Let me introduce to you
this The World’s Simplest “1-2-3 Forex Secret” You don’t need
to be a Forex guru to use this system. The main principle of the
“1-2-3 Forex Secret” is support/resistance and trend! Support and
resistance are psychological phenomenon that are the result of masses
of traders participating in the markets. At some points of time and
price, crowds of traders act as one and pushes prices upwards or
downwards to the same price level, thus allowing us to profit from
these movements. Trend: We believe that trends are the force behind
the market and that it is the source of all giant trading profits.
Therefore we aim at catching trends using our trading formula.
The System 1-2-3 Forex
Secrets
Time
frame 5 min, 14 min 15 min, 30 min, 60 min.
Currency
pairs: majors.
The system will work on
many Forex pairs and many major Stocks. The rules to this super easy system are simple – 2
steps only! The only tricky part is bringing your
knowledge of how to draw the lines onto your chart. Let me introduce to you
to the 3 simple steps below. Then I’ll take
you through some worked examples in order to
illustrate just how easy this system is.
This trading system
involves 4 simple steps.
1. Identify a current
trend
2. Identify 2 signals
3. Place your trade
4. Manage your trade
later..
SETUP
1. Identify a current
trend.
Let’s take an example
when a trend is down. (The opposite rules for the an up trend…)
2. Draw a trend line (
built-in tool in any trading platform). Trend line must be based on 3
points.
3. Now wait for the price
to breakout of your trendline. This is your Signal 1.
4. As soon as a trend
line breakout occurred – identify the last “high” of your trend
- strong resistance level:
5. Now draw a horizontal
line at that point (the last high) – point 2 on the picture below:
6. Now the horizontal
line at point 2 level became your entry point. Just wait for the
price to hit point2 + 1 pip and
instantly place a trade (entry). Point 2 is a very strong signal –
we are getting a double confirmed signal
to enter a trade: Trend line breakout + 1 st resistance level
breakout.
Check history charts –
this simple system is ultra profitable.
Stop loss
Place your stop loss
order 1 pip below a previous candle ( the one before your entry
candle )
Take profit
Take profit: Trends are
the strongest level of the market – usually, when a trend reverses
– you can expect a significant move
in the first minutes or hours… 20-100 pips will be yours almost
every trade. There are a few
options of when to exit your trade:
a. Set your own target (
example 20 pips )
b. Use a trailing stop to
exit ( max profit )
c. Exit near strong
resistance levels (not recommended for beginners)
1 - Trend line breakout
2 - The closest
resistance level - the last “high” of the trend.
3 - Entry point (1 pip
above point 3)
4 - Stop loss point (1
pip below the previous candle)
In pictures
below 1-2-3 pattern indicator metatrader 4.
Below the link for
download 1-2-3 pattern Metatrader 4 Indicator:
https://drive.google.com/file/d/0Bwjv2Pbf48itQXJGdGY2S1llX28/view?usp=sharing
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