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Forex Ladder GAINS 226 Pips Weekly on EUR/USD since Jan 2010

It’s been a little over 3 months since I publicly announced the Forex Ladder Trading Method. Since then I’ve been working with a small group of traders in the LIVE Forex Training class.

The EUR/USD is about to make another BIG MOVE…keep reading to see how you can benefit from it…

Before telling you *HOW* to grab the next big EUR/USD movement, allow me to *SHOW* you the results of the last 145 trades this method has produced:

Forex Ladder Produces Results

Although this new forex trading method has only been available to a small group of traders for the past few months, I spent many years painstakingly developing this method prior to releasing it. To prove the results, here is a summary of EVERY Forex Ladder Matrix trade that has happened since January 2010 for the EUR/USD on daily charts:

Date	Buy	Sell	Gain/Loss	Total
01/25/10	1.4080	1.4134	0.0054	0.0054
01/27/10	1.3982	1.4036	0.0054	0.0108
01/28/10	1.3924	1.3985	0.0061	0.0169
02/02/10	1.3900	1.3904	0.0004	0.0172
02/03/10	1.3857	1.3906	0.0049	0.0222
02/03/10	1.3779	1.3953	0.0173	0.0395
02/04/10	1.3679	1.3988	0.0309	0.0705
02/08/10	1.3747	1.3941	0.0194	0.0898
02/08/10	1.3747	1.3664	-0.0083	0.0816
02/08/10	1.3747	1.3659	-0.0088	0.0728
02/08/10	1.3747	1.3703	-0.0044	0.0684
02/10/10	1.3602	1.3758	0.0156	0.0840
02/10/10	1.3672	1.3741	0.0069	0.0909
02/15/10	1.3656	1.3614	-0.0042	0.0868
02/15/10	1.3656	1.3603	-0.0053	0.0815
02/15/10	1.3656	1.3629	-0.0027	0.0788
04/26/10	1.3209	1.3323	0.0114	0.0902
04/26/10	1.3258	1.3399	0.0141	0.1043
04/26/10	1.3306	1.3324	0.0018	0.1061
04/26/10	1.3209	1.3412	0.0204	0.1265
04/29/10	1.3326	1.3355	0.0029	0.1294
04/29/10	1.3326	1.3251	-0.0075	0.1218
04/29/10	1.3326	1.3199	-0.0127	0.1091
04/29/10	1.3326	1.3231	-0.0095	0.0996
04/29/10	1.3326	1.3279	-0.0048	0.0948
05/02/10	1.3182	1.3356	0.0173	0.1121
05/02/10	1.3238	1.3293	0.0055	0.1177
05/09/10	1.2924	1.2662	-0.0262	0.0915
05/09/10	1.2924	1.2814	-0.0110	0.0804
05/11/10	1.2621	1.2704	0.0083	0.0887
05/12/10	1.2578	1.2651	0.0074	0.0961
05/17/10	1.2264	1.2346	0.0082	0.1043
05/23/10	1.2456	1.2268	-0.0188	0.0855
05/23/10	1.2348	1.2398	0.0050	0.0905
05/24/10	1.2306	1.2326	0.0020	0.0925
05/24/10	1.2188	1.2481	0.0293	0.1218
05/25/10	1.2207	1.2459	0.0252	0.1470
05/27/10	1.2302	1.2614	0.0312	0.1782
05/27/10	1.2302	1.2297	-0.0005	0.1777
05/27/10	1.2302	1.2243	-0.0059	0.1718
05/27/10	1.2302	1.2343	0.0041	0.1759
07/05/10	1.2496	1.2551	0.0055	0.1814
07/05/10	1.2526	1.2575	0.0049	0.1863
07/07/10	1.2588	1.2676	0.0088	0.1951
07/11/10	1.2598	1.2783	0.0011	0.1962
07/14/10	1.2675	1.2692	0.0016	0.1979
07/14/10	1.2633	1.2644	0.0185	0.2164
07/14/10	1.2548	1.2831	0.0283	0.2447
07/14/10	1.2597	1.2880	0.0284	0.2731
07/19/10	1.2734	1.2996	0.0262	0.2993
07/21/10	1.2880	1.2881	0.0001	0.2994
07/22/10	1.2941	1.2957	0.0017	0.3010
07/25/10	1.2875	1.2980	0.0105	0.3116
07/26/10	1.2934	1.3027	0.0093	0.3209
07/28/10	1.2814	1.3037	0.0223	0.3432
07/28/10	1.2799	1.3073	0.0275	0.3706
08/01/10	1.2853	1.3093	0.0240	0.3946
08/01/10	1.2890	1.3149	0.0260	0.4206
08/02/10	1.2957	1.3219	0.0262	0.4468
08/05/10	1.2997	1.3240	0.0243	0.4711
08/05/10	1.3000	1.3300	0.0300	0.5011
08/09/10	1.2993	1.3147	0.0154	0.5166
08/09/10	1.3157	1.3147	-0.0010	0.5156
08/09/10	1.3212	1.3147	-0.0065	0.5091
08/09/10	1.3119	1.3147	0.0028	0.5119
08/09/10	1.3176	1.3147	-0.0029	0.5091
08/09/10	1.3180	1.3147	-0.0033	0.5058
08/09/10	1.3260	1.3147	-0.0113	0.4945
08/09/10	1.3198	1.3147	-0.0050	0.4895
08/10/10	1.3160	1.3005	-0.0155	0.4740
08/10/10	1.3082	1.3005	-0.0078	0.4662
08/18/10	1.2813	1.2865	0.0052	0.4714
08/19/10	1.2765	1.2831	0.0067	0.4780
08/23/10	1.2632	1.2715	0.0083	0.4863
08/23/10	1.2586	1.2677	0.0090	0.4954
08/27/10	1.2677	1.2643	-0.0034	0.4920
08/28/10	1.2636	1.2706	0.0071	0.4990
08/31/10	1.2797	1.2663	-0.0134	0.4856
08/31/10	1.2797	1.2722	-0.0076	0.4780
08/31/10	1.2797	1.2709	-0.0088	0.4692
08/31/10	1.2797	1.2768	-0.0030	0.4663
08/31/10	1.2797	1.2728	-0.0069	0.4594
08/31/10	1.2797	1.2695	-0.0102	0.4491
08/31/10	1.2797	1.2682	-0.0116	0.4376
08/31/10	1.2797	1.2740	-0.0058	0.4318
09/20/10	1.3056	1.3115	0.0059	0.4377
09/20/10	1.3071	1.3159	0.0088	0.4465
09/20/10	1.3070	1.3204	0.0135	0.4600
09/23/10	1.3363	1.3393	0.0030	0.4629
09/23/10	1.3343	1.3443	0.0100	0.4729
09/27/10	1.3420	1.3501	0.0081	0.4810
09/27/10	1.3462	1.3540	0.0078	0.4889
09/29/10	1.3574	1.3654	0.0080	0.4969
09/30/10	1.3612	1.3689	0.0077	0.5045
09/30/10	1.3625	1.3752	0.0128	0.5173
10/04/10	1.3726	1.3783	0.0057	0.5230
10/04/10	1.3643	1.3847	0.0204	0.5435
10/05/10	1.3718	1.3898	0.0180	0.5614
10/06/10	1.3891	1.3972	0.0081	0.5696
10/10/10	1.3849	1.3991	0.0142	0.5838
10/12/10	1.3937	1.3965	0.0029	0.5866
10/13/10	1.3913	1.4003	0.0090	0.5956
10/13/10	1.3837	1.4049	0.0211	0.6168
10/13/10	1.3917	1.4094	0.0177	0.6345
10/14/10	1.3958	1.4141	0.0184	0.6528
10/18/10	1.3974	1.3920	-0.0055	0.6474
10/18/10	1.4053	1.3920	-0.0133	0.6341
10/18/10	1.3902	1.3920	0.0017	0.6358
11/15/10	1.3531	1.3633	0.0102	0.6460
11/17/10	1.3627	1.3529	-0.0098	0.6362
11/17/10	1.3627	1.3572	-0.0055	0.6308
11/21/10	1.3614	1.3687	0.0077	0.6384
11/22/10	1.3553	1.3611	-0.0127	0.6257
11/22/10	1.3442	1.3737	0.0063	0.6321
11/23/10	1.3302	1.3674	0.0372	0.6692
11/25/10	1.3297	1.3345	0.0049	0.6741
11/25/10	1.3248	1.3345	0.0096	0.6837
11/28/10	1.3184	1.3269	0.0085	0.6923
12/02/10	1.3370	1.3115	-0.0256	0.6667
12/02/10	1.3370	1.3033	-0.0338	0.6329
12/02/10	1.3370	1.3096	-0.0275	0.6054
12/02/10	1.3370	1.3208	-0.0163	0.5892
12/02/10	1.3370	1.3271	-0.0100	0.5792
12/07/10	1.3226	1.3339	0.0113	0.5905
12/08/10	1.3240	1.3324	0.0084	0.5989
01/11/11	1.3051	1.2977	-0.0073	0.5916
01/11/11	1.3051	1.2928	-0.0122	0.5794
01/11/11	1.3051	1.3003	-0.0047	0.5746
01/12/11	1.3279	1.3178	-0.0101	0.5646
01/16/11	1.3381	1.3439	0.0058	0.5704
01/20/11	1.3459	1.3528	0.0069	0.5773
01/20/11	1.3463	1.3592	0.0130	0.5903
01/24/11	1.3562	1.3696	0.0134	0.6037
01/26/11	1.3620	1.3733	0.0113	0.6150
01/27/11	1.3652	1.3598	-0.0053	0.6097
01/27/11	1.3653	1.3598	-0.0055	0.6042
01/27/11	1.3690	1.3598	-0.0092	0.5950
01/27/11	1.3654	1.3598	-0.0056	0.5894
01/27/11	1.3709	1.3598	-0.0111	0.5783
01/30/11	1.3645	1.3720	0.0075	0.5858
02/02/11	1.3787	1.3715	-0.0071	0.5787
02/02/11	1.3812	1.3715	-0.0096	0.5691
02/02/11	1.3764	1.3715	-0.0048	0.5643
02/07/11	1.3570	1.3572	0.0002	0.5645
02/07/11	1.3529	1.3572	0.0043	0.5689
02/07/11	1.3600	1.3572	-0.0028	0.5661

That’s 226 Pips a Week!

As you can see, over the course of the 25 weeks trades were signaled, there was an overall gain of 5,661 pips! This is impressive considering that the EUR/USD from it’s high to it’s low during the same time period only moved 2,538 pips!

Out of the 145 total trades, 90 (62.1%) were profitable. The best part about this trading method was that it takes less than 10 minutes a day AND there’s nothing to think about. You simply enter your buy/sell orders and you’re done for the day.

How Does It Work?

The Forex Ladder takes the most recent price data from the forex charts and gives you buy and sell targets. It works by allowing you to buy low & sell high (the secret to all profitable trading).

All you need to do is determine if the currency is trending (takes 30 seconds or less with a simple trick), then login to your forex account to place your orders (takes 5-7 minutes).

By placing many trades, you are able to put the odds of being right (making a profitable trade) on your side. It’s impossible to be right all of the time, but you can be right more than you’re wrong…and THAT is a very profitable SKILL to possess

What About Other Timeframes and Currency Pairs?

The Forex Ladder also works well with other timeframes and currency pairs. There are certain timeframes you should avoid for ALL trading (covered in the forex ladder course), this mistake has undoubtedly ruined untold fortunes for forex traders worldwide.

Next EUR/USD Price Wave Imminent

It’s been about 6 weeks since the EUR/USD had a trade using the forex ladder method. The EUR/USD is currently approaching a new price wave. With such a potentially lucrative movement about to happen, I want to give you a “heads up” on how you can take advantage of this new opportunity taught in the LIVE Forex Training class…I’ll even PROVE the results to you:

Click Here to Enroll in the LIVE Forex Training

to Benefit from the Next EUR/USD price wave!

Posted in Technical Analysis

126 Pip Pivot Point Profit

Pivot Points are an incredibly useful online forex trading technique. A recent trade of mine yielded a 126 pip profit in only 50 hours, which grew my entire trading account by 10.04%, which is exceptional for 20-30 minutes worth of work!

Why Forex Pivot Points?

Pivot Points are one of the most commonly used methods of online forex trading. The pivot point takes the High, Low, & Close prices from yesterday and generates Support & Resistance target prices.

Forex Pivot Points are uncannily accurate when combined with the right directional entry strategy. In the example below you’ll notice the predictive nature of forex pivot points for online forex trading success.

Spotting Trend Direction

In the Forex Sailing course I explain the fibonacci wave theory for determining trend direction. In a recent post, I also explained EMA/MACD divergence for signaling key trend movements.

While the trade below could have been an excellent Sail, it also would have required a stop of several hundred pips, which would have violated the money management system followed by the LIVE Forex Training class.

For this reason, I used pivot points to capture a shorter term profit of 126 pips in 2 days. Here’s how the trade unfolded.

EUR/USD Daily Trend Moves Down

From Forex Sailing we had a forex umbrella handle form after breaking a longer uptrend on the daily chart for the EUR/USD. I’ve labeled the fibonacci wave with the key points of I, II, II on the daily chart below:

In the chart shot above notice how there is good separation of the EMAs and how the MACD is increasingly negative as prices make new lows. This is a strong signal that prices will continue moving down for several days. We also moved past II, which means we should move to a lower low to reach IV.

To confirm this direction I also looked at smaller timeframes, which lined up nicely as well to indicate downward movement. As indicated on this 4 hour chart below:

In this chart we also had nice EMA separation, and an increasingly negative MACD. While there was a fair amount of divergence, the trend direction was still downward. But a large enough stop was needed to make sure the divergence didn’t retrace too much before the trend continued.

The 15 min chart below also indicated a downward moving trend:

As newer lows were made we maintained a widening of the EMA, we also maintained strong negative MACD divergence as new lows were made.

Downtrend Confirmed -> Let’s Trade

With a downtrend confirmed on these timeframes, it was time to look at our pivot points for good stop/limit prices. For the entry price I used a price close to the pivot and found a EMA/MACD divergence on a 5 min chart.

Initially I set the following trade parameters:

Entry: 1.3397 short

Stop: 1.3547

Limit: 1.3274

This gave us a good reward/risk ratio of 82%. We were below the pivot price of 1.3453, so the stop was less likely to be hit than our limit. This initial trade would have netted 123 pips profit.

24 Hour Adjustment

The next day the pivot points were recalculated because the trade was still in progress.

Entry: 1.3397 short

Stop: 1.3411

Limit: 1.3271

This reduced our risk to only 14 pips, and increased our profit 3 pips from 123 to 126 pips. The next day the trade was exited for a profit. Here’s the picture of what happened during the life of this trade on the hourly chart:

You can see the entry price of 1.3397 (red line). You can see the price at which the limit was hit 50 hours later at 1.3271 (blue line). The stop isn’t included on this chart because that price was never approached

As you can see the price consolidated a bit, but moved downward overall. We managed to get in near the top of this price movement and captured a 126 pip profit in only 50 hours.

How to Use Pivot Points

This trade was a real trade that I not only traded in my own personal forex trading account, but also shared in depth with the LIVE Forex Training class. Pivot Points are one of three key trading methodologies that I teach daily through screen capture video, downloadable trade plans, and Q&A with all participants.

If you’d like to learn how to spot & execute trades like this on a regular basis, enroll in the LIVE Forex Training today and learn personally from a full time professional forex trader (that’s me)

Posted in Technical Analysis

Forex Trading Chart Exercise

Want to teach yourself forex trading?

There’s stuff that forex charts will teach you that I simply can’t. So I have a simple challenge for you this week…

Watch 3 Currency Pairs This Week

I’ve selected three currency pairs for you to watch. The exercise is very simple.

Step One: Fire up a Forex Chart. If you’d like a great free chart, use the free netdania chart from dailyfx.com. This chart is great because it has all the basic tools and you can just go there with your browser. No account needed.

Step Two: Open up a window for each of these three currency pairs: EUR/USD, GBP/JPY and AUD/CHF. I chose these three currency pairs because they contain 6 different currencies. This way you’re guaranteed to see three different, completely unrelated chart patterns.

Step Three: Draw trendlines on Daily, 4-hr and 1-hr charts.

Step Four: Watch what happens. 2-5+ times a day look at these charts. Keep the same trendlines that you originally draw. In your head form a guess as to what might happen. To think like a trader, you’ll want to guess several different “what if” scenarios.

Don’t Skip This Because It’s Simple

I know you’re thinking that this is a little too simple. But hear me out...

Depending on your level of experience, you may be trying “too hard” to be right!

A beginner doesn’t know what to do. Before even trying to make trading decisions, JUST WATCH THE CHARTS!

Watch the live charts to see what happens. Just be curious as if you were watching an ongoing sports game. You don’t have to be right or wrong, just be curious.

You’re never going to be a successful forex trader online unless you get used to looking at forex charts often. Why not take your time and just get a good feel for the charts?

This is also a great time to look for the patterns you’ve been learning about.

Forex Chart Exercise Video

Watch the video below to see how to go through your forex charts and “what you should do” to set them up

Posted in Technical Analysis