ultimate forex secret

ULTIMATE FOREX SECRET

FOREX DISCLAIMER

Please read this carefully. If you don't understand any of theinformation provided in this disclosure or if you have anyquestions, please contact me [email protected] National Futures Association (NFA) and CFTC (CommodityFutures Trading Commission), the regulatory agencies for theFOREX and futures market in the United States, require thatcustomers be informed about potential risks in the FOREX market(see the information below).

CFTC rule 4.41 - hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades havenot been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

No representation is being made that any account will or is likelyto achieve profits or losses similar to those shown. In fact, thereare frequently sharp differences between hypotheticalperformance results and the actual results subsequently achievedby any particular trading program. Hypothetical trading does not

© Copyright 2011 by “Ultimate Forex Secret”By Austin Winston.http://www.ultimateforexsecret.com

http://www.ultimateforexsecret.com/

involve financial risk, and no hypothetical trading record cancompletely account for the impact of financial risk in actual trading.

All information on www.ultimateforexsecret.com or any e-bookpurchased from this website is for educational purposes only andis not intended to provide financial advice. Any statements aboutprofits or income, expressed or implied, do not represent aguarantee. Your actual trading may result in losses as no tradingsystem is guaranteed. You accept full responsibilities for youractions, trades, profit or loss, and agree to hold Profitable TrendForex System and any authorized distributors of this informationharmless in any and all ways.

RISKS ASSOCIATED WITH FOREX AND TRADING

Trading foreign currencies is a challenging and potentiallyprofitable opportunity for educated and experienced investors.However, before deciding to participate in the FOREX market, youshould carefully consider your investment objectives, level ofexperience and risk appetite. Most importantly, do not investmoney you cannot afford to lose.There is considerable exposure to risk in any foreign exchangetransaction. Any transaction involving currencies involves risksincluding, but not limited to, the potential for changing politicaland/or economic conditions that may substantially affect theprice or liquidity of a currency.

Moreover, the leveraged nature of FOREX trading means that anymarket movement will have an equally proportional effect onyour deposited funds. This may work against you as well as foryou. The possibility exists that you could sustain a total loss ofinitial margin funds and be required to deposit additional funds tomaintain your position. If you fail to meet any margin call within



the time prescribed, your position will be liquidated and you willbe responsible for any resulting losses. Investors may lower theirexposure to risk by employing risk-reducing strategies such as'stop-loss' or 'limit' orders.

There are also risks associated with utilizing an internet-baseddeal execution software application including, but not limited, tothe failure of hardware and software.Trading foreign exchange on margin carries a high level of risk,and may not be suitable for all investors. The high degree ofleverage can work against you as well as for you. Before decidingto invest in foreign exchange you should carefully consider yourinvestment objectives, level of experience, and risk appetite. Thepossibility exists that you could sustain a loss of some or all ofyour initial investment and therefore you should not invest moneythat you cannot afford to lose. You should be aware of all the risksassociated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.

COPYRIGHT

© 2011 by ULTIMATE FOREX SECRET. All rights reserved.No part of this book may be reproduced or transmittedin any form or by any means, electronic, mechanical,photocopying, recording, or otherwise, without priorwritten permission of ULTIMATE FOREX SECRET.The copy of this book is limited to your personal use.



WHAT IS FOREX BREAK OUT

In a world where a wealth of information is readily available at the click of a mouse, why is it so hard to find Forex breakout strategies that work? If your breakout trading isn't as profitable as you want it to be right now, then it may be that you are making one or more of these costly Forex breakout trading mistakes.

You could be trading every consolidation or range, trading 'breaks' of support or resistance, and setting up stop losses in obvious places and not even know that all these fundamental mistakes are costing you hundreds of pips in trading profits each month. By the end of this e-book, you'll know why the most Forex breakout strategies that you've been taught just don't work, and why Ultimate Forex Secret is the right tool to use.

It's important to understand the fundamental pattern of the markets that makes Forex breakout strategies so profitable when done right. Contrary to what you may have been led to believe, it's not just a matter of defining a range or a consolidation and then taking a trade when the price goes out of that range. Forex breakout trading is based on a well-known fact that market volatility tends to be the highest following periods of very low volatility.

The problem is that most people try to take a guess as to when that volatility will spike up and bring about a price breakout, which is a very costly mistake. That's because they have been wrongly educated to believe that frequent trading is a good thing, but the reality is that in Forex breakout trading, less is more. As you are well aware of, not every range or consolidation area breaks out strongly enough to justify the strings of losses you suffer to catch that elusive breakout trade.



INTRODUCTION to Ultimate Forex Secret

Ultimate Forex Secret is a very powerful trading system. Combination of simplicity and strong signals makes it one of the only forex strategies you will ever need. If you follow each step carefully you could easily make profit with the Ultimate Forex Secret. Additionally, as I explain further, you will understand how to use this system in set and forget style. Set and forget types of systems are the best for people with full time jobs, who do not have as much time to trade. Don’t worry, with Ultimate Forex Secret you could set up pending orders and step away from your computer. Your stop loss and target profit will also be taken care of. This system has been explained in as much detail as possible thus helping you to understand every step and not to leave anything behind. What I Personally like about it, is that you can trade on multiple currency pairs many times a day. There are a lot of Forex systems, which only let you trade once a day. How could you possibly make high profit trading only once a day? I believe you can not. UFS gives you a chance to trade whenever YOU have time as long as the signals are there. Overall, Ultimate Forex Secret works great and I hope you will see that for yourself.

Ultimate Forex Secret does not require any professional forex skills. It can be mastered by anyone no matter the experience level. One of the good things about this system is that it does not need any kind of indicators or any other forex software, since Ultimate Forex Secret is a pure action price system. A lot of traders are afraid that this or that system might not work for their platform. This is not the case here, UFS works for any platform. I have tested it on many currency pairs, and I am most comfortable when using it on the following pairs: EUR/USD, USD/JPY,



USD/CHF. UFS also works on multiple time frames, however I find 15m and 1H the most profitable.

Ultimate Forex Secret Working Principle:

The concept behind the system is very simple. The candle #1 on the picture to the left is called the Setup candle, because candles #2, #3 and #4 are contained within it’s high and low.And candles #2, #3 and #4 are calledthe signal candles. They are the ones, which make #1 the Setup candle.From now on just remember, when you see

several signal candles which are contained within high and low of the Setup candle it means that a breakout is expected very soon. What’s very important to remember is that the more signal candles a you see within the Setup candle, the stronger break out will occur. I do not recommend entering a position unless minimum of three signal candles are there. This is basically your signal which will indicate you about the upcoming changes to the price.



Step-by-Step Guide:

Below you will find detailed step-by-step explanation on how to trade using Ultimate Forex Secret formula. Make sure to pay close attention when learning this method, understand every step and follow the instructions correctly:

Step 1) Open EUR/USD chart on 1H timeframe:



Step 2) Locate a Setup candle which has 3 or more Signal candles whose highs and lows stay within the Setup candle’s high and low. The more signal candles – the stronger breakout will occur. Below is an example of a strong signal, since it has 4 signal candles:



Step 3) As soon as the price breaks out 3-5 pips from the tunnel which is formed by the high and low of the setup candle, you should enter with BUY(high breakout) or SELL(low breakout). Below is an example of a high breakout:



Step 4) Stop loss is a very important aspect of forex trading. This way even if you lose, the next successful trade will return the loss, plus make you profit. Your stop loss level will be the middle of the setup candle. It will minimize your risks:



Step 5) Target profit level should be equal to the size of the setup candle. As explained in the previous step, with this set of stop loss and take profit levels, even if you lose a trade, the next successful trade will cover your loss plus make profit:



EXAMPLE OF A LOW BREAKOUT

If a low breakout occurs, follow exactly the same steps as in the guide, however Enter with SELL and Exit with BUY. Stop loss and target profit rules stay exactly the same:



LOSING TRADE EXAMPLE Warning

Even if you follow all the steps in the guide and decide to enter, expecting a breakout, it is very highly recommended to check for any major news releases. It may affect the breakout and turn out as a loss for you. Here is an example of a low breakout which hit the stop loss, because of major news release:

The second candle after the one on which we should have entered with a sell, hits the stop loss. So be careful, do not get frustrated and just spend a couple of minutes of your time to check for the news releases. Good luck.



HOW TO AUTOMATE ULTIMATE FOREX SECRET

Ultimate Forex Secret is perfect for people who do not have too much time to spend in front of their computers. You can just analyse the chart(Steps 1-2) put pending order(Buy or Sell) and set your target profit(Step 4). As soon as you do this, you can feel free to relax and check back in a few hours to grab your profit.

HOW TO MAXIMIZE PROFIT

Since Ultimate Forex Secret works best on 3 currency pairs: EUR/USD, USD/JPY, USD/CHF and on timeframes 15min and 1H,whenever you have time to trade, just look through each pair on both timeframes and you might find 2 trading possibilities at the same time, just go ahead, analyse the charts, check for any major news releases and place your orders accordingly. Also you can use trailing stop of 15 pips, rather than going for a specific target profit. This way you canget the most of this system, given that it is possible to be done several times a day.

P.S. I hope this will help you to become much more successful in your Forex trading. If you have any questions, please contact me: austin <@> austinwinston.com

Sincerely Yours,Austin Winston



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