Our Trading Strategy...
The
Forex-Advisor live coached-trading strategy is an intra-day
strategy using methods of identifying trades adapted
from some of the best traders and educators in the industry.
At the core of the current strategy are trades based
on a specialized way of executing "pivot trades",
break out trades, and a method of trading at the time
of economic news announcements that was developed in-house.
These techniques are simple to follow, have a good success
ratio, and are commonly used by banks, financial institutions
and professional Forex Traders alike to trade currencies
on the foreign exchange.
By
intra-day we mean that it will be only rarely that a
trade will extend beyond an 8-10 hour trading session.
Since most of the trading volume occurs in the 4 major
currency pairs we will concentrate on those, with occasional
trades in usdcad, and audusd. Also, since the major
currencies tend to move at the same time in the same
"dollar moves" we will pick the currency pair
which is leading the move and trade that pair rather
than make a flurry of calls with each move. This will
keep trading simpler and easier to manage.
Our
'Trading Results' page shows the actual results generated
by performing one trade in a major currency move at
one time. Although currency moves are reflected in other
currencies simultaneously, Forex Advisor's philosophy
is to provide focused real-time coaching by determining
the currency leading the move and entering one trade
at a time because this approach enables more trading
manageability and greater risk management for our subscribers.
Profits may then be further increased, at the subscriber's
option, by simply trading more lots in that one trade.
Research
shows that the average move for a currency during a
session is reasonably large (76 pips for EurUsd) and
quite consistent. A trading goal then will be to identify
the direction of the major move for the session and
find the safest possible entry point to catch as much
of the move as possible.
In
our own trading we use very stringent risk management
protocols and encourage subscribers to do the same.
To that end, we offer a free coaching session to any
member subscriber who wishes to develop or obtain feedback
about their own risk management strategy.
Due
to the nature and time frame of trader coaching on a
Live Platform, several types of trades are not suitable
to be called even though they offer excellent trading
opportunities. Our Private
Coaching or Training
Seminars however do teach these other trading concepts
as quick 10-15 pip in-and-out trades, opportunities
created by spikes, trading Yen, higher risk/reward trading,
mirror-currencies trading, long-term trend trading,
range trading, additional pivot point techniques, and
more.
Actual
Example
The
trade that you see on the chart below was plotted using
the trading strategy described above. Here you see the
Pivot Point Strategy chart used in an actual trade that
occured Friday, Nov. 28, 2003 where EURUSD was traded
for a 76 point profit.
Pivot
Point Plotter by Forex-Advisor
Friday,
Nov. 28, 2003 Trading
Strategy :
The
trade was entered at point "A" on the
chart buying EURUSD at 1.1904 with a target price of
1.1980.
Later
at point "B" half of the trade was
closed at 1.1936 for a 32 pip gain and the stop loss
was raised to break even to protect the second half
of the trade.
When
the price reached our target of 1.1980 at point "C"
the second half of the trade closed automatically with
a 76 pip gain.
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