This forex trading method took me by surprise, I must admit, I was expecting more of the same, another silly idea put together to unleash on the unsuspecting public. What I found was an especially welldefined, well thought out system and when I watched some of the videos on the sales site, it was clear that Russ Horn is a trader and a pretty good one at that|is a traders trader|as decent a trader as yours trully :). As my regular readers know, my method of trading consists primarily of intraday moves and trend reversals, never have been much of a trend trader, choosing trend end indicators, for quick and sharp move, which serve me well. Ok, this Forex Rebellion system does both as it can be traded as a trend following system and is great at establishing confirmed trend exhaustion. This is awesome as it can often get into a new trend, and those trades are priceless.
Being excited I immediately put the system to the test in the real marketplace, opened 2 trades and made around 50 pips each in 2 hours. Now 2 hours is an eternity for my trading style, but I managed to stay in the trade. Needless to say I could have had another 20 pips or so, and that's what is so good about forex rebellion, I have come to accept the signal very quickly and am learning to expand my scalper mentality, by taking ¼ position off after the initial push and exit in stages with the rest. I usually use my own methods only, the Forex trading method just added another winning strategy to an already good stockpile.
Is it easy to set up?:
Ok, if you've been using MT4 (Metaquotes free charting package) for a while, you can set it up in a few minutes. If not, Russ has produced a few videos displaying exactly what to do, he's even automated some of the process for you.
The documentation is great, no hype, no beating about the bush, easy to use PDF and for those too lazy to read, a lot of mini videos, detailing all, setup, entry, stops, exits, the whole method, this guy is an excellent coach too. Each video is only 4 - 9 minutes long and there are numerous live trade videos for those (like me) who learn by example.
The Method:
A remarkably visual signal is issued for either short or long, entry point is highly visual too and is ahead, so that you don't enter at ticker value but enter a stop/limit order. The stop losses are clear to see and are simplicity itself as are the target and trailing once you're in showing profit. (In all the trades I took, the price never came near the original stops), that is not to say that it will never happen, it will. Money management is easy, as all is crystal clear and you can adjust sizes accordingly. Of course not all trades will be winners, however, Russ has figured a plan to reverse a losing trade and profit from that, splendid. There are some extra free methods that help you select a high probability trade and videos on money management and emotions.
In my opinion:
If you are going to spend any money at all on both educating yourself and getting a great method, at $97.00 this is cheap, it's worth far more in my view and I wouldn't be surprised if demand pushes the price up.
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