If the indicator can establish a time when there's an improved chance that a trend has begun, you are tilting the odds in your favour. The indication that a trend might be forming is called a breakout. A breakout is when the price moves beyond the highest high or the lowest low for a specified number of days. For example, a 20-day breakout to the upside is when the price goes above the highest high of the last 20 days.
The ‘Elliot Wave Theory’, named after Ralph Elliot, is one of the oldest forex strategies. He analyzed the stock price data for around 70 years and found out that human psychology (emotions, fear and greed) drove the market and that it moved iteratively. This is to say that the market switches between optimistic and pessimistic modes. In this strategy, the motive phase unfurls in 5 steps.

Divergence is a tool that helps the traders to learn the price behavior of the currency. This analysis generates patterns that will help to predict the direction of movement of the currency rates. Divergence, a leading indicator, helps traders to significantly increase their profits. This is because the likelihood of trading in the right direction and at the right time increases if this indicator is used along with others such as Moving Averages, Stochastics, RSI, Support and Resistance levels, etc.
There is an additional rule for trading when the market state is more favourable to the system. This rule is designed to filter out breakouts that go against the long-term trend. In short, you look at the 25-day moving average (MA) and the 300-day moving average. The direction of the shorter moving average determines the direction that is permitted. This rule states that you can only go:
Of the past 15 years, Forex Mentor has marketed dozens of “get rich quick” Forex trading educational products. Currently, there are over 20 educational products for sale on the website. To list each product would be mundane. To give you a prime example of the marketing hype, I have included the flagship product titled “The Big Dog Currency Trading System”.
For many years, Vic has been very passionate about helping our members, and now, with the addition of Darko to the team, you have two mentors who are 100% dedicated to providing the best Forex training on the internet. The Pre-Market Analysis videos that Darko records every day are second to none, and when you hear the confidence and conviction in his voice, you can’t help but be very inspired. We’re very confident that the Coach’s Corner is the last training resource you’ll ever need!
Coach's Corner was developed by long time trading coach and commodities broker VIC NOBLE in early 2006. After working with high net worth clients, and providing personal coaching services to traders, Vic saw a huge need for trader education. Leaning on his years of experience, and viewing the habits and attributes of both the losing and winning traders, he started the Coach’s Corner mentoring service in order to help traders avoid the common pitfalls, and to provide a sound trading approach that is not just technically based, but one that encompasses many other factors, notably the very difficult psychological challenges that trading presents.
I have been totally blown away by all of the information you have been providing us! I have been getting my trading education over the past 11 months and it always seems that people will only give you part of the information and always leave out the most important parts. And I am talking about information that I am paying for! You my friend give us the full meal deal and we are so grateful for that. You Rock!!
Risk Disclosure Statement: Trading currencies on margin involves a high level of risk which may not be suitable for all investors. Leverage can work against you just as easily as it can work for you. Before deciding to trade currencies you should carefully consider your trading and financial objectives, level of experience, and appetite for risk. The possibility exists that you could sustain a loss of some, or possibly all of your trading capital. Therefore, you should not fund a trading account with money that you cannot afford to lose. It is recommended that you seek advice from an accredited financial advisor if you have any doubts as to whether currency trading is right for you. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. Any losses incurred by traders unsuccessful in applying these ideas or methods are the sole responsibility of the trader and ForexMentorPro.com and its principals, contractors and assigns will be held safe from prosecution in any form.
On November 1, 2017, Darko Ali joined Vic Noble as a trading coach and mentor. Darko was a losing trader for many years until he made a fundamental shift in his attitude toward trading. That was in April 2016, and he has been profitable ever since. Darko’s simplistic yet highly effective teaching approach has attracted rave reviews from our CC members, but of particular note are the Pre-Market Analysis (PMA) videos that he provides, in advance, for the CC members every single day – all included in the CC subscription price. This service alone is a resource that is second to none on the internet. But don’t take our word for it. See the testimonials below (and we have many, many more).
Of the past 15 years, Forex Mentor has marketed dozens of “get rich quick” Forex trading educational products. Currently, there are over 20 educational products for sale on the website. To list each product would be mundane. To give you a prime example of the marketing hype, I have included the flagship product titled “The Big Dog Currency Trading System”.
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