PDF Ebook Forex Sailing : Long Lasting Trades For Maximum Profits
Why did I call this eBook Forex Sailing“?
I think of the Forex market as the Sea; it is as large as the ocean (after all it is larger than any other financial market). In my previous eBook, Forex Surfing“ I used the analogy that the techniques contained within it are similar to surfing little waves in the ocean (I enjoy body boarding which is a kind of surfing). Surfers only play in the ocean for a short period of time, maybe a few hours at a time, much like the trading concepts taught in that eBook.
There are other people who like to spend time on the ocean in a sailboat (I‘m not a sailor, but would gladly go if invited). Because of the nature of their Thus the concept of this eBook, Forex Sailing“, is to show you techniques that are better suited for longer term trading. The objective is therefore to teach you how to chase profits of 100 pips or more (typically hundreds, but occasionally even a thousand pips). Most people who trade larger moves in the Forex market typically trade fewer lots with larger stops paying more attention to the higher time frame charts exclusively. In this eBook I‘ll definitely teach you some techniques that accomplish this, but I also have a different trading methodology that I will Years ago when I started trading I had a limitation that turned out to be a very big blessing (Napoleon Hill, author of the classic Think and Grow Rich“, was right when he stated that adversity can be an advantage). When I first got into Forex I didn‘t have much money and so placing trades that required large stops (of 100, 200 or even 300 pips) was simply out of the question for me (a few bad trades could have wiped out my trading account). The cliché is that necessity is the mother of invention“, and so I proceeded to devise strategies that would allow me to enter into those larger trades but with a significantly reduced stop requirement. What my countless hours of watching charts, brainstorming, and trial & error“ trading resulted in was a series of trading strategies that not only worked well, but actually worked exceptionally well œ better in many cases than the standard trading techniques most Forex people teach. Because of the way these simple concepts work a trader using these methodologies can gain more profits from the same market move as another trader would catch using the standard technical analysis methods taught just about everywhere. What is the secret“? It is simply using smaller trades, properly timed, to enter into much larger trading opportunities. Imagine a guy on a surfboard hitching a ride pulled along by a sailboat. Want an example of what I mean? Imagine that you‘ve found some kind of trade opportunity that requires a 200 pip stop according to the standard methodologies of technical analysis trading. Following proper equity management of course let‘s say you can trade one lot for that trade. Well what if you knew how to properly enter that same trade using a surf“ with a 20 pip stop, then couldn‘t you trade 10 lots maintaining proper equity management? If you were to scalp your entry with a 10 pip stop then you could conceivably do as many as 20 lots. Let‘s use the surfing“ example to contrast a comparison with the standard method. Let‘s say, hypothetically, that the market was to move in our favor just 300 pips. Obviously the person trading the standard method made a profit of $3,000 representing a 1:1.5 risk-to-reward ratio. Our surfer however, starting with the same account size, and trading in the same market conditions succeeded in capturing $30,000 representing a risk to reward ratio of 1:15. Sure, our surfer had to work a little harder for this trade, but let me ask you, would a significantly better return such as that not be worth a little extra effort? I sure hope you think so! Let‘s not even discuss the returns someone using a scalp could have captured. CONTENTS
also be introduced to you here in this eBook.
Introduction
Prerequisites
Some Basics Getting Help
Equity Management
- About P/L Trading Ratios
Reason For Broker‘s Policy Change
Overnight Interest
New Broker Instructions
- Market Order
Concept of Stops & Limits
Entry Orders œ Stops vs. Limits
If-Done Order
OCO œ One Cancels the Other
If-Done OCO
Trailing Stop
GTC vs. GFD
Changing Orders
Caution
Reason For Multiple Brokers
Volatile Asset Protection
Charts
- Charts For Sailing
ACM Charts
Broker Lag
Corporations
Tradable Pairs
Things To Watch
- ATR - Average True Range
- Weekly & Monthly
Summary of Data
Moving Averages
- S.E.X. Lines
S.E.X. Variation 1
S.E.X. Variation 2
S.E.X. Lines Techniques 1
- Bunched
Trending
Ended
Additional Notes
S.E.X. Variation 3
S.E.X. Variation 4
Wrapping Up
Friendly Trend Fractals
Trend Channels
Curved Trend Ends
Previous Support/Resistance
Extrapolated Lines
Diamonds & Triangles
Candlesticks
Sailing Techniques
- Looking For Reasons
Netless Straddle Trading
- Regular Straddles
The Netless Straddle Technique
Advantages
Disadvantages
Forex Roulette
- Specifics of —Forex Roulette“
Rules & Logic for —Forex Roulette“
Roulette Step 1
Roulette Step 2
Roulette Step 3
Roulette Step 4
The Incredible Scalp
Netless Candles
Netless Teeny Days
Fibonacci & Modified
Trend Trading
General Sail Trading
Extra Thoughts
- KISS œ Keep It Simple Smart
Split Exit Method
Trailing Stops
Scale Shifts
Effect Of World News
Showing Off
Holographic Mindset
So Long!
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PDF Ebook Forex Sailing : Long Lasting Trades For Maximum Profits
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