EURO GBP 50 PIPS WITH TRADING STRATEGY


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 trade 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 of how we can take advantage of Consolidation Patterns for trading gains. As long as we know the theories controlling the Forex, money is ours for the taking.





_______________________________














________________________________
















________________________________















________________________________




________________________________


________________________________



Sounds Good?

Contact Me for your Free 10-Day Trial or for your Subscription Service Invoice Today!

 All Payment Types Processed by PayPal.


Bank Transfer Also Available.

Your Mentor



Duane Shepherd
(M.Sc. Economics, B.Sc. Management and Economics)
Currency Analyst/Trader
shepherdduane@gmail.com /(876)-3825648
Twitter: @WorldWide876
Facebook: DRFXTRADING

________________________________






Comments

  1. Thank you for giving us insights and inspirations. This article is really helpful and informative. We would like to see more updates from you in the future.

    Mentor Program

    ReplyDelete
  2. Do you think that to dramatically improve your success rate you have to read tons of thick books, buy expensive software and spend countless hours of learning more about Forex?

    What I'm going to share with you is something very EASY to use and very POWERFUL at the same time.

    Let me give you an EXAMPLE:

    Imagine you trade a system that makes 50% winning trades, but another 50% are losing trades. If you increase your odds of winning by only 20%, that would make 70% winning trades and 30% losing trades.

    Well, HOW TO accomplish that?

    Just pick the best trending pair at the current time and simply follow the trend! I have found ONE INCREDIBLE TOOL that continuously scans the Forex market and picks the most reliable trending pairs for you.

    ==> http://www.forextrendy.com?ljsjhd8374h

    By taking signals in the direction of a strong trend you would REDUCE UNNECESSARY LOSSES and increase the odds of winning. You need to know "how well" the market is trending to avoid very short-term trends.

    STOP hunting the market for every potential trade. Pick only the best trending pairs and time frames and DO NOT take any trading signals in the choppy market (unless you know exactly what you are doing).

    Successful traders keep it simple and this is the way how the pros made fortunes in the markets - by trading less and making more.

    To increase the profitability of any system or robot you are currently using, check out this easy and powerful ultimate solution:

    ReplyDelete

Post a Comment

Popular posts from this blog

SHARP GBP USD RALLY PREDICTED 7 DAYS AGO

STRATEGY NOW UP BY 23.78% WITH RECENT 2.00% USD CHF TRADE

GBP CAD PROVIDES A 140-PIP TRADING GAIN FROM FALSE CONSOLIDATION BREAKOUT REVERSAL