Forex Trading Signals EUR/USD

Here is the latest trade. This short trade was made on the weekly time frame on the EURUSD chart. As you can see we closed the trade on day 3 for a gain of 173 pips. Under Loz’s 20 pips per day recommended targets, this technically gives me eight trading days off You can learn more about Forex Signal Mentor itself by clicking this link.

EURUSD Forex Trading Signal

The signal used came directly from Strategy video 13 in the Forex Signal Mentor video series. Given that this was on one of the higher time frames the potential move was considerable. However this is only a trade to enter if you have a suitable balance. The reason being is that the potential for large pip moves in a direction against the trade could be expected over a period of a few days until the trade entered profit. So a 100 pip move against a $1,000 balance would be 10% and much too spicy for our money management plan.

Fortunately this trade was very quickly in profit and soon was up by over 60 pips. At this point I moved the stop loss so that the least amount the trade could yield was 20 pips. This done I sat back and relaxed. There is nothing like a long-term trade being zero risk so quick off the bat.

Over the next day the trade got more into profit, eventually topping out at around 220 pips. The bad news for the USD that came out today (21st January) caused the EUR to strengthen and so I closed the trade to take the profit at that point.

Another profitable trading day using only Forex Signal Mentor strategies.

You can learn more about Forex Signal Mentor itself by clicking this link.