Dear Traders,
How has your trading been? I hope you had splendid trades using the various strategies that I have been sending across to you via mail and for people who do call me on phone, I hope that I have been of immerse benefit to you as regards forex trading.
In August this year, I became very sick and tired of forex trading, not that I do not have a winning strategy but my problem is that I spend so much time on my laptop looking for trade signals and opportunities; sometimes I may spend up to 14 hours a day in front of my laptop and I may end up getting nothing for the day, sometimes I may stay for a week watching one particular currency pair and at the end of it all I may get nothing. Although I do make money too anytime am able to establish a very strong signal. I discovered that forex trading consumes all my time cos I hardly have time for any other thing else. To curb this menace I started looking for a way out
There are two categories of forex traders, first we have the traders that hold the believe that technical analysis is the ultimate in analyzing the market by the use of one or more technical indicators and secondly, there are traders that believe so much in fundamentals i.e news trading, but I discover that sometimes technical indicators might be deceiving and for news traders, the news that moved the market this month may not even have impact on the market the following month despite the fact that forexfactory say the news is high impact. Even the mighty NON-FARM PAYROLL does not usually have effects every time. There are so many high impact news that do not have impact at all in the forex market.
All traders irrespective of whichever method they adopt when trading hold the believe that following trend is the best way to make money in forex but you will agree with me that to know the beginning of a very strong trend is very difficult, it is when the trend has been established that traders now think of strategies that they will use to follow the trend. I made an observation in JULY on USD/CAD pair when there was a technical impulsive wave during a news release and that moved the pair up to over a 100pips in 1hour. Since then I have been following that kind of a setup on all the major pairs.
In AUGUST I started paying closer attention to the major pairs during news time although am a technical trader to the core cos I do not trade the news most times. I concentrate more on technical analysis. I discovered some things between August and September concerning that setup.
I discovered that the market would have been in a clear trend before the release of the news.
I discovered that there would have been an impulsive wave towards the release of the news, [although it worked as a corrective wave in one instance]
I discovered that such news tends to have high impact [volatile] either forexfactory says so or not.
I ALSO NOTE THAT ALL TRADERS EITHER YOU ARE A TECHNICAL ANALYST OR A FUNDAMENTALIST ARE FACING THE SAME DIRECTION AS AT THAT POINT IN TIME.
This is how it works, the technical traders would have been in the market much more earlier than the news traders cos the technical traders would have started trading once they identify the trend, then the news traders will wait for the release of the news event for them to join the band wagon so long as the news that is released favours that direction. Now you will note that as at that point in time. The technical traders are already in profits so they do not want to pull out of the market and then the news traders are also in profits and none of them wants to leave a profitable trade prematurely.
Lastly I told you in one of my mails that news and technical analysis are both kings in the forex market it all depends on which one you are comfortable with, you will note that at that point in time when everybody are facing the same direction, TWO FORCES ARE EXACTING PRESSURE ON PRICE,
THE TECHNICAL IMPULSIVE WAVE
THE NEWS THAT HAS JUST BEEN RELEASED.
In the light of these price has no place to turn to other than the direction that all traders either small traders like us or big cooperation and bank face.
In October, I gave this set up a try on one of my live accounts and the system gave me over 100% return on investments. It was just too wonderful and the beauty of it is that am no more tied down to my laptop as I used to before all I do is that I just come to my laptop during news time, do the analysis and then if am able to spot an impulse wave with the technical setup and the news released happens to be in that direction I will just enter the market with CONFIDENCE AND PEACE OF MIND and then watch my profits roll in. However if you want to trade this kind of setup, you must have the following qualities.
You must be very patient in identifying the setup cos it may happen just 3-4 times in a month. It has happened 4 times this month but I was able to trade just 3 cos I missed one.
Do not be tempted to trade the news alone if it is not backed up by the technical setup cos the news may retrace back or spike the other way.
Do not be tempted to overtrade cos a 70pips take profit is appropriate on USD/CAD pair and 50pips on other pairs. You may be tempted to overtrade cos you will discover that most times the trade do go as far as 100 – over 130pips in a single trade within 1-2 hours.
I also discovered that the highest pullback I got on any of the trades I placed using this strategy this month was just 15pips and it was on GBP/USD pair cos of its volatility.
You can also trade this setup on 15mins,30mins 1hr or 4hrs time frames, it all depends on which of the time frames triggers the trending impulsive wave.
Let me give you a breakdown of the how I traded with the strategy this month.
On Friday the 3rd of October there was a news release from Britain i.e. GBP SERVICES PMI The figure released was negative for GBP and I spotted the impulsive wave on 4hr chart and a regular impulsive on 30mins, and another impulsive on 15mins I got 50pips profit .Note that that day was the day of NON FARM.
On Monday the 6th of October there was a news release from Canada i.e. CAD BUILDING PERMITS M/M. The figure released was negative for CAD and I spotted the impulsive wave on 1hr with a double bottom candle, I got 70 pips from that trade and that swelled my account. That trade delivered a total of 200pips within 3hrs.
On Thursday the 16th of October there was an OIL INVENTORIES NEWS release and the figure released was positive for the dollar. I spotted an impulsive wave on the 1hr chart of USD/CAD. I got 70pips from the trade. The trade delivered a total of 103pips in within one hour
Those are the break down of my trades for October so far. You can check those news and their effects on the charts I have mentioned above The only indicators needed to trade this setup successfully are PATIENCE, STOCHASTIC OSCILLATOR, MACD, and a TRENDLINE. Those are the only indicators needed.
The only news that will be avoided is CPI NEWS OR CORE CPI cos their performances are not encouraging at all.
Am prepared to share this strategy with traders who are interested in it with a 100% IRON CLAD MONEY BACK GUARANTEE. I will take you by the hand and lead you all the way i.e. I will teach you the system ONE-ON-ONE myself it takes less than 4hours to grab i.e. if you have been trading forex before.
After training you, I will also add you to my yahoo messenger list where I will be giving you the lead on pairs to trade on any news event we will be trading. I and you will kind of do the analysis together before placing trades and I WILL ALSO ADVISE YOU ON THE APPROPRIATE LOTS YOU WILL USE DEPENDING ON YOUR ACCOUNT SIZE COS THAT IS VERY ESSENTIAL TO YOUR TRADING SUCCESS,
So traders if you are interested in learning new and better ways of trading that has not been TAUGHT BY ANYBODY IN THIS COUNTRY then you are in the right hand cos this strategy is just the SIMPLE APPLICATION OF COMMON SENSE since you will know the time that all traders are facing the same direction all you do is just join them at the release of a news event.
This strategy is MY OWN PERSONAL BRAIN WORK, IT IS NEITHER A SOFTWARE NOR A ROBOT, and IT IS NOT THE WORK DUPLICATED FROM SOMEONE ELSE [NO] AND JEHOVAH GOD IS MY WITNESS TO THIS FACT.
IF you are interested in MY ONE-ON-ONE TRAINING FOR THIS STRATEGY OR YOU WANT ME TO MANAGE A FOREX ACCOUNT FOR YOU. YOU ARE TO FUND YOUR FOREX ACCOUNT YOURSELF ALL I DO IS TRADE FOR YOU AS I DO NOT COLLECT CASH FROM ANYBODY. YOU WILL BE ABLE TO MONITOR THE ACCOUNT TOO FROM YOUR SIDE.
YOU CAN CALL ME ON THESE PHONE LINES OF MINE,
Call AKINRIBIDE OLUWASEUN ON
08034444375, 07027002547
OR
forexismoney99@yahoo.com. You can also get to chart with me on my yahoo messenger of this same email address. I can train you anywhere within Nigeria
Thanks a lot and happy trading.