EURNZD Short STrobot trade 100 pips up.

Starting to day with the hourly chart on one of my live accounts you can see a drop of 100 pips on EURNZD, the FIB LINE 61.8% is our target (just above). STROBOT predicted the fall yesterday in fact and entered the trade @ 21:35 GMT yesterday evening, the pair bounced back up but kept within our stop and has now broken down. Target is a lovely 228 pips.

Here’s the 15 minute chart.

As you can see it’s a great entry and STROBOT has come out of the turn rather nicely.

UPDATE GOLD STAR TO STROBOT

 

STROBOT just TP’d this trade for 228.10 PIPS Awesome, the pair has now started to bounce back of of the 61.8% fib level.

http://www.strobot.rocks

SignalTrader Trading System – Trading 10 trades at once with SignalTrader.

How SignalTrader can manage your trades and allow you to trade more than you can manually.

Click Here for full details

Why I do not provide Signals.

You’d think a piece of software called SignalTrader Trading System would provide signals, it does but those signals are coupled with the way it manages the trades.

One of the common mistakes traders make is thinking that the only thing they have to worry about is the entry order on the trade and what price. However the markets continue to move. Reversal and congestion trading require being in the right place at the right time.

The parts of a trade:-

– Entry Price
– Risk (Stops)
– Targets

The problem is we think we should enter NOW, when it’s convenient to us, but even though we might have a great trade set up the market is not ready yet, so what do we do, we put on our order, it gets taken and stops out and then the market does in fact go the way  you planned, but you’re out, with a loss.

When you place an order the software manages the ORDER position in the market, for instance let’s say you short AUDJPY with an order, you put in st in the comments and set the market order somewhere below price, SignalTrader Trading System will move your entry price to a fixed area below the entrance and KEEP MOVING IT until it is in a good price and ready for the market to take the order, that deals with the entry.

Meanwhile the stops are also moved with price, thus minimising the losses should the market go against you.

Your TP stays at target, so either you will stop out – but because the stop moves with price that could be in profit, or you achieve target.

Thus – giving you a signal is a waste of time because SignalTrader manages those moves. Only a third of the trade is where you enter the rest is what happens when you are trading.

Providing Signals is, therefore, in my view not a good plan. It’s far better to teach a man to fish, than to give him a fish.

Click Here to find out about SignalTrader Forex Trading System.

SignalTrader new Website!

If you have been considering the SignalTrader Trading System then please check out the updated website at http://www.iwanttobeaforextrader.com

Did you know SignalTrader Trading system now manages your orders and keeps you out of trades you shouldn’t be in yet (except for whipsaws which we can’t help with!).

SignalTrader Trading System 5.6 update

 

Click Here to get your copy of the SignalTrader Trading System

Example Trade

Look at the Gold Line on top of the Silver Line, this is Signal Trader indicating a reversal, then, down we come target the next white line down. – Incidentally you could leave the trade on until the end of the white line underneath the pair showing a retracement is going to come soon.

Video

 

 

Click Here to get your copy of the SignalTrader Trading System

 

 

Why you should trade with the WEEKLY trend (even if you are day trading)

Signal Trader Trading System video.

Why you should trade the WEEKLY trend even if you are trading daily, hourly or 15 minute charts.

http://www.iwanttobeaforextrader.com