forex coaching - master currency trading
TRANSCRIPT
Forex made easy!
Who said trading Forex is complicated??
High quality yet extremely affordable Forex coaching.http://ecurrencytradinginfo.com/forex-coaching
Let’s look at the EUR AUD trade that we entered on Feb 24th, 2011.
• We begin by trying to analyze the market as best as we can using Elliott Wave theory.
• We look for a familiar pattern, something that we can work with.
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Oh, we have something...Feb 9th, 2011
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• We observe an impulsive wave up.• It is followed by a move down.• We think that it is logical that the impulsive
wave up will be followed by a corrective move down.
• Based on Elliott Wave theory, a correction is usually made of 3 waves. A, B and C.
• We mark it on the chart.
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Just because we expect it and draw it on our charts does not mean that it will surely happen.
This is where patience and strategy play a major role.
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We look at many different pairs and do the same with many of them.
Almost all possible pairs are analyzed, especially the ones with clear and recognizable patterns.
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Now comes the difficult part –
WAITING!High quality yet extremely affordable Forex coaching.
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In this case we had to wait for almost 2 weeks!
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Feb 23rd, 2011
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Price is where we thought that it should get to...
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...and it got there exactly in the way that we expected it to!
Correctivelyin 3 sub-waves.
This is significant to us.High quality yet extremely affordable Forex coaching.
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We can soon take action...
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Feb 24th, 2011
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Price begins to go down.
An alert is sent out through our alert system,
get ready – but no entry yet.
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A few hours later...
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Now we have an entry,our indicators confirm.
Another alert is sent out to our members.
Sell EUR / AUD.
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We place our stop loss at 1.3890
We risk 3% of our account’s balance.
High quality yet extremely affordable Forex coaching.http://ecurrencytradinginfo.com/forex-coaching
Friday, Feb 25th, 2011Market closes.
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So far so good.
By this point we have moved our stop loss to 1.3800 and closed a
half of our position.
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What have we achieved?
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• We are in a trade.• We already have more profit than risk on a
half of our position – which means that no matter where price goes to, we can not lose!
• In other words, we are in a 100% risk free trade.
• Every trader’s dream!High quality yet extremely affordable Forex coaching.
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We expect price to go to 1.3210.
Our indicators and strategy will help us make an exit and a new
long entry for the EUR/AUD.
High quality yet extremely affordable Forex coaching.http://ecurrencytradinginfo.com/forex-coaching
Want to turn your Forex trading into a profitable business?
Allow me to coach you right into excellence.
Get 2 hours of One-On-One coaching just for trying.
High quality yet extremely affordable Forex coaching.http://ecurrencytradinginfo.com/forex-coaching
Not sure yet?-Take three full days without any risk
to decide whether my ForexCoaching is right for you.
For more info visit my website at: www.ecurrencytradinginfo.com
Thanks,Ruben Topaz.
Active Forex trader and a coach.
High quality yet extremely affordable Forex coaching.http://ecurrencytradinginfo.com/forex-coaching
~END~
High quality yet extremely affordable Forex coaching.www.ecurrencytradinginfo.com