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Forex Simple Trading Method USDCHF Trade For 87 Pips Profit

Tuesday, July 28th, 2009

As you know, the Simple Trading Method is the Forex trading method Bill Poulos teaches in Forex Nitty Gritty.

Today, while watching Todd on the Daily Forex Video inside the Forex Nitty Gritty Insiders website, I noticed a potential trade set up I wanted to get into.  And I’m happy to say the trade worked out perfectly. And even though there was MORE profit to be taken in this trade, I’m happy I made 34 pips on the first target and 53 on the second price target.  Plus, I always congratulate myself when I stick to the RULES of the Simple Trading Method… regardless of whether I win, lose or break even.

Here is a video of the USDCHF trade I made for 87 pips of profit…

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Disclaimer: Trading in the off-exchange Foreign Exchange Market (FX, Forex) is very speculative in nature, involves considerable risk and is not appropriate for all investors. Therefore, before deciding to participate in off-exchange Foreign Exchange trading, you should carefully consider your investment objectives, level of experience and risk appetite. Investors should only use risk capital when trading Forex because there is always the risk of substantial loss. Most importantly, do not invest money you cannot afford to lose. Any mention of past performance is not indicative of future results. Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors. All rights reserved 2010.