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Old 13-01-2015, 04:25
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fxearlywarning fxearlywarning is offline
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Join Date: Apr 2010
Posts: 140
Default A Complete Trading System for 28 Pairs

System Description:

1. Know the direction of the primary trend of a currency pair, you can use these simple simple exponential moving averages you can get free on forexearlywarning.com

To determine this every day you review 28 currency pairs across various time frames with these simple trend indicators, by groups, i.e, USD pairs, EUR pairs, CHF pairs, JPY pairs, etc.


2. Then I set price alert on your trade platform at critical support and resistance areas, usually S1 or R1 and check the larger time frames for pip potential using the same indicators.

3. I monitor the news calendar for volatile news announcements, I use the one at forexfactory.com.


4. When the price alarms go off and the volatile news items hit, and generally after the London market open, I check The Forex Heatmap for entry verification. Only enter trades fully verified by the heatmap using currency strength and weakness.


This method works for very well for hundreds of traders in our community because you analyze the market thoroughly once per day and use almost no technical indicators, just simple trend indicators and entry verification using a real time visual map of the spot forex.

Scale out lots on profitable trades and move stops to break even, let it ride on the trend. This is simple but it is a complete method. You will see it works almost daily after some demo trading.

Good Trading
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