The RDS Forex System (ePub)

Inside a unique system that allows you to identify and trade keyturning points in the forex marketThe financial markets are in a constant state of affirming,breaking, and developing new support and resistance areas. Tradersuse a variety of methods to project support and resistance pointsbased on past price action. However, the question of whether thoseareas will hold or break in real time is a much more difficultcalculation. In The RDS Forex System, former pit traderMichael Radkay provides forex traders with a unique system foridentifying support and resistance zones in the foreign currencymarket and developing profitable trading strategies around thosezones.The system uses market volatility, momentum, and chart patternsto calculate support and resistance zones. As prices reach aspecific zone objective, trading strategies are put in place toprofit from the next movement. The book will show how this systemgives traders a continuous sense of the market's directional bias,identifies potential turning points, and recommends levels to takeprofits off the table.* Highlights the Rotating Directional System (RDS), acomputer-based, longer-term application of the methodology used bymany successful pit traders* Discusses how to use a variety of indicators to identifysupport and resistance areas* Reveals strategies employed to profit from market swingsThe RDS Forex System is an ideal guide for retail tradersactively involved in the forex market.