Market Conditions and Trading

Obviously the market is choppy, this is an annual event that happens each year, couple that with Extreme highs and Extreme Lows we are saddled with either waiting for new trends to possibly form or semi-scalping the market.... using a intraday strategy or swing based strategy.

Scalping in this market is dangerous as well to your account, most scalping strategies cause you to have greater loss's than gains and eventually you lose.

How can you solve this.

In a choppy market, look closely at the 4hr, or 1 - 4hr charts, these are a GREAT indication of intraday trading, and movements that last 4-16 hrs at a time, what we have done with the software is implement one of those strategies for trading.

I HIGHLY recommend that you use this to trade a choppy market and move from the simple to the complex that direction.

Here is how it works;

Using 2 indicators, CCI and SCHAFF trend Cycle X, watch for OVERSOLD and OVERBOUGHT status on the pairs, Look at the EMA's for direction and trade with the 4hr EMA direction, if it is consolidated you can go either direction.

Set up the Desktop to look for 4hr LONG or 4HR SHORT with 20-30 pips, TP simple, done, let the software do the rest.

Why am I saying this above? SIMPLE; WE ARE IN A CHOPPY MARKET AND FOLKS ARE MAKING PIPS.

No one is trying to set off a home run here, we are not looking for the next 300 pip move. or 1000 pip move, we are working the choppy and Extreme outside trading and managing them with quicker, more solid trades.

Excerpt from an email from MARK GREEN one of our members;

"
Hello everyone I have great news for you we have the date and time down for the Andy from FOREX manager to come and give us a full day of training. I will have to tell that it has worked great for my trading and now I am in very positive pips this week alone I am up 163 pips. I can’t say enough about the training that they give on a daily basis to help you make the pips."

here is another link for JW and his trades, JW yes is my brother, but he don't get the "one on one" training that you may think, actually he gets less than y'all. he is just not as greedy as some of us try to be. with net 303 pips since 4/12 it proves that the 4hr works and works well.

www.forexmgr.com/jwtrades.pdf