File Size: 1821 KB
Print Length: 38 pages
Simultaneous Device Usage: Unlimited
Publication Date: April 4, 2014
Sold by: Digital Services LLC
Language: English
ASIN: B00JHR49T0
Text-to-Speech: Enabled
X-Ray: Not Enabled
Word Wise: Enabled
Lending: Not Enabled
Enhanced Typesetting: Enabled
Best Sellers Rank: #77,030 Paid in Kindle Store (See Top 100 Paid in Kindle Store) #25 in Kindle Store > Kindle eBooks > Business & Money > International > Foreign Exchange #36 in Books > Business & Money > International > Foreign Exchange #83 in Kindle Store > Kindle Short Reads > One hour (33-43 pages) > Business & Money
I currently trade a very similar system to this and I have no doubt about it's profitability. I purchased this to see how another trader was doing it and I was not disappointed. This apparently simple system is all you need to make money in Forex.I would recommend this because it is simply written, concise and to the point. There are important pointers to show you the way to profit and everything is illustrated with chart examples. This is a total system along with entries, exits and money management. Basically a solid system which is tradeable immediately and for which you will improve with experience.
I downloaded this ebook during a brief period it was available on the author's FF thread. This looks like a profitable system, and the book describes & shows everything you need to know to trade it- entries, stop losses, exits, and money management. The methodology is simple, designed to work on any TFs or pair, and could be traded right after reading the book and when a setup occurs. Nothing else is needed to trade it except time and discipline.Most people will overlook this book and method because it's simple and doesn't promise a super high winning percentage/holy grail (which the 95% of traders will continue to chase until the market finally takes all their money), but it's the size of the winning trades vs. the losing that should make it profitable.I gave this ebook 4 stars (can't give 5 stars since I need to see actual results over time first) because it is well written,simple, and the system looks well designed for profit. As I said, most will overlook this book because of it's simplicity and low cost - people place a much higher value on systems when they have to pay hundreds or thousands of dollars for 'custom' indicators and systems - and those will fail. I'm speaking from experience here.Note: I have no affiliation at all with the author, other than reading some of his very helpful and informative posts on FF.
I found this to be a nice and simple strategy to trade. So many strategies have indicators here there and every where but this one keeps it simple and nice clean charts. It can be traded end of day so fits in nicely with my day job, its nice to think I will have something working away for me whilst I'm at work. Just needs an hour max everyday to check setups and place a pending order if setting up.Like the way the author explains it in plain simple English.
This is a really nice book on swing trading. Very well written and to the point with easy to understand graphics. I am an intermediate forex trader and intend to incorporate these ideas into my trading. 2 thumbs up !!
Ed wrote a lot about this method of trading on a public forum a number of years back. Was really glad to see him put it in an e-book format with all the up-dates and fine tuning. If you follow the system and methods Ed outlines here you have a great chance to be a profitable Forex trader. A plus that seems to go with this book is Eds forum for continuing to educate about this system. Unlike so many in the Forex market Ed Munroe is the real deal.. My experience is if you have problems or questions he gets back to you either via the forum or one on one. How great is that for a little 6/7 dollar e-book.
Don’t make the mistake of just flipping through this ebook because it’s short and to the point because you will lose the important essence of its message. When you buy it put all of it’s information into use; entries, stop losses, exits, money management.There are the additional concepts of the Top Trenders Indicator and interest rate differentials. I’m grateful that there is a forum to ask questions in. I intend to get support for Top Trenders Indicator and the interest rate differentials.It was the second to the last page of the book that really made the rubber stick to the road for me. There the trading simulator was offered and I thought I really understood it until I started actually trading with the simulator and that’s when everything clicked for me. Had I not had the patience to go through the simple simulator install process and put it to the test I surly would have missed the dancing rhythm that ‘pops’ into view when you watch it unfold right before your eyes.There is also a very nice trade management nugget to put to use. The hardest part of a trade for me is right after entry. Right or wrong up/down, should I wait’ in see??? There is an excellent way to protect your entry to the smallest of loss without waiting for a full stop to get hit. Hint its the H4 Heiken Ashi candle color that will tell you loud & clear.Definitely a two thumbs up and 5 stars!!!
Always nice to get some new ideas for indicator use. Its a short and clear read that inspires me to use the Heikin Ashi and contains some ideas about adding position in a trade without risking more. We'll see if it works on some daytrades.
This book is clear and concise. I appreciated the realistic advice and good examples. Gave it four vs. five stars because I would have liked more from the author. What he did provide was excellent.
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