This is right after we hit the big level of 2873 which I have mentioned several times. In my last video, I said if we stay below 2873, we will go down. That is exactly what happened
TRADING WITH THE
MAGIC WAVE
Make 50 or more pips each and every day using this simple to use Strategy
This is my gbp-usd trades on friday 13 2012. After the news about S&P downgrading several EZ countries, USD got strong accross the board creating several good trades
Price Retrace into the MAGIC WAVE
then comes out with a Momentum Bar
while INDICATORS confirm the Entry
Price was moving sideways in a decending distribution face and when the indicators were in line, I got my trigger candle closing outside the wave and below 200 ema. WOW There was nothing to stop it from falling after that.
Solid bullish candle closes outside the MAGIC WAVE and above the 200 ema while my INDICATORS were giving me a green light to go long. Look what happened after that .
I RATHER TRUST A TRADER WHO HAS TRIED A STRATEGY 1000 TIMES
THEN A TRADER WHO HAS TRIED 1000 STRATEGIES
Beautiful trade by the Book ( My book ) .Nice Bearish engulfing candle ( Momentum Bar ) closing strongly outside the wave and below the 200 ema while my INDICATORS were perfectly in line in bearish mode.
Subject: My Best Week Ever!!
You know, what attracted me to your system at first was this saying on your website. " I RATHER TRUST A TRADER WHO HAS TESTED ONE STRATEGY 1000 TIMES THEN A TRADER WHO HAS TESTED 1000 STRATEGIES. " It seems like the more that I trade this system the better I get with it. Close to 700 pips this week, before I would be lucky if I made that in two months. It is the way that you have taught me to look at the markets that is so fantastic!! Today, EURUSD completed a 5 wave pattern at a resistance area that just happen to be a 1.382 extension of the previous high. I dial down to the 1 min chart and wait for an entry, I look to the other pairs that I am trading I see a similar setup coming to life. The price pulls back into the wave, I enter on a momentum bar. Over 200 pips today and it is only 9:30!! I think that that is it for me for that week, the great thing is that I will repeat the same on Monday!!
Have a great weekend Sam,
Thank you a lot!!
TRADING INVOLVES
Support & Resistance, Supply & Demand, Channels. Trend Lines, Fibonacci, Elliott Waves, ,
Harmonic Price Patterns like Gartley, Bat, Butterfly and Crab and Candlestick formations
Even if you get all this knowledge, would it guarantee success? Not until you build yourself a
TRADING SYSTEM
Why do we need a trading system ? Because we simply cannot control our emotions like Fear of loosing and Greed. After many years of learning about the knowledge i mention above, i started to build different strategies for different time frames. Higher time frames such as H4 and Daily takes days and sometime weeks to make the right setup to trade. As a full time trader, what you do in the mean time ? So i started to build strategies for intraday charts like H1, 15 , and 5 min charts. Finally i came up with this Strategy and it works like a charm. Although it gives me setups on all time frames, I myself uses it mainly for 5 and 15 min. charts.I am attaching some charts below for you to look at. My charts speaks for themself and requires no explanation.
Even though the price spiked below the MAGIC WAVE, still managed to close inside the wave and then the next candle was my trigger candle closing strongly outside the wave and above the 200 ema while my indies were in bullish mode. There is no winning setup better then this you can find. Come on board what you waiting for ?
SOME E-MAILS I HAVE RECIEVED FROM BUYERS
1) I had it today Sell on USDJPY and Gold, 60 pips and 400 pips respectively :)
2) Why did you take these trades on the 15min chart as opposed to the 5 min, which is usually the timeframe that you prefer and they were equally as clear?
Keep up the great work. I really want to learn all I can about this fantastic system of yours.
3) Yes, thanks...I had several good trades on 1 min chart also, not much pips around 15 to 20 but it was good to know that it works fine...thank you... I also saw your 5 min and 15 min TF trades, very nice one indeed
4) Hi Sam
Its really really COOL Sam, so after the prices touch AC line, whats going next...
When will you have Forex Seminar Sam, just email us, we will be there.
Have a great weekend.
5) I took the same one. Entry at 1.6013 though (still closing below the magic wave). I closed half my position at S1 (1.5990). Still using half my position, going for S2.
6) if people need an explanation of your very simple system, they shouldnt be playing in this market.
PS by simple i am not suggesting it does not have value, on the contrary i am having a fair bit of success with it. Unlike some overpriced robots and pdfs which are as much use as a chocolate ashtray...
I am a 30 year vet of the forex markets having been on Nat West banks Deutsche mark dollar desk in the 80s, but i am always learning new things.
keep up the good work
7) I'm on it, nice trade..
8) seen it, got it thanks and again this morning a sell at 6027
9) I can't say enough good things about your fantastic system. Thanks for sharing it and all the help you are giving us all with advice and daily screenshots
10) Your the man!!, keep up the good work, I'm off on hols for a week.
This AUD-USD entry came right after the opening of asian session on the Jan.10th.2012. I was in the AUD-USD trade already from a day before and this was a new trade for the 10th.
What can I say . Even 1 min chart gives you such a beautiful setups for little scalp like this. Took 62 pips fast and easy.
This 1 min entry produced 68 pips trade
This AUD-USD entry was at 1.0175 and it went straight to the Resist. at 1.0300.
