Article

Best Strategy for Forex Trading - The Dow Wave

Topic: ForexPublished July 3, 2011

Legacy signals

Legacy popularity: 819 legacy views

Exploiting the power of trading Forex in the "when" zone is the best way of kicking out the speculative mindset. I've spent the last three plus years, studying and tweaking this market for the ultimate Forex strategy. Knowing when a currency pair is going to take a swing or reversal, is the ultimate Forex trading method (period). There are so many indicators in this market from the MACD, Bollinger Bands, etc... trying to find you the reversals or swings; the right mindset but the execution is a total failure. These indicators are based on mathematical equations that do not take the crowd reaction into consideration, price action is not recognized, and trends are extinct. These indicators will fail you on many levels! Below, we have a case study of two traders, trader "A" will be using the MACD and trader "B" will be trading with the "when" mindset. Case Study: Trader "A" vs. "B" Trade "A" - Using the MACD on a daily chart, trading 1 currency pair, and everytime he notices the lines are crossing he takes the trade. This trader will make at least 25 to 50 trades by the end of the month. He will have some winners and losers, but we will give him the benefit of the doubt and claim that he made a 250 pips for the month. I guarantee you that this trader will be in the negative after 3 months. Trader "A" Stats: + Trading the MACDrn+ Spends at least 2 to 4 hours a day tracking his daily chartrn+ Made 250 pipsrn+ In 3 months, his lucky streak will end and he will be in the negativern+ This trader will be looking for a new indicator! Trade "B" - Not using any indicators on his daily charts, trading 5 currency pairs, and is trading with the Dow Wave. This trader will be lucky if ends the month with 5 trades. He will have some winners and losers, but he allows his winners to run for days, weeks, or even months. His trading strategy is simple... he has developed the "when" trading mindset, awaits concrete reversals and trades with the trend. This trader will finish the month with at least 250+ pips and at least 1 or 2 of his trades will still be running for more pips to be gained. Trader "B" Stats": + Trading the Dow Wavern+ Spends 15 to 30 minutes a day analyzing his daily chartsrn+ Made 250+ pips and still has 1 or 2 of his trades running for more pips to come! + Can use the Dow Wave trading strategy, as long as the Forex Market exists. + Dow Wave trading strategy was made by a Forex trader and for the Forex traders.

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