E-book Category: Forex
E-book Title: Long Candle Forex Trading Course
Author: Barry Thornton
Book Description: Find out why this Forex trading Approach has taken the FOREX market by storm and why everybody has now become LONG CANDLE HUNTERS It is every traders dream:- To enter a transaction which goes in the intended direction immediately and hits the target quickly The LONG CANDLE concept is born A LONG CANDLE represents a price movement which is strong, and quick. Hence the name of this Course. HAVE YOU EVER ? Got the direction of a trade 100% right and there was no strength or drive behind the move and it turned after 15 pips. This often happens when using techniques which make you spend 90% of your effort on the direction and no effort on measuring the potential push or drive. Also,....What's the use of getting the direction right if the price is going to take 2 days to reach the target? Nobody wants to trade that way. That is why the long candle technique is so great - we hunt long candles. The BIG moves. We spend as much
time making sure there is a strong push behind the move, as finding the direction. We like it quick and fast and clean. Great way to trade - in and out of the market quickly. So ..... What causes strong moves in the Forex Market? SELL and BUY orders cause the price to go up or down. BULL traders want the market to go up. BEAR traders want the market to go down. That what makes the market what it is.
The BULL participants use BUY orders as they think the price is going up - they use SELL orders as stops in
areas where they think the price will go down. The BEAR participants use SELL orders as they think the price is going down - they use BUY orders as stops
in areas where they think the price will go up. LONG CANDLES happen when the BULLS and BEARS agree on the direction that the price will move at certain price levels. Why does this happen?
There is a flood of the same type of orders from both groups at the same time!! All these orders in the same direction cause the price to move quickly and far. Learn how to find these areas and price levels.
REVERSE ENGINEERING: How this approach was created This trading technique has been developed in a unique way. 5 years ago we identified that we wanted to trade
long candles. A quick move in the market. Rather than looking for a particular technique first, we took a reverse
engineering approach. We firstly looked at the trading charts and identified all the 60 pip 1 hour candles that occurred over a period of 6
months for 3 currencies (GBPUSD, EURUSD and USDJPY). When you have a number of students to help, this exercise becomes a little easier. We then gathered key information about each candle, such as, the exact time of the day it occurred, noted any economic announcements that may have happened and the exact size and strength of the +60pip trend etc. This supplied fantastic information regarding the
time and events that made these candles occur. This alone was worth all the work.
We then took it so much further. We looked at all the trading signals that occurred just before the candle trend. We looked at the support and resistance levels that were in place to tell why the candle started where it did and stopped where it did. More importantly we looked at the trading triggers (opposed to signals) that would activate a trade into
the candle trend. The information again was incredible. We found that 1 leading indicator gave a trading trigger in 90% of the time! Further there was only a handful of trading signals supporting these moves. (Trading signals give supporting evidence of a likely transaction; the Trigger is the event that activates the transaction)
So rather than complicating the process we found a simplified approach using conventional trading methods and found a simple trading trigger that applied to 90% of long candles. How will this approach change your FOREX trading ? Simplify your trading by using 1 trading trigger and a handful of confirmation signals which allow you to get into
the market and out again very quickly
Reduce the amount of time you need to watch the market as most signals can be anticipated using leading
indicators so pending orders can be used for most transactions. This approach makes the entry and the exit
easy as we hunt candles of a particular size. Message from the Author Hi Everybody
As you know, my name is Barry Thornton.
Forex Trading has been good to me. It has allowed me to literally tour the world without worrying about a dip in my
income. Wherever I can find an internet connection I can earn income.
The skill I developed to give me this kind of freedom and independence is priceless.
This however did not come easily. What you will see in this course are my own practical experiences trading the Forex Market. How I made costly mistakes to reach a point where I am now an independent trader trading my own account on a daily basis. No theoretical text book stuff.
I stopped teaching Forex trading a number of years ago but have kept close contact with the folks at Expert4x who (as before) have tempted me out of my daily trading routines to contribute to helping Forex traders gain another perspective of ways of making money in the Forex market. I have made previous contributions in an interview series published by Expert4x last year and have developed a good trusting relationship with Expert4x through
this series. Unfortunately the Forex market has encouraged the instant successful trader concept using never fail automatic trading without much effort from the trader. From personal experience with thousands of prospective Forex Traders I have found that successful traders (even ones using automated systems) are the traders that go the extra mile,
invest in their Forex trading career, and apply and test techniques in the market, make those techniques their own and trade every day.
What you will see in this course are some simple techniques (1 trigger) that work extremely well. Take this opportunity to learn a lot about how the Forex Market works and how you can make a good income from it.
I hope to be of further assistance you when you contact our support website where I will assist with any questions you may have.
To your future in Forex Trading
Barry Thornton More... | 
