2 the fib level at about 1.553. I entered at 1.1510, grabbed 30 pips, it topped out at 1.1588 a potential 78 pips.
I have added the fibonaccis levels I used to predict the retracement below.

As mentioned above this was a retracement on the 60 min that I expected this swissy to go back 50%, look what happened when it hit that level. I forgot to take it, to busy writing this post 130 pips in minutes. 70 pips up 130 down, a nice 200 pips . I am really liking finding direction from the 60 chart, far better than trying to trade the 15 minute chart

6
Mar
Posted in Uncategorized by admin |

This united states dollar vs swiss franc trade was taken from the weekly resistance, and also based on the stocastics crossing down from above 80. Entered at 1.1760 stoploss at 1.1820 take partial profits at previous lows. Long term target was the number 1.1500.
Look at how the ascending trendline got broken and then became resistance. Old support becomes new resistance, SBR, watch for that it happens alot, also watch for the opposite, old resistance becomes new support, RBS.
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.