Phase 5: The way to perfection

forex trend reversal

The way to perfection may not be quite the right qualification for the last phase, for it so happens that people just simply are not perfect. However by striving for perfection you could be able to gain the most optimal results. When it’s about this last phase of deepening the OFS Trading System, building up [...]

Phase 4: Extensive version of the OFS Trading System

Trading Setup OFS Trading System

If all went well, up till now you should have particularly been emphasizing bringing the basic version of the OFS Trading System to perfection as well as studying the forex charts from the past. The result of this is that you also have been building up more experience and consequently you’re ready to take the [...]

Phase 3: Choosing between timeframes and currency pairs

forex currency pairs timeframes

If you start practicing the basic version of the OFS Trading System, I’ll advise you to trade on higher timeframes like the 4 hours chart and higher, because these are the most reliable timeframes for beginners. However when you have completed the first two phases, you should already have gained a lot more experience and [...]

Phase 2: Deepening the basic version of the OFS Trading System

ofs-trading system basic version

If all went well, at the beginning you especially spent time learning to understand the rules of the OFS Trading System, developing the right mindset and studying trends from the past. Now the time has come to gain more in-depth knowledge about various important aspects, such as examining the big picture, integrating the market sentiment [...]

Phase 1: Basic version OFS Trading System

basic OFS Trading System

You’ve taken the first step by downloading the free e-book of the OFS Trading System, but what will be your next step? What can you expect and how will you be able to obtain the optimum result practicing the OFS Trading System? In this article I’m going to explain to you what realistic expectations you [...]

Optimal route and realistic expectations of the OFS Trading System

OFS Trading System

Recently I often get questions, like: “How many trading setups can I trade monthly using the OFS Trading System?” or: “What’s the monthly win ratio / return using the OFS Trading System?”. These are very logical questions, however giving an unequivocal answer to these questions is hardly possible. That’s the reason why I decided to [...]

Fibonacci Retracement levels

fibonacci-retracement-levels

Fibonacci levels are applied by many forex traders to determine the size of the retracement. Although I would be able to write several pages on this subject, the main important thing for you is to know how to be able to employ this tool within the framework of the OFS Trading System and to know [...]

What are simple moving averages

forex simple moving averages

Simple moving averages, also called SMA’s, are lines which represent the average of a price over a specific period. With the OFS Trading System we apply the simple moving averages to judge whether a trend is really suitable enough to be used in search of good quality trade setups. In addition to this application we [...]

Support and Resistance Levels

support-resistance

The forex support and resistance levels make up a very important part of the technical analysis of a forex trader. Some forex traders even claim that they are trading forex in a profitable way purely based on important support and resistance levels! As you could have read in the introduction of technical analysis, in fact [...]

Forex Market Dynamics: Uptrend, Downtrend and Range

forex-uptrend-downtrend-range

A currency pair can move in three different ways. There is always a question of an uptrend, a downtrend, or no trend at all, also known as range. It’s very important for a forex trader to have a clear view of this so-called market dynamics beforehand. Uptrend A currency pair is in an uptrend when [...]