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Phoenix FX (EUR/USD) Trading System
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Call 312.987.0043 or Email us» . |
Developer: Jack Telford |
| Market Sector: | Forex |
| Markets Traded: | |
| System Type: | Day Trading |
| Risk per Trade: | $400 on average |
| Trading Rules: | Not Disclosed |
| Suggested Capital: | $15,000 |
| System Cost: | contact us for details |
| Results Available?: | Contact us for Info |
| System Description: | The new EuroFX Futures is providing excellent low risk opportunities for daytrading the currency futures market. Although the futures contract has been around for several years its only since late 2002 that there has been sufficient volume to facilitate daytrading opportunities. Phoenix is designed for smaller capitalized traders to net a consistent monthly profit while significantly limiting the maximum drawdown to the trader's account. Traders can easily trade one contract on Phoenix with an account size as small as $5000 dollars. Phoenix can best be described as a trend following system that also attempts to capitalize on key times of the day. Phoenix has two basic trading formulas. First, Phoenix attempts to capitalize on the numerous financial reports that are released each month. Phoenix monitors the timeframes that reports are due to be released and will enter the market in the direction indicated by the report. The second type of trade will attempt to enter the market on a pullback in the direction of a significant move Phoenix is unique in the fact that it relies exclusively on price and time and contains no technical indicators. Phoenix utilizes the morning trading action to identify the trend. Phoenix then enters the market after 10:00am est in the direction of the identified trend. |
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