Latest trade gave us a 149 Pip gain on the EURO USD as it headed to Support of Pennant on Daily Chart.
This was the overall setup as seen in this chart and the Video Analysis
Entry took place using the 4 Hour Chart, with the target set to just above the Support of the Daily Pennant.
After a few days, target was hit.
Overall, Return from these Strategies is now 25%
This trade continues to show how we can better results by focusing on the larger time frames. These offer larger movements and more reliable signals to take advantage of these trends.
Stop Losses should be placed at areas that will protect trades against temporary pullbacks before our targets are hit. Support and Resistance and Trend Lines - once strong enough - great places for Stop Losses.
MAIN TECHNICAL HIGHLIGHTS OF TRADE
- Trading Within Consolidations
- Using Strong Daily Candle Signals
- Using Strong Stop Loss Areas on the 4 Hour Chart
- Waiting Patiently Until Target is Hit
- Strong Gains Possible with Swing Trading
Last edited by DRFXTRADING; 03-10-2016 at 04:56 PM.
I've been on and off demo trading for a while and trying to follow the school of pipsology. This week i came to conclusion i enjoy and I am better at following a similar method you show here. I will be following with great interest whilst starting my own journal in the forum.
The purpose of this thread is to show an Aggressive Swing Trading System using 5 Strategies that can provide large Rates of Return each month. Trading only needs to be done a few times per month using the Daily & 4 Hour Time Frames to achieve significant turnover, while bypassing the dangerous volatility of the Smaller Time Frames.
This is an aggressive version of the previous Swing Trading Strategy that had provided a strong Return in just 7 months..
Trades are held for a Pre-Determined Number of Days depending on the Strategy.
Active monitoring of the trade/profits etc. is not done. This ensures that the trader is not tempted to exit trades based on emotions and temporary pullbacks that naturally take place as the trades head towards their targets.
FXCM Charts are used to provide Candlestick Signals as this platform uses the New York Close of the Daily Candle - crucial to this and other Candlestick/Price Action Strategies.
Targeting 100 to 200 Pips was found to be the optimal range. Aiming for less than 100 Pips tended to expose our capital to volatile market conditions while capturing more than 200 Pips was deemed risky and outside the scope of this short-term strategy.
Assuming a Risk Per Trade of 5% and Leverage of 100:1, this is what is possible just 3 Months.
By only trading a few times per month and targeting trades with a High Probability of Success, it is possible to earn a significant return in a very short period of time - once the Rules and Guidelines are followed.
You trading from a demo-account , selling trading courses !!!! Done 6 demo trade ,,and a expect NOT BAD
I hope you understand the difference between demo and live trading .. is the same as compare paintball with really war.