We had an excellent response to the monthly webinars topics & I would sincerely like to thank each and everyone who attended it.
Just for reference, these were the 2 topics that were presented -
1.) Open session - The 1-2-3 chart pattern
A chart pattern is a distinct formation on a chart that creates a trading signal, or a sign of future price movements. Chartists use these patterns to identify current trends and trend reversals and to trigger buy and sell signals.
The 123 pattern is a reversal chart pattern which occurs very frequently and has a very high success ratio.
When the 123 pattern occurs at the end of trends and swings, they are an indication of a change in trend. They can also be found within a trading range, and they take place when the directional momentum of a trend is diminishing.
For any trading technique, one must understand its advantages and drawbacks.
Implementing the technique in the live markets is the crucial part and one must have a trading plan defining the precise entry, stop and exit levels.

2.) Premium session - The trend following 200 Moving Average strategy.
The 200 Moving Average strategy is a very easy to follow system which has a very high success ratio.
While the forex markets are highly trending markets, they tend to trend only 30% of the time, while 70% of the time is spent in a range.
Identifying and trading these trends would offer excellent profit potential.
This technique uses the two basic technical indicators – the 200 period Simple Moving Average & the Slow Stochastic to identify a trend valid across all time frames, and define precise points of entry and exit.

The sessions were highly interactive and we had interesting discussions on both the topics that we covered.
The first session of the 123 pattern was recorded, and it will be put up in the Transcripts section of FXstreet soon. I will also be putting up the recording on my website for downloads.
Also, as per the requests of a lot of attendees, I have put up the PDF of “The 1-2-3 chart pattern” on my website for free downloads.
This will be available on the FXstreet website too.
The PDF for “The trend following 200 Moving Average strategy” will be available in the ‘Reports’ section of the premium page.
I will put up the links here, once it has been done.

Once again, I want to thank all the attendees for making the sessions interactive & I look forward to conducting more of the same.

Sunil.