FORECASTING TOOLS THAT ALL FOREX TRADERS NEED




The Candlestick Signal and Patterns in the Trading Manual are extremely powerful in forecasting and taking advantage of the Currency Market each week. However, even if you are a Swing Trader or Day Trader with your own trading strategy, the power of these tools to accurately predict major market movements will definitely enhance your trading success.

The Daily and the 4 Hour Charts are undoubtedly two of the most significant time frames in the Forex Market. This therefore means that breakouts and reversals that take place on these charts have a major impact on the other time frames you trade on and your profitability in general. By ignoring them as Day Traders, you could be caught by surprise with reversals that appear out of nowhere while as Swing Traders, you could miss additional signals that provide even more trading opportunities.


There are various patterns of Candlesticks that have been identified to predict the formation of Consolidations as well as when reversals of several hundred Pips will take place. Once you incorporate these into your Trading Plan, you can be better prepared to exit at the right moment before the market has a chance to take away your gains.


FORMATION OF CONSOLIDATION
_________________________________

 CONSOLIDATION FORECAST - CAD CHF 
SEPTEMBER 2, 2015
(FXCM Charts are used for Chart Analysis &Signals as these use the New York Close of the Daily Candle - crucial for Price Action/Candlestick Strategies)







ACTUAL FORMATION OF CONSOLIDATION 
DECEMBER 10, 2015
(FXCM Charts are used for Chart Analysis &Signals as these use the New York Close of the Daily Candle - crucial for Price Action/Candlestick Strategies)




ACCURATE EXITS AHEAD OF SHARP REVERSALS
_________________________________

SHARP CHF GAINS IN JANUARY 2015
(Actual Trades done using the Dukascopy Trading Platform)





 CHF JPY TRADE IN NOVEMBER 2015




SHARP REVERSAL CHF JPY IN DECEMBER 



EURO JPY TRADE IN NOVEMBER 2015



SHARP EURO JPY REVERSAL IN DECEMBER




As you can appreciate from these examples, the ability to forecast Consolidation and spot reversal points will help you to maximize trading gains and side-step the traps that lead to major losses. This is why it is extremely important for all types of traders to utilize and understand the dynamic behind the Larger Time Frames. It is very easy for us to get caught up in getting as much out of a trade as possible especially after a recent loss. However, knowing when it is necessary to cut our profits before they turn into losses will be the determining factor in your long-term success.

















Comments

  1. ICS Cyber SecurityMay 28, 2016 at 2:27 PM

    Very nice article. this signals will definitely useful for beginners.
    tradoraxexperience

    ReplyDelete
  2. BloggerSeptember 9, 2016 at 3:49 AM

    Hey Everybody,

    Below is a list of the most recommended forex brokers:
    1. Best Forex Broker
    2. eToro - $50 min. deposit.

    Here is a list of money making forex tools:
    1. ForexTrendy - Recommended Probability Software.
    2. EA Builder - Custom Strategies Autotrading.
    3. Fast FX Profit - Secret Forex Strategy.

    Hopefully these lists are benificial to you...

    ReplyDelete

Post a Comment

Popular posts from this blog

STRATEGY NOW UP BY 23.78% WITH RECENT 2.00% USD CHF TRADE

Image
This trade involved trading the False Breakout Reversal Setup that was taking place on the Daily and 4 Hour Charts last week, amidst the period of risk aversion across markets in reaction to the on going Coronavirus outbreak. This quick and aggressive trade took just 4 Hours in providing me with a 2.00% Rate of Return, just ahead of the Bullish Reversal that took place at Support. With this result, the new strategy is now up by 23.78% from just 14 trades, pushing me closer to the next major target of a 30% Rate of Return. As long as we carefully and patiently wait to only trade the setups with a High Probability of Success, large Rates of Return are possible for us in this difficult market.  VIDEO HIGHLIGHT OF THE USD CHF TRADE The main factors related to this trade that you'll seen in the Manual and in the more detailed Video Analysis available only to my subscribers were: 1. Accurately Identifying Consolidation...
Read more

SHARP GBP USD RALLY PREDICTED 7 DAYS AGO

Image
As predicted several days ago, the GBP has rallied sharply above major Support area of 1,2000 to start an uptrend that will take it up to the 1,2750 area by Wednesday January 25th, 2017. This is all part of the predicted  formation of a Consolidation Setup on the Daily Chart. In the screen shot of the Private Video Tutorials sent to DRFX Subscribers (www.drfxswingtrading.com), you can see the blue line used to indicate where I expected the rally. PRIVATE VIDEO LESSON - JANUARY 10, 2017 In the screenshot and Youtube Video below of January 18, you can see that the rally took the form of a strong Bull Candle - exactly where I predicted. PRIVATE VIDEO LESSON JANUARY 18, 2017 This projected Consolidation is based on the type of bullish and bearish waves on the Daily Chart. From the Trading Manual, you will see that there are certain types of waves that tell us when the market will form a Consolidation. ...
Read more

FOREX TRADING MANUAL & TRADING SERVICES

Image
The ability to accurately forecast and profit from the movements on the Forex Market is what you will enjoy with this  Trading Manual and Swing Trading Services . DRFX FOREX SWING TRADING With this Manual, you will learn the Techniques based on Candlestick Patterns that determine market direction every day. You'll be able to apply this knowledge to your Swing, Day Trading or Scalping strategies for Maximum Returns every week, as you trade your way to Long-Term Wealth . PREDICTING MARKET DIRECTION & PATTERNS There are times when you may be trading what appears to be an Uptrend on the 30 Minute Chart only to realize that this was part of a temporary reversal on the Daily Chart leading to unexpected losses. These problems are easily solved with the  Manual  as you’ll discover the main  Technical Factors  of the Daily and 4 Hour Charts that allow you to accurately...
Read more