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8/12/2019 5 Exit Heroes
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The 5 Exit Heroes
Exiting Your Forex Trades For Maximum Profits
IMPORTANT : As an added bonus for downloading this report,
you also received additional free training videosTo access your bonuses, go to:
http:!!wwwsubli"efore#cha"pionsco"!
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Content & Quick-Links
Forex Exit Strategies, Page 2
ntroduction
!hen it comes to trading Forex"
one ski## that must $e
mastered%%%%% C#ick Here
u''ort()esistance
The first exit strateg*" and a#so
the sim'#est for ne+comers" is
using%%%% C#ick Here
Price Patterns
,#though it takes more
ex'erience to s'ot them" 'rice
'atterns%%% C#ick Here
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Forex Exit Strategies, Page 3
Fi$onacci Extensions
ne sim'#e +a* to determine
the right exit 'oint is
Fi$onacci%%% C#ick Here
Trend#ine Channe#s
!hen channe#s form +ithin an*
trend" this can a#so make an %%%%%
C#ick Here
Pi.ot Points
Pi.ot 'oints can easi#* $e used
to determine timing for%%%
C#ick Here
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ntroduction
When it comes to trading Forex" one ski## that must $e mastered is exiting the
trade% ure *ou need an entr* 'oint" a mone* management s*stem" and a good
genera# trading kno+#edge" $ut +ithout the right exit strateg* *ou ma* $e #ea.ing
mone* on the ta$#e% n this re'ort +e/## co.er 5 different strategies that +i## he#'
*ou to exit the trade at the right time%
Forex Exit Strategies, Page 4
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There are a fe+ +a*s to choose *our take 'rofits" and each ha.e their o+n uni0ue
ad.antages and disad.antages% ,#though there exists a .ariet* of +a*s to choose
'rofit targets" man* traders do not understand ho+ to make accurate 'rice
'ro1ections% ,s such a 'ro'er exit strateg* is needs%
,s an exam'#e" some traders use osci##ators to enter their trades% !hen a''#*ing
osci##ators the trader +ou#d then fo##o+ the osci##ator ti## it reaches an o.er$ought
area and then decide to se##% n the f#i' side" the* +ou#d $u* +hen an osci##ator
reaches an o.erso#d #e.e#% 2ut $* using osci##ators the* cannot determine 'rice
ranges and as such the* ha.e no idea +hen to exit the trades%
Here are some im'ortant conce'ts +hen *ou are de.e#o'ing exit strategies that
+ork3
4 u''ort(resistance
4 Price 'attern target measurement
4 Fi$onacci extensions
4 Trend #ine channe#s
4 F#oor trader 'i.ots
n this re'ort +e/## co.er a## fi.e of the strategies #isted% ur intention here isn/t to
te## *ou 6take 'rofit at this 'oint7% )ather +e +ant to gi.e ideas on ho+ to create
the $est exit strategies for *our trading s*stems and trading st*#e%
Forex Exit Strategies, Page 5
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The 8st Exit Hero3
u''ort()esistance
The first exit strategy, and a#so the sim'#est for ne+comers" is sim'#* using the
nearest su''ort(resistance areas as the targets for taking 'rofits% This is one of the
most common of a## the 'rofit targets since su''ort and resistance are eas* to find
on the charts%
The ad.antage to using su''ort(resistance to determine 'rofit targets is that it/s
0uite sim'#e% You sim'#e fire u' an* chart and dra+ *our su''ort and resistance
#ines% The disad.antage in this case is that the method doesn/t +ork if *ou/re
Forex Exit Strategies, Page 6
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trading $reakouts or trends that ha.e $eat the su''ort(resistance #e.e#s% n fact" this
s*stem is $est suited to those +ho a#so use su''ort(resistance as 'art of ho+ the*
determine their entr* 'oints%
n that case *ou +ou#d enter +hen the currenc* 'air $ounced off a su''ort and(or
resistance and then exit +hen it hit the next resistance or su''ort%
Ha.ing said that" su''ort and resistance #e.e#s can $e used to determine exit 'oints
on an* trade 9assuming that the currenc* 'air is +ithin a range +here it has
're.ious#* $een:% To use this method *ou +ou#d3
8%Look at the next timeframe chart a$o.e +hat *ou are trading 9if *ou/re trading a
one hour chart" chart the su''ort(resistance on the four hour:%
;%Chart the #ong-term su''ort and resistance #e.e#s%
<%=se those as *our 'rofit targets for *our trade%
t/s a#so suggested that *ou chart the ma1or(minor su''ort and resistance #e.e#s on
se.era# other charts% >no+ing +here these #e.e#s are on the #onger and shorter term
charts +i## he#' to ensure that *ou are a$#e to +atch that #ong trade as it nears a
minor resistance from another timeframe" and in turn $e a$#e to exit if things turn
around%
Forex Exit Strategies, Page 7
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The ;nd Exit Hero3 Profit Target
Measurement
Although it taes more ex!erience to identif* them" 'rice 'atterns can $e used as
an exit strateg*% n this case the 'atterns are used to create a 'rofit target
measurement" $* #ooking at +hat has ha''ened and attem'ting to determine +hat
+i## ha''en%
There are man* different t*'es of 'rice 'atterns% ome exam'#es inc#ude3
4 )ectang#es
4 Triang#es
4 !edges
4 Pennants 9'rice f#ags:
4 ?ou$#e To's
4 ?ou$#e 2ottoms
4 thers
There are actua##* a num$er of +a*s to use 'rice 'atterns to *our ad.antage% ,s an
exam'#e dou$#e to's or $ottoms can $e used to determine more than 1ust entr* 'oints" the* can gi.e *ou an exce##ent '#ace to exit the trade%
Looking at the chart on the next 'age" *ou can see the dou$#e $ottom +e/.e sho+n"
and there/s a#so a dou$#e to'% t/s 0uite sim'#e to ca#cu#ate that there are
Forex Exit Strategies, Page "
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a''roximate#* ;5@ 'i's $et+een the dou$#e to' and dou$#e $ottom and then use
that as a 'rofit target%
Like+ise other 'rice 'atterns ma* $e used to determine +hen the most a''ro'riate
time to exit the trade is%
Forex Exit Strategies, Page 9
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The <rd Exit Hero3 Fi$onacci
Extensions
Forex Exit Strategies, Page #$
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Another excellent %ay to manage *our trades entire#*" and set take 'rofits that
mo.e +ith the trade" is $* using Fi$onacci extensions% 2* using this method to
create *our take 'rofit #e.e# *ou not on#* can find a target" $ut *ou can use the
Fi$onacci to mo.e *our target if the trade continues in *our fa.or%
Take a #ook at the chart $e#o+3
n Forex" +hen *ou use Fi$onacci charts" *ou/## find that currencies often $ounce
at the <AB" 5@B" 8%A@B" DA%@B" 8@@B" 8;DB" etc" #e.e#s% Looking at the chart
a$o.e *ou can see that the currenc* 'air $ounce $et+een 5@B & ;<B a num$er of
times $efore continuing on to an extension%
Forex Exit Strategies, Page 11
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The fact that the currencies 'rice tends to $ounce on Fi$onacci #ines" makes it
sim'#e to use these 'oints as an exit strateg*% You can enter *our trade +ith the
'rofit target of DA%B" and then mo.e *our target it the 'rice mo.es 'ast that 'oint%
,ssuming it didn/t $ounce at DA%B" *ou ma* set *our next 'rofit #e.e# to 8@@B"
and then mo.e to 8;DB as the 'rice mo.ed through that 'oint% You can a#so use
the Fi$onacci extensions to manage *our sto's and 'rotect *our 'rofits as the trade
mo.es in *our fa.or%
,nother +a* to use Fi$onacci to manage take 'rofit #e.e#s is +ith Fi$onacci fans3
This is s#ight#* more com'#icated so +e +on/t co.er it in detai#" $ut it has the
ad.antage of sho+ing Fi$onacci ratios that mo.e +ith *our trade% You/## find that
the 'rice in an* u'trend or do+ntrend often fa##s $et+een an* t+o #ines of the
ratios on the fan% nce the 'rice mo.es outside of those t+o #e.e#s the trend is
usua##* o.er and it/s time to exit 9of course if it mo.es in *our fa.or" it/s #ike#* a
Forex Exit Strategies, Page #2
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$reakout and *ou shou#d dra+ a ne+ Fi$onacci fan to 'rofit from it:%
The th Exit Hero3 TrendLine
Channe#s
!hen channe#s form +ithin a trend the* can a#so make exce##ent exit 'oints 9the*
a#so +ork +e## for entries:% This idea fo##o+s a##o+ the same #ines as the Fi$onnaci
fan idea +e shared ear#ier" $ut in this case +e/re using trend #ines instead of a fan%
Forex Exit Strategies, Page 13
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Take a #ook at the chart $e#o+ +ith a trend#ine channe# dra+n3
Looking at the trend#ines dra+n a$o.e" it $ecomes c#ear ho+ sim'#e this too# is to
use to determine exit 'oints% f *ou/re in a trade +here the 'rice is current#*
$et+een t+o trend#ines" *our 'rofit target shou#d $e the trend#ine itse#f%
!hen these t*'es of channe#s form *ou/## find that most of the time the 'rice +i##
$ounce $et+een the #ines and +i## #ike#* continue to do so unti# something ha''ens
to change the 'rice 9i%e% a ne+s re#ease" a ma1or su''ort(resistance #e.e#" etc:% This
can make trend#ine channe#s an exce##ent trading too# in genera#% You can ride the
trend $oth +a*s and 'rofit from the u' and do+n mo.ement $et+een channe#s%
Forex Exit Strategies, Page #4
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t shou#d $e noted here that trend#ine channe#s are simi#ar to using su''ort and
resistance #e.e#s to find *our 'rofit targets% n this case though the
su''ort(resistance mo.es +ith the trend 9+hich it usua##* does an*+a* - +e/re 1ust
dra+ing it that +a*:%
The 5th Exit Hero3 Pi.ot Points
Pi.ot 'oints are the a.erage resistance #e.e#s 9)8" );" and )<: and the a.erage
su''ort #e.e#s 98" ;" and <:% Most charting soft+are a##o+s *ou to add 'i.ot 'oints" and these 'rice 'oints can easi#* $e used to set 'rofit 'oints%
Forex Exit Strategies, Page 15
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!hen using this method *ou shou#d ca#cu#ate the 'i.ot 'oints for the time frame
*ou/re trading and for the t+o time frames a$o.e it% For exam'#e if *ou +ere
trading the hour charts" *ou +ou#d +ant to kno+ the 'i.ot 'oints for the -hour"
dai#*" and +eek#* charts%
Ho+ *ou use these 'i.ot 'oints +ou#d de'end a #itt#e on ho+ *ou/re trading% 2ut"
the reason this 'articu#ar exit strateg* +orks +e## is $ecause 'i.ot 'oints are
'redicti.e rather than #agging% n other +ords" +e can determine the future su''ort(
resistance #e.e#s using a.erages rather than 1ust using 'ast #e.e#s%
n the chart a$o.e the center#ine in the chart a$o.e is the PP 9'i.ot 'oint% ,$o.e
that #ine *ou ha.e )8" );" and )<% 2e#o+ it *ou ha.e 8" ;" and <%
These #ines re'resent the a.erage su''ort and resistance #e.e#s for the currenc*
'air% Each )( #e.e# is the resistance #e.e# +here *ou ma* ex'ect the currenc* 'air
to turn around%
Forex Exit Strategies, Page #6
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,s an exam'#e" if +e entered a #ong trade at the 'oint on the chart and the trade
mo.e in our fa.or" +e can ex'ect the currenc* 'air to find resistance at )8% f the
'rice $reaks through )8" then the next ma1or resistance #e.e# shou#d $e found at
);% ,gain" if it $roke through );" then +e +ou#d ex'ect it to continue to )< 9the
); #e.e# then $ecomes a su''ort #ine rather than a resistance #ine:%
There are actua##* a num$er of +a*s to use 'i.ot 'oints as take 'rofits% You cou#d
enter a three #ot trade and set each )( #e.e# as the take 'rofit #e.e# for one of those
#ots% r" *ou cou#d sim'#e use the 'i.ot 'oints as a method to mo.e the 'rofit
targets and sto's on an* trade% !e kno+ that once the 'rice $reaks through a
ma1or su''ort(resistance" that same #e.e# changes to the o''osite 9a su''ort
$ecomes a resistance and .ice .ersa:% >no+ing this can make 'i.ot 'oints an eas*
method for creating an exit strateg* that +orks%
&onclusion
You no+ ha.e fi.e different ideas for setting 'rofit targets $ased on the current
market d*namics% !ith a## fi.e of the methods #isted" rather than gi.e *ou actua#
num$ers or targets" +e/.e gi.en *ou ideas that can $e used to ensure *ou maximiGe
the 'rofits from a## of *our trades%
The $est +a* to use the information *ou/.e $een gi.en is to master at #east t+o of
these ideas $* a''#*ing them to *our trading strategies% nce *ou the ski##s needed
to use a cou'#e of exit strategies +e##" *ou/## a#so ha.e the kno+#edge needed to
maximiGe the 'rofits from *our trades%
Forex Exit Strategies, Page 17
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E.en +hen *ou/re trading s*stem gi.es *ou *our exit strategies" it can $e +orth
#ooking at the methods *ou ha.e to see if *ou can/t im'ro.e it% You/## often find
that $* sim'#* +orking +ith some of the ideas *ou no+ ha.e" *ou/## $e a$#e to
'rofit more from a## of *our trades%
8@ extra 'i's once ma* not seem #ike a #ot% Ho+e.er" if *ou manage to s0ueeGe 8@
extra 'i's from 5@ trades $* sim'#* kno+ing a cou'#e of different exit strategies
that can 0uick#* add to *our account $a#ance%
ho'e *ou en1o* the .ideo" and most im'ortant#*" im'ro.e *our trading using
those sim'#e ru#es +e ha.e gone through in this training% 2ut +e/re 1ust getting
started%% n the next .ideo in this series" /m going to gi.e *ou some more
im'ortant $rand-ne+ trading conce'ts" 'rinci'#es" and strategies" and exam'#es of
ho+ to a''#* those in rea# #ife trading" and thats gonna $e free as +e##%
o '#ease $ear +ith me for a cou'#e of da*s as /m getting it done for *ou%
2e on the #ookout for it" and make sure *ou dont miss it%
2efore ca##ing it a da*" heres something e#se +ant to share" and think *ou might
$e interested% The stuff *ou #earnt a$out The Fi.e Exit Heroes 1ust no+ in this
.ideo are the resu#ts of *ears of tria# and error" testing" and co##ecting successfu#
exit stategies% The* are the a$so#ute#* $est +a* to exit the trade for #ong-term
success% 2ut it/s 1ust scratching the surface% !e/## $e ta#king a$out these Fi.e Exit
Heroes in a #ot more detai# on the +e$inar +e/## $e ho#ding% ,nd +e +i## a#so
ans+er a## the 0uestions *ou might ha.e regarding these exit methods% To register
for the +e$inar" '#ease go to
Forex Exit Strategies, Page #"
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htt'3((+++%su$#imeforexcham'ions%com(+e$inar
n the +e$inar" +e/## gi.e *ou a demonstration and sho+ *ou #i.e in action ho+
a## fi.e exit heroes are integrated in our ne+ trading so#ution named the u$#ime
Forex Cham'ions% f course" +ith the information +e gi.e *ou in this .ideo and
on our free +e$inar" *ou a#read* ha.e enough kno+#edge to $ui#d *our o+n
trading method around these 'o+erfu# exit strategies% 2ut" +hat if it/s a## ?IE
F) Y=" +hat if a## fi.e exit strategies are ,L)E,?Y incor'orated in sim'#e
'ieces of a#gorithm that te##s *ou EJ,CTLY +hen to exit the trades the right and
'rofita$#e +a*K You +i## ha.e a chance to +itness it first-hand on our +e$inar
+hen +e demonstrate #i.e ho+ the s*stems inside our u$#ime Forex Cham'ions
cou#d do it a## for *ou%
o if *ou +ant to #earn more a$out ho+ +e/.e 'ut together a## the e#ements that
*ou/re going to need to $e a forex cham'ion 1ust go to
+++%su$#imeforexcham'ions%com(+e$inar
F E i S i P 19
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