Where the Opportunities Exist
Problem
Do you struggle to see the opportunity for you to profit that exist before you each and every day? Are you unsure as to which direction you should be trading in to give yourself the best chance of profit?
Solution
In this thread I am going to give away a specially configured template using freely available indicators. Please note this is not a trading system, but it will highlight where the opportunities exist, specifically on a 1 minute chart for GBP/USD. Essentially, it will show you a structure or framework for the price movement that repeats every day for that pair. It should help you to form a short term bias. From this you will be able to see for yourself where you should focus your development of your own trading system to exploit that movement.
Please find attached the specially configured template and the two required indicators. (Credit to those that coded the indicators)
Here are some screenshots of how it should look once you have it all loaded on a GBP/USD m1 chart.
With this you should be able to go off and develop it in your own way, so as to take advantage of the opportunity presented. I personally only focus on one pair, GBP/USD as it is all I need to reach my daily goals, but I would imagine this can be adapted to other pairs.
This is my way of giving something back freely to the community for those of you who want a good foundation to build on, and it is my hope that you go off and find your own way, using this as a base. I believe most will see the value in this and the opportunity presented. My time is precious to me and has a value. I cant afford to give my time or IP for free as I have many other interests I wish to pursue. I am in the commercial section, purely for those that would like to make an investment in learning how to trade in exchange for my time, for further insights or mentoring in important topics such as how I filter trades and enter with minimal draw-down which was built upon this foundation.
RISKS ASSOCIATED WITH FOREX TRADING
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Investments in foreign exchange speculation may also be susceptible to sharp rises and falls as the relevant market values fluctuate. The leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. Not only may investors get back less than they invested, but in the case of higher risk strategies, investors may lose the entirety of their investment. It is for this reason that when speculating in such markets it is advisable to use only risk capital.
Risk Disclaimer for Forex Trading
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts.
Problem
Do you struggle to see the opportunity for you to profit that exist before you each and every day? Are you unsure as to which direction you should be trading in to give yourself the best chance of profit?
Solution
In this thread I am going to give away a specially configured template using freely available indicators. Please note this is not a trading system, but it will highlight where the opportunities exist, specifically on a 1 minute chart for GBP/USD. Essentially, it will show you a structure or framework for the price movement that repeats every day for that pair. It should help you to form a short term bias. From this you will be able to see for yourself where you should focus your development of your own trading system to exploit that movement.
Please find attached the specially configured template and the two required indicators. (Credit to those that coded the indicators)
Attached File(s)
cablebase.zip
3 KB
|
1,092 downloads
Here are some screenshots of how it should look once you have it all loaded on a GBP/USD m1 chart.
With this you should be able to go off and develop it in your own way, so as to take advantage of the opportunity presented. I personally only focus on one pair, GBP/USD as it is all I need to reach my daily goals, but I would imagine this can be adapted to other pairs.
This is my way of giving something back freely to the community for those of you who want a good foundation to build on, and it is my hope that you go off and find your own way, using this as a base. I believe most will see the value in this and the opportunity presented. My time is precious to me and has a value. I cant afford to give my time or IP for free as I have many other interests I wish to pursue. I am in the commercial section, purely for those that would like to make an investment in learning how to trade in exchange for my time, for further insights or mentoring in important topics such as how I filter trades and enter with minimal draw-down which was built upon this foundation.
RISKS ASSOCIATED WITH FOREX TRADING
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Investments in foreign exchange speculation may also be susceptible to sharp rises and falls as the relevant market values fluctuate. The leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. Not only may investors get back less than they invested, but in the case of higher risk strategies, investors may lose the entirety of their investment. It is for this reason that when speculating in such markets it is advisable to use only risk capital.
Risk Disclaimer for Forex Trading
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts.
An expert is a man who has made all the mistakes which can be made