Trading In Black And White Forex Trading Newsletter – 5/25/06

By: Eddie Yakubovich
Submitted: 2007-01-17 16:15:11
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We had another great night of trading last night. After sitting out 2 nights ago, we found a safe entry level at 1.8830 and went short. We were almost stopped out (1.8870), but, thankfully, that didn’t happen.

Within a few hours of reaching the high Cable fell hard and turned our trading day into a big winner. We closed our first trade taking 80 pips profit, and the second trade taking a 160 pip profit.

This now gives us a 160 pip week. Remember, our goal for each week is 100 pips. So as of right now we have achieved our goal.

In the “Trading In Black And White Forex Trading Course” we lay out a very simple money management system. Taking a $5,000 account - using this system and making an average of 100 pips per week for one full year (or 50 trading weeks) your account would be worth around $700,000.

Believe us; we know exactly how ridiculous this sounds. But hey, how many people can boast about the kind of results that you have seen us have.

This month we have made OVER 1000 pips and there are still 5 trading days left. Our goal of 400 pips per month is well in hand. This month, we are averaging over 50 pips per day. And, needless to say, our estimate of $700,000 goes up exponentially with an average of 50 pips per day instead of 20 pips per day.

Do you see the amazing potential in the Forex market? If you want to enjoy the type of results that we have experienced, you must get a top notch Forex trading education. And, there is no better place to get it than the “Trading In Black And White Forex Trading Course”.

Ok, so let’s talk about tonight’s trading.

We are going to continue to only play the short side of the market.

After conversing with our traders we have found a few levels that may play an important role in tonight’s trading.

1.8750, 1.8790, 1.8810. These are the resistance levels that our traders are watching for potential short trades.

Make sure you look for good price action, or whatever indicators you watch for, before entering into your trades. That’s pretty much all we have to say about the market for tonight.

We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful Forex Trading style with our Elite Forex Trading Course or Forex Seminar.

Eddie’s Trading Tools:
Forex Seminar | Forex Trading Course | Forex Trading Education

Article source: Expert Articles

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