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	<title>Forex Signals &#124; Forex Trading Signals &#124; Signals Service &#187; Alerts</title>
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		<title>FirePips Forex Signals !</title>
		<link>http://forex.firepips.com/free-forex-signal.html</link>
		<comments>http://forex.firepips.com/free-forex-signal.html#comments</comments>
		<pubDate>Mon, 04 Jan 2010 05:42:17 +0000</pubDate>
		<dc:creator>FirePips</dc:creator>
				<category><![CDATA[Free Forex Signals]]></category>
		<category><![CDATA[Alerts]]></category>

		<guid isPermaLink="false">http://forex.firepips.com/?p=321</guid>
		<description><![CDATA[Hello Everyone ! Free Forex Signals are back. That’s right, I&#8217;ve decided to provide the signals again. My previous signals though successful, had higher overhead in terms of trade management.  Previous signals required a lot more screen time and frequent updates which took a big chunk of my time. After months of research and back [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">Hello Everyone !</p>
<p style="text-align: justify;"><strong>Free Forex Signals are back</strong>. That’s right, I&#8217;ve decided to provide the signals again. My previous signals though successful, had higher overhead in terms of trade management.  Previous signals required a lot more screen time and frequent updates which took a big chunk of my time.</p>
<p style="text-align: justify;">After months of research and back testing I was able to use the <strong>same previously successful method and apply it to higher time frames.</strong> Now instead of using 5 or 15 Mins charts I use 4hr charts which helps me to  cut down screen time and has less trade management overhead.</p>
<p style="text-align: justify;">These signals are <strong>based on price action only </strong>and no indicators are used. As far my internet research goes no one else has published such method yet. I am happy to be corrected if found otherwise. At this stage I&#8217;ll only provide signals as they happen but refrain from discussing exact methodology.  I&#8217;ve been using this system for a while now and it works great with all major pairs.</p>
<p style="text-align: justify;">The idea behind these Forex signals is simple,  we look at the <strong>price in relation to weekly and monthly price movement</strong>. We then wait for price to start trending in the same direction. Each trade is open with multiple of 3 lots. For example it could be 3 Mini, 9 Mini, 6 Micro, 3 Standard etc, any trade size in multiple of 3. It would depend on your money management as to what size you should trade. Read more on <a href="http://forex.firepips.com/2008/10/27/forex-money-management-a-new-approach/">Money Management</a>.</p>
<p style="text-align: justify;">Profit Target and  Stop Loss are all based on price action and would vary from trade to trade. Most trades would have Risk to Reward ratio of 1:1 or better but at time it could vary.</p>
<p style="text-align: justify;">All Forex Signals would be posted as usual on <a href="http://twitter.com/FirePips">Twitter</a> and <a href="http://www.facebook.com/firepips">Facebook</a>.  I&#8217;ll also update blog, so it is a good idea to subscribe to email alerts. If you haven&#8217;t already done so then you can do enter your email on the right hand sidebar.  In the future I may introduce SMS alerts as well.</p>
<p style="text-align: justify;">Happy Trading.</p>
<h4 style="text-align: center;"><strong><a href="http://forex.firepips.com/forex-signals/">Please read FAQ before trading Forex Signal</a></strong><strong><a href="http://forex.firepips.com/forex-signals/">s</a></strong></h4>
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<li><a href='http://forex.firepips.com/euro-signal.html' title='Euro Approaching Key Decision Area'>Euro Approaching Key Decision Area</a></li>
</ul>
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