so I had a friend asked me if i've ever heard of Forex trendy and quite honest I did not so i signed up to check it out to look inside of it and see what was all about not just be up front here I'm a traitor first I'm not a marker I've seen these other videos on YouTube and these people that are putting these videos out for pretty much any trading product they're just looking for your buck they would not know a pic from a point leverage is foreign to them they're not traders period so i'm looking at this from a trader standpoint not a marketing standpoint i tried mile away I don't trade systems have no method mostly using price action however let's take a look at Forex trendy and this is a real review of it on google what I think of it and be quite honest I think it's actually a really decent product first off the name trendy should give it away it's about finding trends now there are so many different types of trends right there short-term what translators there's small timeframe trends there's all different kinds of trends and someone says to you what's the trend it's all time frame dependent so the first thing is is you get a lot of Forex pairs that you can scan for trends that's huge and on different time frames as well which is also huge you look down just below here we've got all these time frames here all the way from a minute chart all the way up to the monthly chart extremely handy i think so anyhow because if you've been training you've seen the market recently been a lot of shop a lot of back-and-forth whipsawed type of action has not really been too many strong trends in forex and futures in commodities it's just been a really tough go right now so having something like Forex trendy to scan all these different pairs for you as well as gold and silver foil I think that's extremely extremely handy and it's it's actually really great depending on what system tray now let's be honest forex trendy is not a trading system by itself ok it's gonna tell you where the trends are located and you will find your own way to train it and I touched on something in a couple minutes here about the patterns which are phenomenal so let's get keep going on here so all you do is check out spares you want to scan for the timeframe to charge you want to show him to the bars is actually pretty decent to look at you can go higher to 300 200 nice nice number to use an alert when trend drawdown falls below 15-percent this is actually a really good way they do this all right let's take a look at trends for example you can see here we've got different currency pairs got the new zealand dollar us all the hourly chart US dollar knock and ok euro CHF anyways a whole bunch of different pairs mostly pairs of people mostly in trade mostly just stick to the to the to the majors let's just take a look here for example this makes throw you off a little bit that does have 1570 tips for drawdown for the trend let's go something more in line here we got trend drawdown 24-percent 96.
6 pits that's the new zealand dollar us ok getting the more button where to go so make sure you can get all this underneath here there we go it tells you what the trend is on the minute the five to fifteen all ones that we had checked all right i'm more of a swing trader anyhow I look for for our charts daily charts but you're just using the new zealand dollar one-hour chart you would see that we are in a trend how early they showed you it was a trend i don't know i just checking us out here but it couldn't tell you is a trend way back here alright another thing that we talked about trend drawdown what you see right here what it's referring to and I think this is actually really good as his blue line here it's talking about these retracements write these corrective moves against the overall downtrend alright it's actually a pattern it's called symmetry and what this is telling you these corrective declines look for the largest one and according to this because it's marked off and blew this is the largest corrective move ok so it's saying is that you're going to get pull backs against the movie called corrections against the impulse move down and all this is telling you is that the biggest one is 96.
6 pips on this timeframe on the hourly chart this is really great because then you can judge how much adverse movement you're going to get against your positions now use the term symmetry symmetry is where you project this move from this move from this move and you try to find where the pull backs are going to terminate its actually using the one-hundred-percent retracement sorry not retracement extension I'm gonna cover that in another video because i think it's really good topic and something i use anyways in my own trading which I find very very useful so this will tell you let's say for example you got into this trade here right we know that so far a normal retrace would be nice this point six pips anything more than that it could tell you this downtrend is in jeopardy right this is a basic training idea you have your stop about 96.
6 pips away so surrounded hundred pips away people probably think that's a lot right when I just go tight well the problem with tight stops is which saw before the move funny goes in the direction of size huge and mostly people use tight stops because they want a larger position size that's the wrong way to trade you know people put their stop here and works on this one doesn't matter you're going to want to stop up here somewhere because even its levels violated here it doesn't mean that this down movies vial is violated ok the downtrend so whatever way you trade this is actually a really good way to scan for different currency pairs to see where your opportunities depending on whatever system you trade which one is trending and what is a normal retrace move in that pair fantastic patterns this is great as well patterns are phenomenal I'm mostly into flags and you can actually look at any trading chart pattern and what what are they right there consolidations right more or less until they break out so there's so many different names right we've got falling wedge flags triangles I just look at him and just one term just as como flags right guys are all some variants of a flag anyhow so what this will do it will tell you when you've got a chart pattern setting up ok i only have three charts and get some more charts here so we can take a better look here 22 slow down my computer that's ok now we've got a lot more chart so let's look at our US dollar it's showing just a trend line so how you can trade trendline right you trendline bounces you saw that pulled back here are three touches here let's keep going here Ozzy New Zealand its forming a triangle this is a really large triangle but again you're looking at the early chart i love patterns on higher timeframes this on the US dollar cad is a flag on gold ever rising wedge you see what happens here and out of these kinds of movements you can get some really great trades so what we have got this line here you see price is making higher highs into this area here when things break out they usually do so with some strength right so overall it's going to show you what patterns are in play which is absolutely a great tool to use and if you haven't been trading patterns i suggest you look at patterns completed patterns this is actually really good so we can look back at some of them okay let's just look at my favorite stuff triangles is a cell signal right let's take a look and you can see here we've got a breakthrough here the cell signal was at 106 night for so it just basically broke so already you're in of our pics of profit which isn't much but then again looking at a 15 minute chart not my my thing new zealand dollar japanese yen hourly on a flag was a by at seven 763 to go here we go you see that broke out you're still milling about here right if you anything about patterns when these break you want to see you know price going your favorite quite quickly what we're getting here is prices kind of setting aside on this line here right through here these strong moves you want to see the breakout so you're going to one know how to manage the trade your old Japanese and for our chart never get into some really good swing trading ideas this is a falling wedge is a buy signal at 11-3 water 13.
8 while you can see here it broke out and it did so with some strength these are great moves and if you miss the original breakout right you can see this red line here this red candle is a pullback to get this straight so this actually phenomenal is a hundred thirteen and I have a hundred seventeen its four hundred pips that's great pingel kind of con structure trading if you're you're trading a standard lot no this is your japanese yen so it's gonna be a bit different so let's keep it that standard lot when you ten bucks a pip all right if you're just treating minis you're looking at a buck a pip so for two bucks four thousand bucks depending account size again looking into more swing Trace a buy signal on the euro/us dollar well you can see this one didn't do so well it was a break at 1187 it broke out but you can see it class back in this is why you want to make sure you understand money management and stop placements okay look again at euro Ozzy a weekly chart falling wedge buy signal where to go go it was a buy signal we're right here at 150 for 150 40 could be this one here i'm not sure what actually this broke out 5040 so this one here so you got some nice move on this from 5076 up to 63 great trade on a weekly chart here very very nice so you can see that just by looking at the patterns understanding trend you can do very very well just by trading simple you don't need all mess of indicators all right Ozzy japanese yen but were down into these are emerging patterns ok these are patterns that are setting up they haven't fired off yet so you can actually bring up your chart whatever-it-is NinjaTrader metatrader TradeStation does not train station and they don't really do for any more water training policy platform you use AI like sierra charts what i use you just marquise off and look for yourself which is another great tool just pause here for a second so I can scroll into here to show you that also has email alerts which is great you can send email alerts want to check that send alerts with your settings right so you gotta keep this going on here with your own settings or with the default settings that are already set up so you get all these kind of different pairs and this actually not too bad this is where you can get on the movies they've the jump out a lot of people I've seen some of the YouTube comments of said well the trends already going on the patterns already gone he can't get involved but that's that's just people not understanding trading there's always opportunities to get involved for me i enter a close i don't use limit orders that you stop orders ok so I all trade in today so if i had a breakout on a pattern for example this is dropping to hear i'll just use this one here on the drop here when this broke out and close i would place a stop order sell stop to go short right here right some traders use limit orders for the pullback you could do that is a big problem limit orders i'll discuss that in a future video or if you don't know just send me an email or just drop a comment down below so that just about wraps this review up i think it's a great product I think it's a great product because we're going to understand more about trends we're going to have something that's going to scan for transform us to put on whatever system you're using it doesn't matter if you're using a robot or whatever are you using which I would never use which is a robot whatever strategy you're using knowing which trend is strong on which pair which time frame is there the the the strength of knowing that I can't overstate that or under state that because it's so important patterns understand what patterns are how to trade patterns again it's another great tool to have as a trader understanding how you're going to supply signal in this one this is this is these are great trades anyhow at some let's wrap this up here so let's take a look at Norfolk ebooks read absolutely little complex software isn't it's all done their server you don't download anything life charge the best training currency pairs and timeframes audible alerts email alerts that's huge opportunist yeah this is great to find your best pair of you you would like to trade a quick overview of the trends and timeframes vital this is great too this is brand-new I guess they just started adding that which is great let's take a look here no the trans crucial it's crucial depending on what your trading some people are don't trade the trend all the training me they trade mean reversion which is the pull backs against the trend but training for most people the way they should go no indicators absolutely determined by price action they clearly didn't tell you how they do it that's fine you don't need to know you can figure out yourself i guess just by maybe using higher higher lows I don't know the software runs on our computers that's great too ok so you don't have to install anything so you don't have to worry about what you need meditator all you need ninjatrader you don't need anything except a log in they asked true as I can't this is so accurate a lot of systems that you see promoted they'll give you best case scenarios and they'll do in the markets trending will give you time to miss training but once you get into the shop you get whipped side out unless you change your approach totally agree with that there's not a whole lot of hype on this but I'm huge of that that's a live charts audible alerts again you know what I think it's a great product I think it's something that if you're trading the spot market the forex market you know what i would grab it no reason why you shouldn't the pricing is it's 37 bucks and then it's 37 bucks every three months you know that's what about behind me contractor trade you know that could just be almost just four pips on a standard contract so anyways I gotta link below click that link or click the link that you'll click the link that you'll see here in the video here any questions stick them in the comments section right or head or my website drop me an email and i'll help you out if you do purchase it you need some help with it semi or your clickbank number and I'll confirm you bought it through me and we'll deal with it alright thanks for watching.