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When the price is in a very.

The Day Trade Forex System By Cynthia

When the price bar breaks out of the box, that is a. The best way to use the Congestion Breakout Box is to trade when a long candle body has broken.

Intro to Forex Decimus MT4 Signal System - Best MT4 Forex Signal System

The screenshot above shows you a downtrend and. The short trade entries are highlighted by the white circle. It is a. You can use it for an aggressive entry as a standalone. Just trail your stop along. In the next screenshot, I'm adding the Trend Slope indicator, which is a major slope line showing the. I have the slope setting at 27 for every timeframe.

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To keep you in a trend longer, you. Your best trades will be taken when the slope is the same color as your. It does re-paint so when you see it appear in either color, it's a signal that the. NOTE: in some videos, I have changed the green dot to. You can also use it to trade retracements pullbacks.

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After a retracement. So after a. In the 1 st bottom window, I use the Super Trend which is color coded to match the candles in the. The next screenshot adds the Trend Wave indicator into the same box as the Super Trend. Here's a quick video of how to get the Trend Wave into the same window as the Super Trend :. The Trend Wave is two colored lines that get flat and crunched together when in a consolidation. When the. It also has some double dashed lines that act like a stochastic to show oversold and overbought.

A aqua blue dot will appear in the lower dashed lines when a down trend is exhausted and the price. A yellow dot will appear in the upper dashed lines when an up trend is exhausted and. However, sometimes the dots are premature and the true bottom or top. The i Trend purple line shows the force or volatility of the price action. The green line shows if the. We are more interested in the purple line because without force or.

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So, the best trade entry is when the purple i Trend line has crossed above the 60 RSI line When the i-trend lines cross within the 30 and 60 lines, it is often a small change in trend direction. You can use other color indicators to confirm a trade if. An aggressive entry would be when the i Trend purple and green lines cross. If the purple line is on. A conservative entry would be when the i Trend purple or green line goes up to the 60 RSI line.

This will occur when a candle crosses the. The RSI lines at the 60 level are for a trade signal and at 80 is the top for extreme volatility. When the i Trend purple or green line crosses the 60 line, it is a trade entry signal. When the i Trend. When the i Trend crosses back. You can use the aggressive entry but be careful and be ready to exit when you see other colors.

If the purple. This screenshot is a complete chart with all the indicators. It shows you two red lines for sell entries,. If a new up trend.

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In your template, there is an alert indicator that is also a trailing stop. It's called the. In a short trade, the main signal for a short entry is the large hot pink dot. The trend is shown by a. If you do this diligently, eventually you will naturally get stopped out when the. In the picture above, each white circle shows where your trailing stop would get touched when the. The small dots do stay flat when the price re-traces It is the same as a Chandelier. When the volatility is high, the trailing stop is wide.

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When the volatility slows down, the. When you see the trailing stop flatten out, it. If you manually move your stop at each new small dot, you will be.

During a retracement it's possible for you to get. If the trend resumes, you can jump back in.

I use two, the first is called Forex Executor Pro. You can read about it and watch a video here:. You can program it to trail your stop and have a breakeven almost immediately, all automatically. And the best part is that your stops and trailing stops are hidden from the broker! No more stop. I can't.

However, it doesn't work on mt4 platforms that use a suffix. If your trading platform uses a suffix, you can trade with the other software called Trade Manager:. It has more functions but is more difficult to learn how to use. With patience and practice, you will. Trading retracements or scaling in or out of trades based on retracements is the advanced way to.

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The video below gives you a slight idea of the money management taught in the MAX course. It has. This video gives. If you want to really learn how to trade this way, you should take the MAX course if you have the. The amount risked is small — typically. If you are interested, please visit the MAX site and sign up for a free live introductory webinar which.

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Joe Ross wrote a book in titled, " Trading is a Business", and I couldn't agree with him. The y are disciplined, they are decisive and they are motivated to succeed. In a poll taken among Trade rs a few years ago, it was determined that the biggest. Inability to pull the trigger when a trade signal is given By sitting for this 9-minute training, once a day, for 2 weeks, you will transform any notions of.

It's his first-hand understanding of the importance of mental discipline to traders that lead to.