Forex Price Action System is a price action based system that does not use any indicator at all. All it uses is the daily candle to catch the market move.
Lahore, Pakistan -- (SBWIRE) -- 01/13/2014 -- Forex Price Action System is a simple price based system that uses candlesticks on the daily chart to make a trade. Rahul Gupta is the developer of this Forex Price Action System. This system uses the daily candle to decide whether to enter into a long or a short trade. Once a trade setup is identified, all it needs is a pending order to place the trade. After that it is set and forget! This is an unbelievably accurate system that uses only price action to make the trade. There are no complicated indicators used in this system. The previous day candle shows the direction of the market and whether to take a trade or not. Once the trade is placed using a pending order, it is set and forget.
This is what J.J. "Jeff" Glenellis the developer of Forex Scalping Renko Indicators says about Rahul’s system: “Potential to earn 100+ pips per trading session…Rahul...Congratulations on developing an extremely effective method for day trading the forex markets. As an author in the Forex arena, I've had the chance to review most of the products out there, and there have been very, very few I've endorsed.
Your method consistently returned substantial profits under both back and forward testing. Anyone who is looking for a trading method that is super-simple to learn and execute, and has the potential to earn 100+ pips per trading session, look no farther than Forex Profit Farm…"
Most indicators are based on moving averages and therefore are lagging in nature. Once the market move has developed considerably these indicators give a buy or sell signal. The best indicator is price action itself. That is why professional traders love to trade naked. Trading naked means trading solely based on price action without using any indicators. Forex Price Action System is a price action based system that does not use any indicator at all. All it uses is the daily candle to catch the market move.
About Rahul Gupta
Rahul Gupta is a successful forex trader and a trading coach and a mentor. He has developed a number of successful forex systems. One of his popular trading systems is the Forex Profit Farm that he claims can make 100s of pips daily.
For more information about the Forex Price Action System, please visit the following website: