FREE Double Top/Bottom Indicator - Very Good Edge

This is what a customer says about my other trading system "Strong Trends + Magic Entries":



The following screenshots show the system in action:





There is a FREE Version "Strong Trends + Magic Entries" which works on two pairs: EURCAD and AUDJPY

Do you remember the trend continuation double bottom on Brent M15 which i posted some days ago?

The signal reached 12R:



If we look at the daily chart, then we see that we are now in a major resistance. Now it makes very much sense to close longer term trend trades:



Free Double Top/Bottom Indicator

Double Top/Bottom Alerter

The FREE Double Top/Bottom Telegram Group is growing every day:

Last Friday a double top on DAX M15 was alerted. A member of the telegram group was thinking about to enter into this signal.

I warned him that there was a V-formation completed some hours ago. A V-formation tells us that the smart money starts a new upward cycle to get rid of it's long position. Therefore, I said that it would be not the best choice to trade the double top. I said that it's more likely that the smart money takes out the sells stop levels (the two horizontal lines) and then drives the price upward.



This is what i wrote:





And that was exactly what happened later. The smart money drove the price upwards. I said that any double bottom in direction of the V (in direction of the market maker cycle) would be better than a counter trend double top. Although the double top would have given a nice winning trade, we should always trade the odds. Therefore, I suggested to trade any double bottom in direction of the V within the green rectangle of the following screenshot:



On the price feed of another broker a double bottom on M15 occurred in direction of the V and gave a nice 11R winning move:



The raw signals of the indicator are good. But we should always take only high probability trades in direction of the bigger picture.

Free Double Top/Bottom Indicator

Double Top/Bottom Alerter

Yesterday's double bottom within a support zone on EURUSD M5:

Those who were patient and still hold the trend continuation double bottom on GBJPY H1 from last week are now enjoying a 4R winner:





This signal was discussed in the free telegram group last week and many took the trade.

Free Double Top/Bottom Indicator

Double Top/Bottom Alerter

Last week the telegram group discussed this double top near a descending trend line on USDCHF M30. If you copy the descending trend line and move the copy in parallel so that it touches the recent low then you get a trend channel. This lower edge of the trend channel can be used as a target area for the double top.

Those who have hold the trade have made a 5+R winner:





Free Double Top/Bottom Indicator

Double Top/Bottom Alerter

Analysis of the last 8 trades (approximately 14 days) by a member of the telegram group:

- 8 Trades
- 5 Winners
- 3 Losers
----------------
= 13R won with 8 trades

Here is the summary and his rule set:



Attached is the complete PDF with screenshots.

Thank you Mustafa for the great stuff!

And the group grows every day. There must be something valuable

Double Top after broken rising trend line on CHFJPY M15 was discussed in the telegram group. Gave nearly a 4R winning move:



Free Double Top/Bottom Indicator

Double Top/Bottom Alerter

Hello!

I have released a new alerter-tool for my system "Strong Trends With Magic Entries". Details here: NEW Alerter-Tool

Because the alerter is new I give an introductory discount of 30% on the alerter and the system. The discount is valid until next Monday. Please use this discount code if you decide to purchase it:
MagicEntries30%

This is how the alerter dashboard looks like:


It can alert such setups:







This is what a happy user of the system says about it:



Happy trading!

Yesterday I have published the explanation article for the new alerter-tool of the system "Strong Trends With Magic Entries".

The complete explanation of this article was based on an actual setup on DAX on the timeframes M15 and M30 which was NOT COMPLETED AT THAT TIME. The setups were within the reversal zone and didn't produce a winning trade at the time when I wrote the article. Only the pullback into the reversal zone occurred.

But I knew that >80% of such setups will be winner. Therefore, I could take the risk yesterday to write an email to more than 1000 people, post here in this thread and tweeted to 6900 follower about the new alerter-tool BEFORE THESE SETUPS GOT WINNERS.

Today these setups got winning trades as I expected.

Link to the article of the NEW ALERTER-TOOL

Here is the screenshot of the explanation article:



Here is a more detailed look at the situation on DAX M15 (screenshot from the article) at the time when I wrote the email etc.:



And this is how this setup developed over night:



With a little bit of practice you will also be able to detect those "nearly sure" setups with the system "Strong Trends With Magic Entries".

I will open a new FREE telegram group for this "Strong Trends With Magic Entries" system too. Then you can learn together with experienced traders.

Within the FREE Double Top/Bottom Telegram Group we successfully predicted a good double bottom signal on GBPAUD M15 and a bad double top (which should not be traded) signal on GBPAUD H1. Join the group and convince yourself!

Market moves are not random!

Here is the result of the good double bottom:



Here is the result of the bad double top (as predicted):



When the double bottom occurred Mustafa (one of the very experienced traders of the group) and me have decided for an entry based on an V-formation (new market maker upward cycle) and broken trend lines and the double bottom in direction of the V:





When the double top occurred Mustafa and me decided against this setup because it's against the V (the market maker upward cycle):







Join the group and get free trading education.

Free Double Top/Bottom Indicator

Double Top/Bottom Alerter

Here is a good example which reveals that the smart money knows the numbers of the economic news way before the numbers are released to the public!

The price on AUDNZD was driven down Yesterday the whole day. During the complete downward move the smart money accumulated its long position. Look at the last 15 Min candle which closed seconds before the news were released. It's a full bodied bearish candle which takes out the recent low. This was the final accumulation of long position by the smart money. Then with release of the news the smart money drove the price against the previous direction and made their profits:



Now think about this:

The mega banks control the forex market. It's their market. And they do money transactions for their clients. Their clients are big multinational companies which need to transfer money between countries. The big companies need to pay money to different countries (they pay their suppliers) and they receive money from different countries (they get paid from their customers). What if the mega banks have executed yesterday the following unfair job:

1. before the news were released the banks executed only those transaction of their clients which supported the downward trend on AUDNZD
2. while task 1 was running the banks filled their own trading position with long orders
3. one minute before the news was released task 1 was completed -> the final bearish candle on M15 -> a new low of the day was formed -> the banks bought into this liquidity (final accumulation)
4. in the moment when the news were released the banks executed the the transaction of their clients which support the upward move on AUDNZD

With other words this happened:
1. the banks drove the price to a cheap price level with the money of their customers
2. the banks entered at the cheap price level
3. the banks reversed the price with the money of their customers

I doubt that anyone can ever prove that the banks are doing exactly this. But you will often enough see this "driving the price into the wrong direction before the news".

The same driving into the wrong direction occurred on USDCHF days before the SNB released the bomb in 2015. The herd got extremely bullish on the upward move. The smart money took the imbalance (red ellipse) then the news where released and then some people got very rich.



Free Double Top/Bottom Indicator

Double Top/Bottom Alerter

A recent double top on AUDJPY M30 within a major resistance zone:

Yesterday's double top on CHFJPY M5 near a resitance zone:

Hello,

I have added 4 high probability trading strategies to my website which can be traded with my 2 main systems.

All strategies combine an edge of the bigger picture with the edge of the system. Both edges combined will give you a big edge.

Enjoy

High probability trading setup for double tops/bottoms on timeframes M30/H1:





Free Double Top/Bottom Indicator

Double Top/Bottom Alerter

One recent example. Bullish divergence on GBPAUD H4 and double bottom on M30:

Double Tops/Bottoms after broken trend lines are also one of the best setups you can get with the FREE Indicator.