Trading Forex based on Volume

Trading the Currencies With Hawkeye www.HawkeyeTraders.com

What is Hawkeye? Indicators based on Volume Spread Analysis, Momentum, and Price Pattern Recognition Identifies market reversals Identifies where to enter an existing trend Identifies when to add to your position when trading longer-term longer- Identifies when to exit your positions

Hawkeye Tool Kit Includes the: – Hawkeye Volume – Hawkeye Volume Radar – Hawkeye Wide Bar – Hawkeye Pivots – Hawkeye Adds – Hawkeye Heatmap – Hawkeye Trend + Stops Available for TradeStation and eSignal

Hawkeye Tool Kit

Hawkeye Levels & Hooks Includes: – Hawkeye Levels for taking profits – Hawkeye Hooks for identifying when to enter an existing trend Available for TradeStation and eSignal

Hawkeye Levels & Hooks

Hawkeye Tools for TradeStation RadarScreen Includes: – Hawkeye Heatmap – Hawkeye Trend + Stops – Hawkeye Volume – Hawkeye Wide Bar – Hawkeye Pivots Only available for TradeStation

Hawkeye Tools for TradeStation RadarScreen

Time Frames Calculation < 1000 ticks – Multiply your short time frame by 4 For example, if you are trading a 240 tick as your fast timeframe – 240 x 4 = 960 ticks > 1000 ticks – Multiply your short timeframe by 2 For example, if you are trading a 1080 tick chart as your fast timeframe – 1080 x 2 = 2160 ticks

Time Frames Calculation < 60 minutes – Multiply your short time frame by 4 For example, if you are trading a 5 minute chart as your fast timeframe – 5 x 4 = 20 minutes > 60 minutes – Multiply your short timeframe by 2 For example, if you are trading a 60 minute chart as your fast timeframe – 60 x 2 = 120 minutes

Trading Rules Maximum trades per day – 2 unless 1 of the 2 are negative then you can take a third trade Use Multiple timeframes – unless scalping then use one

Hawkeye Rules

Scalping FX One timeframes for scalping – Open of London at 8am (3am EST) – Open of US at 8am Set a definitive profit target, ie 15-20 15- pips Exit when target price is touched or using Scalping Stop Exits

Market Reversals

Entry in an existing trend

Take Your Profits

Exiting Without Levels

Scalping Exit Rules

Exiting Without Levels Conservative Traders – Use Slow Time Frame Aggressive Traders – Use Fast Time Frame

Exiting Without Levels If in congestion, i.e. Hawkeye Trend Dots are flat – Use Crash Barrier

Financial Reports & Forex Daily FX calendar reports – www.dailyfx.com Click on Calendar Click on EDT to have the report displayed in Eastern Standard Time

Financial Report Example

Other Products Custom EasyLanguage Programming Mentoring Seminars Video Tutorial for New TradeStation Users hotComm Training Sessions

Trading Forex based on Volume

by HawkeyeTraders on Aug 10, 2009

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