The Forex Cash Cow strategy is truly amazing. I consider it by far my best Price Driven Forex Trading (PDFT) swing trading strategy. This incredible system is 100% mechanical, this means it requires ABSOLUTELY NO discretion, interpretention, or judgment. You will simply learn to follow strict rules: if A = B then do C!Since it is a PDFT strategy you will not use ANY type of indicators, the only thing you will need to know is the price of the currency pair you are trading.It truly takes 1 minute per week to implement this strategy, making it perfect for people who do not have the necessary time to monitor the market. In fact, I constantly get emails from Forex Cash Cow traders who say they are making more money trading this system than at their current day jobs!Let's look at how easy it is to trade the Forex Cash Cow strategy:
Every day after the end of the trading day the trader checks to see if condition one of the system has been met. No interpretation or judgment, it is either yes or no, black or white! This step takes exactly 10 seconds. If condition one has not been met, nothing happens. If met it means there could be an entry signal the next trading day (the trader already knows to what direction, long or short) and step 2 comes into play.
The next day the trader simply enters three types of orders with his or her broker: a limit order for initiating the trade, a stop loss order to limit risk and a profit objective. All these three numbers are exact pre-set numbers that you will learn how to calculate in less then 10 seconds. Again, no interpretation or judgment, just follow exact rules.
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Wednesday, May 13, 2009
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