Need Some Help?
This is the type of situation that I faced on a daily basis, looking at
a chart & not having an idea what to do. Should I buy, should I
sell, maybe just stay out of the market?
You want to trade, you want to make this work. So you place
your trade, based on a hunch, some or other candle formation,
Stochastics, a MACD signal, Elliott Waves or something you heard on the
news. Maybe you have an automated system that entered a trade for
you.
Whatever you used to make that trading decision, you really have no
clue if it was a good spot to place a trade or not. So you sit
there, staring at the screen, trying to will the market in your
direction.
There's
no
way
you
can
keep
on
trading
like
that.
What you
need is to add some structure to the market, some way of
telling where you are.
You
need
to
be
ahead
of
the
market,
know
what your plan is before the
market moves.
What you need is something like this:
Support & Resistance
To Trade or Not to Trade
If you have a vertical arrow, the idea is to use the signal to assist you in potentially placing a trade above the upward arrow & below a downward pointing arrow. Stops are indicated by sideway yellow arrows.
Exit when the market closes below the center line, when the next Support / Resistance line is met, or when the Blue and Orange trend lines reverse, depending on your trading style.
Here's some more examples. You will see how well it works not just for the EURO, but also for the GBP, CHF & AUD too! These are some of the best recent examples of big moves in the market. Be aware that these examples are not representative of everyday potential profits, please look at the links further down to get a better overview of more common daily signals & to familiarise yourself with how these tools can help you.
What makes the EasyForexHelp way of trading so great, compared to robots or other 'black box' types of trading, is that you can see why you are entering a trade. It's not just a buy or sell arrow leaving you with no idea as to why you are entering the trade.
Take a look at some more examples below & even more at the bottom of the page that will give you a lot of snap-shots to study. Take the time to familiarise yourself with the risks & rewards involved and determine your own comfort level with this trading method.
And some more...
And more...
What about something more recent? Here's a Euro trade signal from December.
The Australian Dollar...
Japanese Yen...
See more GBPUSD examples here
See more EURUSD examples here
We also frequently post updates to Twitter, so you'll see that the signals work anytime of the year & in all types of trading conditions.
http://twitter.com/easyforexhelp
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