Free Forex Signals

The www.fx500club.com forex signals service send out free daily forex signals and setups on their forex blog the www.fx500clubblog.com website personally I prefer to be a member of their live online forex school. The monthly subscription is just £97 and we get free live forex signals in every trading session along with free forex signals sent out via email.

It was a very difficult morning this morning with no clear direction in the currency pairs we normally trade in the www.fx500club.com Live Trading Room Online.

I searched all my charts on the 5  minute timeframe and could only find one possible setup using my bunched moving averages strategy. It was the euro gbp currency pair, the setup was for a possible long trade on the 5 min chart , it didn’t look quite right but I took it anyway because the stoploss was so tiny, just 5 pips away, I closed 75% for a 10 pip profit, the rest got stopped out, but overall a small profit, the risk was worth it.

As mentioned yesterday euro gbp often goes the opposite way to cable so I was well aware that if eur/gbp turned and went south then usd/gbp may well go north. That was where  I bagged most of my pips this morning.

Dan Armitages daily forex roundup in todays www.fx500club.com live trading room said we would need to be patient, with a possible short entry from a breakout trade on cable through the old low of 1.6059 as I was already in eur/gbp long and was half expecting it to turn and go south I didn’t take the cable breakout short.  Instead I waited to see what euro gbp did and then took cable long when it showed signs of hitting support and reversing to go long.

The red X marks the low that Dan in the www.fx500club.com Live Trading Room had said we could trade the breakout through with a tight 10 pip stoploss.  As you can see from the upwards facing red arrow it broke down through 1.6059 then hit suport at 1.6044 I took a chance and went long at 1.6055 with a tiny stop below 1.6044 aiming for 1.6110, it worked.

Dan Armitage and the www.fx500club.com promote high probability forex trading with as little risk to your capital as possible, this was not a trade he called in the fx500 live trading room but with the excellent trading skills of all the forex teachers in the fx 500 live trading room I am certain one of them will have taken this low risk trade 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

Why bother with free forex signals when the professional forex trader teachers in the www.fx500club.com live online forex trading school, show you how to spot your own trading opportunities, they also call live trade setups in the room and also send forex signals to your email or mobile phone, the best of all worlds.

Today is Wednesday July 1st 2009 and I am still holding this trade I took yesterday evening, in fact I have added to the trade after taking some profits and then letting it retrace.

Yesterday morning was a slow start with no clear setups but once the US markets opened the direction became clearer, I took USD / CAD long and usd/ jpy long, both very clear setups using the 15 minute charts , both worth over 100 pips each. Both taken using the www.fx500club.com live online trading school system / strategy.

Put simply the www.fx500club.com strategy is to use moving averages pivot points and price action to identify levels of support and resistance, we then use cci indicators and also price action on the lower time frames to get very precise entry points. Profit target are also determined by previous levels of support and resistance, old highs, pivots, round numbers etc.

My entry for the e/j trade shown in the chart above was 135.17 putting my stoploss below the daily pivot at 134.85,  my first target being the previous high 135.73, I took the trade before the setup was 100 % perfect but the euro was looking strong against the other currencies and the stop was quite small, it represented a good reward risk ratio. When I woke up this morning I had hit my first target so closed half the trade anticipating a retracement, I got it and added back on at 135.60, if all goes well I will keep doing this, taking profits at the highs and adding to the trade on the dips.

The perfect setup came at just after midnight. I have saved the 5 minute chart below to show you the correct entry, notice that all the moving averages are below the price, along with the monthly and daily pivots, they are all acting as support under the price with clear space above, nothing to stop the price going up, lovely.

I am so glad I found Dan Armitage and his live online trading school, the www.fx500club.com, he along with James Boord, Zak Lloyd and Hemal Pandya have transformed my profits from trading forex, the live trading room is also a great place to spend your time whilst waiting for good trading setups, the men and women in the group are becoming great friends, they are from all nationalities and all ages so there is never a dull moment. Who said earning money trading forex wouldn’t be fun.

The best thing is the price of membership to the www.fx500club.com, at just £97 per month you can make that back 10 fold in just one trade.

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

You won’t need any free forex signals if you join the www.fx500club.com or www.fxmonkeyschool.com because the guys teach you how to take trades yourself in their live online forex trading school. Dan James and Zak are amazing currency traders and brilliant teachers. Membership to the fx500club only costs £97 per month so before long you will be making that in 1 trade and the rest of the month is free.

This trade I took today was a beauty, James Boord was hosting the trading school today and he had pointed out a good few opportunities to trade so we were just waiting for the setups to come to us. 

This usd/chf swissy short trade was my pick of the bunch, I had been long aud/usd all morning so had already banked 40 pips and saw the USD as being the weaker currency today. I entered this swissy short at 1.0846 trading the break below the daily pivot, I was aiming to take some profit at the monthly pivot  at 1.0811 then let the rest run on.

As you can see we use the cci indicators to help us get our entries, I also like to use the stocastics as well.

Nice trade to finish a brilliant week in the www.fx500club.com live trading room.

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