40-70 pips A Day
Good day to you all I would like to share with you not a system but a method of trading that I have used for more than 15 years which is based on institutional trading.
Most people don’t know 9 major banks together with several institutions move around 60% of the volume in forex, Understanding how institutions work and manipulate the market is the only key to consistently profitable trading .
Following the bank's allows traders to understand and track the activity of the banks, If you have a business to be successful you need a business plan, Banks are no different, the same with brokers, ask your self why on earth would you follow brokers advice on trading strategies and Indicators when they only make money when you lose. Understanding these techniques puts us in direct opposition of what is taught today, I’m sure every trader reading this has tried every price pattern, candle pattern, indicator, moving ave, ea and robot. Even price action how does it work, how does it relate to what the institutions do?
What has been the result?
The bottom line is every forex trading strategy out there tries to apply rules to a market that the institutions control, when we should all really be learning how to track bank trading activity this is true price action.
How the Institutions work
every week the institutions move the market in Levels over 5 days normally from Monday to Wednesday in a direction then Thursday to Friday a possible reversal. These Levels can be seen on any time frame the higher the better and each day the Levels can be made up of smaller Levels on a daily basis. They can be hard to spot at first on smaller time frames so i look at the 1 hour chart.
It is these Levels i look to trade and follow the institutions trading cycles.
The institutions also move the market in certain patterns every day, One of those patterns is consolidation the trade calls it Accumulation this most traders hate but its one of the best pieces of information on the chart, the next is manipulation.
ACCUMULATION / MANIPULATION
This where the institutions are taking their position’s.
You and me when we want to enter a trade we simply press the buy or sell button institutions cant do this other wise price would shoot up 1,000,s of pips at a time and frighten anyone out of the market, so what they do is keep putting on their positions over a period of time we call consolidation the institutions no what direction they want to push the price, after all they control it short term and try to force everyone into trading in the opposite direction in order for them to buy they need sellers once we start selling they can buy then when the selling runs out of steam because we realize price it not going the way we want price goes in the opposite direction and usually shoots up. This is one part of the institutions manipulation.
This is the reason why indicators and ea's, macd, robots and all the others DON'T work long term they simply loll you into 1-2 winning trade short term and even more losses just like a casino.
We will never no what orders Institutions are working on they do work together sometimes in order to move the market.
All I do is spot the signs they leave each day at certain times to jump on board and follow there trades.
I would like to share the trades I take on a daily basis to give you an idea of how to trade profitably like the Institutions and see where YOU can jump on and ride the wave.
What you will need
1 hr Chart
15 min Chart
Plot last 3 Days High and Lows
If your new to trading I would look to trade 1 pair: EUR/USD
Trades will run most times for 40-90 pips a day
(unless it runs over for the next day this does not happen often).
I look for a 1-2 risk/reward 20 pip stop on EUR/USD
I trade London open best trading time for 2 hours and US open 2 hours 2nd best trading time.
Never Risk more than 2% of your account on any trade
How I Trade
every morning about 6.30 I pull up the 1 hour chart and daily to get the lay of the land the big picture so to speak. On the 1 hr chart I have the last 3days high and lows as support and resistance you don’t need more than that for day trading next I have a 15 min chart which is what I look at for taking the trades.
Then I need to see the Bias of the day
is it an (Up day or a Down day) which the waves and cycles tell me.
then simply wait for a set up to occur and take the trade.
The set ups to tell you the trade is ready
these patterns happen over and over again at certain times of the day, what I will show you is how to put it together and trade properly.
Candles to look for for extra confirmation for entry.
Pin bars, spinning tops, morning and evening stars, Reversal candles
I will show you how to trade the set up's and when, also types of entry aggressive and conservative.
ONE POINT TO REMEMBER: TO FOLLOW THE TRADES IT’S NOT ABOUT CANDLESTICK PATTERNS OR INDICATORS IT’S UNDERSTANDING WHERE PRICE IS LIKLEY TO TURN AND WHY, THESE ARE THE WAVES AND CYCLES, ONCE YOU NO THIS INFO YOU CAN BE VERY PROFITABLE AND TRADE A LONGSIDE THE INSTIUTIONS.
I will post Trade Reviews and Charts each day of trades taken which you can follow
This is not about taking 10 trades a day it’s about taking a few Quality trades per week for a nice profit and being in the 5% of successful traders and make money.
I also offer
FREE LIVE TRAINING SESSIONS AVAILIBLE:
MONDAY'S AND TUESDAY'S
9.00-11.00 AM NEW YORK TIME / 14.00-16.00PM GMT
How to spot when the banks are making there move and taking positions.
How to enter trades at the right time to give maximum profit.
How to set profit targets.
How to spot the tricks the banks do, but dont want you to no.
How the banks trade Cycles and Levels and how to count them.
How to spot what direction you should be trading for the week.
How to spot the high and low of the day being set.
How to spot what times of the day are the best to trade.
To Register log on to SKYPE My ID: forextraderukgroup
Last edited by james; 07-19-2012 at 04:57 PM.
If you like to learn how to trade the Markets properly i offer Free live training days