Forex Trading Signals and Analysis
Guide to the
G7 Trade Alerts
guide is to assist traders who have purchased the G7 system from Forex
Science and who are receiving our G7 Alerts, either for the free month or
via subsequent subscription to the service.
only trade between 5AM and 5PM GMT. Alerts will not be
sent outside this time, even though there may be set-ups outside these
hours. Sometimes we will send an alert to show a set-up which happened
outside our hours for illustrative purposes. This does not mean that
traders living in different time zones should not trade the set-ups
during their hours - there are many set-ups in the late NY session and
Asian sessions. However, you will have to identify the set-ups without
our support during those times. Also remember that the best market moves
(and the best technical set-ups) generally take place during the
European and Early NY session periods, due to the enormous increase
in traded volume during those hours.
We also occasionally send alerts on
Sunday in preparation for the market opening, so members are
encouraged to check their email and/or trading room alerts on Sunday
prior to the market open.
will try to send an alert for most set-ups on the three pairs during our
hours, but we cannot guarantee that each set-up will be sent.
Remember, we are not trying to provide a signal service, but rather a
teaching service to help members identify set-ups for themselves.
Set-ups do not happen every day! If you do not receive an alert on
any given day, it is because there hasn't been one, or because we are
(rarely) not in the trading office for whatever reason. Do not fret -
this does not mean we have gone away!
of the time, we trade exactly according to the G7 rules, including the
weekly directional rules. However, occasionally there are set-ups
which meet all the requirements of the 6 rules, but in the wrong
direction We will sometimes alert these "counter-trend trades"
especially if the currency is near what we believe to be a potential
major turning point. It is up the the individual trader to either
consider trading the set-up or ignoring it. We advise that each trader
sticks to the old rule - "If in doubt - stay out!" There are more than
enough trades in the correct weekly direction without having to consider
counter-trend trades, but we will send them for information, when there
is a good risk/reward situation.
losses should always be placed a few pips below the reversal candle
which gave the entry signal. The G7 book goes into more detail.
can either be set according to the G7 system - double the amount risked
on the stop loss - or they can be set according to the trader's own
experience. We suggest using either clear targets (2 x stop loss) or
using a trailing stop loss (experienced traders only) Also, try to move
the stop loss to break-even as soon as possible -perhaps after 30-40
pips profit has been achieved. There are no clear cut methods to know
when to take profits, but generally, try to let them run as much as
possible. If, for example, we have a 30 pip stop loss and we have set
the target at 60 pips, sometimes it may be better to let the profit run
further in a very strong move. Once again, if you are not experienced,
simply use the 2x stop loss rule.
Trading is not easy, but the G7 system will give you a clear edge. Keep
practicing and you have every chance of getting it right. The system is
designed to minimize losses and to give clear entries and if you apply
yourself, there is no reason why you should not succeed!
is very important that you read www.forex618.net/signals.htm to understand
how we work. We want you to be as successful as we are in your own
trading, and whether you are a new trader or an experienced campaigner,
there are certain rules which must not be broken! We have summarised the
10 key points below for you to consider.
1. Never trade at more than 5:1 leverage. That means for every $10,000 in
your account, do not trade more that $50,000 (5 mini lots)
2. Do not move stop losses. Always be prepared to tale a loss, and keep
stops to 50 pips or less. At 5:1 leverage, this will keep each stop loss
to between 1.5% and 2.5% of your account equity.
3. Follow the system! If you have been stopped a few times in a row, don't
be scared to take the next trade. Our system allows for several small
losses, which wil often be recovered with one winning trade.
4. Understand what we are doing. If you have not purchased and read our
E-book detailing the G7 system, then get it at www.forex-science.com You
should be trying to learn the system for yourself, rather than blindly
following our signals. Also take a look at our book list at
www.forex618.net/read.htm Try to follow the reading plan.
5. Be aware of our trading times. Visit www.forex618.net/signals.htm to
find out what they are. You need to be able to take trades at any time on
the hour during that period. If you cannot do that, you will eventually
miss an important trade. Change your lifestyle or stop trading Forex.
6. Make sure you get the alerts on time. Emails can be unreliable so try
to use our instant alerts trading room. Make sure your emails are set up
properly. Free email addresses are even less reliable, so get a proper
address, and make sure your email software checks for new mails every
30-60 seconds. Use the mobile phone system (www.forex618.net/alert.htm) if
7. Read our daily reports very carefully as soon as they come out. They
will help you to understand what we are looking at for the day ahead,
where the levels are, what the strategy is and what to look for. You can
use the reports to plan your trading day, as you will know when to expect
action, and when to expect quiet periods. Don't watch the charts all day
long. you will burn out eventually. Plan time for rest and recreation.
8. If you want to succeed at trading, treat it very, very seriously. We
know people personally who make a full time living from our services.
There is no reason you cannot do the same, but be dedicated, enthusiastic
and serious about what you are doing. Learn, learn, learn!
9. If you don't understand something, find the answer. Either ask us, your
broker or someone who has the answers. Don't make wrong assumptions and
don't accept ignorance.
10. The three most important aspects to trading are money management, your
own mental fortitude and understanding/following signals or a system - in
that order! Master them all.
We hope that this helps you to succeed. If you don't understand anything
at all. Email us on [email protected] and we will try to help you as soon
as we can.