Forex 2 Points Trading System

Description

Point 1 is always the last UP peak on the chart as seen bellow. I call this the retrace value because it is created due to a retrace or consolidation after a move in either direction.

Point 2 is the second low created from Point 1. This is where the pending trades should always be placed.

Point 1 is where you decide what to do next. This point is called the retrace value of the current trend. This is where the market gives back some of the gain before continue with the current trend. Knowing how to treat point 1 is very important in trading the 2 points

system.