|
The Top Gun charts contain an exclusive FOREX trading system. These specially produced charts are an accumulation of an exclusive set of time tested algorithms converted to easy to use GRAPHICAL indicators on internet delivered charts.
Because these charts are Internet delivered, you can trade them anywhere you have a broadband connection!
The concept behind trading these charts is to simply watch for the formation of an indicator called a Top Gun Bar.
A Top Gun Bar is an orange colored bar that stands out in a sea of blue bars on the charts.
Subsequent price activity after the Top Gun Bar has formed, determines the trade direction and feasibility of success the trader is likely to have.
Once this Top Gun Bar forms, traders are encouraged to REACT to the price action that unfolds after the bar forms. Traders are guided according to a well defined set of rules to determine if any trades are indicated.
When a trade is indicated, traders formulate trade decisions and executions according to those easy to follow rules.
Essentially, the Top Gun Bar is used to indicate and initiate a trade in a trend direction. Trend trades are a very good way to trade the FOREX market.
Trend trading with the Top Gun Bar indicator aligns traders with the trend direction and predisposition of that market. Knowing and trading with the trend, regardless of how long it lasts, often helps avoid the pitfalls traders make by trading against the trend.
As long as the trend stays intact the more aggressive traders can compound the effectiveness of the system by using the Top Gun Pivot Indicator to find additional areas to trade in the trend direction. Often a few more trades can be executed in the trend direction, until the price action relative to the Top Gun charts indicates that the larger trend move has ended.
Trading pivots from key levels while still in a trend trade can extract a higher potential from each larger trend move, but it is a strategy that should be used by advanced traders.
It is important to note that this pivot trading strategy is an embellishment to the Top Gun Charts and it is not necessary to initiate any pivot trades to use the Top Gun charts effectively.
The entire Top Gun Bar strategy is detailed on a page dedicated to just this one indicator's use. A link to that page can be found in the list to the left of this page.
In summary, once the Top Gun Bar paints in on the chart, its presence indicates that the Top Gun system's algorithms have identified the potential for the market to breakout. The breakout of the market typically comes in the form of a violation of the high or the low of the Top Gun Bar. Follow the rules to enter and exit a trade and your FOREX trading will be like watching a video game!
|