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This forex trading method took me by surprise, I must allow, I was anticipating more of the same, a woolly, half baked idea put together to sell to the naive traders. What I found was an especially accurate, 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 I am :). As my blog subscribers know, my method of trading consists mostly of scalps and reversals, never have been much of a trend trader, choosing exhaustion points, for quick and sharp move, which fill the pockets nicely. Now, this Forex Rebellion system does both as it can be used as a trend following method and is good at establishing confirmed trend exhaustion. This is great as it can often get into a new trend, and those trades are invaluable.
Being keen I immediately put the method to the run in the real world, opened 2 trades and made around 50 pips each in 2 hours. Now 2 hours is an eternity for me, 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 trust it very quickly and am learning to add to my fast intraday frame of mind, by taking ¼ position off after the initial push and manage the rest. I usually use my own methods only, the Forex trading method just added another winning strategy to an already good stockpile.
How easy is it to use?:
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 user guide is great, no fluff, no nonsense, easy to use PDF and for those too lazy to read, like me, a load of mini videos, detailing all, setup, entry, stops, exits, the whole method, this guy is a good 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 Approach:
A highly visual signal is shown for either short or long entry, entry point is visual too and is ahead, so that you don't enter at ticker value but set a limit order. The stop losses are clear to see and are simplicity itself as are the target and trailing stops once you're in the money. (In all the trades I took, the price never came near the stop order), that is not to say that it will never happen, it will. Money management is not difficult, as all is clear and you can calculate position size accordingly. Of course not all trades will be winners, however, Russ has figured a plan to reverse a losing trade and profit from that, excellent. There are some extra free methods that help you select a high probability trade and videos on money management and emotions.
Conclusions:
If you are going to invest at all on both educating yourself and getting a mega system, 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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