USD CHF 100s OF PIPS BULLISH OR BEARISH - forex trading system reviews

USD CHF 100s OF PIPS BULLISH OR BEARISH ~ forex trading system reviews

Hundreds of Pips in either direction appear to be possible for the next few weeks if we see strong Bullish or Bearish breakout signals. The Weekly Range has recently been hit after a very long and slow trend and has now settled above a major Downtrend Line. A convincing Bullish Candle break above Resistance would put the 0,9400 area in play, while a break short to also take out the Uptrend Line would make 0,8700 the long-term bearish target.

The currency pair has started to move within a small Range above the Inner Uptrend Line, following a rally to the 0,9100 area.

DAILY CHART

The gains for the Swiss Franc also put the pair above a major Outer Trend Line of a previous Downtrend.


DAILY CHART

As you can see, the recent uptrend was part of a break from the Inner Trend Line to the Outer Trend Line of that Downtrend. From this point, the market could either break higher for an even stronger Uptrend or break lower to resume the overall Downtrend. In continuing higher, the Daily Chart would first have to break the Resistance of its current Range setup.

DAILY CHART

The first major target would be the next Weekly Range which would be at the 0,9435 area. Short-term targets will be hit along the way as traders exit profitable positions in this new uptrend. Equally profitable targets could also be hit going short if there is a breakout bearish from this Range along with a break of the Outer Uptrend Line.

DAILY CHART

Before breaking bearish, the currency pair could actually spend a little longer in this Range to carry it closer to the Outer Trend Line. At times, trend changes that involve Consolidation breakouts tend to take place simultaneously with Trend Line breaks to make the start of the new trend even more convincing (TRADE TIP).

See how the concept of the Weekly Range and Consolidation breakouts worked on past trades in the Free Preview of the Trading Manual;

RECENT EMAIL FROM CLIENT

____________________________________________________

SUBSCRIBE TODAY

____________________________________________________

US$120.00

Free 

 ___________________________________________

Duane Shepherd 

(M.Sc. Economics, B.Sc. Management and Economics)

Currency Analyst/Trader

Contact: shepherdduane@gmail.com

Twitter: @WorldWide876

Facebook: DRFXTRADING 

More info for USD CHF 100s OF PIPS BULLISH OR BEARISH ~ forex trading system reviews:

AUD JPY WITH A STRONGER BULLISH SIGNAL 100s OF PIPS IN SIGHT - best forex trading system pdf

AUD JPY WITH A STRONGER BULLISH SIGNAL 100s OF PIPS IN SIGHT ~ best forex trading system pdf

The Daily Charts Pennant for this pair has finally been broken with Bullish candles breaching the Resistance barrier at 96,50. Given the size of this Consolidation which has taken 5 months to be formed, there is a potential for a move of several hundred pips over the next few weeks. Nevertheless, the candles that have started this breakout have so far been small and appear to be too weak to support the type of profitable, strong and reliable breakouts that are associated with these Consolidations. We may therefore have to wait for either a temporary pullback to test the Resistance or a small Consolidation setup followed by a more convincing Bull signal.

The overall direction of the pair has been bullish since August of 2013, giving added support for the continued strengthening of the Aussie dollar.

DAILY CHART

The breakout started a few days ago on August 22 last week and has continued moving higher but with weak candles.

DAILY CHART

Breakouts from Consolidations need to have stronger candles otherwise they could turn out to be False Breakouts or volatile trends. For us to trade this setup, we would need a setup such as a small Consolidation followed by a stronger Bull candle;


DAILY CHART - AUD JPY - NOVEMBER 2011

 



Or a pullback to test the Resistance boundary and then give us a stronger Bull signal.


DAILY CHART - NZD CAD - MARCH 2014

As stated earlier, it is still possible for the breakout to continue moving higher without either of these setups being formed. The more eager of traders may to take the risk of getting in on the trade to avoid missing out on a big payday in this slow period for the market. However, past examples in the Currency Market suggest that waiting on these setups is the better way to protect our Stop Losses from being taken out by spikes along the way. Whatever route one takes, always ensure that your targets and Stop Losses are carefully chosen and the risk taken is within your trading rules.

Happy Trading.

___________________________________________________________

RECENT EMAIL FROM CLIENT

____________________________________________________

SUBSCRIBE TODAY

____________________________________________________

US$120.00

Free 

 ___________________________________________

Duane Shepherd 

(M.Sc. Economics, B.Sc. Management and Economics)

Currency Analyst/Trader

Contact: shepherdduane@gmail.com

Twitter: @WorldWide876

Facebook: DRFXTRADING 

More info for AUD JPY WITH A STRONGER BULLISH SIGNAL 100s OF PIPS IN SIGHT ~ best forex trading system pdf:

USD JPY 300 PIP BREAKOUT ON ITS WAY - quantina forex trading system

USD JPY 300 PIP BREAKOUT ON ITS WAY ~ quantina forex trading system

We have been in a Range setup on the Daily Chart for some time now and with it being above the Outer Uptrend Line, a major breakout could be on the horizon. If the breakout is Bullish, then the major Resistance at 105,43 that ended the 9 month trend would be the first major target. On the other hand, the Range setup is also part of a very long period of sideways movement for the USD JPY which has broken an Inner Uptrend Line in the process. Since major trend changes are normally preceded by sideways patterns and breaks of Inner Trend Lines, a bearish bias in favour of the Japanese Yen might be the better forecast for 2014.

The current Range pattern of the pair can be seen in terms of the large Uptrend that ended in December 2013. You can see the break of the Inner Trend Line and the gradual drift towards the Outer Trend Line that has now taken the form of the Range.

DAILY CHART

Between the Support and the Resistance boundaries, the pair has been moving by 168 Pips on average inside of this Range. Most of the trends have been volatile, however, with perhaps only one of them offering a stable setup for a trade.

DAILY CHART

From here, we could see a bullish breakout that carries us back to the Resistance that ended the Uptrend and then to the Breakout Equivalent of the Range. This could last between 7 and 15 days from the start of the breakout.

DAILY CHART

On the bearish side of the coin, a break of Support would start a new, major downtrend. Trend changes often take place after a long period of market indecision in the form of these Consolidation setups. Several past Support and Resistance price points would be hit along the way, but the main target would be the Breakout Equivalent at 97,85 (See Trade Manual).

DAILY CHART

So, what direction do we take in this situation? As always, we will wait on the market to make that decision for us. Never anticipate the breakout of a major barrier by using the Smaller Time Frames nor before a clear signal from the Daily Chart is given.

RECENT EMAIL FROM CLIENT

____________________________________________________

SUBSCRIBE TODAY

____________________________________________________

US$120.00

Free 

 ___________________________________________

Duane Shepherd 

(M.Sc. Economics, B.Sc. Management and Economics)

Currency Analyst/Trader

Contact: shepherdduane@gmail.com

Twitter: @WorldWide876

Facebook: DRFXTRADING 

More info for USD JPY 300 PIP BREAKOUT ON ITS WAY ~ quantina forex trading system:

70 PIPS AUD NZD CONFIDENT TRADERS REWARDED - forex day trading system pdf

70 PIPS AUD NZD CONFIDENT TRADERS REWARDED ~ forex day trading system pdf

In sync with the Methodology for trading Consolidation Breakouts, a 70-Pip gain was recently made on the AUD NZD that tested the resolve of Swing Traders. The signal to trade came in the form of a Bull Candle that simultaneously broke the Resistance of a Range and a large 300-Pip Pennant setup formed between January and August this year. However, the breakout was slower than anticipated with a 6-day period of low volatility that would have led most traders to exit early with a smaller gain or a loss. On the other hand, the traders who stuck to the rules of the strategy were rewarded when the pair made a last-minute rally to provide another profitable trade for the year.


DAILY CHART - AUD NZD

Dukascopy Swiss Forex Marketplace used for Trade Execution

The accuracy of the strategy in identifying the correct exit point was confirmed a few days later when the pair pulled back below the Uptrend Line.


DAILY CHART- PULLBACK

Combined with the results from the other setups provided by the Methodology, the Swing Trader with a US$ 5000 account would so far have realized a 63% gain for 2014.

TRADE SETUPS - 5 % RISK PER TRADE

TRADE SETUP
 
The pair had already broken the Inner Downtrend Line of the previous trend and was expected to eventually start a move towards the Outer Downtrend Line. (FXCM Marketscope is used to obtain Price Action chart signals).

DAILY CHART - OVERALL TREND

In keeping with the natural cycle of the market, the end of this long Downtrend was followed by the formation of a large Consolidation pattern. A Range setup had also been formed on top of the Resistance of this Pennant which had produced several waves of Uptrends and Downtrends over the last 8 months.

  
DAILY CHART - PENNANT CONSOLIDATION 

The appearance of these Large Consolidations at the end of trends is also normally the precursor to significant trend changes. With this Range providing a strong setup that could start a breakout and a new trend, we were patiently waiting for the appropriate signal to take advantage of this move. After a few days, this signal was eventually given in the form of a strong Bull Candle.

DAILY CHART- BULL CANDLE SIGNAL

Given the strength of this signal, the Range and that the Stop Loss was within the limit set for these trades, an entry to go long was executed immediately. The target was set for just below the Breakout Equivalent of the Range (the rule for Consolidation breakouts) with the Stop Loss placed at the appropriate area to protect the trade.

DAILY CHART- TRADE TARGET

Instead of going to the expected target for a 132-Pip gain, the trade had to be exited early based on established criteria for these trades.

DAILY CHART - TRADE RESULT

The criteria for trade exits allows us to avoid breakouts that will either not reach the target or become excessively volatile along the way. These same parameters also allow us to stay in trades despite brief periods of low market activity such as the 6 days that  followed entry. Anyone monitoring their trade during this period would have been justifiably tempted to exit the trade for a small gain or loss. However, by sticking to our cardinal rule of this Methodology which prohibits the monitoring of trades, one would have benefited from the Bullish rally on the day that coincided with our early-exit criteria being met.

 
DAILY CHART - 6-DAY CHALLENGE

Trading involves a lot of discipline especially when done on the larger time frames of the Daily and 4 Hour Charts where the trends are slower. By adhering to the rules that identify the highest paying trades, one can consistently reap the rewards of Forex trading while avoiding the pitfalls of unexpected volatility and emotional trading. 

Stay on the higher time frames, follow the rules and you can be part of an extraordinary way of making money in this challenging and exciting market. Avoid the volatility and Stop-Hunting that `accidentally` take place on the Lower Time Frames that benefit the brokers.

Use my Methodology, email the Code at the end of the Manual and you will benefit from;

• Detailed Trade Setups sent 30 Minutes before Entry;
• Daily Analysis of Currency Pairs;
• Weekly Technical Analysis on Specific Topics;
• A Currency Trading Experience focused entirely on Making Money;

RECENT EMAIL FROM CLIENT

____________________________________________________

SUBSCRIBE TODAY

____________________________________________________

US$120.00

Free 

 ___________________________________________

Duane Shepherd 

(M.Sc. Economics, B.Sc. Management and Economics)

Currency Analyst/Trader

Contact: shepherdduane@gmail.com

Twitter: @WorldWide876

Facebook: DRFXTRADING 

More info for 70 PIPS AUD NZD CONFIDENT TRADERS REWARDED ~ forex day trading system pdf: