Day trade forex system. Advanced course.pdf

The Day Trade Forex System:

Advanced Training Course

By Cynthia Macy and Erol Bortucene

________________________________________________________________

RISKS DISCLAIMER

Erol Bortucene/Cynthia Macy, Owners of DayTradeForex.com and any of their affiliates, will not be held responsible for

the reliability or accuracy of the information available in this document. The content provided is put forward in good

faith and believed to be accurate, however, there are no explicit or implicit warranties of accuracy or guarantees

that the readers of this course will make profits trading Currencies. The reader agrees not to hold Erol Bortucene

or Cynthia Macy, or any of its affiliates, liable for decisions that are based on information from The Day Trade

Forex System.

Margined Currency Trading is an extremely risky form of investment and is only suitable for individuals and institutions

capable of handling the potential losses it entails. The funds in an account that is trading at maximum leverage may be

completely lost if the position(s) held in the account experiences one percent swing in value. Given the possibility of

losing one's entire investment, speculation in the foreign exchange market should only be conducted with risk capital

funds that, if lost, will not significantly affect the investor’s financial well-being. There is no guarantee that readers of this

document or our websites will make money. Readers use the information and links entirely at their own risk. Erol

Bortucene/Cynthia Macy owners of DayTradeForex.com do not accept any liability in respect of any loss or damage

arising from or in connection with any use of the information on or accessed through this document or our company

websites. All intellectual property rights in this report remain the property of DayTradeForex.com

electronic, mechanical, recording or otherwise without the prior permission of DayTradeForex.com

If you have received this ebook for free or in a trade or you have seen it or purchased it on an auction site, it is

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revised 11-17-04

TABLE OF CONTENTS

Chapter 1. Page 5 Introduction to Our Preferred Brokerage

A. Page 6 An Important Tip About Funding Your Free Demo

Account

B. Page 6 Learning How to Set Up Your Chart

C. Page 6 Quick Tips for Setting Up Your Chart

Chapter 2. Page 7 A Quick Review of the Basic Course

Chapter 3. Page 8 Introduction to the Advanced Indicators

Chapter 4. Page 8 About the Advanced Indicators – a Basic Review

A. Page 9 Moving Average Crossover Combos

B. Page 10 Bollinger Bands

C. Page 10 The Chaos Awesome Oscillator

D. Page 11 The Momentum Indicator

E. Page 12 The Moving Average of Relative Strength Index

F. Page 12 The Directional Momentum System

G. Page 13 StochasticRSI Oscillator

H. Page 13 Support and Resistance

Chapter 5. Page 14 In-Depth Tips on How to Use the Advanced

Indicators

Chapter 6. Page 17 Discovering Your Trading Personality

A. Page 17 What Kind of Trader Are YOU?

1. Day Trader

2. Swing Trader

3. Position Trader

B. Page 18 Ideas About Trading in the Different Time Frames

Chapter 7. Page 19 Putting the Indicators Onto Your Trading Platform

Chapter 8. Page 20 Try a Faster Time Frame!

Chapter 9. Page 21 The BEST Time To Trade!

Chapter 10. Page 22 Daily Forecast Websites

Chapter 11. Page 22 The Daily Trading Sheet

Chapter 12. Page 23 Money Management

A. Page 24 Number of Trading Lots to Use

B. Page 24 A Simple Table Risking 5% in a Mini Account

C. Page 25 How Much the Mini or Full Lots are Worth in

EUR/USD

D. Page 25 Margin Usage and Introduction to Hedging

Chapter 13. Page 26 The Importance of Entry Vs. Exit

Chapter 14. Page 27 The Importance of Discipline

Chapter 15. Page 28 The Importance of Controlling Risk

Chapter 16. Page 28 How to Use Stops To Control Your Risk

Chapter 17. Page 30 Preserving Your Profits (Trailing Stops)

Chapter 18. Page 31 How To Find Tops and Bottoms

Chapter 19. Page 32 Keep Your Eye on the 50 Day Moving Average

Chapter 20. Page 32 Trade The News Releases

Page 33 Playing The News Using a Low-Risk Straddle

Chapter 21. Page 34 The Basic Trading Strategy: “Lazy & Safe!”

A. Page 36 “Lazy & Safe!” Screenshot in the 10 Minute Chart

Chapter 22. Page 37 Advanced Trading Strategies

A. Page 37 “Ride the Wave” in the 1, 5 or 10 Minute Chart

1. Page 39 “Ride the Wave” Screenshot in a 1 Minute Chart

2. Page 40 “Ride the Wave” Screenshot in a 10 Minute Chart

B. Page 41 “Follow the Money!” in any Time Frame

1. Page 42 “Follow the Money!” in a 1 Minute Chart

2. Page 43 “Follow the Money!” in a 10 Minute Charting

3. Page 44 “Follow the Money!” in a 30 Minute Chart

C. Page 45 “The Secret Weapon” in any Time Frame

1. Page 47 “The Secret Weapon” Playing a News Release in a

1 Minute Chart

2. Page 49 Playing the Same News Release in a 15 Minute

Chart

3. Page 50 “The Secret Weapon” in a 5 Minute Chart

4. Page 51 “The Secret Weapon” in a 10 Minute Chart

5. Page 52 “The Secret Weapon” in a 30 Minute Chart

a. Page 53 More “Secret Weapon” Advanced Trading Tips

b. Page 53 Protecting Your Profits

c. Page 54 How to Use and Interpret SMA in “The Secret

Weapon”

Chapter 23. Page 55 Chart Settings To Best Avoid Whipsaws and

Capture The Bigger Trend in any Time Frame

A. Page 55 “Work Smarter, Not Harder!” Chart Set Up

B. Page 57 5 Minute Screenshot

C. Page 58 5 Minute Screenshot for Two Currency Pairs

D. Page 58 15 Minute Screenshot

E. Page 59 30 Minute Screenshot

Chapter 24. Page 61 CMS Automated Trading Systems

A. Page 61 Manually Place Your Own Trades Using the Signals

B. Page 61 Turn on the Automated System to Trade For You

C. Page 61 How to Put The Trading System Onto Your Chart

D. Page 62 How to Set Up Your Trading System to Auto-Trade

Page 63 Screenshot of VT Navigator w/Schaffer Trend Cycle

Auto Trading System in a 15 Minute Chart

Page 64 Screenshot of Two Currency Pairs in a 15 Min Chart

Page 65 Tips For Using The Schaff Trend Cycle System

E. Page 66 The Simple MACD System, but with Tweaked

Parameters to match “Work Smarter, Not Harder!”

Page 67 Screenshot of Two Currency Pairs in a 1 hour Chart

Using the Tweaked Simple MACD System

Page 68 Screenshot of Two Currency Pairs in a 5 Min Chart

Using the Tweaked Simple MACD System

Page 69 Screenshot of GBP/USD in a 5 min and 2 hr Chart

Using the Tweaked Simple MACD System

Chapter 25. Page 70 Hedging: To Hedge or Not to Hedge, That is the

Question!

A. Page 70 Hedging Does NOT Use up More Margin!

B. Page 70 The Realities of Hedging

C. Page 71 How to Hedge Safely

Chapter 26. Page 72 The Learning Curve

A. Page 72 Remember ** WHY ** We Want to Day Trade Vs.

Position Trade?

B. Page 74 The Tao of Trading

Chapter 27. Page 75 Introduction to 'The Psychology of Trading “In The

Zone”

Chapter 28. Page 77 Opening a Live Trading Account with CMS, GFT, or

FXCM

Chapter 29. Page 82 Bonus: Winning Flag Formations With an 80% Win

Ratio

Page 88 The “M” and “W” Chart Patterns

Chapter 30. Page 89 How 20 Pips a Day Can Make You Rich in 1 Year!

Thank you for purchasing our course!

We are dedicated to your success and will help you in any way we can.

For questions, please feel free to email us at: support@daytradeforex.com

The Day Trade Forex System:

Advanced Training Course

Dear Forex Trader,

Now that you've mastered the basics of Forex trading by reading our beginner's

course offered at http://www.daytradeforex.com , you are ready for the more

advanced system, offered at http://www.daytradeforex.com/advanced.htm . This

advanced system will be explained in more detail since you've already grasped

the language and the basics of forex trading. We also have a new course that

specializes in the Eur/Usd called the Euro Fractal Trading Method, available here

to check out: http://www.daytradeforex.com/euro.htm

Chapter 1

INTRODUCTION TO OUR PREFERRED BROKERAGE

Please keep in mind that we recommend using the CMS-forex Visual Trading

(VT) platform and that all course material is geared towards using this platform. If

you want to get the most out of our course, you might consider opening a new

demo and live trading account at http://www.cms-forex.com .

The charting and the live data feed are FREE, the technical indicators they offer

are superior, you can trade right off the charts, there are no commissions to

trade, and you get 400:1 margin leverage. Plus, they offer full hedging

capabilities on all open positions without using additional margin!

However, most of the indicators we teach in this course, except for a few, are

available on most any other trading platform. If you would prefer to use a

different brokerage/trading platform other than CMS, we recommend both FXCM

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