Lovely trade today in the trading room netting us a nice 75 pips . January has been kind of a tricky month what with all the eur news flying about. Today though we had pretty much a perfect setup for our trading method which we use here. Confirmation was provided by a bullish hammer.
During the course of what I do here I look at lots of charts from clients . Mostly I’m looking at them to help a trader understand why they are losing money consistently, trading the forex market. So I ask them , why do you have RSI on the chart, what is it telling you […]
Took another long trade using our successful trading method in the trading room today with a small stop of around 20 pips. Trade moved up and down for a short while then we had some US news which sent it down slightly. Price then carried on into its predicted new uptrend when the news was […]
Took a long trade off a bullish gartley pattern within the supporting area with a small stop. Trade moved away from us for a while and then returned to entry just before USD news which took us up nicely to + 20 pips where 1/2 of the trade position was closed with stop moved to […]
Our successful candlestick signals and data analysis now have Support , Resistance and Pivot Alerts. When a pattern is detected a check mark is also presnt to tell you if we are in range of significant support or resistance. This and other methods are used everyday in our live trading room.
Monday opened with the pair gaping back up 40 odd pips then during the morning it returned back to our entry where our entry appeared to be acting as support. Eventually we did get the break down and stop loss was moved and 1/2 trade closed at + 20 pips. We got some more moves […]
Our usdchf trade in the members trading room closed by stop loss on 2nd half of trade at break even. Total for trade +25 pips