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Daily Forex Signal

Mon, Jun 8 2009, 14:15 GMT
by Jordan Lindsey

JCL Capital


Forex Trading System, Signals and Trading

Forex Course teaches how to trade Forex by learning how to see when the charts are generating buy or sell signals from the Forex trading system.
Hello all,

On the H4 all 5 entries stopped out for 1.67% loss. This is the time to be tough and roll with the punches and keep going. We have re-entries approaching on all 5 pairs on the 4 hour. ATR's all current below for the new trades.

4 Hour:

12:00 GMT: Drop In  re-entries

GBP/USD buy re-entry Drop In criteria (atr = 204 )
USD/CAD sell re-entry Drop In criteria (atr = 159)
USD/CHF sell re-entry Drop In criteria (atr = 117)
EUR/USD buy re-entry Drop In criteria (atr = 161)
AUD/USD buy re-entry Drop In criteria (atr = 143)


Looking at the GBP/USD we see we are buying into a falling market, is that a problem?

GBP/USD Chart

Let's take a look at the chart and at how the Conquer trading system works to exploit trends. The trend (true trend) is up (positive) and price (stoch) has pulled back to oversold areas (below the 30 level) giving us a price pullback in a up trend. Our entry is the 1st sign price is resuming back toward the trend (making a higher high than the previous price bar.

We are buying price pullbacks into up trends.


Published on  Mon, Jun 8 2009, 14:16 GMT


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JCL Capital Inc.  | 26-62 30th St. Astoria, NY 11102
http://www.jclcapital.com | jordan@jclcapital.com

Legal disclaimer and risk disclosure

Forex trading has large potential rewards, but also large potential RISKS. You should be aware of the risks and be willing to accept them in order to invest in the currency market. Don't trade with money you can not afford to lose. Past performance is not indicative of any future results. Please read this carefully before you access this site or use any information contained herein. Jordan Lindsey and JCL'S FX Trade Signals. may, at any time, modify those terms&conditions and therefore, it's your sole responsibility to check any changes of same, each time you access this site. Disclaimer: Please note that no representations and/or guarantees are made by Jordan Lindsey and JCL'S FX Trade Signals with regard to the accuracy of the signals provided above. Jordan Lindsey and JCL'S FX Trade Signals accepts no responsibility or liability whatsoever for any loss or damages arising out of or in a way connected with the use of any part of this report. The estimates the best judgment at the date and time of the issuing and are subject to change without notice. This report is for information purposes only and is not intended to be and should not be construed as an offer to acquire.

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