FOREX Training Course - lesson 2 : (The basic system)

http://www.fxtrainingzone.com :: This is a video overview of the system I use. Brilliant for beginners, and a guide to where to start trading in the FOREX market. It outlines how to pick high probability trading using MACD as a filter. I cover TC (Trend Continuation) & CT (Counter Trend) signal examples. My trading background is discussed together with how you might go about finding a system which fits your personality and lifestyle. 2

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[sionsmith]

I completely agree, lagging oscillators & indicators look great after the event, that is not what i'm teaching!

Candlestick patterns, how the market reacts around certain levels fibs / pivots / EMA's is what i'm trying to show here.

Watch the video at the end I explain that the system works best in trending markets and that you need to identify what state the market is in before trading. It can be used in ranges, your stops and target must be much tighter.

cheers

[sionsmith]

This is H4 time frame. MACD settings are

Fast EMA 5

Slow EMA 13

Signal SMA 1

[sionsmith]

For chart setup see lesson 1.

Stop Losses (SL) and Target Profits (TP) are covered in lesson 3.

[akhalajd]

very educational, thanks.

[TheRouletteBreaker]

Great!

[MrWebsphere]

Very informative, must watch! Thank you

[CharlesFotos]

it sounds like i need to stay with a pair of currency and watch it and study it

[CharlesFotos]

i'm new to forex.  i'm watching your vids for education. can you recommend more to educate my self before i trade

[SuperstarTheMasked]

@sionsmith

hi sion,

can i have your MACD indi please ?

also, has this system been consistently profitable for you over the last 2 years.

thanks

[SuperstarTheMasked]

@sionsmith

sion ,,you are great...\11

[asangarockz]

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[munna441000]

very nice vedio