Forex For Profits Truth About Forex Trends
Trading is all about stacking the odds in your favor. The best way to stack the odds in your favor is to trade with the trend. Trend is like the direction of the water flowing in a river. Can you swim against the direction of the water flow in the river? Not for long. In the same manner, if you try to trade against the trend, you will get blown away pretty soon. This is waht the savvy traders do, they find the direction of the trend and then trade in that direction. Download the Truth About Forex Trends PDF. It will show you how to differentiate between a trending market and a ranging market and how to discover the direction of the trend in the market.
Forex For Profits 3 Powerful Price Bar Patterns
These 3 Powerful Price Bar Patterns are Todd Mitchell’s favorite. Todd loves to trade these 3 powerful price bar patterns. In his FREE video, Todd will teach you step by step how to trade these 3 powerful price bar patterns and profit massively. Plus he will give you his secret little known forex strategy called the Buy OVB Outside Vertical Bar Strategy and the Sell OVB Outside Vertical Bar Strategy. This little known forex strategy that is being given FREE by Todd Mitchell will definitely get you excited. These 3 powerful price patterns are:
Bullish Outside Vertical Bar (BUOVB)/Bullish Engulfing
Bearish Outside Vertical Bar (BEOVB)/ Bearish Engulfing
Inside Vertical Bar (IVB)/ Bullish Harami
Inside Vertical Bar (IVB)/ Bearish Harami
Bullish Blow-Off Bar (BUBOB)/ Hammer
Bearish Blow-Off Bar (BEBOB)/ Shooting Star
Forex For Profits Position Sizing Strategy
Money management and trade sizing is what makes a successful trader from an unsuccessful trader. What most traders do make money in a few trades then lose that money in the next few trades. What you need a solid money management and position sizing strategy that can help you make a consistent profit even in case you make a few losing trades. If you a a good money management and position sizing system and an average strategy, you will still make money and if you have a good money management and position sizing system and a good forex strategy, you will be making real money. After watching the video, you can download Todd Mitchell’s Forex For Profits Position Sizing Strategy PDF plus Forex For Profits Position Sizing Calculator
THING TO TAKE NOTES
1. Know the trend in Higher TF and trade only in that direction until it's die
2. Wait for pullback on Higher TF (the clue is In Uptrend - price stop making new high & In Down Trend price stop making new low); then look at Trading TF for 3 Powerfull Patterns.
3. Stick with money management and position size calculator.
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