Simple 4X System Download Scam

Over the past few years, I've relied upon the Heiken Ashii candles (2,6,3,2 settings), the Slope Direction Lines (34,2,0 and 9,3,0 settings), simple Support and Resistance lines and of course, the Anniversary Trade (which is a moving average crossover trade, for those of you who never read my book).Grab A Copy Click Here


Obviously, there are dozens of other indicators, with a myriad of settings you could use, but I want to keep this shorter than a Tom Clancy novel, so lets just look at the indicators I've mentioned.

I know the price numbers along the right side are not really clear, but I have a clear copy in front of me, so just trust me to copy them here correctly. The first H/A candle to show signs of turning was at 16:40 (where the H/A was a red dot at the bottom and a blue wick running up). That candle closed at 1.4898. Since you can't really trust the mixed color candles too much, most traders would wait for the next candle to also close blue in color before jumping in. That price was 1.4904. So using the H/A candles, you would buy in at 1.4904 and have an 80 pip run in front of you. Definitely not too shabby.

We discovered the slope lines a couple of years ago, and they have been a boon to our trading overall. Modeled after the Hull Moving Averages, the Slope lines can oftentimes get you in near the bottom, and out near the top if you have the patience to wait for the colors to change. Using settings of 34,2,0 for the "slow" line and 9,3,0 for the "fast" line, the trade calls for you to check the color of the slow line, and place trades as soon as the fast line changes to the same color. Similar to the Heiken Ashii candles, it's best to wait until the second candle closes after the color change, as this indicator tends to "repaint" when there is no clear trend under development.Grab A Copy Click Here


Using the 2 Slope Line method, you can see that the "slow" line turns from red to green at 16:50. The color change locks in when the second candle closes at 16:55, and this is where you would enter your Buy order, at a price of 1.4910. So your entry would be 6 pips worse than using Heiken Ashii candles, but you still get a good entry price considering the way this trade unfolded.

Support and Resistance lines are the backbone of virtually all trading. By waiting for price to break out of a range, and trading in the direction of the breakout, you give yourself a better than reasonable chance to get into a winning trade (most of you got the GBP/JPY trade I sent out a couple of weeks back, and that call was based on nothing more than a breakout from an increasingly diminished range, bounded by a support line at the bottom and a resistance line at the top).

For the trade we are examining, we actually have to go back in time a few hours to see exactly where those S & R lines would be placed.
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