GUIDE TO USING MY TRADING SIGNALS WHEN YOU SUBSCRIBE
As a DRFX Subscriber to my Mentoring Service, receiving and correctly applying my Trading Signals form a key component of your trading experience that will tremendously improve your performance in the months ahead. With this in mind, I have outlined below some of the important rules and guidelines that are to be followed in order to derive maximum benefit from these Signals in your trading.
1. EMAILED TRADING SIGNALS
Once a Setup has been identified to be potentially profitable, you will be emailed the relevant information needed to understand and then trade the pair, along with the rules to follow for optimum results. This will be sent approximately 1 Hour before the 4 Hour or Daily Chart is expected to close to provide the Entry Signal Candle to trade.
The Swing Signals essentially will include the Daily and 4 Hour Charts of the Pair being traded along with the Entry Price, Stop Loss, Limit Order as well as the exact time when to close the trade if the target has not been hit. Both Charts will have brief descriptions of what is taking place, the Entry Signal provided and the expected movement and target (Support/Resistance).
GBP JPY DAILY CHART SETUP
GBP JPY 4 HOUR CHART SETUP
GBP JPY 4 HOUR CHART SETUP
2. REGULAR MARKET UPDATES
To ensure that you are prepared for these setups, regular updates will be provided during the day. These will identify setups that maybe too risky to trade and those that have a greater chance of offering profitable results.
I will point out the reasons why certain setups are too risky to be worth the effort and point out the specific signals needed for a potentially profitable setup to be traded.
The estimated time that these signals could arise will also be provided so that you will be able to adjust your schedule to calmly trade the setup.
3. ENTRY VS MARKET ORDERS
Where possible, entry will take place as soon as the 4 Hour or Daily Candle has closed with the expected Signal (MARKET ORDER).
However, if it would require too large a Stop Loss and a pullback in the price is needed, then this will be specified along with the recommended price (ENTRY ORDER).
4. RULES TO FOLLOW AFTER EXECUTING THE TRADES
To ensure optimum results, avoid emotional trading and unnecessary interference with our trades, the following restrictions are recommended for you to follow;
1. Close your Platform as soon as the Trade has been executed.
2. Never check Economic/Financial news related to the market and the pair being traded.
3. Do not analyse currency pairs correlated to the one being traded.
4. Never Check the trade itself until it has been closed or the holding period of 24 hours has expired.
5. CANCELLATION OF TRADE
These Signals will be sent within an hour of when the Candle is expected to be closed and I will specify the Price at which the Candle should close for it to be deemed strong enough to trade. However, if the Signal closes weaker than expected, I will send an email stating this.
The title of the email will state simply "TRADE CANCELLED" so that you can quickly abort the trade. The detailed explanation will follow in a subsequent email.
6. EXPLANATION OF TRADE RESULTS
All results will be examined to confirm the accuracy of the theory or to identify any mistakes that I may have made. This will be done in written form via email and by Video as part of the Daily Support offered to all DRFX Subscribers.
7. FREQUENCY OF TRADES
Since these setups arise 1 to 2 times weekly, most of the time spent during the week is dedicated to analyzing and avoiding weak and risky setups - which represent 90% of Market Movements. This means avoiding the impulse to trade frequently and to patiently wait for the right setup.
8. NEVER A DULL MOMENT - STAY SHARP
Even though most of the movements of the Daily and 4 Hour Charts are considered "boring" compared to the Lower Time Frames, there are times when these Candles can quickly change from weak and risky to profitable within a few minutes.
Even though I usually spot the possibility of a Signal at least an Hour before these Candles close to give you enough time to prepare, there will be situations where I will not see this possibility until just wihin 30 minutes or less of the close of the Candle.
Since many important news items like the Non-Farm Pay Roll take place 30 minutes before the close of a Daily or 4 Hour Candle, a quiet market can suddenly spring to life with the market reaction to these reports. This means I will sometimes have only a few minutes to first analyze the strength of the candle being formed and then send you the Signal.
We therefore have to be aware of the times when the Daily and 4 Hour Candles close during the day to be ready to trade them at a moments notice. Having your trading patform installed on your mobile device as I do is therefore very important as well as having the following guide handy in your photo gallery...
Even though I usually spot the possibility of a Signal at least an Hour before these Candles close to give you enough time to prepare, there will be situations where I will not see this possibility until just wihin 30 minutes or less of the close of the Candle.
Since many important news items like the Non-Farm Pay Roll take place 30 minutes before the close of a Daily or 4 Hour Candle, a quiet market can suddenly spring to life with the market reaction to these reports. This means I will sometimes have only a few minutes to first analyze the strength of the candle being formed and then send you the Signal.
We therefore have to be aware of the times when the Daily and 4 Hour Candles close during the day to be ready to trade them at a moments notice. Having your trading patform installed on your mobile device as I do is therefore very important as well as having the following guide handy in your photo gallery...
SUMMARY
This list represents what you can expect as a DRFX Subscriber and more importantly the main rules and guidelines that should be followed in order to take full advantage of my Trading Signals when a setup has been identified. Trying to watch our trades while they are in motion or listening to the news can lead to unnecessary hesitation and indecision that are never good for making correct trading decisions.
Once you obey these and other rules regarding my Signals on a consistent basis, you increase the chances of positive trading results over the long term.
Once you obey these and other rules regarding my Signals on a consistent basis, you increase the chances of positive trading results over the long term.
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Happy Trading
Your Mentor
Duane
DRFXTRADING
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CLEAR AND DEFINED LEARNING OUTCOMES
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CLEAR AND DEFINED SWING TRADING STRATEGY
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CLEAR AND DEFINED RATE OF RETURN TARGETS
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| Reflects the performance of the strategy since it began in February 2018. ________________________________ |
1. YOU WILL EXPERIENCE TRADING ACCURACY BEYOND THE COMPETITION
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NZD CHF CONSOLIDATION BREAKOUT IN JANUARY 2015
ACCURATE EXIT AHEAD OF THE SWISS NATIONAL BANK "SHOCKER" - JUST A FEW DAYS LATER
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| (See full description of this trade here New Year off to a Flying Start - 231 Pips & 194 Pips on NZD CHF Trade & more Financial Crisis trade results here 200 Pip Targets Still Hit During Financial Crisis ) |
Candlestick Patterns accurately identify the best Trading Targets ahead of both Normal and Abnormal Market Reversals.
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2. YOU WILL TAKE ADVANTAGE OF STRESS-FREE, INDICATOR-FREE SWING TRADING
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Instead of using Complicated Statistical Indicators or volatile Economic Data, the more reliable Japanese Candlestick Signals of the Daily and 4 Hour Charts are used to predict and trade the Weekly Direction of Currency Pairs.
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3. YOU WILL ENJOY TRADING WITH AN AGGRESSIVE 24-HOUR STRATEGY
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Despite these great results, a more aggressive strategy is now being used beginning February 1st, 2018.
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| (Some Trades - where justified - will use larger Stop Losses) |
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4. YOU WILL LEARN ABOUT THE WEEKLY RANGES OF CURRENCY PAIRS
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The First Step in Swing Trading the Forex with me is to accurately predict the Weekly Range Direction of the major Currency Pairs.
All Currency Pairs have Weekly Ranges which is their average Exchange Rate Price Movements expressed in Pips over 5 to 7 Days. Trading is then done in this direction to capture our Pip Targets according to our Swing Trading Strategy.
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5. YOU WILL LEARN ABOUT TRENDS & THE PATTERNS THAT LEAD TO TREND CHANGES
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Mastery of Downtrends, Uptrends and Trend Changes will be achieved with a detailed understanding of the Structure of these Market Patterns.
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6. YOU WILL LEARN HOW TO IDENTIFY CONSOLIDATION BOUNDARIES
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There are many schools of thought on how to draw Consolidation Support and Resistance Lines. However, the "Line of Best Fit" method is the only way to do this accurately.
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7. YOU WILL LEARN HOW TO PREDICT & TRADE FALSE CONSOLIDATION BREAKOUTS
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Instead of losing due to unexpected Consolidation Market Reversals, we can master and profit from them once we understand their Structure and the Candlestick Signals that start them.
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8. YOU WILL LEARN HOW TO PREDICT THE FORMATION OF CONSOLIDATIONS
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Once we are able to spot the Bullish and Bearish Waves that form Consolidations, we can trade these waves for large Pip gains instead of waiting until they are completed.
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9. YOU WILL LEARN TRADING TECHNIQUES THAT HAVE WON CONTEST PRIZES
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10. YOU WILL HAVE A MENTOR WITH A TRACKED & VERIFIED LIVE FOREX ACCOUNT
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| Reflects the performance of the strategy since it began in February 2018. |
At 10.18% from just 4 trades since February 2018, only a few trades are left to hit the first target of 14% before moving on to the next major targets.
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THE COMPREHENSIVE TRADING & MENTORING SERVICE
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EXAMPLE OF VIDEOS YOU WILL RECEIVE PRIVATELY EACH DAY
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WHO WILL BENEFIT THE MOST FROM THIS MENTORING SERVICE?
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Day Traders Looking to Switch to the Stability of the Higher Time Frames
Swing Traders looking for a New Trading Strategy
Japanese Candlestick Traders who want to further master these Powerful Trading Tools
Traders who no longer want to be Handcuffed to their Computers Every Day
Traders patiently focused on their Long-Term Success from this Market
New Traders who want both the Foundation and Advanced Level Knowledge to Understand this Challenging Market
New and Experienced Traders who want to Demo Trade to practice hitting Large Trading Targets before going/returning to Live Trading
Traders who accurately predict Market Direction but cannot decide on the right Pip Targets
Traders who are annoyed at being Stopped Out too early only to see the market continue to their Initial Targets!
Traders who want to avoid the temptation of interfering with their Profitable Trades – that would have closed on their own at a Larger Profit had they not interfered! Yes I’m talking about you!
Traders who want Real Trading Knowledge beyond the Recycled Information readily available to all
Traders who know that there must be a Method to this “ Madness”
Traders who are tired of Learning and Learning and more Learning and want to finally Dominate the Art of Foreign Currency Trading
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GET STARTED ON YOUR JOURNEY TOWARDS TRADING SUCCESS TODAY
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Standard Service includes the Trading Manual, Daily Video Lessons, Trading Signals & Daily Trade Support.
VIP Service includes the Standard Package & VIP Mentoring.
Both Services Renewable at 80% of Subscription Rate.
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Trading Manual Sent in PDF Format.
Video Lessons Sent at 6PM EST Monday to Friday.
Trading Signals Sent 1 Hour Before Each Trade.
VIP Skype Sessions are 30 Minutes Daily.
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Email me for your Subscription Invoice.
All Payment Types Processed by PayPal.
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Your Mentor
Duane Shepherd
(M.Sc. Economics, B.Sc. Management and Economics)
Currency Analyst/Trader
shepherdduane@gmail.com /(876)-3825648
Twitter: @WorldWide876
Facebook: DRFXTRADING
Website : Coming Soon - April 10th, 2018
Website : Coming Soon - April 10th, 2018
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RISK DISCLOSURE
All the information provided in this blog and as part of my Services, including the Trading Manual, Video Lessons, Daily Trade Support and Skype Mentoring represent my opinions on the relationship between Japanese Candlestick Patterns on the Daily & 4 Hour Charts and Exchange Rate Movements.
Although I use this information to execute trades in the Forex Market using my personal funds via a Live Forex Account, the Trading Signals I provide represent what I am about to do on a Demo Account that I also have at FXCM where no money is used and therefore where no investment can take place.
I do not provide Investment Advice and therefore my Trading Signals and my opinions about the Forex are intented to be executed on Demo Accounts.
Essentially, I am a Live Account Forex Trader who teaches you how to trade on a Demo Account. You can then use your performance on your Demo Account to enter Demo Account Trading Contests to win prize money, apply for Trading Jobs or use it when consulting with a Licensed Investment Advisor to decide if trading on a Live Forex Account is appropriate for you.
TRADING IS NOT FOR EVERYONE. TRADING FOREX INVOLVES HIGH RISKS AND THE POTENTIAL TO LOSE ALL OF YOUR TRADING CAPITAL
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Before deciding to use my material on a Live Account, you should speak to a Licensed Investment Advisor, carefully consider your investment objectives, level of experience and risk appetite. You can lose all of your invested capital.
There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.
Market Opinions
TRADING IS NOT FOR EVERYONE. TRADING FOREX INVOLVES HIGH RISKS AND THE POTENTIAL TO LOSE ALL OF YOUR TRADING CAPITAL
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Before deciding to use my material on a Live Account, you should speak to a Licensed Investment Advisor, carefully consider your investment objectives, level of experience and risk appetite. You can lose all of your invested capital.
There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.
Market Opinions
The content provided by drfxtrading.blogspot.com is for educational purposes only.
No information presented constitutes a recommendation by drfxtrading.blogspot.com to buy, sell or hold any security, financial product or instrument or to engage in any specific investment strategy.
Any opinions, news, research, analyses, prices, or other information contained on this blog are provided as my opinion of how Exchange Rates move in accordance with Japanese Candlestick Patterns and do not constitute investment advice.
Drfxtrading.blogspot.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information on a Live Forex Account.
YOU are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
You should NOT rely solely upon the information or opinions that you read on the blog or receive via my Services. Rather, you should use what you read and receive as a starting point for doing your own independent research, your own independent analysis, and refine your own trading methods before placing your money at risk.
Internet Trading Risks
There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since drfxtrading.blogspot.com does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, I cannot be responsible for communication failures, distortions or delays when trading via the Internet.
Accuracy of Information
The content on this website is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
drfxtrading.blogspot.com has taken reasonable measures to ensure the accuracy of the information on the blog.
However, drfxtrading.blogspot.com does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the blog, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website.
Distribution
This blog is not intented for distribution or use by any person in any country where such distribution or use would be contrary to local law or regulation.
None of the Services offered are to be used by persons from a country where the provision of such services would be contrary to local law or regulation.
It is the responsibility of visitors to this blog and users of my Services to ascertain the terms of and comply with any local law or regulation to which they are subject.
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Distribution
This blog is not intented for distribution or use by any person in any country where such distribution or use would be contrary to local law or regulation.
None of the Services offered are to be used by persons from a country where the provision of such services would be contrary to local law or regulation.
It is the responsibility of visitors to this blog and users of my Services to ascertain the terms of and comply with any local law or regulation to which they are subject.
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