It would be nice if all trends were one-way,
but such is not reality.
Markets are in a never-ending quest to find equilibrium between supply and demand.
The ability to pick out levels that matter and identify patterns formed by them can help you predict market behaviour and the price action.
There are two major fundamental factors in trading:
1. Stop losses
Both are necessary evil and impact the daily price action.
1. STOP LOSSES
The forex market is on a never ending quest to run stops. This is true across all time frames. It is what drives the price action, especially on an intra-day basis.
Identifying where stops are lying gives a clue what side of the market is most vulnerable at any point in time.
When there are no stops left to run, a currency will generally settle into a range.
If you view retracements as an opportunity as they often setup new highs or lows with the trend once they run out of steam, then you will see why I say;
Embrace the Retrace
This is important to keep in mind as you want a currency (or any other market) to retrace, even a minor one, as it may be needed to setup a new leg to the down or upside.
As you will see, both stops and retracements are important part of our strategy
This trading system presents a unique trading approach that leverages important price levels to position your trades on the right side of the market.
This unique approach finds the clusters of concentrated market stops to profit and limit the losses at the same time.
It allows you to position your trade with the minimum risk and capture profitable moves at their early stage of development.
It lowers your risk and maximises the revenue.
Learn to sell a dip or a buy a blip
using Jay’s “Rubber Band strategy
The system promotes the systematic approach to markets and trading
AT works by breaking down price action into separate "episodes", and then tailoring a logical approach to trading each episode.
This works very well, as long as you can understand when new episodes begin and end.
Understanding episode timing is an ability that is developed with practice...it will be easier for the mentally disciplined trader, but for the less disciplined trader, it will help you develop more discipline.
Once you understand (and hopefully accept and appreciate) the methods, you will start to appreciate its value.
This is a question that everybody must evaluate for themselves.
"The key to any system is its ability to execute its strategy in real-time"...
The strategy provides structure and discipline, is based on common sense with an easy to follow approach that you will be able to implement right away. Once you understand why our strategy works you will feel confident executing it.
The goal of the approach is to produce high probability trades using the logic of our algo . It is the best of all worlds. You control your trading decisions and risk. We teach you the strategy to use to get you thinking like our algo and trading like a pro.
Jay Meisler has taken his decades of experience trading the forex market to create a unique and easy to implement strategy using his Amazing Trader algo that trader of all levels of experience can use.
Experience includes chief dealer at a US bank in Singapore, co-managed a forex trading room for a commodities company, fund manager and retail forex trader. He is the co-founder of global-view.com and founder of the Amazing Trader.