Methodology Turns Currency Fund Managers into Amateurs - forex trading system sample

Methodology Turns Currency Fund Managers into Amateurs ~ forex trading system sample

Within the context of extremely low currency volatility in 2014, negative and flat rates of returns have been the norm for Currency Traders around the world. The Barclays BTOP FX index is down by 4,36% year-to-date as at July 31, 2014 and with the challenging environment expected to continue, the outlook appears to be bleak for traders. Yet, how is it that despite this challenging environment, a simple Methodology continued to generate large rates of returns with signals that have identified high paying trades over the last 5 years of Financial turmoil?

The table below shows the results of trades and setups that have been identified by this Methodology so far this year. The returns assume a very conservative Risk per Trade of 2% on a trading account of US$100,000.

TABLE 1- YEAR-TO-DATE JULY 1, 2014 

Although these setups appeared an average of just twice a month, the size of their targets and the accuracy of the signals were more than able to compensate. Below are a few examples of these setups.

NZD CAD - DAILY CHART

CAD CHF - DAILY CHART 

GBP USD - DAILY CHART

EURO NZD - DAILY & 4H CHARTS

USD CAD - DAILY CHART

Similar opportunities were also provided over the last few years in which the market was affected by the aftermath of the 2008 Financial Crisis. Heightened uncertainty, budget crises, debt crises and extraordinary policy measures still gave the fortunate users of this Methodology strong gains on several occasions. 

EURO USD- DAILY CHART

USD CAD - DAILY CHART

EURO JPY - DAILY CHART

GBP CHF - DAILY CHART

GBP JPY - DAILY CHART

METHODOLOGY

The Methodology is based on identifying High Probability setups across the Currency Market, using only the Daily and 4 Hour Charts. Specific combinations of Japanese Candlestick Formations and Signals were found to provide a consistently high rate of accuracy when used within certain parameters established on these time frames. These charts offer a greater degree of stability relative to the smaller charts, while offering practical Risk-Reward ratios for the average Retail Trading account. 

The main aspects of the strategy involve;

• Identifying Market Direction using Candlestick Patterns;
• Waiting on the Daily & 4 Hour Charts for Entry Signals;
• Aiming for 100-200 Pips per trade;
• Holding Trades for a Pre-determined Holding Period;

Trading is focused on the larger trends of the most liquid currency pairs away from the noise and chaos of the lower time frames. It is a type of Swing Trading system in which trades are held for a few days at a time in contrast to the quick turnover approach of Day Trading. The Methodology also makes use of the Weekly and Monthly Ranges hardly seen in other Swing Trading systems, but which are crucial to entry and exit decisions.


ECONOMIC DATA & STATISTICAL INDICATORS

The use of short-term economic data has been found to be unnecessary for successful trading. In most cases, the net reaction of the market to any major news item will be reflected in the Candlesticks of the larger charts. It is therefore more prudent to simply wait on these signals to provide market direction for the larger and more profitable currency movements. Statistical Indicators are mathematically-based and can be lagging in nature. Experimenting with several of these to find the perfect signal or combination of signals can be a tedious and unrewarding task especially if done on the lower time frames.

TRADE MANUAL

The Methodology has been put together in an extensive 166-Page e-Book that can be used by individuals and professionals seeking to complement or replace their existing trading systems. This manual and the strategy explained will provide;

• New insights that surpass the recycled trading information in free & low-cost books/manuals; 
• Predictable times for entry using the Daily and 4 Hour Charts;
• Actual step-by-step Trade Sheet instructions;
• Practical ways to avoid checking trades before targets are hit;
• Pre-determined exit rules based on each trade setup;
• Weekly & Monthly Ranges not seen in any other strategy;
• The 4H Chart candles to avoid depending on the time of day;
• Spotting the start of Consolidation and False Breakouts;
• Clear Candlestick Patterns that start and end Trends;
• Real examples of each Technical Factor explained;
• A Proven set of parameters built on 10 years of trading and analysis of market patterns;

In addition to this, Subscribers who email the Code at the end of the Trading Manual will receive;

• Trade Setups sent 30 Minutes before Entry;
• Personalized Analysis of Preferred Currency Pairs;
• Excel Sheet Setup for Trade Decisions & Leverage Calculations;

When this Trade Manual is combined with detailed Chart Analysis and interaction provided daily on this site, a real source of Long-Term Income & Wealth awaits.

RECENT EMAIL FROM CLIENT

____________________________________________________

SUBSCRIBE TODAY

____________________________________________________

US$120.00

Free 

 ___________________________________________

Duane Shepherd 

(M.Sc. Economics, B.Sc. Management and Economics)

Currency Analyst/Trader

Contact: shepherdduane@gmail.com

Twitter: @WorldWide876

Facebook: DRFXTRADING 

More info for Methodology Turns Currency Fund Managers into Amateurs ~ forex trading system sample:

Have you traded 10 000 hours yet - forex easy news trader strategy v1.02

Have you traded 10 000 hours yet ~ forex easy news trader strategy v1.02

Author Malcolm Gladwell, in his fascinating bestseller "Outliers: The Story of Success", cites neurological research showing that "10,000 hours of practice is required to achieve the level of mastery associated with being a world-class expert." This seems to apply across many different types of experts, whether they are "writers, ice skaters, concert pianists, chess players ... Even Mozart ... couldnt hit his stride until he had his ten thousand hours in".

Reflecting on my own experience, I have become consistently profitable only after 4 years of actual trading (research alone doesnt count -- real money need to be at risk.) So while the number of hours may not be exactly 10,000, the order of magnitude is about right.

So if your trading has not been profitable, ask yourself this: "Have I traded 10,000 hours yet?"
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KIWI DOLLAR 10 PIPS AWAY FROM SHARP DECLINE - forex trading scalping system

KIWI DOLLAR 10 PIPS AWAY FROM SHARP DECLINE ~ forex trading scalping system

Following a strong False Breakout rally for the Kiwi against the US Dollar, the currency pair has now settled above the Resistance of its Range just 10 Pips away from a major Resistance formed 3 years ago. If this price is hit over the next few days, we are likely to see a sharp decline of several hundred Pips that carries it back inside the Range and possibly even lower over the next few months.

The Daily Chart below shows the False Breakout below the Support of the Range that turned into the sharp rally over the last few weeks.

DAILY CHART

Despite the fact that False Breakouts usually lead to a break at the other end of the Consolidation, the Bull Candles above the Resistance have so far been very weak. This gives us a very small probability of a continued breakout that supports further gains for the Kiwi. One reason for this might be due to the fact that we are very close to a major Resistance that was formed in August of 2011- a major Resistance that has not yet been tested. 

As we can see from the graphs below, this Resistance was formed when the strong 2-year rally came to an end and led to the formation of a large Pennant setup. Any Resistance or Support price formed when a major trend comes to an end is likely to lead to sharp reversals when tested for the first time. Whenever such a test is close to taking place, the market tends to hesitate ahead of this test-partly due its significance and partly because of the growing expectations of the trend reversal to follow.

DAILY CHART

  

 DAILY CHART

 

Assuming that the market will rally to hit this Resistance, let´s see what is likely to take place thereafter. This pullback would take us back inside of the Range where it could continue to oscillate between Support and Resistance, moving by 230 Pips on each occasion.

DAILY CHART

If the Candlestick Signals are strong enough with little volatility, trading within this Range can be very profitable. ABC Signals, Consolidation breaks and Trend Line breaks are possible signals that could provide entry signals inside of this setup.

Alternately, instead of continuing to move inside of the Range, the pullback at Resistance could lead to an even stronger breakout that breaches the Support, the Resistance of the large Pennant and an Uptrend Line. This would take us down to the 0,7900 area of Support over the next few months, as the US Dollar recovers lost ground of over 900 Pips.

DAILY CHART

Trading this breakout would also involve the use of ABC Signals, Consolidation breakouts as well as Counter Trend Line breaks. Trades can be held for a much longer period over the course of weeks or months, with less monitoring required compared to trading within Ranges. 

Under both scenarios, the signals and the corresponding setups given on the Daily and 4 Hour Charts need to be strong and clear enough. Once these are provided and the trade meets the other criteria established to justify entry, consecutive gains will be realized by traders.

RECENT EMAIL FROM CLIENT

___________________________________________________________

SUBSCRIBE TODAY

___________________________________________________________ 

____________________________________________________

SUBSCRIBE TODAY

____________________________________________________

US$120.00

Free 

 ___________________________________________

Duane Shepherd 

(M.Sc. Economics, B.Sc. Management and Economics)

Currency Analyst/Trader

Contact: shepherdduane@gmail.com

Twitter: @WorldWide876

Facebook: DRFXTRADING 

More info for KIWI DOLLAR 10 PIPS AWAY FROM SHARP DECLINE ~ forex trading scalping system: