Forex Killer Signal February 8th

Continuing my coverage of how Forex Killer signals work for me, I wanted to document another Forex Killer Signal success story. Earlier I saw another example of how a pair read SELL in 3 different time frames, except daily had no trade. The last time I had 3 line up I had a winner except for setting too far a profit target by only a few pips. At any rate, this trade last night involved EUR/GBP at exactly 18:30 GMT and ended this morning at about 10:30 GMT.
The specifics of this trade were:
I was trading 1.22 lots which were approx 23.50 per point with a 5 pip spread, No Stop loss No Take Profit, just playing by ear. Net gain 43 pips – 5 pip spread = $890 Profit Thanks To a Forex Killer Signal and nothing else this time.

Unfortunately I did not take not of the exact Forex Killer levels, but I do know they both indicated to SELL for 15, 60, 240 minute time frames and I entered just before it took another step down 20 pips, and down another 20 to where I would have put profit target level anyway because the DiNapoli target was in this area.

I could have rode this one out a little long, it just seemed like it lost steam and might push back up a little more, so I decided to lock in my profits and go. And it appears even two hours after I exited the trade, the price is has broken resistance and on the way back up. So the exit wasn’t premature, for once . I believe this trade proves you need to know alot more about Forex than just how to get levels and signals from Forex Killer, simply because, I read the signal correctly, it gave me a profit, but Forex Killer doesn’t tell you when or where to exit, you need to do your own technical analysis. In this trade, I felt it was time to exit simply because the Fib target and Dinapoli Targets had been reached and found support. Why stay in this trade even longer without knowing where it might go, and after volume has dropped off? No reason really, so I got out, and not a moment too soon, if you look at the charts now, we see I would have given back at least 20 pips profit. So what I learned again is that Forex Killer helps find the trend, find which way the market is likely to go, but used by own indicators to determine if Forex Killer should be followed and where to set my exit point. Personally I am happy with this trade because while people go to harpoon that big whale (100+ pips per trade), I like to find 3 or 4 25-50 pip trades, not exactly scalps and not exactly interday trading. If I can use Forex Killer to find more trades like this, $1000 per day profit is all but certain, even with losses.