Bitcoin Invest with Perfect Accuracy

Bitcoin invest: When to sell and take the Profits

Hello, dear investors, in this article I will show you where I decide to sell or where I decide to take the profit. And this is as important as when to buy and when to get on the market when Bitcoin Invest. It’s also the same thing when we get off when we decide to close the trades.

And, of course, we always aim to do that on a profit not on a loss and this is exactly what I want to teach you in this course. So I will go back just where I started this section and I will look for the lowest low right here, the one shown below.

bitcoin invest
Lowest low

We had an uptrend here. This is really old historical data from 2013 and 2014. I will take as an example just the recent huge move that we had in 2018 and then I will show you what is present in 2020 and how I applied this method of Bitcoin Invest in taking the profit or selling the cryptocurrencies.

So we had a downtrend in 2014, in 2015 it changed and we had a clear uptrend. For this Bitcoin Invest strategy, I’m using is the Fibonacci retracement. For some people it is an indicator, for others it’s a complete theory.

The fibonacci retracement is what I use in this Bitcoin Invest strategy

It’s a method that is very common but I use it just to show me where is the place and when is the time to sell off and to get out of the market and to take my profit.

So what is the Fibonacci? There are different methods of drawing it. Normally, it should be drawn with the direction of the trend but I draw it just the opposite way and I will show you why.

bitcoin invest method
The fibonacci

So when you grab it from the trading platform or whatever website you’re using for your analysis, you can draw it from one point to another. And what I take is the first move in the uptrend which is the last move of the downtrend.

And then you can see that I have this middle zone which has the 50 level, 61.8, and 38.2.

The middle zone

And then I have 2 targets. And this is the thing I’m using, it has a target of 1.61 and 2.61.

bitcoin invest with fibonacci
The targets

And in brackets, it shows you what is the price.

So I take the first move and as the price continues, I keep drawing the Fibonacci whenever the price reaches the second target. So the next Fibonacci, I can take a new one or just ctrl + C, Ctrl + V the one I have.

I avoid large drawings on the chart

Normally, I don’t draw them so big because it will take a lot of my screen and if I draw different things, it will be too messy. I keep them tiny.

This is just so that it doesn’t take so much of my screen. So, one more time, I take the first move when the price reaches the second target, at this moment I have a huge move. So I take the top of the move and I draw it until the lowest retracement or this is where the price reached lowest from the fibonacci.

The 2nd fibonacci

The price continued higher. We have the first Take Profit which worked perfectly in this case. The price just reached it and dropped down. And then we have the second target.

And where is the end of the move? I think it’s where there is some pullback. So with the next fibonacci I use the other method. Ctrl + C, ctrl + V, and I can drag it a little bit faster from the top until the lowest point as shown below.

You can drag the fibonacci

Zoom your screen to place the Fibonacci precisely for the Bitcoin Invest

Try to make it precisely. I will not do it like very accurately right now because the lecture will get longer if I zoom it every time to put it in the right place. But when you are doing it make sure to zoom and to put it on the right spot.

So, one more time, the price reaches the second target and I take the next high, and then I draw it back to the lowest retracement.

This Bitcoin invest strategy for profits worked perfectly with the first Take Profit or for the first target, and then the second one is nearly at the end of the move. And if you have both, taking the profit at this level would be just fantastic.

And then it might give you new opportunities, there is a nice counter-trendline here, failure of the recent low and then you can re-enter and continue higher. What happened then where the price reached about 4,200 and something? So again I will ctrl + C and Ctrl + V, and I will take it from the next top.

You can copy a previous fibonacci and paste it

It reaches here, the top and the lowest retracement are shown below.

bitcoin invest targets
The 3rd fibonacci

The price pulled back so there is the lowest retracement.

And then there is another retracement that went below that point. And then what happened is we have the new targets and I really hope that you get my point here, how I continue higher. And there is just one more fibonacci that I had in this case.

Let me take another one or as I said, you can copy a previous fibonacci.

The 4th fibonacci

So we have the second Take Profit and we had a top. This is the lowest point. So we had a new top, the price failed, and it was a very negative candlestick.

However, the price continued higher. I guess everyone remembers this time when the people were totally crazy about the Bitcoin. Everybody was buying, even people that never ever participated in the market bought so much Bitcoin. And unfortunately, many people lost after that. They did not use any Bitcoin Invest strategy.

Round numbers matter with the Bitcoin Invest

The first target was reached very successfully but then the second one was not reached. And I remember this time very clearly because I closed some of my trades. I sold some Bitcoin and other cryptocurrencies at the first Take Profit.

And then the price continued higher but it formed this 1, 2, 3 negative candlesticks and on the 4th one, on the 4th day, which was the 17th of December, I saw that it really becomes negative. And a very important thing happened here at 20,000, this was the round number that the Bitcoin failed to take.

The round number that the Bitcoin failed to take

And since then, it never reached it until this moment. Maybe in the future it will. If you’re watching this course later and it’s above 20,000, well it means that it was broken. And if I go to the 10,000, the first time it broke the 10,000, the 10,000 again is reflected.

It broke but this day failed to close above the 10,000 which was a negative sign but still, it continued higher. And then if I just go back, there are some very important psychological levels like the 3,000. The price failed, and then broke above, then we had at the 5,000.

So keep in mind that whenever there is a round number, it always reflects the price and you need to be really careful. And especially if you see the price failing to take some round number, you should close the trades and you should take your profit.

Don’t risk losing your profit

Take the profit, don’t take the risk to lose your profit. There will be new opportunities. And there were so many new opportunities after that with the Bitcoin. It went down.

And actually, with the downtrend, when the price is very negative as it was in 2018, I use the brokers and the CFD trading where I can actually trade on the opposite direction.

And I do all I’ve shown in the opposite. I draw the fibonacci the opposite way and I draw the counter trendlines the opposite way.

Counter trendline fails to take the high, great opportunities sell. But this I show in my other Bitcoin price action trading course where I’m showing CFD trading and where I show a very similar strategy. But here for the investing course, I wanted to simplify it and to make it easier for everyone.

Now, in the next lecture I want you to do the fibonacci drawing for the period after 2019, starting from here until the top.

bitcoin invest lines
Do the fibonacci drawing here

And please share some screenshots so I can see if you have done it properly. Do this assignment, it will be good practice for you. You can post the screenshots in the comments below.

Starting from December 2018 and 2019 until June, the top that we had where the price failed to take the 14,000 which is again a round number. And then we had another negative trend with the Bitcoin, a new positive trend at the end of 2019 and the beginning of 2020.

Coronavirus impact on the Bitcoin Invest

Just play around with the chart, draw counter trendlines, and draw the fibonacci so you will see what were the opportunities with the strategy. And look as well for the failure of the recent low. Now, what I will show you is the recent fibonacci that I had.

This is the crash because of the coronavirus where the stock market crashed, the cryptocurrencies, and a very huge crash for the Bitcoin. In one day, it fell from nearly 8,000 down to 4,800 and something.

However, after that we had very quickly the uptrend, a series of higher highs and higher lows. And below is my first fibonacci, I will just switch it to hourly chart so you can see it more clearly.

The hourly chart

Where is the first Take Profit? 7,314 and 9,455. So it’s up to you which target you want to use, the first one or the second one.

Work on the assignment for practice purposes

If you want to take your profit faster and you don’t want to hold your positions for a longer time, you can use the first one or you can use the second one. I use them both, sometimes I sell some quantity in here, and sometimes I wait for the next one.

For example, once I waited because it is below 10,000. If the target was just above the 10,000, there will be the 10,000 round number that might stop the price. So I don’t want to take that risk and I will be using the first target.

But in this case, I decided to wait for the second target because it’s below the 10,000 and I will show you that in the next section. Make sure you do the assignment now because it will be useful to you to practice. Share it with me and I will give you always some advice and tips.

Thank you for reading.

price action trading strategy

Price Action Trading Strategy That Everyone Can Use

Price action trading is the favorite method for many traders, but few do it right!

Today I will describe the price action trading strategy that we use successfully in the Academy. This is a free lecture, it’s not going to be part of any of our trading courses.

We will keep creating lectures to share with you the strategies and trading systems that we use in the Academy. Now, as a price action trader, I’m always looking for volatile assets such as Bitcoin. And yesterday I had some great profits with the Bitcoin as it passed again the $10,000, which is an important round number for the price action traders, and it is already above much higher.

price action trader
The Bitcoin surpassed the $10,000 again

In this lecture, I will do a quick overview of the price action strategy that I’m using and you will be able to apply it at the end of the lecture. So all price action traders use different methods, different drawing tools, indicators, different trading platforms, different price action patterns, but what’s common for everybody is the price.

This is why it’s called price action trading because we are trading based on what the price forms. For the very beginner traders, what usually we have on the chart are the candlesticks or the bars.

The TradingView platform is suitable for price action trading strategies

The candlesticks are bars that are formed from the price. The most common outlook is the candlesticks because they give us the idea when the market was positive and when the market was negative. For example, the long red candlestick below shows that it was a negative hour for the Bitcoin.

The candlesticks

And then the positive green bar shows that it was a very positive hour for the Bitcoin. Why do I say an hour? Because one candlestick or one bar represents one hour’s time. This presentation of the price allows us to draw different lines and to use different indicators.

I will explain to you what I use for my price action trading strategy which could apply not only for the Bitcoin but for any other trading asset that you want to trade with. For example, if you are a fan of the currency pairs, you can do price action Forex trading.

Or if you are a fan of stocks, you can do stock trading as well. Anything on the market that moves could be traded with price action strategy, and, of course, we need the brokers to offer it and to provide it to have access to trade with it.

For the purpose of this lecture, I have selected to use TradingView which is a great online platform for trading so many different assets.

price action trading with TradingView
The TradingView platform

The trend is vital for the price action trading strategies.

But I’m not related to the platform so don’t take it as a recommendation. I simply combine it when I do cryptocurrency trading or investing and I do the analysis over TradingViewing, in this case for Bitcoin. I have been trading in Coinbase recently, a great cryptocurrency exchange where you can trade so many different cryptocurrencies.

price action trade on Coinbase
Coinbase platform

will start from scratch for those who don’t have any experience in trading.

I will go to the daily chart and I will select the period between August 2019 and December 2019.

The daily chart

The first important thing about price action trading is the trend.

The price has the tendency to trend. What does it mean to trend? To go in one direction for a longer period of time. For this period the price was falling. There are some periods when the price is going up, down, up, up again, down. But overall, the price goes down.

The Price action patterns applicable to any asset of your choice

In this case, it dropped from 12,290 down to 6,500 and something. And the Bitcoin lost 2 times its value. One more time, for this price action strategy, I will stick to the Bitcoin because recently I trade it a lot and it’s very volatile.

You can apply the strategy to any other trading asset, Forex, crypto, commodity, stocks, whatever you want to trade. And what is the trend? The trend is defined as a series of higher highs and higher lows.

This means that when we have consecutive lower highs and consecutive lower lows, we will have a downtrend. In this case, we have such a downtrend.

So, one more time, in price action trade we say that we are in a downtrend when we have a series of lower highs and a series of lower lows.

trend in price action trade
Example of a downtrend

The very same thing on the other side, when the price is going up, when we have a series of higher highs and a series of higher lows, this period is an uptrend.

up trend
Example of an uptrend

Most price action traders want to trade with the direction of the trend.

CFD trading is when we do Forex price action

And why is that? Because we have a higher chance to be on the profitable side. For example, if we buy, we have a higher chance to reach our targets because we are in an uptrend. Most of the people are buying at this moment. And when we are in a downtrend, it means that the people are selling.

And no matter why we sell the asset, we have a bigger chance to profit out of it because the majority of the price action traders are selling. I’m talking about profits in selling because keep in mind the following:

With the Forex brokers, we have the chance to benefit when the price drops because there we trade with CFD trading which means Contract for Difference.

Or in other words, we can sell an asset without having it previously and we can close the position at a lower price and benefit out of that.

Now, with the exchanges, and especially with the cryptocurrencies, everybody is looking for the moment when to buy because when selling it at a more expensive price, we will benefit.

Let’s go a little bit earlier after the period of 2019. I’m not going to talk about the periods of 2017-2018. This was a crazy time for the Bitcoin. Everybody was buying. There were not really rules in there, it was just one direction and everything changed at the end of 2017 and the beginning of 2018.

The market gained stability

However, after 2019, we have a very normal market for the Bitcoin which allows us to apply different price action strategies and to benefit easily and without so much stress as it was in 2017 and 2018. To explain what this price action strategy is, I will start from the plain chart.

And after that, I will demonstrate to you some of my recent price action trade and I will show you some real statistics of my trading and you will see how I applied. As I have said, we are in an uptrend when we have a series of higher highs and higher lows.

It’s very obvious that we have a series of higher highs and higher lows. The price is going up. And what we are looking for is when to join the trend or in other words, when to get on the train.

What is price action trading?

We analyze the price to find the best possible entry, and we use price action trading strategies to know when exactly to buy and when exactly to sell and to get off the train. For this period, you can see below that the price is going aggressively upwards.

The price goes aggressively higher

The mistake most beginner traders do

If you look at the market like that, it’s really risky to buy at such a moment because we never know when the move will stop.

And most of the time, this is a common mistake that the beginner price action traders do to buy at such highs and after that, the price just pulls back and they might turn into a huge loss.

For example, the price reached 8,250, and then it dropped nearly to 6,500. That’s a huge drop and most of the traders just get afraid and they want to sell. They sell because they don’t want to take bigger losses.

The smart price action traders are going to buy exactly on these pullbacks, also called retracement. This is very normal because, at this moment, the smart investors and smart traders are taking their profits. They sell and this makes the price drop.

However, the majority of the people still want to buy and they push the price higher. So how can you use these pullbacks? The price action strategy that I use relies on the counter trend line. What is the counter trend line?

The counter trend line is one of the best price action patterns

It’s a line that goes against the trend. As we said, at this period of time we are in an uptrend. So the counter trend line is a line that is against the trend. It’s not with the direction of the trend but it’s against it. It’s the opposite drawing that we do with the regular trend lines.

price action patterns
Counter trend line

And when the price breaks this counter trend line, it’s one of the best entries I have ever used as a price action trader. I’ve been using now the counter trend line for over 10 years and it works great.

And it will continue working great for me and for many of the students that I have in the Academy because it represents the intention of the people to buy again after a normal retracement on the market. Because the price was going up, there was a retracement one time, a second time, and then a huge retracement.

And when the mass of people or the mass of the traders are ready to buy again, they buy and the price just goes up. These are the moves that we want to catch.

This is really easy to be used. No need to go for complicated price action patterns, butterflies, and all colorful charts that you see many traders doing just to make you confused and to sell you different systems and strategies that are so complicated.

Failure of the recent low is not an indicator. It is a sign of weakness.

They really cannot prove to you that they are profitable. However, in my courses, I show live examples and in the Price Action Trading Course, I show real trading from using the counter trend line.

And in my recent Cryptocurrency Investment Course, I showed every single trade that I’ve been taking during the past months and I will keep recording it.

So if you want to see my live examples of how I’m trading with the counter trend line, you can have a look at these courses. But now I want to teach you how you can use it for your trading. To have a look at a more detailed chart, I will go to the hourly chart and I will explain to you how I draw it.

We have a series of higher highs and higher lows, and then we have one lower high which we call the failure of the recent low which means that at this moment, the buyers are trying to push the price higher but they fail and the price forms a lower high.

One high is lower than the other which allows me to draw the counter trend line.

price action indicator
Counter trend line on an hourly chart

This is exactly price action trading because I use the action in the price to do the drawings. And when the traders and the investors fail to take a certain high, the price forms a lower high, and the price drops, and I have the chance to draw a line.

You better stick to the simple price action trading strategies

Very simply, to draw a line you need 2 points. In this case, it is 2 highs. After the retracement, when the mass of people is ready to buy again, the price pushes again. And the moment it breaks the counter trend line is the moment for the entry. This is where I take the trades.

And just a little bit earlier before this example, we had another opportunity, another counter trend line. Again, we have a new high and then the price fails to take it which means that the resistance of the people who are selling is stronger than the buyers and they don’t allow the price to cover that top.

The price drops and this gives me the opportunity to draw the counter trend line. Then a very impulsive break of the counter trend line which happened just in one day and in this case, the price of the Bitcoin moved from 8,073 up to 8,732.

So the counter trend line is a really great price action trading technique that you can apply for any asset. There are plenty of different price action trading strategies but if you really stick to the simple ones, like this price action strategy that I demonstrate at the moment, you will have a better overview of the market.

The Fibonacci is a price indicator

You will see actually where the price is. Because if you draw too many price action indicators over the chart, or even sometimes it can be one price action indicator, it makes the chart very hard to read. I’m not going into details now but I will draw any indicator catching some of the moves. You will see that they are very colorful.

And if you put too many lines, you will really mess up and you will not see the price.

Avoid drawing too many lines

And when we are doing price action trading, the price is what’s most important. So I keep it very simple. Now, if I go to some of my recent examples from this year, actually from yesterday, you will see how my chart looks.

If I go to the hourly chart, you will see that I have colors just because I use the Fibonacci which is a great price action indicator and I use the Fibonacci to know where is my target.

price action indicator
The Fibonacci

And yesterday my target from the previous Fibonacci that I had was just reached. The price reached above 10,081 and I had my target reached which made me sell some cryptocurrencies. I have sold Chainlink, Stellar, some Ethereum because the Ethereum did a great move together with the Bitcoin.

I will show you the results of this price action trading strategy.

And usually what I do is to analyze or I do price action trading over Bitcoin but I trade the smaller cryptocurrencies because, simply, they move faster in percentages. I explained that in detail in my Cryptocurrency Investment Strategy Course.

To give you an idea where my last entries were using the counter trend line, I bought the most recent one on the 25th of July, just a few days ago. The price failed to take the high and the price broke aggressively. So I bought cryptocurrency at that moment and it was a great entry.

It was below the $10,000 and when the $10,000 was broken, you can see below where the price reached today, above $10,441.

Where the price reached today

And because I know many of you are very skeptical and they want to see actual results, I will show you some results.

I will open my Coinbase account and you will see that yesterday, on the 26th of July, I sold Chainlink. In this case, it was about €1,407 and I sold 226 of a Chainlink which I bought at a really nice price. My total investment here was €1,000.

Withdraw your funds whenever you need

So from this single trade, I have €407 which is 40.7%.

My Chainlink results

And as well, yesterday I sold Stellar. I sold €652 and my initial investment was €500, so €152 was the pure profit that I did with the Stellar.

price action trading results
My Stellar results

That’s my overall portfolio in one of the Coinbase accounts that I have.

It’s very stable going upwards and it’s in an uptrend which is very good for me.

It’s an uptrend

However, I achieve these stable results over time just by following a strict price action strategy and I have very strict money management which I explain again in the course.

And there’s a recent drop in the account because I simply recorded an example for the course and I wanted to show how to withdraw. So I did a withdrawal yesterday or this was just the profit from yesterday.

I did a withdrawal to my Visa card to show the beginner traders that with Coinbase, there are no issues to withdraw funds back to your Visa card or to your PayPal account. And by the way it happens instantly which is pretty cool. So whenever you need some money from your wallet you can withdraw it.

Do not involve emotions when trading

This is the price action trading strategy that I’ve used for so many years. Recently, I trade a lot of the cryptos because, as I said, since 2019 the market is just a normal market. The price goes up and down and it’s not as crazy as it was in 2017-2018. You can apply different price action trading strategies.

But keep in mind that whatever strategy you select to use, you need to be very strict and you should not fall under emotions because as you know, emotions are what make people lose. For example, yesterday I took some profits after the Bitcoin reached my target of 2.618 from Fibonacci and it continued higher.

If I allow myself to fall into emotions, I will say, “Alright, let me keep these cryptos longer.” And because the price is going upwards, I want more profit but I will show you what happened with these cryptos that I sold yesterday. I will click on Prices and you will see that Chainlink is down by 7.34% and the Stellar is down by 7.27%.

For some reason, since yesterday the Bitcoin is going upwards, but the Chainlink, Tezos, and Stellar are going downwards.

Bitcoin goes up
The Bitcoin is going up but the others are dropping

And if I had waited longer, I would have lost my profit. So I’m very strict. This was my target. I have recorded examples for the course.

Exactly when the profit is reached, immediately I sell it and that’s it. I’m not greedy to keep it longer or to buy again right after I have sold. I wait for the next counter trend line which still didn’t show on the chart. And by the way, my last entry was a great price action pattern.

Actually it was a flag, I know that many of you are familiar with flags.

the flag is one of the price action patterns
The flag

But I prefer just to draw the counter trend line, no need really to draw a flag. For the beginners, the flag is one of the price action patterns where we analyze if the price will go upwards or downwards after it breaks any of the lines of the flag.

So we have a move up, then we have a flag. If the price breaks upwards, it’s expected to continue higher. However, I would not rely on such price action patterns but I would rely on the trend. I would like to see the bigger picture and if we are in an uptrend, definitely I would like to buy.

And to see the bigger picture, you need to go on a daily chart to recognize that we are in an uptrend. So the very small flag that we have in the hourly chart is not really the thing that I am following. I want to know the big picture which is the trend and then I zoom it to the hourly chart to look for price action patterns.

Don’t hesitate to test this price action trading strategy

With this simple price action strategy that I demonstrated, I use just the counter-trend lines to enter the market. And, one more time, I show many examples in my trading courses and recently, especially in the Cryptocurrency Investment course and in the Price Action Trading Course.

Thank you very much for reading the lecture. If you have enjoyed it, I will really appreciate it if you share your experience in the comments below. If you have questions, let me know in the Forum.

Currency Strength Meter

Currency Strength Meter: Master Forex Trading

Currency Strength Meter

Hello, dear traders, in this lecture, I will show you one amazing Currency Strength Meter indicator. It’s called ForexProfitSupreme Meter.

Currency Strength Meter
The ForexProfitSupreme Meter

So basically, what I issued for many years is how to identify which pair to trade according to which pair is stronger, which pair is weaker at the moment, and to find the best choice for a trading pair. This ForexProfitSupreme Meter actually helps a lot.

I will show it to you straight away. Basically, I have already placed it in my MetaTrader 4. With the Forex Trading Course – London, NY & Tokyo Trading System course, you will receive it.

I hope everybody knows how to import an indicator. Quickly, I will tell it.

So, once you have it in the file, you just copy it. You go to File and then you go to Open Data folder.

Currency Strength Meter
Go to File then Open Data Folder

After that you have to go to MQL4,

Go to MQL4

you go to Indicators.

Go to Indicators

And then you paste the Indicator. Put your cursor over Indicators and click Refresh.

Right-click on Indicators then click Refresh

So after that you will see your indicator appearing. Then what do you need to do? Simply, drag it over the chart and click on OK,

Currency Strength Meter settings
Drag the indicator over the chart and click OK

and you will see this amazing thing over here, guys.

What you are going to see

It’s not a lagging Currency Strength Meter indicator

I found this indicator by chance over the internet and it was for free and I thought in the beginning that this is some joke. I thought that this is not real.

And actually it took me a couple of days to believe that this is what I see, because this indicator, guys, is not lagging indicator. What I mean by lagging indicator, as you know all other EMAs and MACD and RSI, they are based on previous price value. On the previous price bars.

This is not a lagging indicator. Basically, this Currency Strength Meter indicator shows you what is at the moment.

So, this indicator shows you which currency is strongest at the moment, which currency is weakest, and where are all the others from the major currencies. And on the left side, you can see each pair,

Currency Strength Meter
You can see each currency pair

and actually they go from 0 to 100 on the positive side.

Also, they’re going down from 0 to -100. So basically, when you have EURJPY now on the top, the EUR is on the top of all currencies, meaning that EUR is the strongest at the moment and you have NZD, CAD, USD which are weakest.

This indicator shows you the strongest and the weakest currency

You can see that they’re almost on the same level, now JPY is joining as well:

The weekest currencies are in Red

But on the left side, you will see exactly EUR against the one among those on the bottom that is the strongest.

And as you can see in this case it is against the JPY which here is actually pretty much in the middle and not on the bottom. So basically, if you look at it you will say OK, EUR is the strongest, NZD is the weakest.

So, EURNZD at the moment is the best pair to trade long. But actually, the best pair to trade long is EURJPY at the moment. And I will just go quickly to EURJPY to see if it is really going up.

I can bet you it’s going up at the moment because I now really believe in this indicator. I have been using it for a long time now and it’s one of the best indicators you can ever have for Meta Trader.

EURJPY is just going up, I will put the template that we have prepared.

So, this indicator ForexProfitSupreme Meter shows you which currency is the strongest, which currency is the weakest, where are all the rest.

The volatile currencies is what we want to trade

And on the left side you can see all the pairs, which one is on the top, which one is on the bottom. So when you’re having a strategy where you want to catch the strongest movement, the volatility on the market, you should be aiming for pairs that are on the top or on the bottom and there are above at least 90 and 95 going to 100.

Currency Strength Meter for all pairs

At the moment I don’t have anything to sell. The strongest sell would be USDCHF. NZDCHF is very quickly going down to -81. So basically, if it goes negative below -90 then I can be thinking about selling this currency.

But this is only based on the Currency Strength Meter. So this indicator shows us really well which pair has the strongest move and which pair has good potential. And at the same time we know which currency is the strongest at the moment.

I mean I always keep on one of my screens as I already told you the 6 major currencies against the USD. So at each moment, I will know which one is going up and which one is going down.

So, I know basically where the market is at the current moment, but with the ForexProfitSupreme Meter, I have a very clear view. It’s very easy to follow. And I just know that EUR is the strongest at the moment and I know that NZD and the CAD are on the bottom.

The formula behind the Currency Strength Meter is complex

So, I will go there, I will look for the setup and I will enter if I have the opportunity, when I’m trading manually like with my system, for example, that I show in the course Forex Trading Course – London, NY & Tokyo Trading System

But just put it on your Meta Trader and follow it for some time.

And I’m sure you will get used to it very quickly. I showed this Currency Strength Meter indicator to one of my students quite a long time ago before I was even recording these courses for the Academy and he was using only this ForexProfitSupreme Meter and nothing else.

He was placing it and choosing the strongest, the weakest, and he was executing the trade. So for example, he would go to EURNZD. After a little while when EUR is going down a little bit, he was taking the profit.

I can tell you that I followed his trading for a few days. He didn’t have a losing trade. He didn’t have one losing trade. It’s amazing. I mean I never focused on one indicator to base all my trading on one indicator. But really this indicator is designed to focus because it’s not lagging.

It’s not based on the previous price of the currencies and the pairs. The formula behind it is really hard.

And in the course, I have shown plenty of examples for practise

And it’s very hard at this moment for us to automate it, but it’s a really nice tool to have on your screen and to use for any trading system that you have.

This is because you will always know which pair is strong, which pair is weak, which currencies are strong, which currencies are weak, and which pair to trade.

It’s a very easy indicator. This is why I have decided to include it in the Forex Trading Course – London, NY & Tokyo Trading System.

It is very useful and I will show you in the next video how I put it in the setup and what is the setup of the whole system for this course.

And I will try my best to give you as many examples after that as I can.

Thank you, guys, for reading.


trailing stop loss

Trailing Stop Loss Strategy Example

Trailing Stop Loss Strategy.

Hello, dear traders, this is Petko Aleksandrov and in this post, I will show you 2 examples with Trailing Stop Loss that I have when selling the Bitcoin. I was actually in Japan when I was trading these positions. I was a speaker at 2 seminars; one in Osaka and one in Tokyo the day after that.

And actually, I had a long flight and I missed to trail Stop Loss so I will show you what happened. But it happens obviously. We cannot be in front of the screen for 24 hours but since there is a Stop Loss, I don’t worry about the trades.

So here is our setup,

trailing stop loss example
The setup.

You can see where is the Countertrend line. First, we had the cross of the EMAs and then we had the break of the recent low and we had the break of the Counter trend line.

So what happened then is the price made a new lower low, a new lower high and then a lower low breaks.

And it happened just before I left but I couldn’t record it. However, I succeeded to trail Stop Loss and for both positions, it is at $10,260.

Now, I will move it slowly to show you what happened after that. The price formed another lower high and another lower low.

New lower high and lower low.

Stop Loss.

So this low was broken, this lower high was confirmed and I was supposed to move the Stop Loss at 9,970/9,980.

However, I would always put it above the 10,000, above the round number like 10,060. But, one more time, I missed to trail it because I was on board.

Actually, the price went up, it broke this high.

trailing stop loss
The price went up.

So if I was having the trailing Stop Loss here I would be out. And actually, I would be out on profit with the 2 positions because you can see where my entry price is, at 10,409 and at 10,111.

The entry price.

And now the price actually continued lower

Trailing Stop Loss
The price goes lower.

which makes me think that at the current moment, this level of 10,200, 10,150, or the range between 10,150 up to 10,250 is important for the current market situation and the price fails to take it for the third time. 1 time, 2 times, 3 times. But at the same time, this lower high was broken.

And it was broken very aggressively which gives me the sign that the price might reverse upwards. So I have 2 options now, one is to leave the Stop Loss where it is because I have missed to trail it.

And it will be above these levels. Second is I will drag it where it was supposed to be trailed. 10,060, for example, or 10,000.

Trailing Stop Loss secures more profits.

I think 10,060 will be too high, probably about 10,030 or 10,020. I want to be above the round number. So if I move the trail Stop Loss there, I will still give the chance for the 2 positions to go on a profit if the price continues lower.

And at the same time, if the price reverses, I will have the 2 positions on profit. I will make it a little bit lower at 10,020.

The coordinates.

I don’t want to give another $40 there. So 10,020, you can see it’s above this high and at the same time, it’s above 10,000 round number.

Anyway, it was broken but still, it is 10,000. So, one more time, this is how it was supposed to be. I was supposed to trail stop loss and the 2 positions were supposed to be closed. So what I will do, I will just leave it there and see what happens.

If it hits the Stop Loss and the 2 positions close, this is like I’m following the strategy as it was to happen. But at the same time, I will give the chance now to the price to go downwards and I will continue trailing it if the price continues downwards. So let me just modify now to 10,020.

Feel free to ask questions.

I will modify here 10,020.

trailing stop loss
Modifying the stop.

And I click on save. And then I will edit the other one 10,020, I click on save and the stop is right here now.

The new stop.

So I will continue when the price either breaks the trailing Stop Loss or when it continues lower. One more time, it happens that we will miss the trail, the Stop Loss, or you will miss taking some profit.

This is part of the trading. But having the trailing Stop Loss is important and it makes me relaxed even when I’m traveling. Because, if the price goes against me, I’m not risking a lot of the capital.

And in this way, when I’m using the trailing Stop Loss at this level of 10,020, I actually don’t risk anything right now.

If the price goes upwards and hits this level, I will be out even on a profit. So no losses. And I think the chance the price to reverse upwards is huge because, one more time, this high breaks here aggressively.

And I can see the price failing here to take the new low and we’ll see what happens. I will continue with the example. Don’t hesitate to ask questions if you have in the Forum.

Cheers guys.