Are you satisfied with your trading style? If not, do you know what is the best trading style to adopt?
From what I see, many love capturing the top and bottom. Yet most of them never succeed. So why do traders bent on doing that ?
Simply because such trading system offers you the highest reward and lowest risk. If someone offers you a $100 gain for every $1 risk, would you take that chance? I think anyone in the right mind would.
After all, life is all about taking risks! We alway take risks because we want to achieve our inner desires.
For successful forex traders, they alway want to take the smallest risk in exchange for the biggest gain whenever the market offers. This is not a gamble. This is call taking calculated risk.
This is why you will want to look for a trend trading system that can get you right into the start of a new trend. This is when risk is limited and the rewards are explosive. It must help you to identify either the end of a reverse-trend or the continuation of an existing trend.
It will never tell you to trade against the trend where hundreds of thousands of traders are against you.
So how do you conclude the beginning, the end or the continuation of a trend?
John Chen, creator of Trend Forex 2.0 is a devotee to trend trading. All his previous trading system, indicators and softwares have only one purpose. That is to identify the start, end and continuation of a trend.
Pls read on to know how you can use Trend Forex System to effectively capture Top and Bottom of every swing.
Our Rating : 8.5 / 10 One of the few trend system that allows trader to lock-in and
breakeven fast at the beginning of a trend reversal or continuation.
Rating Breakdown
Strategy Profitability:
9/10 ( Low risk, great R/R and
high winning probability )
First of all, he is not related to the famous movie director, John Woo.
He is a full time forex trader in Singapore. He has been making a full time living from the forex market since he cracked his "own code". But then, he wanted more. He wanted to be famous with his acute trading skills and knowledge.
He released his first trading course named the Profitable Trend Forex System. It was then that the forex community took notice of him. He gave new ideas on the possible ways to tap on trend as soon as they change and reduce risk/reward ratio better.
1. A proprietary Trend Trading System of John Chen. The system includes 3 strategies, entry/exit rules, money management and other essential materials.
2. All indicators to complement the trading system
1. The current Trend Forex 2.0 is an improvement over the earlier Trend Forex V1.0 trading system. More than 1622 traders have already benefited from the earlier trading system and now John Chen has taken this trading system to another level with better risk control, precise entry and profits trailing
2. You are given an Buy/Sell indicator to help you make accurate decision. Manual Trading can be a 50/50 thing so this indicator helps you to make more accurate decision.
3. The concepts applied allow you to capture near top and bottom safety and decrease your risk and increase rewards substantiously.
4. The entry, exit and money management techniques work well together and have produced consistent results over the past 9 years. Below are some important trading statistics.
Trading Statistics
1. Winning Rate = 83.56% winning rate over 9 year period
2. Average win size = 2.93 times larger than average losses
Chart Examples -
Understand John Chen's Trading Concepts
John loves to catch tops and bottoms of all swings . I have bought 3 of his product and all of them are trying to do that. So naturally you will find all his course, products and software trying that.
I am guilty at it too and I would have made much more money if I just try to follow the trend more than trying to outguess the market.
Forex trading is extremely lucrative if you can catch the tops/bottoms because of the low risk/reward ratio but you also need to ride it patiently till it ends. That's where many traders failed.
So do take note of that if you are going to use the Trend Forex system. Believe the system and never get out till your rules say so.
If there is one thing you need to add to John trading system, that is learn to identify reversal candles. Your winning probability is going to shoot sky-high using John trading system.
John, did you hear that ? :)
Ok, below is one of the trade I would take with John's Trend Shadow Trading system. (This is not the full version of his Trend Forex 2.0)
You should never be impressed by any dollar profits shown by the vendor. They are irrelevant to you as one could have a million dollar to trade and even 1 pip dollar-gain looks impressive.
What matters are the stop loss, profit target, consecutive wins and losses. They give you an idea on the profitability and substainability of a trading system.
Let's analyse those parameters from John Chen's a/c statement to understand the kind of trading results you should expect.
Consecutive Losses
There is 0 loss inside the trading statement. Now how about a trading system that never lose? Nah Impossible man ! Lets ignore it ....
Consecutive Wins
23 consecutive wins that the trading system has generated. I guess the system hit its jackpot month. Nothing useful here. Looking at those stats only give you unrealistic expectations.
Average Risk Taken
From the trades below, you could see that the system uses a stoploss of 0 pip to 60 pips. This means your maximum damage is 60 pips.
The system also uses a trailing system to lock in at breakeven. This is a good practice. The best trades never come back to your entry point.
Ok lets look at the profit target to determine the risk/reward ratio.
Average Profit Taken
The average profits taken are between 1 pip to 112 pips. So compare 112 pips with maximum loss at 60 pips, we get a 1.86 positive expectancy.
I do believe the profit can be stretched using trailing as John Chen has taken all the profits on the same day.
So far so good, although I don't believe a system can have 0 loss but we can conclude that this trading system has a very high winning probability.
Combined with a outstanding reward/risk system, your capital should grow most of the time.
1. This trading system needs a trend to trade. Without any obvious trend, the system will not generate any signals.
Adding the fact that currency market only trends 10%-20% of the time. You may not get as many trades compare to a conventional intra-day scalping strategy.
If you are looking for more trades, you could try LMT Forex Formula. It is a trading software that can alert you to minor swings using 1Hr and 4Hr timeframe.
Our Rating : 8.5 / 10 One of the few trend system that allows trader to lock-in and
breakeven fast at the beginning of a trend reversal or continuation.
Rating Breakdown
Strategy Profitability:
9/10 ( Low risk, great R/R and
high winning probability )
