Simple system forex factory

Simple system forex factory

By: omeh2003 Date of post: 13.07.2017

This manual trading system is made of the global advancements in Forex trading and will be very profitable for you.

This trading method will revolutionize how you trade, forever. The Breakout Trend Trading Simple System is color coded trading and is the easiest and least stressful trading you will ever do.

Now trading can be fun, as it should be! In order to achieve good results you must read AND FOLLOW THE MAJOR RULES BELOW! I look every Sunday to plan my trading week. Any red economic news events in my timezone can be traded in a 1 minute or 5 minute chart. Of course not every trade will be profitable, there is no holy grail in Forex. Losing trades will be closed by your trailing stop loss automatically but by the end of the month a good profit is sure to be yours. Here is a screen shot that illustrates the profile setup with the Advanced indicators but without the bonus indicators:.

When you are looking at a currency pair to trade , you first look at the top 1 or 4 hr chart to determine the major trend.. I use a faster chart for better entries into a slower chart. At the far right is a dotted white vertical line that follows the price…. I only use a 5 min chart to trade news events …. This screenshot shows you the Fibo Heat Map and the Triangle Breakout Advanced indicators as well as the bonus indicators.

The Triangle Breakout indicator , which gives you triangle support and resistance and your short term buy or sell targets , works great in conjunction with the fib lines.

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The heat map which is the red sell zone and the blue buy zone and the fib lines are automatically drawn by the indicator and adjust as the price changes when it hits a new high or low. Price often hits the Your target can be those fib lines especially if the triangle targets are close. The Auto Fibo Heat Map will automatically plot all your fib lines…you just need to learn how to use them for price targets.

You should also learn how to use the fib lines for trading retracements.

Fibonacci analysis is a LEADING INDICATOR. What this means is that you can use the fib levels to determine the probable turning points in the market before the price gets there! This means that it predicts future price movements rather than analyzing past movements oraverages.

The future is what we need to know when we are trading, so this gives this method anadvantage over other chart analysis systems from the get go.

Fibonacci retracements or extension targets offer a high degree of precision and may be used as leading indicators. Fibonacci levels become a self fulfilling prophecy because so many traders are reacting to them. Here is a screenshot with the AutoFib Heat Map and Triangle targets. The triangle target is even higher, just below 1.

Resistance is the upper congestion hot pink line and the triangle target is right on it. The red zone is overbought territory so caution is advised when trading long. The blue zone is oversold territory so caution is advised when trading short. Trading when in a red zone means that you want to sell at the top.

simple system forex factory

Trading in a blue zone means that you want to buy at the bottom. Below is a screenshot of how I set up my 4 charts so I can trade the retracements. I use a 15 min chart for best entries and exits when trading the 4 hr chart. I use a 5 min chart for best entries and exits when trading the 1 hr chart. This was after a mid-day U. The 5 min chart has re-adjusted the fibo red zone to reflect the new higher price.

We can see the 15 min chart doing the retracement and the best entry and exit was in the 5 min chart. When you see the price and indicators in the 15 min chart start to signal buy again , you can jump in long to see where the top is.

The Fibo Heat Map in the 4 hr chart will be increased upwards and when the red dot finally appears, then exit all long trades.

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You could have place a pending buy order at the This is the predictive power of using fib levels in action! At this point you could place a market sell order with your target at the triangle target of 1. If you practice this style of trading , you could do very well. For traders that have to go to a J. Please practice proper money management! Grow your account slowly and safely.

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