fx mind trix pips torrent (top secret forex report) original blueprint
TRANSCRIPT
FXMindTrix Forex
Pips Torrent! Simple Yet Consistent Profitable Forex Trading
Strategies & Techniques For The Newbie & Average Forex Trader
Finally Revealed! Learn How – To Start Making Consistent Profits Trading
The Foreign Exchange Currency Markets Today!
By
Anas Abba
(Forex Coach)
2 FXMindTrix Forex Pips Torrent Top Secret Report!
© DigiTrix FX 2015
Anas Abba Forex Coach; FXMindTrix Forex Pips Torrents – The
Foundations eBook
Disclaimer. (Legal Stuff!)
Trading any financial market involves a high level of risk and may
not be suitable for everyone.
You should only trade with money you can afford to lose.
You should fully understand the risks involved in any form of trading
and be willing to accept them.
This product is provided for general informational purposes only
and no part of it should be construed as advice, investment,
financial or otherwise.
This product is not intended for distribution to, or use by, any
person or entity in any jurisdiction or country where such
distribution or use would be contrary to the law or regulation or
which would subject the publisher to any registration requirement
within such jurisdiction or country.
This product may contain links to external websites.
The publisher is not responsible for any content of those websites.
Although due care and attention has been taken in preparing this
product, the publisher disclaims any liability for any inaccuracies or
omissions.
By accessing this product the user accepts these conditions and
agrees that the publisher shall in no way be liable for any loss
caused either directly or indirectly as a result of using any part of it.
Contents
FXMindTrix Forex Pips Torrent Blueprint! 3
Introduction
What is Forex Trading?
How Forex Traders Make Money
How Forex Traders Loose Money
Realistic Expectations
Margin, Leverage & Equity
FXMindTrix Pips Torrent Strategy Overview
The Foundations
System Rules
Buy Trade Example
Sell Trade Example
Trade Management & Exit Strategy
Proper Risk Management
Bonus Chapter: Surprise Offer
4
As a Forex Trader with a ton of trading experience with the live markets I can, without a
shred of doubt tell you that you do not need to be a Rocket Scientist or even posses a
High IQ to make a living in this business, but as a Trading Coach I'll tell you this; what you
do need is lots of common sense discipline and patience and you can become a brilliant
forex trader!
The Major Problem most of the Newbie Forex Traders I've come across faced earlier on in
their trading careers was primarily caused by misinformation due to over exaggeration of
profits potential by internet marketing system vendors promising the world with their 'black
box forex trading systems' but rarely if ever even trade the markets themselves.
Trading is quite simple, but only if you've gone through the required learning curve and
employ sound principles and foundations backed by proven technical and fundamental
analysis concepts and then practice, practice & practice some more…!
I won't attempt to insult your intelligence by making you think you'll make $1,000,000.00 in
year from starting your trading career off of a $100 Micro Forex Trading Account, but I will tell
you this, if you're willing to learn a skill that will possibly earn you a living in the nearest future
consistently with the right mindset and dedication to learn and improve…? Then this
introductory guide will help you to achieve just that!
I so happy for you!
I only wish I had this information back when I began my forex trading career.
My primary goal with this ’Blueprint’ is to show you How To Trade using Sound Technical &
Fundamental Analysis following Strict Risk Management Rules to improve our odds of trading
profitability as there no such thing as a 100% guaranteed outcome for any given trade
whatsoever.
I hope you enjoy the guide and please do not hesitate at all to contact me on social media
should you have any questions regarding the blueprint, I’ll be very glad to help.
To your success….
FXMindTrix Forex Pips Torrent! – The Foundations
Author
Forex Coach On Social Media!
Introduction
5
Hi,
My name is Anas Abba. I'm a Full Time Trader & Personal Forex Trading Coach. In the beginning of my journey as
a Forex Trader I would easily pass for what you'll call 'The Worst Trader Ever!'.
I made all the silly mistakes we all tend to make as beginners and lost a whole wad of cash… But I persistent!
Obsessed even with studying the charts and trying to fit the piece of the trading puzzles that seemed to be out of
place. Most times I felt like I was taking five steps forward and ten steps back with success always appearing as a
mirage.
But what I didn’t get then was the blessing of experience I was gaining through failing and realizing my mistakes
after I made them over and over again.
Until slowly but surely I crept out of that black hole and made it into the to 5% of Forex traders who actually make a
living from this insanely huge global financial currency markets.
If you're new to Forex Trading or maybe you're even just like me back then when I was struggling to figure out just
how the Professional Forex Traders actually made money, I mean a Step - By - Step hands on approach to making
money trading currencies I wrote this Blueprint for you…
I really do hope you'll enjoy it and please feel free to Join the "FXMindTrix Forex Pips Torrent Elite" Community
Group on Facebook.
Let's bring the concept of this blueprint to life plus you can interact with members of the groups to further shorten
your learning curve and improve your trading performance with experts Tips & Trick from Professional Forex
Traders all over the world.
Once again, thanks a lot for investing your time to learn from me, I hope to God I impact in your life positively…!
Cheers…
Anas Abba
(Forex Coach)
Kano, Nigeria.
WhatsApp Only
Mobile No.
2348130942544
Word From The Author…
6
What is Forex Trading?
In simple terms, Foreign Exchange Currency Trading refers to all
acts of speculation in the Spot Currency Trading Markets by
Foreign Exchange Currency Traders with the sole aim of turning a
profit from their trading activities in the markets.
How Do Forex Traders Make Money? Basically, Forex Traders either make money when they Buy a Currency at a
Price Lower than they later Sell It into the market in order to realize their profits
on that transaction or Sell a Currency at a Price Higher than they will later buy it
back from the market in order to realize a profit. Now, I know the paragraph doesn't
quite easily get through for a lot of
folks so let me break it down for ya!
Buying something dirt cheap and
selling it when it's value has risen to
realize a profit isn't hard for many to
wrap their heads around, what
puzzles most I gather is Selling
what you do not already own and
having to later buy it back and
realize your profits on the trade.
This concept is called 'Shorting'.
There are no physical exchanges in the Forex Trading markets.
So let's assume that you've conducted sound market analysis that's led you to believe
that price is likely to fall on the EURUSD in the nearest future.
FXMindTrix Forex Pips Torrent!– The Foundations
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This would simply mean that the Dollar which is the Counter Currency in the EURUSD
Quotation will Strengthen against the Euro which is the Base Currency in the Quote
Convention.
What this simply means is that less dollar would need to be exchanged to acquire
euros.
So a Smart Forex Trader would simply 'Borrow' Euros for lack of a better word, from
His/Her Forex Trading Broker and Exchange the for Dollars (i.e. Buy Dollars) so as to
benefit from the strengthening dollar by putting on a Sell EURUSD Trade.
In order to realize the profits from this trade the Trader needs to Close the Trade at a
later time and Price Lower than the Price He/She got into the market by exchanging
the dollars they bought earlier for relatively more Euros, Paying their forex Broker
exactly what the borrowed and keep the difference as profits in the banks!
How Forex Traders Loose Money
Forex Traders lose money when they Buy and the market falls lower than the Price at
which they Bought or Sell and Price rises above their entry spot price but this loss is
only realized when the Trader closes the trading position at that particular point in time
either manually or automatic using stop orders.
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FXMindTrix Forex Pips Torrent! – The Foundations
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Realistic Expectations
I've found that the One huge contributing factor to losing money as a Newbie or
Struggling Intermediate Forex Trader is having Unrealistic Expectations about Profits and
Return On Investments without properly understanding the value of 'Risk Acceptance'.
Traders Open Trading Accounts with Leverage as high up as 1:1000 Place Outrageous
Trades To Buy Currencies in Standard Units (100,000 Units) on a $500 Standard Forex
Trading Account On a Single Trading Looking To Double Their Trading Account Faster
than it would even take the Guinness Book of Records' Scribe to Even write it down.
What's The Rush….?
Remember, Slow & Steady Wins the Race!
This is all so true and applies especially to Forex Trading As A Business. Resolve to Build
Your Trading Account Slowly But Surely at a fairly steady rate first and foremost before
trying to pull Knight Rider Stunts with your Hard Earned Money.
It's worth noting that even the Top Hedge Funds in the World make only about 5 - 10 %
Profits Annually and Trust Me when I tell you these guys are Professional Traders Who
Do This For A Living But they don't go on merry risky trading rides just for the thrill of it,
they're guided by strict and sound trading rules to ensure they make consistent profit year
after year after year.
Am sure you get it by now….
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FXMindTrix Forex Pips Torrent! – The Foundations
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Coach, What is Margin, Please?
Margin simply refers to the deposit in your trading your forex trading account. In order to put
on a forex trading position depending on the leverage your account is operating on your
Forex Broker would only require of you a small portion of the cost of the actual worth of
currency you in tend to trade with.
This goodwill deposit is called the Margin Requirement and don't worry all these things are
automatically calculated for you within your Forex Trading Platform.
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FXMindTrix Forex Pips Torrent! – The Foundations
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The total cost for your current open trading positions is reflected as the used margin in the MT4
Data Window but note that the cost of maintaining open trading positions is a totally different
thing from your resulting profits and/or losses for maintaining such trading positions.
Free Margin refers to that available portion of your trading account balance you can use to open
New Forex Trading Positions.
What is Leverage in Forex Trading? Leverage in Forex Trading refers to a Trader's ability to amplify their purchasing power in
conduction day to day currency trading transactions.
A Trading account on a 1:1 (which reads 1 is to ratio 1) means that every dollar in that trading
account has the power to buy currencies worth $1 but a trading account operating on a leverage of
1:1000 on the other hand implies that a dollar in that trading account can control currencies worth
up to $1000.
This implication of this is that it makes for paying super low margin requirements and over
exposing your trading capital all the while encouraging false security and over confidence which
subsequently leads to greed and over trading and ultimately resulting in huge losses inevitably!
Don't fall for this common newbie mistake!
It is common knowledge around professional that leverage is a double edged sword which could
easily make for huge amounts of profits as well as possible losses in record time through allowing
“An Inexperienced Forex Trader Sew their Trading Coats Way Larger than their Trading
Account Sizes."
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FXMindTrix Forex Pips Torrent! – The Foundations
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What Does The Term ‘Equity’ Mean In
Forex Trading?
Equity simply refers to floating account balance affected by current spot market
fluctuations (unrealized profits and/or losses of all open forex trading positions).
This is to say that Equity refers to what your account balance would be if you were to
close all your open forex trading positions.
I'm taking the time to explain this basic concepts because I know some of you out there
might still be having trouble having a firm understanding of the basics yet important
principles of money management in Forex Trading which to me is even more important
than any Forex Trading System no matter how good it might be.
This is because an undisciplined trader who trades off of emotions and whim is highly
likely to take excessive risks and flat out refuse to follow the system rules which would
ensure consistency and profitability in the long run.
Sorry to bore you Pros out there to death with the basics and sure you can't wait to dive
right into the nitty gritty of the FXMindTrix Forex Pips Torrent System.
So let's do this….!
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FXMindTrix Forex Pips Torrent! – The Foundations
FXMindTrix Forex Pips Torrent Strategy Overview
The Edge
The FXMindTrix Forex Pips Torrent is based on Trend Following approach to trading.
Every Professional Forex Trader worth their name in pips knows that in order to pull consistent
profits out of the markets you've got to arm yourself with some kind of trading edge.
In essence, I consider trading to be a game pattern recognition based on probabilities where
players are allowed to bet on the possible outcomes and make money if and when their
predictions play out right or else lose it when they turn flat out wrong.
An edge helps to stack the odds in our favor.
The Edge for the Forex Pips Torrent Strategy is Trend Following.
Am sure you've heard popular phrase
'The Trend is Your Friend!'.
Well guess what…?
Turns out Wall Street was right after all!
The Trend really is your friend. There's no doubt that trading with the trend provides the safest
low risk high probability trading opportunities any trader could ever wish for.
Another powerful component to our edge is Multiple Time Frame Analysis to make sure we're
taking the best possible trades offering the lowest risk to reward.
So without further do, let's take a closer look at each component in The Pips Torrent Forex
Trading Strategy...
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FXMindTrix Forex Pips Torrent! – The Foundations
The Foundations We've established that our edge in the foreign exchange currency markets is trading in the
direction of the trend.
I believe that in an up trend price has a higher probability of going up at certain points and
in a down
trend price has a higher probability of going down at certain points.
Am sure you'll agree with me…
A Simple & Logical Approach To Forex Trading…
The FXMindTrix Forex Pips Torrent Forex Trading Strategy employs a very simple and
logical approach, you will simply be able to tell mechanically whether or not to buy or sell a
certain currency.
You'll be trading logically rather than emotionally plus you'll also be able to simply tell the
direction of the main trend and only take low risk high probability trades in that direction.
The Strategy consist of a sound trading plan you can follow all day every day to trade the
currency exchange markets, the foundations of which includes;
1. Moving Averages
2. Multiple Time Frame Analysis
3. Pivot Levels
4. Relative Strength index
FXMindTrix Forex Pips Torrent Foundation #1
Moving Averages (Overall Market Trend Identification Tool)
Moving Averages or MA's for short are Trend Technical Analysis indicator which help smooth price
action on a currency chart.
If you're new to trading, I know it's quite hard to understand what moving averages are and what
they help forex traders accomplish even as I've just told you they are trend indicators so let me
break this down for you with an example.
Assuming you were to take the average score for 5 students who took a Math test with the
resulting individual score 30, 40, 60, 70 & 90 respectively. In order to achieve this you'll need to
calculate the total scores of all the 5 students and divide it by 5 (the number of the students who
took the test) and so;
Median/Average Student Score= (30 + 40 + 60 + 70 + 90)/5 = 58
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FXMindTrix Forex Pips Torrent! – The Foundations
An thus, 58 is the average score for the 5 students who took the math test.
Now what if you were assigned the task of calculating and plotting the average Math
test score for the same 5 students over time as they advanced through school on a
graph up until when they eventually graduate from high school.
The resulting graph you'll plot over those students average scores from the inception
of the task to right before they graduate from high school can be considered as a
moving average as the students test scores fluctuates over time.
How To Setup Your Currency Chart To Easily Identify Established
Trends Using Moving Averages
To determine the overall market trend and what side of the market we should be
trading on we'll be studying price in relation to its moving on 3 different timeframes of
the same currency pair, and these are the;
i. Daily Chart
ii. 4 Hour Chart (240 Minutes Chart)
iii. 1 hour Chart (60 Minutes Chart)
In a nutshell, our first price chart (the daily chart) will help us identify the direction of
the trend, the second currency chart (the 4 hour chart) will help us see if price is
moving in the general direction of the main trend and our third currency price chart
will help us identify a good entry point and levels to get a trade into the market in the
direction of the main/overall trend.
For this stage in our Pre - Entry Market Analysis Only the Moving average indicator is
used. A 60 period simple moving average which is applied to all three timeframes
with the following settings.
- A 60 period simple moving average applied to the Typical Price (HLC/3).
Make sure to keep this line thick.
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FXMindTrix Forex Pips Torrent! – The Foundations
A 60 period simple moving average of price applied to the high.
Make sure to make this line a dotted line, just like in the screenshot
below.
- Next, Add a 60 period simple moving average of price applied to the
low. Also, Make sure this line is a dotted line. Simply copy the exact
settings as in the screenshot below when setting up you moving
averages on any currency pair you wish to trade.
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FXMindTrix Forex Pips Torrent! – The Foundations
Next, repeat the preceding steps but this time choose an exponential moving
average and key in the following settings;
- 21 period simple moving average applied to the Typical Price (HLC/3).
Make sure to keep this line thick and color it blue.
- Add another 21 period exponential moving average of price applied to
the high. Make sure to make this line a dotted line.
- Finally, apply the last 21 period exponential moving average of price
applied to the low.
Also, Make sure this line is a dotted line. Simply copy the exact settings as in the
screenshot below when setting up you moving averages on any currency pair you wish
to trade.
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FXMindTrix Forex Pips Torrent! – The Foundations
Important Note: I Highly recommend that you stick to trading one currency pair at the
moment until you get a firm grasp of the system rules (preferably the EURUSD
currency pair).
We'll cover the system rules in a little bit, but please take note of this advice especially
if you're struggling to make consistent profits from trading the currency markets.
The result of our little exercise above will look something like the screenshot below if
you've been following me carefully.
18
FXMindTrix Forex Pips Torrent! – The Foundations
But I'm sure you'll agree with me that leaving the chart settings at its default make
things look a lot dull so let's spice things up with some fresh colors for the background
and take off those ugly looking grids…
Shall we?
Right click on the chart screen and click on properties and set the colors like the
parameters below or customize them to your heart desire, after all it's your chart! :-)
Uncheck the Box next to the "Show grid" button as in the screenshot
below to turn off grids if you do not like them on your chart then click OK.
19
After all this entire exercise to setup our chart work space for prime analysis to simplify
spotting low risk high probability trading opportunities in real time our daily chart should
look exactly like the screenshot below now.
Advanced Trend Trading Technique:
How To Tell The Direction of The Main Trend Using Moving Averages &
Multiple Time Frame Analysis
For the most part trend following systems all work on the same basic premise of using
moving average indicators to identify trends, signal entries, and offer exit points.
Now, the problem with moving averages and regular trend following systems is they rely on
one moving average line crossing over a second moving average in order to generate a buy
or sell signal.
An example is shown in the screenshot on the next page.
FXMindTrix Forex Pips Torrent! – The Foundations
20
FXMindTrix Forex Pips Torrent! – The Foundations
Typical systems would say when the blue (fast) moving average line crosses over the red
(slow) moving average line from underneath, this should be your signal to buy the
currency and get in to a trade.
Now in the image above, this looks like a great strategy. Look at where the two lines
cross, and then look at how big the move was in an upward direction. You’d have made a
lot of easy profits from that system, right?
Well actually, you're wrong!
In all likelihood, you’d have lost money if you used that kind of system to give you an entry
signal.
Moving average cross over systems look great to the untrained eye in hindsight, but in
reality they are all but useless systems.
21
To tell you the truth moving averages are lagging indicators. What that means is they
only tell you information “after” it has already happened. There’s a delay in what’s
happening with price action, and what the moving average lines are actually telling you.
And So the reality is that in real time the moving averages in the screenshot above did
NOT cross over until “after” the move had already taken place. By the time the lines
crossed, the big move had already finished, as explained below;
FXMindTrix Forex Pips Torrent! – The Foundations
Does that seem like a good system to you?
Hell No!!!
22
After the market makes a huge move we then get an entry signal little while later after
our indicator catches up only to tell us what we know have already happened as we can
see it clearly printed on the price charts.
Trade like that and you’ll only be trying to jump on a train after it’s already left the station.
And that’s the big problem with most trend following systems.
They rely entirely on an indicator which by definition is too slow to give you pin point
accurate entry signals for low risk high probability trading opportunities.
They look great in hindsight but when you actually try to use them live in real time they
fall flat on their face and don’t work.
If your system is waiting for two delayed “lagging” indicators to cross over, you will
ALWAYS be one step behind the market and at a serious disadvantage plus don’t forget
we need an edge in trading to improve our chances of succeeding.
If you look around the web at the many different styles of trend following systems that
are available, you will notice that most of them use some variation on that theme.
Sure, they may have all sorts of different rules, filters, and other fancy bells and whistles
to try to make them look better…..
But at the end of the day, they all rely on this basic crossover theme.
And that means they are all flawed!
The Twist
Now I won't tell you moving averages are totally bad in fact that is quite very far from it
and that is precisely why I had you set up your chart nice and beautiful with the default
moving averages we'll be using for trend determination and confirmation on multiple
timeframes using the FXMindTrix Forex Pips Torrent Forex Trading Strategy.
Now do me favour, will you…?
Just do quick thinking for a second, what’s the most up to date, fast and reliable source
of information we’ve got available to us in the market place?
ANSWER: The actual price of course!
FXMindTrix Forex Pips Torrent! – The Foundations
23
Nothing could be more accurate at telling us what’s going on than the actual price. It’s
the most
up to date information available on any Forex Currency Chart. The instant something
happens, it’s immediately reflected in the price on our charts.
Remember elementary technical analysis, the market discounts everything?
No other indicator or tool is as accurate or timely as Price itself. And so doesn’t it make
sense that the price should be at the very heart of any system?
Trust me, this is precisely what the banks use as their major indicator, and that’s what
the FXMindTrix Forex Pips Torrent Strategy uses too. And that’s what makes this so
formidable!
The System relies on price action to give us our entry and exit signals, so it’s fast and
bang up to date.
There’s absolutely no way we're waiting for two lagging indicators to cross over and tell
us something well after it’s already happened!
Basically the moving average line is intended to show us the average direction of the
market over a set period of time.
The line calculates various different elements of price data over a given period from the
past, and then plots the average of all that data in to a neat line on our charts.
It tells us if the market is on average moving upwards or downwards for a given period
that has already happened at a glance.
Moving Averages don’t tell us what is about to happen, they simply tells us what has
already happened.
So what’s the real use of a moving average line you might be asking?
Simple to tell us if the market is in a trend or not…..that’s it!
Remember, this is a trend following system, so we use the moving average to determine
if there is a trend for us to follow. If there is a trend to follow, we use another more
accurate entry signal to get in to the markets and take our profits, nice and easy.
FXMindTrix Forex Pips Torrent! – The Foundations
24
This one basic principle reduces our risk dramatically by limiting us to trades that already
have the momentum of the market behind them..
So the 60 Period Simple Moving Average lines in our chart act as a guide to tell us the
direction of the current short term market trend.
The 60 Period Simple Moving Average line is simply a line which tells us the average
direction of the market over the last 60 candles (in our case for the daily chart above
the past 60 days because each candle on that chart took a whole day to form).
If the real price is above all three 60 Period SMA's of the Low, Typical & High Price, we
take it that the market is trending upwards, so we ONLY take trades in the up direction,
which means we only buy trades are allowed.
If the real price was below all three 60 Period SMA's of the High, Typical & Low Price,
we take it that the market is trending downwards so we only take short trades (we only
sell the currency).
It’s quite important to note though that the 60 Period Simple Moving Averages are
only there to act as a guide for us as to the direction of the trend.
We do not use them for entry and/or exit signals!
We simply glance over them to determine the current directional bias in the markets at
that particular moment so as to increase our chances of trading in the same direction
as the current market momentum.
And keeping this in its simplest terms, that is the underlying basis behind the
FXMindTrix Pips Torrent Forex Trading Strategy!
We'll just try to establish the direction the current market conditions are favoring, and
then we trade in that same direction.
It’s seems pretty basic, and it is!
But believe me, this is going to make you some seriously easy cash.
FXMindTrix Forex Pips Torrent! – The Foundations
25
I'm sure by now we've firmly established that we only take trades in the direction of the
trend, this is because it this rule is central to the whole system.
Remember, we’re just trying to catch the trends which happen, and ride along with them
to make some easy profits. And the moving average line is the quickest way to establish
the bias in the market i.e. which way is it preferring to go.
So once we’ve established the direction of the trend, we'll be looking for a few basic
things to happen which signal our reason to enter a trade.
So now that you understand that we are simply trading with the trend and how to
identify the trend using moving averages, run through the next foundation in the
FXMindTrix Pips Torrent System to learn exactly how to place and manage trades
Step - By - Step!
FXMindTrix Forex Pips Torrent Foundation #2
Multiple Time Frame Analysis (Trend Confirmation Trigger)
After clearly establishing the bias in the current market by identifying the direction of
price in relation to its three 60 Period Simple Moving Averages;
Price Close Above both the three 60 Period Moving Averages and three fast 21 Period
Exponential Moving Average to confirm a Bullish Trend.
Price Close Below both the three 60 Period Moving Averages and three fast 21 Period
Exponential Moving Average to confirm an Bearish Trend .
Now to further stack the odds of winning in our favour we'll be applying multiple time
frame analysis as an added trend confirmation tool to really confirm that we're trading
with and not against the momentum.
The dotted Simple & Exponential Moving Averages represent buffer zones.
If Price Action is not only able to Cross & Close Above or Below the Typical Moving
Averages but Also the Averages of the High & Low Achieved by Price in those time
periods, we assume the momentum behind the price move to be quite significant.
Below is a detailed illustration of this idea on the daily EURUSD Currency Pair Chart.
Simply assume the opposite in the case of a Bullish Market.
FXMindTrix Forex Pips Torrent! – The Foundations
26
Cranking down to the 4 Hour Chart, let's zoom in on Price Action and Action confirm if the
Market Direction is also down so that we can move on to finding Profitable Low Risk
Trading opportunities. The illustration below explains this in more detail.
FXMindTrix Forex Pips Torrent! – The Foundations
Price Crosses & Closes Both Simple &
Exponential Moving Averages indicating the beginning
of this Downtrend on the daily chart.
Giving Us The Go Ahead To Confirm To Only Look For Profitable
Short Trade Opportunities after confirming that price is also Trending
Down on the 4 Hour Chart!
Note: This Is So We Can Trade with the Wind Behind Our Backs (Trend Momentum),
Stacking the Odds of Profitability in our Favour and Improving Our Chances of Taking Only Low Risk
High Probability Trades!
60 Period Slow Simple Moving Average Applied To High
60 Period Slow Simple Moving Average
Applied To Typical Price
60 Period Slow Simple Moving
Average Applied To Low
NOTE: The Market Trend Shifted Gears To The Downside
On The EURUSD Currency Pair In & Around The 1st of Week of May 2014.
21 Period Fast Exponential Moving Average Applied To High
21 Period Fast Exponential Moving Average
Applied To Typical Price
21 Period Fast Exponential Moving
Average Applied To Low
The Daily Chart Explained!
27
FXMindTrix Forex Pips Torrent! – The Foundations
60 Period Slow Simple Moving Average Applied To High
60 Period Slow Simple Moving Average
Applied To Typical Price
60 Period Slow Simple Moving
Average Applied To Low
21 Period Fast Exponential Moving Average Applied To High
21 Period Fast Exponential Moving Average
Applied To Typical Price
21 Period Fast Exponential Moving
Average Applied To Low
Price Crosses & Closes Both Simple & Exponential Moving
Averages.
Giving Us The Go Ahead To Start Looking For Profitable
Short Trade Opportunities!
Note: This Is Because Price is Also Trending Down On Our
Long Term Chart (The Daily Chart) as illustrated on the Preceding
Chart.
Strategy’s Anchor Timeframe:
The 4 Hour Chart Explained!
As you can see from the preceding charts above let's analyze the things we've currently
established regarding this currency pair at this particular point in time.
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FXMindTrix Forex Pips Torrent! – The Foundations
As you can see from the preceding charts above let's analyze the things we've currently
established regarding this currency pair at this particular point in time.
First, the Market Direction on the Daily Chart is Down. This is because Price is Currently
Below Both Simple & Exponential Typical & Buffer Moving Averages.
Secondly, Price has just completed a Bearish swing on the 4 Hour Chart worth over 600+
Pips from the Point Price Crossed & Closed Below Both Simple & Exponential Buffer
Moving Averages.
Thirdly, Price on the 4 Hour Chart to the Right Side of the Screen is Out of Sync With The
Daily Chart Due to Price Being Currently Above Both Simple & Exponential Typical &
Buffer Moving Averages Opposing The Major trend On the Daily Chart.
Zooming in on the price swing that resulted in over 650+ Pips in to the downside over the
last Bearish leg in Price Action some twenty trading days ago.
Price Crosses & Closes Above Both Simple &
Exponential Typical & Buffer Moving Averages
To The Upside.
This Signals the End of The Bearish Price Swing.
600+ Pips
Bearish Ride
Price Is Below Both Simple & Exponential
Typical & Buffer Moving Averages on Both
Daily & 4 Hour Charts.
Take Only Sell Trades On The 1 Hour Chart!
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So now that you understand the basic principles behind our application of multiple
timeframe analysis let's dive straight into how you can find and place trading positions with
the lowest risk and highest probability to work out and rake in those cool pips!
FXMindTrix Forex Pips Torrent Foundation #3
Pivot Levels (Support & Resistance Forecasting Technique)
FXMindTrix Forex Pips Torrent! – The Foundations
R3
R1
R2
PP
S1
S2
S3
Pivot Points otherwise also commonly known as Pivot Levels refer to technical levels that
highly referred to by 'Floor/Pit Traders' originally in the Stock Markets.
Lots of Pro Forex Traders who've either switched solely from Stock to Forex Trading or are
maybe even combining the two often use Pivot Levels in helping them determine possible
areas of support and resistance in the nearest future as Price Action unfolds within that
particular trading session.
Yes, we're trend trading and we're following the trend but don't forget that we want to only
take the trades offering the lowest possible risk and highest possibility of working out as
we hope it would.
Paying attention to key Monthly Pivot levels on the 4 Hour Chart & Weekly Pivots on the 1
Hour Chart will ensure we only buy as close to support as possible and/or sell as to close
to resistance as possible further increasing our possible profits on every individual trade.
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Resistance 3 (R3) = Resistance 2 + (High - Low)
Resistance 2 (R2) = (Pivot Point + (High - Low)
Resistance 1 (R1) = (Pivot Point x 2) - Low
Pivot Point (PP) = (High + Low + Close)/3
Support 1 (S1) = (Pivot x 2) - High
Support 2 (S2) = (Pivot Point – (High – Low)
Support 3 (S3) = Support 2 – (High – Low)
FXMindTrix Forex Pips Torrent! – The Foundations
Pivot Levels Explained!
It's largely because there are lots of people observing and basing trading decisions off of
pivot points that they are so effective and an invaluable trading tool in the
FXMindTrix Forex Pips Torrent System.
Pivot Levels are calculated using the previous sessions' High, Low, & Closing Prices.
If you use the weekly candle to get your values you'll end up with weekly pivots levels you
can look at throughout the upcoming trading session to help you decide levels you're
either going to be buying or selling the currency pair at.
If you used the monthly candle's value to calculate your pivot points you'll end up with
monthly pivot levels you can watch all through the month to help you find great price levels
at which to buy or sell any currency pair you wish to trade.
The following Illustrations below shows a candlestick and the relevant Price levels for pivot
points calculation and the formula for calculating the pivot levels itself.
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FXMindTrix Forex Pips Torrent! – The Foundations
Now calculate the Monthly & Weekly Pivot using the Previous Month and Week
Candles Respective & draw the resulting Pivot Levels on you 4 Hour & 1 Hour Time
frame Charts respectively, and you're done!
Price is currently trading below its monthly
Central Pivot Point although Price is still
Currently Trading Above Both Fast & Slow
Typical & Buffer Moving Averages.
Price is currently trading above its
Moving Averages in the
Resistance Pivot Levels Territory.
Now, we only need a move that
will cause price to close below It’s
Moving Averages on the 4 Hour Chart
Before putting on Short Trading
Positions.
4 Hour Chart
1 Hour Chart
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FXMindTrix Forex Pips Torrent! – The Foundations
FXMindTrix Forex Pips Torrent Foundation #4
Relative Strength Index Indicator (Entry Confirmation Tool)
The Relative Strength Index Indicator or 'RSI' for short can be used for a host of
trading techniques like trading divergences and gauging Overbought & Oversold
condition in Price but for the sake of simplicity in the FXMindTrix Forex Pips
Torrent Blueprint we use the RSI as an trade entry confirmation tool.
For this simple reason we take an RSI Cross above it's 50 level after confirming
on the Daily & 4 Hour Charts that Price is Up (i.e. above both fast and slow
moving averages) as a buy signal…
or
A sell signal when price crosses below the 50 RSI level on the 1 hour chart
when price is trading below both it's moving averages on the daily and 4 hour
charts.
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FXMindTrix Forex Pips Torrent! – The Foundations
1 Hour Timeframe Chart With
Relative Strength Index On
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FXMindTrix Forex Pips Torrent! – The Foundations
As you can see clearly on the preceding screenshot Price Action on the 4 hour & 1 hour
time frame charts are currently completely out of sync with the Price action on the daily
which usually gives us the major trend direction for the currency pair or whatever asset
you wish to trade.
Short Trade Example…
Trade Entry
Price Has Crossed & Closed Below Both of Its Fast &
Slow Typical & Buffer Exponential Moving Averages on
the Daily Chart indicating That the long term trend is
Now Bearish.
And as such we’ll only be looking to Put on short trades
after confirming The trend on the 4 Hour Chart.
The 4 Hour Chart
Price is Below Both
Fast & Slow Moving
Averages on 4 Hour Chart
As Indicated By The Arrow.
Now it’s OK To Go
Looking For Sell Trades
On The 1 Hour Chart.
When Price Crosses
Below The 50 RSI Level.
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FXMindTrix Forex Pips Torrent! – The Foundations
Price Experiences Strong Resistance
Right Below The Weekly Central Pivot
Level Making Forming A Triple Top
Chart Formation…
RSI Crosses Below It’s 50
Level Three Time Giving Us 3
Great Selling Opportunities
Right Below The Weekly
Central Pivot Level.
Price Breaks Below S1 Support Pivot Level
After Failing To Above Its Central
Pivot Level.
Price Experiences
Support @ The
Weekly S1
Support Pivot
Level.
Price Experiences
New Support Now
@ Weekly S2
Support Level.
Moving Forward…
Great Stop Loss Levels.
Right Above Most Recent
Price Swing High
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FXMindTrix Forex Pips Torrent! – The Foundations
Fresh Trading Week Begins With Our
Short Trade Still Open…
Price Breaks Below All 3 Weekly
Support Levels Netting Us A
Nice Profit During The Course
Of The Week!
Another Good Short Selling Opportunity
Triggered By The RSI Crossing Below
It’s 50 Level While Market Direction
On The Daily & 4 Hour Charts was
Still Pointing Down During The
Course Of The Week!
Price Action Slows & Meanders
Below The Weekly Central
Pivot Level Before Experiencing
A Major Swoon!
Moving Forward…
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Finally, after a very nice ride price finally Crosses & Closes Above Both of it’s Moving
Averages But is still struggling to break it’s Weekly Central Pivot Level.
But for now we only take our profits and stay on the sidelines until price is in sync On the
Daily & 4 Hour Charts Again Before We Look For Trading Signals on The 1 Hour Chart.
Rinse & Repeat!
FXMindTrix Forex Pips Torrent! – The Foundations
Price Crosses & Closes Above
Both Fast & Slow Moving
Averages So We Exit Our Trade
With Over 600+ Profits
RSI Hidden Divergence Signaling
The Potential For The Bearish
Move To Continue
Price & RSI
Hidden Divergence
Over 600+ Pips Worth
Bearish Price Swing
38
FXMindTrix Forex Pips Torrent! – The Foundations
Again, Here you can see clearly that the 4 Hour Chart is also Out of Sync with The Daily
Chart since Price is currently Trading Above It’s Simple & Exponential Buffer & Typical
Moving Averages Plus Price is Currently Facing Strong Support At the Monthly S3 Level
after making a nice run down…
So Now We Sit On Our Hand And Wait Until Price Falls Back Below It’s Simple
& Exponential Typical & Buffer Moving Averages & Also In Sync With The
Daily Chart Before We Put On Trading Positions Offering The Lowest
Possible Risk & Highest Possible Returns!
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Remember we talked about having realistic expectations earlier on in this Blueprint, well
now this is much more important than ever!
I know It’s easy to get carried away with you success as you’ll tend to easily grow
overconfident when you start having a string of winning trades on your hand but trust me
once you throw your Money Management rules out the window and start getting greedy,
you’re surely going to blow up your forex trading account and lose your hard earned
money to much more experienced forex traders.
So Please I beg you especially if you’re just starting out or maybe you’re probably still
not making enough from trading as you hoped you could…
well get what….?
Slow & Steady Wins The Race!
First & Foremost focus on Preserving Your Precious Capital!
The Funny Thing About Making Money Through Trading The Foreign Exchange
Currency Markets is that once you stop trying to make money and start focusing more
on protecting your money you eventually start making money!
So please never risk more than 2% of your trading account on any single trade no
matter what you think about it and do not over trade simply because you feel
overconfident or your account offers a high leverage.
Be Professional & Always Place Technically Sound Stop Losses In & Around Pivot
Levels and also have the discipline to stick to them.
This is where I would usually advice you to trade on a Demo account with play money
but since I know even I can’t stick to that advice due to the allure of making money using
your newly acquired knowledge I have a Surprise Bonus Offer of Free $30 From
XM Forex Brokers For Students of The FXMindTrix Forex Pips Torrent Course.
Follow the link below to claim yours now!
Free $30 Forex Trading Start Up Capital For FXMindTrix Forex Pips Torrent Elite
Students.
FXMindTrix Forex Pips Torrent! – The Foundations
Risk Management
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@FXCoachTweetz
Conclusion… So there you have it!
The Entire FXMindTrix Forex Pips Torrent Blueprint so go ahead and start making
yourself some good money. But I'll tell you what I always tell my Elite Class Student's,
always work on perfecting the act of flawless trading execution…
A Forex Trader who sticks to their trading system during periods of Drawdown & Zero
Trading Opportunities is always going to outperform the trader who jumps from one
Forex Trading Forum to the next looking for the next best thing!
Practice Sound & Strict Risk Management and you'll do just fine. If you've got any
questions regarding Forex Trading, any question at all, am only a quick tweet away…
Cheers...
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Introducing…