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Forex Trading "With ALL the Odds" (in your favour)
(See how a trader who is new to the system generated winning trades in a row after only 1 week of learning and trading this system below)Many people enter FOREX trading with the hope and wish to become financially secure by trading the Forex market for a few hours a day online from home. There are a few good examples of successful traders, but sadly for every successful trader there are sometimes hundreds of traders that fail. One of the reasons for this is that traders cannot deal well with losing trades and have not found a reliable trading system.That is why it is so important to find a trading system with a very high success rate. The sad reality however is that systems that achieve a high success rate unfortunately trade with HUGE stops or even no stops. Many traders use these systems successfully but sooner or later the market does what the market does and wipes out all or most of their accounts. That is a sad reality of trading.Other systems that provide high success rates give so few trading opportunities that traders become bored waiting for a setup to arise. In my early Forex trading days I use a successful short term Forex trading technique which I developed and kept very much to myself. Forex opportunities have improved considerably since then for this technique. It is a technique that allowed me quick, highly successful, deals with good risk control (stops of 14 pips). It is a technique that takes a lot of concentration (2 to 4 hours a day) and requires one to watch the screen all of that time. To give you an idea most deals go positive in less than a minute and closeout positively within 5 to 10 minutes. The advantage is that there are a good number of trading opportunities allowing one to enter 10 to 20 deals during that 2 to 4 hour period (a day).
Why is the "With ALL the Odds" system so successful?1. I use 3 separate correlated Forex crosses which are almost +90% correlated. How this helps me is that I only trade when all 3 are trending in the same direction or about to trend in the same direction. It is sometimes difficult to find the trend on a single currency but if you are using 3 highly correlated but somewhat independent currencies at the same time you are assured of being with the trend.2. I look for the trend on 3 time scales. That means that when I enter a trade it is aligned with the trend of 3 correlated currencies and 3 timescales – 9 confirmations of the direction.3. I only trade 1 currency which has a constantly low spread (This low spread is available to anybody with a $100 account). Many times (and you will experience this) the deal registers on the dealing station positively the moment I enter the deal. What a feeling that is.4. I use 3 very simple indicators of trend – Trendlines, moving averages and the RSI momentum indicator. These allow me to see the status of the market of the 9 charts I trade in one glance and allow me to see trading opportunities in seconds. Trading opportunities are therefore identified in terms of support and resistance, momentum and market phases (trending or consolidating) very simply and quickly.5. The big difference – I use volume information to make trading decisions. In fact the volume levels, second by second, is the over riding factor whether a deal is entered into or not. Volume is by far the best leading indicator in the Forex market. Volume changes dramatically 30 seconds to a minute before a price movement and that’s all the time you have to make a trading decision using this great leading indicator.6. The system is best traded during 4 to 6 particular hours of the day – the rest of the time it is less effective and can only be traded using longer time span charts. These times are basically the 1st 6 hours of the Tokyo market when there are mainly no major announcements impacting the currency traded and the price is mainly volume (order) driven . Some traders use the afternoon session of the US market where there are also no major announcements and trading is less