This document provides rules for short trades using the Freedom Formula System 3 Training method. The rules are:
1. The price must close below the EMA 60 line, indicating the trend is down.
2. The CCI value must be lower than -100, showing an oversold condition.
3. If both criteria are met, enter a short trade with 2 lots. Set the stop loss at either 200 pips above entry or just above the EMA 60, whichever risks less. Take profit on the first lot at 200 pips and trail the stop on the second lot at 200 pips.
This document provides rules for short trades using the Freedom Formula System 3 Training method. The rules are:
1. The price must close below the EMA 60 line, indicating the trend is down.
2. The CCI value must be lower than -100, showing an oversold condition.
3. If both criteria are met, enter a short trade with 2 lots. Set the stop loss at either 200 pips above entry or just above the EMA 60, whichever risks less. Take profit on the first lot at 200 pips and trail the stop on the second lot at 200 pips.
This document provides rules for short trades using the Freedom Formula System 3 Training method. The rules are:
1. The price must close below the EMA 60 line, indicating the trend is down.
2. The CCI value must be lower than -100, showing an oversold condition.
3. If both criteria are met, enter a short trade with 2 lots. Set the stop loss at either 200 pips above entry or just above the EMA 60, whichever risks less. Take profit on the first lot at 200 pips and trail the stop on the second lot at 200 pips.
This document provides rules for short trades using the Freedom Formula System 3 Training method. The rules are:
1. The price must close below the EMA 60 line, indicating the trend is down.
2. The CCI value must be lower than -100, showing an oversold condition.
3. If both criteria are met, enter a short trade with 2 lots. Set the stop loss at either 200 pips above entry or just above the EMA 60, whichever risks less. Take profit on the first lot at 200 pips and trail the stop on the second lot at 200 pips.
#1 The price must close below the EMA 60. This is our first criteria.
CCI value is lower than -100
#2 The CCI value must show to be lower than -100. This is our second criteria.
Enter The Trade
Sell When both of the above criteria are met, we can enter the sell trade. Entering The Trade • We enter a 2 lot trade (or multiples of 2, covered in video 5).
• We set our stop loss at:
1. Just above the EMA 60 2. 200 Pips Above The Entry Point Use whichever stop risks less. Once In The Trade • Exit the first lot at 200 pips profit. The easiest way to do this is to set a take profit level of 200 pips on the first lot.
• Trail your stop at 200 pips for the second
lot. – If your trading software doesn’t allow this, move the stop 200 pips ahead every time the trade moves 200 pips in your favor. Short Trade Example Criteria Must Be Met: • Price closes below EMA 60
• CCI value is lower than -
100
• Enter The Trade!
Enter The Trade We Enter The Trade • We enter the trade with 2 lots.
• We set a stop loss at:
– 200 Pips Back Of Entry – Just Above The EMA 60 Choose The One That Risks Less Once In The Trade • Take profit on first lot at 200 pips. • Set stop for second lot to break even. • Trail stop at 200 pips for the second lot. What Now? Move on to video 4 to watch long trade rules and examples.