4.6% RESULT ON NZD USD PUSHES RETURN TO 19.3% AND CLOSER TO THE 30% TARGET
This trade on the NZD USD provided a quick and aggressive gain of 46 Pips for my Subscribers and a 4.6% Return on my Live Account. This means that the overall Rate of Return since this new Methodology began in February of this year is now at 19.35% - only 3 trades away from hitting the next target of 30%.
SUMMARY OF THE METHODOLOGY
The Methodology targets gains of 50 to 70 Pips on average - sometimes lower sometimes higher - within 24 Hours. Where justified trades will be held for up to 2 Days to capture larger targets of up to 100 Pips.
Market direction is determined by analyzing the Japanese Candlesticks, Trend Lines and Consolidation Patterns of the Daily and 4 Hour Charts. Once the direction is identified, the Signals of the 4 Hour Chart are then used for entry and Stop Loss Placement.
The Daily Chart of the NZD USD Pair was in the process of moving from the recently form Resistance Boundary of its Pennant to its Support Boundary at 0.6525. This provided the opportunity to trade it for a strong trading gain when the 4 Hour Chart formed the strong Evening Star Bearish Candlestick Signal.
Once the Signal was determined to be strong enough - some are weak and lead to unexpected reversals - entry took place at the close of the Candle. The Stop Loss was placed above the Downtrend Line to protect the trade at 0.6605.
The target was set to 0.6528 just above Support and was eventually hit after just 17 Hours.
4 HOUR CHART TRADE RESULT
As you know, my Chart Analysis is done using these FXCM Charts because of their clarity and accuracy and their use of the New York Close of the Daily Candle. This Candle is crucial to Price Action/Candlestick-Based Strategies like mine. Once a Signal is identified using these Charts, entry then takes place both on this FXCM Demo Account and my Live Account with FXPro. The Charts that you will receive as part of my Trading Signals Service are FXCM Charts (no different from Live Charts as you can see above).
Even though FXPro also uses the New York Close of the Daily Candle, their Platform offers to 2 key advantages. The 1st is that you can see the exact Risk/Reward for each trade you are about to make in percentage terms. This allows you to ensure that stay within your Risk Parameters and that you will get the minimum return you have established for each trade. The 2nd reason is that you receive email alerts when your trade has been closed. This helps to prevent us from being tempted to monitor and interfere with our trades unnecessarily.
SUMMARY OF TRADE RESULT
So this was a great example of how to take advantage of the movements between Resistance and Support by using Accurate Japanese Candlestick Signals. These Signals are also more likely to be accurate given the stability of the signals of the Larger Charts compared to those of the Smaller Time Frames.
Once you use this approach with my Methodology, you stand to benefit from the many advantages that my Methodology and Services will provide for you.
MAIN ADVANTAGES OF THE DRFX TRADING METHODOLOGY & SERVICE
There are many well-intentioned Forex Courses and Mentors globally. However, most fall short of the mark in terms of what you really need to take advantage of the Forex because of the limited Testing and Research that went into creating their Systems.
This is why they only work in the Short-Term.
To correct this, you need to have a totally new approach from the ground level with theories that have been extensively tested for 10 years, during both Normal and Abnormal market conditions.
This is what you will finally get as a DRFX Subscriber.