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 Register for Weekly Webinar Overview of Learning to Trade with us How we Operate Why we are Different Trading Room Training Seminars/Workshops We have a Step by Step FREE COURSE that will get you started on the road to Day Trading the Forex Market. You can get started NOW, HERE....... |
Forex trade set-upsFollowing
are set-ups that occur on every time-frame and every currency pair with
regularity. These Forex Trade Set-Ups are only posted if they were
actually traded. They are NOT, "you could have done..." They are
easy to spot in real-time with the aid of just a couple of indicators
and some example patterns. The money management and risk rules remain
the same on every trade and there are no such trades as "lucky"
ones.......
Of course no trader wins all the time and losing trade set-ups are also included as they occur. Friday 20th August Eur/Usd 5 Min chart  A signal was given when the price broke
a support level but gave an entry too close to the next level - so wait!2 bars later a 2nd signal bar that had a low at the support level appeared and gave an entry below support. Initial target of 1:1 R/R was easily acheived and the stop moved to b/e. Sideways action ensued for 40 mins before continuing to the 2 nd profit target Monday 16th August Eur/Jpy 5Min chart  Two very technical set-ups within 30 minutes or so. No need for indicators - just support and resistance and price patterns. The first was a nice sideways conjestion at previous support so a simple short trade on a break-out of that level. The 1st target was made and the stoploss moved to B/e which was later hit as the price retraced just beyond the S/R level. Another sideways channel emerged for 3 bars again at previous S/R so again a simple sell which this time hit both profit targets at 1:1 and 2:1 Risk/Reward Tuesday 3rd August Eur/Usd  A
Short signal bar occurred that had a low at a previous level of support
and therefore offered a great short entry opportunity - especially when
combined with the previous bars rejection of higher prices.The initial target represented a 1:1 risk reward but failed to acheive that by just a couple of pips and then produced a bottom pinbar reversal so the whole trade was exited at the close for a profit of 2 pips. Monday 26th July Gbp/Usd  After
a very tricky day with "promise" of an upmove it never happend. We then
saw a decent down bar that then encompassed the next 2 bars. Now looking to go short with a break of the low of the bar. Thursday 22nd July EurUsd  A
lengthy period of "sideways" action prevailed overnight until
price tested the previous support with a "pin bar" reversal. This
suggests there's no interest in going lower. Prices then, as expected
move up to and straight through the day high and possible resistance. No entry signal until the next bar stalls at exactly yesterdays support level, then has an inside bar. This is the enry for a long trade making over 30 pips for a 18 pips risk. Thursday 15th July GbpUsd 15 Min  The slow moving range-bound price action showed there to be a ceiling that price couldn't break through. When price eventually can break strong resistance as here then it usually leads to at least enough price movement to get a profit on half the trade. On this occasion the remainder of the trade was exited when price got to a level not seen for about 9 weeks. Tuesday 13th July GbpUsd 5 min  Tuesday 13th July 2010 EurUsd 15 min  The
moving average provided resistance to to top of the congested area and
the previous low provided support until finally there was a reversal
bar (one of the 3 in the course) signalled it was time to place an
order to sell.A better-than-average trade admittedly but not difficult to spot. Mon 12th July GbpUsd 5 min  A
long trade signalled by a set-up as described in the course,
failed to reach its target of 24 pips so the trade was closed at
a 7 pip profit after a reversal signal. |
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These
5 Topics below are the foundation of what we teach and explains how
professionl traders have an edge over you.
REQUIRED
DISCLAIMER
The risk of financial loss in trading currency can be substantial. You should, therefore, carefully consider whether such trading is suitable for you in light of your financial position. Do not use any money for currency trading which you cannot afford to loose. The high degree of leverage used in currency trading can work against you as well as for you and therefore can result in very large losses as well as gains. FOREX trading may not be suitable for you. If you have any doubts you should contact an Independent Financial Advisor. In particular some activities mentioned may not be regulated under the Financial Services Act 1986 or at all and the protection provided to you under this Act will not apply. Although the information provided to you on this site is obtained or compiled from sources we believe to be reliable, we can not and do not guarantee the accuracy, validity, timeliness, or completeness of any information or data made available for any particular purpose. The information in this site is provided "as is" and we do not guarantee the accuracy of the materials provided herein for any particular purpose and expressly disclaim any warranty or fitness for a particular purpose. We will not be responsible for any loss or damage, financial or otherwise, that could result from any information made available to you via this site. No information or opinion contained in this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or service |
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