Holy Grail - Best Forex Trading Strategy (and Indicator) that also works for Cryptocurrency & Stocks

Holy Grail - Best Forex Trading Strategy (and Indicator) that also works for Cryptocurrency & Stocks

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Holy grail best forex trading strategy and  indicator that also works for cryptocurrency   and stocks by Forex Elite .com before we begin  a quick note to visit Forex Elite .com for our   forex mastery course that course offers some  of the best forex trading strategies that are   extremely important for you to know also  make sure to hit the like button subscribe   and comment for more videos now back to our  holy grail best forex trading strategy and   indicator that also works for cryptocurrency and  stocks this video consists of three parts part one   best forex trading strategy part two best forex  indicator and part three forex secrets starting   with part one best forex trading strategy we  have a four-step process for you to trade forex   professionally on a daily basis what we're  looking for are a double reversal pattern   at an important level at the right time thereafter  we optimize our entry if you're interested to make   money fast with forex trading then you need  to follow our no-nonsense four-step strategy   we're gonna start with the euro us dollar which  had some excellent examples for us this week so   let's get started with this trading day right here  on the euro us step number one the double reversal   pattern reversal number one was right here right  at the tokyo open reversal number two was this   row of greens followed by that row of reds this  final red candle completed reversal number two   step number two you want to make sure that  the double reversal patterns are happening   at an important level an important level may  include either a daily pivot point or a figure   in this example we have a figure level right here  right where i'm drawing this line that represents   the 1.1 figure level for the euro step number  three you want to make sure that the second   reversal this one right here is happening  at one of the three right times as specified   in our forex secrets video those  three right times include either   the tokyo open the london open or the new york  open as you can clearly see this final reversal   it closed exactly at the london open so it could  not have been more perfect step number four you   want to optimize your entry and typically with  these trades we would enter right off the close   of the final reversal let me go ahead and mark  our entry in blue now there is a circumstance   such as this one if the reversal candle is  too large what happens in a scenario like this   is that it doesn't give us our perfect two to one  reward to risk ratio trade so what do you do in a   circumstance like this you have to wait for a  retracement somewhere around here so in other   words you have to wait for a nice retracement  until it gives you a perfect two to one reward   to risk ratio so your entry was somewhere around  there now your stop loss is comfortably behind   the reversal patterns and what i love about this  example it also has a daily pivot point here   which makes your stop loss even more safer the  more important levels in front of your stop loss   the better take profit always a few pips prior to  your next target daily pivot so somewhere around   there is a perfect setting for your take profit  never place your take profit on the daily pivot   never anticipate price to actually go  through the daily pivot as it did here   always place your take profit a few pips  prior to the next target daily pivot the   most important thing to take away from this trade  is if and when you have a large reversal candle   you gotta wait for a small retracement getting at  a perfect entry to satisfy our minimum two to one   reward to risk ratio trade also remember this is a  set and forget strategy you set your entry you set   your stop loss you set your take profit and you  go about your day and had you done that with this   example this is about a 90 pip trade that was  automatically executed set and forget strategy   now let's move on to the next trading day right  here and what i love about this example it   couldn't illustrate our four-step strategy better  and what i want you to guys to really understand   is i want you to understand what's happening  behind the scenes i don't want you to just   technically trade this thing i want you to fully  understand what these reversals signify and what   these false breakouts such as this in reversal  such as that one then what they signify is what   market makers it's how they make money fast so if  we just follow their strategy which is exactly our   four-step strategy we're gonna make money fast  just like them now how do they make money fast   what they do is they initiate false breakouts at  important levels being either daily pivot points   such as this one or figures such as that one and  what happens when they initiate false breakouts   is they get 90 percent of retail traders  to place a buy order to the top side like   in this example here and then they simply  reverse that's how they make their money fast   they basically do our four step strategy and then  they'll do it again right here false breakout up   taking 90 percent of retail traders to place a buy  order to the top side and then they reverse again   so our four step strategy is the same strategy  that market makers use to make money fast   so you should too so let's go through our four  steps on this one as you can clearly see reversal   number one this is false breakout one reversal  one false breakout two reversal number two step   number two you wanna make sure that the double  reversal pattern is happening at an important   level an important level may include either a  daily pivot point or it may include a figure   in our example for this one we have both a daily  pivot point this line right here and also a figure   which is the 1.09 figure level so both these  reversals are happening at two important levels   the daily pivot point and the figure level  step number three you want to make sure that   the second reversal is happening at one of those  three right times as you can clearly see this   second reversal is right at the london open but  take a look this what a good example to show you   exactly when these reversals happen look  at this tokyo reversal london reversal   new york reversal but the rule with our four-step  strategy is to make sure that the second reversal   is happening at one of these three right times  so this one was exactly at the london open   could not have been more perfect step number four  you want to optimize your entry and we did have an   issue with step number four in this one and  typically with these trades as i was saying we   enter right off the close of that final reversal  candle so your entry would be here the issue with   this trade was that it just didn't give us a  perfect two to one reward to risk ratio so your   take profit was going to be somewhere around there  always a few pips prior to your next target daily   pivot but the issue was with our stop loss whether  we set it here let me go ahead and draw this out   so whether we set our stop loss here or behind  that one or in other words regardless if it was   behind both or one it still didn't give us a  perfect two to one so we'd actually have to   pass on this trade even though the structure was  phenomenal so the lesson to take away from this is   these are the exact style traits that you want to  identify once you see a false breakout like this   and a reversal right back into the daily pivot  that is a huge signal this is a gigantic signal   for you to pay attention to this trade all  right look for the second reversal at either   the london open or the new york open and if you  get an entry that gives you a perfect two to one   then you execute the trade however this particular  example we never got a retracement like we did   here in order for us to satisfy a perfect two to  one reward to risk ratio so you'd have to pass on   this one and that's what trading is all about  you identify the pairs wait for the reversals   if it gives you a good entry you take it if it  doesn't look to another pair and had you done   that this week there were so many good setups  this week it was amazing and a small note on   this trading day right here as you can see this  was one very nice false breakout and reversal one   we just didn't get a second reversal so this  example right here you would stop looking at   this example because it failed step number one  there was no double reversal it just had one   single reversal so again when you just don't have  a double reversal you don't have your step one   you go to another pair here are some more examples  of our no-nonsense four-step strategy on the us   swiss let's get started with this example right  here step number one the double reversal pattern   reversal number one is this row of reds followed  by these greens that green bar completed reversal   number one reversal number two is that row of  reds followed by these two greens that green right   there completed reversal number two step number  two you want to make sure that the double reversal   pattern is happening at an important level an  important level may include a daily pivot point   or it may include what we have in our example  this line right here right where this blue line   is that's the 0.96 figure level for the us  swiss step number three you want to make   sure that the final reversal this one right here  is happening at one of those three right times   as referenced in our forex secrets video those  three right times are either the tokyo open   the london open or the new york open this example  happens slightly before the new york open which   is perfect step number four you want to optimize  your entry now with these trades we usually enter   right off the close of the reversal candle  that final reversal if it gives us a perfect   two to one reward to risk ratio now we  needed to wait for a small retracement   to satisfy our minimum reward to risk ratio and we  got that with this next bar as soon as it pinned   this line right here the 0.96 figure level exactly  where my mouse is exactly where the blue line is  

is your exact entry for this trade which  created a perfect 2-1 reward to risk ratio   stop losses are always comfortably behind the  reversal patterns and again i love this example   because not only is the stop loss behind these  reversals but it's also behind an important   level here let's hypothetically say price was to  retrace at this point it would have a figure to   go through it would have these lows to retest  and it would have now this daily pivot to go   through before it touches your stop loss so this  was an extremely ideal setting for this stop loss   take profit always a few pips prior to your next  target daily pivot so somewhere around there was   the perfect setting for your take profit now  remember this is a set and forget strategy   so once you set your entry your stop loss  and your take profit you go about your day   and this trade would have automatically  executed for 80 pips take profit set and forget   now let's move on to the next trading day right  here reversal number one is in this area right   here and this is a very crystal clear reversal  number two step number two you want to make   sure that the double reversal is happening at an  important level an important level may include   a figure or it may include what we have in this  example right here that line which is known as   a daily pivot point step number three you want to  make sure that the second reversal this one right   here is happening at one of those three right  times as referenced in our forex secrets video   this particular example this beautiful railroad  track was exactly at the london open the structure   of this trade the timing of this trade could not  have been more perfect step number four you want   to optimize your entry and part of optimizing your  entry is always making sure wherever you enter and   wherever you set your stop loss and take profit  that it satisfies our minimum reward to risk ratio   of two to one again in this example we needed a  small retracement usually we would have entered   right there however again with this example  we needed a slight retracement which we got   right where my mouse is right where that blue  line is that would have been your perfect entry   to satisfy our minimum two to one reward to risk  ratio stop losses always comfortably behind these   reversal patterns so somewhere around there would  have been a perfect area to place your stop loss   take profit as always a few pips prior to your  next target daily pivot so your take profit would   be somewhere around there and again this is a set  and forget strategy once you set your entry your   stop loss your take profit this trade would have  automatically executed for 70 pips set and forget   and as you can see from this trading day right  here this trade failed right around step number   one because here is a very crystal clear false  break young reversal back into the daily pivot but   we didn't have a very clear-cut second reversal  so this failed at step number one the proper   thing to do with this particular example would be  to go find another currency pair where all four   steps were clearly present so this trading day  stopped at step number one because there was no   second reversal there was a very clear reversal  number one but no clear reversal number two   here are some more examples of our four-step  strategy on the us yen for this week and let's   get started with this example right here step  number one to double reversal pattern reversal   number one is that row of reds followed by these  greens that green completing reversal number one   reversal number two could not have been more  perfect this two bar combination this red and this   green that's your classic reversal pattern also  known as railroad tracks step number two you want   to make sure that your double reversal pattern  is happening at an important level an important   level may include a figure or it may include what  we have in this example this line right here which   is known as a daily pivot point step number three  you want to make sure your second reversal is   happening at one of those three special times  this second reversal came slightly after the   london open which is perfect step number four  you want to optimize your entry so the perfect   entry would have been right after the close of  the second reversal pattern let me go ahead and   mark our entry in blue and it will show you our  exact entry as soon as that green bar closed   right where my mouse is exactly where the blue  line is that's your exact entry for this example   take profit always a few pips prior to your next  target daily pivot so somewhere around there   would have been your perfect take profit setting  now for this example the lesson is in regards   to our stop loss as you can see i've already  marked our stop loss with these trades usually   we will place our stop loss behind both reversal  patterns however for this particular trade to work   for it to satisfy our minimum two to one reward  to risk ratio trade it was not possible for us to   place our stop-loss behind both reversal patterns  so the lesson on circumstances such as this is yes   you may place the stop loss behind only  one reversal pattern if there is enough   layers of protection prior to your stop loss as  you can see here this example not only had a daily   pivot right here it also had this line slightly  prior to this stop loss is the 107 figure level   only in a circumstance such as this where there  is enough important levels prior to your stop loss   it's sometimes okay to place your stop loss behind  only one reversal pattern usually we place it   behind both but it's okay in circumstances such  as this where there is a daily pivot and a figure   prior to your stop loss it's okay to place your  stop loss behind only the last reversal pattern   and remember this is a set and forget strategy  so once you set your entry set your stop loss you   set your take profit this trade was a hundred  pips set and forget moving on to this trading   day right here and this is a variation of our  four-step strategy this is known as a retracement   plus our four-step strategy so the retracement is  this right here so you can see it created another   higher high so once you have an example where you  have higher highs you also have higher lows then   you can look for a retracement which is this one  right here here is the higher high a retracement   then our four step strategy so with these examples  i want to give you as many variations of our   four-step strategy as possible so this example  is known as a retracement plus our four-step   strategy and the only way you can actually  get a retracement is if you have higher highs   and higher lows for this example if we're trading  up if we were trading down it would require   lower highs and lower lows but this example is  higher highs higher lows retracement plus our   four steps again i want to expose you to as many  variations of our four-step strategy as possible   to help you become a successful forex trader so  let's go through our four steps on this one step   number one is the double reversal our reversal  was this one so as soon as it retraced it created   our first reversal this very strong green bar this  is reversal one this row of reds and it completes   with this green bar right here that's reversal one  this is reversal number to that row of reds and   this green bar completed reversal number  two step number two you want to make sure   your double reversal pattern is happening at an  important level this example actually has both   important levels this line right here right where  the blue line is is the 109 figure level and also   this line right here is a daily pivot point so  this trade is very ideal it's got both a figure   this line right here and a daily pivot point step  number three you want to make sure your second   reversal this one right here is happening at one  of those three right times as referenced in our   forex secrets video either the tokyo open london  open in europe open as you can clearly see this   one is right at the london open which is perfect  step number four you want to optimize your entry   now this trade usually we would enter right off  the close of that second reversal again with this   one we needed a small retracement which we got  with this candle right here the very next one   it came and tapped the 109 figure that's the exact  entry we needed to satisfy our minimum reward risk   ratio of two to one your take profit as always a  few pips prior to the next target daily pivot so   somewhere around there and again with this example  just like this one we couldn't place our stop loss   behind both reversal patterns and again there is  here's the lesson again which is if you have two   important levels prior to your stop loss it's okay  to place your stop loss after that final reversal   so again this is a set and forget strategy  once you set your entry you set your stop   loss you set your take profit this trade would  have automatically executed for about 60 pips   set and forget moving on to the final trading day  of the week right here step number one the double   reversal pattern here's reversal number one with  this row of reds going down that row of greens   going up that green completed reversal number one  reversal number two is this red followed by these   two greens that green right there completed  reversal number two step number two you want   to make sure that your double reversal pattern is  happening at an important level an important level   may include a figure or it may include a daily  pivot point this example has both a figure the   110 figure level and it also has a daily pivot  point step number three you want to make sure   that the second reversal this one right here is  happening at one of those three right times this   one came slightly after the london open which is  perfect step number four you want to optimize your   entry again this one needed a slight retracement  to make our two to one reward to risk ratio work   so your entry was right here typically we would  enter right off the close of the second reversal   we needed a small retracement which we got right  there right where my mouse is right where the   blue line is is exactly where your entry is stop  loss comfortably behind these reversal patterns   so this one it was okay to place your stop loss  behind both take profit always a few pips prior   to the next target daily pivot so your take profit  was around there this is about 150 pip take profit   actually it's a little bit more but regardless you  want your trade to make sure it's a minimum of two   to one this is actually slightly higher than a two  to one but what happened here your trade actually   didn't automatically execute these are send forget  strategies so once you set your entry your stop   loss you take profit you go about your day as you  can see it didn't actually hit our 160 165 pip   take profit so in this case the rule is with these  trades when it's 4 to 5 pm london time which is   about this area here if it has not automatically  hit your take profit then you manually close the   trade out 4 to 5 pm london time and had you  done that here this is still about 140 pips   take profit so even though it didn't hit your  160 ish set and forget take profit you manually   could have closed this one out for 140 pips take  profit not bad for this week moving on to part two   best forex indicator right so the first thing that  you want to do is visit tradingview .com as you   can see i'm already on the homepage of tradingview  .com once you're here there's two ways to launch   your chart you can either click launch chart  or you can search the exact currency pair   the one to always start with is the euro us dollar  you will pull the euro us dollar by typing in eur   usd exactly how i just did and click on euro us  dollar so as you can see it pulls this up what   you need though is the full featured chart  go ahead and click on full feature chart   and as you can see the chart looks a  little bit busy let me show you how to   make this a little bit more easy on the eyes let's  go ahead and minimize this whole panel right here   if you you see this button right here in  the top right corner go ahead and click that   it will hide that right panel and a very  important thing there's this indicator right here   and you don't need any indicator other  than the pivot points indicator the way   you go about removing this indicator there's  two ways the indicators will be listed right   here click this x to delete it or just simply  put your mouse over the indicator right click   and click remove and that will remove it now  the screen looks a little bit more pleasant   you can also click this button to zoom out but  i actually need to show you guys how to set up   the indicator our pivot points indicator so let's  go ahead and do that right now you set the pivot   points indicator by first accessing the this  plus indicators button go ahead and click it   and since we need the pivot points indicator type  in pivot and it will pull up a couple indicators   here you need this one pivot point standard right  as you can see it pulled it up behind this thing   so go ahead and close out of this now what  you need to do is actually configure the pivot   so go here click on this button which is  the settings button now let's configure   the settings so for the type of pivot you want  to set it as classic for the pivot's time frame   you want to make sure it's set to daily for the  number of pivots back this is entirely up to you   i usually just set it at a hundred what this means  is it will show you the hundred previous days with   pivot points so if you set it to one for example  it will only show you one previous day with pivot   points if you set it to 100 it will show you the  hundred previous days with a hundred examples of   the pivot points on those hundred days so go ahead  and click ok now as you can see here it displays   an error message you cannot see this pivot time  frame at this resolution let's go ahead and fix   this error message and the reason is showing that  is because the chart is set to a daily time frame   so click this button right here and to change the  time frame this is a day trade intraday slash day   trading time frame so the one we recommend is  the 30 minutes don't go below 15 minutes so 15   minutes minimum 30 minutes recommended one hour  charts are also very good so let's go ahead and   click on 30 minutes our recommended chart time  frame and as you can see we have our daily pivot   points ready to go and what you want to do at this  point if you haven't already done so is create   a free trading view account and save this layout  so you don't have to repeat all the steps that   we just did alright so make sure to save the  layout create a free account in order to do so   and that way you'll always have these when you  log in it'll be ready to go now i want to show   you what you do as far as your daily routine  with trading view so remember how i typed in eur   usd to pull up the euro now every single day you  want to check these pairs so let me show you at   least the major 7 so you can get familiarized  with what to type to at least check the major 7.   so the first one that you want to check is  the euro us which is the one on the screen   the next one you want to type g b p usd and  that stands for the british pound us dollar   you'll go ahead and click on that when you're  ready to look at the chart i'm just going to   quickly go through all the other ones you may want  to write down these initials these names to save   this for later because this is exactly what you're  going to do on a daily basis first you'll type   the previous one eur usd then you'll type gbp usd  for the british pound the next one type usd chf   chf let's repeat that again so that will pull  up the us dollar swiss franc the next one you   should type is usd cad which is the us canadian  the next one on the list should be usd jpy   and that's the us dollar japanese yen you  would click this to actually pull the chart   up another one on the majors list is aud usd  and that pulls up the australian dollar us   and the last one last but not least  is new zealand usd nzd usd type that   and it will pull this up all right so that's  their daily routine that you're going to be   going through first you'll type eur usd to pull  up the euro then the gbp usd to pull up the pound   and so on and so forth so let's actually  go to the pound because i keep on typing pb   it's great british pound usd let's go  ahead and pull up the british pound   and i just want to kind of familiarize you with  the strategy the totd the trades of the day series   strategy because a lot there was a lot of setups  on the pound so let me kind of familiarize your   you guys with that so last week we had a trade  here is one of them this was reversal one reversal   to reversal three take profit here was another i'm  just going to show you the structures of the trade   now these may not have been perfect  two to one reward to risk ratio trades   so i just want to show you the structures what  we're looking for double reversal patterns   at an important level at the right times so here's  another one as far as the structure reversal one   reversal two take profit let's kind of just  go through the pound right here real quickly   show you some examples of these trades here  here is reversal one reversal two take profit   here is a potential reversal one reversal to  take profit reversal one reversal two take profit   reversal one reversal to take profit so that's  basically our strategy it's a double reversal   strategy at an important level at the right times  let's go ahead and let me see if i can here's   another one reversal one reversal two didn't  quite hit our take profit here but a good example   nevertheless reversal one reversal two take profit  right so lots of examples here's a perfect one   reversal one reversal two take profit moving on  to part three forex secrets the forex secrets that   we'll be covering in this video include reversals  that occur at specific times the most important   pattern that you need to know important levels  and how to predict the daily market direction   starting with secret number one reversals that  occur at specific times for every trading session   that you see on this table here the big move of  the day usually starts with some type of reversal   the reversal is the start for the big move of  the day and it's extremely important for you to   identify the reversals of the day so you can get  in on the action let's review this chart piece by   piece so you can have a much better understanding  of the major reversals of the day the london open   starts at 8 am london time monday through friday  the reversals usually occur around 7 am to 10 30   am london time monday through friday these are the  exact times you should be looking for reversals   during the london open now another important piece  of information check for any forex news because   chances are the reversals will happen immediately  after or around the news releases definitely take   a look at the news for the london open because it  might pinpoint the exact times of the reversals   now another excellent time to look for reversals  is the new york open which is 8 am new york time   monday through friday more specifically the  reversals usually occur around 8 30 am new york   time monday through friday sometimes it's right on  the dot at 8 30 am new york time definitely keep   your eye on that time for reversals and a third  and final session that you should be looking for   reversals is the tokyo open now their tokyo open  overlaps with the sydney session the tokyo open is   9 a.m tokyo time 11 am sydney time monday through  friday the reversals usually occur around 9 30 am   tokyo time which is 11 30 am sydney time sometimes  the reversals are right on the dot at these times   again make sure to be scanning your charts at  these very specific times to identify these big   reversals of the day moving on to secret number  two the most important pattern that you need to   know is known as the double reversal pattern the  double reversal pattern can be either a double top   reversal or a double bottom reversal as  illustrated here let's start with the   double top reversal the number one represents the  first reversal or top the number two represents   the second reversal or top once you see the second  reversal that is your signal to sell down also the   second reversal usually occurs during the specific  times as we discussed earlier moving on to the   double bottom reversal pattern it's basically  the same concept as the double top reversal   except flipped with a double bottom pattern the  number one represents the first reversal or bottom   the number two represents the second reversal  also referred to as the second bottom   once you see the second reversal for a double  bottom pattern that is your signal to buy up again   the second reversal usually occurs during the  specific times as we mentioned earlier to bring   it all together you need to reference the specific  times in secret one and try to identify either a   double top reversal or a double bottom reversal  pattern remember you're looking for the second   reversal at a specific time these patterns happen  on a daily basis usually around the specific times   as we discussed this is the most important  pattern that you need to know if you learn this   and you do it well you will be a phenomenal forex  trader and we're going to help you master this   every step of the way now another important  piece of information notice in the red and green   rectangles the words important level you need to  make sure that these patterns are happening at   important levels which is exactly the topic of  our next secret moving on to secret number three   important levels equally as important as it is  to identify the reversal patterns it's just as   important to make sure that the reversals are  happening around important levels the three   important levels that you need to know are pivot  points figures and support and resistance zones   starting with pivot points first of all pivot  points is an indicator that is typically included   with many charting platforms make sure to add this  indicator to your charts the daily pivot points   are the ones you need to use on a daily basis  to capitalize on the big trades of the day pivot   points are truly one of the forex secrets for  success it's the only predictive indicator it's   the only one that tells you exactly where price is  going to go on a daily basis the secret is pivot   points you absolutely need to have them on your  charts we can't emphasize this enough now a little   bit more information on pivot points you look for  double top reversal patterns at p r1 r2 r3 and r4   you look for double bottom reversal patterns  also at p and s1 s2 s3 and s4 make sure to add   the daily pivot points indicator to your charts  and look for double top reversals and double   bottom reversals especially at the p level which  is known as the central pivot point many times   the reversals that occur for example at the london  open happen exactly at p the central pivot point   so be sure to have your eye on daily pivot  points moving on to figures figures are equally   as important as pivots figures are price levels  that end with 0-0 every figure is exactly 100 pips   away from the next figure the table that you see  here in the middle are some examples of figures   if you're not familiar with figures you need to  open your charts and locate these figures and   familiarize yourself with them once your eye is on  these figures you will soon realize that all major   price movements travel from figure to figure this  is definitely a huge secret that you need to know   look for double top and double bottom reversal  patterns at figures these are 100 pip moves   that you can capitalize on if price reverses at a  figure then guess where price is going it's going   exactly to the next figure this is how major forex  players move currencies figure to figure that's   100 pips for you if you can identify a reversal  at a figure and trade it to the next figure   moving on to support and resistance zones every  day there are major reversals at pivot points and   figures however if for some reason you can't  identify reversal at either a pivot or figure   then use any major support and resistance zone  to look for double bottom and double top reversal   patterns support zones are historic levels where  price has not been able to break through to the   downside price hits a major level of support  and goes up resistance zones are historic   levels where price wasn't able to break to the  top side price hits a major level of resistance   and goes down these zones are everywhere so if  you can't identify a reversal at a pivot or figure   then look for reversals at major support and  resistance zones moving on to secret number four   how to predict the daily market direction this  is where everything you have learned up to this   point comes together the only way you can  truly predict the daily market direction   is when price proves to you that it can't break a  level once you see that price can't break a level   and it keeps on forming reversal patterns that  means the market direction is headed the other way   the first example is how you predict the daily  market direction to be up you identify a double   bottom reversal pattern at an important level an  important level may include a pivot figure or any   major support and resistance zone and the second  reversal in the green circle usually occurs around   the specific times as we discussed for either the  london open the new york open or the tokyo open   if you spot this double bottom reversal pattern  at an important level at one of the important   times then the market direction for that  particular session will most likely be up   so what you would do is buy up after the second  reversal pattern closes in the green circle area   now the second example is how you predict the  daily market direction to be down you identify   a double top reversal pattern at an important  level again an important level may include a pivot   figure or any major support and resistance zone  sometimes it has all three the more confluences   the merrier and the second reversal in the red  circle usually occurs around the specific times   as we discussed for either the london open the  new york open or the tokyo open if you spot this   double top reversal pattern at an important level  at one of the important times then the market   direction for that particular session will most  likely be down so what you would do is sell down   after the second reversal pattern closes in the  red circle area this is how you predict a daily   market direction with the highest probability  possible this is quality forex trading this is   the information that you need to be successful  as a forex trader well that concludes our holy   grail best forex trading strategy and indicator  that also works for cryptocurrency and stocks   make sure to hit the like button subscribe and  comment for more videos also be sure to visit   our website Forex Elite .com for our forex mastery  course that course offers some of the best forex   trading strategies that are extremely important  for you to know check it out Forex Elite .com

2021-07-12 16:28

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