Why MagicBreakout? ● Enter the market before the crowd. With this strategy you will be able to predict breakouts before the momentum traders arrive. ● MagicBreakout is a conservative trading strategy It's safe. You risk a small amount of money on every trade. ● Mechanical. Trade by following a set of simple rules. ● Easy to implement. Convince yourself that trading is really easy! ● Profitable. If you stick to the rules and go through a series of losing trades, you will finally become profitable. ● Scalable. Our MagicBreakout strategy has become a key of the top traders. An improved MagicBreakout+ strategy can make +67% in one month. Our student made 5400% in one year using his own exit rules. What is really a “breakout”? A breakout happens when the price breaks a significant high and makes a new high. This is the definition. Let's give an example Another breakout happens when the price breaks a significant low and makes a new low. It looks simple. Most traders are trying to ca...
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The Sure Forex System is based on the idea that a GBPUSD will fluctuate Within a particular range and the range will vary according to routine pressures. By using the Sure Forex System you will assess this range and take Advantage when the currency pair breaks out of the base line range. Sure Forex System Step by Step: First set up your chart. This the same process every day and only takes a few minutes 1. Open a 15 min Chart for a GBP/USD 2. Draw a vertical line at 04:00gmt time on your GBP/USD Chart. 3. Draw a vertical line at 06:00gmt time on your GBP/USD Chart. Please note the charts shown here are on FXDD which is GMT+2. So the lines appear on the chart at 06:00 and 08:00 4. Draw a Horizontal line at the high of candles/bars in between the vertical line. 5. Draw a Horizontal line at the Low of candles/bars in between the vertical line. 6. Add a 89 ema (exponential moving average) to the chart This is what your screen should look like Notice the red lines form a box. The 89 ema is ...
When To Enter S+R Line Trades Line breaks are the main types of entries I use. This style of trading is commonly called Breakout Trading. However, this breakout trading is a little different than most types of breakout trading. The main difference is that I like to use my brain when deciding to enter. I do not robotically enter the moment a line is broken. There are several factors that dictate whether or not I get into a trade, and if I get in to the trade, when I get in. Candle Movement (momentum) : This is probably the main factor in determining whether or not I will enter a trade. Some people have trouble understanding what momentum is so I will try to explain it as best I can. As far as I am concerned it is a simple concept. I believe the people that have trouble understanding momentum are overcomplicating things. Momentum simply refers to the speed at which the candle is moving. If the candle is moving very fast (moving up/down a few pips at a time without stopping much or at all...
Support and Resistance Lines (S+R lines) What Are S/R Lines? S+R lines are points at which the price finds a permanent or temporary barrier. What we are interested in are these temporary barriers. The S+R lines on all currency pairs have been around for decades. If you look back in your charts to the 1980s you will find that the same S+R lines that worked back then are still valid today. So what exactly is an S+R line, and why would the price magically stop at some seemingly arbitrary horizontal line? Simply put, S+R lines are areas traders expect the price to have trouble getting through. The line only works because a long time ago the price happened to bounce away from it strongly. Therefore, the next time it reached that same price level, traders regarded it as a break opportunity or a price reversal level, and then traded accordingly. In other words, they thought, “The price bounced away from this line the last time. It might bounce away from it again, so I should be careful....