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Forex Class (4)...Introduction of Break Out System in Forex

  • December 3 · 11:15 AM
  • This location is shown only to members

Welcome , Forex and Currency Traders.

This Meetup is about Trading Currency by using Mechanical Trading Systems.

This very simple system is based on ABC Breakout also known as 1,2,3 Breakout or Price Action. This approach is used worldwide very successfully in every aspect of trading including Forex. The Breakout Lines are drawn on Forex chart automatically as Blue and Red lines. When they are broken (Price Action) and Confirmed by simple one Purple line which represents RSI, MACD and Stochastic, the trade entry is confirmed. This system has been used successfully by this group for more than 9 years.

The above example is for Sell Trade entry. Buy trade entry will be completely opposite to it.

This Meetup agenda will be as under.

Social hour to get to know other traders and welcome new traders.

Reviews of last two mechanical systems known as Rx3060 and MoMo and check Home work.

Introduction of Third Complete Mechanical System known as MT ( My Trade ).

Trade entry and exit. Back testing of system.

Disclaimer:

All the systems are modified and adjusted by TenPipsClub. All content is provided in good faith and believed to be accurate. There is no implicit accuracy guarantee . Historical data, Systems and Processes provided are for information purposes only and must not be construed as an indication or guarantee of any kind. Future performance of the referenced markets and financial instruments can not be predicted. Everyone is required to do back testing for all Systems and established their own historical data reference point. Actual trading results may vary. The reader accepts that by using this information, he or she will not hold the author responsible for decisions based on the information provided. Currency trading is risky; involves substantial risks of capital loss; and is not appropriate for everyone. Only risk capital must be used for trading.(Risk Capital: Money that a person can afford to lose!). I am not a Licensed Investement Advisor and do not offer services to you or anyone else.  You may want to contact your Licensed Accountant, Lawyer, Tax adviser or Licenced Investment Adviser before putting money at risk.

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