With this system, the moving averages are used to filter and identify a strong market trend, taking into account the existence of a price action at the trend lines. Then a confluence of support or resistance levels (such as Fibonacci levels, round numbers, previous highs or lows, etc.) are identified. A lower time frame chart is then used to determine the counter trend line and price is then being waited to break this line and then makes a pull back, from which an entry is made. This entire strategy is being referred to as Breakout, Pullback & Continuation (BPC).
The system also utilises chart formations like the flags, triangles and wedges that are considered to be good signals about the turning points in the market. There are also sections covering capital management, trade management and risk reward ratios, which are essential for beginners and intermediate traders alike.
A highlight of the contents in the manual is as follows:
- Description of the most profitable and proven formations which have been used by institutional traders
- Description of the real operations of the market, levels of support and resistance, round numbers, trend lines, and countertrends
- How to use the confluence – a tool used by the most experienced traders for predicting market turning points effectively
- Determining which entry is “the safest” and why
- Knowing when you shouldn’t enter the market, even though there is a clear signal
- Ways to choose exit points from the market for the most profitable formations: flags
- System principles to make trading easier and to not forget some significant elements of the system
- Carefully described and illustrated with dozens of screenshots of where markets often “turn back”, where the trend ends and starts new movement
The complete TFSWF package includes:
- The Manual: "TFSWF - Trend Following System With Formations Version 2.0". It contains over 380 illustrations and over 270 pages in PDF format.
- A Zip file with indicators and tables for the system (These indicators work in Metatrader MT4)
- The system’s summary on one page (actual cheat sheet) - to print and use each day before entering the market
- BONUS #1: A supporting manual with 57 examples of Breakout, Pullback & Continuation (BPC), Stop loss and Entry levels illustrations with 137 illustrative charts
- BONUS #2: A 54-page interview with Dr. Dariusz Swierk on the conclusions from the research on the best traders, the causes of successes, failures, problems in the path of development and how to solve them
- BONUS #3: A Special Report: Illusion that Takes Away Your Money" by Dr. Dariusz Swierk that discusses the psychological aspects of Forex trading and how the right mentality can improve your trading results dramatically
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