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Forex Bermuda
FOREX BERMUDA
TRADING STRATEGY
WWW.MASTERTRADER.ONLINE
http://mastertrader.online/tms_harmonics_ph/
Forex Bermuda
DISCLAIMER
U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures
and Options trading has large potential rewards, but also large potential risks. You must be
aware of the risks and be willing to accept them in order to invest in the futures and options
markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an
offer to Buy/Sell futures or options. No representation is being made that any account will or
is likely to achieve profits or losses similar to those discussed on this ebook. The past
performance of any trading system or methodology is not necessarily indicative of future
results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE
CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED
RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE
NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED
FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF
LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO
THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO
REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO
ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
No representation is being made that any account will or is likely to achieve profits or losses
similar to those shown. In fact, there are frequently sharp differences between hypothetical
performance results and the actual results subsequently achieved by any particular trading
program. Hypothetical trading does not involve financial risk, and no hypothetical trading
record 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 educational
purposes only and is not intended to provide financial advise. Any statements about profits
or income, expressed or implied, does not represent a guarantee. Your actual trading may
result in losses as no trading system is guaranteed. You accept full responsibilities for your
actions, trades, profit or loss, and agree to hold Forex Humanoid and any authorized
distributors of this information harmless in any and all ways. The use of this system
constitutes acceptance of our user agreement.
Forex Bermuda
1B1BThank you and Welcome,
In this ebook, I will show you how to trade forex market using a
very simple and yet very powerful strategy.
If you are beginner, I highly recommend getting basic trading
knowledge before start reading this ebook. Here is a great
source for this mission :
www.babypips.com
You may also want to open a demo account and download
metatrader software for free. There are many brokers offering
free demo accounts and use metatrader platform:
FXDD : www.fxdd.com
I will start by explaining this system and after that I will tell you
all about money management.
Thanks again and wish you all the best,
http://mastertrader.online/tms_harmonics_ph/
Forex Bermuda
2B2BAbout The System
Forex 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 looks
like a triangle.
Forex Bermuda
Price usually move inside that triangle and then we should see a
breakout. The direction of the main trend is not important at
all. We are not following the trend. We are trading breakouts.
At the above example, the breakout happened in a down trend
movement.
But it could also be an Up trend breakout.
Forex Bermuda 2012
Your main job now is to practice on recognizing triangle
patterns. Once you learned this skill, the rest should not be a
problem at all.
Remember, you only need to see an uptrend crossing a down
trend 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 at
the beginning/end of a trend. The direction that the triangle is
pointing at, also doesn’t matter.
One thing you should keep in mind, this pattern happens all the
time. No matter what currency pair you are trading or what
time frame you are using. And that’s a big advantage!
So, feel free to practice on any currency pair you like. 1 hour/4
hour time frames for now. And when you feel that you are ready
to take the next step .. jump to the next page.
Forex Bermuda
Fibonacci Retracement ( Fibo Levels ):
Leonardo Fibonacci was a mathematician born in 12th Century
Italy. His study of Fibonacci numbers (a sequence of numbers
where each number is the sum of the two previous numbers) is
often applied by modern technical analysts to find support and
resistance in stock charts.
Default Levels : 0.0 – 23.6 – 38.2 – 50 – 61.8 – 100 – 161.8 –
261.8 – 423.6
We are going to use the 123 pattern. The 123 pattern is a
reversal chart pattern which occurs very frequently and has a
very high success ratio. 123’s occur at the end of trends and
swings, and they are an indication of a change in trend. They
can also be found within a trading range, and they take place
when the directional momentum of a trend is diminishing…
Here is how it looks like:
Forex Bermuda
1 - 2 – 3 Pattern with down Trend :
1 – 2 – 3 Pattern with Up Trend :
Forex Bermuda
System Setup
This system works with all currency pairs and all time frames.
But it’s recommended to be used with 15 minutes or higher time
frames.
As you know now, we are going to use 2 patterns with this
system:
1 – The Triangle Pattern
2 – The 1 2 3 Pattern
Here is how it looks like on the chart :
Forex Bermuda
And another one ..
Forex Bermuda
Once the 1 2 3 pattern was spot, we attach the Fibonacci levels
to the pattern.
If the 1 2 3 pattern predicts an uptrend breakout, then we attach
fibo level 0 to point 1. And fibo level 100 to point 2.
Forex Bermuda 2012
If the 1 2 3 pattern predicts a downtrend breakout, then we
attach fibo level 0 to point 1. And fibo level 100 to point 2.
Very Important : Point 3 must always be at one of the fibo
retracement levels :
23.6 – 38.2 – 50 – 61.8
If not, then it’s not a valid 1-2-3 pattern and there would be no
setup and no entry for that trade.
Forex Bermuda
System Rules
We Enter the market in the direction of the 1-2-3 pattern
breakout 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 161.8
Target 2 = Fibo level 261.8
Target 3 = Fibo level 423.6
Next, we are going to see some trading examples ..
Forex Bermuda
Trading Examples!
EUR/USD – Feb/2009 – 1H Chart
Triangle 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
EUR/USD – Mar/2009 – 1H Chart
Triangle 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
EUR/USD – Mar/2009 – 1H Chart
Triangle 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
The main problem could have with this system is the triangle
formation. So , here is my advice :
Wait until the breakout happens and the triangle is formed
before you enter any trades.
This is ok, because anyway we are going to wait for price to hit
fibo level 100 to enter the market. And not going to trade once
the 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. Like
EUR/USD.
Forex Bermuda
Money Management
The very first thing you should do when you start to trade is
think about your risk management tactics. Before placing any
trade, 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 or
in a discussion forum – but should be answered by YOU and
yourself only.
Money management means you do everything possible to
minimize the risk to your money by minimizing your emotions
when you are doing your trading. You cannot just give your
money and expect success. You cannot take uncalculated risks.
You cannot invest your money into this market with anything
even remotely like being thoughtless.
Even when your money management approach does not affect
your trading system, it will always affect the size of your trading
account.
Money management in forex trading depends on - risk and
leverage.
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 on
each trade, a few bad trades in a row and your account is
bleeding badly, quite possibly done for. Recommended Trade
Risk is usually 1-5% of your account, and typically as an account
grows in size traders risk even less because the value of floating
profit/loss and make a stomach turn
Forex Bermuda
Calculate risk / reward ratio before trading:
Before entering any trade, make sure that your risk / reward
ratio is at least 1:3, which means that chances to lose are tree
times less than promises to win.
For example: 30 pips of possible loss versus 100 pips of
potential win is a good trade to enter.
Another example: 40 pips to lose versus 30 pips to win, 20 pips
to lose versus 20 pips to win — all that is a clear sign of bad risk
management.
Here is a free tool that you can use :
http://www.goforex.net/money-management-calculator.htm
What is leverage? As an example, if you have a Leverage of
100:1, it means that for every $1.00 dollar of your own capital
in your account you have $100.00 buying power. This sounds
scary, but you do not have to be afraid, because currencies
usually move only a portion of a percent, sometimes a little
more in a day. Leverage has to do with the amount you can
borrow from your broker, it is the amount your broker is willing
to lend you. Today, most brokers are willing to go as high as
lending you $500.00 for every $1.00 you deposit in your
account. 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
When you trade without sound money management rules, you
are in fact gambling with your investment. You are not looking
at the long term possible on your investment. Rather you are
only looking for that quick high return. Sound money
management rules will not only protect your investment, but
they will make you very profitable in your investing future.
Discipline and money management means survival to a Forex
trader. Gamblers do not last long in the trading business; they
flash and burn out leaving only the ashes of their failure behind.
Money making is a serious game and if you are not serious
about wanting to make money and keep on making money even
when trading starts tapering off or goes bad suddenly, then you
must not take up a career as a trader.
The successful Forex trader plays the money game like a chess
player. He uses his strategies to manoeuvre, he knows when to
move forward boldly and he has learned when it is the best time
to hang back and wait to see what the market will do.
Best regards,
Michel Selim
http://mastertrader.online/tms_harmonics_ph/

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Forex bermuda trading strategy system

  • 1. Forex Bermuda FOREX BERMUDA TRADING STRATEGY WWW.MASTERTRADER.ONLINE http://mastertrader.online/tms_harmonics_ph/
  • 2. Forex Bermuda DISCLAIMER U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risks. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this ebook. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record 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 educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold Forex Humanoid and any authorized distributors of this information harmless in any and all ways. The use of this system constitutes acceptance of our user agreement.
  • 3. Forex Bermuda 1B1BThank you and Welcome, In this ebook, I will show you how to trade forex market using a very simple and yet very powerful strategy. If you are beginner, I highly recommend getting basic trading knowledge before start reading this ebook. Here is a great source for this mission : www.babypips.com You may also want to open a demo account and download metatrader software for free. There are many brokers offering free demo accounts and use metatrader platform: FXDD : www.fxdd.com I will start by explaining this system and after that I will tell you all about money management. Thanks again and wish you all the best, http://mastertrader.online/tms_harmonics_ph/
  • 4. Forex Bermuda 2B2BAbout The System Forex 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 looks like a triangle.
  • 5. Forex Bermuda Price usually move inside that triangle and then we should see a breakout. The direction of the main trend is not important at all. We are not following the trend. We are trading breakouts. At the above example, the breakout happened in a down trend movement. But it could also be an Up trend breakout.
  • 6. Forex Bermuda 2012 Your main job now is to practice on recognizing triangle patterns. Once you learned this skill, the rest should not be a problem at all. Remember, you only need to see an uptrend crossing a down trend 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 at the beginning/end of a trend. The direction that the triangle is pointing at, also doesn’t matter. One thing you should keep in mind, this pattern happens all the time. No matter what currency pair you are trading or what time frame you are using. And that’s a big advantage! So, feel free to practice on any currency pair you like. 1 hour/4 hour time frames for now. And when you feel that you are ready to take the next step .. jump to the next page.
  • 7. Forex Bermuda Fibonacci Retracement ( Fibo Levels ): Leonardo Fibonacci was a mathematician born in 12th Century Italy. His study of Fibonacci numbers (a sequence of numbers where each number is the sum of the two previous numbers) is often applied by modern technical analysts to find support and resistance in stock charts. Default Levels : 0.0 – 23.6 – 38.2 – 50 – 61.8 – 100 – 161.8 – 261.8 – 423.6 We are going to use the 123 pattern. The 123 pattern is a reversal chart pattern which occurs very frequently and has a very high success ratio. 123’s occur at the end of trends and swings, and they are an indication of a change in trend. They can also be found within a trading range, and they take place when the directional momentum of a trend is diminishing… Here is how it looks like:
  • 8. Forex Bermuda 1 - 2 – 3 Pattern with down Trend : 1 – 2 – 3 Pattern with Up Trend :
  • 9. Forex Bermuda System Setup This system works with all currency pairs and all time frames. But it’s recommended to be used with 15 minutes or higher time frames. As you know now, we are going to use 2 patterns with this system: 1 – The Triangle Pattern 2 – The 1 2 3 Pattern Here is how it looks like on the chart :
  • 11. Forex Bermuda Once the 1 2 3 pattern was spot, we attach the Fibonacci levels to the pattern. If the 1 2 3 pattern predicts an uptrend breakout, then we attach fibo level 0 to point 1. And fibo level 100 to point 2.
  • 12. Forex Bermuda 2012 If the 1 2 3 pattern predicts a downtrend breakout, then we attach fibo level 0 to point 1. And fibo level 100 to point 2. Very Important : Point 3 must always be at one of the fibo retracement levels : 23.6 – 38.2 – 50 – 61.8 If not, then it’s not a valid 1-2-3 pattern and there would be no setup and no entry for that trade.
  • 13. Forex Bermuda System Rules We Enter the market in the direction of the 1-2-3 pattern breakout 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 161.8 Target 2 = Fibo level 261.8 Target 3 = Fibo level 423.6 Next, we are going to see some trading examples ..
  • 14. Forex Bermuda Trading Examples! EUR/USD – Feb/2009 – 1H Chart Triangle 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
  • 15. Forex Bermuda EUR/USD – Mar/2009 – 1H Chart Triangle 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
  • 16. Forex Bermuda EUR/USD – Mar/2009 – 1H Chart Triangle 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
  • 17. Forex Bermuda The main problem could have with this system is the triangle formation. So , here is my advice : Wait until the breakout happens and the triangle is formed before you enter any trades. This is ok, because anyway we are going to wait for price to hit fibo level 100 to enter the market. And not going to trade once the 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. Like EUR/USD.
  • 18. Forex Bermuda Money Management The very first thing you should do when you start to trade is think about your risk management tactics. Before placing any trade, 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 or in a discussion forum – but should be answered by YOU and yourself only. Money management means you do everything possible to minimize the risk to your money by minimizing your emotions when you are doing your trading. You cannot just give your money and expect success. You cannot take uncalculated risks. You cannot invest your money into this market with anything even remotely like being thoughtless. Even when your money management approach does not affect your trading system, it will always affect the size of your trading account. Money management in forex trading depends on - risk and leverage. 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 on each trade, a few bad trades in a row and your account is bleeding badly, quite possibly done for. Recommended Trade Risk is usually 1-5% of your account, and typically as an account grows in size traders risk even less because the value of floating profit/loss and make a stomach turn
  • 19. Forex Bermuda Calculate risk / reward ratio before trading: Before entering any trade, make sure that your risk / reward ratio is at least 1:3, which means that chances to lose are tree times less than promises to win. For example: 30 pips of possible loss versus 100 pips of potential win is a good trade to enter. Another example: 40 pips to lose versus 30 pips to win, 20 pips to lose versus 20 pips to win — all that is a clear sign of bad risk management. Here is a free tool that you can use : http://www.goforex.net/money-management-calculator.htm What is leverage? As an example, if you have a Leverage of 100:1, it means that for every $1.00 dollar of your own capital in your account you have $100.00 buying power. This sounds scary, but you do not have to be afraid, because currencies usually move only a portion of a percent, sometimes a little more in a day. Leverage has to do with the amount you can borrow from your broker, it is the amount your broker is willing to lend you. Today, most brokers are willing to go as high as lending you $500.00 for every $1.00 you deposit in your account. 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.
  • 20. Forex Bermuda When you trade without sound money management rules, you are in fact gambling with your investment. You are not looking at the long term possible on your investment. Rather you are only looking for that quick high return. Sound money management rules will not only protect your investment, but they will make you very profitable in your investing future. Discipline and money management means survival to a Forex trader. Gamblers do not last long in the trading business; they flash and burn out leaving only the ashes of their failure behind. Money making is a serious game and if you are not serious about wanting to make money and keep on making money even when trading starts tapering off or goes bad suddenly, then you must not take up a career as a trader. The successful Forex trader plays the money game like a chess player. He uses his strategies to manoeuvre, he knows when to move forward boldly and he has learned when it is the best time to hang back and wait to see what the market will do. Best regards, Michel Selim http://mastertrader.online/tms_harmonics_ph/