Below you will find some interesting information from Michael Nurok new system called Forex Precog. It looks he found a way to spot the moments where the market reverses and you can benefit from it.
Some of the interesting points from that I am goign to share with you below.
1. Support And Resistance Levels. Maybe you heard a lot about them, but the way Michael shows them it is important to pay attention. You need to know how to spot these major levels. These are key levels in most of the trading systems, and as soon as you spot them your traders are easier to spot in the right direction
2. Stop Loss and Target Levels using the indicators like Precog Predictor, Precog Ribbon and Precog Pro has never been easier to place. Besides this you will learn which are the best levels for entries in different pattern. For example did you know that scalping is better with 1:1 ratio and swing trades with 1:2 risk reward ratio?
3. Trading with only a part of a trade will give you some confidence after you know that even if your trade closes in SL you still will get your profit.
4. There are a lot of trailing methods as well which you can use, but for different timeframes and strategies there are different approaches. There is not perfect trailing for all timeframes or Currencies. Whichever the strategy you are using you have to addapt your trailing to this as well.
I know there are a lot of systems outthere, most of them claim to make you millionaire right away – but you should know that it is important to have a great teacher which will learn you the same. I know that some of systems will not be suitable to you – this is why you have to try few of them and see which is the one for you, who knows – maybe Forex Precog is just right for you.