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This system is more than amazing. By using this system you are trading with the 10%
winning side of forex market. Why ? because it doesn’t blindly follow the trend. But
instead, it gives you the chance to trade on powerful support and resistance levels as
well.
1 – Trend : This is the main trend, or the main direction of price at the moment.
2 – Past Support and Resistance : This is where supply and demand in the past was.
These key points are VERY important. More on that later.
3 – Future Support and resistance : This is where future supply and demand is
predicted to take palace. The yellow line is the main pivot line or middle
support/resistance. The blue lines above are resistance lines. And the red lines below it
are support lines. The gray lines between red and blue lines are suggested reversal
points. This is how we are going to set our Targets.
On the upper left corner of the screen you will find this instruction area. It shows the
major trend ( Trend Up – Trend Down ). And BUY – SELL signal with entry Point and
Stop loss level.
This area is the last point we are going to check before we trade.
This system can be used with all pairs, but it will be a lot more profitable with USD/JPY
pair.
This trading mode is for beginners. It’s very simple and clear.
1 – Use the Daily Chart to know the major trend of the currency pair.
As you can see, the major trend is Down Trend = Best to SELL this pair.
2 – Move to any smaller time frame, that shows the same trend direction.
3 – Follow the instructions on the screen for Entry and Stop loss.
4 – Set your Targets based on the Pivot lines ( the horizontal lines above or below the
yellow line – yellow line and gray lines are included ! )
5 – If the Stop loss was too big for your account size, simply move to smaller time
frames. I would suggest 15 Minutes chart for mini accounts.
Important notes:
Trade the system on a demo account for at least 2 weeks before going live.
This kind of trading is best done with currency pairs that don’t show a clear trend for a
long period of time. Like USD/CAD and EUR/USD.
In this mode we are not going to enter the market based on the recommendations on
the upper left side of the chart. So please stay focused!
Our Entry and Exit points are the support and resistance levels :
Stop loss for this method is about 5 -10 pips above or below Signal point.
For Example :
SL = Stop Loss
Very Important : Only trade the SOLID lines.
Another way to trade support and resistance, is like this example :
Our entry was not a Blue resistance line, but right when price hit the red – support –
level and started to turn in the direction of the main trend.
The Stop loss in this case was the last support level and the Target was the next
resistance level. You can use only one target per trade or more than one Target as you
can see from the example above.
In the Advanced mode, you will find 3 additional – and very important – indicators.
1 – Bars Indicator:
This bar will color price candles in Red = down trend or blue = up trend.
2 – Market Data:
This indicator shows general and special market information. Like daily high/low and
spread.
3 – Future Line:
This indicator shows the predicted move of the price in the near future. This indicator
doesn’t only mirror the last move and reverse it like many others. But it really predicts
the next move based on very complicated formula and market analysis. It’s better used
with 1 Hour and 4 Hour chart.
The system is very simple, clear and profitable. And more important .. it’s not like most
systems out there. This system is designed based on how professional traders read the
market and trade.
However, if you are experienced enough .. I would recommend that you take
advantage of price patterns like double tops and double bottoms and triangles to make
it even more powerful. And watch for strong candle formations, like Pin Bars and Inside
Bars for entry/exit confirmations.
If you are a beginner, this system would be perfect for you as it is.
Open a demo account, and start using, testing and trading with the system for few
weeks. And let me hear about your results with it.
If you need any help or advice, please contact me or contact our support team anytime
at:
http://www.forextradingmanuals.com/support
Happy Trading
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losses similar to those shown. In fact, there are frequently sharp differences between
hypothetical performance results and the actual results subsequently achieved by any
particular trading program. Hypothetical trading does not involve financial risk, and no
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