Tommy Fx

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Transcript of Tommy Fx

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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

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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

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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.