Hi Folks,
So far this page is still under construction due to the roll out schedule being brought forward by 3 weeks.
As mentioned in the Live Training Room this video is a summary of everything discussed today and will now be the main Ding-a-ling-a-ding-dong trading strategy.
The first part of the conditions is the Reversal Bars and please read the article in the members content for the full outline.
Out of all the patterns that I've traded with and developed over the years this is the one that has given me the biggest headache.
Why? Well that is the easy part. This pattern can be traded on its own on any time frame pretty much most places on the chart simply on face value of it.
This strategy is a quick and easy way to trade currency pairs without having to screen watch from morning ‘til night.
This strategy was developed a few years ago now and was recently revived due to the very volatile market conditions as a result of the financial melt down.
In this short article I will be addressing one of the keys to success in any business which is Money Management and Trade Management.
This really is something that is often glossed over as it can be quite quick to explain but is very often under valued or under appreciated as a consequence.
First off I want to explain how I manage my overall account equity.
Previously we looked at the range break out and we considered the following as a consideration of when to trade which pattern, "the move into the range dictate the most likely direction of the break out move, 65% of the time it is a continuation pattern 35% of the time it is a reversal pattern."