High Profits Forex Currency Trading System – Before we go onto the system in details, let me share with you something very interesting… Six years ago, when I was first introduced to Forex trading… I witnessed both sides of the “Forex dream”. I had friends who made great profits each and every day. And I also knew people who lost more than 50,000 USD in one night.
At this time, I found myself facing that monstrous fear of losing my hard earned money overnight, and at the same time…I was looking forward to see and live the financial freedom that I always wanted.
That’s when I stopped all my trading activity and started to study and read and test all books, systems, indicators, courses that I can find, online and offline.
As an old wise man once said… “To get the right answer, you must ask the right question”.
And my goal at that time was to find an answer to one simple question:
How to get maximum profits, with minimum risk?
And the answer was:
Profitable Trading System + Money Management
And today I’d like to share with you this system, 100% free. In a moment, you will get all the details, so please pay close attention from this point onward…
We can see on this 1 hour chart below, the trend is up. We also can see that the price has just formed a new support and it’s leaving a clear support level and moving upwards.
The price candles are white, the A.O indicators shows white bars, the RSI bars also indicate uptrend. As you can see, price is almost screaming “BUY NOW”
So all we need to do is to follow the signals and open a buy order.
And here is where we should enter and place our stop loss:
Remember, as I mentioned before that we don’t place the stop right on the indicator’s level. But on the lowest price before the support level.
Okay, let’s see what happened a few hours later …
The price moved upward as we expected and 100 pips have been made in a single trade. So now, next to another important factor…
There are many options and all are effective and profitable, here are few that you can use with this system…
You can wait until a new support/resistance is formed and exit right after the new level is created.
For example, let’s go back to the previous trade: we can see a new resistance is formed, so we exit right there.
Notice that not only a new resistance is formed, but it was formed after price hit the upper channel’s trend. That means it’s a powerful resistance and closing the trade at this point would be the best choice.
Sometime the support/resistance indicator would show a sign like this one :
This sign simply shows you the best place/time to exit the trade. When you see this sign, wait for 1 or 2 bars to be formed after it and if the sign remains, close your opened trade.
This option is to use fixed numbers of pips for take profit. This number could be static ( never changes, for example .. 40 pips per trade ) or dynamic ( changes according to changes in another element .. for example, Target is twice as Stop loss ).
Okay, I have finished sharing with you how to trade in the direction of the trend using my Forex Diversity system.
Now I’m about to explain with you how trade the reversal ( if a divergence is detected ).
In the previous examples we discussed how to follow the main trend. In this example we are going to see how to trade if a divergence was detected.
In this case, the trend indicators could show a clear trend (for example , up trend ) but at the same time, the A.O indicator would show a divergence or a possible reversal (down trend).
Here’s an example…
Here we can see that the price is trending up. RSI bars and the Trend Channel indicators also confirm the up trend. However, take a look at the Awesome Oscillator, it’s trending down. If you choose to trade the divergence, you are going to open a sell trade based on the divergence signal. You’ll want to open the trade when the AO bar becomes negative.
Entry and exit is the same as the trend following rules. Wait until a new support/resistance is formed, open trade, then close after a new support/resistance is formed.
Notice that in this case, you should see similar colors in price candles and A.O bars to confirm your entry/exits.
Here’s how we confirm the entry/exits…
Okay, so the divergence happened. And we can see the AO bar become negative here (at the same time the price candles are also red). So we can confirm the SELL entry here.
Now, many bars later, you can see the trade went smoothly and you can get some nice profits from the SHORT trade. But you can see a new support level was formed, so it’s time to exit the SHORT trade. Also the AO bars and the price bars now have same white color. So this confirms it’s time to exit now!