Part II
Tools and Strategies
The foundation for trading trends needs to be developed and understood in order to trade a trend. In Part I, I laid the foundation for success for a trader who is focused on attacking trends. This all needs to happen before a trader can properly analyze or execute a trade. Develop the foundation and you will be a better trader.
Part II of the book will show how to attack currency trends that allow traders to make the most money with the least amount of risk. It will introduce in detail the tools needed to trade trends effectively. The tools will be used to help anticipate trends, define risk, get on trends, stay on trends, control fear, and exit trends. You will continue to connect the dots that allow for trading success. All strategies outlined in Part II will focus on the foundation developed in Part I. There will be no stray concepts or ideas. It is all about trends, risk, and fear.
Chapter 7 focuses on the moving averages. I explain which moving averages I use, why, and the special clues that they give to help traders anticipate the currency trends. I also introduce the chart time periods I use in my analysis. In Chapter 8, I delve further into trend lines and remembered lines and give examples of the key patterns I look for and what those patterns imply with regard to anticipating and trading trends with more success. In Chapter 9, the focus is on Fibonacci retracements. I go through the derivation, how the levels are set and how the retracements ...
