"Forex trades of 03/12/08 +240 pips of profit !"

Learn how I took my forex trades of 03/12/08.

Trade #1

Step #1: My forex indicators show me the signal

What do you see ?

- MAE 14 > 42 ===> The Big Trend is Up, wait a Long signal

- RSI > 50 ===> The market stays Up

- 85 < William's %R < 100

Are you agree with that ?



It is easy to find Low and High in this case, isn't it ?

Now I can put my fibonacci retracements.

If you want more details about Low and High, you have to become a member of my free newsletter.

Results: +38 pips of profits.

Step #1: Use the forex indicators



Like you know

- MAE 14 < MAE 42 ===> The Big Trend is Down - RSI < 50 ===> The forex market stays to be down

- 0 < William's %R < 15 ===> Prices is overbought

All these elements show a short signal.



To put my forex fibonacci retracements, I find the best Low and High.



I decide to go out of my position with a divergence. It's easy to find a divergence but wait the close0 Don't anticipate !

Forex results: +46 pips on this trade.

"Now, discover why I love so much currency trading !"

I don't know if my forex day trading system is the best, but I love it. After my two positives trades, I decide to take a little risk.

Step #1: My indicators make a great job !



I earnt 84 pips of profit before, so I am relax. The forex market shows me:

- MAE 14 < MAE 42 ===> The Big Trend is Down

- RSI < 50

- 0 < William's %R < 15

Then, I wait a Short signal.

Step #2: Low and High



In this case, it is logical to put my High at this place, isn't it ? If you are a member of my newsletter you know what I talk about.

After I found Low and High, I put fibonacci retracements and wait.

Step #3: Give me the money (entry, stop loss and exit)



For this trade, I decide to take a little risk. I want to go out with a divergence after prices touch -38,2 % fibonacci level.

Forex market showed me a zone "must go out" but I follow my first idea. In this case, it is esay to panic that's why if you are a beginner, go out when the market tell you to do it.

Total of my forex trades = 38 + 46 + 156 = +240 pips !!!

If you have any questions about my forex trades or another topic, send me a message, please.

May be you don't like my forex trading strategies because is too boring for you. So try a forex scalping strategy.