Have you ever wondered what really the greatest traders of Forex business (banks and the largest financial institutions in the world) are guided by?
Which indicators do they look at, what platforms and strategies do they use, what influences their decision to enter and exit the market? Moving averages, MACD, oscillators, doji candlesticks, maybe something else? What time intervals are taken into consideration?
Only few people realize that all these elements exist only for retail traders and they do not have nothing in common with the real trading. In the real market, nobody uses indicators, trends are not determined on various time intervals, because they simply… do not exist.. There is no CCI, RSI or stochastic.
From the very beginning of the adventure with Forex, we are bombarded with different systems. The creators of methods for speculation almost fall over themselves in next, more and more fancy indicators. The majority of them are based on the mother of all indicators – the moving average. Only it’s visualization is changed, i. e. everything what we finally see on the screen.
Here we face with an important truth about the systems. Why are the majority of them do not work? Is the selection of indicators inappropriate? Maybe they are badly optimized? moreover it is possible that they require updating from time to time to keep up with the constantly changing market.
The problem is that we use elements which are completely ignored by leading entities of the Forex market. You should answer the question: whether, for example, Deutsche Bank’s analysts refrain from the sell-off of euro during the financial crisis in Europe, because the price is precisely on the moving average EMA100 and it “should” bounce?
Do they buy the British pound despite poor production data from the UK, because the green arrow appeared on the indicator for GBP / USD pair?
You see that it sounds ridiculously, and all of these elements have been created only for small fish in the ocean, which serve only as food for sharks.
Our method allows in a very simple and effective way to follow the price. FX Incognito returns to the roots of trading, when traders used only basic information of the price, like: opening, close, highest price, lowest price. This technique was created a long time ago, before the computer era, when orders were placed on paper for e.g. wheat contracts. Traders received only this simple information from the market and used it to place orders. Nobody needed unnecessary indicators, which often bring only confusion. As traders, we begin with simple methods, then go through hundreds of colorful systems, only to conclude that the simplest methods are the best. You should focus on what is really important. Join and follow the trend in the simplest form.
We tailored the system’s price to our clients. Most methods based on indices only work for a specific time or in certain market conditions. Expert Advisors, in turn, are usually very costly, which does not always translate to very good results, and they have to be continuously adapted to the ever changing market. Our method will allow you to analyze the market in a very simple manner, using a clear price that does not lag and is the best market indicator. The volume on FX cannot be accurately determined, the indices can be distorting, formations on the chart can look differently due to various time zones and different broker time, but the price is always true.
The chart that we are using here are very powerful tools, don’t get fooled if you don’t se lot of fancy indicators all we need is in this charts. If you are trading of the 15 minute chart you are trading in fractals ( multiple time framed) set up chart is the daily chart entry is based on the 4h and monitoring what is doing on the 15 m. Just in one chart that alone is very powerful. Another advantage is to see the open, the prev days high and low. This is price action at it its purist, i have waist-ed 2 yrs looking for the holy grail we all heard it it dose not exist, and price is the leading indicator, and this system help you see it in a clear way.
I’m very pleased with the indicators and system , it works well. I look at the 15 min tf EUR/USD after the first 2 small boxes and look for a trade on a break out for 20-25 pips. Then on the USD/JPY after the 4th small box look for a breakout 15 min tf for 15-20 pips profit.
Pretty new to forex, as my experience is about one year only, but having some success with this. Trading it solely on m1 tf. Very nice results and consistency. The whole thing is to keep watching same tf all the time until mastered. I trade mostly eu/early us session, as the OP said just wait for the daily trend to establish. It’s not hard to get 2-3R every day.
The system uses colored boxes to indicate a trend for us to follow. You do not need to spend the whole day on the chart analysis, just follow the boxes.
Absolutely not. We require only the operation of a trading platform. Learning the system is very fast, because we do not need to deal with complex indicators.
The method is primarily focused on the price, hence candles on the chart do not have any unnecessary elements like for example: shadows, there is only candle body. Thanks to this solution, a trader can focus on the most important things.
RISK WARNING Before you begin trading on Real account please carefully consider your investment goals, risk and experience you have. It should be noted that Forex is a leverage based market. It should be remembered that leverage can work both in your advantage and disadvantage as well. Therefore there is…