Better than ALL the rest
The BEST Forex entry technique
The Long Candle Forex Trading technique was published by Barry Thornton in 2012. It remains one of the best Forex trading courses. In it, a very simple but powerful Entry trading technique was shown. The problem is that Traders often look at these techniques and think “that interesting” and then never actually trade it. Especially if it is simple. This techniques is so good that we call it “The BEST Forex entry technique”
Below in a summary of the BEST entry technique.
- Load an RSI indicator with a period of 4 and overbought and oversold levels of 80 and 20.
- For sell entry signals wait for the indicator to go overbought.
- Then make sure it has recently gone oversold soon after being overbought.
- Trade the trend-line violation as a sell signal.
- Do the opposite for a buy
Sounds too simple to produce good Forex trading entries – doesn’t it.
EXAMPLE OF THE BEST ENTRY TECHNIQUE
Look at the great, EARLY entries this techniques provide in the chart below. It gets you into a trend very soon after it starts. All these entries provided 100 pip trend trading opportunities in this example.Early entries mean more valuable stops that are less likely to be hit.
See the Chart of the AUDJPY below for examples of how this system works.
Are you going to use the BEST Forex trading entry technique
The question is, now that you know about this technique are you going to do anything about it.
- Are you going to back-trade it.
- Are you going to trade it on as many currencies as you can find to test it.
- or are you just going to let this opportunity go by.
ZERO Failure rate
Barry Thornton has consistently made over 1 million US Dollars employing traders to trade this and other systems based in this concept. This system can be traded on all timeframes and all currencies and will always be profitable. It is basically a sideways or slowly trend-line system which will not give signals when a trend develops.
EVERYBODY who has done at least 30 manual trades using this system has had positive results because it is so simple. We have not had a single failure.
There area few refinements to the entries not shown in the above explanation but the above is most of the technique. The refinements are dealt with in the Finding Great Entries one-on-one Forex trading Course
Automating the BEST Forex entry technique
We have also created an EA that will identify these signals and alert you about them via email (message) or sound. It will also will also trade the alert for you automatically. We are currently using the EA and will make it available to traders who are interested in using it in about 5 weeks time.
If you need more information please use the comments facility below
With odds of 20 to 1 you can afford fake signals. When risking 5% to make 100% you only need 1 success and 20 failures to breakeven. Why worry about failure – focus on finding 1 that will work. Most traders can not take failed signals – those are the ones that fail. The ones that take a failure as a learning experience and then for the next best entry for their next trade succeed. Easier said than done