Macro Levels Trading Strategy
Macro Levels Trading Strategy By Michael Nurok www.traderselite.com
RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT
Trading any financial market involves risk. This report and all and any of its contents are neither a solicitation nor an offer to Buy/Sell any financial market. The contents of this material are for general information and educational purposes only [contents shall also mean the website http://www.traderselite.com (“the site”) the content is hosted on, and any email correspondence or newsletters or postings related to such website]. Every effort has been made to accurately represent this product and its potential. There is no guarantee that you will earn any money using the techniques, ideas and software in these materials. Examples in these materials are not to be interpreted as a promise or guarantee of earnings. Earning potential is entirely dependent on the person using the product, ideas and techniques. We do not purport this to be a “get rich scheme.” Although every attempt has been made to assure accuracy, we do not give any express or implied warranty as to its accuracy. W e do not accept any liability for error or omission. Examples are provided for illustrative purposes only and should not be construed as investment advice or strategy. No representation is being made that any account or trader will or is likely to achieve profits or losses similar to those discussed in this report or on http://www.traderselite.com on the sites. Past performance is not indicative of future results. By purchasing any content, subscribing to our mailing list or using the website or contents of the website or materials provided herewith, you will be deemed to have accepted these terms and conditions in full as appear also on our site, as do our full earnings disclaimer and privacy policy and CFTC disclaimer and rule 4.41 to be read here with. So too, all the materials contained within this course, including this manual, whether they appear on our domain(s) or are in physical form, are protected by copyright. "W arning: The unauthorized reproduction or distribution of this copyrighted work is illegal. Criminal copyright infringement, including infringement without monetary gain, is investigated by the authorities and is punishable with imprisonment and a fine." We reserve all our rights in this regard. Traders Elite, in association with http://www.traderselite.com its sites, content, and its representatives do not and cannot give investment advice or invite customers or readers to engage in investments through this course or any part of it. The information provided in this content is not intended for distribution to, or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. Hypothetical performance results have many inherent limitations, some of which are mentioned below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and actual results subsequently achieved by any particular trading program and method. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program or system in spite of the trading losses are material points that can also adversely affect trading results. There are numerous other factors related to the market in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results. All of which can adversely affect actual trading results. We reserve the right to change the set terms and conditions without notice. You can check for updates to this disclaimer at any time by visiting http://www.traderselite.com. Governing law: this policy and the use of this report / course / DVDs / eBook, provided in any form, and any content on the website are governed by copyright laws. Further details on this are found under the Terms and Conditions on our site. Please ensure you read and agree with all Terms and Conditions as set out on our site before using any of the materials. Your use and reliance on the materials is based on your acceptance of such Terms and Conditions and policies as appear on the site.
www.traderselite.com
Macro Levels Trading Strategy
INTRODUCTION Hi, I'm Michael Nurok and I want to congratulate you on downloading this report on the strategy that I call, “Macro Levels”. This system came about as a result of requiring a trading strategy to identify major and significant levels of support and resistance. Throughout my trading years, I have realized that you should always: “Buy above support levels and sell below resistance levels” The Macro Levels that I determine are based on major highs, lows and consolidation areas of the monthly, weekly and daily time frames. Because they are based on solid historical data, they act as strong support & resistance levels, otherwise known as “Investor Levels” representing potential profitable entry levels. The investor levels can be highly reactive and work well on their own or in combination with virtually any trading system. The strategy of entering trades at, or very near, these Macro Levels depends on how price acts around these levels and in particular, where the bar closes. The price-action gives us insights on whether they should be viewed as a Support Level or Resistance Level and therefore, whether we should be looking at buying or selling the symbol. Like “trading with the trend”, you should always buy when support is below your entry point and sell when resistance is above your entry point. It’s this understanding of the way the market operates, that motivated me to devise a system that would allow me to enter trades with a high probability of success. As well as providing entry points, Macro Levels also provides a trader with good target levels that offer me a high probability of success, without closing the trade prematurely. This system can generate great trade opportunities for you, but only if you stay disciplined and stick to the rules. Read the manual to the end and install the template and presets on your charts. The system works best on the 1 hour and 4 hour time frames.
3
www.traderselite.com
Macro Levels Trading Strategy
INVISIBLE FORCE FIELDS Think of these support levels and resistance levels as “Invisible Force Fields”. Invisible Forex Fields are the critical support levels, resistance levels and consolidation levels in the market. Think of them as the lines in the sand that traders use to determine whether a price is supported or is under pressure. They are extremely powerful and traders trade against them at their peril. In fact, these levels become physiological levels and in terms of the direction of price, become selffulfilling prophecies of which direction the price is most likely to go. When price tests a key resistance level and it fails, then typically the price will fall. The level may be tested again and if it fails again, the level denotes that price will struggle to go higher and the sellers in the market (the bears) are in control. Therefore, trying to buy contrary to these levels is likened to a child bouncing on their bed and hitting their head on the ceiling… no matter times it’s done, the probability is that the ceiling will not break and all you end up with is a giant headache. Moral of the story; never try to buy into a trade, close to key resistance levels. The inverse is true for key support levels. Think of them as a concrete floor. No matter what you do and how much you jump up and down, you can’t break through. The price may test this support level but if you notice that the price reacts significantly… or even violently to this level, then you know that this level is like an ambush waiting to happen with buyers (the bulls) ready to stampede all over you. Like the resistance level, the more this support level is tested with price failing to break and hold below the level, the stronger the level of support. Moral of the story; never try to sell into a trade, close to key support levels. On the other hand, buying at support levels can benefit you greatly by getting into a trade that rallies significantly simply by trading “with” the key level. And likewise, selling at resistance levels can benefit you greatly by selling into a trade where price falls dramatically. Whichever way you’re trading, the end result is the manifestation of high probability trades that are typically much bigger than when you don’t trade at these significant levels. So how do you identify these levels?
4
www.traderselite.com
Macro Levels Trading Strategy
Well, it’s quite easy. Whatever time frame you are trading on, you can see highs and lows displayed as pivots. For a high, you can spot them by seeing bars rise up to a high and then drop down, with the close on either side closing lower than close price of the bar that made the high. With lows, the inverse is true; you will notice bars falling to a low after which the price rises, with the close on either side of the low bar, closing higher than the close of the low bar. But to determine critical institutional levels that the big players adhere to, then do the same on the 4 hour and daily charts. Additionally, take note of where price remained in a tight range for an extended period and this will provide you with the area that has previously been used as a consolidation zone which also can be used as either a key support or resistance level. Once you have done that, you can now trade your time frame and be aware of where these “invisible force fields” exist. The end result is that you will now have a huge edge on traders that are unaware of these important levels and be able to trade accordingly to take advantage of buying off support levels and sell off resistance levels.
5
www.traderselite.com
Macro Levels Trading Strategy
TRADING WITH LEVELS What’s better when entering trades? Entering trades when; all the indicators of your strategy are confirming a potential trade? Or; Entering trades when; (1) all the indicators of your strategy are confirming a potential trade, and (2) the price is at a key support or resistance level that is in line with your intended trade direction? What’s better when setting targets? Setting a “blind” target of a ratio amount based off the stop loss? Or; Setting targets based around key support or resistance levels. By setting your targets just prior to the significant level, you improve the probability of bigger targets being locked in. If you didn’t take these levels into consideration, you would be either taking your profits too early or attempting to lock in profits too late. Both outcomes are not desirable if you want to maximize your capital growth. Therefore, when buying, make sure that your entry is above a Macro Level and you take profits prior to (below) the next Macro Level. And conversely, when selling, make sure that your entry is below a Macro Level and you take profits prior to (above) the next Macro Level.
6
www.traderselite.com
Macro Levels Trading Strategy
BUY RULES 1. Price must be in close proximity to a Macro Level and have closed above it 2. Enter the trade at the open of the new candle following the candle that provided the setup signal 3. Place the Stop Loss a few pips below the Macro Level 4. Take Profit 1 is set halfway to the next Macro Level. Take Profit 2 is set to a few pips below the next Macro Level. Take Profit 3 is set to a few pips below the 2nd next Macro Level *
7
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Macro Levels Trading Strategy
* Minimum risk-reward ratio should be 1:1, but preferably at least 1:2 or higher. If you are trading for a higher risk-reward ratio, it is important to trail your trades with a stop that’s locking in profits at appropriate times.
BUY STEPS 1. Price must be in close proximity to a Macro Level and have closed above it
8
www.traderselite.com
Macro Levels Trading Strategy
2. Enter the trade at the open of the new candle following the candle that provided the setup signal
3. Place the Stop Loss a few pips below the Macro Level
9
www.traderselite.com
Macro Levels Trading Strategy
4. Take Profit 1 is set halfway to the next Macro Level. Take Profit 2 is set to a few pips below the next Macro Level. Take Profit 3 is set to a few pips below the 2nd next Macro Level
10
www.traderselite.com
Macro Levels Trading Strategy
SELL RULES 1. Price must be in close proximity to a Macro Level and have closed below it 2. Enter the trade at the open of the new candle following the candle that provided the setup signal 3. Place the Stop Loss a few pips above the Macro Level 4. Take Profit 1 is set halfway to the next Macro Level. Take Profit 2 is set to a few pips above the next Macro Level. Take Profit 3 is set to a few pips above the 2nd next Macro Level *
11
www.traderselite.com
Macro Levels Trading Strategy
* Minimum risk-reward ratio should be 1:1, but preferably at least 1:2 or higher. If you are trading for a higher risk-reward ratio, it is important to trail your trades with a stop that’s locking in profits at appropriate times.
SELL STEPS 1. Price must be in close proximity to a Macro Level and have closed below it
12
www.traderselite.com
Macro Levels Trading Strategy
2. Enter the trade at the open of the new candle following the candle that provided the setup signal
3. Place the Stop Loss a few pips above the Macro Level
13
www.traderselite.com
Macro Levels Trading Strategy
4. Take Profit 1 is set halfway to the next Macro Level. Take Profit 2 is set to a few pips above the next Macro Level. Take Profit 3 is set to a few pips above the 2nd next Macro Level
14
www.traderselite.com
Macro Levels Trading Strategy
CONCLUSION Congratulations on finishing this report on the Macro Levels. You are now on your way to using Macro Levels for your trading and identifying excellent entry points at support buy zones and resistance sell zones. This system is designed to get you involved in trades that can experience significant moves as the price moves from one Macro Level to another. Quite often, your trades will generate a much bigger risk-reward ratio than you are probably used to however you must accept that these trades can take days to fulfill these results. Remember to lock-in profits just in case price reverses. Naturally, watch out for reversals at the next Macro Levels and be aware of how price reacts at these critical levels. I sincerely enjoy feedback and helping traders succeed so please contact me with any questions you have or just to tell me how you’re going. Remember, no one ever wins all the time, regardless of what system is being. However, using Macro Levels will typically help traders regardless of what other system is used. Naturally, you can use Macro Levels on its own. Please give trading the time, energy and respect it deserves if you want to succeed as a trader in the long term and I look forward to seeing you in the members area and on social media as we continue to trade the markets. As always, do your best to stick to the rules and be consistent with the trades you take.
Good trading & live well,
15
RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT
Trading any financial market involves risk. This report and all and any of its contents are neither a solicitation nor an offer to Buy/Sell any financial market. The contents of this material are for general information and educational purposes only [contents shall also mean the website http://www.traderselite.com (“the site”) the content is hosted on, and any email correspondence or newsletters or postings related to such website]. Every effort has been made to accurately represent this product and its potential. There is no guarantee that you will earn any money using the techniques, ideas and software in these materials. Examples in these materials are not to be interpreted as a promise or guarantee of earnings. Earning potential is entirely dependent on the person using the product, ideas and techniques. We do not purport this to be a “get rich scheme.” Although every attempt has been made to assure accuracy, we do not give any express or implied warranty as to its accuracy. W e do not accept any liability for error or omission. Examples are provided for illustrative purposes only and should not be construed as investment advice or strategy. No representation is being made that any account or trader will or is likely to achieve profits or losses similar to those discussed in this report or on http://www.traderselite.com on the sites. Past performance is not indicative of future results. By purchasing any content, subscribing to our mailing list or using the website or contents of the website or materials provided herewith, you will be deemed to have accepted these terms and conditions in full as appear also on our site, as do our full earnings disclaimer and privacy policy and CFTC disclaimer and rule 4.41 to be read here with. So too, all the materials contained within this course, including this manual, whether they appear on our domain(s) or are in physical form, are protected by copyright. "W arning: The unauthorized reproduction or distribution of this copyrighted work is illegal. Criminal copyright infringement, including infringement without monetary gain, is investigated by the authorities and is punishable with imprisonment and a fine." We reserve all our rights in this regard. Traders Elite, in association with http://www.traderselite.com its sites, content, and its representatives do not and cannot give investment advice or invite customers or readers to engage in investments through this course or any part of it. The information provided in this content is not intended for distribution to, or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. Hypothetical performance results have many inherent limitations, some of which are mentioned below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and actual results subsequently achieved by any particular trading program and method. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program or system in spite of the trading losses are material points that can also adversely affect trading results. There are numerous other factors related to the market in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results. All of which can adversely affect actual trading results. We reserve the right to change the set terms and conditions without notice. You can check for updates to this disclaimer at any time by visiting http://www.traderselite.com. Governing law: this policy and the use of this report / course / DVDs / eBook, provided in any form, and any content on the website are governed by copyright laws. Further details on this are found under the Terms and Conditions on our site. Please ensure you read and agree with all Terms and Conditions as set out on our site before using any of the materials. Your use and reliance on the materials is based on your acceptance of such Terms and Conditions and policies as appear on the site.
www.traderselite.com
Macro Levels Trading Strategy
INTRODUCTION Hi, I'm Michael Nurok and I want to congratulate you on downloading this report on the strategy that I call, “Macro Levels”. This system came about as a result of requiring a trading strategy to identify major and significant levels of support and resistance. Throughout my trading years, I have realized that you should always: “Buy above support levels and sell below resistance levels” The Macro Levels that I determine are based on major highs, lows and consolidation areas of the monthly, weekly and daily time frames. Because they are based on solid historical data, they act as strong support & resistance levels, otherwise known as “Investor Levels” representing potential profitable entry levels. The investor levels can be highly reactive and work well on their own or in combination with virtually any trading system. The strategy of entering trades at, or very near, these Macro Levels depends on how price acts around these levels and in particular, where the bar closes. The price-action gives us insights on whether they should be viewed as a Support Level or Resistance Level and therefore, whether we should be looking at buying or selling the symbol. Like “trading with the trend”, you should always buy when support is below your entry point and sell when resistance is above your entry point. It’s this understanding of the way the market operates, that motivated me to devise a system that would allow me to enter trades with a high probability of success. As well as providing entry points, Macro Levels also provides a trader with good target levels that offer me a high probability of success, without closing the trade prematurely. This system can generate great trade opportunities for you, but only if you stay disciplined and stick to the rules. Read the manual to the end and install the template and presets on your charts. The system works best on the 1 hour and 4 hour time frames.
3
www.traderselite.com
Macro Levels Trading Strategy
INVISIBLE FORCE FIELDS Think of these support levels and resistance levels as “Invisible Force Fields”. Invisible Forex Fields are the critical support levels, resistance levels and consolidation levels in the market. Think of them as the lines in the sand that traders use to determine whether a price is supported or is under pressure. They are extremely powerful and traders trade against them at their peril. In fact, these levels become physiological levels and in terms of the direction of price, become selffulfilling prophecies of which direction the price is most likely to go. When price tests a key resistance level and it fails, then typically the price will fall. The level may be tested again and if it fails again, the level denotes that price will struggle to go higher and the sellers in the market (the bears) are in control. Therefore, trying to buy contrary to these levels is likened to a child bouncing on their bed and hitting their head on the ceiling… no matter times it’s done, the probability is that the ceiling will not break and all you end up with is a giant headache. Moral of the story; never try to buy into a trade, close to key resistance levels. The inverse is true for key support levels. Think of them as a concrete floor. No matter what you do and how much you jump up and down, you can’t break through. The price may test this support level but if you notice that the price reacts significantly… or even violently to this level, then you know that this level is like an ambush waiting to happen with buyers (the bulls) ready to stampede all over you. Like the resistance level, the more this support level is tested with price failing to break and hold below the level, the stronger the level of support. Moral of the story; never try to sell into a trade, close to key support levels. On the other hand, buying at support levels can benefit you greatly by getting into a trade that rallies significantly simply by trading “with” the key level. And likewise, selling at resistance levels can benefit you greatly by selling into a trade where price falls dramatically. Whichever way you’re trading, the end result is the manifestation of high probability trades that are typically much bigger than when you don’t trade at these significant levels. So how do you identify these levels?
4
www.traderselite.com
Macro Levels Trading Strategy
Well, it’s quite easy. Whatever time frame you are trading on, you can see highs and lows displayed as pivots. For a high, you can spot them by seeing bars rise up to a high and then drop down, with the close on either side closing lower than close price of the bar that made the high. With lows, the inverse is true; you will notice bars falling to a low after which the price rises, with the close on either side of the low bar, closing higher than the close of the low bar. But to determine critical institutional levels that the big players adhere to, then do the same on the 4 hour and daily charts. Additionally, take note of where price remained in a tight range for an extended period and this will provide you with the area that has previously been used as a consolidation zone which also can be used as either a key support or resistance level. Once you have done that, you can now trade your time frame and be aware of where these “invisible force fields” exist. The end result is that you will now have a huge edge on traders that are unaware of these important levels and be able to trade accordingly to take advantage of buying off support levels and sell off resistance levels.
5
www.traderselite.com
Macro Levels Trading Strategy
TRADING WITH LEVELS What’s better when entering trades? Entering trades when; all the indicators of your strategy are confirming a potential trade? Or; Entering trades when; (1) all the indicators of your strategy are confirming a potential trade, and (2) the price is at a key support or resistance level that is in line with your intended trade direction? What’s better when setting targets? Setting a “blind” target of a ratio amount based off the stop loss? Or; Setting targets based around key support or resistance levels. By setting your targets just prior to the significant level, you improve the probability of bigger targets being locked in. If you didn’t take these levels into consideration, you would be either taking your profits too early or attempting to lock in profits too late. Both outcomes are not desirable if you want to maximize your capital growth. Therefore, when buying, make sure that your entry is above a Macro Level and you take profits prior to (below) the next Macro Level. And conversely, when selling, make sure that your entry is below a Macro Level and you take profits prior to (above) the next Macro Level.
6
www.traderselite.com
Macro Levels Trading Strategy
BUY RULES 1. Price must be in close proximity to a Macro Level and have closed above it 2. Enter the trade at the open of the new candle following the candle that provided the setup signal 3. Place the Stop Loss a few pips below the Macro Level 4. Take Profit 1 is set halfway to the next Macro Level. Take Profit 2 is set to a few pips below the next Macro Level. Take Profit 3 is set to a few pips below the 2nd next Macro Level *
7
www.traderselite.com
Macro Levels Trading Strategy
* Minimum risk-reward ratio should be 1:1, but preferably at least 1:2 or higher. If you are trading for a higher risk-reward ratio, it is important to trail your trades with a stop that’s locking in profits at appropriate times.
BUY STEPS 1. Price must be in close proximity to a Macro Level and have closed above it
8
www.traderselite.com
Macro Levels Trading Strategy
2. Enter the trade at the open of the new candle following the candle that provided the setup signal
3. Place the Stop Loss a few pips below the Macro Level
9
www.traderselite.com
Macro Levels Trading Strategy
4. Take Profit 1 is set halfway to the next Macro Level. Take Profit 2 is set to a few pips below the next Macro Level. Take Profit 3 is set to a few pips below the 2nd next Macro Level
10
www.traderselite.com
Macro Levels Trading Strategy
SELL RULES 1. Price must be in close proximity to a Macro Level and have closed below it 2. Enter the trade at the open of the new candle following the candle that provided the setup signal 3. Place the Stop Loss a few pips above the Macro Level 4. Take Profit 1 is set halfway to the next Macro Level. Take Profit 2 is set to a few pips above the next Macro Level. Take Profit 3 is set to a few pips above the 2nd next Macro Level *
11
www.traderselite.com
Macro Levels Trading Strategy
* Minimum risk-reward ratio should be 1:1, but preferably at least 1:2 or higher. If you are trading for a higher risk-reward ratio, it is important to trail your trades with a stop that’s locking in profits at appropriate times.
SELL STEPS 1. Price must be in close proximity to a Macro Level and have closed below it
12
www.traderselite.com
Macro Levels Trading Strategy
2. Enter the trade at the open of the new candle following the candle that provided the setup signal
3. Place the Stop Loss a few pips above the Macro Level
13
www.traderselite.com
Macro Levels Trading Strategy
4. Take Profit 1 is set halfway to the next Macro Level. Take Profit 2 is set to a few pips above the next Macro Level. Take Profit 3 is set to a few pips above the 2nd next Macro Level
14
www.traderselite.com
Macro Levels Trading Strategy
CONCLUSION Congratulations on finishing this report on the Macro Levels. You are now on your way to using Macro Levels for your trading and identifying excellent entry points at support buy zones and resistance sell zones. This system is designed to get you involved in trades that can experience significant moves as the price moves from one Macro Level to another. Quite often, your trades will generate a much bigger risk-reward ratio than you are probably used to however you must accept that these trades can take days to fulfill these results. Remember to lock-in profits just in case price reverses. Naturally, watch out for reversals at the next Macro Levels and be aware of how price reacts at these critical levels. I sincerely enjoy feedback and helping traders succeed so please contact me with any questions you have or just to tell me how you’re going. Remember, no one ever wins all the time, regardless of what system is being. However, using Macro Levels will typically help traders regardless of what other system is used. Naturally, you can use Macro Levels on its own. Please give trading the time, energy and respect it deserves if you want to succeed as a trader in the long term and I look forward to seeing you in the members area and on social media as we continue to trade the markets. As always, do your best to stick to the rules and be consistent with the trades you take.
Good trading & live well,
15
