Welcome To FX Prime V2

This instruction manual will teach you how to use Fx Prime V2 and how to
interpret the signals.
Fx Prime V2 filter uses 4 different ways to analyze the direction of the
maret. We use Fx Prime Filter in con!unction with " mo#ing a#erages to
gi#e us high pro$a$ility trades.
%o let&s start with currencies'
This system can $e traded on any currency $ut the ones ( prefer are the
)P*+%, and +%,-P..
Trading Times /Very 0rucial1
The trading times are #ery important. What you need to do is trade with
this system during one of the maret opening times. 2ere are the maret
opening times.
Forex 3aret 0enter Time 4one
5pens
)3T
0loses
)3T
London
Great Britain
Europe/Londo
n
08:00 AM
11-December-
2008
04:00 PM
11-December-2008
Ne !or"
#nited $tate%
America/Ne&
!or"
01:00 PM
10-December-
2008
0':00 PM
10-December-2008
$(dne(
Au%tra)ia
Au%tra)ia/$(dn
e(
0':00 PM
10-December-
2008
0*:00 AM
11-December-2008
+o"(o
,apan
A%ia/+o"(o
11:00 PM
10-December-
2008
0-:00 AM
11-December-2008
6s you can see a$o#e7 there are 4 trading hours for maret opens. This
system wors $est 8 hour $efore and 8 hour after marets open.
For example7 if you are trading the )P*+%,7 ( would trade it during the
9ondon open and the :ew .or open7 8 hour $efore opening and 8 hour
after closing. Trade the currencies that are affected the most $y certain
maret opens. 2ere&s an example'
9ondon open
)*P currencies
;+< currencies
:ew .or 5pen
+%, currencies
%ydney 5pen
6ud currencies
Toyo 5pen
-P. currencies
6gain you ha#e many currencies to chose from $ut ( prefer trading only
once a day and on one currency )*P+%,.
*ut it&s up to you to pic your trading times $ased on your time a#aila$le
for trading.
,5:&T Trade ,uring :ews
(f there is a news e#ent and it occurs during your trading times7 ne#er
trade "= minutes $efore and "= minutes after the news e#ent.
For example7 if your trading times are from > a.m. ? @ a.m. and news
happens at A a.m.7 trade from >'== a.m. to >'"= a.m. and then from A'"=
a.m. to @'"= a.m.
For up to the minute news e#ents go to'
http'BBwww.forexnews.comBglo$alcalendarBdefault.asp
Fx Prime V2 (nstall
What ( really en!oy a$out the FX Prime V2 setup is that it is #ery easy to
read and #ery easy to understand. 6 lot of wor was put into the indicator
to mae it as simple as possi$le using V8 setups and filtering out the $ad
trades.
(n the FXPrimeCV2.zip file that was sent to you7 there should ha#e $een a
file named 2owTo(nstall.pdf that clearly explains how to setup the system
on your charts.
.ou should see " 3o#ing a#erages7 some arrows on the chart7 pin and $lue
$acground and the fx prime filter on the $ottom.
FX Prime V2 %etups
The setup is as follows.
1. The first thing that needs to happen is that the D ;36 and the 82 ;36
cross into the E= %36. 2ere&s an example of a cross'
%ee how the green ;ma and the red ;ma cross the flashy green lineF That is
the first step of a signal. :ow the optimal signal is when the red and green
lines are V;<. close together when they cross the flashy green line. What
this means is that it is mo#ing #ery well into the up or down direction.
When the lines are further apart when the cross happens7 the trade is a $it
risier. .ou will also hear an alarm go off when the ;mas crossG this is so
you don&t ha#e to $e glued to the screen.
2. The next thing we loo for is the Fx Prime Filter. When there is a
setup of the ;36 crosses7 we then wait for the FX Prime Filter to gi#e
us the go ahead. 5nce a $ar paints we enter the trade. 2ere&s how it
loos lie'
:ow the important part is this' The closer the signal happens after the
cross the higher the pro$a$ility of a winning trade. (f the signal occurs E
$ars after the cross7 you see long $ars and you are #ery far from the cross7
do not enter. The safest trade is when the cross happens and right after FX
Prime signals a trade.
The further away you are from the cross and the Fx Prime %ignal the risier
the trade. /This is something you will get the handle on7 and why ( lie to
get to now and trade one currency lie the $ac of my handH1
The ;xit %trategy
For the exit strategy we will use a #ery special 2eien 6shi indicator.
5nce you ha#e entered a trade you want to loo for the 2eien ashi
indicator to change color. 2ere is an example'
(n the graph a$o#e7 do you see how the 2eien ashi turned from red to
greenF When you get that green signal7 it is time to close the trade.
That was a 4E pip trade right there.
6s you can see7 the exit strategy is #ery strong and should gi#e you some
good pips.
Things to remember: Make sure you are trading during market opens 1
hour before and 1 hour after. Make sure that the trade is TIGHT i.e. when
the Emas cross the 5! they are tight"y s#uee$ed and you get an
immediate signa" from %& 'rime %i"ter. Get to know one currency and stick
to it. The more you get the fee"! the higher your win ( wi"" be.
3aing 6 Plan 6nd %ticing To (t
( would say that the system you are trading is only worth a$out "=I ? 4=I
of your own success as a trader. This system is great $ut... 6s soon as you
let your emotions get into the way7 it can tae you from a profita$le day to
a losing one #ery Juicly.
That is why you need to create a trading plan. 6nd %T(0K T5 (THH
6s a free $onus7 you ha#e recei#ed a file called
? FXCTradingC(ncomeC0alculator
This file will help you greatly in creating a plan and going for your pips
daily. 2ere&s what a trading plan loos lie.
%63P9; ,6(9. )569 9(%T 6:, <+9;%
8.)et at least A hours of sleep e#ery night
2.5nly trade the +%6 open from >a.m. ;%T L @ a.m. ;%T
".5nly trade )*P+%,
4.3ae sure ;36% are #ery tight when they cross
E.3ae sure the filter signal happens #ery close to the
cross
D.5nce "= pip target is hit7 ;:, trading day
>.(f more than " losses in a row7 ;:, trading day
A.Practice using strategy tester 8 hour on %at and %un
@.:e#er trade more than 2 hours a day
These are simple rules $ut they are important. %leep affects the way we
trade in a 2+); way. 6s for eeping your emotions out of the way7 you
need structure in your trading hours7 pips and currency traded.
(f you do not ha#e a plan and strict rules7 how are you going to get to your
destinationF Tae your rules sheet and mae sure it is #isi$le when you
trade. 5nce you ha#e made the trade and it happens to $e a loser7 loo at
your sheet and as yourself' ,id ( follow the rulesF *e honest with yourselfH
'1
The 9ast *ig %ecret
5n a closing note7 my mentors7 who were #ery successful in trading forex7
always ased me' What&s harderF )oing after 8== pips a day or going after
2=?"=F 5f course 2=?"=. %o7 why trade all day7 miss time with your family7
get stressed o#er trades7 when you can concentrate on accuracy instead of
the amounts of pips.
9ast closing Juote'
M(t&s not the amount of pips you mae in a day that counts. (t&s the accuracy
at which you tradeN
(t only taes a few pips a day to mae your in#estments grow. -ust use the
power of le#erage and compounding for maximum gain.
Than you again for $eing part of this #ery special group of traders and
$est of pips to youH
0anadianC,ude
Forex Risk Disclosure
Risks Associated with Forex and Trading
Trading foreign currencies is a challenging and potentially profitable opportunity for educated and
experienced investors. However, before deciding to participate in the Forex arket, you should carefully
consider your investent ob!ectives, level of experience and risk appetite. "ost iportantly, do not invest
oney you cannot afford to lose.
There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving
currencies involves risks including, but not liited to, the potential for changing political and#or econoic
conditions that ay substantially affect the price or li$uidity of a currency.
"oreover, the leveraged nature of F% could sustain a total loss of initial argin funds and be re$uired to
deposit additional funds to aintain your position. &f you fail to eet any argin call within the tie
prescribed, your position will be li$uidated and you will be responsible for any resulting losses. &nvestors
ay lower their exposure to risk by eploying risk'reducing strategies such as (stop'loss( or (liit( orders.
There are also risks associated with utili)ing an internet'based deal execution software application
including, but not liited to, the failure of hardware and software.
Trading foreign exchange on argin carries a high level of risk, and ay not be suitable for all investors.
The high degree of leverage can work against you as well as for you. *efore deciding to invest in foreign
exchange you should carefully consider your investent ob!ectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of soe or all of your initial investent and therefore
you should not invest oney that you cannot afford to lose. +ou should be aware of all the risks
associated with foreign exchange trading, and seek advice fro an independent financial advisor if you
have any doubts. Trading eans that any arket oveent will have an e$ually proportional effect on
your deposited funds. This ay work against you as well as for you.
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