Learn how to trade the USD / JPY using strategies from the www.fx500club.com

I’m not trading the australian dollar much at the moment so I thought I would post these two trades I took this morning. The trading strategy works the same for every currency pair and all the commodities and indices …enjoy.  Trading strategies for the usd jpy

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

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.

Zaks trade this afternoon, he liked this short off the daily pivot, I had already been watching for this myself so it was nice to get the confirmation from the www.fx500club.com forex instructors. I entered this at 96.65 with my stoploss at 96.74 above the daily pivot. As you cane see from the chart the cci63 and the cci 126 on this 5 minute chart was showing very overbought. Stocastics above 80 as well, worth a punt with a great risk reward. Like they say you need to be in it to win it, just make sure you always work out potential losses before potential profits and use stops to protect your capital.

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.

I am loving these bedtime trades. This uj trade was taken because everything on my charts shouted over bought, all the ccis wer massively overbought, and the stocastics wer waiting to fall as well.

I live and trade by these rule now, money management is king, you have to be in a trade to win a trade. Learn to love your losses.

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.

Another japanese yen trade taken primarily from the position of the stocastics, once the candle had closed red I was in with a tight stop loss above 101.40. The guys in the www.fx500club.com are teaching us to trade common sense, I think I had been over complicating things before finding them. Like they say, learn to love your losses, if you aren’t in a trade then how can you make money. We earn money by taking risks but remember, they must be controlled risks, we trade a plan, discipline and good money management will keep you profitable.

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.

The uj is a slow moving pair and as such I don’t trade it that often, it tends to be traded more during the USA and Asian trading sessions. However we use it as a very good indicator for how the pound, euro and dollar may move during the London trading session.

This trade was a breakout down through the ascending trendline and a bounce off of all the resistance above, the red hourly 20 moving average and the daily pivot. The risk reward wasn’t great but everything stacked up for a cheeky little trade. Banked 20 pips.

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 usd, japanese yen trade should have been taken earlier but I was fast asleep.  Any way as is often the case we can get a second bite when it has a natural retracement. The golden cross, red ma over blue had happened at 4am. My entry is indicated by the verticle yellow line, the candles changing from red to green being the trigger.

It is also worth noting we had broken the old downtrend on this 15 minute time frame with the recent higher high and higher low, just before entry.

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.

Shorted US Dollar against the japanese yen at 8am just as the london markets opened. It went on to drop 290 pips.

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 USD had weakened a little during the night,the price broke through the daily pivot during the Asian session. Once the price had broken through the blue moving average we needed a retracement before we could take a short entry. Any stops would need to be up above the red ma.  A good target would be the round number 97.00 it was a clear old resistance becomes new support level at 17.45 on the 25th.

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.