Foresight FX Review & User Guide

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How to trade profitably

with ForesightFX:

The User Guide

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Disclaimer (The Boring Bit) U.S. Government Required Disclaimer - Trading foreign exchange on margin carries a high level of risk and may not be

suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in

foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The

possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest

money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and

seek advice from an independent financial advisor if you have any doubts. The purchase, sale or advice regarding a

currency can only be performed by a licensed Broker/Dealer; Neither us, nor our affiliates or associates involved in the

production and maintenance of this service or this site, is a registered Broker/Dealer or Investment Advisor in any State or

Federally-sanctioned jurisdiction. All purchasers of services or products referenced at this site are encouraged to consult

with a licensed representative of their choice regarding any particular trade or trading strategy. No representation is being

made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past

performance of any trading system or methodology is not necessarily indicative of future results. You must clearly

understand this: Information contained here and in the signal service is not an invitation to trade any specific investments.

Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to

lose. This document does not take into account your own individual financial and personal circumstances. It is intended for

educational purposes only and NOT as individual investment advice. Do not act on this without advice from your

investment professional who will verify what is suitable for your particular needs and circumstances. Failure to seek

detailed professional, personally tailored advice prior to acting could lead you to acting contrary to your own best interests

and could lead to losses of capital. *CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE

CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL

TRADING. IN ADDITION, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER

COMPENSATED FOR THE IMPACT OF ANY OF THE CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED

TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF

HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES

SIMILAR TO THOSE

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Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Pages 4 – 5

Our Philosophy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 5

Best Time To Trade . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Page 6

How to Read the ForesightFX Forecast Page . . . . . . . . . . . . . . . . . . . . . .Pages 7-10

The Steps to Success with ForesightFX (main content) . . . . . . . . . . . . . .Page 10 – 30

Step 1: Getting the Forecast Alert . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Page 11

Step 2: Plot the Synergy Zone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Page 11

Step 3: Plot the Targets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 13

Step 4: Watch the Video . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Page 14

Step 5: Omegavus MACD Confirmation . . . . . . . . . . . . . . . . . . . . . . . . . . Page 15

Step 6: Moving Averages Confirmation . . . . . . . . . . . . . . . . . . . . . . . . . . Page 17

Step 7: Elliot Wave Confirmation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 19

Step 8: Pivot Step Entry When Synergy Zone is Hit . . . . . . . . . . . . . . . . . Page 20

Step 9: What if the Synergy Zone is Missed . . . . . . . . . . . . . . . . . . . . . . . Page 22

Step 10: What if Price Moves Through Synergy Zone Stop Loss Level. . .Page 25

Step 11: What if Carlos Recommends a Pivot Step Entry (no Synergy Zone) . Page 25

Step 12: Stop Loss and Risk Management . . . . . . . . . . . . . . . . . . . . . . . . Page 28

Step 13: Managing Your Trade Through the Targets . . . . . . . . . . . . . . . . Page 29

Final Thoughts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .0

ForesightFX Trading Checklist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 30

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Imagine a future where . . .

You live in the house of your dreams. You dine at the best restaurants in town.

You take long expensive luxurious holidays. Your family’s future is financially

secure and you certainly don’t need to waste your time with a 9-5 job because

money is abundant. Does that sound good?

Well trading can give you all this and more, but it doesn’t come easily. Yes, I

hate to say it, but if you sincerely want to “make it” in the world of forex

trading then you will have to learn to think and act like a professional forex

trader. There’s really no other way around it. I know the sales pages of those

forex robots scams, trade copiers and magical EA’s are tempting but let’s just

get real for a moment. I’ve met hundreds of successful traders over the last 20

years in the industry and not one of them made their fortune easily by simply

“plugging in” one of the solutions mentioned above. How did they make their

fortunes?

The vast majority of the successful traders I’ve met did it by learning how to

read the markets. They learned how to interpret price action. They had a plan

(a trading edge) that worked and they stuck to it until they got the results they

desired. Here is the good news . . .

If you are reading this guide, you are on the right path. We have helped

countless struggling traders turn their frustration to freedom. What we do will

work for you provided you play your part. Do not underestimate the power of

what is being offered here. It took me 20 years of experimentation and well

over $100,000 in forex education and mentoring to arrive at where I am now. If

you are on the inside of ForesightFx you are going to be looking over my

shoulder daily to see how I plan my trades. You will not only have the game

plan, but you will have it explained to you clearly – everyday. You will be

getting a direct insight into my trading methodology and mindset. Essentially

that means you are getting the inside track towards becoming a professional

trader. If that is something you truly want then please put everything you have

into this opportunity. I can only open the door, but you have to walk through

it.

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In the rest of this guide one of my team is going to take you through the basics

of trading with ForesightFx. Think of this as your cheat sheet. It’s here to get

you up to speed and help you understand and follow along with my daily

forecasts. I’m confident that if you understand how ForesightFx works early on,

you and I will have a long and prosperous journey together. I know this

because I’ve seen it happen over and over again. This is real trading for serious

traders. If you are just playing around with trading and aren’t really serious

about becoming a successful trader then just stop reading now. Like I said, this

is your chance to make amazing things happen in your life, so please take it

seriously – your future happiness might just depend on it.

Great to have you on board!

Happy pip hunting,

Our Philosophy

ForesightFx is about real trading for serious traders. Therefore we practice

patience. We trade when we have a high probability of winning and we sit back

and watch the market when the probability does not fall in our favour. We

treat every trade like our life depends on it. We are not gamblers. The markets

are not our casino. This is our business. Risks are calculated and managed. We

exist for one reason only - to enable you to build massive wealth through forex

trading. This will not happen overnight. Your accumulation of wealth will

probably fall in line with your accumulation of knowledge and practice.

Discipline is required. We know that becoming wildly successful at anything

isn’t necessarily easy, but it is worth it. ForesightFx is your map and your

compass. We will guide you to massive profits if you play your part.

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The Best Time to Trade

The best time to trade using the ForesightFx methodology is between 6am

GMT and 1pm GMT. This is when the markets are at their most predictable. At

1pm – 2pm GMT the USA market opens and things become much more

volatile. You can still trade outside of our recommended hours but we urge you

to do so with extreme caution. Always check for news reports and keep a close

eye on the ForesightFX confirmations (MACD, Moving Averages, Elliot Waves,

Pivot Steps) which you will learn about in the rest of this guide.

‘No Trade’ Days: Newbies Vs Advanced Traders

Carlos is fond of saying: “We trade with the trend, because the trend is our

friend!” What this really means is that we only trade when there is a very clear

upward or downward trend in progress. We do not trade in a sideways market.

We trade with the trend in order to ensure a high probability of our trade

working out as expected. This sometimes causes us to have days where we

literally cancel our plans to trade and stay out of the market until a much

clearer trend is apparent. These are known as ‘No Trade’ days.

New traders typically dislike these ‘No Trade’ days because they feel they have

to be “in the markets” as much as possible to be a real trader (whatever that

is). More advanced traders, especially those who have lost a lot in the past,

tend to understand and respond better to ‘No Trade’ days. They understand

that avoiding volatile or uncertain situations is just as important to your

monthly bottom line profit as entering winning situations. That is a

professional traders mentality.

Please understand that the purpose of ‘No Trade’ days is to ensure you get to

keep as much of your capital as possible. Individual wins and losses are largely

irrelevant – how much you take home at the end of the month is what really

matters.

When there is a ‘No Trade’ day, Carlos will still make a forecast video so you

can understand the thinking behind the decision and learn from it.

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How to Read the ForesightFX Forecast Page

Below I will take you through the various sections of the forecast page. This is

the page you will use most as a member. This is where all of the components

for that days trading strategy are laid out.

1. BUY/SELL Instruction – This is found at the very top of the forecast page.

This section enables you to see at a glance which currency trades we will

be looking to participate in that day. It also tells us whether the

probabilities lie with a buy or sell set up. Knowing this immediately gives

you a trading advantage. You now know with good probability which

way the markets are likely to move for a particular currency on that day.

This is what that sections looks like:

2. Daily Forecast videos – These can be found just below the BUY/SELL

instruction. In these videos Carlos gives his analysis from the previous

day of trading. This allows you to get a deep insight into how you should

have traded and allows you to understand where you might have gone

wrong if things didn’t go to plan. Carlos then moves on to his forecast for

that day ahead and explains how you should manage your trades.

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Watching these videos is crucial because Carlos will give extra insights

and training that the numbers listed on the page won’t reveal. Having

access to these videos is like having a coach or mentor. You are getting

insights from a 20 year professional who trades for a living. The videos

look like this (below) on the page. Just click on them to play. If you click

the icon in the bottom right corner of the videos (two diagonal arrows)

the videos will play in full screen. Just to the left of that is the volume

control.

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(Please note: if you are having any trouble watching the videos please

try another browser).

3. Synergy Zone – This is the highly calculated area where price is most

likely to hit and change direction. Carlos works out the parameters for

this area every day for members (provided it’s not a “no trade” day). He

lists the details in the forecast area the night before trading. The Synergy

Zone is calculated using pure price action activity. It is not based on

news reports or anything like that. It is a complex calculation that has

been allowing us to predict market movements for years. Later on we’ll

show you in more detail how to use the Synergy Zone for maximum

effect. This is where you find that information on the forecast page

(outlined in red):

You will see how to plot this on your chart later in this guide.

4. Targets – These are highly calculated areas where price is likely to reach

after changing direction. This is worked out using Carlos’s own

methodology which relies on price action activity. We have three targets

where price is likely to reach. Since the probability of reaching each

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target decreases as price moves through them, knowing where they are

allows us to manage our money by decreasing our contract sizes as we

progress from one target to the next. We will cover this in more detail

later in this guide. You will find the targets as shown below on the

forecast page (outlined in red):

5. News Releases Calendar – News releases can disrupt the market and

throw our price action based forecasts out of kilter. Therefore we

recommend you trade between 6am GMT and 2pm GMT. This is when

the markets are at their most stable and predictable. However,

sometimes you may want to hold trades longer. In these cases it is

important to check for news releases that could affect your trades. The

link to the calendar can be found at the bottom of the forecast page.

The Steps to Success with ForesightFX

In the following sections I will take you through the daily process you will need

to go through in order to trade successfully with us. I will also take you through

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possible scenarios that are likely to come up. Once you understand everything

you might want to change things around to suit your own style.

Please note that the steps below might seem complicated when you first look

over them but but in reality (after a bit of practice) you will find setting up the

charts takes no more than a few minutes per chart. After that you simply need

to keep an eye on price action in order to find a “trigger” for a buy or sell

opportunity. Please don’t worry if this doesn’t make sense yet, it will all fall

into place as we progress.

This guide is really intended to be an overview of the basics in order to get you

up to speed and allow you to join in with trading as soon as possible. However,

the really powerful knowledge and insights will come via the daily forecasts

available to all members and the further training videos in the VIP training

section of the website which are only available to full ForesightFX members.

So let’s get down to business . . .

Step 1: Getting the Forecast Email Alert

The daily process normally begins with an email from Carlos Diaz and it will

look something like this:

Open that email. It is there to let you know the daily forecast is ready. The

email should always arrive well before 6am GMT. If for any reason you do not

get the email just login to the membership anyway and see if we have trading

set ups for the day laid out on the forecast page.

Step 2: Plot the Synergy Zone

In order to plot the Synergy Zone on your own MT4 chart simply follow the

instructions below.

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2.1. Copy the figure you find on the forecast page in the Synergy Zone section

that relates to the pair you are looking at (just highlight the number, right click

on it and select ‘copy’).

2.2. Go to your MT4 chart and select the horizontal line drawing tool from the

tool bar at the top.

2.3. Click on the chart to draw your horizontal line. Then double click on the

line you just created. Then click on the small box at the end of the line (to the

right) to bring up the options. Select “Horizontal Line Properties.” Add the

figure you copied over from the Synergy Zone section of the forecast page as

shown below.

Click on the tab called ‘Common’ if you wish to change the colour of the lines.

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2.4. Repeat this with the second figure in the Synergy Zone line (for the pair

you are concentrating on) so you have two horizontal lines across your chart.

2.5. Select ‘insert’ in the menu bar and scroll down to ‘shapes.’ Then select the

rectangle drawing tool. You can now draw a rectangle in between your plotted

Synergy Zone lines. Put this rectangle starting at 8am GMT and finishing

around 2pm GMT (you can use any colour you like). This is your Synergy Zone

for that day and should price hit this area it is highly likely to change direction.

The example below shows how this might look for a potential SELL set up.

What if there is no Synergy Zone but Carlos indicates a Pivot Step Entry?

If Carlos indicates a Pivot Step Entry without a Synergy Zone you can skip the

steps mentioned above. We will discuss that situation on page 24.

Step 3: Plot the targets

Now we have the Synergy Zone plotted it’s time to plot three targets for the

currency pair we’re working on. Follow the instructions below to achieve this:

2.1. Highlight and right click to copy the figure given for the first target on the

forecast page.

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2.2. Go over to MT4 and use the horizontal line drawing tool as we did earlier

(when drawing the Synergy Zone lines). Input the figure as before to get your

first target in the right place.

2.3. Repeat this process for the second and third targets also.

The example below shows how your chart might look after the Synergy Zone

has been hit in a SELL set up and price is moving towards the targets.

Step 4: Watch the video

Watch the video and make notes on what Carlos recommends for that day of

trading. Many key insights are shared in these videos so it pays to give them

your full attention, even on ‘no trade’ days.

It is especially important to watch the video if Carlos has indicated a Pivot Step

Entry without the Synergy Zone.

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Please don’t worry if you find the forecasts confusing at first (especially if you

are new to trading and ForesightFX). Carlos is an advanced trader and is

sharing some high level strategies in these videos so it might take little getting

used to. However, we find over and over again that traders who stick with it

and give it their full attention quickly get used to the forecast videos and start

to profit as a result.

Important note: Now that we are set up we need to look for triggers to enter

trades. In the following sections (Step 5-7) we will be looking at various

indicators that we use as confirmation to help us find potential triggers/entries

to get into trades. Please note that most indicators are lagging indicators. This

means they are providing information that is not up to date. In turn this can

cause traders to make decisions based on old/incorrect metrics. Inside

ForesightFX we have unique insights that transform lagging indicators into

leading indicators. This means we can use these tools to help us predict market

movements and confirm that our predictions are correct. That is what we’ll be

looking at in the next steps.

Step 5: Omegavus MACD Confirmation

The MACD we use inside ForesightFX has been specially modified for our needs

and is only available to full members. If you are not a full member but would

like to get this MACD you can upgrade your membership by using the upgrade

options inside the ForesightFX back office. Once there you will also find full

instructions on how to set up the MACD and more insights on how to use it.

Even if you are not a full member, this next section is still useful as Carlos will

often show the MACD in his forecast explanations.

How the MACD works

The MACD we use has two levels on it. The 80 line and the 20 line. You can see

them marked below. In order to get the most accurate results we use the 4

hour chart. Below is an example of how it looks on your chart, underneath the

main price action graph.

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The MACD is really there to help us identify major trends before they happen. I

have outlined the steps below that are needed to identify these potential

trends:

5.1. If you are looking to confirm the market tendency for a potential bullish

scenario (a turn to the upside) you should expect to see the blue line cross the

red line below the 20 line like this.

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5.2. If you are looking for a potential bearish scenario (turn to the downside)

you should expect to see the red line cross the blue line above the 80 line like

this.

Step 6: Moving Averages Confirmation

The next step in confirming whether or not you have a potential entry into a

trade is to look at the moving averages. Follow the steps outlined below to get

them set up for the ForesightFX trading methodology:

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6.1. If you don’t have moving averages showing on your MT4 chart simply

move your mouse over to the Navigator section on the left side of your MT4

and find the section on Moving Averages. Once you have it in your sights, you

simply drag it onto your chart.

6.2. Click on the red line and enter the figure 34 in the box marked ‘Period.’

6.3. Do the same as mentioned above for the blue line but enter the number 8

instead of 34 in the box marked ‘period.’ Your chart should now look

something like this:

How to read the Moving Averages

6.4. If the blue line crosses the red line it indicates a potential BUY set up.

6.5. If the red line crossed the blue line it indicates a potential SELL set up.

The best chart for analysing the Moving Averages is the 1 Hour chart.

Moving Average are also lagging indicators (especially on bigger timeframes)

so we are only using them to confirm what we already suspect – that a

potential trade set up is occurring in the direction we are anticipating.

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Step 7: Elliot Wave Confirmation

Elliot Waves are the technical name for the way price moves up and down in

wave-like shapes. In forex these waves tend to take five different moves to

reach their conclusion, after which they tend to reverse. The example below

shows a typical Elliot Wave pattern moving downwards. Each wave has been

numbered.

When using Elliot Waves as a confirmation in the ForesightFX system we simply

have to zoom out and identify which wave we are on in the current set of Elliot

Waves. Doing this is useful for us because we can draw certain conclusions

about how price is likely to move in future if we can identify where we

currently are in an Elliot Wave cycle.

In a typical Elliot Wave cycle the longest waves are wave 3 and wave 5.

Entering into a trade on these waves gives us the best possible chance of

gaining maximum pips.

In order to identify where you currently are in an Elliot Wave cycle you need to

read the chart from right to left while identifying the most significant price

highs and lows during a particular trend. This will allow you to figure out

whether a trend is just beginning (waves 1 or 2), is in the middle (wave 3), or is

coming to an end (waves 4 or 5).

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Having this information gives us yet another edge when trading and also adds

another level of confirmation to our analysis of the market.

Confirmation Strategies Insight:

Each confirmation strategy discussed above gives you a small piece of the

puzzle. However, when you put these three strategies together you are able to

understand the market on a much deeper level. Many new and experienced

traders end up losing because they do not take the time to properly analyse

the market in this way. This is how professional traders operate – they don’t

gamble, they make considered strategic moves. This is part of our core

philosophy inside ForesightFX.

Step 8: Pivot Step Entry When Synergy Zone is Hit

Once we are confident that price is moving in the direction we want it to

(based on the factors mentioned above) we can look for an entry into the

trade. In this section I will walk you through the perfect scenario we are hoping

for - a direct hit where price reverses from the Synergy Zone area. However,

it’s not just a case of price hitting the Synergy Zone that tells us to enter the

market. There needs to be one more confirmation in order for us to

confidently enter the trade. This is what I will explain next.

The Steps Needed to Find an Entry Once Price is Inside the Synergy Zone

8.1. Select the trend line drawing tool found in the tool bar on MT4.

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8.2. In this example we will use an expected down trending scenario from the

Synergy Zone. Find the two most significant low points on the line that has

entered the Synergy Zone. They are points A and B on the example below.

8.3. Now draw a support line between those points, going through the Synergy

Zone (if you were expecting to BUY would do the same thing with a resistance

line). The example above also shows how this support line would look.

8.3. Once price is inside the Synergy Zone we are looking for it to significantly

break the most recent trend line we have drawn. This will be our entry point

into the trade and is clearly marked “SELL” in the example above.

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Step 9: What if the Synergy Zone is missed?

Sometimes things just don’t go to plan. That’s natural, especially in trading as it

is definitely not an exact science. Although we are using an accurate

methodology inside ForesightFX, along with highly calculated areas and

targets, we can’t expect a 100% hit rate. That just isn’t realistic (despite what

the forex scammers might tell you about their “magical” systems). However,

knowing what to do when things don’t go as expected is the key to finding

success when trading the markets. That is what we are dealing with in this

section.

Take a look at the example below. It shows a scenario where price didn’t go

into the Synergy Zone as expected, but it did hit the projected targets.

Wouldn’t it be great if we could enter a trade and take profits from this

scenario before the targets are reached? That is what this next section is all

about.

As price is approaching the Synergy Zone it is worth keeping a close eye on it to

see whether there will be any warning signs for a reversal before hitting the

Synergy Zone. If that happens we can use the Pivot Step System to find a trade

entry. Here are the steps needed in order to achieve this.

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9.1. Check the MACD on the 4 hour chart. Is it confirming our suspicions that

the trend will move in the direction we are expecting? (See step 5 if you need a

recap on how the MACD works).

9.2. Check the Moving Averages on the 1 Hour chart. Do they confirm our

suspicions of the direction price is intending to move? (See step 6 if you need a

recap on how this works).

9.3. Can you identify which wave of the Elliot Wave cycle we are on?

Remember that waves three and five are the biggest. This might give you a

clue as to what is about to happen.

9.4. If the confirmations mentioned above are looking strong, and price seems

to be moving away from the Synergy Zone towards the targets you should do

the following. If you have an up trending market, draw resistance lines along

the top of the price bars connecting the two most significant highs.

Alternatively, if you have a down trending market you will be drawing a

support line along the two most significant lows. Below is an example of that

kind of scenario for an up trending market.

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The two most significant high points on the first trend line have been circled in

blue.

9.5. You are looking for a significant break of the trend line in the direction

you are intending to trade. Point A represents the first potential entry into a

trade in this situation. By looking at this and all of the other factors mentioned

you should now decide whether or not to enter the trade. If you are not

confident to enter the trade at this point, move to the next step.

9.6. It is likely that there will be a small pull back after the first break out in this

kind of scenario. If you want to wait for that situation to arise and then plot

your pivot step again when this pull back happens you can. This is further

confirmation of what is unfolding here. This is illustrated below with the

second trend line. Point B marks the next potential entry into the trade.

As you can see we are using multiple levels of confirmation in order to confirm

our intentions to enter a trade here. Hopefully you can see by now that we are

definitely not gamblers – it’s all about strategy.

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Step 10: What if the price moves through the Synergy Zone stop loss level?

If price moves through the Stop Loss level, located at the top of the Synergy

Zone (as shown below), we normally cancel our trading plans for the moment.

When this happens it is likely that price will move in the direction we were not

expecting.

Step 11: What to do if there is no Synergy Zone and Carlos recommends a

Pivot Step Entry

On some days Carlos will see a potential opportunity on the markets even

though there is no Synergy Zone. This requires you to use the Pivot Step

System to find an entry into the trade (if you feel comfortable doing so). There

is video training and case studies on the Pivot Step System in the VIP videos

section available to full members, so we recommend you check those out

when you can. You can also watch the webinar recording available to all

members too. This covers live examples of the Pivot Step System in action.

When this situation occurs you will already know whether it is a BUY or SELL

opportunity from the forecast and you will have targets laid out too. The next

steps are really about finding an entry without having the Synergy Zone to help

you.

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11.1. Find the last two major support points that price is giving us. Then do the

same with resistance points. The example shows how this would look for a

down trending market. Note that resistance points must go upwards from right

to left. Support points must go downwards from right to left.

11.2. Use the trend line drawing tool to draw a line connecting the points you

identified in the last step. That will look something like this. Notice how the

resistance line goes up and the support line goes down when looking from

right to left – this will always be the case.

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11.3. Wait until you see a significant break of your trend line in the direction

you are expecting the market to move. This is your entry point shown below.

11.4. Measure the distance between point A and point B. This will form a

triangle. We can now predict that the price will move a similar distance for the

next cycle. This gives us a potential target area before the next big change in

the trend. The example below shows how this scenario played out in real time.

Feel free to look it up on your own MT4 chart and plot the lines (27th June – 30

min chart).

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For a more in depth look at this please watch the webinar recording in the

members area – available to trial members and full members.

Step 12: Stop Loss & Risk Management

When using the Synergy Zone you set your Stop Loss level at the top of the

zone for a SELL set up and at the bottom of the zone for a BUY set up.

When using the Pivot Step System you will need to find your own Stop Loss

level and decide how much risk you can afford to take on. The following steps

will show you how to do that.

12.1. Find the last significant low (in an up trending market) or high (in a down

trending market) on the price chart. This is shown below for a down trending

market.

12.2. Decide how much capital you are willing to risk by literally giving it a

dollar value. This can seem tricky but it’s really just a case of asking yourself

how much capital you would feel comfortable losing if things didn’t work out in

the way you expect. That’s your worst case scenario. This will differ from

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trader to trader depending on account size and confidence in this particular

trade.

12.3. Now measure the distance in pips between your entry point and your last

significant low/high and add another twenty pips to it.

12.4. Now divide the amount of capital you can risk (found in section 12.2) by

the amount of pips (found in section 12.3). This will tell you which contract size

you can trade in this particular case.

Example:

Let’s use an up trending market as an example here. You decide you can risk

$150 on a trade without damaging your account or making you feel emotional

about the loss of that capital. You then measure the distance between your

entry point and the last significant low and find there’s 47 pips between these

two points. You then add 20 to that number of pips (giving you 67 pips). You

set your Stop Loss 20 pips below the last significant low. You then divide the

capital you can risk by the number of pips like this:

150 / 67 = 2.23

This means you can trade only 2 mini lots so you enter 0.200 as your Stop Loss

when placing your order.

For a more in depth look at this technique in action please check out the Street

Wise Money Management video available to all members in the back office.

Step 13: Managing the trade through the targets

In order to cover ourselves and keep our profits safe whilst we are in a winning

trade there is one more thing we need to do. We need to manage our risk as

price moves. Just follow the steps outlined below to do this:

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13.1. Watch your confirmations (MACD and Moving Averages) as price is

moving. Also take notice of how the market has been moving previously – is it

a strong trend? These things will give you an idea of how likely it is that the

trend is going to continue moving in that direction. Depending on your

confidence level in the trade, take profits after 20 – 40 pips. Then open a new

trade using half the contract size you were just using and move your Stop Loss

to the breakeven point.

13.2. When price reaches the 1st target look at the MACD and the Moving

Averages and see if price is still looking likely to continue on in the same

direction. If things are looking good you should close the trade you have open

and take profits. Now open a new trade using half of the contract size of the

last trade. Move the stop loss to the breakeven point. This will protect your

profits if the case of a reversal while allowing you to continue trading.

13.3. If the indicators warn us of a possible change in the trend we need to

take profits and get out at this point.

13.4. When price reaches the second target do the same as above.

13.4. When the final target is reached, close the trade.

Final Thoughts . . .

I hope you have enjoyed this guide and have found it useful. There is plenty

more in depth training and case studies available in the VIP Videos section of

the membership which you can access now if you are a full member. The

MACD we use can also be found there as well along with the MACD training

videos. Full members also get access to our Forecast Video Vault which gives

you access to the last few months of Forecast videos from Carlos. There is

enough real life trading knowledge contained in that section to keep any

trading junky happy for a long time.

Our system is all about patience and strategy. That might not seem as

glamorous as some of those flashy “forex miracle systems” that hit your inbox

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everyday but it’s the only true way to make long lasting profits trading forex.

Thanks for choosing to trade with ForesightFX.

ForesightFX Trading Checklist

Below is a quick reference guide to help you when you’re looking to pull the

trigger on a trade.

1. Plot your trend lines. This should immediately show you where the

important support and resistance points are. Remember, we are looking

for a significant break of the trend line to confirm the markets intention

to move in a specific direction.

2. Check the MACD on the 4H chart. This will give you an early warning of

the momentum price currently has:

- Red crossing blue above the 80 line = Potential SELL opportunity

- Blue crossing red below the 20 line = Potential BUY opportunity

3. Check the Moving Averages on the 1H chart:

- Red crossing blue = Potential SELL opportunity

- Blue crossing red = Potential BUY opportunity

4. If you are not using the Synergy Zone Stop Loss level as calculated by

Carlos (for example if you have a Pivot Step entry) you need to work out

your own Stop Loss level.

5. Now do your money management calculations to work out how much

capital you are willing to risk on this trade.

6. Enter the trade with the appropriate contract size.

7. Take profits after 20 – 40 pips depending on your confidence in the

trade. Your confidence will depend on the factors mentioned above.

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8. Does the current price movement look set to continue in your direction?

If so, re-enter the trade with half of the contract size and move your

Stop Loss to the breakeven point. This will allow you to continue in the

trade whilst protecting your capital.

Foresight FX Review & User Guide

Economy & Finance

Transcript of Foresight FX Review & User Guide