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148 PIPS AUD USD 2 WEEKS 2 TRADES 218 PIPS ~ fibonacci forex trading system pdf
This latest trade based on our Price Action, Swing Trading Methodology provided 148 Pips on the Aussie Dollar over a short 4-day period. This took our total gain to 218 Pips in 2 weeks following the 70-Pip trade on the AUD NZD pair at the start of the month. At this rate, we could see a triple digit rate of return for 2014 when these results are combined with previous setups identified by the Methodology. It would also provide further evidence of the stability and higher returns that are possible when trading is done on the Larger Time Frames.
The AUD NZD gain took place following a break of a large Consolidation setup on the Daily Chart. The signal to enter came from a Bullish Candle break of a Range at the Resistance of this large Pennant.
AUD NZD -DAILY CHART SETUP
AUD NZD- DAILY CHART SIGNAL
TRADE RESULT - LIVE ACCOUNT
The chart patterns and candles from FXCM are used to identify the entry signals while the Dukascopy platform is used for trades on the Live Account. The Methodology utilizes the New York Candle close of the Daily Chart as the basis for the Price Action strategy, which is best provided by FXCM.
The AUD NZD was one of the last pairs that saw gains for the Aussie dollar this month. Since then, the currency began to lose value against several of the other major currencies over the last few days. It was within this context that the AUD USD trade opportunity presented itself on Thursday September 11, 2014.
The setup was a bearish break of a large Pennant formed between April and September this year.
AUD USD - DAILY CHART PENNANT
The size of the Consolidation suggested that a breakout could continue for several hundred pips in favour of the US Dollar in the months ahead. However, based on our strategy and a specific technical aspect of this setup, a short-term gain of between 100 and 200 Pips was the more prudent decision.
Entry took place at the third candle that broke the Consolidation with the target set based on the criteria established for this type of breakout. The Stop Loss was also placed at a strategy-determined area to prevent the trade from being affected by spikes along the way.
DAILY CHART TRADE SETUP
After only a few days, the target was hit. Towards the end of the trend, the market actually reversed to the entry price with a Bullish Candlestick Formation. However, a large Bearish Candle shortly followed to take out that attempted reversal and give us our reward.
TRADE RESULT
LIVE ACCOUNT RESULT
TRADE SUMMARY
TRADE TYPE | CONSOLIDATION BREAKOUT |
STOP LOSS | 116 PIPS |
TRADE RESULT | 148 PIPS |
TIME TO TARGET | 4 DAYS |
This trend was always expected to provide large gains for the trader in a short time since breakouts from Consolidations always produce sharp movements. In fact, it only took 2 days for the 100-Pip mark to be reached.
DAILY CHART -100 PIPS IN 2 DAYS
Nevertheless, if the trader was looking at the Pip count or the Account Balance on their trading platform, chances are he/she would have started to panic and exit at the start of the bullish reversal to the entry price. If trading was also being done on the 30 Minute Chart, that sharp bullish signal combined with the Trend Line break and the Double Bottoms may have even convinced the trader to start going Long.
30 MINUTE CHART- REVERSAL SIGNALS
The net result would have been a much smaller profit compared to that which was offered by the market. Constantly monitoring the trade and using the Smaller Time Frames will always tempt us to make decisions based on emotions and our ego despite our best intentions. Trades that are objectively analyzed and executed can be easily sabotaged by the desire to always know what is happening with the trade.
Nevertheless, this habit is understandable and expected especially if you are transitioning to the Larger Time Frames. Most of us have been taught by trading companies and brokers to trade in a way that requires us to develop this and other bad habits. We have been led to believe that trading has to be done every hour and every day in order to be profitable. This frame of mind will always lead to certain practices that generate an impatient temperament in us and cause us to constantly make unwise trade decisions. The best thing to do is to persist until these habits are no longer a part of your trading.
Alternately, one could open up a separate Demo Account, practice trading on the Daily and 4 Hour Charts and compare the results with an existing strategy on the lower charts. Over time, you will see the large difference in profitability and appreciate how unnecessary it is to monitor the trade. This can be done using the detailed Trade Setups that are emailed to you as a Subscriber.
TRADE SETUP- AUD USD
PAIR | AUD USD | |||
TRADE TYPE | CONSOLIDATION BREAKOUT | |||
ENTRY DATE | TODAY, SEPTEMBER 11, 2014 | |||
ENTRY TIME | 21 00 GMT | |||
ENTRY PRICE (MINIMUM) | 0,9096 | |||
STOP LOSS | 0,9216 | |||
LIMIT ORDER | 0,8952 | |||
More info for 148 PIPS AUD USD 2 WEEKS 2 TRADES 218 PIPS ~ fibonacci forex trading system pdf:
Selasa, 29 Maret 2016SHARP REVERSALS AVOIDED WITH ACCURATE TARGETS - forex trading pro system reviewSHARP REVERSALS AVOIDED WITH ACCURATE TARGETS ~ forex trading pro system reviewOne of the most important aspects of profitable Currency Trading is to always establish accurate trading targets. The market can provide traders with hundreds of pips in movements on a weekly basis for consistent returns across the major currency pairs. In order to avoid unexpected reversals that could affect this success, however, these targets must strike a balance between short-term gains and long-term market uncertainty. Many of the Currency Pairs have been aggressively breaking out of Consolidations after months of low market volatility, providing profitable breakouts in a very short period. Most of these Consolidations have also been very large which means that in general, their breakouts are expected to be significant over weeks and months. Nevertheless, there a major short-term targets that most of these pairs obey where they either pause before continuing to the long-run targets or reverse unexpectedly. In order to avoid the dilemma of this crossroads, my Methodology dictates that traders aim for 100-200 Pips per trade which tends to be in line with these short-term price points. The rules for these targets depend partly on the size of the Consolidation as well as the average weekly trading range of each Currency Pair. The breakout on the GBP AUD was from a large Pennant that was formed between April and August this year. There was also a simultaneous breakout from a Range which would have added extra momentum to the trend. Given the size of the Pennant, one would have also expected the breakout to last for at least a few weeks to targets 1000 Pips away. DAILY CHART  Instead of this large breakout, the pair only declined by a few hundred pips before U-turning sharply back above the Resistance of the Pennant. DAILY CHART  This unexpected reversal coincided with one of these important short-term targets. Those who traded this pair to that area would have been able to keep their profits without being surprised to see the profits suddenly eroded. A similar reversal took place with the AUD NZD that also started to breakout from a very large Consolidation setup. DAILY CHART  Once again, the breakout only last a few days before reversing sharply, breaking Uptrend Lines and returning to the Resistance of the Pennant. Fortunately, we were able to exit from this trade successfully ahead of this pullback. The target was originally supposed to capture over 100 Pips but the criteria of the strategy identified the start of slow down in the trend. DAILY CHART  DAILY CHART  Given the prevalence of these reversals and a recent Consolidation breakout on the AUD USD, the exit at the short-term target may have been another good decision. DAILY CHART  DAILY CHART  The reality of this market is that it has the power to both reward and to punish. Most persons who trade this market tend to make good entry decisions, but the choice of targets is one of the most difficult decisions to make. In order to be able to consistently generate long-term gains from this market, the criteria for targets need to be in line with the actual cycle of the market. This will help to curtail our emotions which will always want more from the market especially after a successful trade. Without even reading the Trading Manual, you can become a Subscriber with the code at the end of the book and benefit from these setups sent 30 Minutes before entry. In addition to this, you will also be able to receive;
___________________________________________________________ RECENT EMAIL FROM CLIENT  ____________________________________________________ SUBSCRIBE TODAY____________________________________________________ 
___________________________________________ Duane Shepherd (M.Sc. Economics, B.Sc. Management and Economics) Currency Analyst/Trader Contact: shepherdduane@gmail.com Twitter: @WorldWide876 Facebook: DRFXTRADING More info for SHARP REVERSALS AVOIDED WITH ACCURATE TARGETS ~ forex trading pro system review:
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