DRFX FOREX SWING TRADING

Our latest trade took place on the EURO GBP as we took advantage of the rally in this pair on the 4 Hour Chart. As you can see in the graph below, the Pair appeared to be forming a Pennant Setup, with a Bullish Candle indicating the start of a rally to Resistance... 4 HOUR CHART This was based on the theory of Consolidations from the Trading Manual, which shows us how to spot and tra de the formation of Consolidations... PAGE 119 OF TRADING MANUAL After analyzing the pair with the Chart Analysis and Trade Entry Sheets, it was determined that the trade could be taken. After just over 24 Hours from entry, the trading target was hit.... CHART ANALYSIS SHEET TRADE ENTRY SHEET TRADE RESULT Even though this was less than the 70 Pips we aim for as part of the strategy... ....the trade provided a good Return, since we only needed a 30 Pip Stop Loss... PROJECTED TRADES - 2% RISK PER TRADE So another example...

The AUD CAD had given us Bearish Signals recently to indicate that a trading opportunity was possible in sync with our 70-Pip Trading Strategy... (See Website for Trading Strategy ) This was based on the pattern of candles on the Daily and 4H Charts that showed the market breaking an Uptrend Line and providing a Bearish Entry Signal. However, this Signal was not appropriate based on the rules of my strategy and I had sent out a warning to my Subscribers... If we had entered the market, this would have been the setup... The Stop Loss would have been 60 Pips - above our 40-Pip Maximum - and the target would have been 70 Pips... However, as you can see, at the end of 24 Hour Holding Period for our trades, the market had pulled back without hitting the target.... ...this would have led to us having to close the trade with a 8 Pip Loss... Had we held it longer, the trade would have been stopped out f...

This Forex Market provides many types of Candlestick Patterns that can be predicted and traded for profit. Once you know what these patterns are and how to identify them at just the right time, you can trade them for consistent gains every month for Long-Term Wealth. This popular Currency Pair formed a Pennant Setup over the last few weeks on the Daily Chart and had attempted to start a breakout Bearish below Support. However, instead of continuing to provide USD gains, the pair began to stall. Based on the pattern of candles given at this area, it appeared that a Double Bottom Formation was taking shape that could lead to a reversal back inside of the Pennant.... DAILY CHART - POSSIBLE DOUBLE BOTTOMS? From the first sections of my Trading Manual - available as part of the 6- Month Trading Service ( SWING TRADING COURSE ) - you will see that the Double Bottoms are not only very common Candlestick Patterns... ....but are also the type of signal...