CompassFX – J Hook Strategy, Indicator & Training

Description of J Hook Strategy, Indicator & Training

You’re going to learn my strategy for:

• Entering a trade at a better’ price.
• Having a more balance reward to risk when entering a trade. Trading with the Trend without chasing the market.

Even worse… How many times have you entered the market knowing that you could have entered at a BETTER price but you didn’t?

Have you ever wondered how institutional traders… the Smart Money guys… seem to enter the market at thebest possible place and in the right direction?

Imagine an easy-to-use process… A process that gives you trade setups with greater clarity and less uncertainty.

Let me introduce a trade process shown to me 3 years ago.

It literally changed the way i enter the market!

What is it?

The J Hook Strategy is a technique for trading a Continuation pattern.

Continuation pattern indicates price action will likely continue in the current trend direction after a temporary pullback due to institutional positioning and/or profit taking.

Uptrend Continuation

In an Uptrend, price retraces down from a previous High * and forms a bottom.

Then the market “hooks” back in the direction of the current trend completing a J shape.

Downtrend Continuation

In a Downtrend, price retraces up from a previous Low* and forms a top.

Then the market “hooks” back in the direction of the current trend completing a J shape.

Why the J Hook Strategy works?

The J Hook Strategy is derived from Depth of Market (DOM) trading where institutional traders and trading algorithms seek to enter the market at a ‘better’ price.

The strategy identifies price retracements where institutional Bid and Offer liquidity is most likely to be executed.

How the J Hook Strategy works?

Once a suitable price retracement is identified, the J-Hook indicator draws a trend line along the lower Highs in an uptrend or the higher

Lows in a downtrend.

The J Hook Strategy trend line is drawn automatically on a MetaTrader 4.0 chart in Blue for an uptrend or Red for a downtrend.

How to trade the J Hook Strategy?

Stop Loss

Uptrend

Below previous Swing Low or Support level. Above previous Swing High or Resistance level.

Downtrend

Advantages of the J-Hook

1. Trade with the Trend.
2. Enter a trade at a better price. 3. Trade the ‘continuation’ of the market.

What do you get with the J-Hook Strategy?

J-Hook Strategy Pack

1. J-Hook Indicator
2. Built-in Directional Bias
3. Built-in Alerts
4. Push Notification

J-Hook indicator designed for MetaTrader 4.0 draws automatically a Blue trend line in an uptrend or Red trend line in a downtrend.

Directional Bias

Built-in directional bias to identify suitable retracements in the direction of the trend.

Alerts

Line Drawn Alert & Line Crossed Alert.

Push Notification

Automatic notification to a mobile device when an alert is triggered.

About Instructor

Dean Malone Developer – Traders Dynamic Index Pro, D.O.T.S. Method, & ADR Pro Calculator

Registered Series 3, 30, 34 broker. NFA member & CTA. Interviewed by CNBC, Reuters, CNN, WSJ, and others. Since 2002 having trained tens of thousands how to trade the Forex market.

More courses from the same author: CompassFX