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SECRET PROFIT LEVELS – TOP PLAYERS ARE KEEPING IT AS A SECRET
SECRET PROFIT LEVELS
Secret Profit Levels
is as old as the market itself and is so profitable because of its universality. I will also share custom indicator that will help you trade this strategy with ease. But first, let’s go through the basics that lie behind this strategy.
The trading system Secret Profit Levels is about the secret levels that exist on your charts, yet 99.9% of the traders don’t know about them. And although they are easy and simple to trade, once you see how profitable they are, you’ll understand why the big hedge funds and financial institutions are keeping it as a secret to be used by them only.
Characteristics of Secret Profit Levels
Currency pairs: Highly volatile
and start of
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It is believed is that these high frequency trades create large pools of money at certain levels on a chart. But they are invisible to everyone except those big players placing the trades. Meaning that until now the average trader had no way of knowing where these pools of wealth were hidden.
Those Secret Profit Levels are actually round numbers on the chart and they work so well because it’s in human nature to tend to round numbers. It’s human psychology.
Those levels act as magnets. As soon as price gets close they will attract it, giving you the chance to enter the trade and make money.
Secret Profit Levels indicator will show you where to enter the trade and where to exit the trade, which will help you boost your confidence, whether you are an experienced trader or a beginner.
BUY TRADE RULES
The trend must be heading up.
Wait for the price to climb up towards a round number level. We want the price to break 2/3rds of the entire range between 2 round numbers. For example, if we are in uptrend on the EUR/JPY and price is in between the 136.000 and 137.000 levels, we want the price to climb up above 2/3 of this range or above the 136.670 level to consider that as a possible long trade set up.
As soon as price reaches 15 pips below the next round number, we can open a buy order. If we use the same example with the EUR/JPY pair above, as soon as price breaks the 136.850 level, we can go long. We can also use a pending order to enter trades.
The stop loss is set 15 pips under the entry point.
We have 3 options in setting the take profit – Conservative, Aggressive and Managed.
Conservative exit – The next round number. In the EUR/JPY example above, our first target is the 137.000 level.
Aggressive exit – This is the round number level plus 15 pips. In our example, it will be at the 137.150 level.
Managed exit – Here, we close half of our position on the round number level, then move our stop loss level to the break even and close the rest at the round number plus 15 pip This way, we can lock in some profit and preserve it by moving the stop loss to break even.
SELL TRADE RULES
The trend must be headed down.
Wait for the price to decline towards a round number. We want the price to break
2/3rds of the entire range between 2 round numbers. For example, on the EUR/USD, if price is between the 1.2800 and 1.2900 levels, we wait for the price to decline 2/3 of this range or below the 1.2833 level to look for a possible short trade set up.
As soon as price breaks below the next round number minus 15 pips, we can open a sell order. In our example, as price breaks below the 1.2815 level, we can go short. We can also set a pending sell order instead of waiting for the price to reach that level.
Set the stop loss 15 pips from the entry point.
We also have 3 options for setting the take profit – Conservative, Aggressive and
Conservative exit – The next round number. In our example, our first target is the 1.2800 level.
Aggressive exit – This is the level 15 pips below the round number. In our example, it will be at the 1.2785 level.
Managed exit – Here, we close half of our position when price reaches the round number, then we move our stop loss to break even and close the rest 15 pips below the round number.
Your SL and TP should be based on your own risk/reward tolerance, and never risk more than what you see as your profit potential.
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