All good things come to those who wait…..

Morning Folks,

I wanted to show everyone that is following us on our blogs, twitter etc that trading can be profitable for those of us who have dedicated time and effort into getting this right. Trading the Forex Market takes discipline, dedication,money management and a whole lot of patience. Get all of these right and you are definitely going to be on the winning side most days of the week.

I don’t post my statements in fact I don’t think i have since Serene Education went ‘live’. Here is a snippet of what I have been able to achieve using tried and tested Forex Strategies taught by Serene Education.

Tradng Statement

I am  not posting this to brag as those who know me know that I am very reserved in my trading but I also believing in “Seeing is believing”  Many traders talk about how many pips that they have made on a minute, a day, week or month, but can they actually back  up their results??  I know a lot of our Students have made substantial ground in their trading since attending our courses and using our strategies and want you to know that the opportunity is there for you to take, you just have to make that decision to take it.

Join us on one of our courses and start making the second income, or completely replacing that income.  Email  www.customerservices@sereneeducation.co.uk for further information.  We are here to help!

PS – Don’t foreget to follow us on Twitter folks. We post up to the minute trade setups and Forex Market related News. Join us !!!

serene_4xchick, SereneEducation, Edutrader_01, citytrader618, TradingBabe

RSI – Overbought setup on 5 Day Chart – GBPUSD

Hi Folks,

Just wanted to bring to your attention how one could use the RSI to get a better indication of when we are LIKELY/PROBABILITY of seeing a change in market sentiment prior to the PRICE movement taking place.

This can be very beneficial when trying to decipher when it is a good time to either get into a position or when to get out of one. Have a look at the chart posted below on GBPUSD on a 5 Day Chart. Now you could use this on any time frame. Don’t have to only use it on Longer time frames BUT I find it a lot better to use it this way to give me an outlook of what is likely to occur over the next couple of days/weeks….

Notice how before we saw GBPUSD rally in the early part of this year ( number 1 on chart )  how the RSI was giving is a sign that it was going from an OVERSOLD situation to a favorable BUY signal while the PAIR was still in a down turn (Divergence signal).We could then say that we could have put in an order to GO LONG when price closed above the squeeze pattern(no 2) formation around March of this year (Marked in yellow on chart).

The same scenario is occurring now. Notice how we have gone into an OVER BOUGHT situation ( no 3 on chart ). Price has closed above the 200 ema line. We have seen the price fail to go higher than 1.70 in the past couple of weeks. RSI in the meantime in this consolidation has dropped below the 70% line – Convergence signal !!With the PAIR breaking through the 200 ema for the 1st time since Jan 2008…. we could very well see a re tracement taking place to around the 1.60 mark.So, could we see this PAIR trade lower over the course of the next couple of days to a figure of around 1.60 with a potential for more upside after this ???!!

RSI - How to use it to find Convergence & Divergence

Hope this has helped you out in any way. Please ensure that you do your ‘homework’ before placing any trades. It is vital that you have a check list handy and that you follow it !!!

Also be aware that Serene Education has a FREE 5 DAY MINI TRADING COURSE for those of you who would like an introduction into trading….

Until next time !!! Trade Serenely

Cable Set-up

 

GBPUSD 5 min chart

Morning Everyone,

Just taken a short on cable, price broke below the Daily Pivot with momentum, MACD below the line.

Please note, this is a big news day PPI coming out at 9.30am GMT.

Also, please do your own analysis.

Regards,

TB

EURUSD Set-up continued

Hi Everyone,

The EURUSD trade I posted is running out of steam / momentum – if you are in this trade – I’d close out at Break Even.

Cheers,

TB

GBP/USD could do a 50% fib retracement on 30min chart

 

GBP/USD could do a 50% fib retracement

Well good evening trader’s.

Here is another set up that might take place.

GBP/USD has taken a hard knock today, but hey cant complain as its been a realy nice 2weeks.

Anyway  I feel that Cable might just try to take some of the money back of the table.

So keep a eye on her.

You can Follow me on Twitter

Check out our website for some cool things Serene Education

If you would like trade with me for 2days at my house and learn 4stratergies that I use, then check out what to do next go to Live With A Trader

P.S remember always let the market tell you what she is doing.

Cable – bounced off R1 and down it went

Hi Everyone,

The other great trade was Cable, saw it bounce off the R1 level, and price made a lower high - waited for the price to take out the momentum low, went in at 1.696619 and placed my stop 35.8 pips away (above the momentum high and the R1 level).

Target was the Pivot Point at 1.6491 – 135 pips away.

Good luck trading.

TB

Aussie just went down, down, down…..

Hi Everyone,

For thise of you who follow me on twiiter – Icalled out some great trades today. I’ll be blogging two of them – because they are classics. I traded these in the morning as there was Non-farm payroll out in the US at 13.15 (GMT time), I wanted to make sure I was out of the trades before the data release.

I noticed that the AUDUSD kept testing the R1 level – but just didn’t seem to push through and on the third attempt it made an inverted hammer. Took my trade with an entry at 0.82434, placing my stop 21 pips away (just above the momentum high and the R1 level).

My target was the Pivot Point – that was 87.4 pips away.

Cheers,

TB