Forex bermuda trading strategy system
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Forex bermuda trading strategy system



Forex Bermuda Trading Strategy System and Trading Guide

Forex Bermuda Trading Strategy System and Trading Guide



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  • Full Name Full Name Comment goes here.
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  • SupraFX IB resmi Instaforex indonesia, rebate 1,7 dan flate rate, depo dan wd super cepat
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  • Hi leo, I'm not not sure that I know dqd-forex system. However, you may also check my 'forex-profits-breakout-system'. This is system is similar to bermuda strategy in using price action patterns, plus trend following. Hope that helps
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  • What is prefer: dqd-forex system vs bermuda strategy?
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    Forex bermuda trading strategy system Forex bermuda trading strategy system Document Transcript

    • Forex Bermuda 2012DISCLAIMERU.S. Government Required Disclaimer - Commodity Futures Trading Commission Futuresand Options trading has large potential rewards, but also large potential risks. You must beaware of the risks and be willing to accept them in order to invest in the futures and optionsmarkets. Dont trade with money you cant afford to lose. This is neither a solicitation nor anoffer to Buy/Sell futures or options. No representation is being made that any account will oris likely to achieve profits or losses similar to those discussed on this ebook. The pastperformance of any trading system or methodology is not necessarily indicative of futureresults.CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVECERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATEDRESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVENOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATEDFOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OFLIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TOTHE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NOREPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TOACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.No representation is being made that any account will or is likely to achieve profits or lossessimilar to those shown. In fact, there are frequently sharp differences between hypotheticalperformance results and the actual results subsequently achieved by any particular tradingprogram. Hypothetical trading does not involve financial risk, and no hypothetical tradingrecord can completely account for the impact of financial risk in actual trading.All information on this website or any e-book purchased from this website is for educationalpurposes only and is not intended to provide financial advise. Any statements about profitsor income, expressed or implied, does not represent a guarantee. Your actual trading mayresult in losses as no trading system is guaranteed. You accept full responsibilities for youractions, trades, profit or loss, and agree to hold Forex Humanoid and any authorizeddistributors of this information harmless in any and all ways. The use of this systemconstitutes acceptance of our user agreement.
    • Forex Bermuda 20121B1B Thank you and Welcome,In this ebook, I will show you how to trade forex market using avery simple and yet very powerful strategy.If you are beginner, I highly recommend getting basic tradingknowledge before start reading this ebook. Here is a greatsource for this mission :www.babypips.comYou may also want to open a demo account and downloadmetatrader software for free. There are many brokers offeringfree demo accounts and use metatrader platform:FXDD : www.fxdd.comI will start by explaining this system and after that I will tell youall about money management.Thanks again and wish you all the best,
    • Forex Bermuda 20122B2B About The SystemForex Bermuda Trading System is based on a price pattern.Called ―The Triangle’’ .The Triangle pattern is simply Two small trends ( upper trend –lower trend ) crossing each other and form a shape that lookslike a triangle.
    • Forex Bermuda 2012Price usually move inside that triangle and then we should see abreakout. The direction of the main trend is not important atall. We are not following the trend. We are trading breakouts.At the above example, the breakout happened in a down trendmovement.But it could also be an Up trend breakout.
    • Forex Bermuda 2012Your main job now is to practice on recognizing trianglepatterns. Once you learned this skill, the rest should not be aproblem at all.Remember, you only need to see an uptrend crossing a downtrend and form a triangle shape.Try to practice on 1 hour time frame or 4 hour time frame.Smaller time frames are not recommended in the beginning.It doesn’t matter where the shape is formed, in the middle or atthe beginning/end of a trend. The direction that the triangle ispointing at, also doesn’t matter.One thing you should keep in mind, this pattern happens all thetime. No matter what currency pair you are trading or whattime frame you are using. And that’s a big advantage!So, feel free to practice on any currency pair you like. 1 hour/4hour time frames for now. And when you feel that you are readyto take the next step .. jump to the next page.
    • Forex Bermuda 2012Fibonacci Retracement ( Fibo Levels ):Leonardo Fibonacci was a mathematician born in 12th CenturyItaly. His study of Fibonacci numbers (a sequence of numberswhere each number is the sum of the two previous numbers) isoften applied by modern technical analysts to find support andresistance in stock charts.Default Levels : 0.0 – 23.6 – 38.2 – 50 – 61.8 – 100 – 161.8 –261.8 – 423.6We are going to use the 123 pattern. The 123 pattern is areversal chart pattern which occurs very frequently and has avery high success ratio. 123’s occur at the end of trends andswings, and they are an indication of a change in trend. Theycan also be found within a trading range, and they take placewhen the directional momentum of a trend is diminishing…Here is how it looks like:
    • Forex Bermuda 20121 - 2 – 3 Pattern with down Trend :1 – 2 – 3 Pattern with Up Trend :
    • Forex Bermuda 2012System SetupThis system works with all currency pairs and all time frames.But it’s recommended to be used with 15 minutes or higher timeframes.As you know now, we are going to use 2 patterns with thissystem:1 – The Triangle Pattern2 – The 1 2 3 PatternHere is how it looks like on the chart :
    • Forex Bermuda 2012And another one ..
    • Forex Bermuda 2012Once the 1 2 3 pattern was spot, we attach the Fibonacci levelsto the pattern.If the 1 2 3 pattern predicts an uptrend breakout, then we attachfibo level 0 to point 1. And fibo level 100 to point 2.
    • Forex Bermuda 2012If the 1 2 3 pattern predicts a downtrend breakout, then weattach fibo level 0 to point 1. And fibo level 100 to point 2.Very Important : Point 3 must always be at one of the fiboretracement levels :23.6 – 38.2 – 50 – 61.8If not, then it’s not a valid 1-2-3 pattern and there would be nosetup and no entry for that trade.
    • Forex Bermuda 2012System RulesWe Enter the market in the direction of the 1-2-3 patternbreakout when price hit fibo level 100.Fibo level 100 is our entry point.Place your stoploss right at point 3 or few pips below/above it.Targets :Target 1 = Fibo level 161.8Target 2 = Fibo level 261.8Target 3 = Fibo level 423.6Next, we are going to see some trading examples ..
    • Forex Bermuda 2012Trading Examples!EUR/USD – Feb/2009 – 1H ChartTriangle Pattern + 123 Pattern ( uptrend breakout )Signal : Buy @ 1.2759 ( fibo level 100 )Stoploss @ 1.2570 ( 3 Point - fibo level 23.6 )Target @ 1.2911 ( fibo level 161.8 )Profit = 152 + Pips
    • Forex Bermuda 2012EUR/USD – Mar/2009 – 1H ChartTriangle Pattern + 123 Pattern ( uptrend breakout )Signal : Buy @ 1.3071 ( fibo level 100 )Stoploss @ 1.2937 ( 3 Point - fibo level 23.6 )Target 1 @ 1.3203 ( fibo level 161.8 )Profit = 132 + Pips
    • Forex Bermuda 2012EUR/USD – Mar/2009 – 1H ChartTriangle Pattern + 123 Pattern ( Downtrend breakout )Signal : Sell @ 1.3593 ( fibo level 100 )Stoploss @ 1.3582 ( 3 Point - fibo level 23.6 )Target 1 @ 1.3406 ( fibo level 161.8 )Profit = 187 + Pips
    • Forex Bermuda 2012The main problem could have with this system is the triangleformation. So , here is my advice :Wait until the breakout happens and the triangle is formedbefore you enter any trades.This is ok, because anyway we are going to wait for price to hitfibo level 100 to enter the market. And not going to trade oncethe breakout happens.Take your time to confirm the pattern formation and breakout.Avoid big triangles or start by trading smaller time frames.Like 15m – 30m charts.Start by trading currency pairs with small spreads. LikeEUR/USD.
    • Forex Bermuda 2012Money ManagementThe very first thing you should do when you start to trade isthink about your risk management tactics. Before placing anytrade, you should ask yourself the following question:How much money am I willing to risk on this trade?The answer to this question should not be found on Google orin a discussion forum – but should be answered by YOU andyourself only.Money management means you do everything possible tominimize the risk to your money by minimizing your emotionswhen you are doing your trading. You cannot just give yourmoney and expect success. You cannot take uncalculated risks.You cannot invest your money into this market with anythingeven remotely like being thoughtless.Even when your money management approach does not affectyour trading system, it will always affect the size of your tradingaccount.Money management in forex trading depends on - risk andleverage.Risk only very small percentage of total investment:Risky trading would be anything greater than 5% risk per trade.If you are trading and willing to lose 25% of your account oneach trade, a few bad trades in a row and your account isbleeding badly, quite possibly done for. Recommended TradeRisk is usually 1-5% of your account, and typically as an accountgrows in size traders risk even less because the value of floatingprofit/loss and make a stomach turn
    • Forex Bermuda 2012Calculate risk / reward ratio before trading:Before entering any trade, make sure that your risk / rewardratio is at least 1:3, which means that chances to lose are treetimes less than promises to win.For example: 30 pips of possible loss versus 100 pips ofpotential win is a good trade to enter.Another example: 40 pips to lose versus 30 pips to win, 20 pipsto lose versus 20 pips to win — all that is a clear sign of bad riskmanagement.Here is a free tool that you can use : is leverage? As an example, if you have a Leverage of100:1, it means that for every $1.00 dollar of your own capitalin your account you have $100.00 buying power. This soundsscary, but you do not have to be afraid, because currenciesusually move only a portion of a percent, sometimes a littlemore in a day. Leverage has to do with the amount you canborrow from your broker, it is the amount your broker is willingto lend you. Today, most brokers are willing to go as high aslending you $500.00 for every $1.00 you deposit in youraccount. Usually most brokers use the standard 100:1 leverage;you don’t really need anything more than that; and of course,higher leverage means higher risk when used.
    • Forex Bermuda 2012When you trade without sound money management rules, youare in fact gambling with your investment. You are not lookingat the long term possible on your investment. Rather you areonly looking for that quick high return. Sound moneymanagement rules will not only protect your investment, butthey will make you very profitable in your investing future.Discipline and money management means survival to a Forextrader. Gamblers do not last long in the trading business; theyflash and burn out leaving only the ashes of their failure behind.Money making is a serious game and if you are not seriousabout wanting to make money and keep on making money evenwhen trading starts tapering off or goes bad suddenly, then youmust not take up a career as a trader.The successful Forex trader plays the money game like a chessplayer. He uses his strategies to manoeuvre, he knows when tomove forward boldly and he has learned when it is the best timeto hang back and wait to see what the market will do.Best regards,Michel