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i saw this system on the internet and i have been trading it for sometime now.i want you guys to try it on demo so that we can talk about other thing which i use along side the system for maximum profits.
This simple system I have been using for years.
You don’t need to be a Forex guru to use this
system.
There is ALWAYS an opportunity to make 10 pips
when ever you have time, keep reading and I will
explain why…
I recommend to open a account at http://www.forextime.com/?partner_id=4900543 and try it, You will
be very impressed! Make sure to open history
charts to see how profitable the system.
Profit: 10 pips per trade. 5-10 trades a day.
You can use this strategy anytime you want,
there are always very strong signals ( I will
explain below..) The system will work on many
Forex pairs and many major Stocks. The rules to
this system are simple, and executing and
managing trades will take no more than five
minutes of your time. The only tricky part is
bringing your knowledge base up to speed with
the strategy so this becomes a five-minute
process.
Let me introduce you to the four simple steps
below. Then I’ll take you through some worked
examples in order to illustrate just how easy this
system is.
This trading system involves 3 simple steps.
1. Identify a current trend
2. Identify your entry signal
3. Place your trade
Manage your trade later..
THESYSTEM
1. Find the third candle
2. Enter your trade at the start of the third
candle
3. Close your trade in a few minutes with 10
pips profit.
Below I will show you what to do – step by
step.
The system works fine for me on 5 minutes or
15 minutes charts, but it work on other
timeframes as well.
Setup:
-Identify the current trend.
(For example: use 200SMA or 200EMA to
identify the current trend. If the price is above
the SMA – the current trend is up or opposite)
-Open a 5 min or 15 min and find the “first
candle”. “The First Candle” is between two
candles, and it is the highest or the lowest of
those three candles.
Look at the chart below:
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and it is the highest (or lowest ) of the 3.
-Now if you look to the right of the 1st candle is
the 2nd candle and the next is the 3rd candle –
the most important for us. This system based
on the 3rd candle.
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candles figures” and all of them are great
trading opportunities! Usually each trade will
brings you 10 pips profit:
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We BUYat the very beginning of the 3rd candle
if the current trend is up and your candles
figure is going up
We SELL very beginning of the 3rd candle if the
current trend is down and your candles figure
is going down.
There is ALWAYS an opportunity to make
10 pips when ever you have time: All you
have to do is to open few pairs charts and
you will always find your 3 candles on
some pairs! This is guaranteed!
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Your target is 10 pips. You can also try to use a
trailing stop order to maximize your profit.
Stop loss
Stop loss needs to be placed above or below
the second candle: If you BUY – place a stop 1
pip below the 2nd candle, if you SELL – place a
stop 1 pip above the 2nd candle.
When not to trade
- do not trade 1 hour before and after
major news or big events
- when the 3rd candle is against the current
trend
- when the second candle closes “inside” the
1st candle:
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parameters 5.3.3 to filter your trades. If the
direction of the stochastic is opposite of your 1st
and 2nd candles it is better not to trade at that
moment and wait for the next “1st candle figure”.
Time frames
This system can be used with higher time frame.
In this case make sure to set your take profit
target more than 10 pips.
Pairs and stocks
This system will work on all major pairs and
Stocks. Try EUR/USD GBP/USD..
Money management
Do not trade for more than 3-5% of your deposit
(per trade)
Stock trading
Exactly the same method “3 candles” can be
used
for Stock trading. It works in the same way and
with the same rules.
Thank you!
Best regards
