How to Catch Huge Market Moves -...

207

Transcript of How to Catch Huge Market Moves -...

HowtoCatchHugeMarket

Moves

byLRThomas

http://10xroitradingsystem.comhttp://10xroitradingsystem.com/the-

ebooks

AllRightsReserved.Nopartofthispublicationmaybereproducedinanyformorbyanymeans,includingscanning,photocopying,orotherwisewithoutpriorwritten

permissionofthecopyrightholder.CopyrightLRThomas©2014OtherBooksWrittenbyL.R.ThomasMarketRhythms

The10XROITradingSystem

TableofContents

1.WhyYouShouldGoFortheHugeMoves2.WhyShouldYouListentoMe3.UsingCompoundingandPyramidingwithHugeMovesforQuantumGrowth4.ExampleOne

...EUR/CADTradeMultipleEntries5.ExampleTwo..AnotherEUR/CADTradeMultipleEntries6.ExampleThree...AnotherEUR/CADTradeMultipleEntries7.ExampleFour...EUR/JPYMultipleEntries8.ExampleFive..GoldMultipleEntries9.ExampleSix..Day

TradingExamplesontheEUR/USD10.CatchHugeMovesWithAScalpEntry11.Conclusion12.Resources

WhyYouShouldGoFortheHuge

MovesIfyoudoanysortofresearchabouttrading,theconsensusseemstobethatalotoftheprofessionaltradersfollowthe80/20rulewhenitcometotheirprofitabletrades.Thatis,mostoftheirtradesareeitherlosersorsmalltomediumsizedwinnersanditisthebig

monstertradesthatmakeupforthemandaddthenecessaryprofits.Thisbookisallabouthowtofocusonandspendyourtimecatchingthebigmovesintheforexmarketorindeedanyothersuitablemarket.Ifyoulikenittofishing,nolongerwillyouspendyourtimewithyournetcastwidetakingeveryspratormackerel.No,youaregoingafterthebigkahunaoffish,theswordfishorAlaskasalmon.Fishyanalogiesaside,themessage

isthatyougetwhatyoufocuson.Ifyouarefocusingoncatchingeverylittlemovethemarketmakesthenyouwillgetthosetypeofresults,smalluncertainrewardswithnobigpaydaystomakeupforthelosses.Howeverifyouonlyfocusongettingthebigrewards,youwillstillhavelossesbutyouwillknowthatyouwillbeperfectlyplacedtotakeadvantageofthebigmoveswhentheycome.Inordertounderstandthe

examplespresentedthroughoutthisbookyouneedtohaveabasicunderstandingoftechnicalanalysis,howeverthetechniquesareverysimpleandeasytounderstandastheyarebasedonusingmultipletimeframescombinedwithchartpatternsandsupportandresistance.

WhyShouldYouListentoMe

WellthetruthisyoushouldonlylistentomeifyourinnervoiceconfirmswhatIamsaying.Therearealotofmixedmessagesinthetradingarenaanditiseasytobecomeconfusedandhopfromsystemtosystem.IknowwhereofIspeak

becauseIhavebeentradingnowfornineyearsandhavetakenhundredsofcourses.IntheendhoweverIhadtolistentowhatcommonsensewastellingme.Whatmakesthemostsense?fightingitouteverydayforafewpointshereandthereandmissingthebigmovesbecauseIwasunabletofocusenoughtocatchitintime?

Orputtingeverythingelseasideanddecidingtoonlyspendmytimeoncatchingtradesthatofferedthebestopportunitiestoprofitinthemarket.TheanswerwasobvioustomeandifthatmessageresonateswithyouthenthismaybethemostimportanttradingbookyoueverreadandIdon'tsaythatlightly!

Inthisdayandageofhundredsofthousandsofsourcesofinformationallfightingforourattentionitiseasytogetdistracted.Howeverintradingifyouwanttosucceedyouhavetopickatradingmethodologythatsuitsyouandmakessensefromamathematicalstandpoint.AsyoureadthoughthisbookIleaveituptoyoutodecide

ifwhatIamsayingmakessense,andifitdoesthenmakethedecisiontofocusonlyoncatchingmovesthatareworthitinordertofulfilyourdreamofmakingitasaprofitabletrader.

UsingCompoundingandPyramidingwithHugeMovesforQuantumGrowth

Anotherreasonthatisimportanttogoforthebigmoves,isthatinordertoreallybuildyouraccountyoumaywanttouseacompoundingtypeofmoneymanagementand/orpyramidingtechniquestomultiplyyourprofits.

(Detailsofthesetechniquescanbefoundinmyotherbooksintheresourcesection)Inordertousepyramidinginyourtradingyouneednicelongrunssoyoucanhavespacebetweenyourtradestobuildupyourprofitsandreduceyourriskbeforeyouaddtothetrade.LikewiseifyouareusingadvancedmoneymanagementtechniquesyougetthemostbangforyourbuckifyouhaveaveryhighROI,(ReturnonInvestment).Naturally

youwanttocombinethesefactorswithashighawinrateaspossible.Nowwhileyoucan'tensureahighwinratethereisonefactorwhichhelpsalotandthatistrademomentum.Ifyouaretakingatradeandyouareusingthehourlychartforentrybutyouhavethemomentumofthehighertimeframesbehindyou,thenitisalotmorelikelythatyourtradewillactuallymovetoitstakeprofit.Ifyoucancombinethemomentumwithusingtradingtechniquesthat

allowyoutoreallynarrowdownyourstoplossareatofindthehighestprobability,lowestriskentriesthenthatreallyisasgoodasitgetsintrading,thatistherealtradingholygrail!Thesetechniquescanbeusedinanymarketbuttheyarebestusedinmyopinionina24hourmarket,suchasForex,Gold,Indicesetc.Thereasonisthatyoudon'twanttoendurebiggapsinyourtrading,particularlywhenyouareusinghighleverage.

Itisalsoimportanttonotethattheterm‘bigmove’isdifferentdependingonwhattimeframeyouarefocusingyourtradingon.Apositiontraderwillcallabigmove5000pointsormore,anendofdaytraderanythingfrom500to1000points,aswingtrader200to500pointsandadaytrader70to200points.Iamgoingtoshowyouhowtolookforthesetypeofmovessothisbookisapplicablewhatevertimeframeyoutrade.Sowhatisthisbookabout?This

bookwillshowyouhowtopredictandenterthebigmoves.MyexamplesarefromtheForexandGoldmarkets,howeveryoucanapplythesetechniquestoanymarketthatofferscleantechnicalpatterns.Thekeymessageofthisbookhoweveristhatyouneedtoabandonthetypeoftradingwhereyouwaitfortradeseverydayasifyouwerewaitingforabusandinsteadyoutakeaviewthatyouaregoingtostalktradesasifyouwereabiggamehunter.Youturn

intoastrategictraderwhereyourentirefocusisonfindingthehighestrewardtrades.Thereasonthisisimportantbecauseyousimplycan'tdoitallintrading.Inordertobesuccessfulatsomepointyouaregoingtohavetomakeachoice.Ifyouarenotcutouttobeascalperwhoentersandexitsthemarketmultipletimesduringtheday,(andmostpeoplearen’t)thenthisbookisapplicabletoyou.Solet’sgetonwithsometradeexamplessoyoucanseeexactlywhatImean.

ExampleOne...EUR/CADTradeMultipleEntries

IntheimageaboveyouseeamonthlybreakoutontheEUR/CADpair.ThismovetookplacebetweenJanuaryandMay2010.Thebreakisacombinationbetweenamonthlytrendlinebreakandbreakofmonthlysupport.Thegreyedoutareaistheareathatwillhaveahugeamountofmomentumduetothebreakout.Thereasonisthatthehigherthetimeframeyougothebiggerandstrongerthemove.Sohowdoyoucapturethismomentum?

Theansweristousethelowertimeframestofindsafepointsofentry.Seethenextcharts.

Inthechartabovethegreyedareashowswherewewouldbelookingforshortentries.ThisisadailychartontheEur/Cad.Wearedroppingdowntothedailycharttolookforpatternsandareasofsupportorresistancetohelpnarrowdownsomesafeareastoenter.

AboveisthesamecharthoweverIhavenowputintheupperandlowerbrowndashedlineofthemonthlybreakoutlineandsupportlevel.Youalsoseethatthedailycharthadformedadownwardslopingchannelbetweenthetwo.Thedownarrowshowsaclassicsidewaysdojicandlesentrypatternatthethirdbounceoftheupperchanneltrendlineandthetakeprofitwaseasilyhitatthelowerchanneltrendlinewhichalsocoincidedwiththelowerdashed

brownlineofthemonthlysupportlevel.Theentrycandlesfellonthe26thorthe27thofJanuary2010.Thestoplosswouldhavebeenabovethepincandlejustunderthedownarrow.Inthiswayyoucanseehowamonthlychartcanbeusedtodeterminemomentumandanendofdaycharttopickyourlowestriskandhighestrewardspotforentry.Inthissituationthechoicewouldbetotakeprofitsattheoppositesideofthedailychannelorthebrowndashed

monthlysupportlevel.Thetrickistousethesetimeframestogetherwithchartpatternscombinedwithcandlepatternswithinthemonthlysupportandresistance.

Therewerefurtherentriesintothismove(seenextchart),inthischartyoucanseeagreendottedlinemarkedbythedownarrowthatformsanentryfora10XROIPush-Pulltradeonthe1stofFebruary2010.(The10XROITradingSystembookisinreferencesectionattheendofthebook.)HereisalinktoavideothatexplainsthePush-Pullentry.http://10xroitradingsystem.com/pushpull

Theideasbehindthistypeoftradeistodropdowntothehourlychartandreallyfinetuneyourentryusinghourlytechnicalanalysis,trendlinebounces,andbreaksofhourlysupportforentries.Yourexithoweverwouldremainthesameasonthepreviouschart.ThisishowwecapturethebigmovesandgetahighROIintothebargain.Wewouldswitchbacktotheendofdaycharttomonitorthemoveuntilthetakeprofit.

ExampleTwo..Another

EUR/CADTradeMultipleEntries

HereisanotherexampleofhowtocatchahugemovestillusingtheEUR/CADpair.Youcanseethattherewasastrongmonthlyresistancezonewhichwasbrokeninastrongmoveupbetween

November2013andMarch2014.Thepricethenformedahugedojipincandleandreversedoffthehigherbrowndashedmonthlyresistancelinebackdowntopreviousmonthlybrokenresistancezonenowturnedsupport.ThedownmovetookplacebetweenMarch2014toSeptember2014.Thetwoshadedareasbothupandthendownofferhugemoveopportunities.Againwearetakingadvantageofthemonthly

momentumandlookingforentriesusingthelowertimeframes.

Opportunity1TheMoveUpStillusingthemonthlychartyoucanseebelowtherearethreearrowsnexttothethreedottedpush-pulllevelsthatprovidedaplacetolookfortheendofdayorfourhourlyentriesintothemove.ThesetookplaceinSeptemberandNovember2013andJanuary2014.(Thepush-pulllevelis

describedinmybookthe10XROItradingsystemintheresourcesectionoranexplanationcanbefoundonthisvideohttp://10xroitradingsystem.com/pushpull

ThechartaboveisthedailychartofthepreviousmonthlyupwardsmoveontheEur/Cad.YoucanseethatthemonthlyPushPulllevelscoincidedwithanupwardslopingdailychanneltrendlineinthefirsttwomonthlylevels.Thethirdmonthlypush-pullentrycoincidedwithadailysupportlevelshownwithagreendashedline.Soyoucanseehowweuseadailychartpatternlikeachannelcombinedwithmonthlysupportlevelstopinpointourentryzones.

ThenextstageistofindverypreciseentrylevelsbydroppingdownevenfurtherintimeframetothefourhourlychartAtthefirstmonthlylevelyoucanseetherearemultiplefourhourentriesusingpincandleswithinafourhourchannelthatformedatthatareaorbywaitingforthebreakoutofthechannel.Thefourhourchannellinesupwiththefirstdailytrendlinetouchshowninthepreviouschart.The‘x’smarkwherethestoplosseswouldbe.

(seenextchart).

Inthenextchartyoucanseethedailyareaaroundthesecondmonthlypushpulllevel.Atfirstglanceonthedailycharttheredoesn’tseemtobealowriskentry.Howeveryoucouldhaveenteredusingthepincandlereversalpatternwithastopbelowthespike.WhenyoucalculatetheROIonthetradehoweveritshouldbeatleasta1-5tomakeitworthwhile.

Howeveronthenextchartyoucanseethatwhenyoudropdowntothefourhourchart,youcanseefourhourlysupportandresistancelevelscombinedwithpincandlesthatprovidedsomegoodlowriskentries.Hereisatip,whenyouplaceyourstopslookforthenearestlevelofmicrosupportbelowaprevioussupport.Thiscanhelpprotectyoufromstophuntingasyoucanseeinthenextchart.Thedoubledashed

anddottedbluelinesrepresentmicrosupport,thedashedanddottedbluelinesrepresentfourhourlysupportlevelsandthegreendashedlinesrepresentdailysupport.

Thefinalmonthlylevelshowedlittleopportunityforentryonthedailychart.ThebrowndottedlineisthemonthlyPushPulllevelandthegreendashedlinesrepresentdailysupport.

Howeveronthefourhourchartthereweretwobreakoutopportunities.Thegreendashedlinesrepresentthedailysupportandresistanceandthebluedashedanddottedlinesrepresentthefourhourresistancelevels.ItwouldbesafesttowaitforthedailybreakwhichiswhyIhaveputtheentriesabovethegreendashedlines.

ExampleThree...AnotherEUR/CADTradeMultipleEntries

TheEur/CadReversalMove

Wearenowgoingtolookathowtoenterthemonthlyreversalintotheshortsideofthepreviousupmove.

Wecanseeonthedailychartbelowthattherearegoodspotsatathegreendailychanneltrendlineandpullbackstopreviousdailysupportlevelstolookforentries.

Howeverwhenwegodowntothefour hour chartwe can really finetuneourentries.Herearethefirsttwopotentialfourhour entries at the pull back todaily support now turnedresistance, the first trade wouldonly haveworked as a short termswingtrade.However the second entry couldhavebeenheldforthewholemovedown. The green dashed lines are

daily support and resistance andthe blue dotted and dashed linesare the four hour support andresistancelevels.The stop losses should go abovethe previous blue four hourresistancelevel.

Thethirddailychanneltrendlinecoincideswithapreviousdailyresistancelevelmakingthereversalevenmoreprobable.Therewasanentryonthedailychartattherailwaytrackscandlepatternwithastopabove.Entryisontheclosedredreversalcandle.(Itwasn’taperfectcandlepatternbutitreversedwithenoughstrengthtoconfirmthechangeinmomentum.

Howeverwhenyoudropdowntothefourhourchartyouseeaclearerentryonthefirstbreakoffourhoursupport.Thedownarrowshowsthefourhourentryandthestopgoesabovethepreviousmicroresistanceofthetwopreviousfourhourcandleswhichformedtwolittlesidewaysdojis.

ExampleFour...EUR/JPYMultipleEntries

Onthechartbelowwecanseehowpricehasbouncedoffastrongareaofmonthlysupport.

Whenwelookmorecloselywecanseethatpricehasalsobrokenupthroughamonthlytriangle.

Sotogetagoodentryintothemonthlymomentumwedropdowntothedailychartwherewecanseethattherewasagreendailylowerchanneltrendlineformedatthebrowndashedmonthlysupportlevelandpricebouncedoffitwithahugereversalpincandleconfirmingtheupwardmove.

Atthispointintimewedon’tyetknowthatpriceisgoingtobreakthroughthemonthlytrendlinesothetradesatthatpointshouldbeshorttermtradestakenonafourhourlyoronehourchartwithapotentialexitatthemonthlytrendline.

InthenextEur/Jpyfourchartyoucanseewherethefourhourentrycandleswouldbeandwherethestopswouldbeplaced.Youcanseethatthefourhoursupportandresistancelevelscombinewithafourhourchanneltogivediagonalaswellashorizontalsupporttothetrades.thecandlepatternsatthoselevelsarebothpincandles.

WhenwedroptothehourlyEur/JpychartwecanfindevenmorepreciseentriesinthepullbackstothehourlybrokenresistancelevelswhichIhavecolouredorange.Seehowpricemovesinsidewayscandlesatthoselevelsconfirmingthattheywillhold.

BreakoutoftheEur/JpyMonthlyTrendlineInordertofindanentryinthishighmomentummoveafterthemonthlytrendlinebreakweneedtodroptothefourhourlychartsowecanfindentriesintothemoveafterthemonthlytrendlinebreak.Thebluedashedlinesaresupportlevelsandthebluedoubledottedlinesare

microsupportwhereIhaveplacedstoplosses.

Ifyouwerewillingtodropevenlowerintimeframesthisiswhatthesamechartlookslikeonthehourlytimeframe,whichwouldgiveyouevenmorefinelytunedentriesafterthemonthlytrendlinebreak.Belowyoucanseeanupwardslopingchannelwithstrongsidewaysmovementatthechanneltrendlinesgivingus

alowriskareatoplaceatinystop!

Therewereevenmorehourlyentrieshigherupinthemove.Drawingchannelsandusingdiagonalsupportcombinedwithhorizontalsupportisverypowerful.

InthenextchartIhaveshrunkthechartsoyoucanseetheentirechartwiththeentriesbothinsidethemonthlytriangletrendlineandafterthebreakout.

ExampleFive..GoldMultipleEntries

InthechartbelowyoucanseetherewasamonthlytriangleontheXAU/USDchartorGoldasitisknown,(althoughitisreallyGoldversustheDollar).

WhenwegodowntotheweeklyXau/Usdchartwecanseeagreyedareaofhighmomentumwithinthetriangle,ofover13,000points.

WhenwegodowntothedailychartXau/Usdwecanclearlyseeadailychannelwhichprovidesmultipleentryopportunities.Youcanalsoseethechoiceofexitsateithertheoppositesideofthechanneloratthenextlevelofmonthlysupport.

Herearesomespecificentriesusingthepreviouschartusingcandlepatternsandresistancelevelsforend-of-dayentries.ThefirstcandlepatternisaclosedPush-Pullwhichfellon5thSeptember2014andthesecondentryisacloseddojicandlewhichfellonthe28thSeptemberafterabreakofdailysupport.

Hereiswhatthecloseddailypush-pulllookslikeonthefourhourchart.YoucanseethatIhaveplacedthestopabovetheuppersupportlevelwhichformsamicrosupportlevelandthefourhourpincandleistheentry,

Theseconddailybounceonthechanneltrendlinelookedlikethisonthisnextfourhourchart.Youcanseethatthecandleformedsupportlevelsthenbrokethem.Theentriesaremarkedwiththestoplossesaboveapreviousresistancelevel.

Whenyoudroptothefourhourversionofthepreviouschartyoucanseetheclosedpushpullareaisactuallyafourhourdojicandlewhichclosesatthepreviousfourhourresistance.Youcouldenterusingthefourhourcandlewithastopaboveapreviousresistancelevel.

Hereisasecondopportunityonthefourhourchartswheretheseconddailyentrywasattheupperchanneltrendlineusingfourhourbreaksofsupporttogetanentry.

InTradeManagementHereishowyouwouldhavemanagedthesetwotradesusingtrailingstopsonthefourhourchart.NoticethatIhaveusedacombinationofpullbackstoprevioussupportlevelsandreversalcandlepatternssuchaspincandlesandsidewaysdojistoplacethestoplosses.Theseareareasthatpriceshouldnotreturntounless

thereisachangeofdirection.TradeOneontheXau/Usd

Trade2ontheXau/UsdOnthesecondXau/Usdbounceoffthechanneltrendlineyoucanseehowtotrail

thestopusingthefourhourcharts.Ihavetightenedthestopnearthemonthlysupportbecauseifyouwantedtoholdthetradeuntiltheoppositesideofthedailychannelyouneedtobeawarethatpricecouldreverseatastrongmonthlysupportlevel.Howeverinthiscaseyoucanseeitwentstraightthroughandthefinalexitwouldhavebeenattheoppositesideofthetrendline.

ExampleSix..DayTradingExampleson

theEUR/USD

Whenwearegoingtospendourtimedaytrading,wewillgenerallylooktotakeprofitswithinthesameday.Wewanttogetabigprofitofbetween70-200pointsandso

westillwanthighmomentummoves.Inordertodecidewhatcurrencypairtofocusonitiswisetostartoffwithamonthlychart.SeethemomentumopportunityontheEUR/USDchartbelow.

Wecanseeitevenmoreclearlywhenwedroptotheweeklychart.Herewecanseepricebouncedoffthemonthlytrendlineandalsobrokeanupwardslopingweeklychannel(weeklytrendlinesarepink.monthlytrendlinesarebrown).Themovefallsbetweenthe20thJuly2014untilthe28thofSeptember2014.

InmytradingIusetwomovingaveragestovisuallyseemomentum.InthenextchartyoucanseeIusea3simplethreeperiodmovingaverage(red)andasimpletenperiod(green)fortheslowermovingaverage.Theareaswherepriceismovingsofastthatpriceisexceedingtheredmovingaverageandnottouchingthe

greenslowermovingaverageshowsmethoseareaswherethereishighdailymomentum.

TofindgooddaytradingentrieswithinthedailymomentumIusehourlycandlepatternsatchanneltrendlines.Theseentriescanbefine-tunedbygoingdowntothefiveminutechartsandlookingforbrokensupportorresistancezonesinthedirectionofthetrade.Youwouldenteronthebreakoutofafiveminutesupportzone

withastoplossaboveapreviousareaofresistance.(Justlikethefourhourlyentriesintothedailychannel)InthissituationIamlookingforchartentriesonthehourlytimeframeintheareaswherethereishighdailymomentum.IhavedevelopedanentiresystemaroundthiswhichIcalltheHighROIScalpingSystem.

.

Hereisanothertypeofchannelentryawideningchannelormegaphonechannelasitisknown.Iparticularlylikethesechannelsbecauseoftheincreasedrewardonthetrade.Theexitsareattheoppositesideofthechannelalthoughyoucanalsoexitatapreviouslowifyouwanttobeveryconservative.

Thefirstentryonthe26thSeptemberwouldhavefailedanditwouldnothavebeenwisetotakeatradewithsuchasmallreward.Howeverthesecondentryonthe28thwouldhavebeenasuccessfulandasyoucanseewiththewideningmegaphonechannelthesecondtradeofferedamuchhigherreward.Channelsallowyoutoknow

inadvancewhatyourrewardisgoingtobewhichmakesiteasytoknowifitisatradeyoushouldtakeornot.

Hereisabreakofasidewaysmovingchannelresultinginahugedroponthe4thofSeptember.

CatchHugeMovesWithAScalpEntryForactivedaytraderswhoaredrawntoscalpingfortheamountofopportunitiesbutarefedupwithonlygettingasmallprofit,therearestillhugemovestobehadusingthehourlychartsandthefiveminutechartsintandem.Ilookforaparticularchart

patternwhichisaparabolicreversalpattern.Withinthatreversalthereisusuallyanopportunitytoenterthetradewithatinystop.WhatIlikeaboutthismoveisthattheexitisstraightforward,thebeginningoftheparabolicmoveontheoppositeside.oragoodROIifitmakessensetoexitearlier.Alsotherisktorewardisverylargebecause

wearelookingforatinystop.Herearesomeexamplesbelow.Side1istheverticalmoveupordown,side2isthereversalwherewewouldbelookingforafiveminuteentry.

Hereiscloseupofatypicalhourlyparabolicreversalpattern.Seetheverticalriseuponthehourlychartfollowedbythestrongreversal.Wearelookingforverticaldirectionalmoves,ideallywithasidewaysmoveatthehighorlowfollowedbyabreakofsupportifshortorresistanceiflong,Wearelookingforanentryinthereversalside2.Agoodentry

tolookoutforaswellasanhourlybreakofsupportisanhourlypush-pullsetupduringthemove.Youcanthenenterusingthefiveminutechart.

Hereisanotherexampleofanhourlyparabolicreversalpattern.Youarelookingforafiveminuteentryintothereversalside2.Youcanseetheverticalhourlymovedownwhichwouldalertustothefactthatareversalwouldalsobeahighmomentummoveup.

Hereisanexampleofhowtofinetuneanentryusingthefiveminutechart,usingbreaksofsupportandtrendlinebounces.

Theseparabolicmovesworkalot,butnotalways,hereisafailedparabolicexample.

Lookatthecontext...Howeverwhenyoulookatthecontextofthisreversalmoveyoucanseeitformedpartofthepullbacktoapreviouslybrokentrendlineandwasnotagoodcontext.Thisiswhyitissoimportanttolookatthecontextofthesemovestodecideontheirprobability.Youcanfindlotsofvideosonmyblogwhich

explainhowtoanalysethecontextofatrade.

TheContextofaTrade

Atradeisnothappeninginisolation,justlikeinthepreviousexamplethepotentialparabolicreversalalsohappenedtoformthepullbacktoapreviouslybrokentrendlineandthemomentumwasopposingthemove.Putinthehighertimeframe

supportandresistancelevels,patterntrendlinesandtakingintoaccountthetimeofday.(youwanttotradeneartheopenoftheAsian,European,LondonorNewYorkopentogetmaximummomentum.)Takethesefactorsintoaccountwhendecidingifanhourlytradeisworthtaking,ifthereareconflictingsignalsthenjustleaveit.Youwanttoseealltheducksinarow

beforetakingatrade,orasitisbetterknownyouarelookingforaconfluenceofevents.

Conclusion

Ihopeyouhavefoundthisbookausefulintroductionintohowtousethehighertimeframestofindwherethepotentialhugemovesareformingandthenthelowertimeframestopinpointyourentries.

Theothergreatadvantagetousingthismethodologyisthatitcanprotectyoufromgettingintosub-standardtradesonthelowertimeframes.Iwelcomereviewsfrommyreaderssoifyouhavefoundthisbookausefulguide,justemailmethelinkwithyourreviewandasathankyouIwillsendyouthefullcolourPDFversionofthisbookor

anyotherofmyeBooksasathankyou.Ifyouhaveanyquestionyouarewelcometoemailmeatlrthomasauthor@gmail.cmAlltheBestandGoodTradingL.R.Thomas

Resources

ThereisavideocourseentitledHowtoCatchtheHugemarketmovesinForexforonly$13!whichgoesintomoredepth.Youcanreadthereviewsherehttp://10xroitradingsystem.com/bookoffer

YoucangetthePDFversionofthisbookhere(textandimagesonthesamepage)http://payhip.com/b/lBbJYoucanfindalotofvideosandinformationonmybloghttp://10xroitradingsystem.comPush-Pullexplainedhttp://10xroitradingsystem.com/pushpullHerearemyotherbooks