No-Bs Forex Trading System Give Away Rights Ebook

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There will be no fluff, no hype whatsoever in this system. It’s written in a straightforward, no-nonsense manner. The main components of No-BS System is a candlestick pattern called hammer and special types of price support and resistance known as pivot levels.

1. Hammer

You may already read about hammer candlestick pattern elsewhere. However, clear and concise methods of defining what a hammer is and how to trade hammers are never mentioned.

Here is how we define a perfect hammer pattern:

a. The lower wick (the tail) is at least twice as large as the body and the upper wick.
b. It’s located at major support.

The above photo shows a good hammer. Notice the lower tail of the candlestick is much bigger than the body and the upper wick.

Rules for defining an inverted hammer are just the opposite:

a. The upper wick is at least twice as large as the body and the lower wick.
b. It’s located at major resistance