Proven Forex Trading Money Making Strategy

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Proven Forex Trading Money Making Strategy

How to overcome the mistakes that most new traders and struggling traders make and start making real money from the Forex Market. It is not as hard as rocket science, but it is equally not as easy as you think.

Trading is tough, but those who keep it simple are those who master the art of trading. The struggles are real.

What are the struggles that most traders experience? Well, I did a survey and this is the result that came from real struggling traders.

surveyresults

As you can see most of these problems can be resolved if you get started with trading from a longer time frame. Get the complete information and a complete strategy to help you overcome these struggles.

If you take any strategy and focus on the daily chart, you will start seeing some improvement in your trading results.

Proven Forex Trading Money Making Strategy shows you how to overcome all these problems, including a simple strategy that allows you to look at your chart just once a day.

You can pick up my book now.
Proven Forex Trading Money Making Strategy


44 Comments

ray

March 11, 2017 at 6:48 am

Dear Caroline
you have written a little goldmine here, its excellent

    Administrator

    March 28, 2017 at 6:49 pm

    Hello Ray. Thanks. I appreciate it.

Paul

March 15, 2017 at 2:28 pm

Hi Caroline,

hope this email finds you well and in great health.

I have read your wonderful book and have a few queries:

(1) Understand we enter on the open of a new daily candle if there is a trigger based on the setup candle (previous day candle). However, if we were to have a buy trigger, what if the setup candle closed as a bearish candle. Does it matter what color the setup candle closes at?
(2) You mentioned that you usually only look at daily and weekly charts. What do you look for in weekly charts? The S/R lines?
(3) Risk reward ratio of 1.5. Sometimes, as the fractal is too far away, my stop loss ends up being really far, such that the Take Profit level becomes even further, maybe unreachable. What would you do in such a scenario? Would you just give it a pass?

Thank you so much for the wonderful book, I really enjoyed reading it, it felt so refreshing because you seem so humble and sincere.

Kind regards
Paul

    Administrator

    March 28, 2017 at 6:25 pm

    Hello Paul and thank you so much for your feedback. This course has helped me to learn a lot from people like you. I appreciate it.

    1. The color does not matter.
    2. Look at weekly charts for setups as well. Remember a good uptrend in a daily chart can just be a pullback on a weekly chart. This is a simple strategy that new traders can easily adopt. So I did not want to complicate it.
    3. Risk Reward is 1.5. If the initial stop loss is too far away and you cannot risk 1%, then skip the trade, there will be another trade.

    Thank you for your questions and I hope you are doing well with your trades.

Mark

April 10, 2017 at 10:25 pm

Hi Caroline,

Thank you so much for this book. I do have a couple of questions though:

1. In the rules for both buy and sell, the trigger does not occur unless the close is within 60 pips of the 8 LWMA. It states that if the close of the setup candle is further than 60 pips from the LWMA, you place a pending order for when it reaches 60 pips from the 8 LWMA. I presume these are limit orders where you are expecting a retracement back to the 60 pip mark. However looking at the 2 year history, it appears there were opportunities where you could have entered based on limit trades, but did not. I am wondering if you ever really place a pending trade when the candle is beyond the 60 pip limit and what kind of results you get on those types of trades.

2. Do you know if this method would work as well on lower time frames such as the 1 or 4 hour?

Thanks Again,
Mark

    Administrator

    April 13, 2017 at 11:45 pm

    Hello Mark,

    Thank you for your purchase. This strategy is pretty simple and straight forward. I did it that way so that new traders will find it simple to follow. If a strategy is not simple, I don’t like to use it personally.

    Yes, I do place pending orders when I see a good setup.

    Yes, you can adapt the trading strategy to use on the lower time frame. I use it for my intraday trades. Use the same rules, just adjust your trigger.
    The best way to work your way with this is either to go through the backtesting or start trading using the strategy. Keep your risk at 1%, that way you can test the strategy for as long as you like until you become comfortable with the rules.

    Trading is still not easy, but you can keep it simple.

    James Lu

    April 19, 2017 at 10:21 am

    Hi Caroline,

    I have read your book and am using the strategy in trading. Could you answer the following questions that I am facing when making entry or exit trades?
    1. In your book, you stated one of the situations for exit is when a signal in the opposite direction is generated while the trade had not reached the target or has not hit the stop loss. Could you further clarify the “signal”? Is it when the two LWMAs crosses?
    2. When we place a pending order, shall we always stick to the level of the 8LWMA of the day when the setup candle appears or we have to adjust the level in accordance with the move of the LWMA as a trigger?

    Thanks so much.
    James

      Administrator

      April 27, 2017 at 4:53 pm

      Hello James and thank you for your purchase.
      For a buy signal, the 8 LMVA must be above the 10 LMVA.
      For a short signal, the 8 LMVA must be below the 10 LMVA

      You can stick with the 8 LMVA of the day, because if you start
      to adjust, it will become arbitrary.

      I encourage you to go back two years on the currency pairs that you
      trade and backtest the strategy. By the time you complete a manual
      backtest, you will come up with a way to manage the nuances.

      The strategy is a simple guideline, for anyone who wants to get
      started especially with discipline and then build from there.

      If you noticed, I did not mention anything regarding support/resistance,
      Fibonacci or pivots, or patterns. But these are very important also as
      you continue your education.

      I just wanted a simple strategy that newbies and struggling traders can
      start with. When you learn how to look at support and resistance, price
      patterns, Fibonacci levels. This strategy becomes very very profitable.

      Keep it simple for now and just work your way through gradually.

      I am coming up with an advanced course that includes support/resistance,
      Fibonacci and very lucrative price patterns.

      Keep It Simple. The simpler the more profitable.

      Wishing you all the best.

Judith Boucher

April 30, 2017 at 12:15 pm

Hi Caroline,

I just bought your ebook, it looks very interesting, I like the fact that your are using fractals. The problem I have with kindle format is that we don’t see the chart well enough and I can’t print out the ebook. Could you send me the PDF format please? In return, I will give you a great testimonial on amazon. Thanks, Judith Boucher

    Administrator

    May 1, 2017 at 8:42 am

    Hello Judith,

    First, thank you for your purchase. I appreciate it. And for sure, I will send you the PDF.
    Keep is simple, Judith. Trading is only hard psychologically. If you follow the rules and keep
    a cool head, you will do well.

    Bless you.

      Lawrence

      October 13, 2017 at 4:34 pm

      Hi Caroline, I also appreciate if you can send me a pdf file of the book as Amazon does not allow me to print it out. Thanks

Rene Kreileman

June 22, 2017 at 4:41 pm

Hi Caroline, I just bought your book. The strategy explained is straightforward and easy to understand. However if I look at your backtest of the GBPUSD of 2 years I see setup/triggers that are missing (most of them result in losses) for example on Chart number 2 April to September 2015. In the beginning of April I see a long and short setup/trigger and also mid July in the range period I see long and short setup/triggers that are not in your graph. Can you explain the reason? Are you using additional tools?

    Administrator

    June 27, 2017 at 9:32 pm

    Hello Rene,
    Thank you so much for your purchase and your question.
    At the beginning of April, if you noticed there was a losing trade just before the end of the month of March and price seems to be consolidating. Since I am not only trading GBPUSD, I probably would have been looking for a better trade setup on another pair.
    Besides, the MA was too close to each other. That is telling you price is consolidating. The short, I think I simply missed it, not because it resulted in a loss. This will happen sometimes, you will not be able to catch all the trade setups.

    In mid-July, you rightly pointed out that price was consolidating. The moving average was flat so I did not take a trade.
    During your own back testing, you will be able to deal with these nuances. As you work your way through the strategy, you will be able to see that trading, when the price is consolidating, is not the best. Note this in your journal.

    Yes, Rene. I use Fibonacci on my charts and I look at price patterns and candlestick patterns. But adding all these will lead to a completely different trading strategy.

    I wanted to keep the strategy as simple as possible for the new trader and for the struggling trader to know that keeping trading simple is the best way to go. No strategy is foolproof, but if you focus on the best setups, which are the setups where MA angle is very sharp, then you see that those trades move fast and hit the target easily.

    You can use the angle of the moving average as a filter for your trades. But if you do, then backtest the strategy using the filter. Go back through the historical data 2 to 5 years and you will gain an edge that most traders who don’t do the backtest will not have.

    Feel free to ask further questions if you have them. I look forward to helping as much as I can.

    Caroline Ayuk
    Author, Coach, and Fund Manager

Eli

July 6, 2017 at 8:32 pm

Hi Caroline,

I just bought your ebook, it is very simple strategy with good explanations.
I have a problem to read your examples charts with the kindle format.
Do you have any experience trading this strategy with stocks/Indexes/CFDs/commodities ? do you think it will work as well for
any other financial instrument.

Thanks a lot,
Eli

    Administrator

    August 29, 2017 at 12:54 am

    Hello Eli,

    I use it to trade Gold and Silver. These are the only commodities that I use this on. I have not tested it on stocks or indexes. You can just add the setups on a chart you intend to analyze and backtest to see if it is applicable.

    Backtesting is very important when working with any strategy. So do some backtesting and see how it works. By going through backtesting, you will begin to see things that other traders don’t see. You will be training your eyes to spot good setups.

    When you are done with backtesting, then trade a minimum of 100 trades before changing strategies. This helps you to find good strategies. Most new and struggling traders do not give their strategy a chance. Execute this strategy flawlessly, and you will gain good results.

    Administrator

    November 19, 2017 at 12:23 am

    Hello Eli,
    I was going through these posts and it seems I never answered your question. Sorry about that.
    It should work with other instruments. I only trade spot Gold and Silver. Americans are not permitted to trade spot Gold or Silver. Government regulation. But I checked and I cannot find OsMA on other platforms. If you can setup your charts with the parameters, then go ahead and backtest it. Stocks has many gaps and there are specific strategies to trade gaps.

Mark23000

July 19, 2017 at 8:14 pm

Hello, I’ve read your beautiful book and I have some questions:

1) Can I enter two trades simultaneously in the same pair?
2) in which direction are we to assess the 60 pip differential in 8 LWMA and the close of the setup bar? For long setups should the close of the setup bar be a minimum 60 pips below the 8 LWMA and for a short the close of the setup bar be a minimum of 60 pips above the 8 LWMA?
3) In 7 january 2015 was a setup candle and in 8 january 2015 was a trigger for a short trade, but you didn’t take them?
4) How can I get access to your free signals of this strategy?

Best regards.

    Administrator

    August 29, 2017 at 12:45 am

    1. Yes, based on your risk profile.
    2. 60 PIP differential is the number of PIP above 8LWMA for buy and 60 PIP below 8LWMA for short setups
    3. I don’t take all trades. I have a maximum amount of open trades that I take. So if I see a signal and I have maximum open trades, then I don’t take another trade.
    4. You can complete the form on this page: http://bestforextradingcenter.com/bestforextrades/best-forex-signals/

Violeta

July 23, 2017 at 11:54 am

Dear Caroline,
Thank you so much for a wonderful book and inspiration to all the struggling forex traders! I am one of those beginners who is still studying about the forex trading. As a beginner things are not as clear to me as to the most of the traders out there so please be so kind to answer my questions as I am just trying to understand the strategy to the tee!
In the trigger for a buy order if the close of the set up candle is 1.4376 for example the 8LWMA should be between 1.4376 and 1.4316 to enter a trade? Is this right?
Also due to travelling sometimes it is in the middle of the night when the New York forex exchange closes which is really late for me. Can you please tell me what the triggers are for 1 hour and 4 hour charts? I would really appreciate this!
Once again thank you Caroline for a wonderful book! I am really looking forward to your next book!

    Administrator

    August 29, 2017 at 12:34 am

    Hello Violeta,

    Thank you for your purchase. I understand. I was there a while ago. Everything seems so confusing, but you have taken the right decision by asking questions.

    If the close of the setup candle is 1.4376, then 8LWMA does not necessarily have to be 1.4376.
    To take the trade at market price, then 8LWMA must be 1.4316 or higher. That means the maximum amount of PIPS between the closing price 1.4376 and 8LWMA must be 60 PIPS or less.

    If you are starting new, then please stay with the daily or weekly chart. You will have fewer trades but better setup.
    If you insist on looking at the 4-hour chart, then instead of 8LWMA being 60 PIPS, is should be 25 PIPS.

    I look forward to helping as much as I can. Keep asking the questions.

GÜRCAN YÖNDEM

July 28, 2017 at 1:37 pm

Hello Mrs Caroline;

I am from turkey and I want to buy your book but I can t see a buy option on amazon for me. How could I get your book ? Could you help me about it?

Thx.

Ken

August 3, 2017 at 4:42 pm

Hi Caroline,

I just bought your ebook on amazon. Could you please send me the pdf version so I can both print it and see it better?

Thanks

    Administrator

    August 28, 2017 at 9:01 pm

    Hello Ken,

    Thanks for your purchase, I will send you a copy of the pdf.

    Regards,
    Caroline

Eric

August 21, 2017 at 10:29 am

Hi Caroline,

First of all thank you for sharing your years of experienced in a simple and easy to understand book. I really enjoyed it and appreciate your honesty.

I have a question on using the strategy on shorter time frame like 4 hours. How many pips do you suggest for trigger on 4 hours chart?

    Administrator

    August 28, 2017 at 11:06 pm

    Hello Eric,
    Thank you for your purchase. The strategy is really simple.
    Using the four-hour chart, I suggest 25 PIPS or less from the close of the trigger candle to the 8 moving average. Ideally, I like to take the trade intraday very close to the moving averages.

    Carry out a backtest on the lower time frame and see what works best for you.
    Once again thanks for your purchase and I hope you make lots of PIPS.

Toddt

August 23, 2017 at 9:15 am

Great Kindle book for people starting out in Forex. The rules are simple and not too much overload for beginners.
My problem is deciding on getting into forex. I hear about forex dealers trading against their clients. What is a good forex broker to use and works with apps or tablets.

Thanks
Todd

    Administrator

    August 28, 2017 at 11:11 pm

    Hello Todd,
    Thank you for your purchase. You don’t have to worry about the broker trading against you. The brokers make a lot of money from the spread. Most of the ECN brokers do not trade against their clients. So be patient and learn well.

    It depends on where you are in the world. Send me an email and I will let you know which one you can use. Don’t forget to let me know where you in the world.

Tobias

October 16, 2017 at 10:37 am

Hello Caroline
I read your Book, I try to learn the system I yes I got 80% of the system, but I am in struggle with some set ups.
1.- Should I place a stop loss for Buy/Sell order in the last down/up fractal but should place in the low/high price of the candle? what about the candle shadow, I should not pay attention to the shadow?,
2.- is there any other set up for re-enter a trend after a TP, or if I found the trend late?
3.-in the chart 3 of GBP/USD September-December between 01/04/16 to 01/14/16 should avoid an enter? the system apply just in the first candle/trigger of the trend?
Thank you in advance and yes I been working in Forex over 1.5 years and yes I am in struggle I am frustrated but try the best way to go.

    Administrator

    November 1, 2017 at 11:45 am

    Hello Tobias,
    Thank you for your purchase.
    1. You can consider the shadow because the traders got the price to that level. Use the lower fractal for your stop or last high fractal in case of a sell.
    2. Trading a continuation is another strategy. I look at engulfing candles and inside bars and pinbars to trade continuation.
    3. If a setup is not clear, just avoid it and look at other pairs.
    Take it easy and keep it simple.

    The reason for the frustration is human psychology and emotions. These are very strong and it will take time for you to master your psychology and emotions in relation to trading. But you have to place trades in small lot sizes irrespective of your account balance, focus on the process by trading 1 micro lot, until your master the trading process.

    Once you master the trading process, the sky is the limit on how much you can make, but for now, just focus on the process, not the money.

    Keep it simple.

    Administrator

    November 18, 2017 at 11:49 pm

    Hello Tobias,
    Thank you for your email and question. I have been really busy,l but will try to follow up on questions sooner.
    1. Pay attention to the candle wicks, because your stop loss should come at the low or a few PIPS below the low price.
    2. If you find the trend late, you can wait for a pullback. Never chase a trade. The market makers will continue to take your money if you chase trades. Always wait for the price to pull back into the moving averages and look for inside bars, pin bars or engulfing candles to reenter. I did not mention this in the book because I wanted to keep it really simple.
    3. If you see any trade that does not seem to be right or good, skip it. You will always have another trade.

    Don’t be frustrated, take it one step at a time. If you can afford it, you need a mentor. It will make a huge difference in your trading. Most people including myself believed trading was easy, but it is not because of the way the Market Makers operate.

Daniel Grainger

October 28, 2017 at 2:12 pm

Hi Caroline,

I’m new to the Forex game and having just bought your book am looking forward to getting further into it. I have a couple of questions regarding your charts for the back testing; I’m struggling to find the <60 pip trigger between the close of the setup candle and the 8LWMA on a number of your trades.

For instance, the first sell trade on the 5th chart (July to December, 2016) is entered however none of the candles around there close within 60 pips distance from the 8LWMA; the closest is an 80 pip difference. Was this enough for you to enter into this trade?

I could be muddling this up and clarification would be fantastic, thanks very much.

Would it be possible to send me a pdf of the book also, as it is difficult to read the chart off the kindle!

Thanks very much for you book, and in advance for the feedback :)

    Administrator

    November 1, 2017 at 11:37 am

    Hello Daniel,
    I have got a few of this same question and I know I will continue to have. I will be updating the book to answer this questions in the near future. But since you asked, I will try to answer your question right here.
    There are nuances in trading as you will discover as you work your way and backtest the strategy. The 60 PIPS trigger was put in place to enable traders not to chase trades but to wait for pullbacks if there has been a huge move before the MA crossover and OsMA confirmation.

    So to make the strategy your own, go ahead and do a backtesting. If you go back about 5 years, you will begin to feel as if you have traded for a long time. Many traders don’t want to go through the manual backtesting. But if you do, you will soon find your own way to handle the nuances of the 60 PIP difference.

    So as a new trader, I will encourage you to focus on the daily chart and go back 5 years to do manual backtesting, just focus on the setups and the triggers noting what you could do every time to improve the strategy.

    The only thing you can change is the 60 PIPS in this strategy to make it your own. Keep it simple.
    Let me know if I can be of help in anyway possible.

Bryan Chadwick

October 31, 2017 at 5:26 am

Caroline,
Love the book, very simple and most importantly, very clearly explained. Is there any chance of a pdf copy so I can see the charts clearer?
Many thanks,
Bryan

    Administrator

    November 1, 2017 at 11:24 am

    Hello Bryan,
    Thank you for your purchase. Send me an email and I will see into it that you get a copy in pdf. Just put on the subject line PDF-PFTMMS.
    Take it step by step and keep it simple.

Bryan Chadwick

November 2, 2017 at 5:23 am

Caroline, thanks very much, but I can’t find your email address in the book.

Rick

November 5, 2017 at 4:07 pm

Hello,
Another PDF request here. Also, where can I find out more about your fund management?
Thanks.

Eytan Fishman

November 19, 2017 at 7:22 pm

Hello Caroline,

Compliments on the phenomenal book you have written here. In my nearly 5 years of trading Forex, I have not come across a more clear, concise, and easy to apply strategy. Well done indeed.

I’ve been doing a manual back-test, as you had advised, and using the time to uncover some of the nuances that emerge from the various trading conditions I encounter across the pairs I have examined thus far. Most invaluable.

On that point, what my back-testing exercise has revealed to me is that there is one aspect of the strategy about which I am not entirely clear. Hoping you could shed some light on it for me.

Specifically, I am referring to the dynamics surrounding the use of the limit order. As the book outlines, when I encounter a situation where a setup has been qualified on a pair but the distance between the closing price of the daily candle that met 3 out of the 4 criteria (namely; OsMa +/-, high/low of candle above/below 10LWMA, and 8LWMA >< 10LWMA as applicable) and the 8LWMA is greater that 60 pips, I place a limit order that is 60 pips from the value of the moving average for that day. It's what to do subsequently that I am not entirely certain about.

There are times when, within a day or two, the pending limit order is triggered as a result of the market coming up/down respectively to hit the "strike price" and take it in. However, at other times, the strength of the trend is such that it simply pulls the price away bullish/bearish and leaves it hanging, so to speak.

My approach to handling such circumstances has included the evaluation of the candles that form subsequent to the placement of the limit order in a manner which takes it out of consideration. That is to say, assuming a pending limit order has been placed after the candle for day X has closed (the setup-but-no-trigger situation referred to above), and if day X+1 comes and goes without the pending being triggered, I run through the checklist once again relative to this newly formed candle. So that, if day X+1 has now met 4 out of the 4 criteria, I place a market order and calculate the stop and limit using its details whilst simultaneously cancelling the pending order that was placed as a result of day X as it is now no longer necessary. However, in situations where day X+1 came and went without the pending being triggered and, when evaluated for suitability, it is discovered that once again only 3 out of 4 criteria have been met, I adjust the existing pending order to now be 60 pips away from the 8LWMA for day X+1. As the days roll by, I rinse and repeat until such time as either the pending order has been triggered, or a reevaluation of the subsequent days' candles (X+2, etc.) has led to a market order or the MAs have reversed course.

What I would very much appreciate your insight on is whether you feel that what I have described in the previous paragraph is in the spirit of the strategy as you had originally devised it. My trepidation is that by employing this process, what I am doing is essentially chasing the trend and ending up getting in considerably later than I need to and thus taking on more risk and increasing my chances of getting burned on the correction.

Looking forward to your input. Take care and thank you for making a meaningful contribution to Forex trading for those of us looking to keep it simple on the road to success.

    Administrator

    January 6, 2018 at 2:12 pm

    Hello Eytan,

    I must apologize for not responding in time to your post. You are one of those who take the time to implement strategies and for your efforts, you will succeed at trading.

    Thank you for taking the time to backtest and find out for yourself how effective the strategy can be. You are making it your own and once you make it your own, you will be able to implement it effectively. What you point out is true, sometimes based on the strength, the price will just pull away. So during your backtesting, it is up to you to find out how to deal with this effectively to maximize your profit while still keeping your risk low. Since the pending order criteria are to help the trader minimize risk, one way I personally deal with it if every other criterion is met is to reduce my normal lot size entry. For example, if the risk was 120 PIPs and I had to trade 2 micro lots, I would just enter the trade with 1 micro lot, in that case, the risk remains the same. If it pulls back, I can enter the trade with the remaining 1 micro lot. If it pulls away, I am still in the market.

    Eytan, you only discovered this because you took the time to backtest manually. Good job. Your explanation is plausible, so backtest it and see what you find. That is the way I learn and most traders don’t like to do manual backtesting. Any new discovery warrants a backtest. Once you backtest and find what works for you, then you can rinse and repeat over and over again.

    You will have a process that you can execute flawlessly every time and at the end of the day, you will succeed.

    I hope I answered your question. I really appreciate your input.

    Caroline

Ogechi Nwankwo

January 16, 2018 at 10:26 am

Hi Caroline,

I got your book in Amazon and I must say that it’s very succinctly put together and have eased the pain of having to glue myself on the PC in the name of forex trading.

I’m a newbie and would greatly appreciate your input on how my leverage affects my lot size.

I quite understand how to determine my lot size based on a particular risk percentage but I want to be able to determine very clearly how much I stand to lose should a trade go against me based on any leverage I’ve chosen.

Again, I appreciate you for your effort at helping us out; looking forward to hearing from you.

    Administrator

    February 28, 2018 at 12:54 pm

    Hello Ogechi,
    Thank you for your purchase and your leverage just gives you smaller margin to invest, but opens up your account for greater risk, because you will be thinking that you have money and can risk more. To me, leverage does not matter, what matters in my risk. A higher leverage is risky because you can use it to trade more and expose your account to huge loses. But if you use the lot size calculator, it does not mention leverage because it is a non issue. It only based your risk on your account size and risk tolerant. Don’t worry about the leverage.

John

March 13, 2018 at 7:15 am

Hi Caroline,

Thank you for your generosity in giving us such a clear, wonderful trading plan! I’ve been backtesting for a couple of months now, and I’m impressed and appreciative.

I was wondering if you could help me with a question about sideways markets. Is there anything you do in your own trading to try to avoid choppy, flat or range-bound markets?

Thank you,

John

    Administrator

    May 7, 2018 at 12:17 pm

    Hi John,
    Thank you for your email. Sorry I could not respond on time. I have been very busy. But let’s come back to your question. I have decided to use a chart to explain how to identify a sideway may be forming so that you can avoid those trades. Trade in the direction of the trend.

    See the chart below. Daily Chart EURUSD

    This is the current EUR/USD . If you see from the notations on the chart you see HH and HL. Everytime there was a new HH, there will be a pullback to a new HL. Until you got to the 4-HL and there was no new HH. This usually indicate the end of the trend going up and at the end of a trend you will usually expect a reversal or a side way movement. In this chart there was side way movement for about two months, before the reversal. Can you see? So if you know how to read the charts for trend, then you can avoid the side way movement and focus on another currency pair where there is a clear trend movement. So trading 10 to 15 pairs of the daily chart is usually enough.

    I hope you can join my One-On-One mentoring program to learn in details how the forex market really work. Let me know if you have any further questions.

Fanie Kleynhans

March 30, 2018 at 2:02 pm

Hi Caroline, I bought your book this week and look forward to start testing the strategy on a demo account first before moving to live. Quick question … If I place a pending order and it is not triggered the following day for how long do you leave the pending order before cancelling it? Many thanks!

    Administrator

    May 7, 2018 at 11:04 am

    Hello Fanie,
    I apologize for not responding on time. I have been very busy. Usually a day or two maximum.
    You can delete the trade and look for another trade. There is always going to be another trade.

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