- 15 Mins Special Bars
- Momentum Analysis – Part 1
- Momentum Analysis – Part 2
- Momentum Analysis – Part 3
- Quick Recap
If you reached this chapter then I admire your commitment. You have the patience and willingness to take it to the next level.
To make everything easy to follow I’ve created a dashboard where you can see all important things in one place.
Here is what you will see in your dashboard when you login:
Note the green and red arrows along with Profit Target and Stop Loss. They are updated on a weekly basis. Keep an eye on them as each trade when triggered will have Profit Target based on the overall weekly trend.
So for example:
Weekly direction of EURUSD is bullish. When a Long gets triggered on a Daily chart we go for a higher Profit Target which is 60 in this case. If however, a Short trade would have triggered we would have chosen the smaller target.
The reason for this is simple. We want to align ourselves with the bigger overall trend. Every opportunity we get to join that trend we will take advantage of and hopefully collect more returns
These targets are based on the Average True Range or ATR. We will talk about this later in more detail.
The dashboard also contains Buy and Sell Zone levels. These levels will be updated once daily for FireZone Daily and every 8 hours for FireZone 8Hr. I’ll also send them via mobile app, desktop notification and email. They are here anyway if you wish to see them online.
Along with that, I’ll also update charts which show the zones and trades which took place. This will serve as a reference point for analysis and discussion. You are always welcome to leave comments and engage in discussions.
Later we will move these charts to our historical trade section where we put them together in a neat package for you to browse at your leisure.
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No TIME!! That was always my problem. This Trade Copier has been long time coming, glad it is finally here.
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