EURO CAD BULLS HAVE THE EDGE WITH STRONG BULL CROWN - macd forex trading system

EURO CAD BULLS HAVE THE EDGE WITH STRONG BULL CROWN ~ macd forex trading system

A Bull Crown Formation has now appeared at the Inner Downtrend Line following the sharp Bearish breakout from the Range Setup. This appears to indicate the start of an Uptrend in the days ahead, despite the predominantly Bearish direction of this currency pair.

From the chart below, we can see that the Breakout that was taking place from the Range Setup on the Daily Chart has now ended with a rally above the Inner Downtrend Line.

DAILY CHART- OVERALL DOWNTREND

Breakouts from Consolidations such as these can include periods of pullbacks that eventually lead to the continuation of the trend. In fact, above the Inner Downtrend Line, a Range Setup has been formed above the Uptrend/Counter Trend Lines. If these are broken bearish with a strong candle, it could lead to the resumption of the overall breakout.

DAILY CHART- RANGE SETUP

However, there are two factors that give the edge to the Bulls and the likelihood of a new Uptrend in the days ahead. The first is that Breakouts from Range Consolidations of this size are generally expected to last a longer time than appears to be happening here. Although the pullbacks are expected, the time that it has now taken in moving sideways is longer than is normal for Breakouts such as these.

DAILY CHART- EXPECTED BREAKOUT DISTANCE

The second factor has to do with the Bull Crown setup that has appeared above the Inner Downtrend Line. Not only is it unusual to have such a long period of indecision with these Breakouts, but it is even more so whenever a strong setup that signals a move in the opposite direction appears.

DAILY CHART- BULL CROWN

Because of these two factors, a breakout above the Resistance of the Range Setup is the more likely scenario. This would first carry us to the Outer Downtrend Line where the pair could encounter some resistance. From here, a break of this barrier could take place to signal even stronger gains for the EURO. This would require another strong signal given the significance of the barrier and that there is always a possibility of the existing trend continuing as long as we are still below this trend line.

DAILY CHART- PROJECTED MOVES

Aggressive traders may be tempted to get into this trade before a breakout signal is provided. This is often done to get in ahead of the market especially if the breakout candle is too large and does not provide a small enough Stop Loss. However, given the frequency of False Breakouts, it is always better to wait for the Daily Chart to signal the direction in order to trade with greater confidence. Stop Losses may be larger but if they are placed at an area that is strong enough to protect the trade, a trader can hold his/her position with greater certainty that profit targets will be hit.

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GBP CAD 500 PIP RALLY IN NEXT FEW DAYS - neural spray forex trading system

GBP CAD 500 PIP RALLY IN NEXT FEW DAYS ~ neural spray forex trading system

This pair has started to break out above the latest Pennant setup on the Daily Chart which could set the stage for strong Pip gains in the days ahead. Before this takes place, however, we would need to see a stronger Bull Candle (Normal Candle) than the one that has appeared at the end of Mondays session. 

DAILY CHART - WEAK CANDLE BREAKOUT

Once we have this signal, we will be able to enter with greater confidence that another 200-Pip trade will be there for the taking.


The expected rally would continue the momentum of the major break out above the Outer Downtrend Line, which started a few weeks ago on January 21, 2015.

DAILY CHART- OVERALL DOWNTREND

DAILY CHART- START OF TREND LINE BREAK

As is typical of the Currency Market, breaks of major barriers such as these tends to take place with a break of a large Consolidation - a Pennant in this scenario. What this means is that any breakout from the smaller Pennant Setup would be supported by the momentum of the breakout from that larger Pennant- leading to profit targets being hit in a very short time.

If we see the hoped for Bull Candle this week, it will need to first go through our gauntlet of checks and balances prior to entry.

TRADE SHEET CHECKLIST

Once these criteria are met, another strong trading gain will be added to our growing trading accounts.

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Duane Shepherd

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

Currency Analyst/Trader

Contact: shepherdduane@gmail.com

Twitter: @WorldWide876

Facebook: DRFXTRADING
Website: www.drfxswingtrading.com

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NZD JPY BULLISH SIGNAL NEEDED FOR LARGE GAINS - professional forex trading system

NZD JPY BULLISH SIGNAL NEEDED FOR LARGE GAINS ~ professional forex trading system

Consolidation, Consolidation and more Consolidation. When will they end? Only the policy makers at the major Central Banks and the key market players know the answer. Until then, our responsibility as traders of the Larger Time Frames is to accurately spot them, analyze them and trade them for large gains. We do this by using the trading rules established for trading these patterns in my Trading Manual and waiting patiently until our targets are hit.

The next major setup that could provide such an opportunity is on the NZD JPY. This has been moving sideways towards the major Inner Uptrend Line following the end of a very long 5 -year rally.

DAILY CHART

The sideways movement can be seen more clearly on the next chart where a Range setup appears to be taking shape.

DAILY CHART

This 390-Pip Range would be completed with a rally to the Resistance boundary. A few hundred pips would be ours for the taking if we see a strong Bullish signal above the Downtrend Line (DTL) and the Counter Trend Line (CTL).

DAILY CHART

Once this appears, we can enter immediately with the appropriate Stop Loss and Limit Orders, using the Daily and 4 Hour Charts. The exact size of these Risk and Reward parameters will depend on the patterns formed when the signal appears, so long as they are within our limits set out in our Excel Worksheet.

Take full advantage of the low market volatility by maximizing on these large Consolidation setups. Trade them on your own using the guidelines established in the Trading Manual or execute them directly from my Trade Setup emailed to you as a Subscriber.

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 ___________________________________________

Duane Shepherd 

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

Currency Analyst/Trader

Contact: shepherdduane@gmail.com

Twitter: @WorldWide876

Facebook: DRFXTRADING 

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EURO JPY 300 PIP RALLY IN A FEW DAYS - forex power trading system

EURO JPY 300 PIP RALLY IN A FEW DAYS ~ forex power trading system

The EURO JPY looks to be about to form the Support boundary of a very large Pennant on the Daily Chart. After ending a very long Uptrend and breaking the Inner Uptrend Line, it has been gradually moving sideways towards the Outer Uptrend Line. We also see what appears to be the start of a Double Bottom formation. If there is a bullish move that breaks the current Downtrend Line, then a rally to the Resistance of this Pennant could take place towards the end of this month.

The chart below shows the Inner and Uptrend Lines of the major Uptrend. The end of long trends usually leads to the break of the Inner Trend Line and a gradual drift towards the Outer Trend Line.


DAILY CHART

From here, the currency could continue to move sideways until it breaks the Outer Uptrend Line to start a Downtrend or rally to continue the main Uptrend. As it moves sideways to reflect the low trading activity across the Forex market, it could rally in the short-term to complete the formation of a large Pennant. The Resistance has already been formed and is now ´awaiting` the 2nd Support price point.

DAILY CHART

This rally could start with a break of the Downtrend Line that would also complete a pair of Double Bottoms. This would be enough of a signal to justify trading long towards Resistance, a little less than 300 Pips away.

If these Double Bottoms are formed with a strong Bull Candle to break the Downtrend Line, entry can take place either immediately or with a follow-up signal on the 4 Hour Chart. This, of course, will depend on the patterns we see on both time frames relative to the rules established for trading these setups.

RECENT EMAIL FROM CLIENT

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SUBSCRIBE TODAY

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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 EURO JPY 300 PIP RALLY IN A FEW DAYS ~ forex power trading system:

SUBSCRIBERS NOW UP 53 WITH 200 PIP AUD NZD TRADE - netwave forex trading system

SUBSCRIBERS NOW UP 53 WITH 200 PIP AUD NZD TRADE ~ netwave forex trading system

This latest 200-Pip gain involved a Consolidation Breakout trade from a Range setup on the Daily Chart of this Aussie pair. The Support boundary was initial broken with a weak Bearish Candle but was soon followed by a stronger U-Turn Signal that indicated the resumption of the breakout. Having determined that the overall setups on the Daily and 4 Hour Charts were in sync with the Methodology’s criteria, the trade was executed on Sunday March 29, 2015. After only a few days, the target was subsequently hit within the established holding period to push the overall return for Subscribers to 53% from only 12 trades, generating 868 Pips along the way.

Apart from the strong trading profit that Subscribers would have enjoyed on their Retail and Institutional Trading Accounts, the sharp Bullish Reversal in the market a day later would have provided them with additional reassurance about the accuracy of the Methodology. With Consolidation Breakouts, there is a greater tendency to hold out for a greater number of Pips than the market is offering given the larger Pip ranges of these breakouts. However, once the rules of the strategy are always followed, a consistent rate of growth will continue to be accrued on your portfolio in the months and years to come, with few market surprises.

GENERAL MARKET PATTERN

The over direction of the pair has been predominantly bearish since March of 2011. There have been brief periods of Consolidation that may have led to a reversal but the bears eventually take control and have provided significant gains for the Kiwi against its major trading partner’s currency. As with all trends that have lasted for several years, Long-Term, Outer and Inner Trend Lines tend to be formed.

DAILY CHART - STRONG DOWNTREND & CONSOLIDATION BREAKOUT

Given the strength of this downtrend and the start of the breakout from the Large Pennant, it was no surprise that the most recent Consolidation setup would be broken short. This would come in the form of an Evening Star Candlestick Formation as the market rallied and U-Turned after testing the Support boundary of the Range.

DAILY CHART - RANGE SETUP TO RESUME BREAKOUT

After determining that the setup of this trade conformed to the parameters set out in the Trade Sheet for Consolidation Breakouts...

TRADE SHEET CHECK LIST 

... a Trade Setup was circulated to Subscribers with details on the Entry, Stop Loss and Limit Orders using the 4 Hour Chart...

4 HOUR CHART - ENTRY & STOP LOSS SETUPS 

4 HOUR CHART - TRADE TARGET SETUP

After 6 patient days, the target was eventually hit on Sunday April 5th.

DAILY CHART - TARGET FINALLY HIT

This  trade pushed the Return for Subscribers to 53% and 40% on the Demo Account that tracks the trades sent to Subscribers (behind by 3 trades).

RATE OF RETURN FOR SUBSCRIBERS

(Assumes a starting capital of US$ 5000 for a Subscriber; Only 4 Trades Remain for a 100% Return; 105 Pips and 150 Pips Avg. Stops and Limits as per Methodology)

RATE OF RETURN ON FXCM ACCOUNT 

  

FXCM INDIVIDUAL TRADE RESULTS

(http://www.myfxbook.com/members/DRFXTRADING/duane/1079693)

Relative to the recent performance of the top 10 Currency Traders,

CURRENCY TRADERS MANAGING MORE THAN US$10 MILLION

 AS OF FEBRUARY 2015

Names of CTAs withheld to comply with Redistribution Terms of BarclayHedge

...and the 2nd Best Trader between 2008 and 2013 ranked by BarclayHedge Currency Index...

RATES OF RETURN OF JARRATT DAVIS 

http://www.jarrattdavis.com/

 ...these Subscribers continue to surpass them with room to spare.

Most of these profitable trades have been the result of accurate trade targets being set according to the setup presented. These exit points generally coincide with major price point areas that lead to strong pullbacks in the market over subsequent days. This recent trade was another example of the reversals that take place at these areas and the need to adhere to the guidelines for exit, regardless of the number of Pips.

Within a few days, the market rallied sharply to close Tuesday’s US trading session with a strong Bullish Candlestick Formation (reaction to the Interest Rate decision and Statement by the Reserve Bank of Australia). This would have eroded most of that 200 Pips had we chosen to hold out for more.

DAILY CHART - SHARP TREND REVERSAL SIGNAL

30 MINUTE CHART

The reversal seen on the Daily Chart is one of the signals given by the market to indicate the end of the Consolidation Breakout.

There is nothing more frustrating than coming back to the charts to see a perfectly good trade taken out by these reversals, especially if it begins a few Pips ahead of our intended trade target. This is why the following exit points were identified and discovered to be the best way to maximize on these trades while staying away from these “surprises”;

• Resistance/Support Boundaries;
• The Breakout Equivalent;
• The 200-Pip Maximum (where possible);
• The Weekly Range;
• The Monthly Range;

The choice of targets ultimately depends on whether we are trading a Trending or Consolidating market and the size of the Consolidation Pattern in question. So long as these are chosen appropriately on each occasion, these market surprises will be the exception with large Pip gains such as these becoming the RULE in your trading.

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