When entering a trade, one must have a system that can provide him the following things:

a) Is there a signal to enter a trade?

b) What is my risk / reward ratio?

c) Can I make a good prediction for my profit targets?

Since currency trading is a highly leverage transaction, an average trader may not have large risk capital to withstand the volatility of the price movement.
Therefore, is there a tool to help him to manage his trade, and to know in advance when to enter and exit?

Let’s see the chart below.

Know entry and exit level before trading commence

The above shows that there is a possible entry to sell EUR/JPY with multiple profit target level already forecasted.

After 1 day, here is what happened.

First Target within 1 day or 24 hrs

So, the trader would have gotten 270pips after leaving the trade to run for 1 day. It would be translated to about USD 2700 in a day, if he trade on 1 standard lot, or about USD 270 on a mini lot.

What if he continues to hold on his trade?

Second Target within 3 days or 72 hours

It goes to show that the trade was a right one and after 3 days, a profit of 340 pips.

After falling to 340 pips in 3 days, there will be a tendency to say “it getting cheaper to buy it up”; “bargain hunting”;”fair value”. Perhaps even the technical indicators would have signal for a buy, instead of sell.

Will it move to the next target as forecasted initially?

Third Target within 4 days or 96 hours

Imagine having USD 4500 for 4 days of ‘work’, that you need not glue on the screen, seeing an setup and then make a ’set and forget’ trading. Will that earnings give you a better life?

What is this tool that helps to predict the profit targets level with precision? It is called Fibonacci Technique.

Will you want to understand how to use it for your trading?

Come to the coming course preview on the Tflow Forex Trading System to know about it.

It’s a long time since I’ve posted.

Been too busy with trading – everyday there’s many great opportunities in the Forex and Stock market.

On Friday, I did a scalping trade while watching DVD on my computer. I’m hardly a scalper, but when opportunities come, I’ll grab. The EURJPY trade is a low risk trade because:

- in higher timeframe, we see a market level

- also in lower timeframe, we also have a very clear market level.  With market level, this would help to determine risk of trade.  Basically, the market has told us what they are doing

- most important,  many knows how to trigger a trade. BUT DO NOT KNOW WHERE TO TAKE PROFIT.  This is a huge problem.  Many take profit on a fix pips, e.g. risk 21 pips with a profit fixed at 18 pips.  When they take profit at 18 pips, price gushed up or down by another 100 pips (isn’t that painful)

- for tflow, we do not take profit with fixed pips.  instead, we are able to PREDICT where is the profit level AT THE SAME TIME we open the trade.  The predictive style (NOT REACTIVE) allows us to maximise a trade and ride it fully

See the EURJPY trade that I did.  I took profit at near to the low before it turned. How do I know that? Yes, we are able to predict this level well in advance and place a limit order here

If your method is reactive, it will create a lot of panic flies when you are trading (think of all the butterflies in your stomach…. ).

How do I know when to short and What level to take profit

Predict with Tflow. That's the method for us to take profit at a predetermined level

Cheers,

Binni Ong, Chief Trainer