BANK TRADER REVEALS BREAKOUT STRATEGY - forex currency trading basics

BANK TRADER REVEALS BREAKOUT STRATEGY ~ forex currency trading basics

Hello traders,

Today I would like to show you a technique that is valid for all currency pairs and all time frames (my group in the bank tend to use it mostly on the Daily and Weekly charts to avoid market choppy noise). The name of this strategy is the Breakout, Congestion and Continuation pattern, and it’s a high probability setup given the right circumstances. If you master this technique, you could achieve a 75% to 80% win/loss ratio!

The key concepts are the universal pattern of any currency pair : continuation pattern after a strong momentum breakouts of key Support / Resistance levels, using candlestick formation made by 3 consecutive candles.

Search for the pattern only upon the breakout of a significant horizontal level of support / resistance 

The pattern : You must see a solid breakout candle breaking through the Support / Resistance level

Dont trade if you get "shaky" breakout candles

Trade only when you see one small candle beyond the support / resistance level, then place your stop orders as shown below

Close 50% of the trade at the close of the first continuation candle, then move stoploss to break even.

Finally, close remaining 50% of the trade at the close of the second continuation candle.

There is 75%-80% winning ratio if you follow this strategy. Good luck !

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BANK MANIPULATION TRADING Pro level one to one class in my place to Mr Ravi from Salem India - online forex trading tutorial pdf

BANK MANIPULATION TRADING Pro level one to one class in my place to Mr Ravi from Salem India ~ online forex trading tutorial pdf

I am Started a BANK MANIPULATION TRADING (Pro level) one to one class in my place to Mr. Ravi from (Salem) India.i pray god to shower all his blessings towards him for his successful trading carrier.. by TAMIL

website: http://www.forextamil.com/2014/06/bank-manipulation-trading-course-pro-trader.html

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FOREX ACCOUNT OPENING CONTACT US

Mail : infoqmanager@gmail.com Skype : qmanager.live

Phone : 0091 9003344190 and 0091 9600329983

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Youtube : www.youtube.com/user/senthamizharasuvta

website: www.tradingwithtamil.com and www.forextamil.com

Broker : http://business.evenforex.com/

Tags: Forex training in salem, forex in salem, forex training in salem, salem forex brokers

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BANK FRIEND OR FOE - forex trading books in urdu

BANK FRIEND OR FOE ~ forex trading books in urdu

We are always talking about banks and their calculated careful manipulation of the market, but is the bank really da looming boogie man??????

Yes, it is very true that the banks manipulate the markets making billions off of traders in the process, but it is equally true that the opportunity to make huge windfalls in the market would not exist without the liquidity that the banks provide. 

The banks have turned the forex market into a fairytale of  unlimited wealth and opportunity.  You can live a lifestyle trading that most people only dare to dream about, but dont for a second be under the illusion that they are going to allow you to just waltz in and load up on as much cash as your heart desires.  While there is 4 trillion dollars a day in the forex market give or take, the banks like any other business entity is looking to capitalize on as much of that money as possible.  It just so happens they have more power than most of us to make things happen that put the odds heavily on their side. 

Yes, it is their intention everyday to take your money, but it is up to you if they get it or how much of it they end up with.  In other words the banks are either feeding you or feeding off of you. 

You can never beat them in the market, it is their game and they have the power to make the rules.  The good news is that you can trail them and earn a very very nice living nipping at their heels.

The bank is your friend if you trade with the strength of that power, but it is a breaking force when you trade against that power.  Trade with the force that has the power to move the market, or trade against that power and be crushed, it is your choice.  Remember NO ONE EVER FORCES YOU TO HOLD A BAD TRADE, BUT THE BANKS LOVE IT WHEN YOU DO!! 
 

Whether the bank is Friend or foe is totally left to your interpretation.  Do they feed you or feed off of you?????

YOU CAN DO THIS (^_^)

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THE CATCH AND RELEASE TRADING PROFESSIONAL - forex trading books amazon

THE CATCH AND RELEASE TRADING PROFESSIONAL ~ forex trading books amazon

 

In forex traders get into trouble because they have the wrong mentality.  They trade the "cling and hold method" and it gets them killed in the market.  Trading is a "Catch and Release" game.  Only hold a trade as long as it benefits you, if you catch the wrong trade, kill it like a rattle snake and start over.  

Most traders hold to bad trades for dear life in spite of the danger

 This is the wrong way to trade, if it can kill your account, let it go and look for a better trade.  (Write this somewhere that you can see it while you are trading (KILL IT BEFORE IT KILLS YOU). Only take the trades that you truly want.  That means only investing your hard-earned capital in a trade that is going to reward your patience and hard work. If it is a trick trade, simple cut it and follow market strength.  The sooner you cut it, the quicker you can recover and be on your way to profit.  

This is what most traders dont understand about the market, you only keep what you want and discard what you dont.  Trading is a catch release game............................. It is like going fishing for a Big Mouth Bass and finding a Water Moccasin on the other end of your fishing line; the smart fisherman would release that killer immediately.  Trading is the same way, if you catch a Big Mouth Bass, Salmon, Tuna, or Catfish, keep it.  It will feed you, but if you catch a shark, snake or sting ray, throw it back; it can kill you, and the longer you keep it, the more deadly it becomes.

Anyone can get in on the right side of the trade, but only pros understand the great advantage in cutting the line (a bad trade quickly) if there is poison on the other end.  Most traders let the snake bit into them and hold on hoping that the poison will not kill them.  That is just dumb, I know because I have done it a million and one times and that thinking killed me over and over again in the market.

Cutting a bad trade quickly keeps you in control and puts the power and responsibility for your trading into your own hands, instead of leaving you hopelessly at the hands of a merciless market. The market will either feed you or feed off of you.

Letting go of bad trades gives you the power to follow market strength into profit and build wealth.  Dont worry about taking small hits in the market, it is ok, there have been days that I have taken several hits and started the day off pretty deep in the red, but by the days end I was far ahead.  There are days that I have ended slightly behind, but I felt good about those days because I was trading(catching and releasing), releasing the poison.  Every trade will not be profitable and not every trade will be a home run, but there are the big reward times that the market will open her store house of the sweetest treasures; that is what you are saving, building and preserving your capitol for - those sweet days.

The biggest accomplishment in my trading is letting go of bad trades quickly.  It took me forever to fully comprehend the wealth building power at my disposal just from that one little secret alone.  Cling to the good, but discard the bad quickly.  Slow movement on your part could be deadly to your account.

Dont be afraid to let go, the wealth is there when you have the power to follow it, and it will reward your consistent discipline with a better lifestyle......

YOU CAN DO THIS (^_^)

 Real trading is about how well you handle the Rattle Snake, everything else is gambling.........

    













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HIGH PROBABILITY DIVERGENCE SETUPS - basics about forex trading

HIGH PROBABILITY DIVERGENCE SETUPS ~ basics about forex trading

Welcome to the second part where I am explaining how you can use divergence with some tips and tricks I have learnt over the years to pinpoint market turning points with high accuracy. 

In the part 1 (price swing prediction) we discussed standard divergence and what to look for with your preferred indicator to spot this setup. Now its time to dig a little further and see how deep the rabbit hole goes! 

High Probability Divergence Setups!

Through years of trial and error I have discovered what works and what does not. Divergence by itself is a bit hit and miss, you never really know if the divergence will play ball or not. This is probably why many traders give it a try then decide to leave it for something supposedly better. Sadly, they didnt know how close they were to the pot of gold!

By combining divergence with some simple price action tools we can turn that hit and miss setup into a very accurate entry technique.

Before we go into these tools, let me show you my absolute favourite type of divergence. I call it the DTD & DBT (double top divergence / double bottom divergence). This type of divergence has pinpointed trend reversals more times than I can remember. All you are looking for is a double top or double bottom in price then for your preferred indicator to also show strong divergence. 

Below is an example of a DBD on the GBPUSD 4H chart, this setup captured a 700 pip trend reversal! In all examples below I am using RSI indicator set to 6 for divergence.

I know what youre thinking, that was cherry picked and just a one off right? Wrong, these setups happen all the time across all pairs, in fact lets take a look what happened at the end of the 700 pip move shown above.

Yep you guessed it another DTD which again captured a trend reversal of almost 900 pips!

The reason DTD and DBD setups are so powerful is because they combine confluence of support or resistance into the setup. In order to have similar success with standard divergence you will need to be extra picky about the setups you choose. Look for setups that happen as price is coming up against strong areas of support or resistance.

Timing Your Entries!

Entrys can be tough because most entry techniques are lagging and therefore get you into the move late eating into your potential profits. But dont worry, I am going to show two price action entry techniques I use all the time with astonishing success trading divergence setups.

Once I have a DTD/DBD or standard divergence with strong confluence I start watching price action at the close of each new candle. I am waiting for one of the two candle formations below to clearly appear. 

Once the candle formation forms and the candle has closed (very important) I enter at market with stops above/below the candle formation.

If you take another look at the two setups above on the GBPUSD you will see that both setups triggered with an engulfing candle formation! A fluke? Nope, this happens all the time :-)

Ok, so thats part two of this mini divergence course over and done with hopefully it has provided you with some new tools to add to your trading toolbox. Remember, the key to success is to be picky, wait for strong confluence to line up or better still a DTD/DBD setup.

We are not done yet though,  Follow me over the next few days for more awesome divergence tips and tricks.
Have fun & good trading!

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