Gold is always on my watch list and all I had to do was wait for a good PASR (price action at support and resistance) to occur. The green SR lines were on my chart just waiting for a decent entry. What a beautiful looking chart. Look at the second image with candles removed and just the line chart and 4 moving averages. I am even considering just trading the line charts with no bars or candles.

line chart below

This mornings cheeky little trade was eur/gbp using the 15 minute chart for the trend entry. A quick 30 pips to first resistance.

The only live trade I am in now is a EUR/CAD long from 1.3780 stoploss 1.3765 target 1.440

Update closed half at 1.3410, moved stop to break even but it doesn’t look supported by buyers now.

The sun is out, dog walkies time.

Click here for a free weeks trial in Anders Larsens live Trading room

I also learned how to trade forex and would wholeheartedly recommend 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

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.

CLICK HERE To join my mailing list where I will be sharing my extensive result from trading with the fx500club and Zulutrade automated trading and other Expert Advisors automated trading systems

Click Here to get a FREE days entry into the fx500 club live trading room

2b reversal and 123 reversal trading instructions

Managed forex accounts with no fees  Zulutrade

I have now managed to find a few Zulutrader signal providers that are trading for me profitably, sign up for a demo account using my link above then contact me at info @ forex-experts.co.uk so that I can verify your email, I will then contact you with the traders details.

Strats free guide to Stress Free Trading the very best free place to learn to trade forex

Strat will teach you how to trade candlestick patterns at support and resistance, STEVE NISON also has some brilliant products that will help you become a protitable home day trader.

Click here to vist Steve Nisons website or

Click here to signup to his Free Newsletter Signup

Finally I have found a Zulutrade forex signal provider that makes consistent profits.

•  
• 5.5% – 12% profits per month (based on last years performance)
• that’s equal to 63% to 120% profit per year (compounded)
• Minimal drawdown (about 20 pips per trade)
• 95% winning trades
• only 1% risk to capital per trade
• trialed and tested for over 9 months
• Read on to see how you can benefit for FREE
• No commission fees or charges It’s totally Free!!

I have not done all this hard work for nothing though, in order to get the details of this zulutrade signals provider for FREE you will need to signup to zulutrade using my link here When you have signed up to zulutrade via my link please contact me by email at ” info @ forex-experts.co.uk ” supplying the email address details that you
used when joining zulutrade, I will need this to verify that you signed up using my zulutrade link.

Once you are verified I will send you details of this profitable zulutrade signal provider along with the settings I use in order to trade in the safest possible way.

signup to zulutrade using my link here then contact me giving me your details. I will then contact you to let you know who to trade with and what settings I use. info @ forex-experts.co.uk

Anyway before I post details of a fantastic place to learn how to trade the daily charts I will post this mornings bread and butter trade that pays my bills. A cable long trade for a quick  30 pips. It was just a breakout trade as shown on my chart below.

This was a very straight forward trade, you can see my descending trendline, the moving averages were all pretty close together acting as support below the price, the cci 21 and 63 were crossing from below zero to above, I entered long at 1.6396, my stoploss at 1.6377, I banked 75% at 30 pips profit and will leave the rest on .

Dan Armitage one of the forex mentors / teachers in the www.fx500club.com  had different ideas to me, same trade just a different and deffinately safer entry at the break of the old high at 1.6412. The theory was the same so I am pleased with my analysis.

Ok on to the fantastic daily trade that I found whilst doing my weekend forex trading research.  The link to the thread about how to learn how to trade the longer term timeframes like the daily and weekly is below, just in case you are bored with my ranblings.

http://www.forexfactory.com/showthread.php?t=155459

Strat, the guy that the thread belongs to is a truly amazing forex trader and proved his huge knowledge of the forex markets by taking multiple trades at once and he trades with big money, I cannot remember exactly how much but $100 a pip wouldn’t surprise me. So 100 pips is ten thousand dollars. I have copied and pasted his trades from his thread below. It takes real balls and incredible forex knowledge to take just one of those trades let alone all of them simultaneously.

STRATS TRADES

“AUDJPY entered long above 7/13 hammer/BUOB and cycle bottom
AUDUSD ditto
CHFJPY ditto
EURJPY ditto
NZDJPY ditto
NZDUSD ditto
USDJPY ditto
EURCAD short from 7/1 BEOB on Sunday bar and again below 7/13 BEOB and again below 7/14 bar (broke support)
GBPJPY entered long above BUOB on Sunday bar at cycle bottom and confluence with other JPY pairs
GBPUSD ditto
USDCAD short as per previous post”

I will show you my charts for the aud/jpy trade to explain his entry.

Strat trades many different styles and systems but in order to keep thing simple for novice traders his thread is about how he trades the daily charts using price action at support and resistance using candlestick and pricebar analysis along with moving averages. Strat describes how to use hammers, shooting stars (inverted hammers), and outside bars to signal his entries on the daily charts. There are two types of outside bars he uses, the bearish outside bar / candle ( beob ) and the bullish outside bar / candle (buob ).

The two moving averages that strat uses for his daily chart analysis are the daily 20 ema and the daily 50 sma, he also uses the weekly 20 and 50 moving averages (the daily 100 and 300). Strat refers to the daily charts as the WORKER and the weekly charts as the BOSS. Don’t quote me on any of these technical settings, go and read his thread YOURSELF.

Do yourself a favour and read, read and then re-read his thread, it will make you very wealthy.

Cable Update now over 100 pips in profit from this mornings trade, THANKYOU www.fx500club.com .

Back to Strats charts and his aud/jpy trade from a hammer candle which also happened to be a bullish outside bar (beob) on the daily chart.

As you can see from the daily aud/jpy chart above the verticle red line shows an inside bar on the 12th, an inside bar usually signifys uncertainty, the buyers and sellers are unsure which way to go. The next bar is a hammer, checkout my candlestick analysis videos at this link, http://www.forex-experts.co.uk/acatalog/Candlestick-Videos.html .

A hammer candlstick has a long tail or wick below a short body, this shows that the sellers tried to push the price down and got beaten by the buyers, a very bullish signal when at a strong support level, as you can see at this stage we had three daily bars that had tested the 71.00 level, a triple bottom another strong bullish signal. I dont know exactly where Strat took his long entry but anywhere after the colse of that daily hammer is good at about 72.98, the target would be the descending trendline at about 76.00 300 pips away.

Ok I am going to add my 2 pence worth and show how I should have taken this trade had I been watching the daily charts. It’s based on the 2b. It enables you to get a very tight entry with a very small stoploss, in this case 71.40 with a stoploss at 70.50.

The two red X’s are the most recent tests of the 71.00 level a double bottom , part of the triple bottom i refered to on the daily charts. The red horizontal line is the previous low which represents swing 1 of the 2b setup, the bar that this cuts through represents the trigger bar, once the price moves up and closes above the triggers high we can then enter a long trade.  The initial target for this 2b would be the high of swing 1 at about 73.00. The 2b is a brilliant price reversal pattern that give tight stops and good targets, brilliant for a profitable reward risk ratio, normally 3 or 4 to one.

Strat must have made 1000′s of pips from all those trades he took, that in it’s self is astounding, but what is even more astounding is that he took them all at the same time, true genius and thankyou Strat if you ever read this for taking the time to try to teach others how to trade the daily charts FOR FREE, NO PERSONAL GAIN WHATSOEVER.

I make my charts after every trade I take, I post some to this and other websites and blogs in order to help other learn to trade. It also helps me to improve my trading, so not totally selfless, lol. Onwards and upwards folks, we are here to beat the brokers.

Commission free managed forex accounts Click here to see how Zulutrade do it and take the free trial demo

Click here to join my newsletter and receive information of Zulutraders that I am trading real money with. I will also be providing other useful FREE help and info to aid your profitability and help us all beat the brokers. 

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 join my mailing list where I will be sharing my extensive result from trading with the fx500club and Zulutrade automated trading and other Expert Advisors automated trading systems

Click Here to get a FREE days entry into the fx500 club live trading room

I didn’t post yesterdays trades because the weather was too nice to be stuck in front of my trading station all day, however I had another great days trading using the www.fx500club.com trading strategies. Yesterday I took a few of the breakout trades that Dan armitage called in the fx500club Live Trading room and bagged some good pips by selling cable and gbp/jpy short. I also took a few 123 trades in euro/gbp and euro/usd.

Todays trades in the www.fx500club.com live online trading room were breakout trades, fast and very profitable, euro/jpy short and usd/jpy short. The chart below shows the eur/jpy trade for over 80 pips profit so far and it is not even 8 am yet. I love making money working just an hour or two a day in the comfort of my own home. The only downside is that the wife has me doing all sorts of jobs around the house all day.

Another bunched moving averages trade where the price was below all the moving averages and also the daily pivot using them as resistance above and clear air for the price to freefall below.

I had my eye on this trade before joining this mornings live session in the www.fx500club.com so it was nice to have my trade confirmed by Dan Armitage in the fx500 club Live Trading School Room. The cci 21 dropping below zero along with the white ma 4 crossing down through the 20 ma got me into this trade short at 129.93, all the other ccis representing the trend on the higher time frames were down so this was a high probability trade with the longer term trend. As I write this post it is at 128.75 and dropping like a stone. 125 pips from entry. JOB DONE!!

Have a look at the charts for some of the trades I took yesterday working with the www.fx500club.com live trading room. Euro pound was a similar setup to this mornings ej short.

Look below at the euro pound on the 15 minute chart, see how the cci5 retraced above zero before crossing below zero acting as the trigger for the short trade, notice that the cci 21 and 84 had also moved up towards the zero line before turning back down again. This was the PERFECT setup, the one to watch out for.

The chf/jpy trade was taken using slightly different rules to the two euro trades above. I was using the old resistance becomes new support rule along with the crossover of the moving averages to show me direction. The long entry was from 85.54 with my stop very tight below the old low at 85.40, the target 86.23 was an old high.

Finally a long trade in euro / usd from yesterday based on divergence on the cci21, see how the price made a lower low but the cci 21 made a higher low, this is called divergence and can be a very good trade setup. Target the previous high.

These are just a few examples of trades we are taught to take in the www.fx500club.com live online trading school. Every day now I see members posting how well they are doing by following Dan and the other forex teachers strategies in the live forex trading room. We are all benefitting from everything they teach us and for just £97 per month it is fantastic value.

Oh I forgot to mention there were probably another 150 or so pips available from trade signals that were sent out from the fx500club by email as well, I didn’t take them because I was out enjoying the sunshine.

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

The Live Currencey traders and live online currency tutors Dan Armitage, James Boord, Zak Lloyd and Hemal Pandya in the www.fx500club.com picked out a bunch of winning trades in todays London markets opening session.  I took a few but have just described my swissy trade below.

If you want to be a winner at trading forex then read on a little of take the free trail membership in the www.fx500club.com at just £97 a month for full membership it is fantastic value.

I had been studying the charts over the weekend and had a few currencey pairs earmarked to warch for this mornings London open. The overnight price action looked promising so I decided to take this Swissy trade. I don’t usually trade the 5 minute charts because the price action is generally a little erratic, however it’s a heatwave here and I like to make the best of the weather so short term trading is perfect for in and out trades and loads of sunbathing and swimming.

Once I had joined the mornings session in the www.fx500club.com live online trading room and trading school Dan Armitage confirmed my price action analysis with his morning rundown of the fx500clubs daily trade setups.

As you can see from my chart the price had broken through resistance at 1.0850 and the moved back down to test it, this price action is described as old resistance becomes new support.

I used the cci 21 crossing from below zero to above zero to enter the long trade at 1.0859 and put my stoploss at 1.0840, first target was an old high and just below the figure 1.0900, tp 1.0890.

There were other short term trades today , I took 35 pips shorting eur/gbp, and I have just closed half a long position on Cable for 32 pips so all in all todays price action was very profitable for me.

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