Forex Mentor: A Working Man's Forex Position Trading System

Forex Mentor: A Working Man's Forex Position Trading System

 Alan Benefield 


"To make trading the forex part-time possible, I began to design my unique position trading system I now call "Daily 3 Stochastic". After many late nights of intense studying, backtesting and experimentation, I have discovered two amazingly powerful indicators which when combined with classic rules of trading makes a very powerful yet simplistic position trading system. 

When I set out to design a system, I had the following objectives in mind:
1. Requires only a few minutes a day to find and manage trades 

2. Easy to implement

3. Easy to learn

4. Visually oriented method (quick and systematic scanning) 

5. Uses readily available software and charting tools 

6. High winning probability
I know these are very challenging objectives and it took me a full year (4 hours a day) of tweaking and back testing. I finally came up with a system that works for me and my schedule.

Using these strategies, I am able to achieve an amazing 75% success rate in my own trading. Furthermore, the system has been backtested to yield over 70-80% winners. 

This system is so simple to use that I often find trades right before I head off to work with only a few minutes to spare before rushing out the door. 
My Working Man's Forex Position Trading System has completely changed my life. It has allowed me to participate in the market successfully without quitting my day job. If it can work for me, I know it can do the same for you. If you are thinking of giving up trading because you cannot watch the market, you owe it to yourself to check out this system.

1. A Working Man's Introduction (5:56) 
2. Daily 3 Stochastic System Introduction (3:31) 
3. Charts and templates (6:20) 
4. Chart Setup 89, 144, 200 EMAs (4:00)
5. Chart Setup GMMAs (6:49)
6. Chart Setup Stochastic Oscillator (4:23) 7. Chart Setup SMI Daily, Weekly (7:02)
8. Chart Setup RSI, MACD (6:54)
9. What is Angle and Separation (4:34)
10. Guppy Multiple Moving Average (6:35)
11. GMMA Trending Non Trending Market (6:24)
12. The 89, 144, and 200 EMAs (3:36)
13. The Stochastic Oscillator (6:36)
14. Stochastic Momentum Index (4:41)
15. SMI Daily and SMI Weekly (4:27)
16. Overbought Oversold SMI Levels (2:04)
17. Confirming Indicators RSI, MACD (2:37)
18. Exit Signals (4:15)
19. System Rules and Trade Steps (5:20)
20. Example Trade Using The Guide (4:31)
21. Test One (2:00)
22. Test Two (2:11)
23. Test Three (1:12)
24. Test Four (2:27)
25. Test Five (2:20)
26. Final Word (2:12)

Total: 112 Minutes


1 comment:

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