You may of heard, if you throw a Boomerang it should come back…
Hey there,
Hope this post finds you well, and the previous posts have helped…
You know… I’m not sure about you, but I can’t seem to get the Boomerang to come back… LOL
And I’m Australian by birth too.
What’s this got to do with Forex you might ask?
When I was studying Candle Formations, there was one that I came across called the “Abandoned Baby”…
Kinda like the Boomerang really, “abandoned” somewhere in the Bush…
N.B: I don’t physically mean abandon a baby in the bush, not sure if that’s how it sounded, pls note that’s not what i mean…phew!
Check this video out to see how this nice little earner can help add to your back end…
These do not happen often, but when they do, approx 8 out of 10 of them turn out to be winners! 
Just set your appropriate Take Profit (TP’s) and Stop Losses (SL’s) in the right place…
Works on all time frames, but one is best to experiment with 15 minute, 30 minute and 1 hour time frames…
Take note: The higher the time frame you use, the larger the Stop Loss needs to be to allow the trade to breath, if you smoother it, she’ll be closed out prematurely at
a loss.
Your take profit levels on higher time frames do not need to be that high…
Try this table:
15 minute time frame = 20 TP … SL at previous low.
30 minute time frame = 25-30 TP … SL at previous low.
1 hour time frame = 30-60 TP … SL at previous low.
NOTE: if the previous low is too low from the market open price (price at which the trade was purchased)… then move to the next previous low to place your stop loss at.
btw, that’s for buy trades, do the opposite for sells. 
Play around with that for a while as they appear…
So far I have showed you about 5 strategies… and there’s heaps more to come…
There’s about 100 strategies that I know, out of the 400+ I have tried and most of these 100 or so I know are good ones, but only a small percentage of them are
even better…
Nonetheless, it’s good to have as many strategies under your belt as you can possibly muster…
Reason is, the more information you can get out of the market, the more of an informed decision you will make, and most of the time, it will be the right decision…
It’s a little like playing Poker to a degree…
The more information you can get out of your opponent, whether that be by testing his or her nerve level when it comes to calling a rather large bet and seeing where their tolerance level is.
So, there you have it
Enjoy the video… if you have any questions feel free to contact me via my forum, email, phone, and or skype.
All the best and thanks once again for continuing to read the blog
Until the next post… happy trading…
P.S
Never trade on emotion… be clear minded before acting…
P.P.S
If you ever get to the point you do not have 100% information about making your choice… contact me (reply to this post), send me a screen shot of your trading station… make some notes and upload it to imageshacks.us
Loz
Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com
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http://forexsignalmentor.com/
{ 2 comments… read them below or add one }
hello pal, im just wondering how you ideas about price action.. the term P.A very common in forex.. i got no idea ..plz could lunch articel for price action
Hi
In short it’s predetermined areas of the market that you aim for.
No indicators are necessary, just line tools only or candles or bars. Things like triangle break outs, channel break outs, where the break out is the price action. Candle formations, they are all price action strategies.
All the best
Loz