THE TRADERS EDGE
-PRP STRATEGY-
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This strategy can get you on the right side of the market. Please make sure to read the following article to understand the strategy entirely.
-----------------> https://the-tradersedge.com/smart-money/ <-----------------
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When you decide to become a participant in the foreign exchange market you should know that your opponents are the most sharpest minds in the world regarding economics, highly efficient algorithms and institutions with huge amounts of money that can drive the market anywhere, anytime they want.
There will not be any holy grail, secret EA or fancy mathematical tricks to beat the system. What you need is a reliable edge that works forever and is working in any market condition. This is where the Profit Release System comes into play.
When you read the article the smart money business you know by now about accumulation, manipulation and profit release phases.
The Profit Release indicator has a unique way of measuring when momentum comes into the market and the market makers are about to release their profits.
Long Setup Example:
1. First you want to see a phase of accumulation after a previous downtrend.
2. Price breaks out of accumulation with an impulsive momentum move to the upside.
3. This impulsive move should be followed by a short accumulation phase.
4. The indicator measures the momentum of the previous momentum move and gives a you an entry signal at the best possible price
See the example below of a perfect PRP-Setup. Tight accumulation phase, followed by an impulsive momentum move to the upside.
Short Setup Example:
1. First you want to see a phase of accumulation after a previous uptrend.
2. Price breaks out of accumulation with an impulsive momentum move to the downside.
3. This impulsive move should be followed by a short accumulation phase.
4. The indicator measures the momentum of the previous momentum move and gives a you an entry signal at the best possible price
See the example below of a short PRP-Setup. Tight accumulation phase, followed by an impulsive momentum move to the downside.
The Edge
You can see in the above examples by just visually checking the setups by the indicator, you can get into good trades setups, because the indicator itself gives you two edges already when generating a signal.
- A strong momentum into a trend
- A good entry price on a retracement (accumulation)
But that is not enough. If you want to reach a successrate of more than 80%, you should always keep in mind to have a look at the bigger picture. Because you should be picky with your trades. Trading is not for entertainment taking a couple of mediocre trades every day. You want to get into setups with a high probability of winning.
This can only be achieved with adding the third edge to the profit release system: The higher timeframe analysis.
This analysis , in my opinion, is the most important part in trading and does not take that much effort to do every day. Especially when you just focus on one pair for the beginning. It is something only you can learn and do by yourself. No EA or indicator can replace your own view of the market. You can trade the PRP-System on any timeframe you want. What suits you best, is up to you. But always analyse the higher timeframe.
We are looking for bounce of resistance/support and trendlines as in the following graphics. You can also see in the graphics that the entry point is not directly marked at the turning point. And the reason is, that the PRP Indicator will give you an entry signal not exactly at the turning point. It will give you a signal when momentum bounces of this turning point and that is the edge of analyzing the higher timeframe.
For some of you this all might seem complicated. But it is not. Trust me. Imagine I am giving you a car right here. You first need to take some drivers lessons to know how to actually drive. To make you feel more comfortable, I created a Telegram Group that you will get access to when purchasing the system.
Also you might want to watch the video below where I forward-test 7 days of trading the PRP-System with analyzing the higher timeframe!
The entire system can be purchased here ------------------->https://the-tradersedge.com/prp-strategy/
Included:
PRP-Indicator
PRP-Scanner (Scans up to 30 symbolds and 8 timeframes. Sends eMail, MT4 and push alerts)
Risk Management Tool
Telegram Group
Lifetime Updates
HAPPY TRADING!!!