Can You Find Out The Strategy Behind These Charts?challenge To Smart Members (correction=post meant for juniors only, seniors excluded,but most welcome if they have freetime to spare willingly.please dont misunderstand)
--------------------------------------------------------------------------
Gents,
sometimes you have a trading strategy ready in front of you.
you need to see the chart,
figure out how and why the buy or sell signal is given
and write your commentary and post here.
Now I think horses which came so fast forward, will go backwards!!!!!!!!!!!!!
why?
because,nobody wants to think.
people prefer to keep their brain idle.
you want the proof?
wait a week and see the reply to this post then you will agree.
may be not on this forum
challenge round
===========================
4 charts
http://www.fastforexprofits.com/fx-ex-1.jpg
http://www.fastforexprofits.com/fx-ex-2.jpg
http://www.fastforexprofits.com/fx-ex-3.jpg
http://www.fastforexprofits.com/fx-ex-4.jpg
===================================
Hint
Here's how it works...
STEP 1: Look for a certain 'fool-proof' set-up on the MACD indicator. When this occurs you will have an early warning for the new direction of the market. At times this will get you into a trade way before the rest of the herd. (Hint: We are not simply waiting for the MACD to go above the zero line to buy)
The first step is designed to tell you if you should be a buyer or seller in the market This will put an end once and for all trying to figure out which way the trend is going.
STEP 2: Next we are going to look for a specific shape of a Japanese candlestick bar.(This is referred to as our 'Setup Bar')
This is a bar that is not talked about by traders as it is considered a non-event. They dismiss it as having no significance, but that is a big mistake because...
This candle-stick often precedes explosive moves and significant turning points in the markets. The kinds that can potentially lead to very healthy returns in your trading account. Don't worry if you know nothing about Japanese candlesticks as I will teach you everything you need to know in 10 minutes.
STEP 3: All there is left to do is look for a 'no-brainer' confirmation signal. This gives you the green light to jump in and take the trade.
STEP 4: Place a protective stop-loss order in the market.
STEP 5: Use one of the 3 exit strategies taught in you manual to milk the trade for maximum potential profits
---------------------------------------------------------------------
Find out the hidden clues
what is the set up bar?
at what condition,the buy or sell signal is picked up?
can you use this to trade stocks?
--------------------------------------------------------------------------
Gents,
sometimes you have a trading strategy ready in front of you.
you need to see the chart,
figure out how and why the buy or sell signal is given
and write your commentary and post here.
Now I think horses which came so fast forward, will go backwards!!!!!!!!!!!!!
why?
because,nobody wants to think.
people prefer to keep their brain idle.
you want the proof?
wait a week and see the reply to this post then you will agree.
may be not on this forum
challenge round
===========================
4 charts
http://www.fastforexprofits.com/fx-ex-1.jpg
http://www.fastforexprofits.com/fx-ex-2.jpg
http://www.fastforexprofits.com/fx-ex-3.jpg
http://www.fastforexprofits.com/fx-ex-4.jpg
===================================
Hint
Here's how it works...
STEP 1: Look for a certain 'fool-proof' set-up on the MACD indicator. When this occurs you will have an early warning for the new direction of the market. At times this will get you into a trade way before the rest of the herd. (Hint: We are not simply waiting for the MACD to go above the zero line to buy)
The first step is designed to tell you if you should be a buyer or seller in the market This will put an end once and for all trying to figure out which way the trend is going.
STEP 2: Next we are going to look for a specific shape of a Japanese candlestick bar.(This is referred to as our 'Setup Bar')
This is a bar that is not talked about by traders as it is considered a non-event. They dismiss it as having no significance, but that is a big mistake because...
This candle-stick often precedes explosive moves and significant turning points in the markets. The kinds that can potentially lead to very healthy returns in your trading account. Don't worry if you know nothing about Japanese candlesticks as I will teach you everything you need to know in 10 minutes.
STEP 3: All there is left to do is look for a 'no-brainer' confirmation signal. This gives you the green light to jump in and take the trade.
STEP 4: Place a protective stop-loss order in the market.
STEP 5: Use one of the 3 exit strategies taught in you manual to milk the trade for maximum potential profits
---------------------------------------------------------------------
Find out the hidden clues
what is the set up bar?
at what condition,the buy or sell signal is picked up?
can you use this to trade stocks?
Last edited: