How To Trade "2
Bar Pivot Plays" In the Forex
(And Make Money Even If You're
ONLY RIGHT 3 Out of 10 Times!...)
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2 Bar Pivot Plays Explained...
You won't believe
how powerful this strategy is until you try it for yourself! The
simplicity of this strategy is what has made it underrated in
comparison with other strategies. I have tested this strategy inside
out and have profited wildly from it!
This trading method takes advantage
of the "breaths" that the market takes when moving in a particular
direction. This gives us a chance to take a low risk, high reward
trade at the best possible moment!
NOTE: By a
"breath", I mean the short rallies
or short declines that the currency takes
when moving in a particular direction . You can see
an example of these "breaths" to the right...
The great thing is that these trades are
frequent and are very profitable! So
there will be plenty of action with this strategy!
This strategy has an
AVERAGE reward to risk ratio of
2.5 to 1 PER TRADE!...which
is pretty great when you include the fact that you get over an 80%
win ratio with these trades as well! But the best part is that with
this reward to risk ratio, you only need to be right 30% of
the time to make money!
To go long. you simply wait for 2
down bars (red bars) in a row, making sure that the close of the 2nd
bar is lower than the low of the 1st bar, and then you go long when
the high is broken the next day.
To go short. you
simply wait for 2 up bars (green bars) in a row,
making sure that the close of the 2nd bar is higher
than the high of the 1st bar, and then you go short
when the low is broken the next day.
As you can see the
reward to risk you get with these trades is
phenomenal!
es
or short declines that the currency takes
when moving in a particular direction . You can see
an example of these "breaths" to the right...