If you can learn to combine my methods and the LMT together you can rapidly learn to make a serious income from forex.

The LMT is still inconsistant on the 4 hour charts and you need to be careful. The problem is that we have lots of pairs near strong support & resistance levels  which is proving difficult with some lmt trades. You need to use discretion when taking these trades. When the markets resume full trends it will be much easier, as it was May through to mid July when the LMT was winning 80+% of the time and in many cases you just needed to take the trades that the software gave you.

For now, look carefully at potential trades before they arrive. Look for the ones that have the most potential. Follow Deans advice re candle stick formations, shape of the trigger bar etc. Then have a look at my advanced rules (I am updating these at the moment). Finally look for areas where trades may get stopped in their tracks, ie support & resistance, psychological levels etc. It is probably a very good idea to re-read Deans manual & my advanced rules again. Those of us whom were lucky enough to be trading the LMT earlier in the year had to be “match fit.”

There were so many profitable signals, often all arriving at once, that if you hadn’t planned ahead you would have missed a golden opportunity to profit. As I have explained before. The LMT is a trend following system. Normally the markets trend September through to Christmas & then late January to June. We have to maximise our profits at this time and then do as I told you in the summer holiday period, walk away & leave it. Amateurs continued to trade through this 6 week period and then wondered why it didn’t work. Follow my advice. Re learn the rules & you WILL have a profitable run in up to Christmas.

Those of you who do not currently have the LMT check it out here:

This weeks video is below (Please ignore the intro- I do a guest video for a subscription site)

Want more of this? See these posts: