A SIMPLE TRADING SYSTEM

A SIMPLE TRADING SYSTEM

10 August 2016, 11:24
Daniel Stein
31
7 311

The tools we are talking about are FX TrendFX Power and Lighthouse 

If you like to use an automated trade management you can add the Powerplay Trade Manager as well

 

HOW TO TRADE WITH THE BLUEBALL TRADING TOOLS ?

(Read this in chinesegermanportugueserussian and spanish)

 

Let me explain it in an example chart.


1.) You'll see that the trends on AUDUSD are in line from M1 - D1 

2.) You'll see that the strength delta between AUD and USD increases

3.) You'll see that the price struggles at the red resistance level cluster but once it's gone through it's a clear BUY


AUDUSD

 

You don't need to wait for any arrows because they are just orientation marks.

It's based on three simple rules:

1. If the trends are in line

2. the strength momentum is given and

3. there are no support and resistance levels directly in front of your planned trade

you can go for it

 

If the next support and resistance levels are far away you can use them as profit targets.

 

And that's how it looks after this breakout 

AUDUSD2 


GENERAL TRADING TIPS

1. Check if there are any upcoming high impact news events for your currency pair.

    Common sources are the economic calendars of forexfactory.com anddailyfx.com

2. Especially in the beginning i recommend to stay with the major USD pairs like EURUSD, USDCAD, AUDUSD, etc.

    If you trade cross pairs like GBPAUD you have to check GBPUSD and AUDUSD as well.

3. Discipline and patience is the key to success! 2-3 profitable trades per day is more than enough. 

 

You want to see more trading examples? Follow this link to get dozens of trading charts

 

Don't hesitate to contact us if you like to get further assistance.

 

Best regards 

Daniel 





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