Hi, this Ben du Plessis from Expert4x.
For your convenience a full transcript of this video is available if you click on the "More info" link on this page.
This week Expert4x started a Free Daily Alert or Signal Service using 8 currencies and based on the Grid Trading principles. This is a new service and these FX alerts are FREE to all our subscribers and trial users.
Our 1st transaction to cash in was the Euro / Yen ( EURJPY ) currency cross which we cashed in at a gain of 153 pips
This charts shows the analysis work we did to determine the entry and exit points. Notice the use of dominant angle lines
The results chart shows that we could have been more accurate with our entry based on the resistance levels but we got our exit right on the turning pip. A bit too close for comfort.
Our grid trading groups are still generating good trading results.
Why now join our team of successful grid traders
If you would like to find out more about Grid Trading by visit us at forextrading-alerts.
A transcript of this video is available if you click on the "More info" link on this page
From Ben du Plessis at Expert4x -- Good Trading
Visit our sites: http://www.forextrading-alerts.com
http://www.forextradersupportservices.com/GRIDSystem.html
http://www.Expert-4x.com
Technical perspective: We use technical analysis to determine support and resistance levels using pivot points, horizontal and non horizontal trend lines, dominant angle lines, Fibonacci confluence levels to determine our Forex, Alert signal entries and targets. We are 100% retracement traders. We use grid, hedged FX trading money management principles to avoid a loss where possible -- even when the price runs hundreds of pips against our initial direction.
Educational perspective: We have No stop, hedged, forex Grid trading course which teaches the principles of grid trading forex systems. You can further learn this trading technique from numerous training videos which complement the course. We feature the results charts of completed trades showing entries and exits which are educational such as shown in this video. You can also see the trading history and current trading strategies and the status of existing Grid trading groups. We provide forex trading alerts and signals for you to follow. You can also join these trading groups. We try to make your Forex Trading learning and training experience as easy as possible. Lastly we mentor you so that through our mentorship you can setup you own trading grids.
A Trading Automation perspective: The grid system is a very slow Forex system. We use pending order for all its transactions when trading this forex technique. To a certain degree to make this system an automatic trading system requiring trading software is not required because of this. We do however supply Expert Advisors (EA's) to long term subscribers for free or to traders who want purchase them. These will be available at the end of Aug 2008.
System flexibility: Besides the Forex or Currency trading markets the principles of the Grid system can be used for day trading or trading of any volatile instrument including the indexes such as the S&P, NASDAQ, Dow Jones, Russel etc , or stock trading or futures trading. Making money is the objective and all currencies are traded including the Euro, Yen and GBP.
<< Back to article
