SUMMARY OF 35 RATE OF RETURN - mbfx forex trading system v2.0

SUMMARY OF 35 RATE OF RETURN ~ mbfx forex trading system v2.0

The last 13 Months have proven to be both challenging and rewarding with this new Price Action Swing Trading Methodology. Transitioning from Day Trading to Swing Trading is very difficult especially if you - like myself- have spent most of your trading years glued to the computer screen in search of immediate gains each day, only to be constantly disappointed. Swing Trading solves most of the problems associated with Day Trading and provides a more solid foundation upon which to establish a viable source of Long-Term Wealth.

THE PERFORMANCE

The Trade Setup Service, which was started on July 1, 2014, involves providing detailed trade information on trading opportunities on the Daily and 4 Hour Charts for Subscribers to trade on their personal accounts. Assuming a level of risk of 5% per trade, a Subscriber would now have generated a Rate of Return equivalent to 35%-from 15 Trades. This has come from 9 winning trades and 6 losses.

RATE OF RETURN

JULY 1, 2014 - JULY 23, 2015

At this current rate of growth, this Subscriber would now only need 6 more trades to achieve a remarkable Rate of Return of 100%. 

100% RATE OF RETURN IN 3 MONTHS

         (Assumes an Average Risk & Gain of 105 Pips and 150 Pips, respectively)

By continuing to trade the Currency Markets with this unique Methodology, you too will be able to attain your major Short to Long-Term Monetary Goals. 

THE STRATEGY

FXCM Charts are used to provide the entry signals from the Daily Chart, as this platform uses the New York Close Candle of the Daily Chart - crucial to this Price Action Methodology. Stop Losses range from 90 and 120 Pips, depending on the time frame used, while the targeted Pips Per Trade is between 100 to 200 Pips. Targeting fewer than 100 Pips exposes your trades to the more volatile, lower probability setups while aiming above 200 Pips risks pullbacks that take away your gains.

Trades are usually held for a few days, with the actual number of days depending on the individual trade. This holding period acts as an anchor that controls our greed so that we do not hold out for more than the market is offering. Based on this rule, some of these trades have had to be closed earlier than planned if they had not reached their targets on the last day of the holding period.

THE TRADES 

Following a somewhat shaky start with the initial 100 Pip loss on the AUD USD, the Methodology was able to recover with consistent gains in subsequent months. These included the AUD NZD, the AUD USD and the GBP CAD.

AUD NZD TRADE - 69 PIPS

AUD USD TRADE - 148 PIPS

GBP CAD TRADE - 199 PIPS

The AUD NZD trade was an example of a trade that had to be closed early. The original target of over 100 Pips was expected to be hit within the allotted time, especially since we were breaking out from a Consolidation. However, even though I believed that this was going to go higher, I had to closed the trade in order to comply with my rule. As you can appreciate from that pullback below the Trend Line, this was the correct decision - a difficult one after an initial loss, but a necessary one.

The AUD USD trade was a prime example of the discipline and patience demanded of us in order to be successful Swing Traders. As you can see from the graph, there was a sharp pullback bullish that took the trade right back to the Entry Price just before it U-Turned to hit our target. Had we been constantly monitoring the trade as we used to do as Day Traders, we would have began to panic and second-guess ourselves tempting us to close the trade for a small gain. After all, a small gain is always better than a loss any day of the week. However....

If a trade is going to be successful, it has to be allowed to move according to the natural waves of the market. Ideally, we want our trades to move quickly to our targets - as was the case with the GBP CAD above - but the reality is that the market does not always move on our schedule. In order for winning trades to captured, therefore, we must not interfere with the natural dynamic of the market.

It is for this reason that I have included in the Trade Setup sent to Subscribers, the Guideline of never monitoring a trade while it is in motion.

Configure your trading platform so that you only see that the trade is still open without seeing the actual graph, floating balance or account balance. This is a crucial safeguard required to keep our emotions out of the picture.

As with all strategies, there are periods of losing streaks that have to be faced before we can continue towards our targets. The last three trades have led to losses with the latest one coming from the GBP USD. Although these periods are challenging, they are easier to face and overcome compared to Day Trading. This is because the time in between Swing Trades is sufficient to allow us to objectively analyze these trades and regain our composure and objectivity ahead of the next opportunity.

With Day Trading, we believed we could not afford to sit back because there was always another trade within a few hours that could erase the losing ones and make us "feel better". This left little time to ensure that the next trade was not hastily and emotionally taken in order get quick "revenge" on the market and the brokers.

SUMMARY

If Long-Term Wealth is your goal, then Swing Trading the Currency Market will definitely help you along this journey. We have been made to believe that things need to happen immediately and that waiting patiently for anything is the greatest sin of all. Rome was not built in a day and neither is significant Financial Independence. The Forex Market is a very attractive market to trade but where is stated that the only way to benefit from it is to trade it every day or whenever we want?

By trading only twice per month and thereby minimizing your exposure to this dangerous market, that 35% Return is comparable to most conservative investments instruments. Even if you decided to risk only 2% Per Trade, you would have still earned a significant return of 14%...

RATE OF RETURN AT 2% RISK PER TRADE

In either case, you would be right up there with the best in the industry...

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Forex Megadroid Make Forex Trading Easier With Forex Software - guppy forex trading system

Forex Megadroid Make Forex Trading Easier With Forex Software ~ guppy forex trading system

Forex Megadroid is relatively new in the field of automated Forex trading systems, also known as "forex robots" and done his share of attention as a bestseller. Comments and success stories of all parties agree that it is not only a lot of smoke and mirrors: this software has earned its reputation. In short, it is a program designed to automate the market analysis and interactions of agents, allowing you to make informed operations on the currency market - and therefore the advantage - without even being near your computer. The long version of the story explains why this program is highlighted.

Forex Megadroid has jurisdiction. Many competition. Forex trading software is a saturated market. That said, all these programs are not worth anywhere, even near its purchase price. The Forex market is a chaotic environment, and Forex programs are designed to detect subtle patterns in chaos and act on them. The problem is that even the models change over time, and the software that might be useful at some point may lose a fortune now. This is a major problem with Forex trading programs in general: they must either be constantly alert to prevent children make bad decisions, putting the lie to its claims to "make money with no effort" or if they need to buy versions constantly updated, eat a substantial part of their profits. This, needless to say, is a question that the designers of Forex Megadroid - merchants veterans Albert Perrie and John Grace - taken to heart during the development cycle of eight years of software.

The crucial to the success of the element Forex Megadroid is an innovative new system called "Reverse Correlated Time and Price Analysis" or RCTPA: it is a market analysis has advanced AI has consistently demonstrated its ability to predict the evolution of market 2 to 4 hours in advance There will never be such a thing as e clairvoyance, but RCTPA comes dangerously with an accuracy rate of 95.82% confirmed Forget having to take care of your computer..: This is software that stays true to its profitability promise handsfree.

There is no trick or deception involved with these results. Forex Megadroid was strictly by real Forex traders before it is made public, and reliability of the software is confirmed, the system makes money without any human intervention, multiplying investments, even as their merchants were far computers. This is the same software professionals can trust.

If you are looking to expand your operation or improve the existing business or you are a beginner looking to get your foot in the door, you really can not go wrong with Forex Megadroid. It is not a get rich quick scheme, its a way to make money safely and easily.

Guaranteed 95.82% Accuracy, see who is the best Forex Trading Robot [http://www.Bestforexrobot.org]

Forex MegaDroid Indisputably Proves A Robot Can trade with 95.82% accuracy in each market condition and at least quadruple every dollar you deposit. 38 years of combined experience in delivery Forex Megadroid RCTPA technology. Compare Forex Megadroid, FAP Turbo and Ivybot. See what really works!
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What are we to do with Sharpe ratio - forex trading strategies today

What are we to do with Sharpe ratio ~ forex trading strategies today

I wrote several times before how useless Sharpe ratio is for certain types of strategies: see here and here. Not only is a high Sharpe ratio quite useless in telling you what damage extreme events can do to your equity, a low Sharpe ratio is also quite useless in telling you what spectacular gain your strategy might enjoy in the event of a catastrophe. I came across another brilliant example of the latter category in the best-selling book "The Big Short", where the author tells of the story of the fund manager Mike Burry.

Mike Burry started buying credit default swaps in 2005, essentially an insurance policy on mortgage-backed securities, betting that there will be widespread defaults on mortgages. Of course, we now know how this story would turn out: Mike Burry made $750 million in 2007 alone.  But there was nothing but pain for the fund manager and his investors in 2005-2006, since they had to pay an annual premium of 8% of the portfolio.  Investors who measured the performance of this strategy using Sharpe ratio, without knowing the details of the strategy itself, would be quite justified to think that it was an utter disaster prior to 2007. And indeed, many of them lost no time in trying to pull out their investments.

So what are we to do with Sharpe ratio, with its inherent reliance on Gaussian distributions? Clearly, it is useful for measuring high frequency strategies which you can count on to generate consistent returns every day, but which has limited catastrophic risks. But it is less useful for measuring statistical arbitrage strategies that hold positions over multiple days, since there may well be substantial hidden catastrophic risks in these strategies that would not be revealed by their track record and standard deviation of returns alone. As for strategies that are designed to benefit from catastrophes, such as Mike Burrys CDS purchases or Nassim Talebs options purchases, it is completely useless. If I were to allocate my assets over different hedge funds, I would be sure to include some funds in the first category to generate cash flows for my daily needs, as well as funds in the last category to benefit from the infrequent black-swan events. As for the funds in the middle category, I am increasingly losing my enthusiasm.
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Monitoring Market Trend With COT Metrics - easiest forex trading system

Monitoring Market Trend With COT Metrics ~ easiest forex trading system

In case you are not familiar with it, lets have a quick overview of the widely proclaimed and yet widely misunderstood Commitments of Traders (COT) report. The primary agency with regulatory supervision of commodity futures and options markets in the United States is the Commodity Futures Trading Commission (CFTC). The CFTCs stated mandate is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options, and to foster open, competitive, and financially sound futures and option markets".

In line with this mandate, the CFTC collects and circulates data on Open Interest (number of contracts held, long and short) for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC. In practical terms, this means almost any liquid financial market publicly traded in the United States, including currencies. The reason for doing so is to nurture a level playing field, so that the price effects that could result from large swings in market participants buying and selling activities can be known in a reasonably timely and open manner.

Now, the question is, why should we care about the futures markets since we are trading the cash market? This is because the futures market for currencies leads the cash market, and both markets actually trend in a parallel fashion. This means that, if we were to overlay the price plot for the EUR/USD Forex pair on top of the price plot for Euro futures, they would look pretty much the same. We can therefore assume that the currency futures price is a proxy for the Forex market. In simple terms, changes in buying and selling activity in the futures world would eventually affect Forex price movement.

The primary groups of traders traditionally covered by the COT report include the following:

• Commercials - Large corporate entities that use futures markets to hedge against business risks pertaining to the commodity which they manufacture or distribute (e.g. a grain pool which sells wheat on the open market). Commercial traders are typically counter-trend traders, not speculators.
• Large Traders - Financial market entities who speculate on the price movements of the underlying commodity without either providing or taking physical delivery of it (e.g. a hedge fund which trades and invests in various assets on behalf of its clients). Large Traders are typically trendfollowers.
• Small Traders - Primarily private traders holding positions in futures or options that are below the reporting threshold specified by the CFTC. Since Small Traders do not report to the CFTC, their positions are inferred as the residual of Commercials and Large Traders open interest in each market from the known total.

The COT report is published every Friday by the CFTC, based on reporting data submitted the Tuesday prior. COT data can show us the Net Long or Net Short positions taken by the above three categories of market participant, and highlight significant changes from one week to the next which may warn us in advance of accumulation/distribution campaigns that could affect price. The CFTC does not publish corresponding price data, but this critically important data can be obtained from other sources.

There are many different ways in which COT data can be interpreted. Some analysts look for extremes within a range of 6, 12, 24 or 36-month look-back periods by calculating a simple Stochastics index on the respective positions, often with the corresponding price series plotted as an overlay. This will tend to reveal when one category of trader hits a multi-period extreme of buying or selling activity (particularly at an apparent price high or low), which is thought to act as a warning of a potential price reversal.

While this method maybe perfectly sensible, I believe the best and simplest way to use COT data is to confirm a high level trend, and most importantly, changes in the trend. To confirm a high level trend, I do not look at the Commercial Traders position data, but rather at the Large Traders. Again, this group has a primary focus on trend following. As independent traders, isnt that exactly what we are trying to do as well?

In addition to the fact that Commercial Traders are counter-trend traders, studies have shown that Commercial Traders tend not to make money from futures trading, but rather to lose! Again, their primary interest is to hedge against risk in the markets in which they operate - not to speculate on price movement. Losses from futures market trading are therefore merely a cost of doing business for Commercials - just like buying insurance. In other words, go long when the Commercials are going long (or short when they are going short) and most of the time we will lose.

We want to trade with the trend, not against it. We want to pay attention to the group that is going to help with our trading, and its usually not the Commercials! Therefore, my primary use of COT is simply to look at how Large Traders are positioned in relation to price action itself. I do not over burdened myself with look-back periods, Stochastics formula, or anything like these. Every Friday I obtain the latest COT positions data and corresponding price series, enter them into an Excel spreadsheet which then calculates the Net Position (i.e. long contracts minus short contracts) and then chart the respective series side-by-side.

If I see evidence of a high-level trend on price, and that Large Traders are on the same side of the market, I have reason to believe the trend is valid. Alternatively, if my price chart analysis shows that a high level reversal is setting up and that Large Traders have flipped from Net Short to Net Long (on a bottom), or Net Long to Net Short (on a top) consistent with the anticipated price reversal, then I have further reason to believe the reversal is actually happening. COT is therefore a high level trend confirmation tool, not usually a timing tool.

To accomplish the above objectives, I plot weekly Tuesday closing price on one chart panel, and concurrent net positions of Commercial versus Large Traders on the adjacent panel (bearing in mind that because the Commercials are always on the opposite side of the market from both Large and Small Speculators, the two plots will be perfectly symmetrical) as shown in the chart below.

In conjunction with standard trendline and Swing Point analysis, I then look for the following types of readings on the COT display:

Reading	Description
Bullish	Large Trader net positions line is above zero and rising: Net Long and following the uptrend.
Bullish Crossover	Large Trader net positions line crosses the central axis from below: changing bias from Net Short to Net Long, which may confirm a price bottom.
Positive Divergence	Large Trader net positions line makes a higher low in relation to a lower low on price: a price bottom (they are not following through to the downside).
Bearish	Large Trader net positions line is below zero and falling: Net Short and following the downtrend.
Bearish Crossover	Large Trader net positions line crosses the central axis from above: changing bias from Net Long to Net Short, which may confirm a price top.
Negative Divergence	Large Trader net positions line makes a lower high in relation to a higher high on price: a price top, (they are not following through to the upside).

It should be noted however that not all readings mean what they appear to mean, and not all actions of Large Traders can be assumed to be correct at all times. Thus, when Large Traders add to a net position but price thereafter does not penetrate an important level in line with trend, we can assume the undertaking was a failure, which could verify a technical analysis calling for a reversal of some kind. Failure signals can therefore be as useful as confirmation signals.

To some seasoned traders, the approach described above may seem to be too simple and hence questionable. However, the proof, as they say, is in the pudding. The sample COT chart for the US Dollar Index covering the period from January 2007 through December 2009 as shown above plots price versus Commercial and Large Trader net positions. I have labeled all crossovers, readings which are expected to confirm tops or bottoms based on price chart analysis undertaken separately. The results of these crossovers in relation to subsequent price action are summarized below:

• Reversal #1: Bearish crossover on Feb. 20th, 2007. Price on the USDX was 8410. Large Traders remained Net Short from that point through to Dec. 18th, 2007, when price had fallen to 7743. A short on the USDX using these two crossover signals to confirm the entry and subsequent cover long was worth (8410 -7743) = +667 points.
• Reversal #2: Bullish crossover on Dec. 18th, 2007. Price on the USDX was 7743. Large Traders went Net Short on an abortive move that ended up quickly resolving to the prior downtrend (an example of a failure), and thus their position reversed again on Dec. 31st, 2007, when price had actually fallen further, to 7670. The maximum loss on this failure signal was limited to (7670 - 7743) = -73 points.
• Reversal #3: Bearish crossover on Dec. 31st, 2007. Price on the USDX was 7670. Large Traders went Net Short again, and remained on that side of the market through to May 13th, 2008, when price had fallen to 7350. A short on the two crossover signals was worth up to (7670 - 7350) = +320 points.
• Reversal #4: Bullish crossover on May 13th, 2008. Price on the USDX was 7350. Large Traders flipped Net Long, and remained on that side of the market through both an interim top, which came Mar. 3rd, 2009 at a price of 8952, and beyond to the next crossover date of May 19th, 2009, when price had come down to 8215. To the highest high in March, the long was worth up to (8952 -7350) = +1602 points. To the May crossover date, the position was worth (8215 - 7350) = +865 points.
• Reversal #5: Bearish crossover on May 19th, 2009. Price on the USDX was 8215. Large Traders flipped short, and remained on that side of the market through to Nov. 24th, 2009, when price had come down to 7517. Using the crossover signals again to confirm an entry short and cover long yielded an opportunity worth (8215 -7517) = +698 points.

The above examples show that from February, 2007 through November, 2009, a straightforward analysis of Large Trader net position reversals on the US Dollar Index confirmed tradable opportunity in the range of 3,000 points. Note that this is not to suggest that you should approach COT data looking for extremely simplistic, black-box trading signals; but rather, that you use the information to confirm other forms of analysis.

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EURO CAD BULLS HAVE THE EDGE WITH STRONG BULL CROWN - macd forex trading system

EURO CAD BULLS HAVE THE EDGE WITH STRONG BULL CROWN ~ macd forex trading system

A Bull Crown Formation has now appeared at the Inner Downtrend Line following the sharp Bearish breakout from the Range Setup. This appears to indicate the start of an Uptrend in the days ahead, despite the predominantly Bearish direction of this currency pair.

From the chart below, we can see that the Breakout that was taking place from the Range Setup on the Daily Chart has now ended with a rally above the Inner Downtrend Line.

DAILY CHART- OVERALL DOWNTREND

Breakouts from Consolidations such as these can include periods of pullbacks that eventually lead to the continuation of the trend. In fact, above the Inner Downtrend Line, a Range Setup has been formed above the Uptrend/Counter Trend Lines. If these are broken bearish with a strong candle, it could lead to the resumption of the overall breakout.

DAILY CHART- RANGE SETUP

However, there are two factors that give the edge to the Bulls and the likelihood of a new Uptrend in the days ahead. The first is that Breakouts from Range Consolidations of this size are generally expected to last a longer time than appears to be happening here. Although the pullbacks are expected, the time that it has now taken in moving sideways is longer than is normal for Breakouts such as these.

DAILY CHART- EXPECTED BREAKOUT DISTANCE

The second factor has to do with the Bull Crown setup that has appeared above the Inner Downtrend Line. Not only is it unusual to have such a long period of indecision with these Breakouts, but it is even more so whenever a strong setup that signals a move in the opposite direction appears.

DAILY CHART- BULL CROWN

Because of these two factors, a breakout above the Resistance of the Range Setup is the more likely scenario. This would first carry us to the Outer Downtrend Line where the pair could encounter some resistance. From here, a break of this barrier could take place to signal even stronger gains for the EURO. This would require another strong signal given the significance of the barrier and that there is always a possibility of the existing trend continuing as long as we are still below this trend line.

DAILY CHART- PROJECTED MOVES

Aggressive traders may be tempted to get into this trade before a breakout signal is provided. This is often done to get in ahead of the market especially if the breakout candle is too large and does not provide a small enough Stop Loss. However, given the frequency of False Breakouts, it is always better to wait for the Daily Chart to signal the direction in order to trade with greater confidence. Stop Losses may be larger but if they are placed at an area that is strong enough to protect the trade, a trader can hold his/her position with greater certainty that profit targets will be hit.

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Trend Following System With Formations - most expensive forex trading system

Trend Following System With Formations ~ most expensive forex trading system

Trend Following System With Formations (TFSWF) is a Forex trading manual written by Dr. Dariusz Swierk, PhD of Forex Institute, providing a comprehensive explanation of the 3SMA (3 simple moving averages) trading system.

With this system, the moving averages are used to filter and identify a strong market trend, taking into account the existence of a price action at the trend lines. Then a confluence of support or resistance levels (such as Fibonacci levels, round numbers, previous highs or lows, etc.) are identified. A lower time frame chart is then used to determine the counter trend line and price is then being waited to break this line and then makes a pull back, from which an entry is made. This entire strategy is being referred to as Breakout, Pullback & Continuation (BPC).

The system also utilises chart formations like the flags, triangles and wedges that are considered to be good signals about the turning points in the market. There are also sections covering capital management, trade management and risk reward ratios, which are essential for beginners and intermediate traders alike.

A highlight of the contents in the manual is as follows:

• Description of the most profitable and proven formations which have been used by institutional traders
  
• Description of the real operations of the market, levels of support and resistance, round numbers, trend lines, and countertrends
  
• How to use the confluence – a tool used by the most experienced traders for predicting market turning points effectively
  
• Determining which entry is “the safest” and why
  
• Knowing when you shouldn’t enter the market, even though there is a clear signal
  
• Ways to choose exit points from the market for the most profitable formations: flags
  
• System principles to make trading easier and to not forget some significant elements of the system
  
• Carefully described and illustrated with dozens of screenshots of where markets often “turn back”, where the trend ends and starts new movement

The complete TFSWF package includes:

1. The Manual: "TFSWF - Trend Following System With Formations Version 2.0". It contains over 380 illustrations and over 270 pages in PDF format.
   
2. A Zip file with indicators and tables for the system (These indicators work in Metatrader MT4)
   
3. The system’s summary on one page (actual cheat sheet) - to print and use each day before entering the market

There are also three bonus items as follows:

1. BONUS #1: A supporting manual with 57 examples of Breakout, Pullback & Continuation (BPC), Stop loss and Entry levels illustrations with 137 illustrative charts
   
2. BONUS #2: A 54-page interview with Dr. Dariusz Swierk on the conclusions from the research on the best traders, the causes of successes, failures, problems in the path of development and how to solve them
   
3. BONUS #3: A Special Report: Illusion that Takes Away Your Money" by Dr. Dariusz Swierk that discusses the psychological aspects of Forex trading and how the right mentality can improve your trading results dramatically

Trend Following System With Formations is priced at $97 and includes an unconditional 60-Day Money Back Guarantee. Therefore, traders can try it out without any risks.

Find out more about Trend Following System With Formations now!

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SUBSCRIBERS NOW UP 53 WITH 200 PIP AUD NZD TRADE - netwave forex trading system

SUBSCRIBERS NOW UP 53 WITH 200 PIP AUD NZD TRADE ~ netwave forex trading system

This latest 200-Pip gain involved a Consolidation Breakout trade from a Range setup on the Daily Chart of this Aussie pair. The Support boundary was initial broken with a weak Bearish Candle but was soon followed by a stronger U-Turn Signal that indicated the resumption of the breakout. Having determined that the overall setups on the Daily and 4 Hour Charts were in sync with the Methodology’s criteria, the trade was executed on Sunday March 29, 2015. After only a few days, the target was subsequently hit within the established holding period to push the overall return for Subscribers to 53% from only 12 trades, generating 868 Pips along the way.

Apart from the strong trading profit that Subscribers would have enjoyed on their Retail and Institutional Trading Accounts, the sharp Bullish Reversal in the market a day later would have provided them with additional reassurance about the accuracy of the Methodology. With Consolidation Breakouts, there is a greater tendency to hold out for a greater number of Pips than the market is offering given the larger Pip ranges of these breakouts. However, once the rules of the strategy are always followed, a consistent rate of growth will continue to be accrued on your portfolio in the months and years to come, with few market surprises.

GENERAL MARKET PATTERN

The over direction of the pair has been predominantly bearish since March of 2011. There have been brief periods of Consolidation that may have led to a reversal but the bears eventually take control and have provided significant gains for the Kiwi against its major trading partner’s currency. As with all trends that have lasted for several years, Long-Term, Outer and Inner Trend Lines tend to be formed.

DAILY CHART - STRONG DOWNTREND & CONSOLIDATION BREAKOUT

Given the strength of this downtrend and the start of the breakout from the Large Pennant, it was no surprise that the most recent Consolidation setup would be broken short. This would come in the form of an Evening Star Candlestick Formation as the market rallied and U-Turned after testing the Support boundary of the Range.

DAILY CHART - RANGE SETUP TO RESUME BREAKOUT

After determining that the setup of this trade conformed to the parameters set out in the Trade Sheet for Consolidation Breakouts...

TRADE SHEET CHECK LIST 

... a Trade Setup was circulated to Subscribers with details on the Entry, Stop Loss and Limit Orders using the 4 Hour Chart...

4 HOUR CHART - ENTRY & STOP LOSS SETUPS 

4 HOUR CHART - TRADE TARGET SETUP

After 6 patient days, the target was eventually hit on Sunday April 5th.

DAILY CHART - TARGET FINALLY HIT

This  trade pushed the Return for Subscribers to 53% and 40% on the Demo Account that tracks the trades sent to Subscribers (behind by 3 trades).

RATE OF RETURN FOR SUBSCRIBERS

(Assumes a starting capital of US$ 5000 for a Subscriber; Only 4 Trades Remain for a 100% Return; 105 Pips and 150 Pips Avg. Stops and Limits as per Methodology)

RATE OF RETURN ON FXCM ACCOUNT 

  

FXCM INDIVIDUAL TRADE RESULTS

(http://www.myfxbook.com/members/DRFXTRADING/duane/1079693)

Relative to the recent performance of the top 10 Currency Traders,

CURRENCY TRADERS MANAGING MORE THAN US$10 MILLION

 AS OF FEBRUARY 2015

Names of CTAs withheld to comply with Redistribution Terms of BarclayHedge

...and the 2nd Best Trader between 2008 and 2013 ranked by BarclayHedge Currency Index...

RATES OF RETURN OF JARRATT DAVIS 

http://www.jarrattdavis.com/

 ...these Subscribers continue to surpass them with room to spare.

Most of these profitable trades have been the result of accurate trade targets being set according to the setup presented. These exit points generally coincide with major price point areas that lead to strong pullbacks in the market over subsequent days. This recent trade was another example of the reversals that take place at these areas and the need to adhere to the guidelines for exit, regardless of the number of Pips.

Within a few days, the market rallied sharply to close Tuesday’s US trading session with a strong Bullish Candlestick Formation (reaction to the Interest Rate decision and Statement by the Reserve Bank of Australia). This would have eroded most of that 200 Pips had we chosen to hold out for more.

DAILY CHART - SHARP TREND REVERSAL SIGNAL

30 MINUTE CHART

The reversal seen on the Daily Chart is one of the signals given by the market to indicate the end of the Consolidation Breakout.

There is nothing more frustrating than coming back to the charts to see a perfectly good trade taken out by these reversals, especially if it begins a few Pips ahead of our intended trade target. This is why the following exit points were identified and discovered to be the best way to maximize on these trades while staying away from these “surprises”;

• Resistance/Support Boundaries;
• The Breakout Equivalent;
• The 200-Pip Maximum (where possible);
• The Weekly Range;
• The Monthly Range;

The choice of targets ultimately depends on whether we are trading a Trending or Consolidating market and the size of the Consolidation Pattern in question. So long as these are chosen appropriately on each occasion, these market surprises will be the exception with large Pip gains such as these becoming the RULE in your trading.

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Is there anyway you can make a lot of money online with currency trading - forex currency trading system

Is there anyway you can make a lot of money online with currency trading ~ forex currency trading system

Making money online is as simple or as complicated as you make it out to be.

Yet this doesnt mean you will make money online with Forex trading straight away.Let me ask you a question,Would you walk up to Bill Gates and ask him... "How do I make money"?

Of course you wouldnt! Thats ridiculous!.However, if you wanted to make money like Bill gates does then you need to educate yourself and learn the exact skills he developed to achieve this.

And with Forex trading its exactly the same.

You dont just walk up to a successful Forex trader and ask him "how do I make money", what you do, is you educate yourself and learn how to do exactly what that trader does.

You need to learn skills. Skills are what make you money in any business endeavor, including trading Forex.

So the correct question would be:

"Which skills do I need to learn for me to make money with Forex trading?"

And here is the answer to that question:

For you to make money trading Forex, you must learn the simple (yet commonly overlooked) skill of price reading, also known as price action trading.

So lets get cracking with some Forex trading lessons!

Lesson # 1: "How do Financial Markets Move?"

All financial markets move exactly the same. They move in waves, just like the ocean does.

Within these waves, markets trend up and down over and over again.

They trend up with higher swing highs and higher swing lows.

They trend down with lower swing highs and lower swing lows.

And within these trends two very specific movements occur over and over again:

Impulsive moves and corrective moves.

So in essence, markets move in waves, waves move in trends, trends do impulsive moves and corrective moves. And thats it! This is the most powerful skill you should master, interpreting price movements based on the above explanation.

Why? Read the next lesson to find out.

Lesson # 2: "How Are Trading Systems/Methods Developed?"

All highly consistent profitable trading methods are based on the above concept.

You see, if you want to trade like a pro you need to trade with the pros. It is that simple.

So, what do pros do? They trade trends! Be it intraday or intraweek trends.

However, lets take it one step further:

Pros only trade ONE movement within a trend, and that is the impulsive move.

And guess what! All methods are based around this simple concept:

Trade the impulsive moves within a trend. Go with the institutional order flow!

And if you learn to trade like this you will automatically be able to trade any method you like, be it 123 patterns, be it Elliot waves, pullback trading, Fibonacci trading... you name it you can do it!

Lesson # 3: "So How Do I Go Trade Forex?"

1. - Learn market movement analysis to identify impulsive and corrective moves within a trend.

2. - Learn proper trade and risk management principles, irrelevant of how you trade Forex.

3. - Learn good entry and exit techniques.

Just remember, you want to learn how to get into the impulsive moves at the right time.
But you never know when a correction has been completed.

So how do you get into a low risk high probability trade when the impulsive moves start?

Well, that is where further education comes in. Just remember to ask yourself the following:

"When will the corrective move be completed and *how* do I identify this?"

If you seriously want to make money online trading Forex, and eventually with experience and determination become wealthy, then you must learn the above skills which over time will give you a hugely successful money making home based business.

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