Forex Inventory Trading

Hello all!  First off my apologies for the long hiatus since my last post.  I do have a valid excuse however as my wife and I were blessed with the birth of our daughter a few months ago and it has definitely been keeping us busy 🙂

I wanted to spend some time today writing about a great new trading course / trading group that I was fortunate enough to join last month, which I believe has really helped my trading thus far.  It is called “Inventory Trading” and was developed by Mr. Shonn Campbell.

Mr. Campbell takes a very fresh and unique prospective on his forex trading.  In a nutshell Mr. Campbell approaches his forex trading business as any retail inventory manager would deal with their physical inventory.  For example just like physical inventory in the retail business, in forex you are avoiding, at all costs, taking on inventory that you cannot unload later at a better price.  Also just as a retail inventory manager you are always looking to pick up more inventory when it is on sale.

I personally found this perspective on forex trading very intriguing and it has really helped me look at my forex trading in a different light.  Without giving too much more away I also love the inventory trading course because it focuses on trading with the trends, primarily using the 4 hour charts.  This type of trading definitely matches my personal preferences.

Mr. Campbell’s Inventory trading course includes hours of instructional video content with real chart examples and is very reasonably priced at a one time cost of $27.  I have included the link below to provide some more information on the Inventory trading course.

Click Here: Inventory Trading by Shonn Campbell

I would like to stress that this is not an affiliate link and I have no financial incentive for promoting this course.  I truly believe that the Inventory Trading Course will help many of you take your trading to the next level and as such I just wanted to share this with you.

Prior to offering the Forex Inventory Trading course online Shonn Campbell authored the ebook “Inventory Trading: How I run My Trading Account Like a Retail Inventory Manager”.  As a special gift to you and to give you a bit of a taste of what the Inventory Trading Course has to offer, Mr. Campbell was kind enough to allow me to provide to you his ebook free of charge which can be downloaded by clicking the link below.

Ebook: Inventory Trading by Shonn Campbell

Again I would definitely encourage you to check out Shonn Campbell’s Forex Inventory Trading Course as there it offers tremendous value for the $27 he is charging.

Well I hope you have enjoyed this post and if you have I would kindly ask that you comment, like and share 🙂  Until next time I hope you have some profitable forex trades!

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Andrew’s Forex System Review Part II

First of all I would like to wish you all a happy and healthy new year, and I hope that 2015 is also a profitable trading year for you all.

Several months back I provided a review of a forex trading tool that I have become quite fond of and continue to use very regularly known as Andrew’s Forex System.  As explained in part I of my Andrew’s Forex review (click here to view Part I) this system is a very simple tool which helps one determine which forex pairs are currently trending, and allows one to enter a trade at a “sweet spot” in the direction of the trend.

Andrew’s Forex System is designed to be traded from the 4 hour charts, which by the way is my personal favorite time frame to trade, so the system was a great fit for me.  I have to say that the more experience I gain trading forex and the more I work on developing my skills the more I truly believe that trading with the trend is the way to make it in this business.  If you can find a simple strategy that allows you to put the odds in your favor by trading with the longer term trend you will be miles ahead of most.

I have found that Andrew’s Forex System has over delivered in both of these respects.  I also really like the fact that the system allows you the flexibility to make it your own, and trade it in a way that is best suited to your own personality and trading style.  Let me give you an example by showing you a fairly recent trade I took on the AudNzd pair below:

20150101_audnzd-comments2

(*Note other indicators included with the system have been cropped out of the photo)

As you can see from the chart above the AudNzd has been in a nice bearish trend.  On December 4th  and again on December 9th the system triggered a short trade.  I personally like to put my stop 5-10 pips above the recent swing high level.  Assuming the trade goes as planned once the trade is at a 1:1 risk vs reward level I move my stop to break even.  At this point the trade becomes a risk free trade which is a very nice spot to be in as a trader.  I set my take profit level to the 1:2 risk vs reward level so that I am always aiming to gain twice as many pips from the trade as I am risking.  As you can see from the chart above the trade did end up reaching the 1:2 risk vs. reward level.

Putting the odds in your favor by trading only in the direction of the trend, and ensuring that your winning trades are larger than your losing trades is a deadly combination and has been working quite nicely for me.

If you are looking for a great, simple and profitable system that will allow you to put the odds of trading with the trend in your favor I would highly recommend checking out the system here:  Andrews Forex System

Well that’s about it for now, and I hope you have a great start to your 2015 trading year 🙂

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Andrew’s Forex System Review: Part I

So as promised in my last post I was going to share with you a great trading tool that I have been using for a while, and I must say so far I am quite impressed.  This trading tool not only helps me to quickly identify whether a particular forex pair is trending but it also helps me to objectively pick a sweet entry point to get in.

The system or tool that I have been using to assist with my forex trend trading is called Andrew’s Forex System.  The creator of the system is Andrew Sarraf.  What I love most about this system is that it fits my particular trading style and my particular trading preference to a tee.

First of all the Andrew’s Forex System uses the 4 hour charts to identify potential trade setups. If you have been following my blog you will know that I am a big fan of trading from the daily and 4 hour charts. I believe these higher time frame charts provide the most “stress free” form of trading, are the least time intensive, and ultimately the most profitable. If you check out Andrew’s Forex System (links above) you will see that he recommends using the indicators on the 4 hour charts.  4 Hour charts are great because in my opinion they provide a great balance between frequency of trade entry opportunities and reliability of the entry signals.

Andrews-Forex

On his sales page Mr. Sarraf points out that Andrew’s Forex System is great because it is reliable, consistent, provides a system for people with very little time to analyze or sit in front of their charts every day.

I have been using Andrew’s Forex System for quite a while now and I would have to say that I agree with all of these claims so far.  Now you and I both know there is no such thing as a “holy grail” forex system.  There is no system on the planet that is going to give you 100% profitable signals, and anyone who tells you otherwise is lying.  But so far I have found that when used properly, the signals that this system is providing fairly consistent winners, and the system is profitable especially when using a 1:2 or more risk vs. reward target.

The other part of his sales page that I would agree with is that the system is fantastic if you don’t have a ton of spare time.  Let’s face it, most of us our very busy.  Most of us don’t have the luxury of spending hours per day analyzing our charts and placing trades.  Personally, using the Andrew’s Forex System indicators I am only spending 20 – 30 minutes per day tops.  I usually check my charts quickly in the morning before I am off to start my day, and again in the evening after supper.

You see this system is basically identifying stable trends on a forex currency pairs that have been in place for 3 weeks or more.  The system also helps you identify the “sweet spot” to enter with the trend after there has been a small retracement.  The system provides an objective non-repainting signal to identify the optimal entry point.  In turn this provides the best chances of a high probability and good risk vs. reward entry point.

Not only does Andrew’s Forex System provide you with your optimal entry points,  the Pdf manual provided with the system, offers suggestions on optimal stop loss placement and take profit levels.  Generally I have been using a 1:2 risk vs. reward so that even if only 50% of my trades are successful I am in profit over the long term.

In my next review post for Andrew’s Forex System I plan to post my own video showing a live trade example.  But I thought for now I would share with you a nice video review by AtradingPlan.Com below.  I think they also do a pretty nice job of highlighting the strengths of this system.

 

As with any system you cannot just blindly take any and all signals generated by the system.  You will still need to use a bit of common sense, and that device between your ears to avoid low probability set ups.  But having said that I honestly believe the Andrew’s Forex System offers a great low cost strategy to trade with the trend.  So far I have found that when his system is used properly it has been profitable and fairly reliable.  I would definitely recommend aiming for at least a 1:2 risk vs. reward, and with the trend on your side you will find that price will often hit your TP level!  You just need a bit of patience.

Well that’s about it for Part I of my review of Andrew’s Forex System.  If you are looking for a nice way to make steady consistent gains in the Forex market I would strongly recommend you give this one a look:  Andrew’s Forex System.

Update… 

You can Check out Part II of my Andrew’s Forex System Review by clicking here.

Have a fantastic weekend!

Cheers

Serge 🙂

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DNB Forex Price Action Membership Review

Hello all I hope you are having a great weekend. I just wanted to provide a review of a brand new forex price action membership program that I have recently joined. It is called DNB Forex Price Action War Room. For any of you who have been reading my blog know that I am a big fan of forex price action methods, especially trading from the larger time frames such as the Daily, 8 hour and 4 hour charts. DNB Price Action War Room it is an instructional forex price action membership program that specializes in teaching forex price action methods from the daily charts so naturally it got my attention and I joined. The lifetime membership is very reasonably priced at $147 when you consider the value provided with the membership.

Within his DNB Price Action War Room the first gem Mr. Blackmore provides is the 30 module Price Action Protocol trading manual. In my opinion the Price Action Protocol trading manual will provide everything you need to become profitable forex trader, provided you are disciplined and have good money management. But the membership goes way beyond the price action instructional manual, and it is these extras that actually influenced me to join. Mr. Blackmore provides a daily “Chart of the Day” analysis of the most promising price action set up. Once a week (usually on Saturdays) he also provides a 25 – 30 min Market Commentary video in which he provides his price action analysis for the major pairs. This analysis allows you to get ready for the trading week ahead and lets you inside his head with respect to market analysis and what he is looking for in potential trade setups. Below is a snippet of one of the Price Action War Room weekly commentary.

In addition to all these great teaching tools there is also a forum which allows all members to discuss potential trade setups. I truly believe that this interactive participation is the only way to truly improve your skills as a trader.

Update: July 8, 2013

As a bit of an update Mr. Blackmore has now added some additional valuable content and instruction to his War Room membership.  He has added the “Price Action Experimental Lab” which has additional instruction on trading using the 4 hour charts, entitled the “4 hour trading strategy”.  Within this section he has also added a section entitled “The Power Candle”.  These power candles frequently show up on our daily and 4 hour charts.  Mr. Blackmore provides a great explanation of what the “Power Candle” is and how to best trade them.

For any of you who are truly interested in learning more about price action trading I would take a serious look at the DNB Forex membership by clicking here: DNB Price Action War Room.  In my opinion it is one of the best forex trading membership courses out there, and provides great value for the one time membership fee!

Well that about it for now but if you enjoyed this post please comment, share and like!

Cheers 🙂

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