Forex Jerk Mini Guide

Transcription

1 Forex Jerk Mini Guide

2 INSTALLATION. I ve made the installation process really easy for you. Download the files from the members zone. Unzip the.zip file. This should be fairly easy. If you get stuck CLICK HERE. You ll see a.exe file. Just open it Then select where you want it installed. OPENING IN METATRADER. When you ve installed the system and opened MetaTrader4, open a chart for a currency of your choice. I use EUR/USD often, just because the market changes quickly and often, and it works well for my personal trading style. Right click on the chart Templates > fxjerk

3 When you see the pretty colors as shown in the image above, the system is installed and setup HOW DO I TRADE? Whilst I can t walk you through the whole of MetaTrader 4, here s a link on how to trade using MT4. I m not affiliated with this broker. I just found the link on Google! How to trade using the system is on the following page

4 HOW DO I USE THE FX JERK SYSTEM? BUY WHEN: The white Candlesticks are ABOVE the 2 EMA lines (Yellow and Gold). (Section 1) This is NOT always critical. For HUGE moves yes, for everyday trading, I would personally ignore this criteria and use the following 2. The momentum line is BELOW 100 BUT positively starting to move UPWARDS. (Section 2) Stoch Blue line starts to climb ABOVE the red line, at a sharper angle. (Section 3) For an example of this Look at the images on the following pages. SELL WHEN: The white Candlesticks are BELOW the 2 EMA lines (Yellow and Gold). (Section 1) This is NOT always critical. For HUGE moves yes, for everyday trading, I would personally ignore this criteria and use the following 2. The momentum line is ABOVE 100 BUT positively starting to move DOWNWARDS. (Section 2) Stoch Blue line starts to fall BELOW the red line, at a sharper angle. (Section 3) For an example of this Look at the images on the following pages.

5 BUY EXAMPLE You can see here, that although the top section condition was not met (like I said.. not VITAL).. the Momentum and Stoch clearly show a change in direction, upwards. This is also a good example, because at the top of the crest that follows, the market changes again, highlighting the PERFECT exit point for that trade!!

6 SELL EXAMPLE You can see here, that although the top section condition was not met (like I said.. not VITAL).. the Momentum and Stoch clearly show a change in direction, downwards.

7 So when do I exit trades? This is the burning question. Do NOT just exit trades if you happen to slip into a loss. The amount of money I have thrown away because I cut a trade short, and then the market fell/rose to where I wanted to be, and I could have banked $$. But didn t. SET STOP LOSSES (see MT4 walkthrough) on all your trades. Exiting trades TAKES SKILL. This is not reallllly something I can teach you. You need to look at the Stoch + Momentum lines, and use your own judgment on when to exit trades. << important. Please practice on a demo account. Look back on the days conditions, and you should be able to see the patterns that evolve, and work out when you would exit your trade.

8 Thanks for using The Forex Jerk system. Feel free to me: I will read every , but please remember I ll probably get thousands, and may not reply to you unless you re having a technical issue that prevents the system from working. I cannot and will not offer advice on managing your finances and trades. Please Use your brain in this one. It s NOT difficult to use and learn. Thanks again for your support. Checkout my blog etc. John The Jerk Smith.

9 Stuff I have to say.. U.S. Government Required Disclaimer - Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. The purchase, sale or advice regarding a currency can only be performed by a licensed Broker/Dealer. Neither us, nor our affiliates or associates involved in the production and maintenance of these products or this site, is a registered Broker/Dealer or Investment Advisor in any State or Federally- sanctioned jurisdiction. All purchasers of products referenced at this site are encouraged to consult with a licensed representative of their choice regarding any particular trade or trading strategy. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Clearly understand this: Information contained in this product are not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital. *CFTC RULE 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.