800 PIPS ON OFFER FROM GBP USD DECLINE - trading system forex octopus

800 PIPS ON OFFER FROM GBP USD DECLINE ~ trading system forex octopus

Having formed a small Pennant just below the major Resistance of a larger Pennant, the GBP USD could be headed towards the Support area some 800 Pips away. If we see a strong bearish signal below the Support of this smaller Pennant, traders can expect a big payday in the weeks ahead.


DAILY CHART- LARGE PENNANT

• Formed following the end of the safe-haven buying of US Dollars during the Financial Crisis;
• Has now pulled back to the Resistance of the Pennant following a breakout;
• Could break Support to continue the new Downtrend in favour of the USD to reflect the end of Quantitative Easing;

This downtrend has been in place since July this year after forming the high of 1,7190.


DAILY CHART - DOWNTREND

  



If this downtrend is going to continue, we will need to see a convincing bearish breakout signal following the test of the Support of this smaller Pennant.


DAILY CHART - PENNANT SETUP

 Over 800 Pips of profits would be offered during this breakout. Some traders will enter and hold their position for the entire duration of this decline, while most will take gains and re-enter according to their profit goals and holding period constraints. But given that these trends have...

1. False entry signals;
2. Pullbacks & small Consolidations;
3. Weak Stop Loss areas;

...how do you determine when to enter and where to place your Stop Loss to protect your trade from the natural waves of the market? How do you know which time frame to follow in case the trend starts to reverse unexpectedly before that Support area is hit?

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(See "SWING TRADING STRATEGY & TRADE RESULTS" for Product Details)
_____________________________

Duane Shepherd 

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

Currency Analyst/Trader

Contact: shepherdduane@gmail.com

Twitter: @WorldWide876

Facebook: DRFXTRADING 

More info for 800 PIPS ON OFFER FROM GBP USD DECLINE ~ trading system forex octopus:

NZD CAD SHARP 800 PIP FALSE BREAKOUT AS FORECAST - mtf forex trading system

NZD CAD SHARP 800 PIP FALSE BREAKOUT AS FORECAST ~ mtf forex trading system

The last time we examined this pair in April this year, we had projected a sharp decline in favour of the Canadian Dollar based on the False Breakout pattern that had been unfolding. In the chart below, we can see that the Bullish Candles that attempted to break out long from the Pennant were eventually taken out by the slow Bearish Candles that took us back inside of the Consolidation.

DAILY CHART - FALSE BREAKOUT 

Based on this movement and the fact that False Breakouts usually lead to breaks at the opposing end of the Pennant, we had projected the pair to break towards the major Outer Uptrend Line.

DAILY CHART - PROJECTED DECLINE 

Looking at the current situation on the Daily Chart, we can see that this forecast had in fact materialized over the last few weeks. Starting from the high of the start of the reversal, the pair has declined sharply by approximately 800 Pips.

DAILY CHART - SHARP DECLINE 

Now, how could you have taken advantage of this profitable move?

Having seen the start of the breakout below the Support of the Pennant, the first thing to do would have been to draw the Downtrend Lines that were being formed.

DAILY CHART - DOWNTREND LINES 

These Downtrend Lines can be used for the placement of Stop Losses with the assurance that your profits will be protected throughout the trade. The next step would have been to enter short at around the 0,9100 area, with a Stop Loss of 100 Pips placed above the Inner Downtrend Line. Your Limit Order would initially be set to the Outer Uptrend Line for a profit of 370 Pips.

  

DAILY CHART - ENTRY SETUP

As the market began to move in you favour, you would have moved your Stop Loss lower, breaking even initially and then locking in profits below your Entry. This would have continued until the market started to reverse bullish just above the Outer Uptrend Line target. Your Stop Loss would “sadly” have been taken out and you would have pocketed 300 Pips in gains.

DAILY CHART - 300 PIP PROFIT

This is one of the ways in which Breakouts and False Breakouts can be profitably traded in this market. Many of these opportunities are likely to continue to present themselves for us given the current environment of low liquidity that now characterizes the major Currency Pairs. As Swing Traders, we simply need to spot these setups and the appropriate signals provided to take advantage of them, for continued monetary reward.

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More info for NZD CAD SHARP 800 PIP FALSE BREAKOUT AS FORECAST ~ mtf forex trading system:

101 PIPS ON AUD NZD 80 OF TOP TRADERS NOW BEATEN - forex online trading system

101 PIPS ON AUD NZD 80 OF TOP TRADERS NOW BEATEN ~ forex online trading system

The latest trading opportunity on the Forex Market provided my clients with a 101-Pip gain on the AUD NZD this week. The pair was shorted as it started to turn at the Resistance of its Consolidation, heading to the Support boundary 250 Pips away. The trade was held for the pre-determined holding period and exited for the latest gain that has now provided clients with 286 Pips from only 6 trades. At a risk per trade of 5%, a trader or investor using my Methodology would now be enjoying a 12,6% return, beating 80% of the Top Currency Traders for 2014 as ranked by BarclayHedge.


The pair had formed a Pennant above the Resistance of a larger Pennant following a short-lived breakout attempt in September.


DAILY CHART- PENNANT SETUPS

As it continued to move within this smaller Consolidation, a Bearish Signal was given at its Resistance to start a small downtrend back to Support.


DAILY CHART - ENTRY SIGNAL

FXCM Charts are used for Trading Signals based on the New York Close Daily Candle

After careful analysis, it was determined that this setup satisfied the criteria for trading within Consolidations (Section 11- Consolidation Trading on the Forex Market). Entry then took place on the 4 Hour Chart with the target set for the Support area of the Pennant.


4 HOUR CHART- TRADE SETUP

 


As part of the trading service offered, my clients were provided with these graphs as well as the following Trade Sheet Setup for their trades.


TRADE SHEET - AUD NZD TRADE

 
At the end of the established Holding Period, the trade was exited for 101 Pips instead of the 140 that was originally targeted - money nonetheless and above our 100 Pip minimum threshold.


DAILY CHART - TRADE RESULT

Live Trades are executed on Dukascopy´s Platform

 


As you can see from this graph, a smaller 69-Pip trade was made within the context of that short-lived breakout attempt. With this latest result, the Methodology would now have beaten 80% of the Top Currency Traders ranked by BarclayHedge as at September 30, 2014- with only 6 trades.


YEAR-TO-DATE RETURNS FROM METHODOLOGY

Trading Service started in July; 5% Risk per Trade; No Trading was done in August

BARCLAYHEDGE RANKINGS - SEPTEMBER 30, 2014 

The latest result from my strategy means that this client/investor would need only a few months to realize a 100% rate of return - from only 9 more trades.


100% RETURN PROJECTION

Assumes 150 Pips per Trade based on 100-200 Pip Target Range & No Losses

 




The main advantage of my approach is that one does not have to trade every day nor every week. Specific high probability opportunities are provided by the Currency Market each month on the larger time frames. Once these are identified and traded within the context of strong parameters, larger and more consistent gains are more likely with reduced exposure to market volatility.  With this strategy, one can not only realize large personal gains on your trading account, but you can also put yourself in a position to successfully manage the investments of those seeking stable, long-term capital accumulation.


Trading within Consolidation is a very common trading strategy used to take advantage of low liquidity market conditions. As we move within these boundaries, strong short-term gains can be patiently but aggressively taken until breakouts - very rare nowadays- eventually take place. The challenge, however, will always be to determine which of these Consolidations are best suited for this strategy and those that should be avoided (Section 6 - Consolidation Trading on the Forex Market).


Another important element of these trades is knowing where to place Stop Losses without the need for Trailing Stops. Although adjusting the Stop Loss is a common approach to avoiding losses from unexpected reversals, it can get in the way of the natural waves of the market as it makes its way to its main target. If a trade is up by 40 Pips but is closed when the market has pulled back to the new, smaller Stop Loss, one could forgo a lot of money if the market eventually moves by 60 Pips more in your direction. 

As you can see from the 4 Hour Chart below, using Trailing Stops would have easily eroded gains at the two pullback areas.


4 HOUR CHART - TRAILING STOPS

Section 9 explains where to put your Stop Losses to capture all of what the market has to offer and how to determine if the Stop Loss area is strong enough to protect your trade. This will give you the confidence to allow the market to accurately and successfully hit your trading targets until your major goal of Long-Term Wealth is also met.

Get the most out of your trading.

___________________________________________________________

RECENT EMAIL FROM CLIENT

____________________________

GET STARTED TODAY
____________________________

US$99.00

US$99.00

US$69.99

US$49.99

FREE

FREE

(See "SWING TRADING STRATEGY & TRADE RESULTS" for Product Details)
_____________________________

Duane Shepherd 

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

Currency Analyst/Trader

Contact: shepherdduane@gma
More info for 101 PIPS ON AUD NZD 80 OF TOP TRADERS NOW BEATEN ~ forex online trading system:

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