At the same time, place a Sell limit at 1. Aussehen der Flaggen im Handel Forex Trading. Sent from and sold by Amazon.
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In the picture 10 pips forex trading system in action. Place a Take Profit of 10 pips more than the Stop Loss. With the positions hedged at these important levels, it doesn't matter which side of. As long as one side hits your Take profit, you get 10 pips Are you even excited about it yet?
We will use the above chart. Buy Stop order was place at 1. At the same time, place a Sell limit at 1. Assuming no spread for easy calculations. You can add in spread to the Profit target.
After you set the above orders, you may turn off the computer and check back at the. This was what happened The above scenario gave us pips from our Sell Limit but thats not what Hedge You may use more pairs for more profits.
Now before you start thinking about your million dollars, there are some risks using. There will be times when you will experience a whip-saw, meaning you get stopped. Manually back testing the last. Another risk is Brokers' risk. Once your Broker discovers what you are doing. This won't guarantee 50 pips a day. It takes a lot more knowledge of the Forex market than is presented in the book.
I'm averaging 30 pips a day with technical analysis, understanding candle patterns and reversal patterns.
This has been my foundation. It is not easy making money in Forex but it is easier once you have solid understanding of the many facets involved. I've had some experience of trading and done OK but I have struggled to find a proper strategy.
What I like about this book is the concise way it is written. I have yet to put this strategy into action to see if it works for me but I am keen to do so. I think it will help me getting the trade entry point better placed so have more successful trades.
Some folks point out the authors first language is not English, but there are very few typos or confusing sentences. I found it easy to read and understand. I read this primarily as it was free so what to lose but I have since purchased a couple of other books by this author and founs them very helpful. One person found this helpful. Bought this having not even looked at a chart for over a year. Have learnt a lot of basics previously from a full time trader but want to reinforce my knowledge to make sure I fully understand price action before I start trading again.
Previously was using various strategies with too many indicators - just want to understand price action and make decisions more or less on that alone. This book was great for what I wanted and I will definitely be buying the others. Spelling and grammar errors normally annoy me, but this isn't a novel, it's about getting relevant information across.
There are not that many anyway and it didn't stop me understanding anything. Yes, on a Kindle the diagrams are a bit small and you don't have the colour, but at the end of the book it says you can send for the PDF anyway to print out so I don't see it as an issue. Would recommend for beginners and as a back-to-basics refresher for the more advanced. There is nothing particularly exciting in here or any of Laurentiu Damir's books, no claims of a holy grail or short cut, and no indicators with complex names or in fact any indicators except MAs or promises of riches, so anyone looking for that mirage should go somewhere else - there is in each book a simple self-contained system that can be practiced immediately.
They are all excellent, and even though my trading system is already remarkably similar to these, I learned some new things and have many new suggestions to think about. An excellent introduction on how to start constructing a strategy for effective FOREX trading for the novice much like myself. This book really comes into it's own when combined with Laurentiu's other publications.
This is only really an overview, you need to get his other books to get some proper detail. The best thing about Laurentiu's books is their price, as they kick the trend of having to pay often extortionate prices for yet to be proved advice from some other online 'experts'. As a beginner, and after just reading a couple of apps' worth of info, I saw your book here, and it appealed. Not least because of the measured, sensible approach that was a longer time-frame. I found, despite English not being the author's first language, and in spite of his gracious apology concerning language at the end of the book, that it was very well written and to-the-point - clear and concise and very helpful.
The tenor of the language reflects the same level-headed articulation of the principles, and made it enjoyable. The system uses smart money managment and. We are taking advantage of the. Asian session opening at around 7: The rules of this system are simple, and managing trades,. The only tricky part is using your knowledge to set. Let me introduce you to the 3 simple steps below. This trading system involves 3 simple steps. Get ready around 6: Identify your entry levels.
Place 6 limit orders. The Strategy Step by step: Share your opinion, can help everyone to understand the forex strategy. Tibor Wednesday, 12 March I can make an automated system if this does work. Have anyone cheked it deep enough? Peter Tuesday, 15 July Hi it works good What about the other three orders which are not executed , shall i delete them at 6 pm EST time?
Riz Friday, 03 October In theory it sounds good, but what if all 3 orders are activated but none reach the TP point but instead reached the SL? That's one shot 75 pips gone. Ty Monday, 20 October