Forex Trading Methods - Do I Love It Or What?
This forex trading method took me by surprise, I must admit, I was anticipating more of the same, a woolly, half baked idea put together to sell to the naive traders. What I found was an especially precise, well thought out system and when I watched some of the videos on the sales page, it was clear that Russ Horn is a trader and a pretty good one at that|is a traders trader|as decent a trader as I am :). As my regular readers know, my method of trading consists mostly of scalps and reversals, never have been much of a trend trader, choosing turnarounds, for short and sharp move, which serve me well. Now, this Forex Rebellion system does both as it can be traded as a trend following method and is good at establishing confirmed trend exhaustion. This is great as it can often get into a new fresh trend, and those trades are priceless.
Being eager I immediately put the system to the run in the real world, opened 2 trades and made around 50 pips each in 2 hours. Now 2 hours is an eternity for yours truly, but I managed to hold my breath and stay in. Needless to say I could have had another 20 pips or so, and that's what is so good about forex rebellion, I have come to rely on it very quickly and am learning to expand my fast intraday frame of mind, by taking ¼ position off after the initial push and manage the rest. I usually use my own methods only, the Forex trading method just added another winning strategy to an already good stockpile.
Ease of Use:
Ok, if you've been using MT4 (Metaquotes free charting package) for a while, you can set it up in a few minutes. If not, Russ has produced a few videos showing you exactly what to do, he's even automated some of the process for you.
The documentation is great, no fluff, no beating about the bush, easy to use PDF and for those too lazy to read, like me, a load of mini videos, detailing all, setup, entry, stops, exits, the whole method, this guy is a good teacher too. Each video is only 4 - 9 minutes long and there are numerous live trade videos for those (like me) who learn by example.
The Method:
A really visual signal is issued for either short or long entry, entry point is visual too and is ahead, so that you don't enter at ticker value but set a order. The stops are clear to see and are simplicity itself as are the target and trailing once you're in profit. (In all the trades I took, the price never came near the original stops), that is not to say that it will never happen, it will. Money management is not difficult, as all is clear and you can calculate position size accordingly. Of course not all trades will be winners, however, Russ has figured a plan to reverse a losing trade and profit from that, brilliant. There are some extra bonuses that help you select a high probability trade and videos on money management and emotions.
My view:
If you are going to spend any money at all on both educating yourself and getting a mega system, at $97.00 this is cheap, it's worth far more in my view and I wouldn't be surprised if demand pushes the price up.
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