this is Mike from www.PerfectTrendSystem.com.
The purpose of these weekly setup announcements (Golden Setups) is that you can activate your V-Power EA, Double Top/Bottom Alerter and Double Top/Bottom EA according to the announced setups. You can use the setups as a guidance for your trading and you should still make your personal judgement.
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Today you can download an MT4 indicator which can help you to spot high probability reversal setups. And I will explain exactly how you can use it. Please download it here: FREE ATR Channels Indicator
While it was relatively calm during the past week for V-Power and DTB (both are reversal trading systems), the STME group spotted multiple trend continuation trades, as you can see from the following screenshot:
The recent calm days are giving me the opportunity to talk about the ATR Channel Indicator. This indicator can be used especially on H1, M30 (and if needed also on M15) to spot intraday "manipulation" moves.
With these manipulation moves the smart money is inducing new trading positions from the (dumb) herd at the at the absolute worst prices. The smart money (in the role of the market maker) takes the counter part of these positions from the herd.
Please note: If the herd enters at the worst price, then the smart money enters at the best price into the opposite direction by taking the counter part of the trades from the herd. The smart money will later exit the position with profit.
To achieve that goal, the smart drives the price with full force into one direction, and then immediately reverses the direction of the trend sharply.
The ATR Channel indicator can help you to spot the price moves where the smart money drives the price with full force into the wrong direction. (Please note: Extremely fast intraday price moves are usually the result of the actions of the smart money. Only the smart money has the power to move the markets that way. The smart money often uses high impact ecomic news released to cover these "games/moves" because most traders accept "high volatility" during news releases as random/unpredictable events triggerd by the indecisive market participants)
The two red arrows in the following screenshot are labeling a full force downward move initiated by the smart money. You can see that this move is the only price move which pierces/overshoots the outer band of the ATR Channel Indicator within the whole chart area.
After this manipulated downward move you can see that the speed of the downward move slowed down and a bullish divergence developed. A sharp reversal to the upside occured and even a V-Power buy siganl (the V-shape at the bottom) developed.
The majority of the herd is following the trend. In this case the herd entered short during the full force downward move. Because of the emotional attachment of the herd (thrill / euphoria during the doward move e.g. because the first partly sell position was quickly in profit) is willing to enter the biggest amount of sell orders at the at the lowest (worst) prices. The herd stays attached to the bearish sentiment while the smart money is absorbing all sell orders from the herd and already preparing the sharp reversal to the upside to book the profits.
The ATR Channel indicator can help you to join the position of the smart money. If you spot a piercing/overshooting of the outer band AND a subsequent divergence into the opposite direction, then this is an early signal that the trend will most probably reverse EVEN BEFORE the direction of the price changed. That way you can enter earlier into the new trend direction that most members of the herd who simply don't have that knowledge.
Recently I wrote about the ball which is hold below the water in relation to descending trend line overshoots. There is a force which wants that the ball pops up above the water level. The ATR Channel Indicator helped you to spot such a situation even without the need of drawing a trend line.
The full force manipulated moves into the wrong direction by the smart money are producing exactly this reversal force. In this example, the price was driven into an extreme oversold situation which created a lot of space to the upside for a successul buy trading opportunity.
The following chart shows a sell trading opportunity based on the same concepts (full force manipulated) move to the upside.
The manipulated move could have been spotted with the trend line overshoot to the upside, or with the piercing/overshoot of the out band of the ATR Channel indicator.
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V-Power
We have published many high probability trading chances which you can use to trade with V-Power and Double Top/Bottom!
Therefore, activate your alert indicators (V-Power and DTB) and receive the signals in real-time! :)
Read everything here: Highest Probability Trading Setups (click here)
You can meet 900+ fellow traders in the private V-Power group where Thorsten and other experienced members discuss and announce setups every day.
V-Power can give you alerts in real-time or enter automatically for you into the announced setups while you are at your day job!
Read everything about V-Power and download the free version: V-Power Semi-Automatic Trading (click here)
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STME Setups
Maybe you didn't know that we also have a very active trading group which trades a trend based trading system called "Strong Trends with Magic Entries" (STME).
Our STME-coach Andro and experienced members are posting and discussing setups every day and educate you for free.
The STME group is one of the most active telegram groups where multiple live trade entries are posted every day, and you can join it here: Join The STME Group (FREE)
You can download the free version of the STME system and join the telegram group here: Test The STME System
By joining our telegram groups you will also benefit from many live trade announcements which the members often post in real-time.
Best regards,
- Mike Semlitsch
P.S. Do you know of anyone who's into trading? Then forward them this email.
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66636 Tholey Saarland
Germany
http://www.perfecttrendsystem.com/
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