Tommy Fx
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Transcript of Tommy Fx
![Page 1: Tommy Fx](https://reader030.fdocument.pub/reader030/viewer/2022021318/577cc5031a28aba7119afc04/html5/thumbnails/1.jpg)
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Copyright 2011 © TommyForex.com
All rights reserved. Unauthorized resell or copying of this material is unlawful. No portion of this eBook may be copied or resold without written
permission. TommyForex.com reserves the right to use the full force of the law in the protection of its intellectual property including the
contents, ideas, and expressions contained herein.
This report is designed to provide helpful advice regarding the subject matter(s) covered. The author and distributors do not engage in the practice
of providing legal or professional advice and that the laws and regulations governing the subject(s) covered in this report may vary from state to
state, and country to country. It is understood that the author and distributors of this report specifically disclaim any liability that is incurred from
the use, application, or recommendations of this report. The author and distributors make no representations, warranties, or claims whatsoever
regarding the accuracy, effectiveness, legality or completeness of the information included in this report, include any and all links, references,
content, and recommendations therein. The author and distributors shall in no way be held liable for any loss or other damages, including but not
limited to special, incidental, consequential, accidental, or other damages. Legal, professional, tax, accounting, and any other forms of advice
should be sought from a professional and is in no way implied in this report. Any and all links and recommendations are for instructional and
informational purposes only and are not warranted or guaranteed for accuracy, content, reliability, or reputation, or any other expressed or
implied purpose.
Disclaimer
Every individual investor’s success depends on his or her own background, instruction, devotion, dedication, perseverance, as piration and
inspiration. As with any business endeavor there is always the possibility of loss of capital and there is no guarantee the use of this book will
result in profits or success. The information enclosed herein is intended strictly for instructive purposes. Nothing in this publication should be
construed as an approval to buy or sell any security or to offer any investment counsel. It is possible the author of this book at this or a subsequent
time in the future may own, buy, or sell securities discussed. Information provided herein has been obtained from sources believed to be reliable
but no guarantee is made as to their precision or comprehensiveness. The advice of a knowledgeable legal, tax, accounting, or business professional should be sought at all times.
U.S. Government Required Disclaimer – Trading foreign exchange markets 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 the Forex market, 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. Readers of this
publication should also be aware of the following CFTC disclosure rule 4.41 regarding hypothetical performance results:
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL
PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE
NOT BEEN ACTUALLY 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 MADE
THAT ANY USE OF THIS INFORMATION WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
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Introduction
Hello and thank you for choosing to buy my system.
As you probably already know – my name is Tommy B.
I’m assuming you read what I wrote on my website where you purchased this
system.
So, I’m not going to go into my life-story again...
I’m just going to get right to showing you how I trade Forex.
I’m really excited that you’re allowing me to show you what I know and how I
trade.
There is so much garbage out there in Forex – I hope this system will be YOUR
guiding light in the sea of scams.
You’re probably not going to become an over -night millionaire with what I’m
going to show you (I’m certainly not!).
But, there should be more than enough to really get you started on the road to
trading profitably!
Right, that’s enough from me. Let’s learn this system!
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Getting Setup
I use 3 moving averages on my charts.
They are the 48, 24 and 12 Exponential Moving Averages.
There is nothing particularly “special” about these exact numbers – but I’m very
comfortable using them in my system and have used them for a long time.
Pretty much all trading/charting software will have moving averages on them.
I typically use Metatrader for charting as it’s nice and simple.
I have nothing else on my charts apart from these three MAs (moving averages).
My charts look like this:
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The Methods
I mainly trade three different methods in my system.
I’m going to go through the first method now.
I’d like to point out here:
ALL THREE METHODS I’M GOING TO SHOW YOU WORK ON ANY PAIR
AND ANY TIMEFRAME
Method #1
For a sell setup we want the 12ema to be below the 24ema; and the 24ema to be
below the 48ema.
Once we get this we know that the trend is down.
We’re then looking for the candles to pull back into the MAs.
Once they pull back we enter on the next candle to close below the 12ema – that’sour sell setup:
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I place my stoploss above the HIGH of the pullback.
I vary when I take my profit – but most of the time I will take it at two points.
#1 – when I’m up around 1.5:1 (that means, when I’m in profit by around 1.5x the
amount of pips I risked then I’ll take profit).
and
#2 – on the next candle to close above the 12ema by a few pips (not just on the
line!) then I’ll exit – like this:
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That’s all there is to this entry method.
I’ll show you a buy version so that you know how that looks:
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Method #2
This method requires the MAs to be in the correct order (just like the first method).
We’re not watching candles this time though – we’re watching for breaks of small
trendlines that appear.
We enter when these trendlines break – like this:
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The stoplosses and take-profit I use are just the same as the first method.
Here are a few more examples:
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Method #3
This final method is similar to the first method.
Again we want the MAs to line up just like the first two methods.
However, this time, we’re looking for the 12ema to cross to the other side of the
24ema.
Once this happens – we enter on the next candle to close below the 24ema (for a
sell); or above the 24ema (for a buy).
Like this:
Again, the stoplosses and take-profit levels are the same as the first two methods (I
like to keep it simple and easy!).
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Here’s a chart of two buy setups with this method (1-hour chart):
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That’s all there is to how I trade every day.
I want to thank you again or giving me the chance to show you exactly how I trade
Forex.
I really urge you to read through this again. Once you’ve done that then I
recommend that you start trading it right away.
You’ll understand that it’s no “magic pill” – but this system really does work.
Give it a little time and patience and you WILL be rewarded!
Thank you again – Tommy B.