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Setups, Entries, and Stops from Rob Hoffman
Setups, Entries, and Stops from Rob Hoffman
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Archive : Setups, Entries, and Stops from Rob Hoffman
Setups, Entries, and Stops Course by Robert Hoffman – PowerCharting
This 3 ½ hour course starts out answering several questions students had regarding Robert’s methodologies, then moves into discussing his advanced entry techniques, more on his two bar and three bar break strategies and variations of them, pivot points, plus as a bonus, completely new setup techniques to offer many more trades when the two and three bar strategies are unavailable. Then Robert closes with answering several more questions to drive home the training for students.
Topics and Tips Covered
2 Bar Break Strategy
20 MA
3 Bar Strategy
50 MA
Bent Finger
Confluence of R, S and Pivots
Congestion zones
Conservative Aggressive entry
Cost basis
Daily goals
Do not trade time zones
Exit strategy
Fish Hook
Following plan, money management
Key Reversals
Pivot points
Primary Pivot of the day
Scale In method
Speedlines
Support and Resistance
Trends
Included 2 DVDs in original case
What is forex?
Quite simply, it’s the global market that allows one to trade two currencies against each other.
If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.
If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.
Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.
An exchange rate is the relative price of two currencies from two different countries.
You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!
You’ve exchanged one currency for another.
Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.
Currency Exchange
Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.
It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.
Salepage : Setups, Entries, and Stops from Rob Hoffman
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