One More Zero - Advanced Forex Breakouts PDF
Preview One More Zero - Advanced Forex Breakouts
Advanced Forex Breakouts Welcome Welcome friend to this premier series of presentations on those aspects of trading the forex that should be of paramount interest to you. I have been with the forex since its inception. I am going to share with you my very best gems and pearls of wisdom. Agenda Trendlines The Top Guns Quick Trades Recurring Patterns Agenda I am focussing on these four topics because I believe them to be strategic to your success as a forex trader. There’s something in here for everybody. Trendlines The Top Guns Quick Trades Recurring Patterns In Sum So friend, strap in and listen up closely for you are in for one heck of a ride. This is no BS, no holds barred stuff that you won’t find anywhere else. I can’t tell you the number of tribes I befriended and the number of mountains I climbed to get the information I am about to share with you. In Sum Put your ego in your hip pocket and forget everything you have learned from other sources. At the conclusion of this four-part series, you will know enough to be dangerous with your forex trading. Above all else, always practice good risk management discipline. Trendlines There is only one person I know of on this planet who can draw trendlines correctly. I will show you his technique in this presentation. The purpose of drawing trendlines in the first place is to identify when a trend is changing and how far price will go in the other direction. My Objectives To show you how to draw trendlines correctly. To show you what to look for when price breaks through a trendline. To show you how to prove that the break is convincing. To show you how far price will travel in the other direction. Courtesy Books.Google.ca How to Draw Trendlines (a la Tom DeMark) Any Timeframe In an uptrend, connect the latest cycle low to the last cycle low, which must be lower than the first one, drawing from right to left. In either case, look for price to penetrate the trendline (down) in an uptrend, up in a downtrend (2 or 3 closes to be sure). In a downtrend, connect the latest cycle high to the last cycle high, which must be higher than the first one, drawing from right to left.
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