I’m publishing this report as a prelude to the contents of the most powerful forex trading course on this planet – Forex Commander.
Although this statement may seem like a cliché, it is a fact. The Forex Commander course will change lives – I absolutely guarantee it.
I know many people think the superlatives I use are simply stated to create hype. But the fact
remains; this course lives up to its reputation and the so‐called “ype”
There are techniques in this course which normal traders don’ see or use at all.
By now, everyone knows the well known saying –“95% of traders lose money”. It’s printed on almost all websites selling a forex product. They want you to believe that if you buy their course, you will be one of the 5%. While it may be true for some courses, the majority are worthless.
I know this because I get reports of failed courses all the time. People charge outrageous amounts for courses or black box signal systems and they just don’t deliver what they promised.
This is exactly the reason why I painstakingly developed Forex Commander. I spent 8‐9 months
preparing the world’ most profitable and unparalleled course ever to be seen by a trader.
This course is everything it claims and more. It will teach you things you don’ know and have never heard off. But more importantly, it will transform you into a professional trader –even if you’e just starting out (although it’l take more time for beginners).
To demonstrate my point, I’ going to illustrate a very simple method for getting into trades. I cover this in more depth on the Forex Commander videos but here is how this entry method works…I call this the 5% Precise Entry method because 95% of traders don’ enter this way. If you are already trading and you do happen to enter this way, let me know.
Ok, here is the premise behind this method.
On occasion, you may be waiting for an entry signal at a certain level which has not yet been
reached. If you are absolutely sure that price will bounce at your expected level, what do you do? Most traders would wait until price has reached that level and then wait for price to turn around and then wait for a confirmation pattern or signal from a confirming indicator before they enter.
Now this may be fine if you are not sure whether the currency will bounce at that level or break
through. If you’e not sure, then it is advisable to wait till price has indeed given you some sort of
confirmation that it is indeed turning around. If this was the case, you would get in at a worse price than you had expected (1.2125) thereby losing a few pips in the process.
But if you’e sure there’ a 90%+ chance that price will bounce at the expected level, you can get in
on that trade with laser precision at the best price. In the case above, you would enter at exactly
1.2125. But, it’ not as simple as simply entering at 1.2125.
So what method of entry do professional traders use to get in on good trades?
Remember, professional traders do, what losing traders are not willing to do. This is what makes
them professional and these are the exact techniques and methods I will reveal to you in the Forex Commander course.
If you saw a support line where price had bounced at that level several times before, do you think there’s a chance of another small bounce next time price visits that level?
Sure! There’s a damn good chance price will bounce at least a few pips (at least 15 pips in many
cases) before it may continue in the original direction.
So let’s say you spot a support line where price had bounced several times before. Now you see
price coming back to that support line. What do you do? Should you wait to see if price does indeed bounce before you get in or should you get in before that?
If you wait for price to confirm the turnaround, you won’t be doing anything different to what you are doing now.
But if you are confident in the support line (or any other reversal point), you can afford to risk
minimal pips for optimal entry placement. Have a look at the chart below…
This is not a perfect example but I’m using it for the sake of demonstration. You’ve noticed price
made a swing at point 1 and then later it bounced at that exact same level again. Now you know that level is significant and you draw a support line.
When price starts to head back towards that line from above, you sit up and take notice.
Woo Hoooo! You have a good chance of making a few pips on another possible bounce.
At this point, you’re probably asking yourself:How do I know if it will bounce?
How can I be sure it will bounce enough to give me a good few pips? If you have faith in your support level and you know that it has held well in the past, you can almost definitely expect a bounce again at that level even if price does continue past it a few minutes later.
So if you do have a good level which has proven itself in the past (doesn’t have to be a S/R level),
trade the bounce.
I 'll teach you more about determining these levels in the course. Using the above chart as an example, the trick is to enter when you see a big red candle touching the support line. You need to get in on that trade as close to that support line as possible.
The problem with 95% of traders is that they are unwilling to go long when they are staring at a big bad red candle. They have this nagging feeling in the back of their head which says “how can I go long when I’m looking at a big bearish candle”. Reluctance to take action at this precise point is what separates the professionals from the traders who tick by.
You must try and enter at exactly the point when the big red candle touches the support line. It
would have made a down‐tick to touch that line and that’ exactly when you need to enter. You
should already have your order window open and ready to press the BUY button.
On the chart above, the candle which is currently touching the support line was a full red candle at one point. Now that the candle is complete, it has retraced a few pips and left a wick.
As the big red candle touched the support line, this is the exact point you should have entered a long trade.
You just cannot allow yourself to be phased by the fact that there is a big bearish candle in front of you and you are required to open a long position. Trust in your support level and you’l see great results. Price doesn’ always bounce heavily and give you mega profits. Sometimes, it will just bounce enough to give you 10 pips and then continue on in the southwards direction.
But the point is, almost always, it will bounce enough to give you a good quick trade.
Compare this with entering a long position after you have received confirmation of the turnaround. With the 5% Precise Entry method, you have several benefits.
Since you’e entering a trade at the support line, your stop can be much closer. On a normal trade
where you wait for confirmation, price will have moved up several pips thereby making you place your stop further away from your entry position (beyond the support line).
Next, if price was only intending to bounce 20 pips and you were aiming for 15 pips, you can easily achieve this if you entered exactly at the support line with a big red candle. Had you waited for price to move away from the support line, you may never have realized a 15 pip gain if you entered more than 5 pips away from the best possible entry price.
I can only explain so much in this PDF report but I hope I have opened your eyes to a whole new way of looking at things. I can’ do this subject justice over here and I may have confused a few people too. You’l be glad to know, this problem doesn’ exist with video.
I cover this and much much more in the Forex Commander Home Study Course.
In fact, using the benefit of video, I demonstrate a live trade using this method of entry because of the nature of the setup. Remember, you can only use this method when you are damn sure of a bounce at a particular level. I can hear you saying “but I don’t know what a good level is and what isn’t. I can hardly tell which support or resistance line to use anyway”.
Don’t worry about this because I have you covered too. I’ll teach you absolutely everything necessary to trade properly and profitably. I will reconstruct your present state and remodel your current way of trading so you start a nd continue to trade in a professional manner.
If you’re just starting out as a budding new trader, you can be sure I’ll teach you from the very basics and build upon what has been taught previously. I’ll even test you along the way.
If you’re an intermediate trader who profits here and there and not really consistently, I’ll teach you to build and use discretion and spot nasty traps. This way, you’ll start to profit more and lose less. If you’re at an advanced level, I’ll teach you other master techniques which you may never have seen before. You’re in for a treat.
If you’re sick of my voice, I’ve got another professional trader to join me who will also teach you his method of profitable trading. Although I am biased, I can quite confidently say, The Forex Commander course is the most powerful Forex trading course in the world. You have never seen anything like it and you probably never will. You will never need to purchase another forex trading course again as long as you live!
Saturday, May 9, 2009
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