By Gerald E. Greene

A great way to opposite a trade's fortune just about all buying and selling books specialise in ''winning'' trades. yet successful trades may be demanding to come back through, in particular if you find yourself simply beginning out. Turning wasting currency Trades into Winners takes a glance at this self-discipline from a distinct attitude, analyzing powerful tools for facing trades which are in a wasting place. First, it publications the dealer throughout the numerous steps of deciding upon if a exchange is with or opposed to the general pattern. Then, it explains tips to come to a decision whilst a exchange will be closed or left open. whereas this trustworthy source is full of in-depth insights and professional recommendation that might aid readers achieve a greater figuring out of modern day currency industry, it additionally includes thousands of chart examples that may offer step by step directions on how investors can get over losses.

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Extra info for Turning Losing Forex Trades into Winners: Proven Techniques to Reverse Your Losses

Example text

The best method for me to locate these points of reversal is to use the River Oscillator Indicator (ROI) that is described in more detail later in this chapter. In subsequent chapters, I will demonstrate how to accomplish the same thing with several other oscillators and trend lines. I have discovered that the key to success is to reference two time compressions that have a ratio between 8:1 and 12:1. For example, if I use the 10-minute chart with the two-hour chart, or the 30-minute chart with the four-hour chart, or the two-hour chart with the day chart, the market harmonics allow the trader to make decisions using the market oscillations more effectively.

Between trades four and five, you will see another vertical line indicating where the market returned back inside the four-hour trend wall. This is an indication that our trading direction should return back to the upside. 15 Final 3 Trades Source: Copyright C 2007, Concorde Forex Group, Inc. c02 JWBK133-Greene 30 March 29, 2008 17:24 Char Count= TURNING LOSING FOREX TRADES INTO WINNERS Trade five was made as soon as the ROI crossed into agreement with the direction that we want to trade. 14 as the ROI crosses up when the market bounces off the bottom of the four-hour trend wall.

Demonstrates the trading channel. Over the past six years I have found that this is a challenge for most traders. It seems that most traders cannot understand the importance of drawing trend walls. Hopefully the examples that I am showing in this book are making an impression on your mind. The trend is a critical component of a trade because it needs to be depended upon for profit, and if a retracement occurs before profits are realized then it needs to be depended upon to bring the market back for recovery.

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