27 FOREX TRADING RULES  HAS FORMED THE BASIS OF MY TRADING STRATEGY

THIS IS THE SUMMARY OF THE 27 RULES

Summary of the Trading Plan

Below is a summary of the trading plan which I will expound in this ebook.

1. Wait for 7 candlesticks to close above/below the 4 hr Bollinger band median line without touching it.
2. Draw the Andrew’s Pitchfork
3. Define the  4 hr trend
4. Get an entry point from the 1 hr by checking for 3 consecutive candlesticks of the same color in the direction of the trend
5. Risk reward ratio, 1:2. For the most volatile currencies such as EUR/USD, BPD/USD and  CHF/USD, have a target of 150 pips minimum and 100 pips for the less volatile ones in this set up.
6. Set the stop loss at a maximum of 130 pips. If this is not possible, do not take the trade as it might be too risky.
7. The outer Andrew’s Pitchfork line is the target for the trend. If it is broken, the daily Andrews’ pitchfork  outer line becomes the new target.
8. If prices retrace to the outer Andrew’s Pitchfork line but there is no confirmed reversal, wait for one candlestick to close above or below the 4hr Bollinger Bands  median line without touching it and then move to 1 Hr to get the 3 consecutive candlesticks before entering again.
9. If prices retrace either to the 4 hr Bollinger Bands  median line or to the outer Andrew’s Pitchfork line and there is confirmed reversal (7 candlesticks to close above/below the 4 hr Bollinger band median line without touching it), move to 1 Hr to get the 3 consecutive candlesticks of the color of the trend before entering again.

10. N/B, If however the confirmation of the reversal does not yield a trend (does not give rise to 3 consecutive candlesticks of the same color and prices resume the former trend), the process has to be repeated. i.e. one has to wait again for 7 candlesticks to close above/below the 4 hr Bollinger band median line without touching it now in the former direction of the 4 hr trend, and then move to 1 Hr to get the 3 consecutive candlesticks before entering again

11. If prices retrace to the 4 hr Bollinger Bands  median line but do not trade below/above it towards the opposite direction and do not reach the Andrew’s Pitchfork outer band, wait for one candlestick to close either above/below the 1 hr Bollinger Bands  median line without touching it in the color of the trend and then enter again. If however the prices trade below/above  the 4 hour Bollinger Bands  median line  towards the opposite direction, wait for one candlestick to close either above/below  the 4 hr Bollinger Bands  median line without it touching it in the direction of the trend and then enter again from the 1 hour chart when one candlestick closes in the direction and color of the trend.

12. ONLY make use of the 4 hr retracement levels to determine how far the stop should be moved to breakeven. This is very important as frequently moving the stop to break even without paying attention to retracement levels in most cases results to being closed out too soon.

13. Do not enter any trade if prices have already hit the weekly R1 or S1. Exit half of the position at either R1 or S1 and move the stop now to breakeven if it has not been done.

14. Always take note of the FIRST Friday of the month release of nonfarm payroll news. These news tend to determine the direction that the dollar will follow for the month.

15. Enter positions based on a maximum of 5% risk per trade. For a $1000 dollar account, enter a maximum of 5 micro lots with a maximum stop loss of 130 pips

16. Use the one hour to enter short term positions. Wait for prices to retrace and either touch the one hour Bollinger Bands median line or to either trade above or below it depending on the direction of trend.

17. Wait for the prices to resume the direction of the trend and one candlestick to close either above or below the one hour Bollinger Bands median line in the direction of the trend and also in the color of the trend.

18. Also consider the angle of the one hour Bollinger Bands. If it is opposite to the four hour even after there is one candlestick that has closed above the median line without touching it or it is just flat, avoid the trade.

19. If it is not past 6 am EST in the day, enter the short term trade with 5% risk and have 50 pips as the profit target and 50 pips as the stop loss. This can however be adjusted on the basis of either the pivot points or the currency being traded. For a $1000 account, this would amount to 5 micro lots per trade.

20. Do not take more than 3 trades from the 4 hour chart and not more than 2 short term trade. In summary, no more than 5 trades (5% risk trades) should be opened at any particular time. Trades can however be added with time when the previously opened ones becomes profitable.

21. This strategy implies that a 2000 pips loss would be required to wipe out the account.

22. To minimize risk, only open the short term trades if the trade from the 4 hour trend is profitable.

23. An estimated 70% success rate is expected in this set up. Realistically therefore, it would be best to expect a 50% return from this setup per month though this is not fixed since every month presents different trading opportunities.

24. You must confidently be able to answer if your forex account can survive with a good trading margin during the worst case scenario that can result to a gap of even 100 pips.

25. Trade only between New York 1 am EST to 6 am EST (8 am to 1 pm Kenyan time). This will erase the tendency to enter trades late in the day and have the prices retrace as soon as I enter the market.

26. Currencies to trade: EUR/USD, USD/JPY, USD/CHF, AUD/ USD and NZD/ USD. Though I will not trade GBP/USD, I will still observe it as it does have a high correlation with EUR/ USD and can thus suggest what the EUR/ USD might do next.

27. Expected return: If out of the 5 pairs only 4 in a month give trading opportunities and a 70 pip per week per currency is realized, the result would be as follows:

70x 4 =280 per currency per month. Let us approximate this to 250 pips per currency due to possible loss. For 4 currencies, this would equal to 250 x 4 =1000pips. This will then translate to 50% return.

A famous expression “There are old traders; and the there are bold traders; but there are no old bold traders.  Traders that do not use stop losses go broke”

FOLLOW THE TRADING AND ENJOY THE FOLLOWING:

1. 1.    An account that constantly makes profit
2. 2.    Emotional free trading
3. 3.    Trading without stress

Good trading opportunities are rare: Patience is thus a great virtue in Forex trading.

You can get a free copy of the 27 forex trading strategy by becoming an active trader in forex with one of our recommended forex brokers, easy-forex . Open an account with easy-forex by following this link, easy-forex, and we will give you a free copy of the 27 forex trading rules. On opening and funding the account, write to us  at kenyaforexanswers@gmail.com or call us on +254727292960 and give us your details so that we can send you the ebook on the 27 forex trading rules strategy.

For those who are getting to hear of this strategy for the first time,

consider the following; the 27 Forex trading rules strategy would

potentially convert $1,000 into $128, 000 in just 21 months.

I have not come across any other investment in the world that can convert like this.

A mathematical illustration is better here

A very realistic plan and which can be achieved.

You too can do it.

The strategy does not promise a million dollars overnight,

it just shows you what you can potentially achieve.

Don’t be fooled into get rich quick schemes.

Make good use of your time by learning

what professional Forex experts are using

to constantly draw good profits

out of the market month after month.

SOME OF THE THINGS YOU WILL SOON BE LEARNING:

1. How to join the 5% of Forex traders who make profit

2. How to trade only for a few hours in a day

and still make a full income out of it

3. How to trade free of stress

4. The best of the best brokers

5. How to have a balanced healthy and

happy life that every Forex trade  is looking for

6. Why you need not to worry what the market will do today or

tomorrow because whatever it does

there is always an opportunity to trade and make profit

7. How to be self reliant in Forex trading

8. How to trade with total confidence and

to erase emotions out of your trading career

9. Best entry and exit points

10. Why your trading should be as simple

as I recommend it to you.

No need of complex systems.

The most profitable system

are JUST SIMPLE.

Why do you want yours to be complex.

You need profit.

So keep it simple as I will show you.

11. How you can trade LIKE a machine

(without emotions) but never become one!!!!!

12. How to make Forex to be nothing

but an exciting highly motivating

and profitable business venture

… and many more.

This is a strategy on 27 Forex rules that will change your trading career for ever.

Grab your copy now and ask me for guidance any time you need it.

I will be more than willing to share with you how I trade the Forex market.

Start trading now using this strategy and quickly achieve your dream.

It is all outlined in the 27 Forex trading rules strategy.

Others have done it before, you too can make it.

 

On opening and funding your account with Easyforex, you are entitled to access even more lessons that are based on the 27 forex trading rules from www.kenyaforexanswers.com. Visit www.kenyaforexanswers.com to learn more.

 

 

HOWEVER,

There are so many people who really want to invest in Forex but they do not have the time, skills, and the way out for them is they either entrust their account to someone to manage it or they abandon their dreams all together. Well then, the solution is here and this is what I have explained below on how to automatically copy the best Forex traders all for free.

AUTOMATICALLY COPY THE BEST FOREX TRADERS

If you do not want all the hassles of learning how to trade Forex or you probably do not have the time to do so, and you probably just want to automatically copy other experienced Forex traders who are making profit, well you can easily do that. You can just open an account with eToro – Forex Trading and there you will have the option of choosing your best preferred trader and then copy automatically every trade that trader takes. Once done, the broker will automatically be opening and closing positions for you based on what the trader you are copying is doing.

Well, think no further as you can comfortably do that for the rest of your life with just a single click!!!!Yes I mean just a single click to authorize the broker to copy the trades of the best  Forex traders you chose and to automatically open and close your trades as your preferred “Forex King” does so. This is awesome. It has taken me years, days and nights of hard work to learn how to trade Forex but etoro has simplified trading so much that it will soon be like automatic piloting.

eToro – Forex Trading has come up with a system where you as a trader can chose your preferred trader to copy based on his or her past performances and from that option you can then automatically follow the trader. This to me is so far the best and I mean nothing but the best offer  that anyone who would like to make money from Forex cannot afford to lose. This option will benefit those who are starting out in Forex as well as experienced Forex traders.

For the new traders, they do not have to worry as to what the market will do or how to interpret indicators, you would leave that to be done by the experts. Your trades will be opened and closed automatically at the same time as those of a preferred Forex trader. You will most likely save yourself from lots of heartache and sleepless night by doing just what the experienced and gifted Forex traders are doing.

eToro provides a simple, transparent and enjoyable way to invest and trade in currencies, commodities and indices online. See who is trading what in real-time, follow the best performing traders and automatically copy what the best traders do. It’s the smarter way to trade.

This is an amazing offer from etoro. They are offering the following:

Social Trading

Social trading is the newest, most exciting and most rewarding way for you to get access to the financial markets. With social trading the wisdom of the crowd comes to your aid powering your trading to a level of possibilities which you never knew was possible. As the world’s largest online financial trading community, nobody can offer your trading more of a social boost than eToro.

See, follow and copy the trading activity of more than 1.5 million registered eToro traders whenever you want to, 24 hours a day. Whatever you’re thinking of trading you’ll find plenty of ideas and inspiration from the eToro  social trading community.

See, Follow and Copy Pro Traders

With social trading you earn the opportunity to spot the best financial traders in the eToro investment network quickly and simply.
What you do next is entirely up to you:

• Follow the activity of your fellow traders
• Communicate with other traders one on one
• copy the best traders live and make their success your own

Find Your Guru Or Fight For Glory

Trading with eToro’s social investment network means that you’re never alone. However experienced you are as a trader, and however you like to interact with others, etoro community is rich with opportunities.

Beginner Traders:

• Pick out experts to make your guru – follow their trades, determine their trading method and copy the trades you like
• Track the ongoing performance of any trader through a series of simple tools and keep easily informed on everything they’re doing

Experienced Traders:

• Recruit followers via OpenBook and get recognized for your skill.
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I believe we all need to take advantage of this great offer. It is a lifetime opportunity that am sure both the beginner traders as well as Experienced Forex Traders will highly appreciate. Just go to eToro – Forex Trading and you will get all information from the start trading section to make your first trade.

All the best in your trading and hope you make lots of profit

For those of you who want to trade for yourself, we can now start of the journey and go straight to lesson one. Click on lesson one in the categories to start the lesson.

Sharing is caring, Kindly share it out on your facebook wall, twitter e.t.c or just email a friend.  Let us meet in lesson one.

 

Wish you success in forex trading.