System is mainly a trend-momentum following system designed for trading forex forex powerful support resistance system. The methods used with this system are powerful and effective.
A style of trading that attempts to capture gains in a stock within one to four days. Swing traders use technical analysis to look for stocks with short-term price momentum. In stock market, these traders aren’t interested in the fundamental or intrinsic value of stocks, but rather in their price trends and patterns. The system is also equipped with powerful support and resistance indicators that we’ll be using to place stop loss and targets. This indicator will also be used for trend reversal alerts generated by Divergence signals. This indicator works as a trend indicator that shows the direction of the trend, and also works as a trend power detector that allows you to know if the trend is powerful enough or not. The First indicator shows the most powerful support and resistance LEVELS.
We’re going to use this indicator for stops and targets. The second indicator shows major support and resistance AREAS. This indicator will be used mainly for Targets. It provides visual confirmation for the rest of indicators used to identify the major trend.
This entry was posted in Best Forex Trading Systems. We’ll assume you’re ok with this, but you can opt-out if you wish. But instead, it gives you the chance to trade on powerful support and resistance levels as well. And this is how professional trades work.
This is the main trend, or the main direction of price at the moment. This is where supply and demand in the past was. These key points are VERY important. This is where future supply and demand is predicted to take palace. And the red lines below it are support lines. This is how we are going to set our Targets.
On the upper left corner of the screen you will find this instruction area. SELL signal with entry Point and Stop loss level. This area is the last point we are going to check before we trade. This trading mode is for beginners. Use the Daily Chart to know the major trend of the currency pair. Move to any smaller time frame, that shows the same trend direction.
Follow the instructions on the screen for Entry and Stop loss. If the Stop loss was too big for your account size, simply move to smaller time frames. I would suggest 15 Minutes chart for mini accounts. AVOID trading during important news releases ! Stay out and choose another pair. Trade the system on a demo account for at least 2 weeks before going live. Use Trailing Stops to lock your profits.