I will teach you how to successfully trade a system with a 400 year track record that can be used to trade any forex currency pair, metal, stock or index.
Learn how the less is more approach leads to success in the Forex Market!
THE FOREX MARKET IS DRIVEN BY TWO THINGS: FEAR AND GREED.
WHEN THE MARKET IS TRENDING INVESTORS ARE DRIVEN BY GREED.
WHEN TRENDS ARE EHAUSTED INVESTORS ARE DRIVEN BY FEAR.
When I realized this simple fact my trading changed forever,
My system signals when GREED is being replaced by FEAR and vice versa with incredible accuracy.
One of the most important features of this system is its simplicity.
Learn to Trade what the market is telling you!
Each trade is unique and I will show you how to place your Stop and take Profit based on what the market is telling you.
Trading with Price Action is the only way to be profitable consistently month after month
Are you a trader used to spending hours in front the charts everyday looking for trades and then nervously watching them, usually closing them either too early and leaving profits on the table or having them reverse and hit your Stop Loss.
I will show you how you can make more money and spend just a few minutes a day looking at your charts!
Like most people I entered the Forex market lured by quick profits and the dream of retiring early to an island paradise.
OK the first $5000 account was blown using well known robots. These usually have huge Stops and small Take Profits. There are hundreds of these on the market and NOT ONE IS CONSISTANTLY PROFITABLE.
The second $5000 account was blown using popular systems that filled my charts with multi colored indicators that all had to line up to indicate a setup. These get you in to the trade too late, often when the trend is exhausted and the Stop Loss is often bigger then the Take Profit.
Finally I decided to re educate myself from scratch. I removed ALL of the indicators from my charts and it was like a veil had been lifted. Finally I was looking at pure price action. I read numerous excellent books on Japanese candlestick patterns, this provided me with a vital piece of the puzzle however I noticed not all candlestick patters are suited for the forex market.
I narrowed it down to just 5 patterns that when they occur at a support resistance area the success rate was uncanny.
The other important fact that I came to realize is that Japanese candlestick patterns are much more reliable on the longer time frames, the 4 hour and the Daily Chart produce the most reliable setups. The system works on shorter time frames like the 1 hour and 15 Min charts only when there is a lot of volume in the market. I recommend trading shorter time frames during the London and New York sessions
I then developed an indicator that draws in the monthly, weekly, daily, 4 hour, 1 hour and 15 minute support and resistance lines for me, and updates them automatically.
Now all I have to do is scan charts for setups. If I find a setup that offers a 1:1 risk reward or better (2:1 or 3:1 is more normal) I go through the checklist (included in the course and if all criteria are met I take the trade, enter my Stop Loss and my Take Profit. Then I walk away and get on with my life.
Below is my chart for the EURJPY for November 2010
On this EURJPY chart we had two bearish engulfing patterns occur at the Daily resistance. The first occurred on November 8 after a Doji indicated a change in investor sentiment this was followed the next day by a bearish engulfing candle confirming the change in trend. The trade was entered at the open of the next candle at 114.191. The trade hit the Take Profit placed at Daily support on November 12 for a profit of 300 pips. The stop loss was placed just above the previous Doji at 130 pips.
The second trade occurred when a bearish engulfing candle failed to break the Daily resistance at 114.73. I entered the at the open of the next day’s candle on November 23 at 113.531. The trade hit Take Profit the same day when it hit the Daily support for 240 pips. Stop Loss was placed just above the previous candle at 140 pips.
Here is another example:
In this example a bearish pinbar formed on June 6 after the price had repeatedly failed to break 1.2283. The trade was entered the next day at 1.22093. The Stop Loss was placed above the pinbar at 1.23149 for 105 pips. Take profit was placed at the support line at 1.1822 for 387 Pips. Take Profit was hit on June 24.
The Profitable Candlestick Trading System includes a detailed explanation of each of the five candlestick patterns that are consistently the most accurate, my custom indicator that automatically draws the support and resistance lines and my template is also provided. The e book also contains examples of trades using each of the five most profitable candlestick patterns.
FAQ
 Works on any currency pair, metal or index.
Works on any broker offering the MT4 trading platform
Works on 4 and 5 digit brokers as well as ECN
The system trades the Daily, 4 hour, 1 hour and fifteen minute charts
SIMPLE AND EASY TO LEARN. Download and trade the same day
You can expect to see 2 to 5 trades a week.
Typically the system will return 400 to 1000 pips a month
E-Book
My E-Book explains my forex system in complete detail
- Detailed descriptions of the 5 candle stick patterns I trade
- Exactly where and when to enter the trade
- Where to place your Stop Loss
- Where to place your Take Profit
- When not to take the trade
- Real world examples on each of the candlestick setups
Custom Indicator and template
- My custom indicator automatically draws and updates monthly, weekly,daily, 4 hour, 1 hour and 15 minute support resistance levels.
- My template so you can easily spot potential trades
Trade Manager
- My trade manager that allows you to have two levels of take profit, move to break even and a trailing stop
- My set files for each of the strategies.
Trade Journal
- This is a simple excel worksheet that I use to keep track of my trades.
Full Email Support
- Questions about setting the charts up or potential trades.
Whether you trade with Robots, Systems or manually I recommend that you sign up with cash back forex, You get part of the spread back on every trade, this can easily add up to hundreds of dollars a month.
Profitable Candlestick Trading |
