asiaforexmentor Posted June 11, 2012 Share Posted June 11, 2012 Forex Secret Trading: The Super Power Forex Trading Secrets. FOREX SECRET TRADING. A lot of new traders are always looking for forex secrets | forex secret trading | forex trading secrets. They always think that there must be a secret out there which they do not know of. True enough, the so called “Forex Secret” lies in the forex trading system. But that’s not the topic i’m going to touch on today. Today i’m going to touch on a “Forex Secret Trading Strategy”. This forex secret trading strategy or should i say: Price action setup is one of my most reliable and delivers great consistent result. Forex Secret Trading: The Super Power Forex Trading Secrets As seen in the chart above (highlighted blue box) It’s a Double Pin Bar. If you already know. A price action single pin bar is already powerful enough. But when it forms a double pin bar. Bang! The magic happens. And in combination with the direction of the trend. (Very Important) As you can see in the chart above, its currently in a down trend. = PROFITS Forex Secret Trading: The Super Power Forex Trading Secrets The double pin bar is a very powerful entry signal. And of course when combine with confluence – It increases the winning probability. I can totally rely on this price action setup alone and make good profits every month. This is one of my Forex Secret Trading Strategy which i really like. Go ahead and play around with it. Check out our online forex trading AFM winning Forex Price Action Forex Course where i teach you the exact FULL Forex Trading Strategies | system (Forex Secret Trading Strategies) that i personally use to be consistently profitable. See you on the other side my friend, Ezekiel Chew Asia's #1 Forex Mentor Quote Link to comment Share on other sites More sharing options...
ganthiraj Posted June 11, 2012 Share Posted June 11, 2012 Forex Strategies: Picking the Right Entry Forex Strategies In the chart above – Forex trading pair: Gbp Usd We can see that on the left hand side of the chart, the pair is making a down trend. However when it hit the bottom and started making “Higher Highs and Higher Lows” (marked by the pink circles). It is an indication that the trend has possibly changed into a uptrend. And you can see that price is making a channel upwards (marked by the red lines) Therefore in this scenario. Most newbies will still presume that the trend is down, but however with our knowledge gathered above. We know that the trend is changing and is possibly making it’s way up. Therefore we will now take trades that are going UP and not trades that are going DOWN. As taking trades that are going down would mean that we are trading against the trend. Forex Strategies: Picking the Right Entry So at the final circle that i marked on the right hand side. It indicates a possibly good entry for us to enter long. Forex Strategies Reason 1 – It is in an uptrend Forex Strategies Reason 2 – It is at the bottom of the channel Forex Strategies Reason 3 – There is a price action – bullish outside bar which indicates a bullish movement up. Therefore, it will make sense to us to take this trade and it has a winning probability of higher than 50% with the reasons backing the trade. Lets look at what happened next. Forex Strategies: Picking the Right Entry Price indeed made its way up to the top of the channel and beyond. In fact it went all the way up to the 150 moving average. So what you can learn from this simple trade example is: - How to determine a trend change - Drawing channels - Entering at the low of the channel with price action entry - Taking your final profits at the top of the channel. So in this scenario even though that it went beyond the top of the channel and to the 150 moving. We will still only take profits at the top of the channel as we do not know that if once price eventually hit the top of the channel – Will it turn back down? or head further up? So that is a question mark and when we trade we do not want to take the risk of earning more profits BUT to eventually lose it all. I hope you have gain something from this quick forex strategies trade example, Check out our AFM winning Price ActionForex Course where i teach you the exact FULL Forex Trading System that i personally use to be consistently profitable. Quote Link to comment Share on other sites More sharing options...
Tariq777 Posted June 12, 2012 Share Posted June 12, 2012 Wow that sounds like a cool strategy and I'm surely gonna check this out!. I'll use it on my other accounts Quote Link to comment Share on other sites More sharing options...
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