Venom
indicator are an tool for to anlyze the price of currency pairs that
shows the trading opportumities.
Trading
opportunities presented by the system are based on the alignment
of
Vectorial Bias, S/R Level 1 and S/R Level 2.
Trading
hours is from 5.00 GMT to 16.00 GMT. Please ensure that the
system
is running before 5.00 GMT so that no signals are missed and
to
prevent late entries. Remember, the first Buy or Sell signal (first
alignment
of Vectorial Bias, S/R Level 1 and S/R Level 2) beginning
5.00
GMT present high probability trades.
For
the first Buy or Sell signal (first alignment of Vectorial Bias, S/R
Level
1
and S/R Level 2), Venom Signal will display the price and time on the
chart
and Venom Alert will popup. The first alignment of the day always
provides
profitable trades.
For
the second alignment onwards, Venom Alert will continue to popup but
Venom
Signal does not change its display.
Trading
the second alignment onwards is only recommended for
experienced
traders, for traders who have a feel for the system
(know
how to use the Venom Dashboard effectively) or for traders
who
are using Venom Trading System as reference to other
techniques.
Minimum
take profit is 30 pips. Stop loss is 40 pips. Set trailing stop at 15
pips.
To take profit at higher levels, please refer to the section
describing
‘Positional
Bias’.
Do
not risk more than 5% of equity per trade.
Venom
Trading System is suitable for all currency pairs but we
recommend
the following pairs:
GBPUSD,
EURUSD, USDCHF, AUDUSD, USDJPY, EURJPY, AUDJPY, GBPJPY, GBPCHF,
EURGBP, EURCHF
Venom
Signal displays the first Buy or Sell signal between 5.00 GMT –
16.00
GMT.
The time displayed is the broker time. Venom Alert will popup
whenever Vectorial Bias, S/R Level 1 and S/R Level 2 are aligned. The
time displayed is your local computer time....
Venom
Dashboard
See
manual in the folder
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