Forex Chart Patterns

Not so much using forex chart patterns today as using moving average crossovers and trading inside bar breakouts, but whatever you use you will be profitable if you follow the advice of the www.fx500club.com, live online trading school, costing just £97 per month for membership.

It’s a great place to learn to trade forex, the forex teacher / forex traders are a very friendly bunch of people and all the guys and girls trading in the club make it a fun place to spend your day whilst learning to trade forex and earning all those beautiful pips.

Dan “the man” Armitage did it again today in the www.fx500club.com, I had identified this potential setup using my new found system the DIBS, Daily Inside Bar System.  Dan confirmed my own analysis after I joined this mornings live forex trading room session at 6am gmt. Dan was using the fx500 clubs own trading setup strategies with the moving averages and cci indicators.

I have included thre charts to show this mornings setup, Dans 15 minute chart and the hourly chart, and also my own 60 minute chart with my personal DIBS indicators and chart settings.  The first chart shows Dans 15 minute  short entry was clearly taking advantage of all the resistance of the moving averages above, I took my entry from 1.6310 based on that being the low of the inside bar shown on the hourly chart, 2nd and 3rd charts here. My 1st profit target was the previous low about 1.6266 I closed half and then targeted an old low at 1.6210.

Fx500club 15 minute chart

fx500club hourly chart

My DIBS / Daily inside bar strategy chart

As mentioned earlier I shorted at the break below the low of the inside bar at 1.6310, my stoploss above the high at 1.6333, a very nice controlled trade. I love trading alongside Dan Armitage and the www.fx500club.com team. They are a very profitable forex trading room and I am a great beleiver in more heads are better than one.

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

Wow, I logged into the www.fx500club.com live online forex trading school at 6.10 am this morning and James Boord had posted possible setups already, class isn’t supposed to open until 6.30am. Anyway by the time I had read the announcements he had already entered the trade, we went short at 1.3970 with a first take profit target at the round number 1.3900.

Great call by James, there were plenty of other trades also today, short euro /jpy, short aud/usd, long usd/chf, in all I had banked 200 full pips from 4 trades by 8.00 am, moved my stops to break even and left the rest to run, free trades and a free day to go and play lol.

Trading is so much easier when done in a live online trading room, the www.fx500club.com share their charts so you can learn as you earn. All for just £97 a month as well.

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