"A relaxed mind is a happy mind".
--- Iyanu Adegboruwa
Why PUSH Forex Formula?
Simplicity is the key. Market analysis should be kept simple, particularly in a fast-moving environment such as forex trading. PUSH Forex Formula is an elegant tool that provides much of the market information a trader needs. The desire to achieve great gains in Forex trading can drive us to keep adding indicators in a never-ending quest for the impossible dream. Similarly, trading with a dozen indicators is not necessary. Many indicators just add redundant information. Indicators should be used that give clues to:
1) trend direction – if market is trending or ranging; 2) resistance and support levels; 3) volatility; and 4) buying and selling pressure. These are the guiding principles of PUSH Forex Formula.
Technical Indicators
The choice of technical indicators in designing PUSH Forex Formula include: Bollinger Bands, Parabolic SAR, Stochastic Oscillator and Moving Averages Convergence/Divergence (MACD).
A. Bollinger Bands (20,2)
Aim: To detect market volatility rate of a tradable and also predict possible overshoot in prices.
B. Parabolic SAR (0.02,0.2)
Aim: To determine an exact entry point for buy/sell trade and placing of Stops Loss.
Aim: To determine an exact entry point for buy/sell trade and placing of Stops Loss.
C. Stochastic Oscillator (5, 3, 3)
Aim: To determine the overbought/oversold levels of market and divergence signals.
D. Moving Averages Convergence/Divergence (MACD) - 12, 26, 9
Aim: To confirm market's momentum needed for entry and exit points of a tradable.
E. Williams' Percent Range (14)
Aim: To identify the market's turning points at extreme highs and lows.
Trade Setups
All the technical indicators listed above must be in agreement in order to have valid and strong Buy/Sell trades in any given financial instrument. PUSH Forex Formula is significant with weekly & daily charts for long-term objective, while 4-hour chart can be used during short-term scalping of market. But for maximum efficiency and reliability, daily chart is preferable.
Trade Entry
The 'noble' entry point for PUSH Forex Formula is determined by the use of Parabolic SAR, MACD and Trend Lines. And also the breakout and entry points must meet certain conditions termed "30-pip breakout/entry rules". This constitutes the PUSH FACTOR which ensures high probability with low-risk trades.
Profit Taking
PUSH Forex Formula uses the Fibonacci ratio to determine profit target and retracement levels. The Fibonacci ratio is technically applied to analyse how far the trade can go and at what level of prices. This the critical area for prices to break below/above and which establishes the fact of trading with peace of mind for every traders. That means, you're happy seeing the trades hitting the profit target areas and not losses.
Money Management
Effective money management is embarked upon by PUSH Forex Formula. This includes the proper use of Aggressive & Conservative Stops of 5 pips below/above the Parabolic SAR indicator for buy/sell trades respectively. The recommended risk-to-reward ratio of 1:2 gives maximum security and confidence to traders. The pyramiding and scaling-out techniques leverage traders' account for maximum profits.
Principles of PUSH Forex Formula outlined in GBPUSD chart below:
The trade example shown below is the Scan-For-Opportunities model for NASDAQ Futures 100 E-mini (U.S Stocks).
a) Buy trade:
CLICK TO ENLARGE
b) Sell trade:
CLICK TO ENLARGE
NOTE: The same model works for all financial instruments (Forex, Stocks, Futures, Options, Gold, Commodities, Crude Oil, etc). That's unparallelled benefit of PUSH Forex Formula!
a) Buy trade:
b) Sell trade:
NOTE: The same model works for all financial instruments (Forex, Stocks, Futures, Options, Gold, Commodities, Crude Oil, etc). That's unparallelled benefit of PUSH Forex Formula!
