WELCOME TO THE

ELITE FOREX
TRADING COLLEGE
WEEK #3

FOREX
STRATEGY #5

DISCLAIMER
Hypothetical or simulated performance results have
certain inherent limitations unlike actual performance
record: simulated results do no not represent actual
trading. Also, since the trades have not actually been
executed, the results may have under- or
overcompensated of the impact, if any, of certain market
factors, such as lack of liquidity. Simulated trading
programs in general are also subject to the fact that they
are designed with the benefit of hindsight. No
presentation is being made that any account will or is
likely to achieve profits or losses similar to those
predicted or shown.

WEEK #2

REVIEW

FOREX COLLEGE WEEK #2

Strategy #4 Is Based On Concepts #1 and #2

Designed to Trade Quick Momentum Moves
Intensity Level (1-3): 2
Main Indicator Pattern Recognition Strategy
Any Time Frame / Any Direction / Any Market
Only One Standard Version - Quick Gains
Learn the FULL Strategy Paper Trade First!
The Specialists Edge - Consistency

Hi Steven,
If there is 24-hour trading session, there always will be a period of time
when you are unable to trade. If one trades daily charts, next daily bar starts
at 6:00pm ET. The perfect example is a signal sent yesterday for Strategy
#4. EUR/JPY hit the entry price at 3:10am ET (approx) and then hit the stop
price at 8:30am ET. So during the night we would have the entry signal and
a stop-loss signal. So how can anyone trade that without
automated trading?
If we look at intraday trading, the night eventually comes and we suspend
our trading. But new bars will appear. New signals for exits of entries will be
generated and we will miss them. And the more important question - should
we take those missed bars into account?

STRATEGY #4
50% RULE

NIGHTLY
SIGNALS

FOREX
STRATEGY #5

Strategy #5 Highlights
2-Bar Pattern Recognition Strategy
Any Time Frame, Market, or Direction
Best Suited For Swing Trading
Average Trade Lasts 3-10 Days

The Specialists Edge Consistency!

Strategy Indicators
50-period sma
Candlestick Engulfing Patterns

BULLISH ENGULFING PATTERN

CLOSE
OPEN

CLOSE

OPEN

BEARISH ENGULFING PATTERN

CLOSE

OPEN

OPEN

CLOSE

Strategy Rules - Buys

1. Price must be ABOVE the 50 sma (Buy/Sell Line)
2. Look for a Bullish Engulfing Pattern

3. Buy 1-5 pips above the high of the Open Body

Candle (Confirmation)
4. Place your stop 1-5 pips below the lowest bar
5. Exit on 200% range extension of Open Bar

EXIT

EXIT

ENTER

STOP

+132 pips
EXIT

ENTER

STOP

+132 pips
EXIT

ENTER

STOP

Strategy Rules - Sells

1. Price must be BELOW the 50 sma (Buy/Sell Line)
2. Look for a Bearish Engulfing Pattern

3. Sell 1-5 pips below the low of the Closed Body

Candle (Confirmation)
4. Place your stop 1-5 pips above the highest bar.
5. Exit on 200% range extension of Closed Bar

EXIT

STOP

ENTER

EXIT

+110 pips
STOP

ENTER

EXIT

+110 pips
STOP

ENTER

EXIT

MORE
STRATEGY #5
TRADE EXAMPLES

+121 pips

EXIT
1.2746

ENTER
1.2625

STOP

EXIT
1.2987

+116 pips

ENTER
1.2871

+121 pips

EXIT
1.2746

ENTER
1.2625

STOP

STOP

+83 pips

STOP

EXIT
95.62

ENTER
96.45

STOP

ENTER
1.5610

EXIT
1.5499

+111 pips

+156 pips

EXIT
1.5813

STOP

ENTER
1.5657
ENTER
1.5610

STOP

EXIT
1.5499

+111 pips

+81 pips
+156 pips

EXIT 1.5918

EXIT
1.5813

ENTER
1.5837

STOP

STOP
ENTER
1.5657

ENTER
1.5610

STOP

EXIT
1.5499

+111 pips

STOP

+15 pips
ENTER
1.0349
EXIT
1.0334

STOP

+14 pips
+15 pips
STOP
ENTER
1.0349
EXIT
1.0334
EXIT
1.0306

ENTER
1.0320

STOP

+14 pips
+15 pips
STOP

ENTER
1.0320

ENTER
1.0349
EXIT
1.0334

STOP
EXIT
1.0306

ENTER
1.0287

+17 pips
EXIT
1.0270

+13 pips

EXIT
1.2973

ENTER
1.2960

STOP

EXIT
1.2999

+24 pips

+13 pips

ENTER
1.2975

EXIT
1.2973

ENTER
1.2960

STOP

STOP

ADVANCED
TRADING

HOW TO
EXTEND YOUR
STRATEGY #5
GAINS

+82 pips
ENTER

+82 pips
ENTER

+82 pips
ENTER

+345 pips

+82 pips
ENTER

ENTER

+81 pips
+187 pips

STRATEGY #5
50% RULE

50% Rule (suggestion)

You have the option to move your stop to
unchanged once price travels half the
distance to the exit point

ENTER

ENTER

ENTER

ENTER

ENTER

ENTER

ENTER

ENTER

ENTER

Advanced Traders Can Exit

When Price Reaches the
200%, 300%, and 400%
Range Extension of the
Set-Up Bar

400%
300%

200%

+365 pips
+243 pips
+120 pips

ENTER

ENTER

200%

300%

400%

+15 pips

+30 pips

+46 pips

Lets Recap
2-Bar Pattern Recognition Strategy
Any Time Frame, Market, or Direction
Best Suited For Swing Trading
Average Trade Lasts 3-10 Days

The Specialists Edge Consistency!

HOMEWORK
ASSIGNMENT

IDENTIFY RECENT
STRATEGY #5 TRADE
LAST WEEK OF OCTOBER - GBP/USD - DAILY BAR
1. Buy or Sell?
2. Identify Price of Entry, Stop Placement, and Exit Price.
3. Profit or Loss?

MY GOAL IS TO TEACH
YOU HOW TO TRADE
WITH THE

SPECIALISTS EDGE

ELITE FOREX
TRADING COLLEGE
WEEK #4
STRATEGY #6

QUESTIONS
stevenprimo@specialisttrading.com
brettm@specialisttrading.com

1-310-844-7220

DISCLAIMER
Hypothetical or simulated performance results have
certain inherent limitations unlike actual performance
record: simulated results do no not represent actual
trading. Also, since the trades have not actually been
executed, the results may have under- or
overcompensated of the impact, if any, of certain market
factors, such as lack of liquidity. Simulated trading
programs in general are also subject to the fact that they
are designed with the benefit of hindsight. No
presentation is being made that any account will or is
likely to achieve profits or losses similar to those
predicted or shown.