Black Magic Breakout Box
Chapter I: Introduction
I.1. Why MagicBreakout? 3 Learn what makes the?MagicBreakout strategy different and?magic. I.2. What is really a “breakout”? 3 Identify “good” breakouts and “false” breakouts. Good breakouts result in nice profits, but false breakouts turn back to losses. The next paragraph will reveal the secret why false breakouts more often occur and who is responsible for that phenomenon. I.3. The secret behind false breakouts 4 Have you heard about the old famous?123-Pattern? Have you ever tried it? Have you tried to trade breakouts? Forget it. Let’s explain the insider’s secret why most traders lose money trying to catch the breakouts. Let’s discover the myth. I.4. Julie comes with a genial solution: Enter the breakout before the crowd! 5 This is the heart of the?MagicBreakout strategy. Julie has found a tricky way to distinguish between good breakouts and false breakouts. Moreover, her eyes see a breakout before it happens!?”Amazing, I can’t believe I’m doing this!”
Chapter II: Entry
II.1. Chart setup 6 Prepare your chart. II.2. Entry rule 7 Enter the market only when your system tells you. Emotionless trading.
II.3 Practical implementation 9 Recognize a valid entry step by step.
Chapter III: Exit
III.1. Chart setup 11 Prepare your chart. III.2. Exit rule 12 Remember: Exit is much more important than entry! Knowing when it is time to exit the market is a very important task. Some traders get out too early of a winning trade because they do not follow a given system. Some traders enter the market and then they nervously watch the chart and ask themselves: “Should I close the position now… or NOW?!”. Their emotions control their trading and they consistently lose money. Remember, it is a discipline that separates winners from losers.
Chapter IV: Maximize your profits and achieve exponential earnings 13 If you strictly follow the money management rules, it is a very easy task to become a Forex millionaire in a relatively short time. Can’t believe? Let us show you the math.
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