Instructions for Using
the
“Second Opinion” Forex Trading Plans
Note 1: Be sure to check the forex news calendar for the upcoming trading session. Economic news can drive price movement. Here is one forex news calendar we like and reference in each trading plan. Strong news drivers are color coded in red and also color coded in each trading plan.
Note 2: All clients can retrieve the ForexEarlyWarning trading plans and access The Forex Heatmap ™ with their username (email address) and password just by logging into the homepage near the top. Each trading plan can also be printed out and there is a button you can click on to do this.
Note 3: The ForexEarlyWarning trading plans are issued twice daily and will have information pertinent to particular currency pairs. The trading plans will tell you whether or not the pair is trending, oscillating, or a new trend is in place or forming. We will also tell each user if the pair or overall market is choppy, as well as parallel and inverse pairs to follow in each individual currency group. We analyze the entire market by parallel and inverse groups, or individual currency groups. We analyze all of the JPY pairs together, then all of the USD pairs together, all of the CHF pairs together, etcetera.
Make sure you have access to price alarms via your broker trade platform or through our partners trading platforms. Instructions for setting up price alarms on metatrader 4 are on the homepage. Look for the "free trend indicators" link. Our forex trade plans do come with specific price alarm points that can be setup in almost any forex trade station or alarm system. Free price alarms are widely available on many brokerage platforms.
Note 4: Each plan is the sole property of ForexEarlyWarning and the subscriber only and is copyrighted. Please do not post or publish any trading plan in any form, this would be a copyright infringement. The service is the lowest priced on the market and we also provide broker rebates to obtain the ForexEarlyWarning trading plans and The Forex Heatmap ™ at no cost to any forex trader.
Note 5: Each Second Opinion trading plan comes with a specific trend direction and plan for 28 currency pairs. On our homepage we have a link to a set of free trend indicators for all forex traders to use with our plans. Focus on the larger timeframes, H4 or larger, on all 28 pairs we follow, and only use the smaller timeframes with The Forex Heatmap ™ to verify your trade entries. Most of your trades will occur in the main trading session, once every 10-15 days a solid entry will occur in the Asian session.
An good trend is when the red and green lines are separated and pointed up (or down) with a good angle on the H4 and larger time frames on the free trend indicators. Open red and green lines point up for buys and down for sells and the trend is valid for that particular time frame.
Our free trend indicators on the Forexearlywarning homepage are easily set up on a metatrader platform that has have built in price alarms. If you are using these free trend indicators when the price alarm hits just check the smaller timeframes along with The Forex Heatmap ™ when you enter the tradei if you are in the main trading session.
All clients have access to The Forex Heatmap ™ version 2.0 and 3.0 for full entry verification. Review its proper use and associated lessons before your first paper trade.
Note 6: Price alarm points provided in each trading plan are not "buy points" or "sell points". When the alarm goes off check to see if the small timeframes are pointing up or down and check the parallel and inverse pairs and market condition prior to entry using The Forex Heatmap ™. If The Forex Heatmap (tm) indicates that you should not enter the trade just reset the alarm higher or lower and check it again later when the adjusted price alarm hits. Review lesson 14, 15 and 22 prior to using The Forex Heatmap (tm) and setting your first paper trade.
Note 7: For initial stop placement read the guidelines contained on the forex trading tips, which are one of the major areas of the site on the main blue toolbar.
Note 8: ForexEarlyWarning uses multiple timeframe analysis on 28 currency pairs for trading plan development. We also use parallel and inverse analysis of each pair group, i.e., USD pairs, EUR pairs, JPY pairs, etcetera.
The trading plans, the complete forex education library, video library, audio library and weekly live webinar's are included in your subscription along with access to two versions of The Forex Heatmap ™. Please take full advantage of these free services to become more familiar with how we enter trades. The cost of the entire package is $19.95 per month.
Cash rebates are available from our partner brokers and the rebates will be paid into your trading account. See the "Partners Page" for more details.
Note 9: When a new trading plan is published we will notify you by email and homepage flashing notifier. Email is used only for notification that the latest plans are uploaded to the web site. If you do not receive the emails for some reason the trading plans can be accessed on the home page by logging in with your email and password. Sometimes email servers can be slow on the delivery of the notification emails.
Reports are sent out twice daily within about a 30 minute window of time plus or minus at 0200 GMT and 1600 GMT so check the Forexearlywarning web site near these times for the latest report, even if your notification email has not arrived. If you have any other questions about our plans please feel free to email us at questions@forexearlywarning.com.
Note 10: Please also review the Step by Step Guide for Using Forexearlywarning and the New Subscribers Orientation both of which are linked on the homepage. The best times to trade the forex and to use these trading plans are in Lesson 14 of our 35 lesson package.
U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Forex, futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the spot forex, futures and options markets. Don't trade with money you can't afford to lose. This web site is neither a solicitation nor an offer to buy or sell futures, spot forex, or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site The past performance of any trading system or methodology is not necessarily indicative of future results. These trading plans are our opinion only and a best honest effort to show what trades we are considering. We are not recommending or representing buys and sells only analyzing our indicators for trends and possible entry signals.
These Forex Trading Plans are provided by MT2 Enterprises, LLC. All rights reserved.
Updated July 28, 2011
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