Rubber Band Method of Forex Trading
Rubber Band Method of Forex Trading
This ebook and companion videos give you a complete education in counter trend trading (range bound trading) using my custom indicator. I show you how to build it using free charting software, and how to utilize it to take money out of the forex market every day.
Important: You’ve probably heard the saying, “The trend is your friend.”
Wanna bet? Everyone has heard that saying. ‘Everyone’ is trying to trade the trend. Is it the crowd that makes money in the market? Do you know who makes all the money in the market? It’s the ones with the courage and foresight to go against the crowd. Only ten percent of forex traders make money. The majority is usually wrong, and the majority is trading the trend.
It’s time you started raking in the profits you deserve. Trading “against” the trend is neither risky nor dangerous as you’ve been taught. Do it right, and it’s quite profitable. Why do you think you’ve always been told to avoid going “against” the trend by market “gurus”? Well? The trading elite are trying to keep the profits for themselves.
Every time the market twists and turns, every time it reverses direction, it’s giving you opportunity to take money. That’s what “counter” trend trading is all about.
You’re only limited by your ability to spot the opportunities and, of course, your starting capital. Speaking of capital, you can trade this system with as little as $1000. (Beware of anyone who says you can start using their system with as little as several hundred dollars. They are lying! You will lose every single cent trading with that small of an account. Trust me. Been there, done that.)
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My definition of “counter trend trading” (rubber band method) is when a trade is placed against the major trend of that particular time frame – say for example, you trade the 10 minute time frame, the major trend (position of 200ma) must be determined or established on either the 60 minute or the 30 minute chart or time frame.
The fact behind all this is that, it is perfectly normal for price and the 200 moving average to drift apart, but sooner or later they tend to catch up with each other, resulting in some highly profitable counter trend trading moves…knowing how to catch these moves is an art on its own! check it out here http://www.chart-my-trade.com
Hello there. I do not, dont usually like posting comments on sites, but I just got to give it to you. I like how you explain matters in lay man terms. Great insights. I’ve bookmarked your site already. : )
Could you give me the name of tamplate you used on your site