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Forex Secrets by ForexElite.com

Before we begin, make sure to check out our website (ForexElite.com) for the absolute

best forex training and courses.

Now on to our Forex Secrets video.

This is a very important video that you need to watch carefully.

It will drastically help you become a successful Forex Trader.

The Forex Secrets that well be covering in this video include: Reversals That Occur

at Specific Times, The Most Important Pattern (that you need to know), Important Levels,

and How to Predict The Daily Market Direction.

Starting with Secret #1: Reversals That Occur at Specific Times.

For every trading session that you see on this table here, the big move of the day,

usually starts with some type of reversal.

The reversal is the start for the big move of the day.

And its extremely important for you to identify the Reversals of the Day, so you

can get in on the action.

Lets review this chart piece by piece, so you can have a much better understanding

of the major Reversals of the Day.

The London Open starts at 8am London Time (Monday through Friday).

The Reversals usually occur around 7am to 10:30am London Time (Monday through Friday).

These are the exact times you should be looking for Reversals during the London Open.

Now another important piece of information.

Check for any Forex news because chances are the Reversals will happen immediately after,

or around, the news releases.

Definitely take a look at the news for the London Open because it might pinpoint the

exact times of the Reversals.

Now another excellent time to look for Reversals is the New York Open, which is 8am New York

Time (Monday through Friday).

More specifically, the Reversals usually occur around 8:30am New York Time (Monday through

Friday).

Sometimes its right on the dot at 8:30am New York Time.

Definitely keep your eye on that time for Reversals.

And a third and final session that you should be looking for Reversals is the Tokyo Open.

Now the Tokyo Open overlaps with the Sydney Session.

The Tokyo Open is 9am Tokyo Time, 11am Sydney Time (Monday through Friday).

The Reversals usually occur around 9:30am Tokyo Time, which is 11:30am Sydney Time.

Sometimes the Reversals are right on the dot at these times.

Again, make sure to be scanning your charts, at these very specific times, to identify

these big Reversals of the Day.

Moving on to Secret #2: The Most Important Pattern that you need to know is known as

the Double Reversal Pattern.

The Double Reversal Pattern can be either a Double Top Reversal or a Double Bottom Reversal,

as illustrated here.

Lets start with the Double Top Reversal.

The Number 1 represents the 1st Reversal or Top.

The Number 2 represents the 2nd Reversal or Top.

Once you see the 2nd Reversal, that is your signal to Sell Down.

Also, the 2nd Reversal usually occurs during the specific times as we discussed earlier.

Moving on to the Double Bottom Reversal Pattern.

Its basically the same concept as the Double Top Reversal, except flipped.

With a Double Bottom Pattern, the Number 1 represents the 1st Reversal or Bottom.

The Number 2 represents the 2nd Reversal, also referred to as the 2nd Bottom.

Once you see the 2nd Reversal for a Double Bottom Pattern, that is your signal to Buy

Up.

Again, the 2nd Reversal usually occurs during the specific times as we mentioned earlier.

To bring it all together, you need to reference the specific times in Secret 1, and try to

identify either a Double Top Reversal or a Double Bottom Reversal Pattern.

Remember, youre looking for the 2nd Reversal at a specific time.

These patterns happen on a daily basis, usually around the specific times as we discussed.

This is the most Important Pattern that you need to know.

If you learn this, and you do it well, you will be a phenomenal Forex Trader.

And were going to help you master this, every step of the way.

Now, another important piece of information.

Notice in the Red and Green Rectangles, the wordsImportant Level”.

You need to make sure that these patterns are happening at Important Levels, which is

exactly the topic of our next Secret.

Moving on to Secret #3: Important Levels.

Equally as important as it is to identify the Reversal Patterns, its just as important

to make sure that the Reversals are happening around Important Levels.

The 3 Important Levels that you need to know are Pivot Points, Figures, and Support and

Resistance Zones.

Starting with Pivot Points.

First of all, Pivot Points is an indicator that is typically included with many charting

platforms.

Make sure to add this indicator to your charts.

The Daily Pivot Points are the ones you need to use on a Daily Basis to capitalize on the

big trades of the day.

Pivot Points are truly one of the Forex Secrets for success.

Its the only predictive indicator.

Its the only one that tells you exactly where price is going to go on a daily basis.

The secret is Pivots Points.

You absolutely need to have them on your charts.

We cant emphasize this enough.

Now, a little bit more information on Pivot Points.

You look for Double Top Reversal Patterns at P, R1, R2, R3 and R4.

You look for Double Bottom Reversal Pattens also at P, and S1, S2, S3, and S4.

Make sure to add the Daily Pivot Points indicator to your charts and look for Double Top Reversals

and Double Bottom Reversals, especially at the P Level, which is known as the Central

Pivot Point.

Many times the Reversals that occur for example, at the London Open, happen exactly at P, the

central Pivot Point.

So be sure to have your eye on Daily Pivot Points.

Moving on to Figures.

Figures are equally as important as Pivots.

Figures are price levels that end with00”.

Every Figure is exactly 100 pips away from the next Figure.

The table that you see here in the middle, are some examples of Figures.

If youre not familiar with Figures, you need to open your charts and locate these

Figures, and familiarize yourself with them.

Once your eye is on these Figures, you will soon realize that all major price movements

travel from Figure to Figure.

This is definitely a huge secret that you need to know.

Look for Double Top and Double Bottom Reversal Patterns at Figures.

These are 100 pip moves that you can capitalize on.

If price reverses at a Figure, then guess where price is going?

Its going exactly to the next Figure.

This is how major Forex Players move currencies.

Figure to Figure.

Thats 100 pips for you if you can identify a Reversal at a Figure and trade it to the

next Figure.

Moving on to Support and Resistance Zones.

Every day, there are major Reversals at Pivot Points and Figures.

However, if for some reason you cant identify a Reversal at either a Pivot or a Figure,

then use any Major Support and Resistance Zone to look for Double Bottom and Double

Top Reversal Patterns.

Support Zones are historic levels where price has not been able to break through to the

downside.

Price hits a major Level of Support and goes up.

Resistance Zones are historic levels where price wasnt able to break to the topside.

Price hits a major Level of Resistance and goes down.

These Zones are everywhere.

So if you cant identify a Reversal at a Pivot or Figure, then look for Reversals at

major Support and Resistance Zones.

Moving on to Secret #4: How to Predict The Daily Market Direction.

This is where everything you have learned up to this point comes together.

The only way you can truly predict the Daily Market Direction is when price proves to you

that it cant break a level.

Once you see that price cant break a level, and it keeps on forming reversal patterns,

that means the market direction is headed the other way.

The first example is how you predict the Daily Market Direction to be Up.

You identify a Double Bottom Reversal Pattern at an Important Level.

An Important Level may include a Pivot, Figure, or any major Support and Resistance Zone.

And the 2nd Reversal in the Green Circle usually occurs around the specific times as we discussed

for either the London Open, the New York Open, or the Tokyo Open.

If you spot this Double Bottom Reversal Pattern, at an Important Level, at one of the important

times, then the Market Direction for that particular Session will most likely be Up.

So what you would do is Buy Up after the 2nd Reversal Pattern closes, in the Green Circle

area.

Now, the second example is how you predict the Daily Market Direction to be Down.

You identify a Double Top Reversal Pattern at an Important Level.

Again, an Important Level may include a Pivot, Figure, or any major Support and Resistance

Zone.

Sometimes it has all three.

The more confluences, the merrier.

And the 2nd Reversal in the Red Circle usually occurs around the specific times as we discussed

for either the London Open, the New York Open, or the Tokyo Open.

If you spot this Double Top Reversal Pattern, at an Important Level, at one of the important

times, then the Market Direction for that particular Session will most likely be Down.

So what you would do is Sell Down after the 2nd Reversal Pattern closes, in the Red Circle

area.

This is how you predict the Daily Market Direction with the highest probability possible.

This is quality Forex Trading.

This is the information that you need to be successful as a Forex Trader.

What were going to be doing proceeding forward is uploading examples of this exact

trade, as it happens in the Forex Market.

This is the most important trade that you need to learn.

These are the Trades of the Day.

If you master this, youve got it made.

So follow along.

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Also be sure to check out our website (ForexElite.com) for the absolute best forex training and courses.

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