PDF Ebook Forex Sailing : Long Lasting Trades For Maximum Profits

s p o n s o r e d   l i n k s

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
also be introduced to you here in this eBook.

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
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!

Download
PDF Ebook Forex Sailing : Long Lasting Trades For Maximum Profits

Get Updates By Email:

Enter your email address:

Delivered by FeedBurner