NZD JPY 100-PIP GAIN PUSHES RETURN UP TO 24% IN JUST 31 TRADES!
As you will see in this brief analysis and in more detail in the Video Analysis on my website (swingtradingmentoring.com), this trade provided me and my DRFX Subscribers with a strong trading gain of 100 Pips in just a few days and a large 4.16% Return on my Live Account.
This trade, which took advantage of the formation of the Range Consolidation Setup on the Daily Chart, has now pushed the Rate of Return to 24.32% since the Methodology started in February this year. Assuming the next set of trades also provide average returns of 4.0% each, only 2 trades will be needed to hit the 30% target followed by just 4 to hit the 48% target!
TRADE SUMMARY AND RESULT
RATE OF RETURN
FEBRUARY 1ST TO OCTOBER 8TH, 2018
RATE OF RETURN TARGETS
OVERVIEW OF THE TRADE SETUP OCTOBER 4TH, 2018
As can be seen in the Chart below, the Pair was in the process of forming a Range Consolidation Setup on its Daily Chart. The Support Boundary had already been completed while the Resistance had just been formed with the U-Turn now taking place.
With the Daily Chart providing the strong Bearish Candlestick Signal, it was not only indicating a move to Support but also an opportunity to capture a large trading gain as the Range Setup was being completed.
DAILY CHART OCTOBER 4TH, 2018
The overall Setup and Signal were both considered to be strong enough to justify the trade. An email to my Subscribers was then sent explaining the reasons and the theories behind the trade, along with the graphs, Entry, Stop Loss and Limit Orders. After entry took place, the pair needed only 2 Trading Days to hit our target.
DAILY CHART TRADE RESULT OCTOBER 8TH, 2018
FXPRO ACCOUNT DAILY CHART OCTOBER TH, 2018
Chart Analysis is done using these FXCM Demo Charts to provide Entry Signals because of their greater clarity and accuracy but my Live Trades are done with FXPro. This is because FxPro allows you to see the exact Risk/Reward for each trade and you receive email alerts when your trade has been closed. This helps to avoid being tempted to monitor and interfere with our trades unnecessarily.
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