Modular Grease Trap (MGT), Modular Grease Trap Series (MGTS)
Double+Trend+Trap+Strategy+Guide
Transcript of Double+Trend+Trap+Strategy+Guide
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The 6 Simple Steps to Our
Ultimate Intra-Day Strategy
(The Strategy We Use in our Trading Room Every Day)
**Please Note:
This is a Made Simple report o! our strategy" There is no #ay #e $ould e%plain the
intri$a$ies o! our $omplete trading strategy& methodologies& e%$eptions& $hanges& et$" in
one 'asi$ report"
This is #hy #e highly en$ourage people to $ontinue their edu$ation #ith us"
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( Strategy""" That )O+S,
In this Strategy Report, we are going to teach you a simple and effective strategy that will work in the
Forex Market.
It works because it uses fundamental principles in trading that have been proven over time. hat!s
why we use this in our rading Room, our Signals and our own personal accounts.
"ere!s a simple shot of how the Market moves.
It trends& $onsolidates and 'reas through again" This happens $onstantly in the Maret"
he Report explains how we take advantage of the structural market movement on an every
day basis.
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Step One:
De!ine the trend on the Daily and . /our 0hart"
#$efining the rend% seems like a simple and obvious step, but it is &M&'I() how many people get
caught up in the moment of whatever chart they are looking at and don!t even think to check the
other ime Frames to see if longer term momentum is on their side.
So (1)(2S no# #hat dire$tion the Trend is on the ./ and Daily 0hart""" (l#ays,
emem'er& #e $an3t Trap the trend i! #e don3t no# #hat the trend is"
$efining the trend does not have to be a complicated set of rules. & simple look at the charts and
determining whether *rice is consistently going +*, consistently going $-(, or moving in an overall
sideways direction will tell you what the trend is.
If you are someone who really likes rulebased thinking, you can do this/
*ut a 011, 211, and 31 Simple Moving &verage on your chart. If the *rice is above all 4 of those on the
$aily and 5"R, it is an uptrend. If it is below all 4, it is downtrend, and if price is back and forth
between them and crossing in and out, it is a sideways market.
(ot surprisingly, we are only looking for trades in the direction of the $efined rend.
If the trend is +* 67ullish8 we are looking for 7uys.
If the trend is $-( 67earish8 we are looking for Sells.
&gain, it seems simple, but 9ust sticking to the :2 Rule of defining the rend and sticking to that
direction gives you a big ;dge... and we still have four more steps to go
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Step T#o:
1oo !or the Opportunity
==(ote/ Step 0 may come off a bit confusing at first, but when you understand the whole pu>>le, it
makes a lot of sense, so 9ust bare with us and keep on reading /8
( trading opportunity o$$urs #hen the Maret starts mo4ing in the opposite dire$tion o! our
de!ined trend" I! the de!ined trend is Up 5or ullish7& an opportunity #ould 'e #hen #e see the
maret 'egin to mo4e do#n"
In short, the opportunity is the area that!s circled in red/
-hy is that an opportunity?
7ecause that means we have a chance to get a )ood *rice 6buying at a lower price8 in the direction of
the trend.
In other words, if we 9ust buy in an uptrend, we may get in at too high of a price so there is notenough #room% for the market to keep pushing the price higher 6which means it would move down
and we would lose money8@ however, if we wait for the market to move down, we A(- there is
room for it go higher because it has 9ust recently been higher. Simple, yes, but very powerful.
(ow, 9ust because it is moving down in an uptrend, does ( mean we are buying@ it!s only the 0 nd
step in the process telling us we MI)" have a trade possibility soon.
o summari>e, the opportunity is 9ust the simple step of recogni>ing that the Market could be giving
us a better price to trade in the direction of the rend Soon.
Remember, step 0 is still a long way from the trade, it!s only alerting us to keep our eyes open on agiven pair.
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Step Three:
)at$h !or 8ilters
nce we spot an opportunity in the Market, the next thing we need to do is Bualify that opportunity.
In other words, we might get a whole bunch of #*otential rades% but only a small percentage of
those will be high Buality trades.
he Filtering *rocess helps us eliminate many of the bad trades that would 9ust get us into trouble.
(o matter how many filters you have, you will still lose trades, but having good filters can mean the
difference between a (et -inning System or a (et Coser.
ur most important filter is MM;(+M. If momentum is on our side, that R;&CCD helps the odds
that we!ll win the trade. -e!ve designed a custom indicator called the S.M.I.to Bualify the
momentum for us. his is our most important filterone and
you don!t want to trade into these areas.
4. (ews
(ews is another filter to consider. ;ven if a trade opportunity is looking great, (ews can easily throw
off your opportunity. (ot all news has to be avoided, but be careful of ma9or events.
Remember that filters are something that comes with experience more than 9ust reading an ;7ook.
It will take time in the market 6or in our trading room8 to really understand how to navigate the
market and avoid bad trades. +sing filters can minimi>e your losses, especially with some experience
in the Market.
2ou #on3t a4oid e4ery losing trade& 'ut i! you $an a4oid enough o! them& you3ll 'e a pro!ita'letrader"
https://winnersedge.leadpages.net/custom-indicator/https://winnersedge.leadpages.net/custom-indicator/https://winnersedge.leadpages.net/custom-indicator/ -
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Step 8our:
)ait !or the rea
Since we know that the #pportunity% in this strategy comes when price is moving in theopposite
direction of our defined trend, you may have guessed that the rade comes when price BREAKS BACK
into the direction of our trend
Remember when we defined opportunity with this graphic?
he reason that is the #opportunity% is because we know price is likely to break back at any time.
-hen it does, we have a trade.
De!ining the rea:
&ll you need to do is draw a rough trendline on the bearish move circled in the image above6use a
lower time frame like 41 Minute or 2 "our to draw your line8. -hen price breaks that #minitrend%
and starts going back in the direction of the 7igger rend, we will have more than 9ust an opportunity
Ewe!ll have a trade