By Laurentiu Damir
Trade the Momentum
- Forex expense motion buying and selling approach that would earn you 2 hundred pips a week and more
- Low Risk-High gift trading.
- Market Profile Techniques
- Forex Momentum and Direction
- Moving Average
- Support and Resistance levels
- Timeframes: 15minutes and 4hour charts
- This is a truly ecocnomic foreign currency buying and selling process that could make 2 hundred pips every week simply by means of picking out and capitalizing at the robust marketplace momentum. The publication comprises the distinct buying and selling method with many chart exemplifications. it's a nice process for the newbie dealer that has now not been capable thus far to build a high-quality buying and selling process for himself
- Like all strong foreign currency trading platforms it has strong principles that are supposed to constantly be revered and a really robust funds administration part. It additionally has transparent and extremely strict access, cease loss and go out ideas. in case you require additional info be happy to touch me at email@example.com
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Additional info for Trade the Momentum - Forex Trading System
If this doesn’t happen don’t trade. If it happens you go to the 15 minutes chart to enter the trade like shown in the above chart examples. This is it. In the end I would like to apologize if I sound a little to rigid in my explanations and if there are any misspellings. English is not my first language. I am doing the best I can. Thank you and happy trading. If you find that this adds value to your trading please consider writing a review of the book on Amazon. It does not have to be long, just a few words to state your opinion about the trading system presented in order to help other people make more informed decisions.
Everything is great here, strong breakout, retest and all the way down, but let’s have a look at the 15 minutes chart Even though the price action setup was perfect on the 4 hour chart, when we go to the 15 minutes chart to enter the sell order we do not find a logical zone where we can place our stop loss so that the potential reward will be bigger than the risk we assume. We do not trade this setup. This is how you make consistent profits, with solid money management rules. If risk is greater than the potential reward we do not trade.
Before we enter the trade we first look to see if we have a lower high or higher low near the entry to use it as a stop loss level, if there isn’t any near the entry level we do not enter the trade because we do not want to trade with a big risk and low reward. If the last minor swing/resistance where we can hang our stop loss level is at a 100 pips distance of our entry price and the take profit is only 70 pips then we don’t enter the trade because the risk would be greater than the reward. The take profit level will always be at the breakout candles low or high.
Trade the Momentum - Forex Trading System by Laurentiu Damir