I took 5 Pips on yesterdays trade on the breakout and back this morning for more on gbp/usd (Cable)! Got in and out twice for a total of 32 pips, did have 40 in total at one point and should have actually taken 50!
(Fig:1)
First entry was slightly earlier than normal due to the candle retraction at 6.30. It tried to go long then retracted which gave me the clearest indication of a sell signal.
The signs looked good with macd and histogram but I was cautious about the 00 level. Cable went short as expected and broke through 400 level. It didn't like that and retracted quickly so I got out at 16398 for 17 pips (Not 7 as written on charts...It is still early!)
Second entry was then based on a clear break of the 400 level. Got in again at 16386 and exited with 16 pips at 16371.
The new advanced traders joined the skype trading group on Monday. Lots of questions and many watching first. The training has improved and you can tell this group have benefited from lessons learnt from teaching so many. Its now up to around 40 people with great support for trading.
We now teach the whole day adding in psychology and money management at the end. Everyone gets a computer and can practice the strategy's as much as they want.
Lavina who bought the home study course has had a few more challenges because its not as easy to learn without someone showing you. She has asked the most questions of the group as she puts into practice what was on the home study to actual live trading.
I believe she has traded before and she gained her first points on oil and ftse this morning. All the new traders have been added to the trading wiki support which has myself, Neville and Adrian's trading plans. It also has additional information on the strategies we use based on our experience.
If you would like to trade or thinking about it, click on the free consultation on the video in the top right hand corner!
(Fig:2 ftse)
(Fig:2 ftse)
Ftse yielded a nice 20 pips this morning!
Successful trading!
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