How To Predict Profitable Turn-Around Points

RESEARCH UPDATE

This post is to show you a new finding that I made after publishing the ebook.

This will help you to pick the better trades.

Many times, the indicators get maxed out and will give you about 20-30 pips if you get a great entry. You have to recognize the play and jump on it.

Every day or every few days, you get the big one that will give you up to 100 pips. So how do you recognise these plays?

OK, we have already identified the special moving average as taught in the ebook. This matches the range of a full days worth of trading. My favorite chart to trade is the 30-minute chart.

What we now need is a MA that will help us put any current price in perspective.
This will be the MA 144.

Make sure that price is 110 pips or higher away from the MA 144 and fade the move. This means that if the price is 120 pips on top of the 144, sell and hold on for a pretty good gain, at least up to the special moving average.

On the other hand, if price is about 120 pips below the 144, look to buy. At this point, you will find that the MACD, RSI are also lined up.




This is a trade I recently did with this technique. The above is a 30-minute chart of the GBP/USD. Price had made a big move down and having measured the move from the MA144, I found that It was more than 110 pips.

If you look at the picture, you will find that my stochastic was in the buy zone. All the other indicators that I use like the MACD and RSI were also in the buy zone.

I entered a buy order and reached my T1 for a 72 pip gain. That was all I needed on that trade. You can do the math, with 10 mini-lots, that was $720 in less than a day of trading!
The move went on to make 120 pips at the time that I took the picture.




Make sure that you are doing this on a 30-minute chart. Also a caveat: I have found this to work only with the GBP/USD and the EUR/USD.
If you have the ebook, contact me for clarification. To get the ebook, CLICK HERE.