Description

A Working Man’s Forex Position Trading System

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Description

A Working Man’s Forex Position Trading System

To make trading the forex part-time possible, I began to design my unique position trading system I now call “Daily 3 Stochastic”. After many late nights of intense studying, backtesting and experimentation, I have discovered two amazingly powerful indicators which when combined with classic rules of trading makes a very powerful yet simplistic position trading system.

FULL COURSE CONTENT
1. A Working Man’s Introduction (5:56)
2. Daily 3 Stochastic System Introduction (3:31)
3. Charts and templates (6:20)
4. Chart Setup 89, 144, 200 EMAs (4:00)
5. Chart Setup GMMAs (6:49)
6. Chart Setup Stochastic Oscillator (4:23)
7. Chart Setup SMI Daily, Weekly (7:02)
8. Chart Setup RSI, MACD (6:54)
9. What is Angle and Separation (4:34)
10. Guppy Multiple Moving Average (6:35)
11. GMMA Trending Non Trending Market (6:24)
12. The 89, 144, and 200 EMAs (3:36)
13. The Stochastic Oscillator (6:36)
14. Stochastic Momentum Index (4:41)
15. SMI Daily and SMI Weekly (4:27)
16. Overbought Oversold SMI Levels (2:04)
17. Confirming Indicators RSI, MACD (2:37)
18. Exit Signals (4:15)
19. System Rules and Trade Steps (5:20)
20. Example Trade Using The Guide (4:31)
21. Test One (2:00)
22. Test Two (2:11)
23. Test Three (1:12)
24. Test Four (2:27)
25. Test Five (2:20)
26. Final Word (2:12)

When I set out to design a system, I had the following objectives in mind:

1. Requires only a few minutes a day to find and manage trades

2. Easy to implement

3. Easy to learn

4. Visually oriented method (quick and systematic scanning)

5. Uses readily available software and charting tools

6. High winning probability

Forex Trading – Foreign Exchange Course

Want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.